Proposed Provision: Starting in 2011, provide a 5% uniform benefit increase, beginning 20 years after eligibility. The benefit increase would be phased in at 1% per year from the 20th through 24th years after initial benefit eligibility. For disabled workers the eligibility age would be the initial entitlement year to the benefit. The benefit increase is equal to 5% 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
201012.312.313.113.1
201112.912.913.013.1
201212.912.912.812.9
201312.912.912.812.9
201412.912.912.913.0
201512.912.913.013.1
201613.013.013.113.2
201713.013.013.313.4
201813.013.013.513.6
201913.013.013.813.9
202013.013.114.114.2
202113.113.114.514.6
202213.113.114.714.8
202313.113.115.015.1
202413.113.115.315.4
202513.113.115.515.6
202613.113.215.815.9
202713.213.216.016.1
202813.213.216.116.2
202913.213.216.316.4
203013.213.216.416.5
203113.213.216.516.6
203213.213.216.616.7
203313.213.216.716.8
203413.213.216.716.8
203513.213.216.716.9
203613.213.216.716.9
203713.213.216.716.9
203813.213.216.716.9
203913.213.216.716.9
204013.213.216.616.8
204113.213.216.616.8
204213.213.216.616.7
204313.213.216.516.7
204413.213.216.516.7
204513.213.216.416.6
204613.213.216.416.6
204713.213.216.416.6
204813.213.216.416.6
204913.213.216.416.6
205013.213.216.316.5
205113.213.216.316.5
205213.213.216.316.5
205313.213.216.316.5
205413.213.216.316.6
205513.213.216.416.6
205613.213.216.416.6
205713.213.216.416.6
205813.213.216.416.6
205913.213.316.516.7
206013.213.316.516.7
206113.213.316.516.7
206213.213.316.516.7
206313.213.316.616.8
206413.313.316.616.8
206513.313.316.616.8
206613.313.316.716.9
206713.313.316.716.9
206813.313.316.716.9
206913.313.316.817.0
207013.313.316.817.0
207113.313.316.817.1
207213.313.316.917.1
207313.313.316.917.2
207413.313.317.017.2
207513.313.317.017.3
207613.313.317.117.3
207713.313.317.117.4
207813.313.317.217.4
207913.313.317.217.4
208013.313.317.317.5
208113.313.317.317.5
208213.313.317.317.6
208313.313.317.417.6
208413.313.317.417.7
208513.313.317.517.7
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