Proposed Provision: B1.3. Progressive price indexing (40th percentile) of PIA factors beginning with individuals newly eligible for OASDI benefits in 2026: 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
2019273273
2020260260
2021245245
2022229229
2023213213
2024197197
2025180180
2026163163
2027147147
2028130130
2029114114
20309797
20318081
20326364
20334647
20342829
20351011
2036-9-7
2037-28-25
2038-47-44
2039-67-63
2040-87-82
2041-108-101
2042-129-120
2043-150-140
2044-171-159
2045-192-178
2046-213-197
2047-234-215
2048-255-233
2049-276-251
2050-297-269
2051-318-287
2052-338-304
2053-359-321
2054-380-337
2055-401-353
2056-422-370
2057-444-386
2058-465-401
2059-487-417
2060-509-433
2061-531-448
2062-554-464
2063-577-480
2064-601-495
2065-625-511
2066-649-527
2067-674-543
2068-699-558
2069-724-574
2070-749-590
2071-776-606
2072-802-622
2073-830-638
2074-857-654
2075-885-671
2076-914-687
2077-944-705
2078-975-722
2079-1007-740
2080-1039-757
2081-1072-775
2082-1106-793
2083-1139-811
2084-1173-828
2085-1207-845
2086-1242-862
2087-1275-878
2088-1309-893
2089-1342-908
2090-1375-922
2091-1407-935
2092-1439-948
2093-1471-960
2094-1503-972
back