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
2021253253
2022231231
2023214214
2024196196
2025178178
2026159159
2027141141
2028122122
2029104104
20308585
20316666
20324647
20332727
203478
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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