Proposed Provision: E3.19. Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in linearly from 2026-2031). Provide benefit credit for additional earnings taxed, using a secondary PIA formula. This secondary PIA formula involves: (1) an "AIME+" derived from additional annual earnings taxed over the current-law taxable maximum; and (2) a formula factor of 2.5 percent on this newly computed "AIME+".
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2024 | 188 | 188 |
| 2025 | 171 | 171 |
| 2026 | 152 | 152 |
| 2027 | 134 | 136 |
| 2028 | 117 | 122 |
| 2029 | 101 | 109 |
| 2030 | 84 | 98 |
| 2031 | 68 | 88 |
| 2032 | 53 | 79 |
| 2033 | 37 | 70 |
| 2034 | 22 | 61 |
| 2035 | 7 | 53 |
| 2036 | -9 | 44 |
| 2037 | -26 | 34 |
| 2038 | -43 | 24 |
| 2039 | -60 | 13 |
| 2040 | -78 | 2 |
| 2041 | -96 | -9 |
| 2042 | -115 | -21 |
| 2043 | -135 | -32 |
| 2044 | -154 | -45 |
| 2045 | -174 | -57 |
| 2046 | -194 | -70 |
| 2047 | -215 | -83 |
| 2048 | -235 | -96 |
| 2049 | -256 | -109 |
| 2050 | -277 | -123 |
| 2051 | -299 | -136 |
| 2052 | -320 | -150 |
| 2053 | -342 | -165 |
| 2054 | -364 | -179 |
| 2055 | -386 | -194 |
| 2056 | -409 | -209 |
| 2057 | -431 | -225 |
| 2058 | -455 | -241 |
| 2059 | -478 | -257 |
| 2060 | -502 | -274 |
| 2061 | -527 | -292 |
| 2062 | -553 | -310 |
| 2063 | -579 | -328 |
| 2064 | -605 | -347 |
| 2065 | -632 | -367 |
| 2066 | -660 | -386 |
| 2067 | -688 | -406 |
| 2068 | -716 | -427 |
| 2069 | -745 | -448 |
| 2070 | -774 | -469 |
| 2071 | -803 | -491 |
| 2072 | -834 | -513 |
| 2073 | -864 | -536 |
| 2074 | -895 | -559 |
| 2075 | -927 | -583 |
| 2076 | -960 | -607 |
| 2077 | -993 | -632 |
| 2078 | -1027 | -657 |
| 2079 | -1062 | -683 |
| 2080 | -1098 | -710 |
| 2081 | -1134 | -737 |
| 2082 | -1172 | -764 |
| 2083 | -1209 | -792 |
| 2084 | -1248 | -821 |
| 2085 | -1287 | -850 |
| 2086 | -1327 | -879 |
| 2087 | -1368 | -909 |
| 2088 | -1409 | -939 |
| 2089 | -1450 | -969 |
| 2090 | -1491 | -999 |
| 2091 | -1532 | -1028 |
| 2092 | -1573 | -1058 |
| 2093 | -1612 | -1086 |
| 2094 | -1651 | -1114 |
| 2095 | -1689 | -1142 |
| 2096 | -1727 | -1170 |
| 2097 | -1764 | -1197 |
| 2098 | -1801 | -1224 |
| 2099 | -1838 | -1250 |
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