Proposed Provision: Progressive price indexing (50th percentile) of PIA factors for individuals newly eligible for OASI benefits in 2021 through 2060: 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. 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 Present Law Provision
2016303303
2017293293
2018277277
2019262262
2020246246
2021231231
2022216216
2023200200
2024183183
2025165166
2026149149
2027132132
2028115116
20299899
20308183
20316466
20324649
20332731
2034813
2035-11-5
2036-30-23
2037-50-42
2038-71-61
2039-91-80
2040-112-99
2041-133-118
2042-154-137
2043-176-156
2044-197-175
2045-218-193
2046-240-212
2047-262-230
2048-283-249
2049-305-267
2050-327-285
2051-349-303
2052-371-321
2053-393-338
2054-415-356
2055-437-373
2056-460-390
2057-482-408
2058-506-425
2059-529-443
2060-553-461
2061-578-479
2062-603-497
2063-628-515
2064-654-534
2065-680-552
2066-706-571
2067-733-590
2068-760-608
2069-788-627
2070-816-647
2071-845-666
2072-874-686
2073-905-706
2074-935-726
2075-967-747
2076-1000-769
2077-1033-791
2078-1068-813
2079-1102-836
2080-1138-858
2081-1173-881
2082-1208-903
2083-1243-925
2084-1279-947
2085-1314-969
2086-1349-990
2087-1384-1012
2088-1419-1034
2089-1455-1056
2090-1491-1078
2091-1528-1100
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