Proposed Provision: B1.6 (2020). Progressive price indexing (30th percentile) of PIA factors beginning with individuals newly eligible for OASI benefits in 2020: 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 |
| 2016 | 303 | 303 |
| 2017 | 293 | 293 |
| 2018 | 277 | 277 |
| 2019 | 262 | 262 |
| 2020 | 246 | 246 |
| 2021 | 231 | 231 |
| 2022 | 216 | 216 |
| 2023 | 200 | 200 |
| 2024 | 183 | 183 |
| 2025 | 165 | 166 |
| 2026 | 149 | 150 |
| 2027 | 132 | 134 |
| 2028 | 115 | 117 |
| 2029 | 98 | 101 |
| 2030 | 81 | 85 |
| 2031 | 64 | 69 |
| 2032 | 46 | 52 |
| 2033 | 27 | 35 |
| 2034 | 8 | 18 |
| 2035 | -11 | 1 |
| 2036 | -30 | -16 |
| 2037 | -50 | -34 |
| 2038 | -71 | -52 |
| 2039 | -91 | -69 |
| 2040 | -112 | -87 |
| 2041 | -133 | -105 |
| 2042 | -154 | -122 |
| 2043 | -176 | -140 |
| 2044 | -197 | -157 |
| 2045 | -218 | -174 |
| 2046 | -240 | -190 |
| 2047 | -262 | -207 |
| 2048 | -283 | -223 |
| 2049 | -305 | -239 |
| 2050 | -327 | -254 |
| 2051 | -349 | -269 |
| 2052 | -371 | -284 |
| 2053 | -393 | -299 |
| 2054 | -415 | -313 |
| 2055 | -437 | -327 |
| 2056 | -460 | -341 |
| 2057 | -482 | -355 |
| 2058 | -506 | -369 |
| 2059 | -529 | -383 |
| 2060 | -553 | -397 |
| 2061 | -578 | -410 |
| 2062 | -603 | -424 |
| 2063 | -628 | -438 |
| 2064 | -654 | -452 |
| 2065 | -680 | -466 |
| 2066 | -706 | -479 |
| 2067 | -733 | -493 |
| 2068 | -760 | -507 |
| 2069 | -788 | -521 |
| 2070 | -816 | -535 |
| 2071 | -845 | -549 |
| 2072 | -874 | -563 |
| 2073 | -905 | -577 |
| 2074 | -935 | -592 |
| 2075 | -967 | -607 |
| 2076 | -1000 | -621 |
| 2077 | -1033 | -637 |
| 2078 | -1068 | -652 |
| 2079 | -1102 | -667 |
| 2080 | -1138 | -682 |
| 2081 | -1173 | -696 |
| 2082 | -1208 | -711 |
| 2083 | -1243 | -725 |
| 2084 | -1279 | -738 |
| 2085 | -1314 | -751 |
| 2086 | -1349 | -764 |
| 2087 | -1384 | -777 |
| 2088 | -1419 | -790 |
| 2089 | -1455 | -803 |
| 2090 | -1491 | -815 |
| 2091 | -1528 | -828 |
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