Number 
Table and graph selection 
B1.1 
Price indexing of PIA factors beginning with those newly eligible for OASDI
benefits in 2023: Reduce factors so that initial benefits grow by inflation
rather than by the SSA average wage index.
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Memorandum containing this or a similar provision:

B1.2 
Progressive price indexing (30th percentile) of PIA factors beginning with
individuals newly eligible for OASDI benefits in 2023: Create a new bend
point at the 30th percentile of the AIME distribution of newly retired workers.
Maintain currentlaw 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.
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Memorandum containing this or a similar provision:

B1.3 
Progressive price indexing (40th percentile) of PIA factors beginning with
individuals newly eligible for OASDI benefits in 2023: Create a new bend point
at the 40th percentile of the AIME distribution of newly retired workers. Maintain
currentlaw benefits for earners at the 40th percentile and below. Reduce the 32
and 15 percent factors above the 40th 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.
Summary measures and graphs
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Memorandum containing this or a similar provision:

B1.4 
Progressive price indexing (50th percentile) of PIA factors beginning with
individuals newly eligible for OASDI benefits in 2023: Create a new bend point
at the 50th percentile of the AIME distribution of newly retired workers. Maintain
currentlaw 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.
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Memorandum containing this or a similar provision:

B1.5 
Progressive price indexing (60th percentile) of PIA factors beginning with
individuals newly eligible for OASDI benefits in 2023: Create a new bend point
at the 60th percentile of the AIME distribution of newly retired workers. Maintain
currentlaw 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.
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B1.6 (2020) 
Progressive price indexing (30th percentile) of PIA factors beginning with
individuals newly eligible for OASI benefits in 2020: Create a new bend point
at the 30th percentile of the AIME distribution of newly retired workers. Maintain
currentlaw 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 retiredworker
beneficiary status. Young survivors (children of deceased workers and surviving
spouses with a child in care) are not affected.
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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
currentlaw 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 retiredworker
beneficiary status.
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B1.7 
Progressive price indexing (40th percentile) of PIA factors for individuals newly
eligible for OASI benefits in 2024 through 2061: Create a new bend point at the
40th percentile of the AIME distribution of newly retired workers. Maintain currentlaw
benefits for earners at the 40th percentile and below. Reduce the 32 and 15 percent
factors above the 40th 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 retiredworker beneficiary status. Young
survivors (children of deceased workers and surviving spouses with a child in care)
are not affected.
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B1.8 
Progressive price indexing (50th percentile) of PIA factors for individuals newly
eligible for OASI benefits in 2021 through 2060: Create a new bend point at the
50th percentile of the AIME distribution of newly retired workers. Maintain currentlaw
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. 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 retiredworker beneficiary status.
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B2.1 
Beginning with those newly eligible for OASI benefits in 2026, multiply the PIA factors
by the ratio of life expectancy at 67 for 2021 to the life expectancy at age 67 for the
4th year prior to the year of benefit eligibility. Unisex life expectancies, based on
period life tables as computed by SSA's Office of the Chief Actuary, are used to determine
the ratio. 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 retiredworker beneficiary status.
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B3.1 
Beginning with those newly eligible for OASDI benefits in 2017, multiply the 32 and 15
percent PIA factors each year by 0.987. Stop reductions after 2047, when the factors
reach 21 percent and 10 percent, respectively.
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B3.2 
Beginning with those newly eligible for OASI benefits in 2024, multiply the 90 and 32
percent PIA factors each year by 0.9925 and 0.982, respectively. Stop reductions after
2061. Beginning with those newly eligible for OASI benefits in 2019, multiply the 15
factor by 0.982. Stop reduction of the 15 factor after 2056. 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
retiredworker beneficiary status. Child beneficiaries and spouses with a child in
care under the OASI program are not affected by this proposal.
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B3.3 
Beginning with those newly eligible for OASDI benefits in 2017, use a modified primary
insurance amount (PIA) formula. The modified formula: (1) increases the first bend point
to the equivalent of $800 in 2009; (2) places a new bend point 75 percent of the way
between the reset first bend point and the currentlaw second bend point; (3) lowers the
PIA factor between the new bend point and the upper bend point from 32 percent to 20
percent; and (4) lowers the factor above the upper bend point from 15 percent to 10 percent.
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B3.4 
Beginning with those newly eligible for OASDI benefits in 2020, multiply all PIA factors
each year by 0.991. Stop reductions after 2048. 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 retiredworker beneficiary
status. Young survivors (children of deceased workers and surviving spouses with a child
in care) are not affected.
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B3.5 
Progressive indexing (30th percentile) of PIA factors beginning with individuals newly
eligible for OASI benefits in 2019, continuing through 2056, and resuming in 2077: Create
a new bend point at the 30th percentile of the AIME distribution of newly retired workers.
Maintain currentlaw 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 is reduced by 1.21 percent per year as compared to current
law (for the years that progressive indexing applies). 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 retiredworker beneficiary status.
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Memorandum containing this or a similar provision:

