Proposed Provision: Progressive price indexing of PIA formula factors beginning with individuals newly eligible for OASDI benefits in 2015. Create new bend point at the 40th percentile of earners. Maintain current-law benefits for earners at the 40th percentile and below and reduce upper 2 formula factors (32% and 15%) such that maximum worker benefit grows by inflation rather than the growth in average wages.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| | |
| 2008 | 359 | 359 |
| 2009 | 369 | 369 |
| 2010 | 378 | 378 |
| 2011 | 386 | 386 |
| 2012 | 392 | 392 |
| 2013 | 394 | 394 |
| 2014 | 395 | 395 |
| 2015 | 393 | 393 |
| 2016 | 390 | 390 |
| 2017 | 385 | 385 |
| 2018 | 378 | 379 |
| 2019 | 371 | 372 |
| 2020 | 361 | 364 |
| 2021 | 351 | 355 |
| 2022 | 341 | 345 |
| 2023 | 329 | 334 |
| 2024 | 316 | 323 |
| 2025 | 302 | 311 |
| 2026 | 287 | 299 |
| 2027 | 272 | 285 |
| 2028 | 256 | 272 |
| 2029 | 239 | 257 |
| 2030 | 221 | 243 |
| 2031 | 203 | 228 |
| 2032 | 185 | 213 |
| 2033 | 166 | 198 |
| 2034 | 147 | 182 |
| 2035 | 127 | 167 |
| 2036 | 108 | 152 |
| 2037 | 88 | 137 |
| 2038 | 67 | 122 |
| 2039 | 47 | 107 |
| 2040 | 26 | 93 |
| 2041 | 6 | 78 |
| 2042 | -15 | 64 |
| 2043 | -36 | 50 |
| 2044 | -57 | 37 |
| 2045 | -78 | 24 |
| 2046 | -100 | 10 |
| 2047 | -121 | -2 |
| 2048 | -143 | -15 |
| 2049 | -165 | -27 |
| 2050 | -187 | -40 |
| 2051 | -209 | -51 |
| 2052 | -232 | -63 |
| 2053 | -254 | -75 |
| 2054 | -277 | -86 |
| 2055 | -300 | -98 |
| 2056 | -324 | -109 |
| 2057 | -347 | -120 |
| 2058 | -372 | -131 |
| 2059 | -396 | -142 |
| 2060 | -421 | -153 |
| 2061 | -447 | -164 |
| 2062 | -472 | -175 |
| 2063 | -498 | -186 |
| 2064 | -525 | -196 |
| 2065 | -552 | -207 |
| 2066 | -579 | -218 |
| 2067 | -607 | -228 |
| 2068 | -635 | -239 |
| 2069 | -664 | -249 |
| 2070 | -693 | -260 |
| 2071 | -722 | -270 |
| 2072 | -752 | -281 |
| 2073 | -782 | -291 |
| 2074 | -813 | -302 |
| 2075 | -845 | -312 |
| 2076 | -876 | -323 |
| 2077 | -909 | -333 |
| 2078 | -942 | -344 |
| 2079 | -975 | -355 |
| 2080 | -1009 | -366 |
| 2081 | -1044 | -376 |
| 2082 | -1079 | -387 |
| 2083 | -1114 | -398 |
| 2084 | -1151 | -409 |
| 2085 | -1188 | -420 |
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