Proposed Provision: B1.2. Progressive price indexing (30th percentile) of PIA factors beginning with individuals newly eligible for OASDI 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.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Current Law Provision
2022230230
2023211211
2024194194
2025177177
2026160160
2027143143
2028126126
2029109109
20309191
20317474
20325757
20333939
20342122
203534
2036-16-15
2037-35-34
2038-54-53
2039-74-73
2040-95-93
2041-116-113
2042-137-134
2043-158-154
2044-180-175
2045-202-195
2046-224-216
2047-246-237
2048-268-258
2049-291-279
2050-313-299
2051-336-320
2052-359-341
2053-383-362
2054-406-382
2055-430-402
2056-453-423
2057-477-443
2058-501-463
2059-525-483
2060-550-504
2061-575-524
2062-601-545
2063-627-565
2064-654-586
2065-681-607
2066-708-628
2067-736-649
2068-764-670
2069-792-691
2070-821-712
2071-850-733
2072-880-755
2073-910-776
2074-940-797
2075-971-819
2076-1003-841
2077-1036-864
2078-1069-887
2079-1104-910
2080-1139-933
2081-1175-957
2082-1212-981
2083-1249-1005
2084-1286-1029
2085-1324-1053
2086-1363-1076
2087-1402-1100
2088-1442-1123
2089-1481-1146
2090-1520-1168
2091-1558-1189
2092-1595-1209
2093-1632-1227
2094-1668-1245
2095-1703-1262
2096-1738-1278
2097-1773-1294
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