Detailed Single Year Tables
Description of Proposed Provision:
B1.6 (2025): Progressive price indexing (30th percentile) of PIA factors beginning with individuals newly eligible for OASI benefits in 2025: 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. Young survivors (children of deceased workers and surviving spouses with a child in care) are not affected.
Financial Estimates for the OASDI Trust Fund Program
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
|
Expressed as a percentage of current-law taxable payroll |
Trust fund ratio as of January 1 |
Expressed as a percentage of current-law taxable payroll |
|||||||
|
Calendar year |
Cost rate |
Income rate |
Annual balance |
Cost rate |
Income rate |
Annual balance |
|||
| 2021 | 14.11 | 12.31 | -1.81 | 253 | 0.00 | 0.00 | 0.00 | ||
| 2022 | 14.30 | 12.93 | -1.38 | 231 | 0.00 | 0.00 | 0.00 | ||
| 2023 | 14.43 | 12.91 | -1.52 | 214 | 0.00 | 0.00 | 0.00 | ||
| 2024 | 14.64 | 12.94 | -1.69 | 196 | 0.00 | 0.00 | 0.00 | ||
| 2025 | 14.86 | 12.96 | -1.90 | 178 | -0.00 | -0.00 | 0.00 | ||
| 2026 | 15.10 | 13.08 | -2.03 | 159 | -0.00 | -0.00 | 0.00 | ||
| 2027 | 15.36 | 13.10 | -2.26 | 141 | -0.00 | -0.00 | 0.00 | ||
| 2028 | 15.62 | 13.14 | -2.48 | 123 | -0.01 | -0.00 | 0.01 | ||
| 2029 | 15.86 | 13.17 | -2.69 | 104 | -0.01 | -0.00 | 0.01 | ||
| 2030 | 16.09 | 13.19 | -2.90 | 85 | -0.02 | -0.00 | 0.02 | ||
| 2031 | 16.26 | 13.20 | -3.05 | 66 | -0.03 | -0.00 | 0.03 | ||
| 2032 | 16.40 | 13.22 | -3.18 | 47 | -0.04 | -0.00 | 0.04 | ||
| 2033 | 16.50 | 13.22 | -3.27 | 28 | -0.06 | -0.00 | 0.06 | ||
| 2034 | 16.58 | 13.23 | -3.34 | 8 | -0.08 | -0.00 | 0.08 | ||
| 2035 | 16.63 | 13.24 | -3.39 | ---- | -0.11 | -0.01 | 0.10 | ||
| 2036 | 16.66 | 13.24 | -3.42 | ---- | -0.14 | -0.01 | 0.13 | ||
| 2037 | 16.69 | 13.25 | -3.44 | ---- | -0.17 | -0.01 | 0.16 | ||
| 2038 | 16.70 | 13.25 | -3.45 | ---- | -0.21 | -0.01 | 0.20 | ||
| 2039 | 16.70 | 13.25 | -3.44 | ---- | -0.26 | -0.01 | 0.24 | ||
| 2040 | 16.68 | 13.25 | -3.42 | ---- | -0.30 | -0.02 | 0.28 | ||
| 2041 | 16.67 | 13.25 | -3.41 | ---- | -0.35 | -0.02 | 0.33 | ||
| 2042 | 16.63 | 13.25 | -3.38 | ---- | -0.40 | -0.02 | 0.38 | ||
| 2043 | 16.58 | 13.25 | -3.33 | ---- | -0.46 | -0.03 | 0.43 | ||
| 2044 | 16.53 | 13.25 | -3.28 | ---- | -0.52 | -0.03 | 0.49 | ||
| 2045 | 16.47 | 13.25 | -3.22 | ---- | -0.58 | -0.03 | 0.55 | ||
| 2046 | 16.41 | 13.24 | -3.17 | ---- | -0.64 | -0.04 | 0.61 | ||
| 2047 | 16.37 | 13.24 | -3.12 | ---- | -0.71 | -0.04 | 0.67 | ||
| 2048 | 16.32 | 13.24 | -3.08 | ---- | -0.78 | -0.05 | 0.74 | ||
| 2049 | 16.26 | 13.24 | -3.02 | ---- | -0.86 | -0.05 | 0.81 | ||
| 2050 | 16.21 | 13.24 | -2.97 | ---- | -0.93 | -0.05 | 0.88 | ||
| 2051 | 16.15 | 13.23 | -2.92 | ---- | -1.01 | -0.06 | 0.95 | ||
| 2052 | 16.10 | 13.23 | -2.87 | ---- | -1.08 | -0.06 | 1.02 | ||
| 2053 | 16.05 | 13.23 | -2.82 | ---- | -1.16 | -0.07 | 1.10 | ||
| 2054 | 16.01 | 13.23 | -2.78 | ---- | -1.24 | -0.07 | 1.17 | ||
| 2055 | 15.97 | 13.23 | -2.74 | ---- | -1.33 | -0.08 | 1.25 | ||
