Proposed Provision: Progressive price indexing of PIA formula factors beginning with individuals newly eligible for OASDI benefits in 2017. Create new bend point at the 50th percentile of earners. Maintain current-law benefits for earners at the 50th percentile and below and reduce upper 2 formula factors (32% and 15%) such that maximum worker benefit grows by inflation rather than the growth in average wages.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2010 | 355 | 355 |
| 2011 | 353 | 353 |
| 2012 | 350 | 350 |
| 2013 | 346 | 346 |
| 2014 | 341 | 341 |
| 2015 | 335 | 335 |
| 2016 | 330 | 330 |
| 2017 | 324 | 324 |
| 2018 | 317 | 317 |
| 2019 | 309 | 309 |
| 2020 | 299 | 300 |
| 2021 | 289 | 290 |
| 2022 | 277 | 280 |
| 2023 | 264 | 268 |
| 2024 | 251 | 255 |
| 2025 | 237 | 242 |
| 2026 | 221 | 228 |
| 2027 | 205 | 213 |
| 2028 | 189 | 198 |
| 2029 | 171 | 183 |
| 2030 | 154 | 167 |
| 2031 | 136 | 151 |
| 2032 | 117 | 134 |
| 2033 | 98 | 118 |
| 2034 | 79 | 101 |
| 2035 | 59 | 84 |
| 2036 | 39 | 67 |
| 2037 | 19 | 51 |
| 2038 | -1 | 34 |
| 2039 | -21 | 17 |
| 2040 | -42 | 0 |
| 2041 | -63 | -16 |
| 2042 | -84 | -33 |
| 2043 | -105 | -49 |
| 2044 | -126 | -65 |
| 2045 | -147 | -81 |
| 2046 | -168 | -96 |
| 2047 | -189 | -112 |
| 2048 | -211 | -127 |
| 2049 | -233 | -142 |
| 2050 | -255 | -158 |
| 2051 | -277 | -173 |
| 2052 | -299 | -187 |
| 2053 | -321 | -202 |
| 2054 | -344 | -217 |
| 2055 | -366 | -231 |
| 2056 | -389 | -246 |
| 2057 | -412 | -260 |
| 2058 | -436 | -275 |
| 2059 | -460 | -290 |
| 2060 | -485 | -304 |
| 2061 | -509 | -319 |
| 2062 | -534 | -334 |
| 2063 | -560 | -349 |
| 2064 | -586 | -364 |
| 2065 | -612 | -379 |
| 2066 | -638 | -394 |
| 2067 | -665 | -409 |
| 2068 | -692 | -424 |
| 2069 | -720 | -439 |
| 2070 | -748 | -454 |
| 2071 | -776 | -469 |
| 2072 | -805 | -485 |
| 2073 | -834 | -501 |
| 2074 | -864 | -516 |
| 2075 | -894 | -532 |
| 2076 | -925 | -549 |
| 2077 | -957 | -565 |
| 2078 | -989 | -582 |
| 2079 | -1021 | -599 |
| 2080 | -1054 | -616 |
| 2081 | -1087 | -633 |
| 2082 | -1121 | -651 |
| 2083 | -1156 | -669 |
| 2084 | -1191 | -687 |
| 2085 | -1227 | -706 |
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