Proposed Provision: E3.17. Beginning in 2018, 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 |
Present Law |
Provision |
2016 | 303 | 303 |
2017 | 293 | 293 |
2018 | 277 | 277 |
2019 | 262 | 262 |
2020 | 246 | 248 |
2021 | 231 | 234 |
2022 | 216 | 221 |
2023 | 200 | 207 |
2024 | 183 | 192 |
2025 | 165 | 178 |
2026 | 149 | 164 |
2027 | 132 | 151 |
2028 | 115 | 138 |
2029 | 98 | 125 |
2030 | 81 | 112 |
2031 | 64 | 100 |
2032 | 46 | 87 |
2033 | 27 | 73 |
2034 | 8 | 60 |
2035 | -11 | 47 |
2036 | -30 | 33 |
2037 | -50 | 20 |
2038 | -71 | 6 |
2039 | -91 | -8 |
2040 | -112 | -21 |
2041 | -133 | -35 |
2042 | -154 | -48 |
2043 | -176 | -62 |
2044 | -197 | -75 |
2045 | -218 | -88 |
2046 | -240 | -101 |
2047 | -262 | -113 |
2048 | -283 | -126 |
2049 | -305 | -138 |
2050 | -327 | -151 |
2051 | -349 | -163 |
2052 | -371 | -175 |
2053 | -393 | -188 |
2054 | -415 | -200 |
2055 | -437 | -212 |
2056 | -460 | -225 |
2057 | -482 | -237 |
2058 | -506 | -250 |
2059 | -529 | -263 |
2060 | -553 | -277 |
2061 | -578 | -291 |
2062 | -603 | -305 |
2063 | -628 | -319 |
2064 | -654 | -334 |
2065 | -680 | -349 |
2066 | -706 | -364 |
2067 | -733 | -380 |
2068 | -760 | -396 |
2069 | -788 | -412 |
2070 | -816 | -429 |
2071 | -845 | -446 |
2072 | -874 | -463 |
2073 | -905 | -481 |
2074 | -935 | -499 |
2075 | -967 | -518 |
2076 | -1000 | -537 |
2077 | -1033 | -557 |
2078 | -1068 | -577 |
2079 | -1102 | -598 |
2080 | -1138 | -618 |
2081 | -1173 | -639 |
2082 | -1208 | -660 |
2083 | -1243 | -681 |
2084 | -1279 | -701 |
2085 | -1314 | -722 |
2086 | -1349 | -742 |
2087 | -1384 | -763 |
2088 | -1419 | -784 |
2089 | -1455 | -805 |
2090 | -1491 | -827 |
2091 | -1528 | -849 |
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