Proposed Provision: B3.13. For retired worker beneficiaries newly eligible in 2031 (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 $1,174 in 2023 to $1,493 in 2024. Phase this provision in over 10 years (2031-2040). The phase-in would work on a weighted-average basis: 90% of CL formula + 10% of proposal formula for 2031, 80% of CL formula + 20% of proposal formula for 2032, and so on.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2024 | 188 | 188 |
| 2025 | 171 | 171 |
| 2026 | 152 | 152 |
| 2027 | 134 | 134 |
| 2028 | 117 | 117 |
| 2029 | 101 | 101 |
| 2030 | 84 | 84 |
| 2031 | 68 | 68 |
| 2032 | 53 | 53 |
| 2033 | 37 | 37 |
| 2034 | 22 | 22 |
| 2035 | 7 | 7 |
| 2036 | -9 | -9 |
| 2037 | -26 | -26 |
| 2038 | -43 | -43 |
| 2039 | -60 | -60 |
| 2040 | -78 | -78 |
| 2041 | -96 | -97 |
| 2042 | -115 | -116 |
| 2043 | -135 | -135 |
| 2044 | -154 | -155 |
| 2045 | -174 | -175 |
| 2046 | -194 | -195 |
| 2047 | -215 | -216 |
| 2048 | -235 | -236 |
| 2049 | -256 | -257 |
| 2050 | -277 | -278 |
| 2051 | -299 | -299 |
| 2052 | -320 | -321 |
| 2053 | -342 | -342 |
| 2054 | -364 | -364 |
| 2055 | -386 | -386 |
| 2056 | -409 | -409 |
| 2057 | -431 | -431 |
| 2058 | -455 | -454 |
| 2059 | -478 | -477 |
| 2060 | -502 | -501 |
| 2061 | -527 | -526 |
| 2062 | -553 | -550 |
| 2063 | -579 | -576 |
| 2064 | -605 | -602 |
| 2065 | -632 | -628 |
| 2066 | -660 | -655 |
| 2067 | -688 | -683 |
| 2068 | -716 | -710 |
| 2069 | -745 | -738 |
| 2070 | -774 | -767 |
| 2071 | -803 | -795 |
| 2072 | -834 | -825 |
| 2073 | -864 | -855 |
| 2074 | -895 | -885 |
| 2075 | -927 | -916 |
| 2076 | -960 | -948 |
| 2077 | -993 | -980 |
| 2078 | -1027 | -1014 |
| 2079 | -1062 | -1048 |
| 2080 | -1098 | -1083 |
| 2081 | -1134 | -1118 |
| 2082 | -1172 | -1155 |
| 2083 | -1209 | -1192 |
| 2084 | -1248 | -1229 |
| 2085 | -1287 | -1268 |
| 2086 | -1327 | -1307 |
| 2087 | -1368 | -1346 |
| 2088 | -1409 | -1387 |
| 2089 | -1450 | -1427 |
| 2090 | -1491 | -1467 |
| 2091 | -1532 | -1507 |
| 2092 | -1573 | -1546 |
| 2093 | -1612 | -1584 |
| 2094 | -1651 | -1622 |
| 2095 | -1689 | -1659 |
| 2096 | -1727 | -1696 |
| 2097 | -1764 | -1732 |
| 2098 | -1801 | -1768 |
| 2099 | -1838 | -1804 |
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