Proposed Provision: B1.2. Progressive price indexing (30th percentile) of PIA factors beginning with individuals newly eligible for OASDI benefits in 2023: 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 | 
    
    
      | 2016 | 303 | 303 | 
| 2017 | 293 | 293 | 
| 2018 | 277 | 277 | 
| 2019 | 262 | 262 | 
| 2020 | 246 | 246 | 
| 2021 | 231 | 231 | 
| 2022 | 216 | 216 | 
| 2023 | 200 | 200 | 
| 2024 | 183 | 183 | 
| 2025 | 165 | 166 | 
| 2026 | 149 | 149 | 
| 2027 | 132 | 132 | 
| 2028 | 115 | 116 | 
| 2029 | 98 | 99 | 
| 2030 | 81 | 82 | 
| 2031 | 64 | 66 | 
| 2032 | 46 | 48 | 
| 2033 | 27 | 31 | 
| 2034 | 8 | 13 | 
| 2035 | -11 | -5 | 
| 2036 | -30 | -23 | 
| 2037 | -50 | -41 | 
| 2038 | -71 | -60 | 
| 2039 | -91 | -79 | 
| 2040 | -112 | -97 | 
| 2041 | -133 | -116 | 
| 2042 | -154 | -135 | 
| 2043 | -176 | -153 | 
| 2044 | -197 | -171 | 
| 2045 | -218 | -189 | 
| 2046 | -240 | -207 | 
| 2047 | -262 | -224 | 
| 2048 | -283 | -241 | 
| 2049 | -305 | -258 | 
| 2050 | -327 | -275 | 
| 2051 | -349 | -291 | 
| 2052 | -371 | -307 | 
| 2053 | -393 | -323 | 
| 2054 | -415 | -338 | 
| 2055 | -437 | -353 | 
| 2056 | -460 | -368 | 
| 2057 | -482 | -383 | 
| 2058 | -506 | -398 | 
| 2059 | -529 | -413 | 
| 2060 | -553 | -427 | 
| 2061 | -578 | -442 | 
| 2062 | -603 | -456 | 
| 2063 | -628 | -471 | 
| 2064 | -654 | -485 | 
| 2065 | -680 | -500 | 
| 2066 | -706 | -514 | 
| 2067 | -733 | -528 | 
| 2068 | -760 | -542 | 
| 2069 | -788 | -556 | 
| 2070 | -816 | -571 | 
| 2071 | -845 | -585 | 
| 2072 | -874 | -599 | 
| 2073 | -905 | -613 | 
| 2074 | -935 | -628 | 
| 2075 | -967 | -643 | 
| 2076 | -1000 | -658 | 
| 2077 | -1033 | -673 | 
| 2078 | -1068 | -688 | 
| 2079 | -1102 | -703 | 
| 2080 | -1138 | -718 | 
| 2081 | -1173 | -732 | 
| 2082 | -1208 | -746 | 
| 2083 | -1243 | -760 | 
| 2084 | -1279 | -773 | 
| 2085 | -1314 | -786 | 
| 2086 | -1349 | -798 | 
| 2087 | -1384 | -810 | 
| 2088 | -1419 | -822 | 
| 2089 | -1455 | -833 | 
| 2090 | -1491 | -845 | 
| 2091 | -1528 | -857 | 
    
  
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