Proposed Provision: B1.8. Progressive price indexing (50th percentile) of PIA factors for individuals newly eligible for OASI benefits in 2026 through 2065: Create a new bend point at the 50th percentile of the AIME distribution of newly retired workers. Maintain current-law benefits for earners at the 50th percentile and below. Reduce the 32 and 15 percent factors above the 50th 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 | 47 |       
| 2033 | 27 | 27 |       
| 2034 | 7 | 8 |       
| 2035 | -13 | -12 |       
| 2036 | -33 | -33 |       
| 2037 | -54 | -53 |       
| 2038 | -76 | -74 |       
| 2039 | -97 | -96 |       
| 2040 | -119 | -117 |       
| 2041 | -142 | -139 |       
| 2042 | -165 | -161 |       
| 2043 | -188 | -184 |       
| 2044 | -211 | -206 |       
| 2045 | -235 | -229 |       
| 2046 | -258 | -252 |       
| 2047 | -282 | -274 |       
| 2048 | -306 | -297 |       
| 2049 | -330 | -320 |       
| 2050 | -354 | -342 |       
| 2051 | -378 | -365 |       
| 2052 | -403 | -388 |       
| 2053 | -427 | -411 |       
| 2054 | -452 | -433 |       
| 2055 | -477 | -456 |       
| 2056 | -502 | -479 |       
| 2057 | -527 | -501 |       
| 2058 | -552 | -524 |       
| 2059 | -578 | -546 |       
| 2060 | -604 | -569 |       
| 2061 | -630 | -592 |       
| 2062 | -657 | -615 |       
| 2063 | -684 | -639 |       
| 2064 | -712 | -663 |       
| 2065 | -740 | -686 |       
| 2066 | -768 | -710 |       
| 2067 | -796 | -734 |       
| 2068 | -825 | -759 |       
| 2069 | -855 | -783 |       
| 2070 | -884 | -807 |       
| 2071 | -914 | -832 |       
| 2072 | -945 | -857 |       
| 2073 | -976 | -882 |       
| 2074 | -1007 | -907 |       
| 2075 | -1039 | -932 |       
| 2076 | -1071 | -958 |       
| 2077 | -1105 | -985 |       
| 2078 | -1139 | -1012 |       
| 2079 | -1175 | -1039 |       
| 2080 | -1211 | -1067 |       
| 2081 | -1248 | -1095 |       
| 2082 | -1286 | -1124 |       
| 2083 | -1324 | -1153 |       
| 2084 | -1363 | -1182 |       
| 2085 | -1403 | -1211 |       
| 2086 | -1443 | -1241 |       
| 2087 | -1483 | -1270 |       
| 2088 | -1524 | -1299 |       
| 2089 | -1564 | -1328 |       
| 2090 | -1604 | -1356 |       
| 2091 | -1643 | -1383 |       
| 2092 | -1681 | -1409 |       
| 2093 | -1718 | -1433 |       
| 2094 | -1754 | -1458 |       
| 2095 | -1789 | -1481 |       
| 2096 | -1825 | -1504 | 
    
    
  
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