Proposed Provision: F4. Expand covered earnings to include contributions to voluntary salary reduction plans (such as Cafeteria 125 plans and Flexible Spending Accounts). Starting in 2025, subject these contributions to the OASDI payroll tax, making the payroll tax treatment of these contributions like 401(k) contributions.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2024 | 188 | 188 |
| 2025 | 171 | 171 |
| 2026 | 152 | 154 |
| 2027 | 134 | 139 |
| 2028 | 117 | 124 |
| 2029 | 101 | 110 |
| 2030 | 84 | 96 |
| 2031 | 68 | 83 |
| 2032 | 53 | 69 |
| 2033 | 37 | 56 |
| 2034 | 22 | 44 |
| 2035 | 7 | 31 |
| 2036 | -9 | 17 |
| 2037 | -26 | 3 |
| 2038 | -43 | -11 |
| 2039 | -60 | -26 |
| 2040 | -78 | -41 |
| 2041 | -96 | -57 |
| 2042 | -115 | -73 |
| 2043 | -135 | -89 |
| 2044 | -154 | -106 |
| 2045 | -174 | -123 |
| 2046 | -194 | -140 |
| 2047 | -215 | -158 |
| 2048 | -235 | -175 |
| 2049 | -256 | -193 |
| 2050 | -277 | -211 |
| 2051 | -299 | -230 |
| 2052 | -320 | -248 |
| 2053 | -342 | -267 |
| 2054 | -364 | -286 |
| 2055 | -386 | -305 |
| 2056 | -409 | -325 |
| 2057 | -431 | -345 |
| 2058 | -455 | -365 |
| 2059 | -478 | -386 |
| 2060 | -502 | -407 |
| 2061 | -527 | -429 |
| 2062 | -553 | -452 |
| 2063 | -579 | -475 |
| 2064 | -605 | -498 |
| 2065 | -632 | -522 |
| 2066 | -660 | -546 |
| 2067 | -688 | -571 |
| 2068 | -716 | -596 |
| 2069 | -745 | -622 |
| 2070 | -774 | -648 |
| 2071 | -803 | -675 |
| 2072 | -834 | -702 |
| 2073 | -864 | -729 |
| 2074 | -895 | -757 |
| 2075 | -927 | -786 |
| 2076 | -960 | -815 |
| 2077 | -993 | -845 |
| 2078 | -1027 | -876 |
| 2079 | -1062 | -907 |
| 2080 | -1098 | -939 |
| 2081 | -1134 | -972 |
| 2082 | -1172 | -1005 |
| 2083 | -1209 | -1039 |
| 2084 | -1248 | -1074 |
| 2085 | -1287 | -1109 |
| 2086 | -1327 | -1145 |
| 2087 | -1368 | -1181 |
| 2088 | -1409 | -1218 |
| 2089 | -1450 | -1255 |
| 2090 | -1491 | -1291 |
| 2091 | -1532 | -1328 |
| 2092 | -1573 | -1364 |
| 2093 | -1612 | -1399 |
| 2094 | -1651 | -1434 |
| 2095 | -1689 | -1468 |
| 2096 | -1727 | -1501 |
| 2097 | -1764 | -1535 |
| 2098 | -1801 | -1568 |
| 2099 | -1838 | -1600 |
back