Proposed Provision: Expand covered earnings to include contributions to voluntary salary reduction plans (such as Cafeteria 125 plans and Flexible Spending Accounts). Starting in 2016, subject these contributions to the OASDI payroll tax, making the payroll tax treatment of these contributions like 401(k) contributions.

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

Year Present Law Provision
2015308308
2016298298
2017280283
2018264269
2019248256
2020233244
2021219232
2022204219
2023189206
2024173193
2025157180
2026142166
2027126153
2028110139
202994125
203077111
20316096
20324281
20332365
2034448
2035-1631
2036-3613
2037-57-5
2038-78-23
2039-100-42
2040-122-61
2041-144-80
2042-166-99
2043-189-119
2044-211-138
2045-234-158
2046-257-178
2047-280-198
2048-303-218
2049-327-239
2050-351-260
2051-375-280
2052-398-301
2053-423-323
2054-447-344
2055-472-366
2056-496-388
2057-522-411
2058-548-434
2059-574-457
2060-601-482
2061-629-506
2062-657-531
2063-685-557
2064-714-583
2065-744-610
2066-774-637
2067-804-664
2068-835-692
2069-867-721
2070-899-750
2071-932-780
2072-965-810
2073-1000-842
2074-1035-874
2075-1072-907
2076-1110-941
2077-1148-976
2078-1188-1011
2079-1228-1047
2080-1268-1084
2081-1309-1120
2082-1350-1157
2083-1391-1193
2084-1432-1230
2085-1472-1267
2086-1514-1304
2087-1555-1341
2088-1597-1379
2089-1640-1417
2090-1683-1456
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