; and (2) by adding at the end the following: (3) For purposes of paragraph (1), the applicable percentage for a year shall be determined in accordance with the following table: The applicable In the case of: percentage is: Calendar year 2019 90 percent Calendar year 2020 80 percent Calendar year 2021 70 percent Calendar year 2022 60 percent Calendar year 2023 50 percent Calendar year 2024 40 percent Calendar year 2025 30 percent Calendar year 2026 20 percent Calendar year 2027 10 percent Calendar years after 2028 0 percent. . (d) Conforming amendment Section 215(i)(2)(C)(i) of the Social Security Act ( 42 U.S.C. 415(i)(2)(C)(i) ) is amended by striking the Commissioner's estimate of the extent to which the cost of such increase would be met by an increase in the contribution and benefit base under section 230 and the estimated amount of the increase in such base, . 6. New bend point for amounts above contribution and benefit base (a) In general Section 215(a)(1) of the Social Security Act ( 42 U.S.C. 415(a)(1) ) is amended— (1) in subparagraph (A)— (A) in clause (ii), by striking and ; (B) in clause (iii), by striking the comma at the end and inserting the following: but do not exceed the amount established for purposes of this clause by subparagraph (B), and ; and (C) by inserting after clause (iii) the following: (iv) 3 percent of the individual’s average indexed monthly earnings to the extent that such earnings exceed the amount established for purposes of clause (iii), ; and (2) in subparagraph (B)— (A) by inserting and before 2019 after 1979 in clause (ii); (B) by redesignating clause (iii) as clause (v)