Detailed Single Year Tables
Description of Proposed Provision:
B1.3: Progressive price indexing (40th percentile) of PIA factors beginning with individuals newly eligible for OASDI benefits in 2032: Create a new bend point at the 40th percentile of the AIME distribution of newly retired workers. Maintain current-law benefits for earners at the 40th percentile and below. Reduce the 32 and 15 percent factors above the 40th 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.
Financial Estimates for the OASDI Trust Fund Program
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
|
Expressed as a percentage of current-law taxable payroll |
Trust fund ratio as of January 1 |
Expressed as a percentage of current-law taxable payroll |
|||||||
|
Calendar year |
Cost rate |
Income rate |
Annual balance |
Cost rate |
Income rate |
Annual balance |
|||
| 2025 | 15.15 | 12.80 | -2.35 | 169 | 0.00 | 0.00 | 0.00 | ||
| 2026 | 15.29 | 13.03 | -2.25 | 149 | 0.00 | 0.00 | 0.00 | ||
| 2027 | 15.48 | 13.08 | -2.39 | 131 | 0.00 | 0.00 | 0.00 | ||
| 2028 | 15.59 | 13.11 | -2.48 | 113 | 0.00 | 0.00 | 0.00 | ||
| 2029 | 15.69 | 13.14 | -2.55 | 95 | 0.00 | 0.00 | 0.00 | ||
| 2030 | 15.80 | 13.16 | -2.64 | 78 | 0.00 | 0.00 | 0.00 | ||
| 2031 | 15.91 | 13.18 | -2.73 | 60 | 0.00 | 0.00 | 0.00 | ||
| 2032 | 16.00 | 13.20 | -2.80 | 43 | -0.00 | -0.00 | 0.00 | ||
| 2033 | 16.07 | 13.24 | -2.83 | 26 | -0.00 | -0.00 | 0.00 | ||
| 2034 | 16.14 | 13.26 | -2.88 | 9 | -0.00 | -0.00 | 0.00 | ||
| 2035 | 16.22 | 13.28 | -2.95 | — | -0.01 | -0.00 | 0.01 | ||
| 2036 | 16.31 | 13.28 | -3.02 | — | -0.02 | -0.00 | 0.01 | ||
| 2037 | 16.39 | 13.29 | -3.10 | — | -0.02 | -0.00 | 0.02 | ||
| 2038 | 16.45 | 13.30 | -3.15 | — | -0.04 | -0.00 | 0.04 | ||
| 2039 | 16.50 | 13.31 | -3.19 | — | -0.06 | -0.00 | 0.05 | ||
| 2040 | 16.53 | 13.31 | -3.21 | — | -0.08 | -0.00 | 0.07 | ||
| 2041 | 16.54 | 13.31 | -3.23 | — | -0.10 | -0.01 | 0.10 | ||
| 2042 | 16.54 | 13.32 | -3.22 | — | -0.14 | -0.01 | 0.13 | ||
| 2043 | 16.54 | 13.32 | -3.22 | — | -0.17 | -0.01 | 0.16 | ||
| 2044 | 16.53 | 13.32 | -3.21 | — | -0.21 | -0.01 | 0.20 | ||
| 2045 | 16.52 | 13.32 | -3.19 | — | -0.26 | -0.01 | 0.24 | ||
| 2046 | 16.50 | 13.32 | -3.17 | — | -0.31 | -0.02 | 0.29 | ||
| 2047 | 16.48 | 13.32 | -3.15 | — | -0.36 | -0.02 | 0.34 | ||
| 2048 | 16.46 | 13.32 | -3.14 | — | -0.42 | -0.02 | 0.39 | ||
| 2049 | 16.45 | 13.32 | -3.12 | — | -0.48 | -0.03 | 0.45 | ||
| 2050 | 16.43 | 13.33 | -3.11 | — | -0.54 | -0.03 | 0.51 | ||
| 2051 | 16.42 | 13.33 | -3.09 | — | -0.60 | -0.04 | 0.57 | ||
| 2052 | 16.41 | 13.33 | -3.08 | — | -0.67 | -0.04 | 0.63 | ||
| 2053 | 16.40 | 13.33 | -3.07 | — | -0.75 | -0.04 | 0.70 | ||
| 2054 | 16.40 | 13.33 | -3.07 | — | -0.82 | -0.05 | 0.77 | ||
| 2055 | 16.40 | 13.33 | -3.07 | — | -0.90 | -0.05 | 0.85 | ||
| 2056 | 16.41 | 13.33 | -3.07 | — | -0.98 | -0.06 | 0.92 | ||
| 2057 | 16.42 | 13.34 | -3.08 | — | -1.06 | -0.06 | 1.00 | ||
| 2058 | 16.43 | 13.34 | -3.09 | — | -1.14 | -0.07 | 1.08 | ||
