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Detailed Single Year Tables

Description of 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.

 

Financial Estimates for the OASDI Trust Fund Program

 
  Proposal
  Change from Present Law
  Expressed as a percentage of
present-law taxable payroll

Trust fund
ratio as of
January 1
Expressed as a percentage of
present-law taxable payroll
Calendar
year
Cost
rate
Income
rate
Annual
balance

Cost
rate
Income
rate
Annual
balance
201013.0912.33-0.76
355
0.000.000.00
201113.0412.91-0.12
353
0.000.000.00
201212.8412.870.03
350
0.000.000.00
201312.8212.900.08
346
0.000.000.00
201412.8612.920.06
341
0.000.000.00
201512.9812.94-0.04
335
0.000.000.00
201613.1012.96-0.14
330
0.000.000.00
201713.3012.99-0.31
324
0.000.000.00
201813.5313.01-0.52
317
-0.010.000.01
201913.8113.03-0.79
309
-0.020.000.02
202014.1113.05-1.06
300
-0.040.000.04
202114.4013.06-1.33
290
-0.060.000.06
202214.6713.08-1.59
280
-0.080.000.08
202314.9213.10-1.83
268
-0.11-0.010.10
202415.1513.11-2.04
255
-0.13-0.010.13
202515.3713.12-2.25
242
-0.17-0.010.16
202615.5613.14-2.42
228
-0.20-0.010.19
202715.7213.15-2.57
213
-0.23-0.010.22
202815.8613.16-2.70
198
-0.27-0.010.26
202915.9813.17-2.81
183
-0.31-0.020.29
203016.0613.17-2.88
167
-0.35-0.020.33
203116.1213.18-2.94
151
-0.39-0.020.37
203216.1613.19-2.98
134
-0.43-0.020.41
203316.1913.19-3.00
118
-0.47-0.020.45
203416.1913.19-2.99
101
-0.52-0.030.49
203516.1713.19-2.97
84
-0.56-0.030.53
203616.1313.19-2.94
67
-0.61-0.030.57
203716.0813.19-2.89
51
-0.65-0.030.62
203816.0213.19-2.82
34
-0.70-0.040.66
203915.9413.19-2.75
17
-0.74-0.040.71
204015.8513.19-2.66
0
-0.79-0.040.75
204115.7613.18-2.58
----
-0.84-0.040.79
204215.6713.18-2.49
----
-0.89-0.050.84
204315.5813.18-2.40
----
-0.93-0.050.88
204415.4913.17-2.32
----
-0.98-0.050.93
204515.4113.17-2.24
----
-1.03-0.060.98
204615.3413.17-2.17
----
-1.08-0.061.02
204715.2613.16-2.10
----
-1.13-0.061.07
204815.1913.16-2.03
----
-1.18-0.061.12
204915.1213.16-1.96
----
-1.23-0.071.17
205015.0513.16-1.90
----
-1.28-0.071.21
205115.0013.15-1.84
----
-1.33-0.071.26
205214.9513.15-1.79
----
-1.38-0.071.30
205314.9013.15-1.75
----
-1.43-0.081.35
205414.8713.15-1.72
----
-1.48-0.081.40
205514.8413.15-1.69
----
-1.53-0.081.45
205614.8113.15-1.66
----
-1.58-0.091.49
205714.7913.15-1.64
----
-1.63-0.091.54
205814.7613.15-1.61
----
-1.68-0.091.59
205914.7313.15-1.58
----
-1.73-0.091.64
206014.7113.15-1.56
----
-1.78-0.101.68
206114.6813.15-1.54
----
-1.83-0.101.73
206214.6613.14-1.51
----
-1.87-0.101.77
206314.6413.14-1.49
----
-1.92-0.101.82
206414.6213.14-1.47
----
-1.97-0.111.86
206514.6013.14-1.46
----
-2.01-0.111.90
206614.5913.14-1.45
----
-2.06-0.111.95
206714.5813.14-1.44
----
-2.10-0.121.99
206814.5813.14-1.43
----
-2.15-0.122.03
206914.5813.14-1.43
----
-2.19-0.122.07
207014.5813.14-1.43
----
-2.23-0.122.11
207114.5813.15-1.44
----
-2.27-0.122.14
207214.5913.15-1.44
----
-2.30-0.132.18
207314.6013.15-1.45
----
-2.34-0.132.21
207414.6113.15-1.46
----
-2.37-0.132.24
207514.6213.15-1.47
----
-2.41-0.132.27
207614.6313.15-1.48
----
-2.44-0.132.30
207714.6513.15-1.50
----
-2.47-0.142.33
207814.6713.15-1.51
----
-2.50-0.142.36
207914.6813.15-1.53
----
-2.52-0.142.38
208014.7013.16-1.55
----
-2.55-0.142.41
208114.7213.16-1.57
----
-2.57-0.142.43
208214.7513.16-1.59
----
-2.59-0.142.45
208314.7713.16-1.61
----
-2.61-0.152.47
208414.7913.16-1.63
----
-2.63-0.152.49
208514.8213.16-1.65
----
-2.65-0.152.50



 

Summarized Estimates

 
  Proposal
  Change from Present Law
Years Cost
rate
Income
rate
Actuarial
balance

Year of
exhaustion
1

Cost
rate
Income
rate
Actuarial
balance
 
Based on Intermediate Assumptions of the 2010 Trustees Report.
2010-2084 14.94% 13.96% -0.99%
2040
-0.98% -0.05% 0.93%
 
1 Under present law, the year of exhaustion is 2037.

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Last reviewed or modified March 2, 2011