Proposed Provision: B1.3. Progressive price indexing (40th percentile) of PIA factors beginning with individuals newly eligible for OASDI benefits in 2025: Create a new bend point at the 40th percentile of the AIME distribution of newly retired workers. Maintain current-law benefits for earners at the 40th percentile and below. Reduce the 32 and 15 percent factors above the 40th 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
2018288288
2019272272
2020256256
2021239239
2022223223
2023206206
2024188188
2025171171
2026154154
2027137137
2028120121
2029104104
20308687
20316970
20325152
20333334
20341416
2035-5-3
2036-25-22
2037-46-42
2038-67-61
2039-88-82
2040-110-102
2041-132-123
2042-154-143
2043-176-164
2044-199-184
2045-221-204
2046-244-225
2047-267-244
2048-289-264
2049-312-284
2050-335-303
2051-358-322
2052-381-341
2053-403-359
2054-426-378
2055-450-396
2056-473-414
2057-496-431
2058-520-449
2059-544-467
2060-569-485
2061-594-502
2062-619-520
2063-645-538
2064-671-556
2065-698-575
2066-725-593
2067-752-611
2068-780-629
2069-808-647
2070-837-666
2071-866-685
2072-896-703
2073-927-723
2074-958-742
2075-990-762
2076-1023-782
2077-1057-802
2078-1092-823
2079-1128-845
2080-1165-866
2081-1202-888
2082-1240-910
2083-1278-931
2084-1316-952
2085-1354-973
2086-1392-993
2087-1430-1013
2088-1468-1033
2089-1505-1051
2090-1543-1070
2091-1580-1088
2092-1618-1105
2093-1655-1123
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