Proposed Provision: B1.6 (2020). Progressive price indexing (30th percentile) of PIA factors beginning with individuals newly eligible for OASI benefits in 2021: Create a new bend point at the 30th percentile of the AIME distribution of newly retired workers. Maintain current-law benefits for earners at the 30th percentile and below. Reduce the 32 and 15 percent factors above the 30th percentile such that the initial benefit for a worker with AIME equal to the taxable maximum grows by inflation rather than the growth in the SSA average wage index. Disabled workers are: (a) not affected prior to normal retirement age; and (b) subject to a proportional reduction in benefits, based on the worker's years of disability, upon conversion to retired-worker beneficiary status. Young survivors (children of deceased workers and surviving spouses with a child in care) are not affected.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Current Law Provision
2017298298
2018287287
2019273273
2020259259
2021245245
2022230230
2023215215
2024199199
2025182183
2026165166
2027148149
2028130132
2029112114
20309497
20317579
20325661
20333742
20341623
2035-44
2036-26-16
2037-47-36
2038-70-56
2039-92-76
2040-115-97
2041-138-117
2042-161-137
2043-184-157
2044-207-177
2045-230-196
2046-253-216
2047-276-235
2048-300-253
2049-323-272
2050-346-290
2051-370-308
2052-393-326
2053-417-343
2054-440-360
2055-464-376
2056-487-393
2057-511-409
2058-536-426
2059-560-442
2060-585-458
2061-611-475
2062-637-491
2063-663-507
2064-690-524
2065-717-540
2066-745-556
2067-772-573
2068-801-589
2069-829-605
2070-858-622
2071-888-638
2072-918-655
2073-949-672
2074-981-689
2075-1014-706
2076-1047-724
2077-1082-742
2078-1117-760
2079-1153-779
2080-1190-797
2081-1227-815
2082-1264-832
2083-1300-850
2084-1337-867
2085-1374-883
2086-1410-899
2087-1446-915
2088-1483-931
2089-1520-947
2090-1557-962
2091-1595-978
2092-1633-994
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