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 30th percentile of earners. Maintain current-law benefits for earners at the 30th 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
2022277281
2023264269
2024251257
2025237245
2026221231
2027205218
2028189203
2029171189
2030154174
2031136159
2032117144
203398128
203479113
20355998
20363982
20371967
2038-152
2039-2137
2040-4223
2041-639
2042-84-5
2043-105-18
2044-126-31
2045-147-44
2046-168-57
2047-189-69
2048-211-80
2049-233-92
2050-255-103
2051-277-113
2052-299-124
2053-321-134
2054-344-143
2055-366-153
2056-389-162
2057-412-171
2058-436-180
2059-460-188
2060-485-197
2061-509-205
2062-534-213
2063-560-220
2064-586-228
2065-612-235
2066-638-243
2067-665-250
2068-692-256
2069-720-263
2070-748-270
2071-776-276
2072-805-282
2073-834-289
2074-864-295
2075-894-301
2076-925-307
2077-957-313
2078-989-318
2079-1021-324
2080-1054-330
2081-1087-335
2082-1121-341
2083-1156-346
2084-1191-351
2085-1227-356
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