Proposed Provision: Progressive price indexing (50th percentile) of PIA factors for individuals newly eligible for OASI benefits in 2019 through 2058: 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. 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 Present Law Provision
2014320320
2015306306
2016292292
2017277277
2018262262
2019248248
2020233233
2021219219
2022203204
2023187188
2024171172
2025154155
2026137139
2027119122
2028101104
20298387
20306468
20314449
20322330
2033210
2034-20-11
2035-42-31
2036-65-52
2037-88-74
2038-112-95
2039-136-117
2040-160-139
2041-185-161
2042-210-183
2043-235-206
2044-260-228
2045-285-249
2046-310-271
2047-336-294
2048-362-316
2049-388-338
2050-415-360
2051-442-382
2052-468-404
2053-495-426
2054-523-448
2055-550-470
2056-578-492
2057-606-515
2058-635-537
2059-664-560
2060-694-584
2061-725-607
2062-756-631
2063-787-655
2064-819-679
2065-852-703
2066-885-728
2067-918-752
2068-952-777
2069-987-803
2070-1022-828
2071-1057-854
2072-1094-881
2073-1132-908
2074-1171-936
2075-1210-964
2076-1251-993
2077-1293-1022
2078-1335-1052
2079-1378-1082
2080-1421-1112
2081-1464-1142
2082-1507-1171
2083-1550-1201
2084-1593-1230
2085-1636-1260
2086-1680-1290
2087-1724-1320
2088-1769-1350
2089-1814-1381
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