Proposed Provision: B1.2. Progressive price indexing (30th percentile) of PIA factors beginning with individuals newly eligible for OASDI benefits in 2026: 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 |
2019 | 273 | 273 |
2020 | 260 | 260 |
2021 | 245 | 245 |
2022 | 229 | 229 |
2023 | 213 | 213 |
2024 | 197 | 197 |
2025 | 180 | 180 |
2026 | 163 | 163 |
2027 | 147 | 147 |
2028 | 130 | 130 |
2029 | 114 | 114 |
2030 | 97 | 97 |
2031 | 80 | 81 |
2032 | 63 | 64 |
2033 | 46 | 47 |
2034 | 28 | 30 |
2035 | 10 | 12 |
2036 | -9 | -6 |
2037 | -28 | -24 |
2038 | -47 | -43 |
2039 | -67 | -62 |
2040 | -87 | -80 |
2041 | -108 | -99 |
2042 | -129 | -119 |
2043 | -150 | -138 |
2044 | -171 | -156 |
2045 | -192 | -175 |
2046 | -213 | -193 |
2047 | -234 | -211 |
2048 | -255 | -229 |
2049 | -276 | -247 |
2050 | -297 | -264 |
2051 | -318 | -280 |
2052 | -338 | -297 |
2053 | -359 | -313 |
2054 | -380 | -328 |
2055 | -401 | -344 |
2056 | -422 | -359 |
2057 | -444 | -373 |
2058 | -465 | -388 |
2059 | -487 | -402 |
2060 | -509 | -417 |
2061 | -531 | -431 |
2062 | -554 | -445 |
2063 | -577 | -459 |
2064 | -601 | -473 |
2065 | -625 | -487 |
2066 | -649 | -501 |
2067 | -674 | -515 |
2068 | -699 | -528 |
2069 | -724 | -542 |
2070 | -749 | -555 |
2071 | -776 | -569 |
2072 | -802 | -583 |
2073 | -830 | -596 |
2074 | -857 | -610 |
2075 | -885 | -624 |
2076 | -914 | -638 |
2077 | -944 | -652 |
2078 | -975 | -666 |
2079 | -1007 | -680 |
2080 | -1039 | -695 |
2081 | -1072 | -709 |
2082 | -1106 | -723 |
2083 | -1139 | -736 |
2084 | -1173 | -750 |
2085 | -1207 | -763 |
2086 | -1242 | -775 |
2087 | -1275 | -787 |
2088 | -1309 | -798 |
2089 | -1342 | -808 |
2090 | -1375 | -818 |
2091 | -1407 | -826 |
2092 | -1439 | -835 |
2093 | -1471 | -843 |
2094 | -1503 | -850 |
back