Detailed Single Year Tables
Description of Proposed Provision:
B1.5: Progressive price indexing (60th percentile) of PIA factors beginning with individuals newly eligible for OASDI benefits in 2032: 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.
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 | 13.27 | -2.88 | 9 | -0.00 | -0.00 | 0.00 | ||
| 2035 | 16.23 | 13.28 | -2.95 | — | -0.00 | -0.00 | 0.00 | ||
| 2036 | 16.32 | 13.29 | -3.03 | — | -0.01 | -0.00 | 0.01 | ||
| 2037 | 16.40 | 13.29 | -3.11 | — | -0.01 | -0.00 | 0.01 | ||
| 2038 | 16.47 | 13.30 | -3.16 | — | -0.02 | -0.00 | 0.02 | ||
| 2039 | 16.52 | 13.31 | -3.21 | — | -0.03 | -0.00 | 0.03 | ||
| 2040 | 16.56 | 13.31 | -3.24 | — | -0.05 | -0.00 | 0.05 | ||
| 2041 | 16.58 | 13.32 | -3.26 | — | -0.07 | -0.00 | 0.06 | ||
| 2042 | 16.59 | 13.32 | -3.27 | — | -0.09 | -0.00 | 0.08 | ||
| 2043 | 16.60 | 13.32 | -3.28 | — | -0.11 | -0.01 | 0.10 | ||
| 2044 | 16.60 | 13.32 | -3.28 | — | -0.14 | -0.01 | 0.13 | ||
| 2045 | 16.61 | 13.33 | -3.28 | — | -0.17 | -0.01 | 0.16 | ||
| 2046 | 16.60 | 13.33 | -3.28 | — | -0.20 | -0.01 | 0.19 | ||
| 2047 | 16.60 | 13.33 | -3.27 | — | -0.24 | -0.01 | 0.22 | ||
| 2048 | 16.60 | 13.33 | -3.27 | — | -0.27 | -0.02 | 0.26 | ||
| 2049 | 16.61 | 13.33 | -3.28 | — | -0.31 | -0.02 | 0.30 | ||
| 2050 | 16.61 | 13.34 | -3.28 | — | -0.36 | -0.02 | 0.34 | ||
| 2051 | 16.62 | 13.34 | -3.28 | — | -0.40 | -0.02 | 0.38 | ||
| 2052 | 16.63 | 13.34 | -3.29 | — | -0.45 | -0.03 | 0.42 | ||
| 2053 | 16.65 | 13.34 | -3.31 | — | -0.50 | -0.03 | 0.47 | ||
| 2054 | 16.67 | 13.35 | -3.32 | — | -0.55 | -0.03 | 0.52 | ||
| 2055 | 16.70 | 13.35 | -3.35 | — | -0.60 | -0.04 | 0.56 | ||
| 2056 | 16.73 | 13.35 | -3.38 | — | -0.66 | -0.04 | 0.62 | ||
| 2057 | 16.77 | 13.36 | -3.41 | — | -0.71 | -0.04 | 0.67 | ||
| 2058 | 16.80 | 13.36 | -3.44 | — | -0.77 | -0.05 | 0.72 | ||
| 2059 | 16.84 | 13.37 | -3.47 | — | -0.82 | -0.05 | 0.77 | ||
| 2060 | 16.86 | 13.37 | -3.49 | — | -0.88 | -0.05 | 0.83 | ||
| 2061 | 16.88 | 13.37 | -3.51 | — | -0.94 | -0.06 | 0.88 | ||
| 2062 | 16.90 | 13.38 | -3.53 | — | -0.99 | -0.06 | 0.93 | ||
| 2063 | 16.92 | 13.38 | -3.54 | — | -1.05 | -0.06 | 0.98 | ||
| 2064 | 16.93 | 13.38 | -3.55 | — | -1.10 | -0.07 | 1.03 | ||
| 2065 | 16.94 | 13.38 | -3.56 | — | -1.16 | -0.07 | 1.09 | ||
| 2066 | 16.96 | 13.38 | -3.57 | — | -1.21 | -0.08 | 1.14 | ||
