Proposed Provision: Progressive price indexing of PIA formula factors beginning with individuals newly eligible for OASDI benefits in 2012. Create new bend point at the 50th percentile of earners. Maintain current-law benefits for earners at the 50th percentile and below and reduce upper 2 formula factors (32% and 15%) such that maximum worker benefit grows by inflation rather than the growth in average wages.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2005 | 320 | 320 |
| 2006 | 337 | 337 |
| 2007 | 355 | 355 |
| 2008 | 370 | 370 |
| 2009 | 383 | 383 |
| 2010 | 394 | 394 |
| 2011 | 404 | 404 |
| 2012 | 410 | 410 |
| 2013 | 415 | 415 |
| 2014 | 417 | 418 |
| 2015 | 418 | 418 |
| 2016 | 416 | 417 |
| 2017 | 412 | 415 |
| 2018 | 407 | 411 |
| 2019 | 401 | 405 |
| 2020 | 393 | 399 |
| 2021 | 383 | 391 |
| 2022 | 372 | 382 |
| 2023 | 360 | 372 |
| 2024 | 346 | 361 |
| 2025 | 332 | 348 |
| 2026 | 316 | 335 |
| 2027 | 299 | 321 |
| 2028 | 282 | 307 |
| 2029 | 264 | 292 |
| 2030 | 245 | 277 |
| 2031 | 225 | 261 |
| 2032 | 205 | 245 |
| 2033 | 185 | 228 |
| 2034 | 164 | 212 |
| 2035 | 143 | 195 |
| 2036 | 121 | 178 |
| 2037 | 99 | 161 |
| 2038 | 77 | 144 |
| 2039 | 54 | 127 |
| 2040 | 31 | 110 |
| 2041 | 7 | 93 |
| 2042 | -17 | 76 |
| 2043 | -41 | 58 |
| 2044 | -66 | 41 |
| 2045 | -91 | 23 |
| 2046 | -117 | 5 |
| 2047 | -143 | -12 |
| 2048 | -169 | -30 |
| 2049 | -196 | -49 |
| 2050 | -223 | -67 |
| 2051 | -251 | -85 |
| 2052 | -279 | -104 |
| 2053 | -308 | -123 |
| 2054 | -337 | -142 |
| 2055 | -367 | -161 |
| 2056 | -397 | -180 |
| 2057 | -428 | -200 |
| 2058 | -460 | -220 |
| 2059 | -492 | -241 |
| 2060 | -525 | -261 |
| 2061 | -558 | -282 |
| 2062 | -592 | -303 |
| 2063 | -626 | -325 |
| 2064 | -661 | -347 |
| 2065 | -697 | -369 |
| 2066 | -734 | -392 |
| 2067 | -772 | -415 |
| 2068 | -810 | -438 |
| 2069 | -849 | -462 |
| 2070 | -889 | -486 |
| 2071 | -930 | -511 |
| 2072 | -971 | -536 |
| 2073 | -1014 | -561 |
| 2074 | -1057 | -587 |
| 2075 | -1101 | -614 |
| 2076 | -1146 | -640 |
| 2077 | -1192 | -667 |
| 2078 | -1238 | -695 |
| 2079 | -1286 | -723 |
| 2080 | -1334 | -752 |
| 2081 | -1383 | -781 |
| 2082 | -1433 | -810 |
| 2083 | -1484 | -840 |
| 2084 | -1536 | -871 |
| 2085 | -1589 | -902 |
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