Proposed Provision: 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 career-average earnings equal to the SSA average wage index.

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
201913.013.014.014.1
202013.013.014.114.3
202113.013.014.314.4
202213.013.014.514.7
202313.113.114.814.9
202413.113.115.015.2
202513.113.115.315.5
202613.113.115.515.7
202713.113.215.615.8
202813.213.215.816.0
202913.213.216.016.2
203013.213.216.116.3
203113.213.216.216.4
203213.213.216.316.5
203313.213.216.416.6
203413.213.216.516.7
203513.213.216.516.7
203613.213.216.616.8
203713.213.216.616.8
203813.213.216.616.9
203913.213.216.616.9
204013.213.216.616.9
204113.213.216.616.8
204213.213.216.516.8
204313.213.216.516.8
204413.213.216.516.7
204513.213.216.416.7
204613.213.216.416.7
204713.213.216.416.7
204813.213.216.416.7
204913.213.216.416.6
205013.213.216.416.6
205113.213.216.416.6
205213.213.216.416.6
205313.213.316.416.7
205413.213.316.416.7
205513.213.316.516.7
205613.213.316.516.8
205713.313.316.616.8
205813.313.316.616.9
205913.313.316.716.9
206013.313.316.717.0
206113.313.316.817.0
206213.313.316.817.1
206313.313.316.917.1
206413.313.316.917.2
206513.313.317.017.2
206613.313.317.017.3
206713.313.317.117.3
206813.313.317.117.4
206913.313.317.217.5
207013.313.317.217.5
207113.313.317.317.6
207213.313.317.317.6
207313.313.317.317.6
207413.313.317.417.7
207513.313.317.417.7
207613.313.317.417.7
207713.313.317.417.7
207813.313.317.417.7
207913.313.317.417.7
208013.313.317.417.7
208113.313.317.417.7
208213.313.317.417.7
208313.313.317.417.7
208413.313.317.417.8
208513.313.317.517.8
208613.313.317.517.8
208713.313.317.517.9
208813.313.317.617.9
208913.313.317.618.0
209013.313.317.718.0
209113.313.317.718.1
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