Proposed Provision: B3.14. Beginning with those newly eligible for OASDI benefits in 2024, reduce the 15 percent PIA factor by 2 percentage points per year so that it reaches 5 percent for those newly eligible in 2028 and later.

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

Year Current Law Provision
2022230230
2023211211
2024194194
2025177177
2026160160
2027143143
2028126126
2029109109
20309192
20317475
20325758
20333940
20342123
203535
2036-16-13
2037-35-31
2038-54-50
2039-74-70
2040-95-89
2041-116-109
2042-137-129
2043-158-149
2044-180-169
2045-202-190
2046-224-210
2047-246-231
2048-268-252
2049-291-273
2050-313-293
2051-336-315
2052-359-336
2053-383-357
2054-406-378
2055-430-400
2056-453-421
2057-477-443
2058-501-465
2059-525-487
2060-550-510
2061-575-533
2062-601-556
2063-627-580
2064-654-604
2065-681-629
2066-708-654
2067-736-679
2068-764-705
2069-792-730
2070-821-757
2071-850-783
2072-880-811
2073-910-838
2074-940-866
2075-971-894
2076-1003-924
2077-1036-954
2078-1069-984
2079-1104-1016
2080-1139-1049
2081-1175-1082
2082-1212-1115
2083-1249-1149
2084-1286-1184
2085-1324-1219
2086-1363-1254
2087-1402-1290
2088-1442-1326
2089-1481-1362
2090-1520-1397
2091-1558-1432
2092-1595-1466
2093-1632-1499
2094-1668-1532
2095-1703-1564
2096-1738-1596
2097-1773-1627
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