Proposed Provision: B1.8. Progressive price indexing (50th percentile) of PIA factors for individuals newly eligible for OASI benefits in 2026 through 2065: 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. 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 |
2021 | 253 | 253 |
2022 | 231 | 231 |
2023 | 214 | 214 |
2024 | 196 | 196 |
2025 | 178 | 178 |
2026 | 159 | 159 |
2027 | 141 | 141 |
2028 | 122 | 122 |
2029 | 104 | 104 |
2030 | 85 | 85 |
2031 | 66 | 66 |
2032 | 46 | 47 |
2033 | 27 | 27 |
2034 | 7 | 8 |
2035 | -13 | -12 |
2036 | -33 | -33 |
2037 | -54 | -53 |
2038 | -76 | -74 |
2039 | -97 | -96 |
2040 | -119 | -117 |
2041 | -142 | -139 |
2042 | -165 | -161 |
2043 | -188 | -184 |
2044 | -211 | -206 |
2045 | -235 | -229 |
2046 | -258 | -252 |
2047 | -282 | -274 |
2048 | -306 | -297 |
2049 | -330 | -320 |
2050 | -354 | -342 |
2051 | -378 | -365 |
2052 | -403 | -388 |
2053 | -427 | -411 |
2054 | -452 | -433 |
2055 | -477 | -456 |
2056 | -502 | -479 |
2057 | -527 | -501 |
2058 | -552 | -524 |
2059 | -578 | -546 |
2060 | -604 | -569 |
2061 | -630 | -592 |
2062 | -657 | -615 |
2063 | -684 | -639 |
2064 | -712 | -663 |
2065 | -740 | -686 |
2066 | -768 | -710 |
2067 | -796 | -734 |
2068 | -825 | -759 |
2069 | -855 | -783 |
2070 | -884 | -807 |
2071 | -914 | -832 |
2072 | -945 | -857 |
2073 | -976 | -882 |
2074 | -1007 | -907 |
2075 | -1039 | -932 |
2076 | -1071 | -958 |
2077 | -1105 | -985 |
2078 | -1139 | -1012 |
2079 | -1175 | -1039 |
2080 | -1211 | -1067 |
2081 | -1248 | -1095 |
2082 | -1286 | -1124 |
2083 | -1324 | -1153 |
2084 | -1363 | -1182 |
2085 | -1403 | -1211 |
2086 | -1443 | -1241 |
2087 | -1483 | -1270 |
2088 | -1524 | -1299 |
2089 | -1564 | -1328 |
2090 | -1604 | -1356 |
2091 | -1643 | -1383 |
2092 | -1681 | -1409 |
2093 | -1718 | -1433 |
2094 | -1754 | -1458 |
2095 | -1789 | -1481 |
2096 | -1825 | -1504 |
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