Proposed Provision: B1.6 (2027). Progressive price indexing (30th percentile) of PIA factors beginning with individuals newly eligible for OASI benefits in 2027: Create a new bend point at the 30th percentile of the AIME distribution of newly retired workers. Maintain current-law benefits for earners at the 30th percentile and below. Reduce the 32 and 15 percent factors above the 30th 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 |
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 | 120 |
2029 | 104 | 104 |
2030 | 86 | 87 |
2031 | 69 | 69 |
2032 | 51 | 51 |
2033 | 33 | 33 |
2034 | 14 | 15 |
2035 | -5 | -5 |
2036 | -25 | -24 |
2037 | -46 | -44 |
2038 | -67 | -65 |
2039 | -88 | -85 |
2040 | -110 | -106 |
2041 | -132 | -128 |
2042 | -154 | -149 |
2043 | -176 | -170 |
2044 | -199 | -191 |
2045 | -221 | -213 |
2046 | -244 | -234 |
2047 | -267 | -255 |
2048 | -289 | -275 |
2049 | -312 | -296 |
2050 | -335 | -316 |
2051 | -358 | -336 |
2052 | -381 | -356 |
2053 | -403 | -376 |
2054 | -426 | -396 |
2055 | -450 | -415 |
2056 | -473 | -434 |
2057 | -496 | -454 |
2058 | -520 | -473 |
2059 | -544 | -492 |
2060 | -569 | -511 |
2061 | -594 | -530 |
2062 | -619 | -550 |
2063 | -645 | -569 |
2064 | -671 | -589 |
2065 | -698 | -608 |
2066 | -725 | -628 |
2067 | -752 | -648 |
2068 | -780 | -667 |
2069 | -808 | -687 |
2070 | -837 | -707 |
2071 | -866 | -727 |
2072 | -896 | -747 |
2073 | -927 | -768 |
2074 | -958 | -789 |
2075 | -990 | -810 |
2076 | -1023 | -832 |
2077 | -1057 | -854 |
2078 | -1092 | -876 |
2079 | -1128 | -899 |
2080 | -1165 | -922 |
2081 | -1202 | -945 |
2082 | -1240 | -968 |
2083 | -1278 | -991 |
2084 | -1316 | -1013 |
2085 | -1354 | -1036 |
2086 | -1392 | -1057 |
2087 | -1430 | -1079 |
2088 | -1468 | -1100 |
2089 | -1505 | -1120 |
2090 | -1543 | -1140 |
2091 | -1580 | -1160 |
2092 | -1618 | -1179 |
2093 | -1655 | -1199 |
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