Proposed Provision: E3.17. Beginning in 2024, increase the taxable maximum by twice the rate of increase in the national Average Wage Index, but never by less than 3 percent. Provide benefit credit for earnings up to the revised taxable maximum levels.
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 | 178 |
| 2026 | 160 | 162 |
| 2027 | 143 | 147 |
| 2028 | 126 | 132 |
| 2029 | 109 | 117 |
| 2030 | 91 | 103 |
| 2031 | 74 | 89 |
| 2032 | 57 | 75 |
| 2033 | 39 | 61 |
| 2034 | 21 | 48 |
| 2035 | 3 | 34 |
| 2036 | -16 | 20 |
| 2037 | -35 | 6 |
| 2038 | -54 | -8 |
| 2039 | -74 | -23 |
| 2040 | -95 | -37 |
| 2041 | -116 | -52 |
| 2042 | -137 | -66 |
| 2043 | -158 | -81 |
| 2044 | -180 | -96 |
| 2045 | -202 | -110 |
| 2046 | -224 | -125 |
| 2047 | -246 | -140 |
| 2048 | -268 | -154 |
| 2049 | -291 | -169 |
| 2050 | -313 | -184 |
| 2051 | -336 | -198 |
| 2052 | -359 | -213 |
| 2053 | -383 | -228 |
| 2054 | -406 | -243 |
| 2055 | -430 | -258 |
| 2056 | -453 | -273 |
| 2057 | -477 | -289 |
| 2058 | -501 | -304 |
| 2059 | -525 | -320 |
| 2060 | -550 | -336 |
| 2061 | -575 | -352 |
| 2062 | -601 | -369 |
| 2063 | -627 | -386 |
| 2064 | -654 | -403 |
| 2065 | -681 | -421 |
| 2066 | -708 | -439 |
| 2067 | -736 | -457 |
| 2068 | -764 | -476 |
| 2069 | -792 | -495 |
| 2070 | -821 | -514 |
| 2071 | -850 | -534 |
| 2072 | -880 | -553 |
| 2073 | -910 | -574 |
| 2074 | -940 | -594 |
| 2075 | -971 | -615 |
| 2076 | -1003 | -637 |
| 2077 | -1036 | -659 |
| 2078 | -1069 | -682 |
| 2079 | -1104 | -705 |
| 2080 | -1139 | -729 |
| 2081 | -1175 | -753 |
| 2082 | -1212 | -778 |
| 2083 | -1249 | -803 |
| 2084 | -1286 | -829 |
| 2085 | -1324 | -854 |
| 2086 | -1363 | -880 |
| 2087 | -1402 | -906 |
| 2088 | -1442 | -932 |
| 2089 | -1481 | -958 |
| 2090 | -1520 | -983 |
| 2091 | -1558 | -1008 |
| 2092 | -1595 | -1033 |
| 2093 | -1632 | -1057 |
| 2094 | -1668 | -1080 |
| 2095 | -1703 | -1103 |
| 2096 | -1738 | -1126 |
| 2097 | -1773 | -1148 |
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