Proposed Provision: For all individuals becoming eligible for OASDI benefits in 2009 and later, use a modified primary insurance amount (PIA) formula. The modified formula would increase the first bend point to $800 in 2009. Also, a new bend point would be placed between the reset first bend point and the current-law second bend point. The new bend point would be equal to the reset first bend point plus 75 percent of the difference between the bend points. The PIA formula factor between the new bend point and the upper bend point would be lowered from 32% to 20%. The PIA formula factor above the upper bend point would be lowered from 15% to 10%.

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

Year Present Law Provision
2008359359
2009369369
2010378379
2011386388
2012392394
2013394397
2014395399
2015393399
2016390398
2017385394
2018378390
2019371384
2020361377
2021351369
2022341360
2023329350
2024316339
2025302327
2026287314
2027272300
2028256286
2029239271
2030221255
2031203239
2032185223
2033166206
2034147189
2035127172
2036108154
203788137
203867119
203947101
20402683
2041665
2042-1546
2043-3628
2044-5710
2045-78-9
2046-100-28
2047-121-46
2048-143-65
2049-165-85
2050-187-104
2051-209-123
2052-232-143
2053-254-163
2054-277-183
2055-300-204
2056-324-224
2057-347-245
2058-372-267
2059-396-289
2060-421-311
2061-447-333
2062-472-356
2063-498-379
2064-525-403
2065-552-427
2066-579-451
2067-607-476
2068-635-501
2069-664-527
2070-693-553
2071-722-579
2072-752-606
2073-782-633
2074-813-661
2075-845-689
2076-876-718
2077-909-747
2078-942-777
2079-975-807
2080-1009-838
2081-1044-869
2082-1079-900
2083-1114-933
2084-1151-966
2085-1188-999
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