Proposed Provision: B1.1. Price indexing of PIA factors beginning with those newly eligible for OASDI benefits in 2024: Reduce factors so that initial benefits grow by inflation rather than by the SSA average wage index.

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

  Income Rates Cost Rates
Year Current Law Provision Current Law Provision
201713.013.013.413.4
201812.912.913.513.5
201912.912.913.713.7
202013.013.013.913.9
202113.013.014.014.0
202213.013.014.314.3
202313.013.014.514.5
202413.113.114.814.8
202513.113.115.115.1
202613.113.115.415.4
202713.213.215.615.6
202813.213.215.915.8
202913.213.216.116.0
203013.213.216.316.1
203113.213.216.416.3
203213.213.216.616.4
203313.213.216.716.5
203413.213.216.816.5
203513.213.216.916.5
203613.213.217.016.5
203713.213.217.016.4
203813.213.217.016.3
203913.213.217.016.2
204013.213.217.016.1
204113.213.216.915.9
204213.213.216.915.7
204313.213.216.815.6
204413.213.216.815.4
204513.213.216.715.2
204613.213.216.715.0
204713.213.116.614.9
204813.213.116.614.7
204913.213.116.614.5
205013.213.116.614.4
205113.213.116.614.2
205213.213.116.614.0
205313.213.116.613.9
205413.213.116.613.7
205513.213.116.613.6
205613.213.116.713.5
205713.213.116.713.3
205813.213.116.713.2
205913.213.116.813.1
206013.313.116.813.0
206113.313.116.912.9
206213.313.016.912.8
206313.313.017.012.6
206413.313.017.012.5
206513.313.017.112.4
206613.313.017.112.3
206713.313.017.212.2
206813.313.017.212.1
206913.313.017.312.0
207013.313.017.311.9
207113.313.017.411.8
207213.313.017.411.7
207313.313.017.411.6
207413.313.017.511.5
207513.313.017.511.4
207613.313.017.511.3
207713.313.017.511.2
207813.313.017.511.0
207913.313.017.510.9
208013.312.917.510.8
208113.312.917.510.7
208213.312.917.510.5
208313.312.917.510.4
208413.312.917.510.3
208513.312.917.610.2
208613.312.917.610.1
208713.312.917.610.0
208813.312.917.79.9
208913.312.917.79.9
209013.312.917.79.8
209113.312.917.89.7
209213.312.917.89.6
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