Proposed Provision: B3.7. Progressive indexing (30th percentile) of PIA factors beginning with individuals newly eligible for OASI benefits in 2020, continuing through 2029, and resuming in 2068: 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 1.20 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 Current Law Provision
2017298298
2018287287
2019273273
2020259259
2021245245
2022230230
2023215215
2024199199
2025182183
2026165166
2027148149
2028130132
2029112114
20309497
20317579
20325661
20333742
20341623
2035-44
2036-26-16
2037-47-36
2038-70-57
2039-92-77
2040-115-98
2041-138-119
2042-161-139
2043-184-160
2044-207-180
2045-230-200
2046-253-220
2047-276-241
2048-300-261
2049-323-280
2050-346-300
2051-370-320
2052-393-340
2053-417-359
2054-440-378
2055-464-398
2056-487-417
2057-511-437
2058-536-457
2059-560-477
2060-585-498
2061-611-519
2062-637-540
2063-663-562
2064-690-584
2065-717-606
2066-745-629
2067-772-652
2068-801-675
2069-829-699
2070-858-723
2071-888-748
2072-918-773
2073-949-799
2074-981-826
2075-1014-854
2076-1047-883
2077-1082-913
2078-1117-943
2079-1153-975
2080-1190-1007
2081-1227-1039
2082-1264-1071
2083-1300-1104
2084-1337-1137
2085-1374-1169
2086-1410-1202
2087-1446-1235
2088-1483-1268
2089-1520-1302
2090-1557-1336
2091-1595-1370
2092-1633-1405
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