Proposed Provision: B3.4. Beginning with those newly eligible for OASDI benefits in 2020, multiply all PIA factors each year by 0.991. Stop reductions after 2048. 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. Young survivors (children of deceased workers and surviving spouses with a child in care) are not affected.

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
202313.113.114.814.7
202413.113.115.015.0
202513.113.115.315.2
202613.113.115.515.4
202713.113.115.615.6
202813.213.115.815.7
202913.213.216.015.8
203013.213.216.115.9
203113.213.216.216.0
203213.213.216.316.0
203313.213.216.416.1
203413.213.216.516.1
203513.213.216.516.0
203613.213.216.616.0
203713.213.216.616.0
203813.213.216.615.9
203913.213.216.615.9
204013.213.216.615.8
204113.213.216.615.7
204213.213.216.515.6
204313.213.216.515.4
204413.213.216.515.3
204513.213.216.415.2
204613.213.216.415.1
204713.213.216.415.0
204813.213.116.414.9
204913.213.116.414.8
205013.213.116.414.6
205113.213.116.414.5
205213.213.116.414.5
205313.213.116.414.4
205413.213.116.414.3
205513.213.116.514.3
205613.213.116.514.2
205713.313.116.614.2
205813.313.116.614.1
205913.313.116.714.1
206013.313.116.714.1
206113.313.116.814.1
206213.313.116.814.1
206313.313.116.914.1
206413.313.116.914.1
206513.313.117.014.1
206613.313.117.014.1
206713.313.117.114.1
206813.313.117.114.1
206913.313.117.214.1
207013.313.117.214.1
207113.313.117.314.1
207213.313.117.314.2
207313.313.117.314.2
207413.313.117.414.2
207513.313.117.414.2
207613.313.117.414.2
207713.313.117.414.2
207813.313.117.414.2
207913.313.117.414.2
208013.313.117.414.2
208113.313.117.414.2
208213.313.117.414.2
208313.313.117.414.2
208413.313.117.414.2
208513.313.117.514.2
208613.313.117.514.2
208713.313.117.514.3
208813.313.117.614.3
208913.313.117.614.3
209013.313.117.714.4
209113.313.117.714.4
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