Proposed Provision: B1.2. Progressive price indexing (30th percentile) of PIA factors beginning with individuals newly eligible for OASDI benefits in 2031: Create a new bend point at the 30th percentile of the AIME distribution of newly retired workers. Maintain current-law benefits for earners at the 30th percentile and below. Reduce the 32 and 15 percent factors above the 30th percentile such that the initial benefit for a worker with AIME equal to the taxable maximum grows by inflation rather than the growth in the SSA average wage index.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Current Law |
Provision |
2024 | 188 | 188 |
2025 | 171 | 171 |
2026 | 152 | 152 |
2027 | 134 | 134 |
2028 | 117 | 117 |
2029 | 101 | 101 |
2030 | 84 | 84 |
2031 | 68 | 68 |
2032 | 53 | 53 |
2033 | 37 | 37 |
2034 | 22 | 22 |
2035 | 7 | 7 |
2036 | -9 | -9 |
2037 | -26 | -25 |
2038 | -43 | -42 |
2039 | -60 | -59 |
2040 | -78 | -77 |
2041 | -96 | -95 |
2042 | -115 | -113 |
2043 | -135 | -132 |
2044 | -154 | -150 |
2045 | -174 | -169 |
2046 | -194 | -188 |
2047 | -215 | -207 |
2048 | -235 | -226 |
2049 | -256 | -245 |
2050 | -277 | -264 |
2051 | -299 | -284 |
2052 | -320 | -303 |
2053 | -342 | -322 |
2054 | -364 | -341 |
2055 | -386 | -360 |
2056 | -409 | -379 |
2057 | -431 | -397 |
2058 | -455 | -417 |
2059 | -478 | -436 |
2060 | -502 | -455 |
2061 | -527 | -475 |
2062 | -553 | -495 |
2063 | -579 | -515 |
2064 | -605 | -535 |
2065 | -632 | -556 |
2066 | -660 | -576 |
2067 | -688 | -597 |
2068 | -716 | -617 |
2069 | -745 | -638 |
2070 | -774 | -659 |
2071 | -803 | -680 |
2072 | -834 | -701 |
2073 | -864 | -723 |
2074 | -895 | -744 |
2075 | -927 | -766 |
2076 | -960 | -788 |
2077 | -993 | -811 |
2078 | -1027 | -833 |
2079 | -1062 | -857 |
2080 | -1098 | -880 |
2081 | -1134 | -904 |
2082 | -1172 | -928 |
2083 | -1209 | -952 |
2084 | -1248 | -976 |
2085 | -1287 | -1000 |
2086 | -1327 | -1025 |
2087 | -1368 | -1049 |
2088 | -1409 | -1073 |
2089 | -1450 | -1097 |
2090 | -1491 | -1120 |
2091 | -1532 | -1143 |
2092 | -1573 | -1165 |
2093 | -1612 | -1185 |
2094 | -1651 | -1205 |
2095 | -1689 | -1224 |
2096 | -1727 | -1242 |
2097 | -1764 | -1260 |
2098 | -1801 | -1276 |
2099 | -1838 | -1293 |
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