Proposed Provision: Reduce the upper 15-percent PIA formula factor to 10 percent over a 30-year period from 2023 through 2052. Affects OASI and DI benefit computations.

OASDI Cost Rates and Income Rates
(as a percentage of taxable payroll)

  Income Rates Cost Rates
Year Present Law Provision Present Law Provision
201012.312.313.113.1
201112.912.913.013.0
201212.912.912.812.8
201312.912.912.812.8
201412.912.912.912.9
201512.912.913.013.0
201613.013.013.113.1
201713.013.013.313.3
201813.013.013.513.5
201913.013.013.813.8
202013.013.014.114.1
202113.113.114.514.5
202213.113.114.714.7
202313.113.115.015.0
202413.113.115.315.3
202513.113.115.515.5
202613.113.115.815.8
202713.213.216.016.0
202813.213.216.116.1
202913.213.216.316.3
203013.213.216.416.4
203113.213.216.516.5
203213.213.216.616.6
203313.213.216.716.6
203413.213.216.716.7
203513.213.216.716.7
203613.213.216.716.7
203713.213.216.716.7
203813.213.216.716.7
203913.213.216.716.6
204013.213.216.616.6
204113.213.216.616.5
204213.213.216.616.5
204313.213.216.516.5
204413.213.216.516.4
204513.213.216.416.4
204613.213.216.416.3
204713.213.216.416.3
204813.213.216.416.3
204913.213.216.416.3
205013.213.216.316.2
205113.213.216.316.2
205213.213.216.316.2
205313.213.216.316.2
205413.213.216.316.2
205513.213.216.416.2
205613.213.216.416.3
205713.213.216.416.3
205813.213.216.416.3
205913.213.216.516.3
206013.213.216.516.3
206113.213.216.516.3
206213.213.216.516.4
206313.213.216.616.4
206413.313.216.616.4
206513.313.216.616.4
206613.313.216.716.5
206713.313.216.716.5
206813.313.316.716.5
206913.313.316.816.6
207013.313.316.816.6
207113.313.316.816.7
207213.313.316.916.7
207313.313.316.916.7
207413.313.317.016.8
207513.313.317.016.8
207613.313.317.116.9
207713.313.317.116.9
207813.313.317.217.0
207913.313.317.217.0
208013.313.317.317.0
208113.313.317.317.1
208213.313.317.317.1
208313.313.317.417.2
208413.313.317.417.2
208513.313.317.517.3
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