Proposed Provision: Effective in 2015, provide a 5-percent uniform PIA increase 20 years after eligibility. The benefit increase is phased in at 1 percent per year from the 16th through 20th years after initial eligibility. The full PIA increase is equal to 5 percent of the PIA of a worker assumed to have career-average earnings equal to SSA’s average wage index.

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

  Income Rates Cost Rates
Year Present Law Provision Present Law Provision
201212.912.913.813.8
201312.812.814.014.0
201412.912.914.014.0
201513.013.014.014.1
201613.013.013.914.1
201713.013.013.914.1
201813.013.014.014.1
201913.113.114.114.3
202013.113.114.414.5
202113.113.114.714.8
202213.113.115.015.1
202313.113.215.315.4
202413.213.215.615.8
202513.213.215.916.1
202613.213.216.216.3
202713.213.216.416.6
202813.213.216.616.8
202913.213.216.817.0
203013.213.317.017.2
203113.313.317.117.4
203213.313.317.217.5
203313.313.317.317.6
203413.313.317.417.6
203513.313.317.417.6
203613.313.317.417.7
203713.313.317.417.7
203813.313.317.417.7
203913.313.317.417.7
204013.313.317.417.6
204113.313.317.317.6
204213.313.317.317.6
204313.313.317.217.5
204413.313.317.217.5
204513.313.317.217.5
204613.313.317.217.5
204713.313.317.117.4
204813.313.317.117.4
204913.313.317.117.4
205013.313.317.117.4
205113.313.317.117.4
205213.313.317.117.4
205313.313.317.117.4
205413.313.317.117.4
205513.313.317.117.4
205613.313.317.117.4
205713.313.317.117.4
205813.313.317.117.4
205913.313.317.117.4
206013.313.317.217.4
206113.313.317.217.4
206213.313.317.217.5
206313.313.317.217.5
206413.313.317.217.5
206513.313.317.217.5
206613.313.317.217.5
206713.313.317.217.5
206813.313.317.317.6
206913.313.317.317.6
207013.313.317.317.6
207113.313.317.417.7
207213.313.317.417.7
207313.313.317.417.7
207413.313.317.417.7
207513.313.317.517.8
207613.313.317.517.8
207713.313.317.517.8
207813.313.317.517.9
207913.313.317.617.9
208013.313.317.617.9
208113.313.317.618.0
208213.313.317.718.0
208313.313.317.718.0
208413.313.317.818.1
208513.313.317.818.1
208613.313.317.818.2
208713.313.317.918.2
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