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 |
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 | 29 |
2035 | 10 | 11 |
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 |
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