Proposed Provision: Progressive price indexing (50th percentile) of PIA factors for individuals newly eligible for OASI benefits in 2020 through 2059: 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. 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 Present Law Provision
2015308308
2016298298
2017280280
2018264264
2019248248
2020233233
2021219219
2022204204
2023189189
2024173173
2025157158
2026142143
2027126128
2028110112
20299496
20307780
20316064
20324247
20332329
2034411
2035-16-7
2036-36-26
2037-57-45
2038-78-64
2039-100-84
2040-122-104
2041-144-123
2042-166-143
2043-189-163
2044-211-182
2045-234-202
2046-257-221
2047-280-241
2048-303-260
2049-327-280
2050-351-299
2051-375-319
2052-398-338
2053-423-357
2054-447-376
2055-472-395
2056-496-414
2057-522-434
2058-548-454
2059-574-474
2060-601-494
2061-629-514
2062-657-535
2063-685-556
2064-714-577
2065-744-598
2066-774-620
2067-804-641
2068-835-663
2069-867-686
2070-899-708
2071-932-731
2072-965-754
2073-1000-778
2074-1035-803
2075-1072-828
2076-1110-853
2077-1148-880
2078-1188-906
2079-1228-933
2080-1268-960
2081-1309-987
2082-1350-1014
2083-1391-1041
2084-1432-1068
2085-1472-1094
2086-1514-1121
2087-1555-1148
2088-1597-1176
2089-1640-1203
2090-1683-1232
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