Proposed Provision: B1.6 (2029). Progressive price indexing (30th percentile) of PIA factors beginning with individuals newly eligible for OASI benefits in 2029: 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. Disabled workers are: (a) not affected prior to normal retirement age; and (b) subject to a proportional reduction in benefits, based on the worker's years of disability, upon conversion to retired-worker beneficiary status.

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
20342020
203511
2036-19-18
2037-38-38
2038-59-58
2039-80-79
2040-101-99
2041-122-120
2042-144-141
2043-166-163
2044-188-184
2045-210-206
2046-232-227
2047-255-248
2048-277-269
2049-299-290
2050-322-311
2051-344-332
2052-367-352
2053-389-373
2054-412-393
2055-434-413
2056-457-433
2057-480-453
2058-504-473
2059-527-493
2060-551-513
2061-575-533
2062-599-553
2063-624-574
2064-650-594
2065-676-614
2066-702-635
2067-728-656
2068-755-676
2069-782-697
2070-809-718
2071-837-739
2072-866-760
2073-895-782
2074-925-804
2075-955-826
2076-986-849
2077-1018-871
2078-1051-895
2079-1084-919
2080-1119-943
2081-1154-967
2082-1190-992
2083-1226-1016
2084-1263-1041
2085-1300-1066
2086-1337-1090
2087-1374-1114
2088-1411-1137
2089-1448-1160
2090-1484-1182
2091-1520-1203
2092-1554-1224
2093-1589-1243
2094-1623-1263
2095-1657-1282
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