Proposed Provision: B3.13. For retired worker beneficiaries newly eligible in 2029 (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 $1,024 in 2022 to $1,302 in 2022. Phase this provision in over 10 years (2029-2038). The phase-in would work on a weighted-average basis: 90% of CL formula + 10% of proposal formula for 2029, 80% of CL formula + 20% of proposal formula for 2030, and so on.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2022 | 230 | 230 |
| 2023 | 211 | 211 |
| 2024 | 194 | 194 |
| 2025 | 177 | 177 |
| 2026 | 160 | 160 |
| 2027 | 143 | 143 |
| 2028 | 126 | 126 |
| 2029 | 109 | 109 |
| 2030 | 91 | 91 |
| 2031 | 74 | 74 |
| 2032 | 57 | 57 |
| 2033 | 39 | 39 |
| 2034 | 21 | 21 |
| 2035 | 3 | 3 |
| 2036 | -16 | -16 |
| 2037 | -35 | -35 |
| 2038 | -54 | -55 |
| 2039 | -74 | -75 |
| 2040 | -95 | -95 |
| 2041 | -116 | -116 |
| 2042 | -137 | -137 |
| 2043 | -158 | -159 |
| 2044 | -180 | -181 |
| 2045 | -202 | -202 |
| 2046 | -224 | -225 |
| 2047 | -246 | -247 |
| 2048 | -268 | -269 |
| 2049 | -291 | -292 |
| 2050 | -313 | -314 |
| 2051 | -336 | -337 |
| 2052 | -359 | -360 |
| 2053 | -383 | -383 |
| 2054 | -406 | -406 |
| 2055 | -430 | -429 |
| 2056 | -453 | -453 |
| 2057 | -477 | -476 |
| 2058 | -501 | -500 |
| 2059 | -525 | -524 |
| 2060 | -550 | -548 |
| 2061 | -575 | -573 |
| 2062 | -601 | -598 |
| 2063 | -627 | -624 |
| 2064 | -654 | -650 |
| 2065 | -681 | -677 |
| 2066 | -708 | -704 |
| 2067 | -736 | -731 |
| 2068 | -764 | -758 |
| 2069 | -792 | -786 |
| 2070 | -821 | -814 |
| 2071 | -850 | -843 |
| 2072 | -880 | -872 |
| 2073 | -910 | -901 |
| 2074 | -940 | -931 |
| 2075 | -971 | -961 |
| 2076 | -1003 | -992 |
| 2077 | -1036 | -1024 |
| 2078 | -1069 | -1057 |
| 2079 | -1104 | -1091 |
| 2080 | -1139 | -1126 |
| 2081 | -1175 | -1161 |
| 2082 | -1212 | -1197 |
| 2083 | -1249 | -1233 |
| 2084 | -1286 | -1270 |
| 2085 | -1324 | -1307 |
| 2086 | -1363 | -1345 |
| 2087 | -1402 | -1384 |
| 2088 | -1442 | -1422 |
| 2089 | -1481 | -1461 |
| 2090 | -1520 | -1498 |
| 2091 | -1558 | -1536 |
| 2092 | -1595 | -1572 |
| 2093 | -1632 | -1608 |
| 2094 | -1668 | -1643 |
| 2095 | -1703 | -1678 |
| 2096 | -1738 | -1712 |
| 2097 | -1773 | -1745 |
back