Proposed Provision: B1.4. Progressive price indexing (50th percentile) of PIA factors beginning with individuals newly eligible for OASDI benefits in 2024: 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
2017298298
2018287287
2019273273
2020259259
2021245245
2022230230
2023215215
2024199199
2025182182
2026165165
2027148148
2028130130
2029112113
20309495
20317576
20325657
20333738
20341618
2035-4-2
2036-26-23
2037-47-44
2038-70-65
2039-92-87
2040-115-109
2041-138-130
2042-161-152
2043-184-174
2044-207-195
2045-230-217
2046-253-238
2047-276-259
2048-300-280
2049-323-301
2050-346-321
2051-370-342
2052-393-362
2053-417-382
2054-440-402
2055-464-422
2056-487-442
2057-511-461
2058-536-481
2059-560-501
2060-585-521
2061-611-541
2062-637-562
2063-663-582
2064-690-603
2065-717-623
2066-745-644
2067-772-665
2068-801-686
2069-829-707
2070-858-728
2071-888-750
2072-918-772
2073-949-794
2074-981-817
2075-1014-840
2076-1047-864
2077-1082-888
2078-1117-912
2079-1153-937
2080-1190-962
2081-1227-986
2082-1264-1011
2083-1300-1035
2084-1337-1058
2085-1374-1082
2086-1410-1104
2087-1446-1127
2088-1483-1149
2089-1520-1172
2090-1557-1194
2091-1595-1217
2092-1633-1240
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