| 2059 | 16.43 | 13.34 | -3.09 | — | -1.23 | -0.07 | 1.15 | ||
| 2060 | 16.43 | 13.34 | -3.09 | — | -1.31 | -0.08 | 1.23 | ||
| 2061 | 16.43 | 13.35 | -3.08 | — | -1.39 | -0.08 | 1.31 | ||
| 2062 | 16.42 | 13.35 | -3.07 | — | -1.47 | -0.09 | 1.38 | ||
| 2063 | 16.41 | 13.35 | -3.06 | — | -1.56 | -0.09 | 1.46 | ||
| 2064 | 16.39 | 13.35 | -3.05 | — | -1.64 | -0.10 | 1.54 | ||
| 2065 | 16.38 | 13.35 | -3.03 | — | -1.72 | -0.10 | 1.61 | ||
| 2066 | 16.37 | 13.35 | -3.02 | — | -1.80 | -0.11 | 1.69 | ||
| 2067 | 16.36 | 13.35 | -3.01 | — | -1.88 | -0.12 | 1.76 | ||
| 2068 | 16.35 | 13.35 | -3.00 | — | -1.96 | -0.12 | 1.84 | ||
| 2069 | 16.34 | 13.35 | -2.99 | — | -2.04 | -0.13 | 1.91 | ||
| 2070 | 16.34 | 13.35 | -2.98 | — | -2.12 | -0.13 | 1.99 | ||
| 2071 | 16.33 | 13.35 | -2.98 | — | -2.20 | -0.14 | 2.06 | ||
| 2072 | 16.32 | 13.35 | -2.97 | — | -2.28 | -0.14 | 2.14 | ||
| 2073 | 16.31 | 13.36 | -2.96 | — | -2.36 | -0.15 | 2.21 | ||
| 2074 | 16.30 | 13.36 | -2.95 | — | -2.44 | -0.15 | 2.29 | ||
| 2075 | 16.29 | 13.36 | -2.93 | — | -2.52 | -0.16 | 2.36 | ||
| 2076 | 16.26 | 13.36 | -2.90 | — | -2.59 | -0.16 | 2.43 | ||
| 2077 | 16.23 | 13.35 | -2.87 | — | -2.67 | -0.17 | 2.50 | ||
| 2078 | 16.19 | 13.35 | -2.83 | — | -2.74 | -0.17 | 2.57 | ||
| 2079 | 16.14 | 13.35 | -2.79 | — | -2.81 | -0.18 | 2.63 | ||
| 2080 | 16.08 | 13.35 | -2.73 | — | -2.88 | -0.18 | 2.70 | ||
| 2081 | 16.01 | 13.35 | -2.67 | — | -2.94 | -0.18 | 2.76 | ||
| 2082 | 15.94 | 13.34 | -2.60 | — | -3.01 | -0.19 | 2.82 | ||
| 2083 | 15.86 | 13.34 | -2.53 | — | -3.07 | -0.19 | 2.88 | ||
| 2084 | 15.78 | 13.33 | -2.45 | — | -3.13 | -0.20 | 2.93 | ||
| 2085 | 15.68 | 13.33 | -2.36 | — | -3.19 | -0.20 | 2.99 | ||
| 2086 | 15.58 | 13.32 | -2.26 | — | -3.24 | -0.20 | 3.04 | ||
| 2087 | 15.47 | 13.31 | -2.16 | — | -3.29 | -0.21 | 3.09 | ||
| 2088 | 15.36 | 13.31 | -2.06 | — | -3.34 | -0.21 | 3.13 | ||
| 2089 | 15.25 | 13.30 | -1.95 | — | -3.39 | -0.21 | 3.18 | ||
| 2090 | 15.14 | 13.29 | -1.85 | — | -3.44 | -0.22 | 3.22 | ||
| 2091 | 15.03 | 13.29 | -1.75 | — | -3.48 | -0.22 | 3.27 | ||
| 2092 | 14.93 | 13.28 | -1.65 | — | -3.53 | -0.22 | 3.31 | ||
| 2093 | 14.84 | 13.27 | -1.57 | — | -3.58 | -0.22 | 3.36 | ||
| 2094 | 14.75 | 13.27 | -1.48 | — | -3.63 | -0.23 | 3.40 | ||
| 2095 | 14.68 | 13.26 | -1.41 | — | -3.68 | -0.23 | 3.45 | ||
| 2096 | 14.61 | 13.26 | -1.35 | — | -3.74 | -0.23 | 3.50 | ||
| 2097 | 14.54 | 13.26 | -1.29 | — | -3.79 | -0.24 | 3.55 | ||
| 2098 | 14.49 | 13.25 | -1.23 | — | -3.84 | -0.24 | 3.60 | ||
| 2099 | 14.44 | 13.25 | -1.19 | — | -3.90 | -0.25 | 3.65 | ||
| 2100 | 14.40 | 13.25 | -1.15 | — | -3.95 | -0.25 | 3.70 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2025-2099 | 16.19% | 13.70% | -2.49% | 2034 | -1.42% | -0.09% | 1.33% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2034. |
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Based on Intermediate Assumptions of the 2025 Trustees Report.