Proposed Provision: B1.4. Progressive price indexing (50th percentile) of PIA factors beginning with individuals newly eligible for OASDI benefits in 2027: Create a new bend point at the 50th percentile of the AIME distribution of newly retired workers. Maintain current-law benefits for earners at the 50th percentile and below. Reduce the 32 and 15 percent factors above the 50th 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
2020261261
2021248248
2022233233
2023217217
2024200200
2025183183
2026165165
2027148148
2028130130
2029112112
20309494
20317676
20325858
20333939
20342021
203512
2036-19-18
2037-38-37
2038-59-57
2039-80-77
2040-101-98
2041-122-118
2042-144-139
2043-166-160
2044-188-181
2045-210-203
2046-232-224
2047-255-244
2048-277-265
2049-299-286
2050-322-306
2051-344-327
2052-367-347
2053-389-367
2054-412-387
2055-434-407
2056-457-427
2057-480-446
2058-504-466
2059-527-486
2060-551-506
2061-575-525
2062-599-546
2063-624-566
2064-650-586
2065-676-607
2066-702-628
2067-728-648
2068-755-669
2069-782-691
2070-809-712
2071-837-733
2072-866-755
2073-895-778
2074-925-800
2075-955-823
2076-986-846
2077-1018-870
2078-1051-894
2079-1084-919
2080-1119-945
2081-1154-970
2082-1190-996
2083-1226-1022
2084-1263-1048
2085-1300-1074
2086-1337-1099
2087-1374-1125
2088-1411-1149
2089-1448-1173
2090-1484-1196
2091-1520-1219
2092-1554-1241
2093-1589-1261
2094-1623-1282
2095-1657-1302
back