B3.6 
Progressive indexing (30th percentile) of PIA factors beginning with individuals newly
eligible for OASI benefits in 2019, continuing through 2068: Create a new bend point
at the 30th percentile of the AIME distribution of newly retired workers. Maintain
currentlaw 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 is reduced by 1.21 percent per year as compared to current
law (for the years that progressive indexing applies). 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 retiredworker beneficiary status.
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Memorandum containing this or a similar provision:

B3.7 
Progressive indexing (30th percentile) of PIA factors beginning with individuals newly
eligible for OASI benefits in 2019, continuing through 2028, and resuming in 2067:
Create a new bend point at the 30th percentile of the AIME distribution of newly retired
workers. Maintain currentlaw 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 is reduced by 1.21 percent per year as compared
to current law (for the years that progressive indexing applies). 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 retiredworker
beneficiary status.
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Memorandum containing this or a similar provision:

B3.8 
Beginning with those newly eligible for OASDI benefits in 2023, create a new bend point
at the 50th percentile of the AIME distribution of newly retired workers and gradually
reduce all PIA factors except for the 90 percent factor. By 2056: a) the 32 percent PIA
factor below the new bend point reduces to 30 percent; b) the 32 percent PIA factor above
the new bend point reduces to 10 percent; and c) the 15 percent PIA factor reduces to 5 percent.
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B3.9 
Beginning with those newly eligible for OASDI benefits in 2029, gradually reduce the 15
percent PIA factor in each year so that it reaches 10 percent for those newly eligible
in 2058 and later.
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B3.10 
Beginning with those newly eligible for OASDI benefits in 2023, gradually increase the
first PIA bend point in each year so that it is 15 percent higher for those newly
eligible in 2037 and later.
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B3.11 
Increase the first PIA factor from 90 percent to 93 percent for all beneficiaries eligible
as of January 2018 and for those newly eligible for benefits after 2018.
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B4.1 
Increase the number of years used to calculate benefits for retirees and survivors (but
not for disabled workers) from 35 to 38, phased in over the years 20172021.
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B4.2 
Increase the number of years used to calculate benefits for retirees and survivors (but
not for disabled workers) from 35 to 40, phased in over the years 20172025.
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B4.3 
For the OASI and DI computation of the PIA, gradually reduce the maximum number of
dropout years from 5 to 0, phased in over the years 20182026.
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B4.4 
Reduce the number of computation years (increase dropout years) for parents
having a child in care under the age of 6. The parent must have no earnings
(covered or noncovered) for the year to be eligible for the credit. Only
one parent can claim the childcare added dropout year for a given earnings
year. Each parent can earn at most 2 dropout years per child, and a maximum
of 5 dropout years in total. The years designated as childcare years do not
have to be the years that could otherwise be included in the computation of
the average indexed monthly earnings (AIME). The provision would be effective
for all benefits payable for entitlement in January 2018 and later (without
regard for when the beneficiary became initially eligible).
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B5.1 
Increase the PIA to a level such that a worker with 30 years of earnings at
the minimum wage level receives an adjusted PIA equal to 120 percent of the
Federal poverty level for an aged individual. This provision takes full effect
for all newly eligible OASDI workers in 2034, and is phased in for new eligibles
in 2025 through 2033. The percentage increase in PIA is lowered proportionately
for those with fewer than 30 years of earnings, down to no enhancement for workers
with 20 or fewer years of earnings. (Yearofwork requirements are "scaled" for
disabled workers based on their years of potential work from age 22 to benefit
eligibility). The benefit enhancement percentage is reduced proportionately for
workers with higher average indexed monthly earnings (AIME), down to no enhancement
