Proposed Provision: Beginning with those newly eligible for OASDI benefits in 2025, gradually reduce the 15 percent PIA formula factor in each year so that it reaches 10 percent for those newly eligible in 2054 and later.

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

Year Present Law Provision
2012340340
2013329329
2014315315
2015302302
2016290290
2017277277
2018265265
2019253253
2020240240
2021227227
2022212212
2023197197
2024181181
2025164164
2026147147
2027129129
2028110110
20299090
20307070
20314949
20322727
203355
2034-18-18
2035-41-41
2036-65-65
2037-89-89
2038-114-113
2039-138-138
2040-163-163
2041-189-188
2042-215-214
2043-240-240
2044-266-265
2045-292-291
2046-319-318
2047-346-345
2048-373-371
2049-400-399
2050-428-426
2051-456-454
2052-484-481
2053-512-509
2054-540-537
2055-569-566
2056-598-595
2057-628-624
2058-657-653
2059-688-684
2060-719-714
2061-750-745
2062-782-776
2063-814-808
2064-847-840
2065-880-873
2066-913-905
2067-946-938
2068-980-971
2069-1014-1004
2070-1049-1038
2071-1084-1072
2072-1120-1107
2073-1156-1143
2074-1193-1179
2075-1230-1215
2076-1268-1252
2077-1307-1290
2078-1346-1328
2079-1385-1366
2080-1425-1405
2081-1465-1444
2082-1505-1484
2083-1547-1524
2084-1588-1565
2085-1631-1606
2086-1673-1648
2087-1717-1690
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