Proposed Provision: B1.5. Progressive price indexing (60th percentile) of PIA factors beginning with individuals newly eligible for OASDI benefits in 2031: Create a new bend point at the 60th percentile of the AIME distribution of newly retired workers. Maintain current-law benefits for earners at the 60th percentile and below. Reduce the 32 and 15 percent factors above the 60th 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 | -96 |
2042 | -115 | -114 |
2043 | -135 | -133 |
2044 | -154 | -152 |
2045 | -174 | -172 |
2046 | -194 | -191 |
2047 | -215 | -211 |
2048 | -235 | -231 |
2049 | -256 | -251 |
2050 | -277 | -271 |
2051 | -299 | -291 |
2052 | -320 | -311 |
2053 | -342 | -331 |
2054 | -364 | -352 |
2055 | -386 | -372 |
2056 | -409 | -393 |
2057 | -431 | -414 |
2058 | -455 | -434 |
2059 | -478 | -456 |
2060 | -502 | -477 |
2061 | -527 | -499 |
2062 | -553 | -522 |
2063 | -579 | -545 |
2064 | -605 | -568 |
2065 | -632 | -592 |
2066 | -660 | -615 |
2067 | -688 | -640 |
2068 | -716 | -664 |
2069 | -745 | -688 |
2070 | -774 | -713 |
2071 | -803 | -738 |
2072 | -834 | -763 |
2073 | -864 | -789 |
2074 | -895 | -815 |
2075 | -927 | -841 |
2076 | -960 | -868 |
2077 | -993 | -895 |
2078 | -1027 | -923 |
2079 | -1062 | -952 |
2080 | -1098 | -981 |
2081 | -1134 | -1010 |
2082 | -1172 | -1039 |
2083 | -1209 | -1070 |
2084 | -1248 | -1100 |
2085 | -1287 | -1131 |
2086 | -1327 | -1162 |
2087 | -1368 | -1194 |
2088 | -1409 | -1225 |
2089 | -1450 | -1257 |
2090 | -1491 | -1288 |
2091 | -1532 | -1319 |
2092 | -1573 | -1349 |
2093 | -1612 | -1378 |
2094 | -1651 | -1407 |
2095 | -1689 | -1434 |
2096 | -1727 | -1462 |
2097 | -1764 | -1489 |
2098 | -1801 | -1515 |
2099 | -1838 | -1541 |
back