| 2056 | 15.93 | 13.23 | -2.70 | ---- | -1.41 | -0.08 | 1.33 | ||
| 2057 | 15.89 | 13.23 | -2.67 | ---- | -1.49 | -0.09 | 1.41 | ||
| 2058 | 15.86 | 13.23 | -2.63 | ---- | -1.58 | -0.09 | 1.48 | ||
| 2059 | 15.83 | 13.23 | -2.60 | ---- | -1.66 | -0.10 | 1.56 | ||
| 2060 | 15.80 | 13.23 | -2.58 | ---- | -1.75 | -0.10 | 1.64 | ||
| 2061 | 15.77 | 13.22 | -2.55 | ---- | -1.83 | -0.11 | 1.72 | ||
| 2062 | 15.74 | 13.22 | -2.52 | ---- | -1.91 | -0.11 | 1.80 | ||
| 2063 | 15.71 | 13.22 | -2.49 | ---- | -1.99 | -0.12 | 1.87 | ||
| 2064 | 15.68 | 13.22 | -2.46 | ---- | -2.07 | -0.12 | 1.95 | ||
| 2065 | 15.65 | 13.22 | -2.43 | ---- | -2.15 | -0.13 | 2.02 | ||
| 2066 | 15.63 | 13.22 | -2.40 | ---- | -2.23 | -0.13 | 2.10 | ||
| 2067 | 15.60 | 13.22 | -2.38 | ---- | -2.31 | -0.14 | 2.17 | ||
| 2068 | 15.57 | 13.22 | -2.35 | ---- | -2.38 | -0.14 | 2.24 | ||
| 2069 | 15.55 | 13.22 | -2.33 | ---- | -2.46 | -0.15 | 2.32 | ||
| 2070 | 15.53 | 13.22 | -2.31 | ---- | -2.54 | -0.15 | 2.39 | ||
| 2071 | 15.50 | 13.22 | -2.29 | ---- | -2.62 | -0.16 | 2.46 | ||
| 2072 | 15.48 | 13.22 | -2.26 | ---- | -2.70 | -0.16 | 2.54 | ||
| 2073 | 15.45 | 13.22 | -2.24 | ---- | -2.77 | -0.16 | 2.61 | ||
| 2074 | 15.42 | 13.22 | -2.21 | ---- | -2.85 | -0.17 | 2.68 | ||
| 2075 | 15.39 | 13.21 | -2.17 | ---- | -2.93 | -0.17 | 2.75 | ||
| 2076 | 15.35 | 13.21 | -2.13 | ---- | -3.00 | -0.18 | 2.82 | ||
| 2077 | 15.30 | 13.21 | -2.09 | ---- | -3.07 | -0.18 | 2.89 | ||
| 2078 | 15.24 | 13.21 | -2.03 | ---- | -3.14 | -0.19 | 2.95 | ||
| 2079 | 15.17 | 13.20 | -1.96 | ---- | -3.20 | -0.19 | 3.01 | ||
| 2080 | 15.09 | 13.20 | -1.89 | ---- | -3.26 | -0.19 | 3.07 | ||
| 2081 | 15.00 | 13.20 | -1.81 | ---- | -3.32 | -0.20 | 3.12 | ||
| 2082 | 14.92 | 13.19 | -1.72 | ---- | -3.38 | -0.20 | 3.18 | ||
| 2083 | 14.82 | 13.19 | -1.63 | ---- | -3.43 | -0.21 | 3.23 | ||
| 2084 | 14.72 | 13.18 | -1.54 | ---- | -3.48 | -0.21 | 3.27 | ||
| 2085 | 14.61 | 13.17 | -1.44 | ---- | -3.53 | -0.21 | 3.32 | ||
| 2086 | 14.50 | 13.17 | -1.34 | ---- | -3.57 | -0.21 | 3.36 | ||
| 2087 | 14.39 | 13.16 | -1.23 | ---- | -3.61 | -0.22 | 3.40 | ||
| 2088 | 14.28 | 13.15 | -1.13 | ---- | -3.65 | -0.22 | 3.43 | ||
| 2089 | 14.18 | 13.15 | -1.03 | ---- | -3.69 | -0.22 | 3.47 | ||
| 2090 | 14.08 | 13.14 | -0.94 | ---- | -3.73 | -0.22 | 3.51 | ||
| 2091 | 13.99 | 13.14 | -0.86 | ---- | -3.77 | -0.23 | 3.55 | ||
| 2092 | 13.91 | 13.13 | -0.78 | ---- | -3.82 | -0.23 | 3.59 | ||
| 2093 | 13.84 | 13.13 | -0.72 | ---- | -3.87 | -0.23 | 3.64 | ||
| 2094 | 13.78 | 13.12 | -0.66 | ---- | -3.92 | -0.24 | 3.69 | ||
| 2095 | 13.72 | 13.12 | -0.60 | ---- | -3.98 | -0.24 | 3.74 | ||
| 2096 | 13.67 | 13.12 | -0.56 | ---- | -4.03 | -0.24 | 3.79 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2021-2095 | 15.77% | 13.69% | -2.08% | 2034 | -1.55% | -0.09% | 1.46% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2034. |
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Based on Intermediate Assumptions of the 2021 Trustees Report.