Proposed Provision: B3.11. Increase the first PIA factor from 90 percent to 93 percent for all beneficiaries eligible as of January 2024 and for those newly eligible for benefits after 2023.

OASDI Cost Rates and Income Rates
(as a percentage of taxable payroll)

  Income Rates Cost Rates
Year Current Law Provision Current Law Provision
202212.812.814.114.1
202313.013.014.314.3
202413.013.014.414.7
202513.013.014.714.9
202613.113.114.915.1
202713.113.115.115.3
202813.113.215.315.6
202913.213.215.515.8
203013.213.215.716.0
203113.213.215.916.2
203213.213.316.116.3
203313.313.316.216.5
203413.313.316.316.6
203513.313.316.416.7
203613.313.316.516.8
203713.313.316.616.8
203813.313.316.616.9
203913.313.316.716.9
204013.313.316.717.0
204113.313.316.717.0
204213.313.316.817.0
204313.313.316.817.0
204413.313.316.817.1
204513.313.316.817.1
204613.313.316.817.1
204713.313.316.917.1
204813.313.316.917.2
204913.313.316.917.2
205013.313.316.917.2
205113.313.317.017.2
205213.313.317.017.3
205313.313.317.117.3
205413.313.317.117.4
205513.313.417.117.4
205613.313.417.217.5
205713.313.417.317.5
205813.413.417.317.6
205913.413.417.417.7
206013.413.417.517.7
206113.413.417.517.8
206213.413.417.617.8
206313.413.417.617.9
206413.413.417.718.0
206513.413.417.718.0
206613.413.417.818.1
206713.413.417.818.1
206813.413.417.918.2
206913.413.417.918.2
207013.413.418.018.3
207113.413.418.118.3
207213.413.418.118.4
207313.413.418.218.4
207413.413.418.218.5
207513.413.418.318.5
207613.413.418.318.6
207713.413.418.318.6
207813.413.418.318.6
207913.413.418.318.6
208013.413.418.318.6
208113.413.418.318.6
208213.413.418.218.5
208313.413.418.218.5
208413.413.418.218.4
208513.413.418.118.4
208613.413.418.018.3
208713.413.418.018.3
208813.413.417.918.2
208913.413.417.918.1
209013.413.417.818.1
209113.413.417.718.0
209213.413.417.718.0
209313.413.417.717.9
209413.413.417.717.9
209513.413.417.617.9
209613.413.417.617.9
209713.413.417.617.9
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