Proposed Provision: B3.17. Increase the current-law first bend point by 22 percent and increase the 90 percent PIA factor to 95 percent for all beneficiaries eligible for benefits as of January 2023 and for those newly eligible for benefits after 2022. This provision will result in an approximate $200 increase in PIA for most workers newly eligible for retirement or disability benefits in 2023.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Current Law Provision
2022230230
2023211193
2024194170
2025177147
2026160124
2027143102
202812679
202910957
20309135
20317412
203257-10
203339-34
203421-57
20353-82
2036-16-107
2037-35-133
2038-54-159
2039-74-186
2040-95-213
2041-116-241
2042-137-269
2043-158-298
2044-180-327
2045-202-356
2046-224-385
2047-246-415
2048-268-444
2049-291-474
2050-313-504
2051-336-534
2052-359-564
2053-383-595
2054-406-625
2055-430-656
2056-453-686
2057-477-717
2058-501-748
2059-525-779
2060-550-811
2061-575-843
2062-601-876
2063-627-909
2064-654-943
2065-681-977
2066-708-1012
2067-736-1047
2068-764-1082
2069-792-1118
2070-821-1154
2071-850-1190
2072-880-1227
2073-910-1265
2074-940-1303
2075-971-1341
2076-1003-1381
2077-1036-1422
2078-1069-1464
2079-1104-1507
2080-1139-1551
2081-1175-1596
2082-1212-1642
2083-1249-1689
2084-1286-1736
2085-1324-1784
2086-1363-1833
2087-1402-1883
2088-1442-1933
2089-1481-1983
2090-1520-2032
2091-1558-2081
2092-1595-2128
2093-1632-2175
2094-1668-2221
2095-1703-2266
2096-1738-2311
2097-1773-2354
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