Proposed Provision: B1.6 (2025). Progressive price indexing (30th percentile) of PIA factors beginning with individuals newly eligible for OASI benefits in 2025: 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. Young survivors (children of deceased workers and surviving spouses with a child in care) are not affected.

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

Year Current Law Provision
2021253253
2022231231
2023214214
2024196196
2025178178
2026159159
2027141141
2028122123
2029104104
20308585
20316666
20324647
20332728
203478
2035-13-12
2036-33-32
2037-54-52
2038-76-73
2039-97-94
2040-119-115
2041-142-137
2042-165-158
2043-188-180
2044-211-202
2045-235-224
2046-258-246
2047-282-268
2048-306-290
2049-330-312
2050-354-334
2051-378-356
2052-403-377
2053-427-399
2054-452-421
2055-477-442
2056-502-463
2057-527-485
2058-552-506
2059-578-527
2060-604-548
2061-630-569
2062-657-590
2063-684-612
2064-712-633
2065-740-655
2066-768-677
2067-796-698
2068-825-720
2069-855-742
2070-884-764
2071-914-786
2072-945-808
2073-976-830
2074-1007-852
2075-1039-875
2076-1071-898
2077-1105-922
2078-1139-946
2079-1175-970
2080-1211-995
2081-1248-1020
2082-1286-1046
2083-1324-1071
2084-1363-1097
2085-1403-1122
2086-1443-1148
2087-1483-1173
2088-1524-1198
2089-1564-1222
2090-1604-1246
2091-1643-1268
2092-1681-1289
2093-1718-1310
2094-1754-1329
2095-1789-1348
2096-1825-1366
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