for those with AIME at least twice that of a 35year steady minimum wage earner.
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B5.2 
Beginning for those newly eligible in 2017, reconfigure the special minimum
benefit: (a) A year of coverage is defined as a year in which 4 quarters of
coverage are earned. (b) At implementation, set the PIA for 30 years of
coverage equal to 125 percent of the monthly poverty level (about $1,226 in
2015). For those with under 30 years of coverage, the PIA per year of coverage
over 10 years is $1,226/20 = $61.30. (c) Index the initial PIA per year of
coverage by wage growth for successive cohorts.
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B5.3 
Beginning for those newly eligible in 2017, reconfigure the special minimum
benefit: (a) A year of coverage is defined to be either a year in which 4
quarters of coverage are earned or a child is in care. Childcare years are
granted to parents who have a child under 5, with a limit of 8 such years.
(b) At implementation, set the PIA for 30 years of coverage equal to 125
percent of the monthly poverty level (about $1,226 in 2015). For those with
under 30 years of coverage, the PIA per year of coverage over 10 years is
$1,226/20 = $61.30. (c) Index the initial PIA per year of coverage by wage
growth for successive cohorts.
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B5.4 
Beginning for those newly eligible in 2023, reconfigure the special minimum
benefit: (a) A year of coverage is defined as a year in which 4 quarters of
coverage are earned. (b) At implementation, set the PIA for 30 years of
coverage equal to 125 percent of the monthly poverty level (about $1,226 in
2015). For those with under 30 years of coverage, the PIA per year of coverage
over 10 years is $1,226/20 = $61.30. (c) From 2015 to the year of implementation,
2023, index the PIA per year of coverage using the chainCPI index. Then, for
later years, index the PIA per year of coverage by wage growth for successive
cohorts. (d) Scale work requirements for disabled workers, based on the number
of years of nondisabled potential work.
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B5.5 
Beginning for those newly eligible in 2018, reconfigure the special minimum
benefit: (a) A year of coverage is defined as a year in which either 20
percent of the "old law maximum" is earned or a child is in care. Childcare
years are granted to parents who have a child under 6, with a limit of 8 such
years. (b) At implementation, set the PIA for 30 years of coverage equal to
133 percent of the Census monthly poverty level (about $1,260 in 2015). For
those with under 30 years of coverage, the PIA per year of coverage over 19
years is $1,260/11 = $114.50. (c) Index the initial PIA per year of coverage
by wage growth for successive cohorts. (d) Scale work requirements for disabled
workers, based on the number of years of nondisabled potential work.
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B5.6 
Beginning for those newly eligible in 2017, reconfigure the special minimum
benefit: (a) A year of coverage is defined to be either a year in which 4
quarters of coverage are earned or a child is in care. Childcare years are
granted to parents who have a child under 6, with a limit of 5 such years.
(b) At implementation, set the PIA for 30 years of coverage equal to 100
percent of the monthly poverty level (about $990 in 2016). For those with
under 30 years of coverage, the PIA per year of coverage over 10 years is
$990/20 = $49.50. (c) From 2016 to the year of implementation, 2017, index the
PIA per year of coverage using the CPI index. Then, for later years, index the
PIA per year of coverage by wage growth for successive cohorts. (d) Scale work
requirements for disabled workers, based on the number of years of nondisabled
potential work.
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B5.7 
Beginning for those newly eligible in 2019, reconfigure the special minimum benefit:
(a) The number of years of work (YOWs) is determined as total quarters of coverage
divided by 4, ignoring any fraction. Childcare years are granted to parents who have
a child under 6, with a limit of 5 such years. (b) At implementation, set the PIA for
30+ YOWs equal to 100 percent of the monthly HHS poverty level for the year prior to
eligibility. For workers between 11 and 29 YOWs, reduce the special minimum by 3 1/3
percentage points per YOW so that at 29 YOWs the minimum would be 96 2/3% of poverty, ...,
down to 11 YOWs at 36 2/3% of poverty. No minimum for 10 or fewer YOWs.
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B6.1 
Provide a 5 percent increase to the monthly benefit amount (MBA) of any
beneficiary who is 85 or older at the beginning of 2017 or who reaches
