Proposed Provision: B3.13. For retired worker beneficiaries newly eligible in 2024 (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 $885 in 2017 to $1,125 in 2017. Phase this provision in over 10 years (2024-2033). The phase-in would work on a weighted-average basis: 90% of CL formula + 10% of proposal formula for 2024, 80% of CL formula + 20% of proposal formula for 2025, and so on.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2017 | 298 | 298 |
| 2018 | 287 | 287 |
| 2019 | 273 | 273 |
| 2020 | 259 | 259 |
| 2021 | 245 | 245 |
| 2022 | 230 | 230 |
| 2023 | 215 | 215 |
| 2024 | 199 | 199 |
| 2025 | 182 | 182 |
| 2026 | 165 | 165 |
| 2027 | 148 | 148 |
| 2028 | 130 | 130 |
| 2029 | 112 | 112 |
| 2030 | 94 | 94 |
| 2031 | 75 | 75 |
| 2032 | 56 | 56 |
| 2033 | 37 | 36 |
| 2034 | 16 | 16 |
| 2035 | -4 | -5 |
| 2036 | -26 | -26 |
| 2037 | -47 | -48 |
| 2038 | -70 | -70 |
| 2039 | -92 | -93 |
| 2040 | -115 | -115 |
| 2041 | -138 | -138 |
| 2042 | -161 | -161 |
| 2043 | -184 | -184 |
| 2044 | -207 | -207 |
| 2045 | -230 | -230 |
| 2046 | -253 | -253 |
| 2047 | -276 | -276 |
| 2048 | -300 | -299 |
| 2049 | -323 | -322 |
| 2050 | -346 | -345 |
| 2051 | -370 | -368 |
| 2052 | -393 | -391 |
| 2053 | -417 | -414 |
| 2054 | -440 | -437 |
| 2055 | -464 | -460 |
| 2056 | -487 | -483 |
| 2057 | -511 | -507 |
| 2058 | -536 | -531 |
| 2059 | -560 | -555 |
| 2060 | -585 | -579 |
| 2061 | -611 | -604 |
| 2062 | -637 | -630 |
| 2063 | -663 | -655 |
| 2064 | -690 | -682 |
| 2065 | -717 | -708 |
| 2066 | -745 | -735 |
| 2067 | -772 | -762 |
| 2068 | -801 | -790 |
| 2069 | -829 | -818 |
| 2070 | -858 | -846 |
| 2071 | -888 | -875 |
| 2072 | -918 | -905 |
| 2073 | -949 | -935 |
| 2074 | -981 | -966 |
| 2075 | -1014 | -998 |
| 2076 | -1047 | -1031 |
| 2077 | -1082 | -1065 |
| 2078 | -1117 | -1100 |
| 2079 | -1153 | -1135 |
| 2080 | -1190 | -1171 |
| 2081 | -1227 | -1207 |
| 2082 | -1264 | -1243 |
| 2083 | -1300 | -1279 |
| 2084 | -1337 | -1315 |
| 2085 | -1374 | -1351 |
| 2086 | -1410 | -1386 |
| 2087 | -1446 | -1422 |
| 2088 | -1483 | -1458 |
| 2089 | -1520 | -1494 |
| 2090 | -1557 | -1530 |
| 2091 | -1595 | -1567 |
| 2092 | -1633 | -1605 |
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