Proposed Provision: Progressive price indexing (30th percentile) of PIA factors beginning with individuals newly eligible for OASI benefits in 2018: 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. Young survivors (children of deceased workers and surviving spouses with a child in care) are not affected.

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

Year Present Law Provision
2014320320
2015306306
2016292292
2017277277
2018262262
2019248248
2020233233
2021219219
2022203204
2023187189
2024171173
2025154157
2026137141
2027119125
2028101108
20298391
20306473
20314455
20322337
2033218
2034-20-1
2035-42-21
2036-65-40
2037-88-60
2038-112-80
2039-136-101
2040-160-121
2041-185-141
2042-210-161
2043-235-181
2044-260-200
2045-285-220
2046-310-239
2047-336-259
2048-362-278
2049-388-297
2050-415-316
2051-442-335
2052-468-353
2053-495-372
2054-523-390
2055-550-408
2056-578-426
2057-606-444
2058-635-462
2059-664-481
2060-694-499
2061-725-518
2062-756-537
2063-787-555
2064-819-574
2065-852-593
2066-885-613
2067-918-632
2068-952-651
2069-987-671
2070-1022-691
2071-1057-711
2072-1094-731
2073-1132-752
2074-1171-773
2075-1210-794
2076-1251-816
2077-1293-838
2078-1335-860
2079-1378-882
2080-1421-904
2081-1464-926
2082-1507-948
2083-1550-969
2084-1593-990
2085-1636-1011
2086-1680-1033
2087-1724-1054
2088-1769-1075
2089-1814-1097
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