Proposed Provision: B1.6 (2027). Progressive price indexing (30th percentile) of PIA factors beginning with individuals newly eligible for OASI benefits in 2027: 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 Current Law Provision
2018288288
2019272272
2020256256
2021239239
2022223223
2023206206
2024188188
2025171171
2026154154
2027137137
2028120120
2029104104
20308687
20316969
20325151
20333333
20341415
2035-5-5
2036-25-24
2037-46-44
2038-67-65
2039-88-85
2040-110-106
2041-132-128
2042-154-149
2043-176-170
2044-199-191
2045-221-213
2046-244-234
2047-267-255
2048-289-275
2049-312-296
2050-335-316
2051-358-336
2052-381-356
2053-403-376
2054-426-396
2055-450-415
2056-473-434
2057-496-454
2058-520-473
2059-544-492
2060-569-511
2061-594-530
2062-619-550
2063-645-569
2064-671-589
2065-698-608
2066-725-628
2067-752-648
2068-780-667
2069-808-687
2070-837-707
2071-866-727
2072-896-747
2073-927-768
2074-958-789
2075-990-810
2076-1023-832
2077-1057-854
2078-1092-876
2079-1128-899
2080-1165-922
2081-1202-945
2082-1240-968
2083-1278-991
2084-1316-1013
2085-1354-1036
2086-1392-1057
2087-1430-1079
2088-1468-1100
2089-1505-1120
2090-1543-1140
2091-1580-1160
2092-1618-1179
2093-1655-1199
back