Proposed Provision: B1.4. Progressive price indexing (50th percentile) of PIA factors beginning with individuals newly eligible for OASDI benefits in 2025: 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 |
Current Law |
Provision |
2018 | 288 | 288 |
2019 | 272 | 272 |
2020 | 256 | 256 |
2021 | 239 | 239 |
2022 | 223 | 223 |
2023 | 206 | 206 |
2024 | 188 | 188 |
2025 | 171 | 171 |
2026 | 154 | 154 |
2027 | 137 | 137 |
2028 | 120 | 121 |
2029 | 104 | 104 |
2030 | 86 | 87 |
2031 | 69 | 70 |
2032 | 51 | 52 |
2033 | 33 | 34 |
2034 | 14 | 16 |
2035 | -5 | -3 |
2036 | -25 | -23 |
2037 | -46 | -42 |
2038 | -67 | -63 |
2039 | -88 | -83 |
2040 | -110 | -104 |
2041 | -132 | -124 |
2042 | -154 | -145 |
2043 | -176 | -166 |
2044 | -199 | -187 |
2045 | -221 | -208 |
2046 | -244 | -228 |
2047 | -267 | -249 |
2048 | -289 | -269 |
2049 | -312 | -289 |
2050 | -335 | -309 |
2051 | -358 | -329 |
2052 | -381 | -348 |
2053 | -403 | -368 |
2054 | -426 | -387 |
2055 | -450 | -406 |
2056 | -473 | -425 |
2057 | -496 | -444 |
2058 | -520 | -463 |
2059 | -544 | -482 |
2060 | -569 | -501 |
2061 | -594 | -520 |
2062 | -619 | -540 |
2063 | -645 | -559 |
2064 | -671 | -579 |
2065 | -698 | -599 |
2066 | -725 | -619 |
2067 | -752 | -639 |
2068 | -780 | -659 |
2069 | -808 | -680 |
2070 | -837 | -700 |
2071 | -866 | -721 |
2072 | -896 | -742 |
2073 | -927 | -764 |
2074 | -958 | -786 |
2075 | -990 | -808 |
2076 | -1023 | -831 |
2077 | -1057 | -854 |
2078 | -1092 | -878 |
2079 | -1128 | -902 |
2080 | -1165 | -926 |
2081 | -1202 | -951 |
2082 | -1240 | -975 |
2083 | -1278 | -999 |
2084 | -1316 | -1023 |
2085 | -1354 | -1047 |
2086 | -1392 | -1071 |
2087 | -1430 | -1094 |
2088 | -1468 | -1116 |
2089 | -1505 | -1138 |
2090 | -1543 | -1160 |
2091 | -1580 | -1182 |
2092 | -1618 | -1203 |
2093 | -1655 | -1225 |
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