Proposed Provision: B3.13. For retired worker beneficiaries newly eligible in 2033 (excluding disabled workers), add a new bend point at the wage-indexed equivalent of the 50th percentile of the AIME distribution minus $100 (for 2015 eligibility) and change the PIA factors to 95/32/15/5. Also move the current-law first bend point from the wage-indexed equivalent of $1,286 in 2026 to $1,634 in 2026. Phase this provision in over 10 years (2033-2042). The phase-in would work on a weighted-average basis: 90% of CL formula + 10% of proposal formula for 2033, 80% of CL formula + 20% of proposal formula for 2034, and so on.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2026 | 151 | 151 |
| 2027 | 131 | 131 |
| 2028 | 111 | 111 |
| 2029 | 92 | 92 |
| 2030 | 74 | 74 |
| 2031 | 57 | 57 |
| 2032 | 40 | 40 |
| 2033 | 23 | 23 |
| 2034 | 7 | 7 |
| 2035 | -9 | -9 |
| 2036 | -25 | -25 |
| 2037 | -41 | -41 |
| 2038 | -58 | -58 |
| 2039 | -76 | -76 |
| 2040 | -94 | -94 |
| 2041 | -112 | -113 |
| 2042 | -132 | -132 |
| 2043 | -151 | -151 |
| 2044 | -171 | -172 |
| 2045 | -192 | -192 |
| 2046 | -213 | -213 |
| 2047 | -234 | -235 |
| 2048 | -256 | -257 |
| 2049 | -279 | -279 |
| 2050 | -301 | -302 |
| 2051 | -324 | -325 |
| 2052 | -347 | -348 |
| 2053 | -371 | -372 |
| 2054 | -395 | -396 |
| 2055 | -420 | -420 |
| 2056 | -445 | -445 |
| 2057 | -470 | -470 |
| 2058 | -496 | -496 |
| 2059 | -522 | -522 |
| 2060 | -550 | -549 |
| 2061 | -578 | -577 |
| 2062 | -607 | -605 |
| 2063 | -636 | -634 |
| 2064 | -666 | -664 |
| 2065 | -697 | -694 |
| 2066 | -729 | -725 |
| 2067 | -761 | -757 |
| 2068 | -794 | -789 |
| 2069 | -827 | -821 |
| 2070 | -861 | -855 |
| 2071 | -896 | -888 |
| 2072 | -931 | -923 |
| 2073 | -967 | -958 |
| 2074 | -1004 | -994 |
| 2075 | -1042 | -1031 |
| 2076 | -1081 | -1069 |
| 2077 | -1121 | -1109 |
| 2078 | -1162 | -1149 |
| 2079 | -1204 | -1190 |
| 2080 | -1248 | -1232 |
| 2081 | -1292 | -1276 |
| 2082 | -1337 | -1320 |
| 2083 | -1384 | -1365 |
| 2084 | -1431 | -1412 |
| 2085 | -1480 | -1459 |
| 2086 | -1530 | -1508 |
| 2087 | -1581 | -1558 |
| 2088 | -1633 | -1609 |
| 2089 | -1686 | -1661 |
| 2090 | -1740 | -1714 |
| 2091 | -1795 | -1767 |
| 2092 | -1850 | -1821 |
| 2093 | -1906 | -1876 |
| 2094 | -1962 | -1931 |
| 2095 | -2019 | -1986 |
| 2096 | -2075 | -2042 |
| 2097 | -2132 | -2097 |
| 2098 | -2189 | -2153 |
| 2099 | -2246 | -2208 |
| 2100 | -2303 | -2264 |
| 2101 | -2359 | -2319 |
back