Proposed Provision: B1.5. Progressive price indexing (60th percentile) of PIA factors beginning with individuals newly eligible for OASDI benefits in 2029: Create a new bend point at the 60th percentile of the AIME distribution of newly retired workers. Maintain current-law benefits for earners at the 60th percentile and below. Reduce the 32 and 15 percent factors above the 60th 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
203533
2036-16-15
2037-35-34
2038-54-54
2039-74-74
2040-95-94
2041-116-115
2042-137-135
2043-158-156
2044-180-177
2045-202-199
2046-224-220
2047-246-241
2048-268-263
2049-291-285
2050-313-306
2051-336-328
2052-359-350
2053-383-372
2054-406-394
2055-430-416
2056-453-437
2057-477-459
2058-501-481
2059-525-504
2060-550-526
2061-575-549
2062-601-572
2063-627-595
2064-654-619
2065-681-643
2066-708-667
2067-736-691
2068-764-716
2069-792-740
2070-821-765
2071-850-790
2072-880-815
2073-910-841
2074-940-866
2075-971-892
2076-1003-919
2077-1036-946
2078-1069-973
2079-1104-1002
2080-1139-1030
2081-1175-1060
2082-1212-1089
2083-1249-1119
2084-1286-1149
2085-1324-1179
2086-1363-1209
2087-1402-1240
2088-1442-1270
2089-1481-1300
2090-1520-1330
2091-1558-1359
2092-1595-1386
2093-1632-1414
2094-1668-1440
2095-1703-1466
2096-1738-1491
2097-1773-1515
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