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
2024188188
2025171171
2026152152
2027134134
2028117117
2029101101
20308484
20316868
20325353
20333737
20342222
203577
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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