Proposed Provision: E3.7. Increase the taxable maximum by an additional 2 percent per year beginning in 2026 until taxable earnings equal 90 percent of covered earnings. Provide benefit credit for earnings up to the revised taxable maximum. Create a new bend point equal to the current-law taxable maximum with a 5 percent formula factor applying above the new bend point.

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

Year Current Law Provision
2024188188
2025171171
2026152152
2027134135
2028117118
2029101102
20308487
20316872
20325358
20333745
20342232
2035718
2036-95
2037-26-9
2038-43-23
2039-60-38
2040-78-52
2041-96-67
2042-115-82
2043-135-97
2044-154-113
2045-174-128
2046-194-144
2047-215-160
2048-235-176
2049-256-191
2050-277-207
2051-299-223
2052-320-239
2053-342-255
2054-364-272
2055-386-288
2056-409-305
2057-431-322
2058-455-339
2059-478-356
2060-502-374
2061-527-392
2062-553-411
2063-579-431
2064-605-450
2065-632-471
2066-660-491
2067-688-512
2068-716-534
2069-745-556
2070-774-578
2071-803-601
2072-834-624
2073-864-648
2074-895-672
2075-927-697
2076-960-723
2077-993-749
2078-1027-776
2079-1062-803
2080-1098-831
2081-1134-860
2082-1172-889
2083-1209-919
2084-1248-950
2085-1287-980
2086-1327-1012
2087-1368-1044
2088-1409-1076
2089-1450-1108
2090-1491-1140
2091-1532-1172
2092-1573-1204
2093-1612-1235
2094-1651-1265
2095-1689-1295
2096-1727-1324
2097-1764-1353
2098-1801-1382
2099-1838-1411
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