Proposed Provision: B1.5. Progressive price indexing (60th percentile) of PIA factors beginning with individuals newly eligible for OASDI benefits in 2025: Create a new bend point at the 60th percentile of the AIME distribution of newly retired workers. Maintain current-law benefits for earners at the 60th percentile and below. Reduce the 32 and 15 percent factors above the 60th 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
20316969
20325152
20333334
20341415
2035-5-4
2036-25-23
2037-46-43
2038-67-64
2039-88-84
2040-110-105
2041-132-126
2042-154-147
2043-176-169
2044-199-190
2045-221-211
2046-244-232
2047-267-253
2048-289-274
2049-312-294
2050-335-315
2051-358-336
2052-381-356
2053-403-376
2054-426-396
2055-450-416
2056-473-436
2057-496-456
2058-520-476
2059-544-496
2060-569-517
2061-594-537
2062-619-558
2063-645-579
2064-671-600
2065-698-622
2066-725-643
2067-752-665
2068-780-687
2069-808-709
2070-837-731
2071-866-753
2072-896-776
2073-927-800
2074-958-823
2075-990-847
2076-1023-872
2077-1057-898
2078-1092-924
2079-1128-951
2080-1165-978
2081-1202-1006
2082-1240-1033
2083-1278-1061
2084-1316-1089
2085-1354-1117
2086-1392-1144
2087-1430-1171
2088-1468-1198
2089-1505-1225
2090-1543-1251
2091-1580-1278
2092-1618-1304
2093-1655-1331
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