Proposed Provision: B1.5. Progressive price indexing (60th percentile) of PIA factors beginning with individuals newly eligible for OASDI benefits in 2030: 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
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
2040-112-111
2041-133-132
2042-154-153
2043-176-175
2044-198-196
2045-220-218
2046-243-240
2047-265-262
2048-288-284
2049-311-306
2050-333-328
2051-357-350
2052-380-372
2053-403-394
2054-427-416
2055-450-438
2056-474-460
2057-498-483
2058-522-505
2059-547-527
2060-572-550
2061-597-574
2062-623-597
2063-650-621
2064-677-646
2065-705-670
2066-733-695
2067-762-720
2068-791-746
2069-820-771
2070-850-797
2071-880-823
2072-911-850
2073-942-876
2074-974-903
2075-1006-930
2076-1039-958
2077-1074-987
2078-1108-1016
2079-1144-1045
2080-1181-1075
2081-1218-1105
2082-1256-1136
2083-1294-1167
2084-1333-1198
2085-1373-1230
2086-1413-1261
2087-1453-1293
2088-1494-1324
2089-1534-1355
2090-1574-1386
2091-1613-1415
2092-1651-1444
2093-1689-1472
2094-1726-1499
2095-1762-1526
2096-1798-1552
2097-1833-1577
2098-1868-1602
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