Proposed Provision: B1.6 (2026). Progressive price indexing (30th percentile) of PIA factors beginning with individuals newly eligible for OASI benefits in 2026: 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. 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 |
Current Law |
Provision |
| 2017 | 298 | 298 |
| 2018 | 287 | 287 |
| 2019 | 273 | 273 |
| 2020 | 259 | 259 |
| 2021 | 245 | 245 |
| 2022 | 230 | 230 |
| 2023 | 215 | 215 |
| 2024 | 199 | 199 |
| 2025 | 182 | 182 |
| 2026 | 165 | 165 |
| 2027 | 148 | 148 |
| 2028 | 130 | 130 |
| 2029 | 112 | 112 |
| 2030 | 94 | 94 |
| 2031 | 75 | 76 |
| 2032 | 56 | 57 |
| 2033 | 37 | 37 |
| 2034 | 16 | 17 |
| 2035 | -4 | -3 |
| 2036 | -26 | -24 |
| 2037 | -47 | -45 |
| 2038 | -70 | -67 |
| 2039 | -92 | -89 |
| 2040 | -115 | -111 |
| 2041 | -138 | -133 |
| 2042 | -161 | -155 |
| 2043 | -184 | -177 |
| 2044 | -207 | -198 |
| 2045 | -230 | -220 |
| 2046 | -253 | -241 |
| 2047 | -276 | -263 |
| 2048 | -300 | -284 |
| 2049 | -323 | -305 |
| 2050 | -346 | -326 |
| 2051 | -370 | -347 |
| 2052 | -393 | -367 |
| 2053 | -417 | -387 |
| 2054 | -440 | -407 |
| 2055 | -464 | -427 |
| 2056 | -487 | -447 |
| 2057 | -511 | -466 |
| 2058 | -536 | -486 |
| 2059 | -560 | -506 |
| 2060 | -585 | -525 |
| 2061 | -611 | -545 |
| 2062 | -637 | -565 |
| 2063 | -663 | -585 |
| 2064 | -690 | -605 |
| 2065 | -717 | -624 |
| 2066 | -745 | -644 |
| 2067 | -772 | -664 |
| 2068 | -801 | -684 |
| 2069 | -829 | -704 |
| 2070 | -858 | -724 |
| 2071 | -888 | -745 |
| 2072 | -918 | -765 |
| 2073 | -949 | -786 |
| 2074 | -981 | -807 |
| 2075 | -1014 | -829 |
| 2076 | -1047 | -851 |
| 2077 | -1082 | -873 |
| 2078 | -1117 | -896 |
| 2079 | -1153 | -918 |
| 2080 | -1190 | -941 |
| 2081 | -1227 | -964 |
| 2082 | -1264 | -986 |
| 2083 | -1300 | -1008 |
| 2084 | -1337 | -1029 |
| 2085 | -1374 | -1050 |
| 2086 | -1410 | -1071 |
| 2087 | -1446 | -1091 |
| 2088 | -1483 | -1112 |
| 2089 | -1520 | -1132 |
| 2090 | -1557 | -1152 |
| 2091 | -1595 | -1173 |
| 2092 | -1633 | -1193 |
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