Proposed Provision: Increase the taxable maximum by an additional 2 percent per year beginning in 2014 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
2012340340
2013329329
2014315315
2015302302
2016290290
2017277279
2018265268
2019253257
2020240246
2021227234
2022212221
2023197208
2024181194
2025164180
2026147165
2027129149
2028110133
202990117
20307099
20314981
20322763
2033544
2034-1826
2035-416
2036-65-13
2037-89-33
2038-114-52
2039-138-72
2040-163-92
2041-189-112
2042-215-132
2043-240-152
2044-266-172
2045-292-192
2046-319-212
2047-346-232
2048-373-253
2049-400-273
2050-428-293
2051-456-314
2052-484-334
2053-512-355
2054-540-376
2055-569-397
2056-598-418
2057-628-440
2058-657-462
2059-688-484
2060-719-507
2061-750-530
2062-782-554
2063-814-578
2064-847-602
2065-880-626
2066-913-651
2067-946-676
2068-980-701
2069-1014-727
2070-1049-752
2071-1084-779
2072-1120-806
2073-1156-833
2074-1193-861
2075-1230-889
2076-1268-918
2077-1307-947
2078-1346-976
2079-1385-1006
2080-1425-1036
2081-1465-1067
2082-1505-1098
2083-1547-1129
2084-1588-1161
2085-1631-1194
2086-1673-1227
2087-1717-1260
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