Proposed Provision: 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 2024 or who reaches their 85th birthday after the beginning of 2024.

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

  Income Rates Cost Rates
Year Current Law Provision Current Law Provision
202313.313.314.514.5
202412.912.914.914.9
202513.013.015.015.1
202613.113.115.215.3
202713.113.115.415.5
202813.113.115.615.6
202913.213.215.715.8
203013.213.215.916.0
203113.213.216.016.1
203213.213.216.116.2
203313.213.316.316.4
203413.313.316.416.5
203513.313.316.516.6
203613.313.316.616.7
203713.313.316.616.7
203813.313.316.716.8
203913.313.316.716.9
204013.313.316.816.9
204113.313.316.816.9
204213.313.316.817.0
204313.313.316.817.0
204413.313.316.817.0
204513.313.316.917.0
204613.313.316.917.0
204713.313.316.917.0
204813.313.316.917.1
204913.313.317.017.1
205013.313.317.017.1
205113.313.317.017.2
205213.313.317.117.2
205313.313.317.117.3
205413.313.317.217.3
205513.313.417.217.4
205613.313.417.317.4
205713.413.417.417.5
205813.413.417.517.6
205913.413.417.517.7
206013.413.417.617.8
206113.413.417.717.8
206213.413.417.817.9
206313.413.417.818.0
206413.413.417.918.0
206513.413.417.918.1
206613.413.418.018.2
206713.413.418.118.2
206813.413.418.118.3
206913.413.418.218.3
207013.413.418.218.4
207113.413.418.318.4
207213.413.418.318.5
207313.413.418.418.5
207413.413.418.418.6
207513.413.518.518.6
207613.413.518.518.7
207713.413.518.518.7
207813.413.518.518.7
207913.413.518.518.7
208013.413.518.518.6
208113.413.518.418.6
208213.413.518.418.6
208313.413.518.318.5
208413.413.418.318.5
208513.413.418.218.4
208613.413.418.218.3
208713.413.418.118.3
208813.413.418.018.2
208913.413.418.018.1
209013.413.417.918.1
209113.413.417.818.0
209213.413.417.818.0
209313.413.417.818.0
209413.413.417.817.9
209513.413.417.717.9
209613.413.417.717.9
209713.413.417.817.9
209813.413.417.818.0
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