Detailed Single Year Tables
Description of Proposed Provision:
B1.3: Progressive price indexing (40th percentile) of PIA factors beginning with individuals newly eligible for OASDI benefits in 2033: Create a new bend point at the 40th percentile of the AIME distribution of newly retired workers. Maintain current-law benefits for earners at the 40th percentile and below. Reduce the 32 and 15 percent factors above the 40th 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.
Financial Estimates for the OASDI Trust Fund Program
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
|
Expressed as a percentage of current-law taxable payroll |
Trust fund ratio as of January 1 |
Expressed as a percentage of current-law taxable payroll |
|||||||
|
Calendar year |
Cost rate |
Income rate |
Annual balance |
Cost rate |
Income rate |
Annual balance |
|||
| 2026 | 15.37 | 12.91 | -2.45 | 151 | 0.00 | 0.00 | 0.00 | ||
| 2027 | 15.62 | 12.85 | -2.77 | 131 | 0.00 | 0.00 | 0.00 | ||
| 2028 | 15.70 | 13.01 | -2.69 | 111 | 0.00 | 0.00 | 0.00 | ||
| 2029 | 15.74 | 13.06 | -2.68 | 92 | 0.00 | 0.00 | 0.00 | ||
| 2030 | 15.74 | 13.07 | -2.67 | 74 | 0.00 | 0.00 | 0.00 | ||
| 2031 | 15.72 | 13.09 | -2.64 | 57 | 0.00 | 0.00 | 0.00 | ||
| 2032 | 15.72 | 13.09 | -2.63 | 40 | 0.00 | 0.00 | 0.00 | ||
| 2033 | 15.72 | 13.13 | -2.59 | 23 | -0.00 | -0.00 | 0.00 | ||
| 2034 | 15.74 | 13.14 | -2.60 | 7 | -0.00 | -0.00 | 0.00 | ||
| 2035 | 15.77 | 13.16 | -2.60 | — | -0.01 | -0.00 | 0.01 | ||
| 2036 | 15.84 | 13.17 | -2.67 | — | -0.01 | -0.00 | 0.01 | ||
| 2037 | 15.93 | 13.18 | -2.75 | — | -0.02 | -0.00 | 0.02 | ||
| 2038 | 16.01 | 13.19 | -2.83 | — | -0.03 | -0.00 | 0.03 | ||
| 2039 | 16.08 | 13.19 | -2.89 | — | -0.05 | -0.00 | 0.05 | ||
| 2040 | 16.13 | 13.20 | -2.94 | — | -0.07 | -0.00 | 0.07 | ||
| 2041 | 16.18 | 13.20 | -2.98 | — | -0.10 | -0.00 | 0.09 | ||
| 2042 | 16.21 | 13.20 | -3.01 | — | -0.13 | -0.01 | 0.12 | ||
| 2043 | 16.25 | 13.21 | -3.04 | — | -0.17 | -0.01 | 0.16 | ||
| 2044 | 16.28 | 13.21 | -3.08 | — | -0.21 | -0.01 | 0.20 | ||
| 2045 | 16.32 | 13.21 | -3.11 | — | -0.25 | -0.01 | 0.24 | ||
| 2046 | 16.33 | 13.21 | -3.12 | — | -0.30 | -0.01 | 0.29 | ||
| 2047 | 16.34 | 13.21 | -3.13 | — | -0.36 | -0.02 | 0.34 | ||
| 2048 | 16.36 | 13.22 | -3.14 | — | -0.42 | -0.02 | 0.40 | ||
| 2049 | 16.37 | 13.22 | -3.15 | — | -0.48 | -0.02 | 0.45 | ||
| 2050 | 16.38 | 13.22 | -3.17 | — | -0.54 | -0.03 | 0.52 | ||
| 2051 | 16.41 | 13.22 | -3.19 | — | -0.61 | -0.03 | 0.58 | ||
| 2052 | 16.44 | 13.22 | -3.22 | — | -0.69 | -0.04 | 0.65 | ||
| 2053 | 16.47 | 13.23 | -3.25 | — | -0.76 | -0.04 | 0.72 | ||
| 2054 | 16.51 | 13.23 | -3.28 | — | -0.84 | -0.04 | 0.80 | ||
| 2055 | 16.55 | 13.23 | -3.32 | — | -0.92 | -0.05 | 0.88 | ||
| 2056 | 16.60 | 13.24 | -3.36 | — | -1.01 | -0.05 | 0.96 | ||
| 2057 | 16.65 | 13.24 | -3.41 | — | -1.10 | -0.06 | 1.04 | ||
| 2058 | 16.69 | 13.24 | -3.45 | — | -1.18 | -0.06 | 1.12 | ||
| 2059 | 16.74 | 13.25 | -3.49 | — | -1.27 | -0.07 | 1.21 | ||
