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 |
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 | -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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