Proposed Provision: Progressive indexing (30th percentile) of PIA factors beginning with individuals newly eligible for OASI benefits in 2018, continuing through 2055, and resuming in 2076: Create a new bend point at the 30th percentile of the AIME distribution of newly retired workers. Maintain current-law benefits for earners at the 30th percentile and below. Reduce the 32 and 15 percent factors above the 30th percentile such that the initial benefit for a worker with AIME equal to the taxable maximum is reduced by 1.17 percent per year as compared to current law (for the years that progressive indexing applies). 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
2015308308
2016298298
2017280280
2018264264
2019248248
2020233233
2021219219
2022204204
2023189189
2024173174
2025157159
2026142144
2027126129
2028110114
20299498
20307783
20316067
20324250
20332333
2034415
2035-16-3
2036-36-21
2037-57-39
2038-78-58
2039-100-76
2040-122-95
2041-144-114
2042-166-133
2043-189-151
2044-211-170
2045-234-188
2046-257-206
2047-280-225
2048-303-243
2049-327-260
2050-351-278
2051-375-296
2052-398-313
2053-423-330
2054-447-347
2055-472-364
2056-496-381
2057-522-398
2058-548-415
2059-574-432
2060-601-449
2061-629-467
2062-657-484
2063-685-501
2064-714-519
2065-744-536
2066-774-554
2067-804-572
2068-835-590
2069-867-608
2070-899-626
2071-932-644
2072-965-663
2073-1000-682
2074-1035-702
2075-1072-722
2076-1110-743
2077-1148-764
2078-1188-786
2079-1228-808
2080-1268-830
2081-1309-851
2082-1350-873
2083-1391-895
2084-1432-917
2085-1472-939
2086-1514-962
2087-1555-985
2088-1597-1008
2089-1640-1031
2090-1683-1055
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