Proposed Provision: B1.4. Progressive price indexing (50th percentile) of PIA factors beginning with individuals newly eligible for OASDI benefits in 2031: Create a new bend point at the 50th percentile of the AIME distribution of newly retired workers. Maintain current-law benefits for earners at the 50th percentile and below. Reduce the 32 and 15 percent factors above the 50th 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
2039-60-60
2040-78-77
2041-96-95
2042-115-114
2043-135-133
2044-154-152
2045-174-171
2046-194-190
2047-215-210
2048-235-229
2049-256-249
2050-277-269
2051-299-288
2052-320-308
2053-342-328
2054-364-348
2055-386-368
2056-409-388
2057-431-408
2058-455-429
2059-478-449
2060-502-470
2061-527-492
2062-553-513
2063-579-535
2064-605-558
2065-632-580
2066-660-603
2067-688-626
2068-716-649
2069-745-673
2070-774-696
2071-803-720
2072-834-744
2073-864-769
2074-895-793
2075-927-818
2076-960-844
2077-993-870
2078-1027-897
2079-1062-924
2080-1098-952
2081-1134-980
2082-1172-1008
2083-1209-1037
2084-1248-1066
2085-1287-1095
2086-1327-1124
2087-1368-1153
2088-1409-1183
2089-1450-1212
2090-1491-1240
2091-1532-1268
2092-1573-1295
2093-1612-1322
2094-1651-1347
2095-1689-1371
2096-1727-1395
2097-1764-1418
2098-1801-1440
2099-1838-1462
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