their 85th birthday after the beginning of 2017.
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B6.2 
Provide the same dollar amount increase to the monthly benefit amount
(MBA) of any beneficiary who is 85 or older at the beginning of 2017
or who reaches their 85th birthday after the beginning of 2017. The
dollar amount of increase equals 5 percent of the average retiredworker
MBA in the prior year.
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B6.3 
Provide an increase in the benefit level of any beneficiary who is 85 or
older at the beginning of 2018 or who reaches their 85th birthday after
the beginning of 2018. Increase the beneficiary's PIA based on an amount
equal to the average retiredworker PIA at the end of 2017, or at the end
of the year age 80 if later. Increase the beneficiary's PIA by 5 percent
of this amount for those older than 85 at the beginning of 2018 and by 5
percent of this amount at age 85 for others, phased in at 1 percent per
year for ages 8185.
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B6.4 
Starting in 2017, provide a 5 percent uniform benefit increase 24 years
after initial benefit eligibility. Phase in the benefit increase at 1
percent per year from the 20th through 24th years after eligibility. For
disabled workers, the eligibility age is the initial entitlement year to
the benefit. The benefit increase is equal to 5 percent of the PIA of a
worker assumed to have careeraverage earnings equal to SSA's average wage
index.
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B6.5 
Starting in 2019, provide a 5 percent uniform PIA increase 20 years after
benefit eligibility. Phase in the PIA increase at 1 percent per year from
the 16th through 20th years after eligibility. The full PIA increase is
equal to 5 percent of the PIA of a worker assumed to have careeraverage
earnings equal to the SSA average wage index.
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B6.6 
Starting in 2023, provide a uniform PIA increase 23 years after benefit
eligibility. Phase in the PIA increase at 0.5 percent per year from the
14th through the 23rd years after eligibility. The full PIA increase is
equal to 5 percent of the average retired worker PIA in December of the
12th year after benefit eligibility. A similar additional PIA increase
applies 42 years after benefit eligibility (age 104), phased in from the
33rd through the 42nd years after eligibility. For those past the 14th
year of eligibility in 2023 (over age 76 for retirees), phase in the PIA
enhancement over 10 years starting in 2023. Auxiliary beneficiaries
receive benefit enhancement based on the PIA of the governing worker.
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B7.1 
Reduce benefits by 3 percent for those newly eligible for benefits in 2017 and later.
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B7.2 
Reduce benefits by 5 percent for those newly eligible for benefits in 2017 and later.
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B7.3 
Give credit to parents with a child under 6 for earnings for up to five years.
The earnings credited for a childcare year equal one half of the SSA average wage
index (about $23,865 in 2015). The credits are available for all past years to
newly eligible retiredworker and disabledworker beneficiaries starting in 2017.
The 5 years are chosen to yield the largest increase in AIME.
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B7.4 
Increase benefits by 2 percent for all beneficiaries as of the beginning of 2017
and for those newly eligible for benefits after the beginning of 2017.
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B7.5 
Increase benefits by 5 percent for all beneficiaries as of the beginning of
2017 and for those newly eligible for benefits after the beginning of 2017.
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B7.6 
Increase benefits by 20 percent for all beneficiaries as of the beginning of
2017 and for those newly eligible for benefits after the beginning of 2017.
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B7.7 
Reduce individual Social Security benefits if modified adjusted gross income,
or MAGI (AGI less taxable Social Security benefits plus nontaxable interest
income) is above $60,000 for single taxpayers or $120,000 for taxpayers filing
jointly. This provision is effective for individuals newly eligible for benefits
in 2021 or later. The percentage reduction increases linearly up to 50 percent
for single/joint filers with MAGI of $180,000/$360,000 or above. Index the MAGI
thresholds for years after 2021, based on changes in the SSA average wage index.
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Above provisions
Summary measures
