Proposed Provision: B3.15. Increase the 90 percent PIA formula factor to 91 percent for beneficiaries newly eligible in 2027, 92 percent for those newly eligible in 2028, ..., reaching 95 percent for those newly eligible in 2031 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
202212.812.814.114.1
202313.013.014.314.3
202413.013.014.414.4
202513.013.014.714.7
202613.113.114.914.9
202713.113.115.115.1
202813.113.115.315.3
202913.213.215.515.5
203013.213.215.715.7
203113.213.215.915.9
203213.213.216.116.1
203313.313.316.216.2
203413.313.316.316.4
203513.313.316.416.5
203613.313.316.516.6
203713.313.316.616.7
203813.313.316.616.8
203913.313.316.716.8
204013.313.316.716.9
204113.313.316.716.9
204213.313.316.817.0
204313.313.316.817.0
204413.313.316.817.0
204513.313.316.817.1
204613.313.316.817.1
204713.313.316.917.1
204813.313.316.917.2
204913.313.316.917.2
205013.313.316.917.3
205113.313.317.017.3
205213.313.317.017.4
205313.313.317.117.4
205413.313.417.117.5
205513.313.417.117.5
205613.313.417.217.6
205713.313.417.317.7
205813.413.417.317.7
205913.413.417.417.8
206013.413.417.517.9
206113.413.417.517.9
206213.413.417.618.0
206313.413.417.618.1
206413.413.417.718.1
206513.413.417.718.2
206613.413.417.818.2
206713.413.417.818.3
206813.413.417.918.3
206913.413.417.918.4
207013.413.418.018.5
207113.413.418.118.5
207213.413.418.118.6
207313.413.418.218.6
207413.413.418.218.7
207513.413.418.318.7
207613.413.518.318.8
207713.413.518.318.8
207813.413.518.318.8
207913.413.518.318.8
208013.413.518.318.8
208113.413.518.318.7
208213.413.518.218.7
208313.413.518.218.7
208413.413.418.218.6
208513.413.418.118.6
208613.413.418.018.5
208713.413.418.018.4
208813.413.417.918.4
208913.413.417.918.3
209013.413.417.818.3
209113.413.417.718.2
209213.413.417.718.2
209313.413.417.718.1
209413.413.417.718.1
209513.413.417.618.1
209613.413.417.618.1
209713.413.417.618.1
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