Proposed Provision: Progressive price indexing of PIA formula factors beginning with individuals newly eligible for OASDI benefits in 2016. Create new bend point at the 30th percentile of earners. Maintain current-law benefits for earners at the 30th percentile and below and reduce upper 2 formula factors (32% and 15%) such that maximum worker benefit grows by inflation rather than the growth in average wages.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2009 | 354 | 354 |
| 2010 | 360 | 360 |
| 2011 | 366 | 366 |
| 2012 | 369 | 369 |
| 2013 | 367 | 367 |
| 2014 | 364 | 364 |
| 2015 | 359 | 359 |
| 2016 | 354 | 354 |
| 2017 | 347 | 347 |
| 2018 | 338 | 339 |
| 2019 | 327 | 329 |
| 2020 | 315 | 317 |
| 2021 | 302 | 306 |
| 2022 | 289 | 293 |
| 2023 | 275 | 280 |
| 2024 | 260 | 267 |
| 2025 | 244 | 253 |
| 2026 | 227 | 238 |
| 2027 | 209 | 222 |
| 2028 | 191 | 207 |
| 2029 | 173 | 190 |
| 2030 | 153 | 174 |
| 2031 | 133 | 157 |
| 2032 | 113 | 140 |
| 2033 | 92 | 123 |
| 2034 | 71 | 105 |
| 2035 | 50 | 88 |
| 2036 | 29 | 71 |
| 2037 | 7 | 53 |
| 2038 | -16 | 36 |
| 2039 | -38 | 19 |
| 2040 | -61 | 2 |
| 2041 | -83 | -14 |
| 2042 | -106 | -31 |
| 2043 | -129 | -47 |
| 2044 | -152 | -62 |
| 2045 | -175 | -78 |
| 2046 | -199 | -93 |
| 2047 | -222 | -108 |
| 2048 | -246 | -122 |
| 2049 | -270 | -137 |
| 2050 | -294 | -151 |
| 2051 | -318 | -164 |
| 2052 | -342 | -178 |
| 2053 | -366 | -191 |
| 2054 | -391 | -203 |
| 2055 | -415 | -216 |
| 2056 | -440 | -228 |
| 2057 | -466 | -241 |
| 2058 | -491 | -253 |
| 2059 | -517 | -265 |
| 2060 | -544 | -276 |
| 2061 | -570 | -288 |
| 2062 | -598 | -300 |
| 2063 | -625 | -311 |
| 2064 | -653 | -322 |
| 2065 | -681 | -334 |
| 2066 | -710 | -345 |
| 2067 | -739 | -356 |
| 2068 | -768 | -366 |
| 2069 | -798 | -377 |
| 2070 | -828 | -388 |
| 2071 | -859 | -399 |
| 2072 | -890 | -409 |
| 2073 | -922 | -420 |
| 2074 | -954 | -430 |
| 2075 | -987 | -441 |
| 2076 | -1020 | -452 |
| 2077 | -1054 | -462 |
| 2078 | -1089 | -473 |
| 2079 | -1124 | -483 |
| 2080 | -1159 | -494 |
| 2081 | -1195 | -505 |
| 2082 | -1232 | -515 |
| 2083 | -1270 | -526 |
| 2084 | -1308 | -537 |
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