Proposed Provision: B1.8. Progressive price indexing (50th percentile) of PIA factors for individuals newly eligible for OASI benefits in 2022 through 2061: 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. 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 Current Law Provision
2017298298
2018287287
2019273273
2020259259
2021245245
2022230230
2023215215
2024199199
2025182183
2026165166
2027148148
2028130131
2029112113
20309495
20317577
20325658
20333739
20341620
2035-40
2036-26-21
2037-47-41
2038-70-63
2039-92-84
2040-115-105
2041-138-127
2042-161-148
2043-184-169
2044-207-190
2045-230-211
2046-253-232
2047-276-253
2048-300-273
2049-323-294
2050-346-314
2051-370-334
2052-393-354
2053-417-373
2054-440-393
2055-464-412
2056-487-432
2057-511-451
2058-536-470
2059-560-490
2060-585-509
2061-611-529
2062-637-549
2063-663-569
2064-690-590
2065-717-610
2066-745-630
2067-772-651
2068-801-672
2069-829-692
2070-858-713
2071-888-734
2072-918-756
2073-949-778
2074-981-800
2075-1014-823
2076-1047-846
2077-1082-869
2078-1117-894
2079-1153-918
2080-1190-943
2081-1227-967
2082-1264-992
2083-1300-1016
2084-1337-1040
2085-1374-1063
2086-1410-1087
2087-1446-1110
2088-1483-1133
2089-1520-1157
2090-1557-1181
2091-1595-1205
2092-1633-1229
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