Proposed Provision: B1.2. Progressive price indexing (30th percentile) of PIA factors beginning with individuals newly eligible for OASDI benefits in 2030: 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
2023204204
2024187187
2025168168
2026149149
2027131131
2028114114
20299696
20307878
20316061
20324343
20332525
203477
2035-12-12
2036-31-31
2037-51-50
2038-70-70
2039-91-90
2040-112-110
2041-133-131
2042-154-152
2043-176-173
2044-198-194
2045-220-216
2046-243-237
2047-265-258
2048-288-280
2049-311-301
2050-333-322
2051-357-343
2052-380-364
2053-403-385
2054-427-406
2055-450-427
2056-474-448
2057-498-468
2058-522-489
2059-547-510
2060-572-531
2061-597-552
2062-623-573
2063-650-594
2064-677-616
2065-705-638
2066-733-660
2067-762-682
2068-791-704
2069-820-726
2070-850-749
2071-880-771
2072-911-794
2073-942-816
2074-974-839
2075-1006-862
2076-1039-886
2077-1074-910
2078-1108-934
2079-1144-959
2080-1181-984
2081-1218-1009
2082-1256-1035
2083-1294-1060
2084-1333-1085
2085-1373-1111
2086-1413-1136
2087-1453-1161
2088-1494-1186
2089-1534-1209
2090-1574-1233
2091-1613-1255
2092-1651-1276
2093-1689-1296
2094-1726-1315
2095-1762-1333
2096-1798-1351
2097-1833-1367
2098-1868-1383
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