Proposed Provision: B1.4. Progressive price indexing (50th percentile) of PIA factors beginning with individuals newly eligible for OASDI benefits in 2029: Create a new bend point at the 50th percentile of the AIME distribution of newly retired workers. Maintain current-law benefits for earners at the 50th percentile and below. Reduce the 32 and 15 percent factors above the 50th 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
2022230230
2023211211
2024194194
2025177177
2026160160
2027143143
2028126126
2029109109
20309191
20317474
20325757
20333939
20342122
203533
2036-16-15
2037-35-34
2038-54-54
2039-74-73
2040-95-94
2041-116-114
2042-137-135
2043-158-156
2044-180-176
2045-202-198
2046-224-219
2047-246-240
2048-268-261
2049-291-283
2050-313-304
2051-336-325
2052-359-347
2053-383-368
2054-406-390
2055-430-411
2056-453-433
2057-477-454
2058-501-476
2059-525-497
2060-550-519
2061-575-541
2062-601-563
2063-627-586
2064-654-608
2065-681-631
2066-708-654
2067-736-678
2068-764-701
2069-792-724
2070-821-748
2071-850-772
2072-880-796
2073-910-820
2074-940-845
2075-971-870
2076-1003-895
2077-1036-921
2078-1069-948
2079-1104-975
2080-1139-1002
2081-1175-1030
2082-1212-1059
2083-1249-1087
2084-1286-1115
2085-1324-1144
2086-1363-1172
2087-1402-1201
2088-1442-1229
2089-1481-1257
2090-1520-1284
2091-1558-1310
2092-1595-1335
2093-1632-1359
2094-1668-1382
2095-1703-1404
2096-1738-1425
2097-1773-1446
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