Proposed Provision: Beginning with those newly eligible for OASDI benefits in 2026, gradually reduce the 15 percent PIA formula factor in each year so that it reaches 10 percent for those newly eligible in 2055 and later.

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

Year Present Law Provision
2013330330
2014315315
2015301301
2016286286
2017271271
2018257257
2019244244
2020231231
2021218218
2022204204
2023189189
2024173173
2025158158
2026142142
2027125125
2028108108
20299090
20307171
20315252
20323132
20331111
2034-11-11
2035-32-32
2036-55-55
2037-78-77
2038-101-100
2039-124-124
2040-148-148
2041-172-171
2042-196-196
2043-220-220
2044-245-244
2045-269-269
2046-294-293
2047-319-318
2048-345-344
2049-371-369
2050-397-395
2051-423-421
2052-449-447
2053-476-474
2054-502-500
2055-530-527
2056-557-554
2057-585-582
2058-613-610
2059-642-638
2060-671-667
2061-701-697
2062-732-727
2063-763-757
2064-794-788
2065-826-820
2066-859-851
2067-892-884
2068-925-916
2069-959-949
2070-993-983
2071-1028-1018
2072-1064-1053
2073-1101-1089
2074-1139-1126
2075-1178-1164
2076-1217-1202
2077-1258-1242
2078-1299-1282
2079-1340-1322
2080-1382-1363
2081-1424-1404
2082-1466-1445
2083-1508-1486
2084-1550-1526
2085-1592-1568
2086-1635-1609
2087-1678-1651
2088-1722-1694
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