Proposed Provision: Progressive price indexing (30th percentile) of PIA factors beginning with individuals newly eligible for OASI benefits in 2019: 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. Disabled workers are: (a) not affected prior to normal retirement age; and (b) subject to a proportional reduction in benefits, based on the worker's years of disability, upon conversion to retired-worker beneficiary status. Young survivors (children of deceased workers and surviving spouses with a child in care) are not affected.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Present Law Provision
2015308308
2016298298
2017280280
2018264264
2019248248
2020233233
2021219219
2022204204
2023189189
2024173174
2025157159
2026142144
2027126129
2028110114
20299499
20307784
20316068
20324252
20332335
2034418
2035-161
2036-36-17
2037-57-35
2038-78-53
2039-100-71
2040-122-89
2041-144-107
2042-166-125
2043-189-142
2044-211-160
2045-234-177
2046-257-195
2047-280-212
2048-303-229
2049-327-245
2050-351-262
2051-375-278
2052-398-294
2053-423-310
2054-447-325
2055-472-341
2056-496-356
2057-522-372
2058-548-388
2059-574-403
2060-601-419
2061-629-435
2062-657-451
2063-685-467
2064-714-483
2065-744-499
2066-774-516
2067-804-532
2068-835-548
2069-867-565
2070-899-582
2071-932-599
2072-965-616
2073-1000-634
2074-1035-652
2075-1072-670
2076-1110-689
2077-1148-708
2078-1188-727
2079-1228-746
2080-1268-764
2081-1309-783
2082-1350-802
2083-1391-820
2084-1432-838
2085-1472-856
2086-1514-874
2087-1555-891
2088-1597-909
2089-1640-927
2090-1683-945
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