Proposed Provision: Price indexing of PIA formula factors beginning with those newly eligible for OASDI benefits in 2020: Reduce PIA formula factors so that initial benefits grow by inflation rather than by the SSA average wage index.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Present Law Provision
2013330330
2014315315
2015301301
2016286286
2017271271
2018257257
2019244244
2020231231
2021218218
2022204204
2023189190
2024173175
2025158160
2026142145
2027125130
2028108115
20299099
20307182
20315265
20323148
20331131
2034-1113
2035-32-5
2036-55-23
2037-78-41
2038-101-58
2039-124-76
2040-148-93
2041-172-110
2042-196-127
2043-220-143
2044-245-158
2045-269-173
2046-294-188
2047-319-202
2048-345-215
2049-371-228
2050-397-240
2051-423-252
2052-449-262
2053-476-272
2054-502-281
2055-530-290
2056-557-297
2057-585-305
2058-613-311
2059-642-317
2060-671-322
2061-701-326
2062-732-330
2063-763-333
2064-794-335
2065-826-336
2066-859-337
2067-892-336
2068-925-335
2069-959-333
2070-993-330
2071-1028-326
2072-1064-322
2073-1101-317
2074-1139-310
2075-1178-303
2076-1217-294
2077-1258-284
2078-1299-273
2079-1340-261
2080-1382-247
2081-1424-232
2082-1466-215
2083-1508-197
2084-1550-177
2085-1592-156
2086-1635-133
2087-1678-109
2088-1722-83
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