Proposed Provision: B3.13. For retired worker beneficiaries newly eligible in 2026 (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 $926 in 2019 to $1,177 in 2019. Phase this provision in over 10 years (2026-2035). The phase-in would work on a weighted-average basis: 90% of CL formula + 10% of proposal formula for 2026, 80% of CL formula + 20% of proposal formula for 2027, and so on.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2019 | 273 | 273 |
| 2020 | 260 | 260 |
| 2021 | 245 | 245 |
| 2022 | 229 | 229 |
| 2023 | 213 | 213 |
| 2024 | 197 | 197 |
| 2025 | 180 | 180 |
| 2026 | 163 | 163 |
| 2027 | 147 | 147 |
| 2028 | 130 | 130 |
| 2029 | 114 | 114 |
| 2030 | 97 | 97 |
| 2031 | 80 | 80 |
| 2032 | 63 | 63 |
| 2033 | 46 | 46 |
| 2034 | 28 | 28 |
| 2035 | 10 | 9 |
| 2036 | -9 | -9 |
| 2037 | -28 | -28 |
| 2038 | -47 | -48 |
| 2039 | -67 | -68 |
| 2040 | -87 | -88 |
| 2041 | -108 | -108 |
| 2042 | -129 | -129 |
| 2043 | -150 | -150 |
| 2044 | -171 | -171 |
| 2045 | -192 | -192 |
| 2046 | -213 | -213 |
| 2047 | -234 | -233 |
| 2048 | -255 | -254 |
| 2049 | -276 | -275 |
| 2050 | -297 | -295 |
| 2051 | -318 | -316 |
| 2052 | -338 | -336 |
| 2053 | -359 | -357 |
| 2054 | -380 | -377 |
| 2055 | -401 | -398 |
| 2056 | -422 | -418 |
| 2057 | -444 | -439 |
| 2058 | -465 | -460 |
| 2059 | -487 | -481 |
| 2060 | -509 | -502 |
| 2061 | -531 | -524 |
| 2062 | -554 | -546 |
| 2063 | -577 | -568 |
| 2064 | -601 | -591 |
| 2065 | -625 | -614 |
| 2066 | -649 | -638 |
| 2067 | -674 | -661 |
| 2068 | -699 | -685 |
| 2069 | -724 | -710 |
| 2070 | -749 | -735 |
| 2071 | -776 | -760 |
| 2072 | -802 | -786 |
| 2073 | -830 | -812 |
| 2074 | -857 | -839 |
| 2075 | -885 | -866 |
| 2076 | -914 | -894 |
| 2077 | -944 | -923 |
| 2078 | -975 | -953 |
| 2079 | -1007 | -984 |
| 2080 | -1039 | -1015 |
| 2081 | -1072 | -1047 |
| 2082 | -1106 | -1079 |
| 2083 | -1139 | -1112 |
| 2084 | -1173 | -1145 |
| 2085 | -1207 | -1178 |
| 2086 | -1242 | -1211 |
| 2087 | -1275 | -1244 |
| 2088 | -1309 | -1276 |
| 2089 | -1342 | -1308 |
| 2090 | -1375 | -1340 |
| 2091 | -1407 | -1371 |
| 2092 | -1439 | -1402 |
| 2093 | -1471 | -1433 |
| 2094 | -1503 | -1464 |
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