Proposed Provision: Progressive price indexing (50th percentile) of PIA factors beginning with individuals newly eligible for OASDI benefits in 2021: 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.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2014 | 320 | 320 |
| 2015 | 306 | 306 |
| 2016 | 292 | 292 |
| 2017 | 277 | 277 |
| 2018 | 262 | 262 |
| 2019 | 248 | 248 |
| 2020 | 233 | 233 |
| 2021 | 219 | 219 |
| 2022 | 203 | 203 |
| 2023 | 187 | 188 |
| 2024 | 171 | 171 |
| 2025 | 154 | 155 |
| 2026 | 137 | 138 |
| 2027 | 119 | 120 |
| 2028 | 101 | 103 |
| 2029 | 83 | 85 |
| 2030 | 64 | 66 |
| 2031 | 44 | 46 |
| 2032 | 23 | 27 |
| 2033 | 2 | 6 |
| 2034 | -20 | -15 |
| 2035 | -42 | -36 |
| 2036 | -65 | -58 |
| 2037 | -88 | -80 |
| 2038 | -112 | -102 |
| 2039 | -136 | -124 |
| 2040 | -160 | -147 |
| 2041 | -185 | -170 |
| 2042 | -210 | -192 |
| 2043 | -235 | -215 |
| 2044 | -260 | -238 |
| 2045 | -285 | -261 |
| 2046 | -310 | -283 |
| 2047 | -336 | -306 |
| 2048 | -362 | -329 |
| 2049 | -388 | -352 |
| 2050 | -415 | -375 |
| 2051 | -442 | -398 |
| 2052 | -468 | -421 |
| 2053 | -495 | -444 |
| 2054 | -523 | -466 |
| 2055 | -550 | -489 |
| 2056 | -578 | -512 |
| 2057 | -606 | -535 |
| 2058 | -635 | -559 |
| 2059 | -664 | -582 |
| 2060 | -694 | -606 |
| 2061 | -725 | -631 |
| 2062 | -756 | -655 |
| 2063 | -787 | -680 |
| 2064 | -819 | -705 |
| 2065 | -852 | -730 |
| 2066 | -885 | -755 |
| 2067 | -918 | -781 |
| 2068 | -952 | -807 |
| 2069 | -987 | -833 |
| 2070 | -1022 | -860 |
| 2071 | -1057 | -887 |
| 2072 | -1094 | -915 |
| 2073 | -1132 | -943 |
| 2074 | -1171 | -972 |
| 2075 | -1210 | -1001 |
| 2076 | -1251 | -1031 |
| 2077 | -1293 | -1061 |
| 2078 | -1335 | -1092 |
| 2079 | -1378 | -1122 |
| 2080 | -1421 | -1153 |
| 2081 | -1464 | -1183 |
| 2082 | -1507 | -1214 |
| 2083 | -1550 | -1243 |
| 2084 | -1593 | -1273 |
| 2085 | -1636 | -1303 |
| 2086 | -1680 | -1332 |
| 2087 | -1724 | -1362 |
| 2088 | -1769 | -1392 |
| 2089 | -1814 | -1423 |
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