Proposed Provision: B1.2. Progressive price indexing (30th percentile) of PIA factors beginning with individuals newly eligible for OASDI benefits in 2027: 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 Current Law Provision
2020261261
2021248248
2022233233
2023217217
2024200200
2025183183
2026165165
2027148148
2028130130
2029112112
20309494
20317676
20325858
20333940
20342021
203512
2036-19-17
2037-38-36
2038-59-56
2039-80-76
2040-101-96
2041-122-117
2042-144-137
2043-166-158
2044-188-178
2045-210-199
2046-232-219
2047-255-240
2048-277-259
2049-299-279
2050-322-299
2051-344-318
2052-367-337
2053-389-356
2054-412-375
2055-434-393
2056-457-412
2057-480-430
2058-504-448
2059-527-466
2060-551-484
2061-575-502
2062-599-519
2063-624-537
2064-650-555
2065-676-573
2066-702-591
2067-728-610
2068-755-628
2069-782-646
2070-809-664
2071-837-682
2072-866-700
2073-895-719
2074-925-738
2075-955-757
2076-986-776
2077-1018-796
2078-1051-816
2079-1084-836
2080-1119-856
2081-1154-877
2082-1190-898
2083-1226-918
2084-1263-939
2085-1300-959
2086-1337-979
2087-1374-999
2088-1411-1018
2089-1448-1036
2090-1484-1054
2091-1520-1070
2092-1554-1086
2093-1589-1101
2094-1623-1116
2095-1657-1130
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