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
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
2041-96-96
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
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