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 50th percentile of earners. Maintain current-law benefits for earners at the 50th 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
2019309309
2020299300
2021289290
2022277280
2023264268
2024251255
2025237242
2026221228
2027205213
2028189198
2029171183
2030154167
2031136151
2032117134
203398118
203479101
20355984
20363967
20371951
2038-134
2039-2117
2040-420
2041-63-16
2042-84-33
2043-105-49
2044-126-65
2045-147-81
2046-168-96
2047-189-112
2048-211-127
2049-233-142
2050-255-158
2051-277-173
2052-299-187
2053-321-202
2054-344-217
2055-366-231
2056-389-246
2057-412-260
2058-436-275
2059-460-290
2060-485-304
2061-509-319
2062-534-334
2063-560-349
2064-586-364
2065-612-379
2066-638-394
2067-665-409
2068-692-424
2069-720-439
2070-748-454
2071-776-469
2072-805-485
2073-834-501
2074-864-516
2075-894-532
2076-925-549
2077-957-565
2078-989-582
2079-1021-599
2080-1054-616
2081-1087-633
2082-1121-651
2083-1156-669
2084-1191-687
2085-1227-706
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