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 |
| 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 | 128 |
| 2028 | 110 | 112 |
| 2029 | 94 | 96 |
| 2030 | 77 | 80 |
| 2031 | 60 | 64 |
| 2032 | 42 | 47 |
| 2033 | 23 | 29 |
| 2034 | 4 | 11 |
| 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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