Proposed Provision: Progressive price indexing of PIA formula factors beginning with individuals newly eligible for OASDI benefits in 2012. Create new bend point at the 40th percentile of earners. Maintain current-law benefits for earners at the 40th percentile and below and reduce upper 2 formula factors (32% and 15%) such that maximum worker benefit grows by inflation rather than the growth in average wages.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2005 | 320 | 320 |
2006 | 337 | 337 |
2007 | 355 | 355 |
2008 | 370 | 370 |
2009 | 383 | 383 |
2010 | 394 | 394 |
2011 | 404 | 404 |
2012 | 410 | 410 |
2013 | 415 | 415 |
2014 | 417 | 418 |
2015 | 418 | 419 |
2016 | 416 | 418 |
2017 | 412 | 415 |
2018 | 407 | 411 |
2019 | 401 | 406 |
2020 | 393 | 400 |
2021 | 383 | 393 |
2022 | 372 | 384 |
2023 | 360 | 374 |
2024 | 346 | 364 |
2025 | 332 | 352 |
2026 | 316 | 339 |
2027 | 299 | 326 |
2028 | 282 | 312 |
2029 | 264 | 298 |
2030 | 245 | 284 |
2031 | 225 | 269 |
2032 | 205 | 254 |
2033 | 185 | 238 |
2034 | 164 | 223 |
2035 | 143 | 207 |
2036 | 121 | 192 |
2037 | 99 | 176 |
2038 | 77 | 160 |
2039 | 54 | 145 |
2040 | 31 | 129 |
2041 | 7 | 114 |
2042 | -17 | 98 |
2043 | -41 | 82 |
2044 | -66 | 67 |
2045 | -91 | 51 |
2046 | -117 | 36 |
2047 | -143 | 20 |
2048 | -169 | 5 |
2049 | -196 | -11 |
2050 | -223 | -27 |
2051 | -251 | -43 |
2052 | -279 | -58 |
2053 | -308 | -74 |
2054 | -337 | -90 |
2055 | -367 | -106 |
2056 | -397 | -123 |
2057 | -428 | -139 |
2058 | -460 | -156 |
2059 | -492 | -173 |
2060 | -525 | -190 |
2061 | -558 | -207 |
2062 | -592 | -224 |
2063 | -626 | -242 |
2064 | -661 | -260 |
2065 | -697 | -278 |
2066 | -734 | -296 |
2067 | -772 | -315 |
2068 | -810 | -334 |
2069 | -849 | -353 |
2070 | -889 | -372 |
2071 | -930 | -392 |
2072 | -971 | -412 |
2073 | -1014 | -432 |
2074 | -1057 | -453 |
2075 | -1101 | -474 |
2076 | -1146 | -495 |
2077 | -1192 | -517 |
2078 | -1238 | -538 |
2079 | -1286 | -560 |
2080 | -1334 | -582 |
2081 | -1383 | -605 |
2082 | -1433 | -627 |
2083 | -1484 | -650 |
2084 | -1536 | -673 |
2085 | -1589 | -697 |
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