Proposed Provision: B1.5. Progressive price indexing (60th percentile) of PIA factors beginning with individuals newly eligible for OASDI benefits in 2028: Create a new bend point at the 60th percentile of the AIME distribution of newly retired workers. Maintain current-law benefits for earners at the 60th percentile and below. Reduce the 32 and 15 percent factors above the 60th 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
2021253253
2022231231
2023214214
2024196196
2025178178
2026159159
2027141141
2028122122
2029104104
20308585
20316666
20324647
20332727
203477
2035-13-13
2036-33-33
2037-54-54
2038-76-75
2039-97-96
2040-119-118
2041-142-140
2042-165-163
2043-188-185
2044-211-208
2045-235-231
2046-258-254
2047-282-277
2048-306-300
2049-330-323
2050-354-347
2051-378-370
2052-403-393
2053-427-416
2054-452-440
2055-477-463
2056-502-486
2057-527-509
2058-552-533
2059-578-556
2060-604-580
2061-630-604
2062-657-628
2063-684-652
2064-712-677
2065-740-701
2066-768-726
2067-796-752
2068-825-777
2069-855-802
2070-884-828
2071-914-854
2072-945-880
2073-976-906
2074-1007-933
2075-1039-959
2076-1071-987
2077-1105-1015
2078-1139-1043
2079-1175-1072
2080-1211-1102
2081-1248-1132
2082-1286-1163
2083-1324-1193
2084-1363-1225
2085-1403-1256
2086-1443-1288
2087-1483-1319
2088-1524-1351
2089-1564-1382
2090-1604-1413
2091-1643-1442
2092-1681-1470
2093-1718-1497
2094-1754-1524
2095-1789-1550
2096-1825-1576
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