Proposed Provision: B1.2. Progressive price indexing (30th percentile) of PIA factors beginning with individuals newly eligible for OASDI benefits in 2025: 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 Current Law Provision
2018288288
2019272272
2020256256
2021239239
2022223223
2023206206
2024188188
2025171171
2026154154
2027137137
2028120121
2029104104
20308687
20316970
20325153
20333335
20341417
2035-5-2
2036-25-21
2037-46-41
2038-67-60
2039-88-80
2040-110-100
2041-132-121
2042-154-141
2043-176-161
2044-199-181
2045-221-201
2046-244-220
2047-267-240
2048-289-259
2049-312-278
2050-335-296
2051-358-314
2052-381-332
2053-403-350
2054-426-367
2055-450-384
2056-473-401
2057-496-417
2058-520-434
2059-544-450
2060-569-466
2061-594-483
2062-619-499
2063-645-515
2064-671-531
2065-698-547
2066-725-563
2067-752-579
2068-780-595
2069-808-611
2070-837-627
2071-866-644
2072-896-660
2073-927-676
2074-958-693
2075-990-709
2076-1023-726
2077-1057-744
2078-1092-761
2079-1128-779
2080-1165-797
2081-1202-815
2082-1240-832
2083-1278-849
2084-1316-866
2085-1354-883
2086-1392-898
2087-1430-914
2088-1468-929
2089-1505-943
2090-1543-956
2091-1580-970
2092-1618-983
2093-1655-996
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