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
2026151151
2027131131
2028111111
20299292
20307474
20315757
20324040
20332323
203477
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
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