Proposed Provision: Beginning with those newly eligible for OASDI benefits in 2023, create a new bend point at the 50th percentile of the AIME distribution of newly retired workers and gradually reduce all PIA factors except for the 90 percent factor. By 2056: a) the 32 percent PIA factor below the new bend point reduces to 30 percent; b) the 32 percent PIA factor above the new bend point reduces to 10 percent; and c) the 15 percent PIA factor reduces to 5 percent.

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

Year Present Law Provision
2016303303
2017293293
2018277277
2019262262
2020246246
2021231231
2022216216
2023200200
2024183183
2025165166
2026149149
2027132132
2028115115
20299899
20308182
20316465
20324647
20332729
2034811
2035-11-8
2036-30-27
2037-50-46
2038-71-65
2039-91-85
2040-112-105
2041-133-124
2042-154-144
2043-176-164
2044-197-183
2045-218-203
2046-240-222
2047-262-242
2048-283-261
2049-305-280
2050-327-299
2051-349-318
2052-371-337
2053-393-355
2054-415-374
2055-437-392
2056-460-410
2057-482-429
2058-506-447
2059-529-466
2060-553-484
2061-578-503
2062-603-522
2063-628-541
2064-654-560
2065-680-579
2066-706-598
2067-733-617
2068-760-636
2069-788-656
2070-816-675
2071-845-695
2072-874-715
2073-905-736
2074-935-757
2075-967-778
2076-1000-800
2077-1033-822
2078-1068-845
2079-1102-868
2080-1138-891
2081-1173-914
2082-1208-937
2083-1243-959
2084-1279-982
2085-1314-1004
2086-1349-1026
2087-1384-1048
2088-1419-1070
2089-1455-1092
2090-1491-1115
2091-1528-1138
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