Proposed Provision: Progressive price indexing (30th percentile) of PIA factors beginning with individuals newly eligible for OASI benefits in 2020: 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. 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. Young survivors (children of deceased workers and surviving spouses with a child in care) are not affected.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Present Law Provision
2016303303
2017293293
2018277277
2019262262
2020246246
2021231231
2022216216
2023200200
2024183183
2025165166
2026149150
2027132134
2028115117
202998101
20308185
20316469
20324652
20332735
2034818
2035-111
2036-30-16
2037-50-34
2038-71-52
2039-91-69
2040-112-87
2041-133-105
2042-154-122
2043-176-140
2044-197-157
2045-218-174
2046-240-190
2047-262-207
2048-283-223
2049-305-239
2050-327-254
2051-349-269
2052-371-284
2053-393-299
2054-415-313
2055-437-327
2056-460-341
2057-482-355
2058-506-369
2059-529-383
2060-553-397
2061-578-410
2062-603-424
2063-628-438
2064-654-452
2065-680-466
2066-706-479
2067-733-493
2068-760-507
2069-788-521
2070-816-535
2071-845-549
2072-874-563
2073-905-577
2074-935-592
2075-967-607
2076-1000-621
2077-1033-637
2078-1068-652
2079-1102-667
2080-1138-682
2081-1173-696
2082-1208-711
2083-1243-725
2084-1279-738
2085-1314-751
2086-1349-764
2087-1384-777
2088-1419-790
2089-1455-803
2090-1491-815
2091-1528-828
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