Proposed Provision: B1.6 (2030). Progressive price indexing (30th percentile) of PIA factors beginning with individuals newly eligible for OASI benefits in 2030: 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
2021253253
2022231231
2023214214
2024196196
2025178178
2026159159
2027141141
2028122122
2029104104
20308585
20316666
20324646
20332727
203477
2035-13-13
2036-33-33
2037-54-54
2038-76-75
2039-97-97
2040-119-119
2041-142-141
2042-165-163
2043-188-186
2044-211-209
2045-235-232
2046-258-255
2047-282-279
2048-306-302
2049-330-325
2050-354-348
2051-378-371
2052-403-395
2053-427-418
2054-452-441
2055-477-464
2056-502-487
2057-527-510
2058-552-533
2059-578-556
2060-604-579
2061-630-603
2062-657-626
2063-684-650
2064-712-673
2065-740-697
2066-768-721
2067-796-745
2068-825-769
2069-855-793
2070-884-818
2071-914-842
2072-945-867
2073-976-891
2074-1007-916
2075-1039-941
2076-1071-967
2077-1105-993
2078-1139-1020
2079-1175-1047
2080-1211-1075
2081-1248-1103
2082-1286-1131
2083-1324-1160
2084-1363-1188
2085-1403-1217
2086-1443-1246
2087-1483-1274
2088-1524-1303
2089-1564-1330
2090-1604-1357
2091-1643-1383
2092-1681-1407
2093-1718-1431
2094-1754-1453
2095-1789-1475
2096-1825-1496
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