| 2067 | 16.97 | 13.39 | -3.58 | — | -1.27 | -0.08 | 1.19 | ||
| 2068 | 16.99 | 13.39 | -3.60 | — | -1.32 | -0.08 | 1.24 | ||
| 2069 | 17.00 | 13.39 | -3.61 | — | -1.38 | -0.09 | 1.29 | ||
| 2070 | 17.03 | 13.39 | -3.63 | — | -1.43 | -0.09 | 1.34 | ||
| 2071 | 17.04 | 13.40 | -3.65 | — | -1.48 | -0.09 | 1.39 | ||
| 2072 | 17.06 | 13.40 | -3.66 | — | -1.54 | -0.10 | 1.44 | ||
| 2073 | 17.08 | 13.40 | -3.68 | — | -1.59 | -0.10 | 1.49 | ||
| 2074 | 17.10 | 13.40 | -3.69 | — | -1.64 | -0.10 | 1.54 | ||
| 2075 | 17.11 | 13.41 | -3.70 | — | -1.69 | -0.11 | 1.59 | ||
| 2076 | 17.11 | 13.41 | -3.70 | — | -1.74 | -0.11 | 1.63 | ||
| 2077 | 17.11 | 13.41 | -3.70 | — | -1.79 | -0.11 | 1.67 | ||
| 2078 | 17.10 | 13.41 | -3.69 | — | -1.83 | -0.12 | 1.71 | ||
| 2079 | 17.08 | 13.41 | -3.67 | — | -1.87 | -0.12 | 1.75 | ||
| 2080 | 17.05 | 13.41 | -3.64 | — | -1.90 | -0.12 | 1.78 | ||
| 2081 | 17.02 | 13.41 | -3.61 | — | -1.94 | -0.12 | 1.81 | ||
| 2082 | 16.98 | 13.40 | -3.58 | — | -1.97 | -0.12 | 1.84 | ||
| 2083 | 16.94 | 13.40 | -3.54 | — | -1.99 | -0.13 | 1.87 | ||
| 2084 | 16.89 | 13.40 | -3.49 | — | -2.02 | -0.13 | 1.89 | ||
| 2085 | 16.83 | 13.40 | -3.43 | — | -2.04 | -0.13 | 1.91 | ||
| 2086 | 16.77 | 13.39 | -3.37 | — | -2.06 | -0.13 | 1.93 | ||
| 2087 | 16.69 | 13.39 | -3.31 | — | -2.07 | -0.13 | 1.94 | ||
| 2088 | 16.62 | 13.38 | -3.24 | — | -2.08 | -0.13 | 1.95 | ||
| 2089 | 16.55 | 13.38 | -3.17 | — | -2.09 | -0.13 | 1.96 | ||
| 2090 | 16.48 | 13.38 | -3.10 | — | -2.10 | -0.13 | 1.97 | ||
| 2091 | 16.41 | 13.37 | -3.04 | — | -2.11 | -0.13 | 1.97 | ||
| 2092 | 16.35 | 13.37 | -2.98 | — | -2.11 | -0.13 | 1.98 | ||
| 2093 | 16.30 | 13.36 | -2.94 | — | -2.12 | -0.13 | 1.98 | ||
| 2094 | 16.26 | 13.36 | -2.90 | — | -2.12 | -0.14 | 1.99 | ||
| 2095 | 16.23 | 13.36 | -2.87 | — | -2.13 | -0.14 | 1.99 | ||
| 2096 | 16.21 | 13.36 | -2.85 | — | -2.13 | -0.14 | 2.00 | ||
| 2097 | 16.19 | 13.36 | -2.83 | — | -2.14 | -0.14 | 2.00 | ||
| 2098 | 16.18 | 13.36 | -2.83 | — | -2.15 | -0.14 | 2.01 | ||
| 2099 | 16.19 | 13.36 | -2.83 | — | -2.15 | -0.14 | 2.01 | ||
| 2100 | 16.19 | 13.36 | -2.84 | — | -2.16 | -0.14 | 2.02 | ||
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 | 16.71% | 13.73% | -2.98% | 2034 | -0.90% | -0.06% | 0.85% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2034. |
|||||||||
Based on Intermediate Assumptions of the 2025 Trustees Report.