Proposed Provision: B3.9. Beginning with those newly eligible for OASDI benefits in 2029, gradually reduce the 15 percent PIA factor in each year so that it reaches 10 percent for those newly eligible in 2058 and later.

OASDI Cost Rates and Income Rates
(as a percentage of taxable payroll)

  Income Rates Cost Rates
Year Present Law Provision Present Law Provision
201612.912.914.014.0
201712.912.913.713.7
201813.013.013.913.9
201913.013.014.014.0
202013.013.014.114.1
202113.013.014.314.3
202213.013.014.514.5
202313.113.114.814.8
202413.113.115.015.0
202513.113.115.315.3
202613.113.115.515.5
202713.113.115.615.6
202813.213.215.815.8
202913.213.216.016.0
203013.213.216.116.1
203113.213.216.216.2
203213.213.216.316.3
203313.213.216.416.4
203413.213.216.516.5
203513.213.216.516.5
203613.213.216.616.6
203713.213.216.616.6
203813.213.216.616.6
203913.213.216.616.6
204013.213.216.616.6
204113.213.216.616.5
204213.213.216.516.5
204313.213.216.516.5
204413.213.216.516.4
204513.213.216.416.4
204613.213.216.416.4
204713.213.216.416.4
204813.213.216.416.3
204913.213.216.416.3
205013.213.216.416.3
205113.213.216.416.3
205213.213.216.416.3
205313.213.216.416.3
205413.213.216.416.3
205513.213.216.516.4
205613.213.216.516.4
205713.313.216.616.5
205813.313.216.616.5
205913.313.316.716.5
206013.313.316.716.6
206113.313.316.816.6
206213.313.316.816.7
206313.313.316.916.7
206413.313.316.916.8
206513.313.317.016.8
206613.313.317.016.8
206713.313.317.116.9
206813.313.317.116.9
206913.313.317.217.0
207013.313.317.217.0
207113.313.317.317.1
207213.313.317.317.1
207313.313.317.317.1
207413.313.317.417.2
207513.313.317.417.2
207613.313.317.417.2
207713.313.317.417.2
207813.313.317.417.2
207913.313.317.417.2
208013.313.317.417.2
208113.313.317.417.2
208213.313.317.417.2
208313.313.317.417.2
208413.313.317.417.2
208513.313.317.517.2
208613.313.317.517.3
208713.313.317.517.3
208813.313.317.617.4
208913.313.317.617.4
209013.313.317.717.4
209113.313.317.717.5
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