Proposed Provision: 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.

OASDI Cost Rates and Income Rates
(as a percentage of taxable payroll)

  Income Rates Cost Rates
Year Present Law Provision Present Law Provision
201612.912.914.014.0
201712.912.913.713.7
201813.013.013.913.9
201913.013.014.014.0
202013.013.014.114.1
202113.013.014.314.2
202213.013.014.514.4
202313.113.114.814.7
202413.113.115.014.9
202513.113.115.315.2
202613.113.115.515.3
202713.113.115.615.4
202813.213.115.815.6
202913.213.216.015.7
203013.213.216.115.7
203113.213.216.215.8
203213.213.216.315.9
203313.213.216.415.9
203413.213.216.515.9
203513.213.216.515.8
203613.213.216.615.8
203713.213.216.615.8
203813.213.216.615.7
203913.213.216.615.7
204013.213.216.615.6
204113.213.216.615.5
204213.213.216.515.4
204313.213.216.515.2
204413.213.216.515.1
204513.213.216.415.0
204613.213.216.414.9
204713.213.116.414.8
204813.213.116.414.7
204913.213.116.414.6
205013.213.116.414.5
205113.213.116.414.4
205213.213.116.414.4
205313.213.116.414.3
205413.213.116.414.3
205513.213.116.514.2
205613.213.116.514.2
205713.313.116.614.2
205813.313.116.614.2
205913.313.116.714.2
206013.313.116.714.2
206113.313.116.814.2
206213.313.116.814.2
206313.313.116.914.2
206413.313.116.914.2
206513.313.117.014.2
206613.313.117.014.2
206713.313.117.114.2
206813.313.117.114.3
206913.313.117.214.3
207013.313.117.214.3
207113.313.117.314.3
207213.313.117.314.3
207313.313.117.314.4
207413.313.117.414.4
207513.313.117.414.4
207613.313.117.414.4
207713.313.117.414.4
207813.313.117.414.4
207913.313.117.414.4
208013.313.117.414.4
208113.313.117.414.4
208213.313.117.414.4
208313.313.117.414.4
208413.313.117.414.4
208513.313.117.514.4
208613.313.117.514.4
208713.313.217.514.5
208813.313.217.614.5
208913.313.217.614.5
209013.313.217.714.6
209113.313.217.714.6
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