Proposed Provision: B1.5. Progressive price indexing (60th percentile) of PIA factors beginning with individuals newly eligible for OASDI benefits in 2027: 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
2020261261
2021248248
2022233233
2023217217
2024200200
2025183183
2026165165
2027148148
2028130130
2029112112
20309494
20317676
20325858
20333939
20342021
203512
2036-19-18
2037-38-37
2038-59-57
2039-80-78
2040-101-98
2041-122-119
2042-144-140
2043-166-162
2044-188-183
2045-210-204
2046-232-226
2047-255-247
2048-277-268
2049-299-289
2050-322-310
2051-344-331
2052-367-351
2053-389-372
2054-412-392
2055-434-413
2056-457-434
2057-480-454
2058-504-475
2059-527-495
2060-551-516
2061-575-537
2062-599-558
2063-624-579
2064-650-601
2065-676-622
2066-702-644
2067-728-666
2068-755-689
2069-782-711
2070-809-734
2071-837-757
2072-866-780
2073-895-803
2074-925-827
2075-955-851
2076-986-876
2077-1018-901
2078-1051-927
2079-1084-953
2080-1119-980
2081-1154-1008
2082-1190-1035
2083-1226-1063
2084-1263-1091
2085-1300-1119
2086-1337-1147
2087-1374-1175
2088-1411-1202
2089-1448-1229
2090-1484-1256
2091-1520-1281
2092-1554-1306
2093-1589-1331
2094-1623-1355
2095-1657-1379
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