Proposed Provision: B1.2. Progressive price indexing (30th percentile) of PIA factors beginning with individuals newly eligible for OASDI benefits in 2032: Create a new bend point at the 30th percentile of the AIME distribution of newly retired workers. Maintain current-law benefits for earners at the 30th percentile and below. Reduce the 32 and 15 percent factors above the 30th 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 |
| 2025 | 169 | 169 |
| 2026 | 149 | 149 |
| 2027 | 131 | 131 |
| 2028 | 113 | 113 |
| 2029 | 95 | 95 |
| 2030 | 78 | 78 |
| 2031 | 60 | 60 |
| 2032 | 43 | 43 |
| 2033 | 26 | 26 |
| 2034 | 9 | 9 |
| 2035 | -9 | -9 |
| 2036 | -27 | -27 |
| 2037 | -45 | -45 |
| 2038 | -63 | -63 |
| 2039 | -83 | -82 |
| 2040 | -102 | -102 |
| 2041 | -122 | -122 |
| 2042 | -143 | -142 |
| 2043 | -164 | -163 |
| 2044 | -185 | -183 |
| 2045 | -206 | -204 |
| 2046 | -228 | -225 |
| 2047 | -250 | -247 |
| 2048 | -272 | -268 |
| 2049 | -295 | -289 |
| 2050 | -317 | -311 |
| 2051 | -340 | -332 |
| 2052 | -363 | -354 |
| 2053 | -386 | -375 |
| 2054 | -409 | -397 |
| 2055 | -433 | -418 |
| 2056 | -457 | -440 |
| 2057 | -481 | -461 |
| 2058 | -505 | -483 |
| 2059 | -530 | -505 |
| 2060 | -556 | -527 |
| 2061 | -582 | -550 |
| 2062 | -609 | -573 |
| 2063 | -636 | -596 |
| 2064 | -664 | -619 |
| 2065 | -692 | -643 |
| 2066 | -721 | -666 |
| 2067 | -750 | -690 |
| 2068 | -780 | -714 |
| 2069 | -810 | -738 |
| 2070 | -840 | -762 |
| 2071 | -871 | -787 |
| 2072 | -903 | -811 |
| 2073 | -935 | -836 |
| 2074 | -967 | -861 |
| 2075 | -1000 | -887 |
| 2076 | -1035 | -913 |
| 2077 | -1070 | -940 |
| 2078 | -1106 | -967 |
| 2079 | -1142 | -994 |
| 2080 | -1180 | -1022 |
| 2081 | -1219 | -1051 |
| 2082 | -1258 | -1079 |
| 2083 | -1298 | -1108 |
| 2084 | -1338 | -1138 |
| 2085 | -1380 | -1168 |
| 2086 | -1423 | -1198 |
| 2087 | -1466 | -1228 |
| 2088 | -1510 | -1259 |
| 2089 | -1554 | -1289 |
| 2090 | -1599 | -1319 |
| 2091 | -1643 | -1348 |
| 2092 | -1687 | -1377 |
| 2093 | -1731 | -1405 |
| 2094 | -1774 | -1432 |
| 2095 | -1816 | -1459 |
| 2096 | -1858 | -1484 |
| 2097 | -1900 | -1509 |
| 2098 | -1941 | -1533 |
| 2099 | -1982 | -1557 |
| 2100 | -2022 | -1579 |
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