Description of Proposed Provision:
B1.1: Price indexing of PIA factors beginning with those newly eligible for OASDI benefits in 2024: Reduce factors so that initial benefits grow by inflation rather than by the SSA average wage index.

Financial Estimates for the OASDI Trust Fund Program

  Proposal   Change from Current Law
  Expressed as a percentage of
current-law taxable payroll

Trust fund
ratio as of
January 1
Expressed as a percentage of
current-law taxable payroll
Calendar
year
Cost
rate
Income
rate
Annual
balance

Cost
rate
Income
rate
Annual
balance
201713.4113.03-0.38
298
0.000.000.00
201813.4912.93-0.56
287
0.000.000.00
201913.7012.95-0.75
273
0.000.000.00
202013.8512.96-0.89
259
0.000.000.00
202114.0212.99-1.03
245
0.000.000.00
202214.2613.02-1.23
230
0.000.000.00
202314.5413.05-1.50
215
0.000.000.00
202414.8213.08-1.74
199
-0.00-0.000.00
202515.0913.10-1.99
182
-0.01-0.000.01
202615.3513.13-2.22
165
-0.02-0.000.02
202715.5813.15-2.43
148
-0.03-0.000.03
202815.8013.17-2.63
131
-0.05-0.000.05
202915.9913.18-2.81
113
-0.08-0.000.08
203016.1513.19-2.96
96
-0.12-0.000.11
203116.2913.20-3.09
78
-0.16-0.010.16
203216.3913.21-3.18
60
-0.22-0.010.21
203316.4613.21-3.25
41
-0.28-0.010.27
203416.5013.22-3.28
22
-0.35-0.020.33
203516.5013.22-3.28
3
-0.43-0.020.41
203616.4813.22-3.26
----
-0.51-0.020.49
203716.4213.22-3.20
----
-0.60-0.030.57
203816.3313.22-3.11
----
-0.70-0.030.66
203916.2013.21-2.99
----
-0.80-0.040.76
204016.0613.20-2.86
----
-0.90-0.040.86
204115.9113.20-2.71
----
-1.01-0.050.96
204215.7413.19-2.55
----
-1.12-0.051.07
204315.5613.18-2.38
----
-1.24-0.061.18
204415.3913.17-2.22
----
-1.37-0.071.30
204515.2213.16-2.05
----
-1.50-0.071.43
204615.0513.16-1.89
----
-1.63-0.081.55
204714.8713.15-1.73
----
-1.77-0.091.69
204814.7013.14-1.56
----
-1.92-0.091.82
204914.5313.13-1.39
----
-2.06-0.101.96
205014.3513.12-1.23
----
-2.21-0.112.10
205114.1913.11-1.07
----
-2.37-0.122.25
205214.0313.11-0.93
----
-2.52-0.132.40
205313.8813.10-0.78
----
-2.69-0.132.55
205413.7413.09-0.65
----
-2.85-0.142.71
205513.6113.09-0.52
----
-3.01-0.152.86
205613.4813.08-0.40
----
-3.18-0.163.02
205713.3513.07-0.28
----
-3.35-0.173.18
205813.2313.07-0.16
----
-3.51-0.183.33
205913.1113.06-0.04
----
-3.68-0.193.49
206012.9913.060.07
----
-3.84-0.203.65
206112.8713.050.18
----
-4.00-0.203.80
206212.7613.050.29
----
-4.16-0.213.95
206312.6513.040.39
----
-4.32-0.224.10
206412.5413.030.50
----
-4.48-0.234.25
206512.4313.030.60
----
-4.64-0.244.40
206612.3313.020.70
----
-4.79-0.254.55
206712.2213.020.80
----
-4.95-0.264.69
206812.1213.010.89
----
-5.10-0.264.84
206912.0213.010.99
----
-5.25-0.274.98
207011.9213.001.08
----
-5.41-0.285.12
207111.8213.001.18
----
-5.55-0.295.27
207211.7112.991.28
----
-5.70-0.305.40
207311.6112.991.38
----
-5.84-0.305.54
207411.5012.981.48
----
-5.98-0.315.67
207511.3912.981.59
----
-6.12-0.325.80
207611.2712.971.70
----
-6.25-0.335.92
207711.1512.971.81
----
-6.37-0.336.04
207811.0312.961.93
----
-6.49-0.346.15
207910.9112.952.04
----
-6.61-0.346.26
208010.7912.952.16
----
-6.72-0.356.37
208110.6612.942.28
----
-6.84-0.366.48
208210.5512.932.39
----
-6.96-0.366.59
208310.4412.932.49
----
-7.08-0.376.71
208410.3312.922.59
----
-7.20-0.386.82
208510.2312.922.69
----
-7.32-0.386.94
208610.1312.912.78
----
-7.45-0.397.06
208710.0412.912.87
----
-7.58-0.407.18
20889.9512.902.96
----
-7.71-0.407.31
20899.8612.903.04
----
-7.84-0.417.43
20909.7812.893.12
----
-7.97-0.427.55
20919.6912.893.20
----
-8.10-0.427.68
20929.6112.893.28
----
-8.23-0.437.80


Summarized Estimates

  Proposal   Change from Current Law
Years Cost
rate
Income
rate
Actuarial
balance

Year of reserve
depletion
1

Cost
rate
Income
rate
Actuarial
balance
2017-2091 13.87% 13.70% -0.18%
2035
-2.79% -0.14% 2.65%

1 Under current law, the year of Trust Fund reserve depletion is 2034.
Based on Intermediate Assumptions of the 2017 Trustees Report.