Proposed Provision: B3.15. Increase the 90 percent PIA formula factor to 91 percent for beneficiaries newly eligible in 2025, 92 percent for those newly eligible in 2026, ..., reaching 95 percent for those newly eligible in 2029 and later.
OASDI Cost Rates and Income Rates
(as a percentage of taxable payroll)
| |
Income Rates |
Cost Rates |
| Year |
Current Law |
Provision |
Current Law |
Provision |
| 2020 | 13.0 | 13.0 | 13.9 | 13.9 |
| 2021 | 12.9 | 12.9 | 14.0 | 14.0 |
| 2022 | 12.9 | 12.9 | 14.2 | 14.2 |
| 2023 | 12.9 | 12.9 | 14.4 | 14.4 |
| 2024 | 13.0 | 13.0 | 14.6 | 14.6 |
| 2025 | 13.0 | 13.0 | 14.9 | 14.9 |
| 2026 | 13.1 | 13.1 | 15.1 | 15.1 |
| 2027 | 13.1 | 13.1 | 15.3 | 15.4 |
| 2028 | 13.2 | 13.2 | 15.6 | 15.6 |
| 2029 | 13.2 | 13.2 | 15.8 | 15.9 |
| 2030 | 13.2 | 13.2 | 16.0 | 16.1 |
| 2031 | 13.3 | 13.3 | 16.2 | 16.2 |
| 2032 | 13.3 | 13.3 | 16.3 | 16.4 |
| 2033 | 13.3 | 13.3 | 16.5 | 16.5 |
| 2034 | 13.3 | 13.3 | 16.6 | 16.6 |
| 2035 | 13.3 | 13.3 | 16.6 | 16.7 |
| 2036 | 13.3 | 13.3 | 16.7 | 16.8 |
| 2037 | 13.3 | 13.3 | 16.7 | 16.9 |
| 2038 | 13.3 | 13.3 | 16.8 | 17.0 |
| 2039 | 13.3 | 13.3 | 16.8 | 17.0 |
| 2040 | 13.3 | 13.3 | 16.8 | 17.1 |
| 2041 | 13.3 | 13.3 | 16.9 | 17.1 |
| 2042 | 13.3 | 13.3 | 16.9 | 17.1 |
| 2043 | 13.3 | 13.3 | 16.8 | 17.1 |
| 2044 | 13.3 | 13.3 | 16.8 | 17.1 |
| 2045 | 13.3 | 13.3 | 16.8 | 17.1 |
| 2046 | 13.3 | 13.3 | 16.8 | 17.1 |
| 2047 | 13.3 | 13.3 | 16.8 | 17.1 |
| 2048 | 13.3 | 13.3 | 16.8 | 17.1 |
| 2049 | 13.3 | 13.3 | 16.8 | 17.1 |
| 2050 | 13.3 | 13.3 | 16.8 | 17.1 |
| 2051 | 13.3 | 13.3 | 16.8 | 17.1 |
| 2052 | 13.3 | 13.3 | 16.8 | 17.2 |
| 2053 | 13.3 | 13.3 | 16.8 | 17.2 |
| 2054 | 13.3 | 13.4 | 16.9 | 17.2 |
| 2055 | 13.3 | 13.4 | 16.9 | 17.3 |
| 2056 | 13.3 | 13.4 | 16.9 | 17.3 |
| 2057 | 13.3 | 13.4 | 17.0 | 17.4 |
| 2058 | 13.3 | 13.4 | 17.0 | 17.4 |
| 2059 | 13.4 | 13.4 | 17.1 | 17.5 |
| 2060 | 13.4 | 13.4 | 17.1 | 17.6 |
| 2061 | 13.4 | 13.4 | 17.2 | 17.6 |
| 2062 | 13.4 | 13.4 | 17.3 | 17.7 |
| 2063 | 13.4 | 13.4 | 17.3 | 17.8 |
| 2064 | 13.4 | 13.4 | 17.4 | 17.8 |
| 2065 | 13.4 | 13.4 | 17.5 | 17.9 |
| 2066 | 13.4 | 13.4 | 17.5 | 18.0 |
| 2067 | 13.4 | 13.4 | 17.6 | 18.0 |
| 2068 | 13.4 | 13.4 | 17.7 | 18.1 |
| 2069 | 13.4 | 13.4 | 17.7 | 18.2 |
| 2070 | 13.4 | 13.4 | 17.8 | 18.3 |
| 2071 | 13.4 | 13.4 | 17.9 | 18.3 |
| 2072 | 13.4 | 13.4 | 17.9 | 18.4 |
| 2073 | 13.4 | 13.4 | 18.0 | 18.4 |
| 2074 | 13.4 | 13.4 | 18.0 | 18.5 |
| 2075 | 13.4 | 13.5 | 18.1 | 18.5 |
| 2076 | 13.4 | 13.5 | 18.1 | 18.6 |
| 2077 | 13.4 | 13.5 | 18.1 | 18.6 |
| 2078 | 13.4 | 13.5 | 18.2 | 18.6 |
| 2079 | 13.4 | 13.5 | 18.2 | 18.6 |
| 2080 | 13.4 | 13.5 | 18.1 | 18.6 |
| 2081 | 13.4 | 13.5 | 18.1 | 18.6 |
| 2082 | 13.4 | 13.5 | 18.1 | 18.6 |
| 2083 | 13.4 | 13.5 | 18.1 | 18.5 |
| 2084 | 13.4 | 13.5 | 18.0 | 18.5 |
| 2085 | 13.4 | 13.5 | 18.0 | 18.5 |
| 2086 | 13.4 | 13.5 | 18.0 | 18.4 |
| 2087 | 13.4 | 13.4 | 17.9 | 18.4 |
| 2088 | 13.4 | 13.4 | 17.9 | 18.4 |
| 2089 | 13.4 | 13.4 | 17.9 | 18.3 |
| 2090 | 13.4 | 13.4 | 17.9 | 18.3 |
| 2091 | 13.4 | 13.4 | 17.9 | 18.3 |
| 2092 | 13.4 | 13.4 | 17.9 | 18.3 |
| 2093 | 13.4 | 13.4 | 17.9 | 18.4 |
| 2094 | 13.4 | 13.4 | 17.9 | 18.4 |
| 2095 | 13.4 | 13.5 | 18.0 | 18.4 |
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