Proposed Provision: B3.6. Progressive indexing (30th percentile) of PIA factors beginning with individuals newly eligible for OASI benefits in 2020, continuing through 2069: 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 is reduced by 1.21 percent per year as compared to current law (for the years that progressive indexing applies). 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.

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
2039-92-77
2040-115-97
2041-138-117
2042-161-138
2043-184-158
2044-207-178
2045-230-197
2046-253-217
2047-276-236
2048-300-255
2049-323-273
2050-346-292
2051-370-310
2052-393-328
2053-417-345
2054-440-362
2055-464-379
2056-487-396
2057-511-413
2058-536-429
2059-560-446
2060-585-463
2061-611-479
2062-637-496
2063-663-513
2064-690-529
2065-717-546
2066-745-563
2067-772-580
2068-801-596
2069-829-613
2070-858-630
2071-888-647
2072-918-664
2073-949-682
2074-981-699
2075-1014-717
2076-1047-735
2077-1082-753
2078-1117-771
2079-1153-790
2080-1190-808
2081-1227-826
2082-1264-843
2083-1300-861
2084-1337-877
2085-1374-893
2086-1410-909
2087-1446-925
2088-1483-941
2089-1520-956
2090-1557-972
2091-1595-987
2092-1633-1003
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