Detailed Single Year Tables
Description of Proposed Provision:
C1.3: Starting for those age 62 in 2027, index the normal retirement age (NRA) to maintain a constant ratio of expected retirement years (life expectancy at NRA) to potential work years (NRA minus 20). We assume the NRA will increase 1 month every 2 years.
Financial Estimates for the OASDI Trust Fund Program
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
|
Expressed as a percentage of current-law taxable payroll |
Trust fund ratio as of January 1 |
Expressed as a percentage of current-law taxable payroll |
|||||||
|
Calendar year |
Cost rate |
Income rate |
Annual balance |
Cost rate |
Income rate |
Annual balance |
|||
| 2026 | 15.37 | 12.91 | -2.45 | 151 | 0.00 | 0.00 | 0.00 | ||
| 2027 | 15.61 | 12.85 | -2.76 | 131 | -0.00 | -0.00 | 0.00 | ||
| 2028 | 15.69 | 13.01 | -2.68 | 111 | -0.01 | -0.00 | 0.01 | ||
| 2029 | 15.73 | 13.06 | -2.66 | 92 | -0.01 | -0.00 | 0.01 | ||
| 2030 | 15.72 | 13.07 | -2.65 | 74 | -0.02 | -0.00 | 0.02 | ||
| 2031 | 15.70 | 13.09 | -2.61 | 57 | -0.02 | -0.00 | 0.02 | ||
| 2032 | 15.69 | 13.09 | -2.60 | 40 | -0.03 | -0.00 | 0.03 | ||
| 2033 | 15.68 | 13.13 | -2.55 | 24 | -0.03 | -0.00 | 0.03 | ||
| 2034 | 15.70 | 13.14 | -2.56 | 8 | -0.04 | -0.00 | 0.04 | ||
| 2035 | 15.72 | 13.16 | -2.56 | — | -0.05 | -0.00 | 0.05 | ||
| 2036 | 15.80 | 13.17 | -2.62 | — | -0.06 | -0.00 | 0.06 | ||
| 2037 | 15.88 | 13.18 | -2.71 | — | -0.07 | -0.00 | 0.07 | ||
| 2038 | 15.96 | 13.18 | -2.77 | — | -0.09 | -0.00 | 0.08 | ||
| 2039 | 16.02 | 13.19 | -2.83 | — | -0.11 | -0.00 | 0.10 | ||
| 2040 | 16.08 | 13.19 | -2.88 | — | -0.13 | -0.00 | 0.12 | ||
| 2041 | 16.13 | 13.20 | -2.93 | — | -0.14 | -0.00 | 0.14 | ||
| 2042 | 16.18 | 13.20 | -2.98 | — | -0.16 | -0.01 | 0.16 | ||
| 2043 | 16.23 | 13.21 | -3.02 | — | -0.18 | -0.01 | 0.18 | ||
| 2044 | 16.29 | 13.21 | -3.07 | — | -0.21 | -0.01 | 0.20 | ||
| 2045 | 16.34 | 13.22 | -3.13 | — | -0.23 | -0.01 | 0.22 | ||
| 2046 | 16.38 | 13.22 | -3.16 | — | -0.26 | -0.01 | 0.25 | ||
| 2047 | 16.42 | 13.22 | -3.19 | — | -0.29 | -0.01 | 0.28 | ||
| 2048 | 16.46 | 13.23 | -3.23 | — | -0.31 | -0.01 | 0.30 | ||
| 2049 | 16.51 | 13.23 | -3.28 | — | -0.34 | -0.01 | 0.33 | ||
| 2050 | 16.56 | 13.23 | -3.33 | — | -0.37 | -0.01 | 0.36 | ||
| 2051 | 16.62 | 13.24 | -3.38 | — | -0.40 | -0.01 | 0.38 | ||
| 2052 | 16.70 | 13.24 | -3.46 | — | -0.43 | -0.02 | 0.41 | ||
| 2053 | 16.78 | 13.25 | -3.53 | — | -0.46 | -0.02 | 0.44 | ||
| 2054 | 16.86 | 13.25 | -3.61 | — | -0.49 | -0.02 | 0.47 | ||
| 2055 | 16.95 | 13.26 | -3.69 | — | -0.52 | -0.02 | 0.50 | ||
| 2056 | 17.05 | 13.27 | -3.78 | — | -0.56 | -0.02 | 0.54 | ||
