Proposed Provision: B1.6 (2028). Progressive price indexing (30th percentile) of PIA factors beginning with individuals newly eligible for OASI benefits in 2028: 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.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Current Law Provision
2019273273
2020260260
2021245245
2022229229
2023213213
2024197197
2025180180
2026163163
2027147147
2028130130
2029114114
20309797
20318080
20326363
20334646
20342828
20351010
2036-9-8
2037-28-27
2038-47-46
2039-67-65
2040-87-85
2041-108-105
2042-129-125
2043-150-145
2044-171-165
2045-192-184
2046-213-204
2047-234-223
2048-255-243
2049-276-262
2050-297-280
2051-318-299
2052-338-317
2053-359-335
2054-380-353
2055-401-370
2056-422-387
2057-444-404
2058-465-421
2059-487-438
2060-509-455
2061-531-472
2062-554-489
2063-577-506
2064-601-523
2065-625-540
2066-649-557
2067-674-574
2068-699-591
2069-724-608
2070-749-625
2071-776-642
2072-802-660
2073-830-677
2074-857-695
2075-885-712
2076-914-730
2077-944-749
2078-975-767
2079-1007-786
2080-1039-805
2081-1072-824
2082-1106-843
2083-1139-862
2084-1173-880
2085-1207-898
2086-1242-916
2087-1275-933
2088-1309-950
2089-1342-966
2090-1375-981
2091-1407-996
2092-1439-1010
2093-1471-1024
2094-1503-1038
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