Proposed Provision: B1.6 (2029). Progressive price indexing (30th percentile) of PIA factors beginning with individuals newly eligible for OASI benefits in 2029: 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 |
| 2020 | 261 | 261 |
| 2021 | 248 | 248 |
| 2022 | 233 | 233 |
| 2023 | 217 | 217 |
| 2024 | 200 | 200 |
| 2025 | 183 | 183 |
| 2026 | 165 | 165 |
| 2027 | 148 | 148 |
| 2028 | 130 | 130 |
| 2029 | 112 | 112 |
| 2030 | 94 | 94 |
| 2031 | 76 | 76 |
| 2032 | 58 | 58 |
| 2033 | 39 | 39 |
| 2034 | 20 | 20 |
| 2035 | 1 | 1 |
| 2036 | -19 | -18 |
| 2037 | -38 | -38 |
| 2038 | -59 | -58 |
| 2039 | -80 | -79 |
| 2040 | -101 | -99 |
| 2041 | -122 | -120 |
| 2042 | -144 | -141 |
| 2043 | -166 | -163 |
| 2044 | -188 | -184 |
| 2045 | -210 | -206 |
| 2046 | -232 | -227 |
| 2047 | -255 | -248 |
| 2048 | -277 | -269 |
| 2049 | -299 | -290 |
| 2050 | -322 | -311 |
| 2051 | -344 | -332 |
| 2052 | -367 | -352 |
| 2053 | -389 | -373 |
| 2054 | -412 | -393 |
| 2055 | -434 | -413 |
| 2056 | -457 | -433 |
| 2057 | -480 | -453 |
| 2058 | -504 | -473 |
| 2059 | -527 | -493 |
| 2060 | -551 | -513 |
| 2061 | -575 | -533 |
| 2062 | -599 | -553 |
| 2063 | -624 | -574 |
| 2064 | -650 | -594 |
| 2065 | -676 | -614 |
| 2066 | -702 | -635 |
| 2067 | -728 | -656 |
| 2068 | -755 | -676 |
| 2069 | -782 | -697 |
| 2070 | -809 | -718 |
| 2071 | -837 | -739 |
| 2072 | -866 | -760 |
| 2073 | -895 | -782 |
| 2074 | -925 | -804 |
| 2075 | -955 | -826 |
| 2076 | -986 | -849 |
| 2077 | -1018 | -871 |
| 2078 | -1051 | -895 |
| 2079 | -1084 | -919 |
| 2080 | -1119 | -943 |
| 2081 | -1154 | -967 |
| 2082 | -1190 | -992 |
| 2083 | -1226 | -1016 |
| 2084 | -1263 | -1041 |
| 2085 | -1300 | -1066 |
| 2086 | -1337 | -1090 |
| 2087 | -1374 | -1114 |
| 2088 | -1411 | -1137 |
| 2089 | -1448 | -1160 |
| 2090 | -1484 | -1182 |
| 2091 | -1520 | -1203 |
| 2092 | -1554 | -1224 |
| 2093 | -1589 | -1243 |
| 2094 | -1623 | -1263 |
| 2095 | -1657 | -1282 |
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