Proposed Provision: Beginning in 2011, make all earnings subject to the OASDI payroll tax and give benefit credit using an PIA formula that is extended to provide less credit for those with AIMEs higher than the current-law maximum AIME level. The high end of the benefit formula, applied to 2009, would be: 15 percent of AIME between $4,483 and $8,900 ($106,800 divided by 12), plus 3 percent of AIME over $8,900.

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

Year Present Law Provision
2010355355
2011353353
2012350366
2013346376
2014341387
2015335398
2016330408
2017324417
2018317425
2019309432
2020299437
2021289440
2022277443
2023264444
2024251444
2025237443
2026221442
2027205440
2028189437
2029171435
2030154432
2031136429
2032117425
203398422
203479419
203559416
203639413
203719410
2038-1408
2039-21406
2040-42405
2041-63403
2042-84402
2043-105402
2044-126401
2045-147400
2046-168400
2047-189400
2048-211399
2049-233399
2050-255399
2051-277399
2052-299399
2053-321398
2054-344397
2055-366397
2056-389395
2057-412394
2058-436393
2059-460391
2060-485390
2061-509388
2062-534386
2063-560384
2064-586382
2065-612379
2066-638377
2067-665374
2068-692370
2069-720367
2070-748363
2071-776359
2072-805355
2073-834350
2074-864346
2075-894341
2076-925335
2077-957330
2078-989324
2079-1021318
2080-1054312
2081-1087305
2082-1121298
2083-1156291
2084-1191284
2085-1227276
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