Proposed Provision: B1.4. Progressive price indexing (50th percentile) of PIA factors beginning with individuals newly eligible for OASDI benefits in 2032: Create a new bend point at the 50th percentile of the AIME distribution of newly retired workers. Maintain current-law benefits for earners at the 50th percentile and below. Reduce the 32 and 15 percent factors above the 50th 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 | -184 |
2045 | -206 | -205 |
2046 | -228 | -226 |
2047 | -250 | -248 |
2048 | -272 | -269 |
2049 | -295 | -291 |
2050 | -317 | -313 |
2051 | -340 | -335 |
2052 | -363 | -357 |
2053 | -386 | -379 |
2054 | -409 | -401 |
2055 | -433 | -423 |
2056 | -457 | -445 |
2057 | -481 | -468 |
2058 | -505 | -490 |
2059 | -530 | -513 |
2060 | -556 | -537 |
2061 | -582 | -561 |
2062 | -609 | -585 |
2063 | -636 | -609 |
2064 | -664 | -634 |
2065 | -692 | -659 |
2066 | -721 | -685 |
2067 | -750 | -710 |
2068 | -780 | -736 |
2069 | -810 | -762 |
2070 | -840 | -788 |
2071 | -871 | -815 |
2072 | -903 | -842 |
2073 | -935 | -869 |
2074 | -967 | -897 |
2075 | -1000 | -925 |
2076 | -1035 | -954 |
2077 | -1070 | -983 |
2078 | -1106 | -1013 |
2079 | -1142 | -1044 |
2080 | -1180 | -1075 |
2081 | -1219 | -1107 |
2082 | -1258 | -1140 |
2083 | -1298 | -1172 |
2084 | -1338 | -1206 |
2085 | -1380 | -1240 |
2086 | -1423 | -1274 |
2087 | -1466 | -1309 |
2088 | -1510 | -1344 |
2089 | -1554 | -1378 |
2090 | -1599 | -1413 |
2091 | -1643 | -1447 |
2092 | -1687 | -1480 |
2093 | -1731 | -1512 |
2094 | -1774 | -1544 |
2095 | -1816 | -1575 |
2096 | -1858 | -1605 |
2097 | -1900 | -1634 |
2098 | -1941 | -1663 |
2099 | -1982 | -1690 |
2100 | -2022 | -1717 |
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