Proposed Provision: Beginning with those newly eligible for OASI benefits in 2019, multiply the 90 and 32 percent PIA factors each year by 0.9925 and 0.982, respectively. Stop reductions in 2056. Beginning with those newly eligible for OASI benefits in 2014, multiply the 15 factor by 0.982. Stop reduction of the 15 factor in 2051. Child beneficiaries and spouses with a child in care under the OASI program are not affected by this proposal. Disabled workers are: (a) not affected prior to normal retirement age; and (b) subject to a proportional reduction in benefits, based on the worker's years of disability, upon conversion to retired worker beneficiary status.

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

  Income Rates Cost Rates
Year Present Law Provision Present Law Provision
201112.512.513.313.3
201212.912.913.213.2
201312.912.913.213.2
201412.912.913.213.2
201512.912.913.213.2
201613.013.013.313.3
201713.013.013.513.5
201813.013.013.613.6
201913.013.013.913.9
202013.113.114.214.2
202113.113.114.514.5
202213.113.114.814.8
202313.113.115.115.1
202413.113.115.415.3
202513.113.115.715.5
202613.213.215.915.7
202713.213.216.115.9
202813.213.216.316.1
202913.213.216.516.2
203013.213.216.716.2
203113.213.216.816.3
203213.213.216.916.3
203313.213.216.916.3
203413.213.217.016.2
203513.213.217.016.2
203613.213.217.016.1
203713.213.217.016.0
203813.213.217.015.9
203913.213.217.015.7
204013.213.217.015.6
204113.213.216.915.4
204213.213.216.915.3
204313.213.116.815.1
204413.213.116.815.0
204513.213.116.814.8
204613.213.116.814.6
204713.213.116.714.5
204813.213.116.714.3
204913.213.116.714.2
205013.213.116.714.0
205113.213.116.713.9
205213.213.116.713.8
205313.213.116.713.6
205413.213.116.713.5
205513.313.116.713.4
205613.313.116.713.3
205713.313.016.813.2
205813.313.016.813.0
205913.313.016.812.9
206013.313.016.812.8
206113.313.016.812.7
206213.313.016.812.6
206313.313.016.812.5
206413.313.016.812.4
206513.313.016.912.4
206613.313.016.912.3
206713.313.016.912.3
206813.313.016.912.2
206913.313.017.012.2
207013.313.017.012.1
207113.313.017.012.1
207213.313.017.112.1
207313.313.017.112.0
207413.313.017.112.0
207513.313.017.212.0
207613.313.017.212.0
207713.313.017.212.0
207813.313.017.312.0
207913.313.017.312.0
208013.313.017.412.0
208113.313.017.412.0
208213.313.017.412.0
208313.313.017.512.0
208413.313.017.512.0
208513.313.017.612.0
208613.313.017.612.1
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