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 60th percentile of earners. Maintain current-law benefits for earners at the 60th 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 | 417 |
| 2015 | 418 | 418 |
| 2016 | 416 | 417 |
| 2017 | 412 | 414 |
| 2018 | 407 | 410 |
| 2019 | 401 | 404 |
| 2020 | 393 | 397 |
| 2021 | 383 | 389 |
| 2022 | 372 | 380 |
| 2023 | 360 | 369 |
| 2024 | 346 | 357 |
| 2025 | 332 | 345 |
| 2026 | 316 | 331 |
| 2027 | 299 | 316 |
| 2028 | 282 | 301 |
| 2029 | 264 | 285 |
| 2030 | 245 | 269 |
| 2031 | 225 | 252 |
| 2032 | 205 | 235 |
| 2033 | 185 | 218 |
| 2034 | 164 | 200 |
| 2035 | 143 | 182 |
| 2036 | 121 | 164 |
| 2037 | 99 | 146 |
| 2038 | 77 | 127 |
| 2039 | 54 | 109 |
| 2040 | 31 | 90 |
| 2041 | 7 | 71 |
| 2042 | -17 | 52 |
| 2043 | -41 | 33 |
| 2044 | -66 | 13 |
| 2045 | -91 | -6 |
| 2046 | -117 | -26 |
| 2047 | -143 | -46 |
| 2048 | -169 | -67 |
| 2049 | -196 | -87 |
| 2050 | -223 | -108 |
| 2051 | -251 | -129 |
| 2052 | -279 | -150 |
| 2053 | -308 | -172 |
| 2054 | -337 | -194 |
| 2055 | -367 | -216 |
| 2056 | -397 | -238 |
| 2057 | -428 | -261 |
| 2058 | -460 | -285 |
| 2059 | -492 | -308 |
| 2060 | -525 | -332 |
| 2061 | -558 | -357 |
| 2062 | -592 | -382 |
| 2063 | -626 | -407 |
| 2064 | -661 | -433 |
| 2065 | -697 | -459 |
| 2066 | -734 | -486 |
| 2067 | -772 | -514 |
| 2068 | -810 | -542 |
| 2069 | -849 | -571 |
| 2070 | -889 | -600 |
| 2071 | -930 | -630 |
| 2072 | -971 | -661 |
| 2073 | -1014 | -692 |
| 2074 | -1057 | -724 |
| 2075 | -1101 | -756 |
| 2076 | -1146 | -789 |
| 2077 | -1192 | -823 |
| 2078 | -1238 | -857 |
| 2079 | -1286 | -892 |
| 2080 | -1334 | -927 |
| 2081 | -1383 | -963 |
| 2082 | -1433 | -1000 |
| 2083 | -1484 | -1038 |
| 2084 | -1536 | -1076 |
| 2085 | -1589 | -1115 |
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