Proposed Provision: Create a new bend point at the 50th percentile of new retired and disabled worker entitlements. Beginning for those newly eligible in 2017, do the following: a) reduce the 32 percent PIA formula factor below the new bend point to 30 percent by 2050; b) reduce the 32 percent PIA factor above the new bend point to 10 percent by 2050; and c) reduce the 15 percent factor to 5 percent by 2050.

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

  Income Rates Cost Rates
Year Present Law Provision Present Law Provision
201012.312.313.113.1
201112.912.913.013.0
201212.912.912.812.8
201312.912.912.812.8
201412.912.912.912.9
201512.912.913.013.0
201613.013.013.113.1
201713.013.013.313.3
201813.013.013.513.5
201913.013.013.813.8
202013.013.014.114.1
202113.113.114.514.4
202213.113.114.714.7
202313.113.115.014.9
202413.113.115.315.2
202513.113.115.515.4
202613.113.115.815.6
202713.213.216.015.8
202813.213.216.115.9
202913.213.216.316.0
203013.213.216.416.1
203113.213.216.516.2
203213.213.216.616.2
203313.213.216.716.3
203413.213.216.716.3
203513.213.216.716.2
203613.213.216.716.2
203713.213.216.716.2
203813.213.216.716.1
203913.213.216.716.0
204013.213.216.615.9
204113.213.216.615.8
204213.213.216.615.7
204313.213.216.515.6
204413.213.216.515.6
204513.213.216.415.5
204613.213.216.415.4
204713.213.216.415.3
204813.213.216.415.2
204913.213.216.415.2
205013.213.216.315.1
205113.213.216.315.0
205213.213.216.315.0
205313.213.216.314.9
205413.213.216.314.9
205513.213.216.414.9
205613.213.116.414.8
205713.213.116.414.8
205813.213.116.414.8
205913.213.116.514.8
206013.213.116.514.7
206113.213.116.514.7
206213.213.116.514.7
206313.213.116.614.7
206413.313.116.614.7
206513.313.116.614.7
206613.313.216.714.7
206713.313.216.714.7
206813.313.216.714.7
206913.313.216.814.7
207013.313.216.814.8
207113.313.216.814.8
207213.313.216.914.8
207313.313.216.914.8
207413.313.217.014.9
207513.313.217.014.9
207613.313.217.114.9
207713.313.217.114.9
207813.313.217.215.0
207913.313.217.215.0
208013.313.217.315.0
208113.313.217.315.1
208213.313.217.315.1
208313.313.217.415.1
208413.313.217.415.2
208513.313.217.515.2
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