Proposed Provision: E3.7. Increase the taxable maximum by an additional 2 percent per year beginning in 2026 until taxable earnings equal 90 percent of covered earnings. Provide benefit credit for earnings up to the revised taxable maximum. Create a new bend point equal to the current-law taxable maximum with a 5 percent formula factor applying above the new bend point.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2024 | 188 | 188 |
| 2025 | 171 | 171 |
| 2026 | 152 | 152 |
| 2027 | 134 | 135 |
| 2028 | 117 | 118 |
| 2029 | 101 | 102 |
| 2030 | 84 | 87 |
| 2031 | 68 | 72 |
| 2032 | 53 | 58 |
| 2033 | 37 | 45 |
| 2034 | 22 | 32 |
| 2035 | 7 | 18 |
| 2036 | -9 | 5 |
| 2037 | -26 | -9 |
| 2038 | -43 | -23 |
| 2039 | -60 | -38 |
| 2040 | -78 | -52 |
| 2041 | -96 | -67 |
| 2042 | -115 | -82 |
| 2043 | -135 | -97 |
| 2044 | -154 | -113 |
| 2045 | -174 | -128 |
| 2046 | -194 | -144 |
| 2047 | -215 | -160 |
| 2048 | -235 | -176 |
| 2049 | -256 | -191 |
| 2050 | -277 | -207 |
| 2051 | -299 | -223 |
| 2052 | -320 | -239 |
| 2053 | -342 | -255 |
| 2054 | -364 | -272 |
| 2055 | -386 | -288 |
| 2056 | -409 | -305 |
| 2057 | -431 | -322 |
| 2058 | -455 | -339 |
| 2059 | -478 | -356 |
| 2060 | -502 | -374 |
| 2061 | -527 | -392 |
| 2062 | -553 | -411 |
| 2063 | -579 | -431 |
| 2064 | -605 | -450 |
| 2065 | -632 | -471 |
| 2066 | -660 | -491 |
| 2067 | -688 | -512 |
| 2068 | -716 | -534 |
| 2069 | -745 | -556 |
| 2070 | -774 | -578 |
| 2071 | -803 | -601 |
| 2072 | -834 | -624 |
| 2073 | -864 | -648 |
| 2074 | -895 | -672 |
| 2075 | -927 | -697 |
| 2076 | -960 | -723 |
| 2077 | -993 | -749 |
| 2078 | -1027 | -776 |
| 2079 | -1062 | -803 |
| 2080 | -1098 | -831 |
| 2081 | -1134 | -860 |
| 2082 | -1172 | -889 |
| 2083 | -1209 | -919 |
| 2084 | -1248 | -950 |
| 2085 | -1287 | -980 |
| 2086 | -1327 | -1012 |
| 2087 | -1368 | -1044 |
| 2088 | -1409 | -1076 |
| 2089 | -1450 | -1108 |
| 2090 | -1491 | -1140 |
| 2091 | -1532 | -1172 |
| 2092 | -1573 | -1204 |
| 2093 | -1612 | -1235 |
| 2094 | -1651 | -1265 |
| 2095 | -1689 | -1295 |
| 2096 | -1727 | -1324 |
| 2097 | -1764 | -1353 |
| 2098 | -1801 | -1382 |
| 2099 | -1838 | -1411 |
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