Proposed Provision: Beginning with those newly eligible for OASDI benefits in 2014, gradually increase the first PIA bend point in each year so that it is 15 percent higher for those newly eligible in 2023 and later.

OASDI Cost Rates and Income Rates
(as a percentage of taxable payroll)

  Income Rates Cost Rates
Year Present Law Provision Present Law Provision
201212.912.913.813.8
201312.812.814.014.0
201412.912.914.014.0
201513.013.014.014.0
201613.013.013.913.9
201713.013.013.913.9
201813.013.014.014.0
201913.113.114.114.2
202013.113.114.414.4
202113.113.114.714.7
202213.113.115.015.1
202313.113.215.315.4
202413.213.215.615.8
202513.213.215.916.1
202613.213.216.216.4
202713.213.216.416.7
202813.213.216.616.9
202913.213.316.817.2
203013.213.317.017.4
203113.313.317.117.5
203213.313.317.217.7
203313.313.317.317.8
203413.313.317.417.8
203513.313.317.417.9
203613.313.317.417.9
203713.313.317.417.9
203813.313.317.418.0
203913.313.317.417.9
204013.313.317.417.9
204113.313.317.317.9
204213.313.317.317.9
204313.313.317.217.9
204413.313.317.217.8
204513.313.317.217.8
204613.313.317.217.8
204713.313.317.117.8
204813.313.317.117.8
204913.313.317.117.8
205013.313.317.117.8
205113.313.317.117.8
205213.313.317.117.8
205313.313.317.117.8
205413.313.317.117.8
205513.313.317.117.8
205613.313.317.117.8
205713.313.317.117.8
205813.313.317.117.8
205913.313.317.117.9
206013.313.317.217.9
206113.313.317.217.9
206213.313.317.217.9
206313.313.317.217.9
206413.313.317.217.9
206513.313.317.217.9
206613.313.317.217.9
206713.313.317.218.0
206813.313.317.318.0
206913.313.317.318.0
207013.313.317.318.1
207113.313.317.418.1
207213.313.317.418.1
207313.313.317.418.1
207413.313.317.418.2
207513.313.317.518.2
207613.313.317.518.2
207713.313.317.518.2
207813.313.417.518.3
207913.313.417.618.3
208013.313.417.618.3
208113.313.417.618.4
208213.313.417.718.4
208313.313.417.718.5
208413.313.417.818.5
208513.313.417.818.5
208613.313.417.818.6
208713.313.417.918.6
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