Proposed Provision: B1.2. Progressive price indexing (30th percentile) of PIA factors beginning with individuals newly eligible for OASDI benefits in 2033: 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.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2026 | 151 | 151 |
| 2027 | 131 | 131 |
| 2028 | 111 | 111 |
| 2029 | 92 | 92 |
| 2030 | 74 | 74 |
| 2031 | 57 | 57 |
| 2032 | 40 | 40 |
| 2033 | 23 | 23 |
| 2034 | 7 | 7 |
| 2035 | -9 | -9 |
| 2036 | -25 | -25 |
| 2037 | -41 | -41 |
| 2038 | -58 | -58 |
| 2039 | -76 | -75 |
| 2040 | -94 | -93 |
| 2041 | -112 | -112 |
| 2042 | -132 | -131 |
| 2043 | -151 | -150 |
| 2044 | -171 | -170 |
| 2045 | -192 | -190 |
| 2046 | -213 | -210 |
| 2047 | -234 | -231 |
| 2048 | -256 | -252 |
| 2049 | -279 | -273 |
| 2050 | -301 | -295 |
| 2051 | -324 | -316 |
| 2052 | -347 | -338 |
| 2053 | -371 | -360 |
| 2054 | -395 | -382 |
| 2055 | -420 | -404 |
| 2056 | -445 | -427 |
| 2057 | -470 | -450 |
| 2058 | -496 | -473 |
| 2059 | -522 | -497 |
| 2060 | -550 | -521 |
| 2061 | -578 | -545 |
| 2062 | -607 | -570 |
| 2063 | -636 | -596 |
| 2064 | -666 | -622 |
| 2065 | -697 | -648 |
| 2066 | -729 | -675 |
| 2067 | -761 | -702 |
| 2068 | -794 | -729 |
| 2069 | -827 | -757 |
| 2070 | -861 | -785 |
| 2071 | -896 | -814 |
| 2072 | -931 | -843 |
| 2073 | -967 | -872 |
| 2074 | -1004 | -903 |
| 2075 | -1042 | -933 |
| 2076 | -1081 | -965 |
| 2077 | -1121 | -998 |
| 2078 | -1162 | -1031 |
| 2079 | -1204 | -1065 |
| 2080 | -1248 | -1100 |
| 2081 | -1292 | -1135 |
| 2082 | -1337 | -1171 |
| 2083 | -1384 | -1208 |
| 2084 | -1431 | -1245 |
| 2085 | -1480 | -1283 |
| 2086 | -1530 | -1323 |
| 2087 | -1581 | -1362 |
| 2088 | -1633 | -1403 |
| 2089 | -1686 | -1444 |
| 2090 | -1740 | -1486 |
| 2091 | -1795 | -1528 |
| 2092 | -1850 | -1570 |
| 2093 | -1906 | -1612 |
| 2094 | -1962 | -1654 |
| 2095 | -2019 | -1696 |
| 2096 | -2075 | -1738 |
| 2097 | -2132 | -1780 |
| 2098 | -2189 | -1822 |
| 2099 | -2246 | -1863 |
| 2100 | -2303 | -1904 |
| 2101 | -2359 | -1945 |
back