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
2017298298
2018287287
2019273273
2020259259
2021245245
2022230230
2023215215
2024199199
2025182182
2026165165
2027148148
2028130130
2029112112
20309494
20317576
20325657
20333737
20341617
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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