Proposed Provision: B1.2. Progressive price indexing (30th percentile) of PIA factors beginning with individuals newly eligible for OASDI benefits in 2025: 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 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 |
| 2018 | 288 | 288 |
| 2019 | 272 | 272 |
| 2020 | 256 | 256 |
| 2021 | 239 | 239 |
| 2022 | 223 | 223 |
| 2023 | 206 | 206 |
| 2024 | 188 | 188 |
| 2025 | 171 | 171 |
| 2026 | 154 | 154 |
| 2027 | 137 | 137 |
| 2028 | 120 | 121 |
| 2029 | 104 | 104 |
| 2030 | 86 | 87 |
| 2031 | 69 | 70 |
| 2032 | 51 | 53 |
| 2033 | 33 | 35 |
| 2034 | 14 | 17 |
| 2035 | -5 | -2 |
| 2036 | -25 | -21 |
| 2037 | -46 | -41 |
| 2038 | -67 | -60 |
| 2039 | -88 | -80 |
| 2040 | -110 | -100 |
| 2041 | -132 | -121 |
| 2042 | -154 | -141 |
| 2043 | -176 | -161 |
| 2044 | -199 | -181 |
| 2045 | -221 | -201 |
| 2046 | -244 | -220 |
| 2047 | -267 | -240 |
| 2048 | -289 | -259 |
| 2049 | -312 | -278 |
| 2050 | -335 | -296 |
| 2051 | -358 | -314 |
| 2052 | -381 | -332 |
| 2053 | -403 | -350 |
| 2054 | -426 | -367 |
| 2055 | -450 | -384 |
| 2056 | -473 | -401 |
| 2057 | -496 | -417 |
| 2058 | -520 | -434 |
| 2059 | -544 | -450 |
| 2060 | -569 | -466 |
| 2061 | -594 | -483 |
| 2062 | -619 | -499 |
| 2063 | -645 | -515 |
| 2064 | -671 | -531 |
| 2065 | -698 | -547 |
| 2066 | -725 | -563 |
| 2067 | -752 | -579 |
| 2068 | -780 | -595 |
| 2069 | -808 | -611 |
| 2070 | -837 | -627 |
| 2071 | -866 | -644 |
| 2072 | -896 | -660 |
| 2073 | -927 | -676 |
| 2074 | -958 | -693 |
| 2075 | -990 | -709 |
| 2076 | -1023 | -726 |
| 2077 | -1057 | -744 |
| 2078 | -1092 | -761 |
| 2079 | -1128 | -779 |
| 2080 | -1165 | -797 |
| 2081 | -1202 | -815 |
| 2082 | -1240 | -832 |
| 2083 | -1278 | -849 |
| 2084 | -1316 | -866 |
| 2085 | -1354 | -883 |
| 2086 | -1392 | -898 |
| 2087 | -1430 | -914 |
| 2088 | -1468 | -929 |
| 2089 | -1505 | -943 |
| 2090 | -1543 | -956 |
| 2091 | -1580 | -970 |
| 2092 | -1618 | -983 |
| 2093 | -1655 | -996 |
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