Proposed Provision: B1.4. Progressive price indexing (50th percentile) of PIA factors beginning with individuals newly eligible for OASDI benefits in 2030: Create a new bend point at the 50th percentile of the AIME distribution of newly retired workers. Maintain current-law benefits for earners at the 50th percentile and below. Reduce the 32 and 15 percent factors above the 50th 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
2023204204
2024187187
2025168168
2026149149
2027131131
2028114114
20299696
20307878
20316061
20324343
20332525
203477
2035-12-12
2036-31-31
2037-51-50
2038-70-70
2039-91-90
2040-112-111
2041-133-132
2042-154-153
2043-176-174
2044-198-196
2045-220-217
2046-243-239
2047-265-261
2048-288-283
2049-311-304
2050-333-326
2051-357-348
2052-380-370
2053-403-392
2054-427-413
2055-450-435
2056-474-457
2057-498-479
2058-522-500
2059-547-522
2060-572-545
2061-597-567
2062-623-590
2063-650-614
2064-677-637
2065-705-661
2066-733-685
2067-762-710
2068-791-734
2069-820-759
2070-850-783
2071-880-809
2072-911-834
2073-942-860
2074-974-886
2075-1006-912
2076-1039-939
2077-1074-966
2078-1108-995
2079-1144-1023
2080-1181-1052
2081-1218-1082
2082-1256-1111
2083-1294-1141
2084-1333-1171
2085-1373-1201
2086-1413-1231
2087-1453-1261
2088-1494-1290
2089-1534-1319
2090-1574-1347
2091-1613-1375
2092-1651-1401
2093-1689-1426
2094-1726-1450
2095-1762-1473
2096-1798-1496
2097-1833-1518
2098-1868-1539
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