Proposed Provision: Beginning with those newly eligible for OASDI benefits in 2013, use a modified primary insurance amount (PIA) formula. The modified formula: (1) increases the first bend point to the equivalent of $800 in 2009; (2) places a new bend point 75 percent of the way between the reset first bend point and the current-law second bend point; (3) lowers the PIA factor between the new bend point and the upper bend point from 32 percent to 20 percent; and (4) lowers the factor above the upper bend point from 15 percent to 10 percent.

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

Year Present Law Provision
2012340340
2013329329
2014315316
2015302302
2016290290
2017277278
2018265267
2019253256
2020240243
2021227231
2022212217
2023197203
2024181187
2025164172
2026147155
2027129138
2028110120
202990102
20307083
20314963
20322742
2033521
2034-180
2035-41-22
2036-65-45
2037-89-67
2038-114-90
2039-138-113
2040-163-137
2041-189-161
2042-215-185
2043-240-209
2044-266-233
2045-292-257
2046-319-282
2047-346-307
2048-373-332
2049-400-357
2050-428-383
2051-456-409
2052-484-435
2053-512-461
2054-540-487
2055-569-514
2056-598-541
2057-628-569
2058-657-597
2059-688-625
2060-719-654
2061-750-683
2062-782-713
2063-814-743
2064-847-774
2065-880-804
2066-913-835
2067-946-867
2068-980-898
2069-1014-930
2070-1049-963
2071-1084-996
2072-1120-1029
2073-1156-1064
2074-1193-1098
2075-1230-1133
2076-1268-1169
2077-1307-1205
2078-1346-1242
2079-1385-1279
2080-1425-1316
2081-1465-1354
2082-1505-1392
2083-1547-1431
2084-1588-1470
2085-1631-1510
2086-1673-1551
2087-1717-1592
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