Proposed Provision: E3.7. Increase the taxable maximum by an additional 2 percent per year beginning in 2027 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
2025169169
2026149149
2027131131
2028113113
20299596
20307880
20316063
20324347
20332631
2034916
2035-90
2036-27-15
2037-45-31
2038-63-47
2039-83-63
2040-102-80
2041-122-97
2042-143-113
2043-164-131
2044-185-148
2045-206-165
2046-228-182
2047-250-200
2048-272-217
2049-295-235
2050-317-252
2051-340-270
2052-363-287
2053-386-305
2054-409-323
2055-433-341
2056-457-359
2057-481-377
2058-505-396
2059-530-415
2060-556-434
2061-582-454
2062-609-475
2063-636-495
2064-664-517
2065-692-538
2066-721-560
2067-750-583
2068-780-606
2069-810-629
2070-840-653
2071-871-677
2072-903-702
2073-935-727
2074-967-753
2075-1000-779
2076-1035-806
2077-1070-835
2078-1106-863
2079-1142-893
2080-1180-923
2081-1219-954
2082-1258-986
2083-1298-1018
2084-1338-1050
2085-1380-1084
2086-1423-1118
2087-1466-1153
2088-1510-1188
2089-1554-1224
2090-1599-1259
2091-1643-1295
2092-1687-1330
2093-1731-1365
2094-1774-1399
2095-1816-1433
2096-1858-1466
2097-1900-1499
2098-1941-1532
2099-1982-1565
2100-2022-1597
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