Proposed Provision: Progressive price indexing of PIA formula factors beginning with individuals newly eligible for OASDI benefits in 2017. 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
2010355355
2011353353
2012350350
2013346346
2014341341
2015335335
2016330330
2017324324
2018317317
2019309310
2020299301
2021289291
2022277280
2023264269
2024251256
2025237243
2026221230
2027205216
2028189201
2029171186
2030154171
2031136155
2032117139
203398123
203479107
20355991
20363975
20371959
2038-143
2039-2128
2040-4212
2041-63-3
2042-84-18
2043-105-33
2044-126-48
2045-147-62
2046-168-76
2047-189-90
2048-211-103
2049-233-117
2050-255-130
2051-277-143
2052-299-155
2053-321-167
2054-344-180
2055-366-192
2056-389-204
2057-412-215
2058-436-227
2059-460-239
2060-485-251
2061-509-262
2062-534-274
2063-560-285
2064-586-297
2065-612-308
2066-638-319
2067-665-330
2068-692-342
2069-720-353
2070-748-364
2071-776-375
2072-805-386
2073-834-398
2074-864-409
2075-894-420
2076-925-432
2077-957-443
2078-989-455
2079-1021-467
2080-1054-478
2081-1087-490
2082-1121-502
2083-1156-514
2084-1191-526
2085-1227-538
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