Proposed Provision: B3.15. Increase the 90 percent PIA formula factor to 91 percent for beneficiaries newly eligible in 2028, 92 percent for those newly eligible in 2029, ..., reaching 95 percent for those newly eligible in 2032 and later.

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
202513.013.015.015.0
202613.113.115.215.2
202713.113.115.415.4
202813.113.115.615.6
202913.213.215.715.7
203013.213.215.915.9
203113.213.216.016.0
203213.213.216.116.2
203313.213.216.316.3
203413.313.316.416.4
203513.313.316.516.5
203613.313.316.616.6
203713.313.316.616.7
203813.313.316.716.8
203913.313.316.716.9
204013.313.316.816.9
204113.313.316.817.0
204213.313.316.817.0
204313.313.316.817.0
204413.313.316.817.1
204513.313.316.917.1
204613.313.316.917.1
204713.313.316.917.2
204813.313.316.917.2
204913.313.317.017.3
205013.313.317.017.3
205113.313.317.017.3
205213.313.317.117.4
205313.313.417.117.5
205413.313.417.217.5
205513.313.417.217.6
205613.313.417.317.7
205713.413.417.417.8
205813.413.417.517.9
205913.413.417.518.0
206013.413.417.618.0
206113.413.417.718.1
206213.413.417.818.2
206313.413.417.818.3
206413.413.417.918.3
206513.413.417.918.4
206613.413.418.018.5
206713.413.418.118.5
206813.413.418.118.6
206913.413.418.218.6
207013.413.418.218.7
207113.413.518.318.8
207213.413.518.318.8
207313.413.518.418.9
207413.413.518.418.9
207513.413.518.518.9
207613.413.518.519.0
207713.413.518.519.0
207813.413.518.519.0
207913.413.518.519.0
208013.413.518.518.9
208113.413.518.418.9
208213.413.518.418.9
208313.413.518.318.8
208413.413.518.318.8
208513.413.518.218.7
208613.413.518.218.6
208713.413.518.118.6
208813.413.418.018.5
208913.413.418.018.4
209013.413.417.918.4
209113.413.417.818.3
209213.413.417.818.3
209313.413.417.818.2
209413.413.417.818.2
209513.413.417.718.2
209613.413.417.718.2
209713.413.417.818.2
209813.413.417.818.2
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