Proposed Provision: Beginning with those newly eligible for OASDI benefits in 2017, use a modified primary insurance amount (PIA) formula. The modified formula: (1) increases the first bend point to the equivalent of $800 in 2009; (2) places a new bend point 75 percent of the way between the reset first bend point and the current-law second bend point; (3) lowers the PIA factor between the new bend point and the upper bend point from 32 percent to 20 percent; and (4) lowers the factor above the upper bend point from 15 percent to 10 percent.

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

Year Present Law Provision
2016303303
2017293293
2018277277
2019262262
2020246246
2021231232
2022216216
2023200201
2024183184
2025165167
2026149151
2027132135
2028115118
202998102
20308186
20316469
20324652
20332735
2034817
2035-11-2
2036-30-20
2037-50-39
2038-71-58
2039-91-78
2040-112-97
2041-133-117
2042-154-137
2043-176-157
2044-197-177
2045-218-197
2046-240-217
2047-262-237
2048-283-257
2049-305-278
2050-327-298
2051-349-319
2052-371-339
2053-393-359
2054-415-380
2055-437-401
2056-460-422
2057-482-443
2058-506-465
2059-529-487
2060-553-509
2061-578-532
2062-603-555
2063-628-579
2064-654-603
2065-680-628
2066-706-653
2067-733-678
2068-760-704
2069-788-730
2070-816-757
2071-845-784
2072-874-811
2073-905-840
2074-935-869
2075-967-899
2076-1000-930
2077-1033-962
2078-1068-994
2079-1102-1027
2080-1138-1060
2081-1173-1093
2082-1208-1127
2083-1243-1160
2084-1279-1193
2085-1314-1226
2086-1349-1259
2087-1384-1292
2088-1419-1326
2089-1455-1360
2090-1491-1394
2091-1528-1429
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