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Detailed Single Year Tables

Description of Proposed Provision:
For OASI beneficiaries becoming eligible for benefits in 2023 and later, multiply the PIA factors by the ratio of life expectancy at 67 for 2018 to the life expectancy at age 67 for the 4th year prior to the year of initial benefit eligibility. Unisex life expectancies, based on period life tables as computed by SSA's Office of the Chief Actuary, would be used in determining the ratio. Disability benefits are not affected by the proposal. Disabled worker beneficiaries, upon attaining normal retirement age, would be subject to a proportional reduction in benefits based on the proportion of years at ages 22 through 61 not disabled.

 

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
201713.3012.99-0.32
324
0.000.000.00
201813.5513.01-0.53
317
0.000.000.00
201913.8413.03-0.81
309
0.000.000.00
202014.1513.05-1.10
299
0.000.000.00
202114.4513.07-1.39
289
0.000.000.00
202214.7513.08-1.66
277
0.000.000.00
202315.0313.10-1.93
264
0.000.000.00
202415.2913.12-2.17
251
0.000.000.00
202515.5313.13-2.40
237
0.000.000.00
202615.7513.15-2.60
221
-0.010.000.01
202715.9413.16-2.78
206
-0.010.000.01
202816.1113.17-2.94
189
-0.020.000.02
202916.2613.18-3.08
172
-0.030.000.03
203016.3713.19-3.18
155
-0.040.000.04
203116.4513.20-3.26
137
-0.050.000.05
203216.5213.20-3.32
118
-0.070.000.06
203316.5713.21-3.36
100
-0.080.000.08
203416.6013.21-3.39
81
-0.10-0.010.10
203516.6013.22-3.39
62
-0.12-0.010.12
203616.5913.22-3.37
43
-0.14-0.010.14
203716.5713.22-3.35
23
-0.17-0.010.16
203816.5213.22-3.30
4
-0.19-0.010.18
203916.4613.22-3.25
----
-0.22-0.010.21
204016.4013.22-3.18
----
-0.24-0.010.23
204116.3313.21-3.11
----
-0.27-0.020.26
204216.2513.21-3.04
----
-0.30-0.020.28
204316.1813.21-2.97
----
-0.33-0.020.31
204416.1113.21-2.90
----
-0.36-0.020.34
204516.0513.20-2.84
----
-0.40-0.020.37
204615.9913.20-2.79
----
-0.43-0.020.41
204715.9313.20-2.73
----
-0.47-0.030.44
204815.8713.20-2.68
----
-0.50-0.030.47
204915.8113.19-2.62
----
-0.54-0.030.51
205015.7613.19-2.57
----
-0.57-0.030.54
205115.7113.19-2.52
----
-0.61-0.030.58
205215.6713.19-2.48
----
-0.65-0.040.61
205315.6413.19-2.45
----
-0.69-0.040.65
205415.6213.19-2.43
----
-0.73-0.040.69
205515.6013.19-2.41
----
-0.77-0.040.73
205615.5813.19-2.40
----
-0.81-0.050.76
205715.5713.19-2.38
----
-0.85-0.050.80
205815.5513.19-2.36
----
-0.89-0.050.84
205915.5313.19-2.35
----
-0.93-0.050.87
206015.5213.19-2.33
----
-0.96-0.050.91
206115.5113.19-2.32
----
-1.00-0.060.95
206215.4913.19-2.30
----
-1.04-0.060.98
206315.4813.19-2.29
----
-1.08-0.061.02
206415.4713.19-2.28
----
-1.11-0.061.05
206515.4613.19-2.28
----
-1.15-0.071.09
206615.4613.19-2.27
----
-1.19-0.071.12
206715.4613.19-2.27
----
-1.23-0.071.16
206815.4613.19-2.27
----
-1.26-0.071.19
206915.4613.19-2.27
----
-1.30-0.071.23
207015.4713.19-2.28
----
-1.34-0.081.26
207115.4713.19-2.28
----
-1.38-0.081.30
207215.4813.19-2.29
----
-1.41-0.081.33
207315.4913.19-2.29
----
-1.45-0.081.37
207415.4913.19-2.30
----
-1.49-0.091.40
207515.5013.19-2.31
----
-1.53-0.091.44
207615.5113.20-2.31
----
-1.56-0.091.47
207715.5213.20-2.32
----
-1.60-0.091.51
207815.5213.20-2.33
----
-1.64-0.091.54
207915.5313.20-2.33
----
-1.67-0.101.58
208015.5413.20-2.34
----
-1.71-0.101.61
208115.5513.20-2.35
----
-1.75-0.101.65
208215.5513.20-2.35
----
-1.78-0.101.68
208315.5613.20-2.36
----
-1.82-0.101.72
208415.5713.20-2.37
----
-1.86-0.111.75
208515.5713.20-2.37
----
-1.89-0.111.78



 

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 15.42% 13.98% -1.44%
2038
-0.51% -0.03% 0.48%
 
1 Under present law, the year of exhaustion is 2037.

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Last reviewed or modified March 2, 2011