Proposed Provision: B3.13. For retired worker beneficiaries newly eligible in 2023 (excluding disabled workers), add a new bend point at the wage-indexed equivalent of the 50th percentile of the AIME distribution minus $100 (for 2015 eligibility) and change the PIA factors to 95/32/15/5. Also move the current-law first bend point from the wage-indexed equivalent of $826 in 2015 to $1,050 in 2015. Phase this provision in over 10 years (2023-2032). The phase-in would work on a weighted-average basis: 90% of CL formula + 10% of proposal formula for 2023, 80% of CL formula + 20% of proposal formula for 2024, and so on.

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

Year Present Law Provision
2016303303
2017293293
2018277277
2019262262
2020246246
2021231231
2022216216
2023200200
2024183183
2025165165
2026149149
2027132132
2028115115
20299898
20308181
20316463
20324645
20332727
203488
2035-11-12
2036-30-31
2037-50-51
2038-71-71
2039-91-92
2040-112-113
2041-133-134
2042-154-155
2043-176-176
2044-197-198
2045-218-219
2046-240-240
2047-262-262
2048-283-283
2049-305-305
2050-327-326
2051-349-348
2052-371-370
2053-393-391
2054-415-413
2055-437-435
2056-460-457
2057-482-480
2058-506-503
2059-529-526
2060-553-550
2061-578-574
2062-603-598
2063-628-623
2064-654-649
2065-680-675
2066-706-701
2067-733-727
2068-760-754
2069-788-782
2070-816-809
2071-845-838
2072-874-867
2073-905-897
2074-935-927
2075-967-959
2076-1000-991
2077-1033-1024
2078-1068-1058
2079-1102-1092
2080-1138-1127
2081-1173-1162
2082-1208-1197
2083-1243-1231
2084-1279-1266
2085-1314-1301
2086-1349-1335
2087-1384-1370
2088-1419-1405
2089-1455-1440
2090-1491-1476
2091-1528-1512
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