Proposed Provision: E3.7. Increase the taxable maximum by an additional 2 percent per year beginning in 2028 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
2026151151
2027131131
2028111111
20299292
20307475
20315758
20324043
20332327
2034713
2035-9-1
2036-25-15
2037-41-30
2038-58-44
2039-76-59
2040-94-74
2041-112-89
2042-132-105
2043-151-121
2044-171-137
2045-192-154
2046-213-171
2047-234-188
2048-256-206
2049-279-223
2050-301-241
2051-324-259
2052-347-277
2053-371-295
2054-395-314
2055-420-333
2056-445-353
2057-470-372
2058-496-393
2059-522-414
2060-550-435
2061-578-457
2062-607-480
2063-636-503
2064-666-527
2065-697-551
2066-729-576
2067-761-602
2068-794-628
2069-827-655
2070-861-683
2071-896-711
2072-931-740
2073-967-769
2074-1004-800
2075-1042-831
2076-1081-863
2077-1121-897
2078-1162-931
2079-1204-966
2080-1248-1002
2081-1292-1039
2082-1337-1077
2083-1384-1116
2084-1431-1156
2085-1480-1197
2086-1530-1238
2087-1581-1281
2088-1633-1325
2089-1686-1370
2090-1740-1415
2091-1795-1461
2092-1850-1507
2093-1906-1554
2094-1962-1601
2095-2019-1648
2096-2075-1696
2097-2132-1743
2098-2189-1791
2099-2246-1839
2100-2303-1886
2101-2359-1933
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