Proposed Provision: Progressive price indexing (30th percentile) of PIA factors beginning with individuals newly eligible for OASDI benefits in 2021: 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.
  
    OASDI Trust Fund Ratio
    (assets as a percentage of annual expenditures)
    
    
    
    
    
      
        | Year | 
        Present Law | 
        Provision | 
      
    
    
      | 2014 | 320 | 320 |       
| 2015 | 306 | 306 |       
| 2016 | 292 | 292 |       
| 2017 | 277 | 277 |       
| 2018 | 262 | 262 |       
| 2019 | 248 | 248 |       
| 2020 | 233 | 233 |       
| 2021 | 219 | 219 |       
| 2022 | 203 | 203 |       
| 2023 | 187 | 188 |       
| 2024 | 171 | 171 |       
| 2025 | 154 | 155 |       
| 2026 | 137 | 138 |       
| 2027 | 119 | 121 |       
| 2028 | 101 | 103 |       
| 2029 | 83 | 85 |       
| 2030 | 64 | 67 |       
| 2031 | 44 | 48 |       
| 2032 | 23 | 28 |       
| 2033 | 2 | 8 |       
| 2034 | -20 | -12 |       
| 2035 | -42 | -33 |       
| 2036 | -65 | -54 |       
| 2037 | -88 | -75 |       
| 2038 | -112 | -97 |       
| 2039 | -136 | -118 |       
| 2040 | -160 | -140 |       
| 2041 | -185 | -162 |       
| 2042 | -210 | -183 |       
| 2043 | -235 | -205 |       
| 2044 | -260 | -227 |       
| 2045 | -285 | -248 |       
| 2046 | -310 | -269 |       
| 2047 | -336 | -291 |       
| 2048 | -362 | -312 |       
| 2049 | -388 | -333 |       
| 2050 | -415 | -354 |       
| 2051 | -442 | -375 |       
| 2052 | -468 | -396 |       
| 2053 | -495 | -416 |       
| 2054 | -523 | -436 |       
| 2055 | -550 | -457 |       
| 2056 | -578 | -477 |       
| 2057 | -606 | -497 |       
| 2058 | -635 | -517 |       
| 2059 | -664 | -537 |       
| 2060 | -694 | -558 |       
| 2061 | -725 | -578 |       
| 2062 | -756 | -599 |       
| 2063 | -787 | -620 |       
| 2064 | -819 | -640 |       
| 2065 | -852 | -661 |       
| 2066 | -885 | -682 |       
| 2067 | -918 | -703 |       
| 2068 | -952 | -724 |       
| 2069 | -987 | -746 |       
| 2070 | -1022 | -767 |       
| 2071 | -1057 | -788 |       
| 2072 | -1094 | -811 |       
| 2073 | -1132 | -833 |       
| 2074 | -1171 | -856 |       
| 2075 | -1210 | -879 |       
| 2076 | -1251 | -902 |       
| 2077 | -1293 | -926 |       
| 2078 | -1335 | -950 |       
| 2079 | -1378 | -974 |       
| 2080 | -1421 | -997 |       
| 2081 | -1464 | -1021 |       
| 2082 | -1507 | -1044 |       
| 2083 | -1550 | -1067 |       
| 2084 | -1593 | -1089 |       
| 2085 | -1636 | -1112 |       
| 2086 | -1680 | -1134 |       
| 2087 | -1724 | -1156 |       
| 2088 | -1769 | -1179 |       
| 2089 | -1814 | -1201 | 
    
    
  
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