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 2023, 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
2022230230
2023211211
2024194197
2025177182
2026160168
2027143153
2028126138
2029109123
203091109
20317493
20325778
20333963
20342148
2035332
2036-1616
2037-35-1
2038-54-17
2039-74-35
2040-95-52
2041-116-70
2042-137-88
2043-158-106
2044-180-125
2045-202-144
2046-224-163
2047-246-182
2048-268-201
2049-291-220
2050-313-240
2051-336-259
2052-359-279
2053-383-299
2054-406-320
2055-430-340
2056-453-360
2057-477-381
2058-501-402
2059-525-424
2060-550-445
2061-575-467
2062-601-490
2063-627-513
2064-654-536
2065-681-560
2066-708-585
2067-736-609
2068-764-634
2069-792-659
2070-821-685
2071-850-711
2072-880-737
2073-910-764
2074-940-791
2075-971-819
2076-1003-848
2077-1036-877
2078-1069-907
2079-1104-938
2080-1139-969
2081-1175-1002
2082-1212-1034
2083-1249-1067
2084-1286-1101
2085-1324-1135
2086-1363-1169
2087-1402-1204
2088-1442-1239
2089-1481-1273
2090-1520-1308
2091-1558-1342
2092-1595-1375
2093-1632-1407
2094-1668-1439
2095-1703-1471
2096-1738-1502
2097-1773-1532
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