Proposed Provision: Beginning with those newly eligible for OASDI benefits in 2024, gradually reduce the 15 percent PIA formula factor in each year so that it reaches 10 percent for those newly eligible in 2053 and later.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2011 | 353 | 353 |
| 2012 | 347 | 347 |
| 2013 | 341 | 341 |
| 2014 | 334 | 334 |
| 2015 | 328 | 328 |
| 2016 | 321 | 321 |
| 2017 | 314 | 314 |
| 2018 | 306 | 306 |
| 2019 | 296 | 296 |
| 2020 | 284 | 284 |
| 2021 | 272 | 272 |
| 2022 | 259 | 259 |
| 2023 | 245 | 245 |
| 2024 | 230 | 230 |
| 2025 | 214 | 214 |
| 2026 | 198 | 198 |
| 2027 | 181 | 181 |
| 2028 | 164 | 164 |
| 2029 | 145 | 145 |
| 2030 | 127 | 127 |
| 2031 | 107 | 107 |
| 2032 | 87 | 87 |
| 2033 | 67 | 67 |
| 2034 | 46 | 46 |
| 2035 | 25 | 25 |
| 2036 | 4 | 4 |
| 2037 | -18 | -18 |
| 2038 | -40 | -40 |
| 2039 | -62 | -62 |
| 2040 | -85 | -84 |
| 2041 | -108 | -107 |
| 2042 | -130 | -129 |
| 2043 | -153 | -152 |
| 2044 | -176 | -175 |
| 2045 | -200 | -198 |
| 2046 | -223 | -221 |
| 2047 | -247 | -245 |
| 2048 | -271 | -268 |
| 2049 | -295 | -292 |
| 2050 | -319 | -316 |
| 2051 | -343 | -340 |
| 2052 | -368 | -364 |
| 2053 | -393 | -389 |
| 2054 | -418 | -413 |
| 2055 | -443 | -438 |
| 2056 | -468 | -463 |
| 2057 | -494 | -489 |
| 2058 | -521 | -515 |
| 2059 | -548 | -541 |
| 2060 | -575 | -568 |
| 2061 | -602 | -595 |
| 2062 | -630 | -622 |
| 2063 | -659 | -650 |
| 2064 | -687 | -678 |
| 2065 | -716 | -706 |
| 2066 | -746 | -735 |
| 2067 | -775 | -764 |
| 2068 | -805 | -793 |
| 2069 | -835 | -822 |
| 2070 | -866 | -852 |
| 2071 | -897 | -882 |
| 2072 | -928 | -912 |
| 2073 | -960 | -943 |
| 2074 | -992 | -974 |
| 2075 | -1025 | -1006 |
| 2076 | -1058 | -1039 |
| 2077 | -1092 | -1071 |
| 2078 | -1126 | -1105 |
| 2079 | -1161 | -1138 |
| 2080 | -1196 | -1173 |
| 2081 | -1232 | -1207 |
| 2082 | -1268 | -1242 |
| 2083 | -1305 | -1278 |
| 2084 | -1342 | -1314 |
| 2085 | -1380 | -1351 |
| 2086 | -1419 | -1388 |
back