Proposed Provision: Progressive price indexing (30th percentile) of PIA factors beginning with individuals newly eligible for OASI benefits in 2025: 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. 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
2025165165
2026149149
2027132132
2028115115
20299898
20308181
20316464
20324646
20332728
2034810
2035-11-9
2036-30-28
2037-50-47
2038-71-66
2039-91-86
2040-112-106
2041-133-126
2042-154-145
2043-176-165
2044-197-184
2045-218-204
2046-240-223
2047-262-242
2048-283-261
2049-305-280
2050-327-299
2051-349-317
2052-371-335
2053-393-353
2054-415-371
2055-437-389
2056-460-406
2057-482-424
2058-506-441
2059-529-459
2060-553-477
2061-578-494
2062-603-512
2063-628-530
2064-654-548
2065-680-565
2066-706-583
2067-733-601
2068-760-619
2069-788-637
2070-816-655
2071-845-673
2072-874-692
2073-905-710
2074-935-729
2075-967-749
2076-1000-768
2077-1033-788
2078-1068-808
2079-1102-828
2080-1138-848
2081-1173-868
2082-1208-887
2083-1243-906
2084-1279-925
2085-1314-943
2086-1349-961
2087-1384-979
2088-1419-997
2089-1455-1015
2090-1491-1033
2091-1528-1051
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