Proposed Provision: Create a new bend point at the 50th percentile of new retired and disabled worker entitlements. Beginning for those newly eligible in 2017, do the following: a) reduce the 32 percent PIA formula factor below the new bend point to 30 percent by 2050; b) reduce the 32 percent PIA factor above the new bend point to 10 percent by 2050; and c) reduce the 15 percent factor to 5 percent by 2050.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Present Law Provision
2010355355
2011353353
2012350350
2013346346
2014341341
2015335335
2016330330
2017324324
2018317317
2019309309
2020299300
2021289290
2022277279
2023264267
2024251254
2025237241
2026221227
2027205212
2028189196
2029171181
2030154164
2031136148
2032117131
203398114
20347997
20355980
20363963
20371946
2038-128
2039-2111
2040-42-6
2041-63-23
2042-84-40
2043-105-56
2044-126-73
2045-147-89
2046-168-105
2047-189-121
2048-211-137
2049-233-153
2050-255-169
2051-277-184
2052-299-200
2053-321-215
2054-344-230
2055-366-244
2056-389-259
2057-412-274
2058-436-289
2059-460-304
2060-485-319
2061-509-334
2062-534-349
2063-560-364
2064-586-379
2065-612-394
2066-638-410
2067-665-425
2068-692-440
2069-720-456
2070-748-472
2071-776-488
2072-805-504
2073-834-521
2074-864-538
2075-894-555
2076-925-572
2077-957-590
2078-989-608
2079-1021-627
2080-1054-645
2081-1087-664
2082-1121-684
2083-1156-704
2084-1191-724
2085-1227-744
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