| 2060 | 16.78 | 13.25 | -3.53 | — | -1.37 | -0.07 | 1.29 | ||
| 2061 | 16.82 | 13.25 | -3.56 | — | -1.46 | -0.08 | 1.38 | ||
| 2062 | 16.85 | 13.26 | -3.59 | — | -1.55 | -0.08 | 1.46 | ||
| 2063 | 16.88 | 13.26 | -3.62 | — | -1.64 | -0.09 | 1.55 | ||
| 2064 | 16.90 | 13.26 | -3.64 | — | -1.73 | -0.09 | 1.63 | ||
| 2065 | 16.93 | 13.26 | -3.66 | — | -1.82 | -0.10 | 1.72 | ||
| 2066 | 16.95 | 13.27 | -3.68 | — | -1.91 | -0.10 | 1.80 | ||
| 2067 | 16.97 | 13.27 | -3.70 | — | -2.00 | -0.11 | 1.89 | ||
| 2068 | 17.00 | 13.27 | -3.73 | — | -2.09 | -0.11 | 1.98 | ||
| 2069 | 17.03 | 13.27 | -3.75 | — | -2.18 | -0.12 | 2.06 | ||
| 2070 | 17.05 | 13.28 | -3.78 | — | -2.27 | -0.12 | 2.15 | ||
| 2071 | 17.08 | 13.28 | -3.80 | — | -2.36 | -0.13 | 2.23 | ||
| 2072 | 17.11 | 13.28 | -3.83 | — | -2.45 | -0.13 | 2.32 | ||
| 2073 | 17.13 | 13.28 | -3.85 | — | -2.54 | -0.14 | 2.41 | ||
| 2074 | 17.16 | 13.29 | -3.87 | — | -2.64 | -0.14 | 2.49 | ||
| 2075 | 17.17 | 13.29 | -3.89 | — | -2.73 | -0.15 | 2.58 | ||
| 2076 | 17.18 | 13.29 | -3.89 | — | -2.81 | -0.15 | 2.66 | ||
| 2077 | 17.18 | 13.29 | -3.89 | — | -2.90 | -0.16 | 2.74 | ||
| 2078 | 17.18 | 13.29 | -3.89 | — | -2.99 | -0.16 | 2.82 | ||
| 2079 | 17.16 | 13.29 | -3.87 | — | -3.07 | -0.17 | 2.90 | ||
| 2080 | 17.14 | 13.29 | -3.85 | — | -3.15 | -0.17 | 2.98 | ||
| 2081 | 17.11 | 13.29 | -3.82 | — | -3.23 | -0.18 | 3.05 | ||
| 2082 | 17.08 | 13.29 | -3.79 | — | -3.31 | -0.18 | 3.13 | ||
| 2083 | 17.03 | 13.29 | -3.75 | — | -3.38 | -0.18 | 3.20 | ||
| 2084 | 16.98 | 13.28 | -3.70 | — | -3.46 | -0.19 | 3.27 | ||
| 2085 | 16.92 | 13.28 | -3.64 | — | -3.53 | -0.19 | 3.34 | ||
| 2086 | 16.85 | 13.28 | -3.57 | — | -3.60 | -0.20 | 3.40 | ||
| 2087 | 16.77 | 13.27 | -3.50 | — | -3.66 | -0.20 | 3.46 | ||
| 2088 | 16.69 | 13.27 | -3.42 | — | -3.73 | -0.20 | 3.52 | ||
| 2089 | 16.60 | 13.26 | -3.34 | — | -3.79 | -0.21 | 3.58 | ||
| 2090 | 16.50 | 13.26 | -3.25 | — | -3.84 | -0.21 | 3.63 | ||
| 2091 | 16.41 | 13.25 | -3.15 | — | -3.90 | -0.21 | 3.69 | ||
| 2092 | 16.31 | 13.25 | -3.06 | — | -3.96 | -0.22 | 3.74 | ||
| 2093 | 16.22 | 13.24 | -2.97 | — | -4.01 | -0.22 | 3.79 | ||
| 2094 | 16.12 | 13.24 | -2.88 | — | -4.07 | -0.22 | 3.84 | ||
| 2095 | 16.03 | 13.23 | -2.80 | — | -4.12 | -0.23 | 3.89 | ||
| 2096 | 15.94 | 13.23 | -2.71 | — | -4.17 | -0.23 | 3.95 | ||
| 2097 | 15.85 | 13.22 | -2.63 | — | -4.23 | -0.23 | 4.00 | ||
| 2098 | 15.77 | 13.22 | -2.56 | — | -4.28 | -0.23 | 4.05 | ||
| 2099 | 15.70 | 13.21 | -2.49 | — | -4.34 | -0.24 | 4.10 | ||
| 2100 | 15.63 | 13.21 | -2.42 | — | -4.39 | -0.24 | 4.15 | ||
| 2101 | 15.58 | 13.21 | -2.37 | — | -4.44 | -0.24 | 4.20 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2026-2100 | 16.56% | 13.60% | -2.97% | 2034 | -1.54% | -0.08% | 1.46% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2034. |
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Based on Intermediate Assumptions of the 2026 Trustees Report.