Proposed Provision: F4. Expand covered earnings to include contributions to voluntary salary reduction plans (such as Cafeteria 125 plans and Flexible Spending Accounts). Starting in 2024, subject these contributions to the OASDI payroll tax, making the payroll tax treatment of these contributions like 401(k) contributions.

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

Year Current Law Provision
2023204204
2024187187
2025168170
2026149154
2027131139
2028114123
202996108
20307893
20316077
20324362
20332546
2034730
2035-1214
2036-31-2
2037-51-19
2038-70-36
2039-91-54
2040-112-72
2041-133-91
2042-154-109
2043-176-128
2044-198-147
2045-220-166
2046-243-185
2047-265-205
2048-288-224
2049-311-244
2050-333-264
2051-357-284
2052-380-304
2053-403-325
2054-427-345
2055-450-366
2056-474-387
2057-498-408
2058-522-429
2059-547-451
2060-572-473
2061-597-496
2062-623-519
2063-650-543
2064-677-567
2065-705-592
2066-733-617
2067-762-643
2068-791-669
2069-820-695
2070-850-722
2071-880-749
2072-911-777
2073-942-805
2074-974-833
2075-1006-862
2076-1039-892
2077-1074-923
2078-1108-954
2079-1144-987
2080-1181-1020
2081-1218-1053
2082-1256-1087
2083-1294-1122
2084-1333-1157
2085-1373-1192
2086-1413-1228
2087-1453-1264
2088-1494-1300
2089-1534-1336
2090-1574-1371
2091-1613-1407
2092-1651-1441
2093-1689-1475
2094-1726-1508
2095-1762-1540
2096-1798-1572
2097-1833-1604
2098-1868-1635
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