Proposed Provision: B1.2. Progressive price indexing (30th percentile) of PIA factors beginning with individuals newly eligible for OASDI 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.

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

Year Current Law Provision
2021253253
2022231231
2023214214
2024196196
2025178178
2026159159
2027141141
2028122122
2029104104
20308585
20316666
20324647
20332727
203478
2035-13-12
2036-33-33
2037-54-53
2038-76-74
2039-97-95
2040-119-117
2041-142-139
2042-165-161
2043-188-183
2044-211-205
2045-235-228
2046-258-250
2047-282-273
2048-306-295
2049-330-317
2050-354-340
2051-378-362
2052-403-384
2053-427-406
2054-452-428
2055-477-450
2056-502-471
2057-527-493
2058-552-514
2059-578-536
2060-604-557
2061-630-579
2062-657-600
2063-684-622
2064-712-644
2065-740-666
2066-768-688
2067-796-709
2068-825-731
2069-855-753
2070-884-775
2071-914-797
2072-945-819
2073-976-841
2074-1007-864
2075-1039-886
2076-1071-909
2077-1105-933
2078-1139-956
2079-1175-981
2080-1211-1005
2081-1248-1030
2082-1286-1055
2083-1324-1080
2084-1363-1105
2085-1403-1130
2086-1443-1155
2087-1483-1180
2088-1524-1205
2089-1564-1229
2090-1604-1252
2091-1643-1273
2092-1681-1294
2093-1718-1313
2094-1754-1331
2095-1789-1349
2096-1825-1366
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