Proposed Provision: B1.4. Progressive price indexing (50th percentile) of PIA factors beginning with individuals newly eligible for OASDI benefits in 2028: Create a new bend point at the 50th percentile of the AIME distribution of newly retired workers. Maintain current-law benefits for earners at the 50th percentile and below. Reduce the 32 and 15 percent factors above the 50th 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
203477
2035-13-12
2036-33-33
2037-54-54
2038-76-75
2039-97-96
2040-119-118
2041-142-140
2042-165-162
2043-188-185
2044-211-207
2045-235-230
2046-258-253
2047-282-276
2048-306-299
2049-330-321
2050-354-344
2051-378-367
2052-403-390
2053-427-413
2054-452-436
2055-477-459
2056-502-481
2057-527-504
2058-552-527
2059-578-550
2060-604-573
2061-630-596
2062-657-619
2063-684-643
2064-712-666
2065-740-690
2066-768-714
2067-796-738
2068-825-763
2069-855-787
2070-884-811
2071-914-836
2072-945-861
2073-976-886
2074-1007-912
2075-1039-937
2076-1071-964
2077-1105-991
2078-1139-1018
2079-1175-1046
2080-1211-1075
2081-1248-1104
2082-1286-1133
2083-1324-1163
2084-1363-1193
2085-1403-1222
2086-1443-1252
2087-1483-1282
2088-1524-1311
2089-1564-1340
2090-1604-1368
2091-1643-1395
2092-1681-1420
2093-1718-1444
2094-1754-1467
2095-1789-1490
2096-1825-1512
back