Proposed Provision: Progressive price indexing of PIA formula factors beginning with individuals newly eligible for OASDI benefits in 2015. Create new bend point at the 40th percentile of earners. Maintain current-law benefits for earners at the 40th 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
2008359359
2009369369
2010378378
2011386386
2012392392
2013394394
2014395395
2015393393
2016390390
2017385385
2018378379
2019371372
2020361364
2021351355
2022341345
2023329334
2024316323
2025302311
2026287299
2027272285
2028256272
2029239257
2030221243
2031203228
2032185213
2033166198
2034147182
2035127167
2036108152
203788137
203867122
203947107
20402693
2041678
2042-1564
2043-3650
2044-5737
2045-7824
2046-10010
2047-121-2
2048-143-15
2049-165-27
2050-187-40
2051-209-51
2052-232-63
2053-254-75
2054-277-86
2055-300-98
2056-324-109
2057-347-120
2058-372-131
2059-396-142
2060-421-153
2061-447-164
2062-472-175
2063-498-186
2064-525-196
2065-552-207
2066-579-218
2067-607-228
2068-635-239
2069-664-249
2070-693-260
2071-722-270
2072-752-281
2073-782-291
2074-813-302
2075-845-312
2076-876-323
2077-909-333
2078-942-344
2079-975-355
2080-1009-366
2081-1044-376
2082-1079-387
2083-1114-398
2084-1151-409
2085-1188-420
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