Proposed Provision: Progressive price indexing (50th percentile) of PIA formula factors for individuals newly eligible for OASI benefits in 2016 through 2055: Create a new bend point at the 50th percentile of the AIME distribution of newly retired workers. Maintain current-law benefit credit for earners at the 50th percentile and below. Reduce the 32 and 15 formula 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 average wages. Disabled workers are: (a) not affected prior to normal retirement age; and (b) subject to a proportional reduction in benefits, based on the worker's years of disability, upon conversion to retired worker beneficiary status.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Present Law Provision
2011353353
2012347347
2013341341
2014334334
2015328328
2016321321
2017314314
2018306306
2019296296
2020284285
2021272273
2022259261
2023245247
2024230234
2025214219
2026198204
2027181189
2028164173
2029145156
2030127139
2031107121
203287104
20336786
20344667
20352549
2036430
2037-1812
2038-40-7
2039-62-26
2040-85-44
2041-108-63
2042-130-81
2043-153-100
2044-176-118
2045-200-136
2046-223-155
2047-247-173
2048-271-191
2049-295-209
2050-319-227
2051-343-244
2052-368-262
2053-393-280
2054-418-297
2055-443-315
2056-468-333
2057-494-350
2058-521-368
2059-548-386
2060-575-405
2061-602-423
2062-630-441
2063-659-459
2064-687-477
2065-716-496
2066-746-514
2067-775-532
2068-805-551
2069-835-569
2070-866-588
2071-897-607
2072-928-626
2073-960-645
2074-992-664
2075-1025-684
2076-1058-704
2077-1092-724
2078-1126-745
2079-1161-766
2080-1196-787
2081-1232-808
2082-1268-830
2083-1305-852
2084-1342-874
2085-1380-897
2086-1419-920
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