Proposed Provision: B1.4. Progressive price indexing (50th percentile) of PIA factors beginning with individuals newly eligible for OASDI benefits in 2024: Create a new bend point at the 50th percentile of the AIME distribution of newly retired workers. Maintain current-law benefits for earners at the 50th percentile and below. Reduce the 32 and 15 percent factors above the 50th 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 |
Current Law |
Provision |
| 2017 | 298 | 298 |
| 2018 | 287 | 287 |
| 2019 | 273 | 273 |
| 2020 | 259 | 259 |
| 2021 | 245 | 245 |
| 2022 | 230 | 230 |
| 2023 | 215 | 215 |
| 2024 | 199 | 199 |
| 2025 | 182 | 182 |
| 2026 | 165 | 165 |
| 2027 | 148 | 148 |
| 2028 | 130 | 130 |
| 2029 | 112 | 113 |
| 2030 | 94 | 95 |
| 2031 | 75 | 76 |
| 2032 | 56 | 57 |
| 2033 | 37 | 38 |
| 2034 | 16 | 18 |
| 2035 | -4 | -2 |
| 2036 | -26 | -23 |
| 2037 | -47 | -44 |
| 2038 | -70 | -65 |
| 2039 | -92 | -87 |
| 2040 | -115 | -109 |
| 2041 | -138 | -130 |
| 2042 | -161 | -152 |
| 2043 | -184 | -174 |
| 2044 | -207 | -195 |
| 2045 | -230 | -217 |
| 2046 | -253 | -238 |
| 2047 | -276 | -259 |
| 2048 | -300 | -280 |
| 2049 | -323 | -301 |
| 2050 | -346 | -321 |
| 2051 | -370 | -342 |
| 2052 | -393 | -362 |
| 2053 | -417 | -382 |
| 2054 | -440 | -402 |
| 2055 | -464 | -422 |
| 2056 | -487 | -442 |
| 2057 | -511 | -461 |
| 2058 | -536 | -481 |
| 2059 | -560 | -501 |
| 2060 | -585 | -521 |
| 2061 | -611 | -541 |
| 2062 | -637 | -562 |
| 2063 | -663 | -582 |
| 2064 | -690 | -603 |
| 2065 | -717 | -623 |
| 2066 | -745 | -644 |
| 2067 | -772 | -665 |
| 2068 | -801 | -686 |
| 2069 | -829 | -707 |
| 2070 | -858 | -728 |
| 2071 | -888 | -750 |
| 2072 | -918 | -772 |
| 2073 | -949 | -794 |
| 2074 | -981 | -817 |
| 2075 | -1014 | -840 |
| 2076 | -1047 | -864 |
| 2077 | -1082 | -888 |
| 2078 | -1117 | -912 |
| 2079 | -1153 | -937 |
| 2080 | -1190 | -962 |
| 2081 | -1227 | -986 |
| 2082 | -1264 | -1011 |
| 2083 | -1300 | -1035 |
| 2084 | -1337 | -1058 |
| 2085 | -1374 | -1082 |
| 2086 | -1410 | -1104 |
| 2087 | -1446 | -1127 |
| 2088 | -1483 | -1149 |
| 2089 | -1520 | -1172 |
| 2090 | -1557 | -1194 |
| 2091 | -1595 | -1217 |
| 2092 | -1633 | -1240 |
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