Proposed Provision: Progressive price indexing (50th percentile) of PIA factors beginning with individuals newly eligible for OASDI benefits in 2021: 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.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Present Law Provision
2014320320
2015306306
2016292292
2017277277
2018262262
2019248248
2020233233
2021219219
2022203203
2023187188
2024171171
2025154155
2026137138
2027119120
2028101103
20298385
20306466
20314446
20322327
203326
2034-20-15
2035-42-36
2036-65-58
2037-88-80
2038-112-102
2039-136-124
2040-160-147
2041-185-170
2042-210-192
2043-235-215
2044-260-238
2045-285-261
2046-310-283
2047-336-306
2048-362-329
2049-388-352
2050-415-375
2051-442-398
2052-468-421
2053-495-444
2054-523-466
2055-550-489
2056-578-512
2057-606-535
2058-635-559
2059-664-582
2060-694-606
2061-725-631
2062-756-655
2063-787-680
2064-819-705
2065-852-730
2066-885-755
2067-918-781
2068-952-807
2069-987-833
2070-1022-860
2071-1057-887
2072-1094-915
2073-1132-943
2074-1171-972
2075-1210-1001
2076-1251-1031
2077-1293-1061
2078-1335-1092
2079-1378-1122
2080-1421-1153
2081-1464-1183
2082-1507-1214
2083-1550-1243
2084-1593-1273
2085-1636-1303
2086-1680-1332
2087-1724-1362
2088-1769-1392
2089-1814-1423
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