Proposed Provision: B1.6 (2030). Progressive price indexing (30th percentile) of PIA factors beginning with individuals newly eligible for OASI benefits in 2030: 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 |
| 2021 | 253 | 253 |
| 2022 | 231 | 231 |
| 2023 | 214 | 214 |
| 2024 | 196 | 196 |
| 2025 | 178 | 178 |
| 2026 | 159 | 159 |
| 2027 | 141 | 141 |
| 2028 | 122 | 122 |
| 2029 | 104 | 104 |
| 2030 | 85 | 85 |
| 2031 | 66 | 66 |
| 2032 | 46 | 46 |
| 2033 | 27 | 27 |
| 2034 | 7 | 7 |
| 2035 | -13 | -13 |
| 2036 | -33 | -33 |
| 2037 | -54 | -54 |
| 2038 | -76 | -75 |
| 2039 | -97 | -97 |
| 2040 | -119 | -119 |
| 2041 | -142 | -141 |
| 2042 | -165 | -163 |
| 2043 | -188 | -186 |
| 2044 | -211 | -209 |
| 2045 | -235 | -232 |
| 2046 | -258 | -255 |
| 2047 | -282 | -279 |
| 2048 | -306 | -302 |
| 2049 | -330 | -325 |
| 2050 | -354 | -348 |
| 2051 | -378 | -371 |
| 2052 | -403 | -395 |
| 2053 | -427 | -418 |
| 2054 | -452 | -441 |
| 2055 | -477 | -464 |
| 2056 | -502 | -487 |
| 2057 | -527 | -510 |
| 2058 | -552 | -533 |
| 2059 | -578 | -556 |
| 2060 | -604 | -579 |
| 2061 | -630 | -603 |
| 2062 | -657 | -626 |
| 2063 | -684 | -650 |
| 2064 | -712 | -673 |
| 2065 | -740 | -697 |
| 2066 | -768 | -721 |
| 2067 | -796 | -745 |
| 2068 | -825 | -769 |
| 2069 | -855 | -793 |
| 2070 | -884 | -818 |
| 2071 | -914 | -842 |
| 2072 | -945 | -867 |
| 2073 | -976 | -891 |
| 2074 | -1007 | -916 |
| 2075 | -1039 | -941 |
| 2076 | -1071 | -967 |
| 2077 | -1105 | -993 |
| 2078 | -1139 | -1020 |
| 2079 | -1175 | -1047 |
| 2080 | -1211 | -1075 |
| 2081 | -1248 | -1103 |
| 2082 | -1286 | -1131 |
| 2083 | -1324 | -1160 |
| 2084 | -1363 | -1188 |
| 2085 | -1403 | -1217 |
| 2086 | -1443 | -1246 |
| 2087 | -1483 | -1274 |
| 2088 | -1524 | -1303 |
| 2089 | -1564 | -1330 |
| 2090 | -1604 | -1357 |
| 2091 | -1643 | -1383 |
| 2092 | -1681 | -1407 |
| 2093 | -1718 | -1431 |
| 2094 | -1754 | -1453 |
| 2095 | -1789 | -1475 |
| 2096 | -1825 | -1496 |
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