Proposed Provision: Progressive price indexing (30th percentile) of PIA factors beginning with individuals newly eligible for OASDI benefits in 2022: 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.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2015 | 308 | 308 |
| 2016 | 298 | 298 |
| 2017 | 280 | 280 |
| 2018 | 264 | 264 |
| 2019 | 248 | 248 |
| 2020 | 233 | 233 |
| 2021 | 219 | 219 |
| 2022 | 204 | 204 |
| 2023 | 189 | 189 |
| 2024 | 173 | 173 |
| 2025 | 157 | 158 |
| 2026 | 142 | 143 |
| 2027 | 126 | 127 |
| 2028 | 110 | 112 |
| 2029 | 94 | 96 |
| 2030 | 77 | 80 |
| 2031 | 60 | 63 |
| 2032 | 42 | 46 |
| 2033 | 23 | 29 |
| 2034 | 4 | 11 |
| 2035 | -16 | -8 |
| 2036 | -36 | -26 |
| 2037 | -57 | -45 |
| 2038 | -78 | -64 |
| 2039 | -100 | -83 |
| 2040 | -122 | -102 |
| 2041 | -144 | -122 |
| 2042 | -166 | -141 |
| 2043 | -189 | -160 |
| 2044 | -211 | -179 |
| 2045 | -234 | -198 |
| 2046 | -257 | -216 |
| 2047 | -280 | -235 |
| 2048 | -303 | -253 |
| 2049 | -327 | -271 |
| 2050 | -351 | -289 |
| 2051 | -375 | -307 |
| 2052 | -398 | -324 |
| 2053 | -423 | -342 |
| 2054 | -447 | -359 |
| 2055 | -472 | -376 |
| 2056 | -496 | -392 |
| 2057 | -522 | -409 |
| 2058 | -548 | -426 |
| 2059 | -574 | -443 |
| 2060 | -601 | -460 |
| 2061 | -629 | -477 |
| 2062 | -657 | -494 |
| 2063 | -685 | -511 |
| 2064 | -714 | -529 |
| 2065 | -744 | -546 |
| 2066 | -774 | -563 |
| 2067 | -804 | -580 |
| 2068 | -835 | -597 |
| 2069 | -867 | -615 |
| 2070 | -899 | -632 |
| 2071 | -932 | -650 |
| 2072 | -965 | -668 |
| 2073 | -1000 | -686 |
| 2074 | -1035 | -705 |
| 2075 | -1072 | -724 |
| 2076 | -1110 | -743 |
| 2077 | -1148 | -762 |
| 2078 | -1188 | -782 |
| 2079 | -1228 | -802 |
| 2080 | -1268 | -821 |
| 2081 | -1309 | -840 |
| 2082 | -1350 | -859 |
| 2083 | -1391 | -878 |
| 2084 | -1432 | -896 |
| 2085 | -1472 | -914 |
| 2086 | -1514 | -932 |
| 2087 | -1555 | -949 |
| 2088 | -1597 | -967 |
| 2089 | -1640 | -984 |
| 2090 | -1683 | -1002 |
back