Proposed Provision: Increase the taxable maximum by an additional 2 percent per year beginning in 2013 until taxable earnings equal 90 percent of covered earnings. Provide benefit credit for earnings up to the revised taxable maximum levels. 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 |
Present Law |
Provision |
| 2011 | 353 | 353 |
| 2012 | 347 | 347 |
| 2013 | 341 | 341 |
| 2014 | 334 | 334 |
| 2015 | 328 | 328 |
| 2016 | 321 | 323 |
| 2017 | 314 | 317 |
| 2018 | 306 | 310 |
| 2019 | 296 | 301 |
| 2020 | 284 | 292 |
| 2021 | 272 | 281 |
| 2022 | 259 | 270 |
| 2023 | 245 | 258 |
| 2024 | 230 | 246 |
| 2025 | 214 | 233 |
| 2026 | 198 | 220 |
| 2027 | 181 | 206 |
| 2028 | 164 | 192 |
| 2029 | 145 | 177 |
| 2030 | 127 | 162 |
| 2031 | 107 | 146 |
| 2032 | 87 | 130 |
| 2033 | 67 | 114 |
| 2034 | 46 | 98 |
| 2035 | 25 | 81 |
| 2036 | 4 | 65 |
| 2037 | -18 | 48 |
| 2038 | -40 | 31 |
| 2039 | -62 | 15 |
| 2040 | -85 | -2 |
| 2041 | -108 | -18 |
| 2042 | -130 | -35 |
| 2043 | -153 | -51 |
| 2044 | -176 | -67 |
| 2045 | -200 | -84 |
| 2046 | -223 | -100 |
| 2047 | -247 | -116 |
| 2048 | -271 | -133 |
| 2049 | -295 | -149 |
| 2050 | -319 | -165 |
| 2051 | -343 | -181 |
| 2052 | -368 | -198 |
| 2053 | -393 | -214 |
| 2054 | -418 | -231 |
| 2055 | -443 | -248 |
| 2056 | -468 | -265 |
| 2057 | -494 | -282 |
| 2058 | -521 | -300 |
| 2059 | -548 | -318 |
| 2060 | -575 | -336 |
| 2061 | -602 | -355 |
| 2062 | -630 | -374 |
| 2063 | -659 | -393 |
| 2064 | -687 | -412 |
| 2065 | -716 | -432 |
| 2066 | -746 | -452 |
| 2067 | -775 | -472 |
| 2068 | -805 | -492 |
| 2069 | -835 | -513 |
| 2070 | -866 | -534 |
| 2071 | -897 | -555 |
| 2072 | -928 | -577 |
| 2073 | -960 | -599 |
| 2074 | -992 | -621 |
| 2075 | -1025 | -644 |
| 2076 | -1058 | -667 |
| 2077 | -1092 | -691 |
| 2078 | -1126 | -715 |
| 2079 | -1161 | -740 |
| 2080 | -1196 | -764 |
| 2081 | -1232 | -790 |
| 2082 | -1268 | -815 |
| 2083 | -1305 | -841 |
| 2084 | -1342 | -868 |
| 2085 | -1380 | -895 |
| 2086 | -1419 | -923 |
back