| 2057 | 17.14 | 13.27 | -3.87 | — | -0.60 | -0.02 | 0.57 | ||
| 2058 | 17.24 | 13.28 | -3.96 | — | -0.64 | -0.03 | 0.61 | ||
| 2059 | 17.34 | 13.29 | -4.06 | — | -0.67 | -0.03 | 0.64 | ||
| 2060 | 17.44 | 13.29 | -4.15 | — | -0.71 | -0.03 | 0.68 | ||
| 2061 | 17.53 | 13.30 | -4.23 | — | -0.74 | -0.03 | 0.71 | ||
| 2062 | 17.62 | 13.31 | -4.31 | — | -0.77 | -0.03 | 0.74 | ||
| 2063 | 17.71 | 13.31 | -4.39 | — | -0.81 | -0.03 | 0.77 | ||
| 2064 | 17.78 | 13.32 | -4.47 | — | -0.84 | -0.04 | 0.81 | ||
| 2065 | 17.86 | 13.32 | -4.54 | — | -0.88 | -0.04 | 0.84 | ||
| 2066 | 17.94 | 13.33 | -4.61 | — | -0.91 | -0.04 | 0.87 | ||
| 2067 | 18.02 | 13.34 | -4.69 | — | -0.95 | -0.04 | 0.91 | ||
| 2068 | 18.10 | 13.34 | -4.76 | — | -0.99 | -0.04 | 0.94 | ||
| 2069 | 18.18 | 13.35 | -4.83 | — | -1.03 | -0.04 | 0.98 | ||
| 2070 | 18.26 | 13.35 | -4.91 | — | -1.07 | -0.05 | 1.02 | ||
| 2071 | 18.33 | 13.36 | -4.97 | — | -1.11 | -0.05 | 1.07 | ||
| 2072 | 18.40 | 13.36 | -5.04 | — | -1.16 | -0.05 | 1.11 | ||
| 2073 | 18.48 | 13.37 | -5.11 | — | -1.20 | -0.05 | 1.14 | ||
| 2074 | 18.56 | 13.37 | -5.19 | — | -1.23 | -0.05 | 1.18 | ||
| 2075 | 18.63 | 13.38 | -5.25 | — | -1.27 | -0.06 | 1.21 | ||
| 2076 | 18.70 | 13.38 | -5.31 | — | -1.30 | -0.06 | 1.24 | ||
| 2077 | 18.76 | 13.39 | -5.37 | — | -1.33 | -0.06 | 1.27 | ||
| 2078 | 18.81 | 13.39 | -5.41 | — | -1.36 | -0.06 | 1.30 | ||
| 2079 | 18.84 | 13.40 | -5.44 | — | -1.39 | -0.06 | 1.33 | ||
| 2080 | 18.86 | 13.40 | -5.47 | — | -1.42 | -0.06 | 1.36 | ||
| 2081 | 18.88 | 13.40 | -5.48 | — | -1.46 | -0.07 | 1.40 | ||
| 2082 | 18.89 | 13.40 | -5.48 | — | -1.50 | -0.07 | 1.43 | ||
| 2083 | 18.89 | 13.40 | -5.48 | — | -1.53 | -0.07 | 1.46 | ||
| 2084 | 18.88 | 13.40 | -5.48 | — | -1.56 | -0.07 | 1.49 | ||
| 2085 | 18.86 | 13.40 | -5.46 | — | -1.59 | -0.07 | 1.52 | ||
| 2086 | 18.83 | 13.40 | -5.43 | — | -1.62 | -0.07 | 1.54 | ||
| 2087 | 18.79 | 13.40 | -5.40 | — | -1.64 | -0.08 | 1.57 | ||
| 2088 | 18.75 | 13.40 | -5.35 | — | -1.67 | -0.08 | 1.59 | ||
| 2089 | 18.69 | 13.39 | -5.30 | — | -1.69 | -0.08 | 1.61 | ||
| 2090 | 18.63 | 13.39 | -5.24 | — | -1.72 | -0.08 | 1.64 | ||
| 2091 | 18.58 | 13.39 | -5.19 | — | -1.73 | -0.08 | 1.65 | ||
| 2092 | 18.52 | 13.38 | -5.13 | — | -1.75 | -0.08 | 1.67 | ||
| 2093 | 18.45 | 13.38 | -5.07 | — | -1.78 | -0.08 | 1.70 | ||
| 2094 | 18.38 | 13.38 | -5.00 | — | -1.81 | -0.08 | 1.73 | ||
| 2095 | 18.30 | 13.37 | -4.93 | — | -1.85 | -0.09 | 1.76 | ||
| 2096 | 18.22 | 13.37 | -4.85 | — | -1.90 | -0.09 | 1.81 | ||
| 2097 | 18.15 | 13.37 | -4.78 | — | -1.94 | -0.09 | 1.85 | ||
| 2098 | 18.09 | 13.36 | -4.72 | — | -1.97 | -0.09 | 1.88 | ||
| 2099 | 18.04 | 13.36 | -4.68 | — | -2.00 | -0.09 | 1.90 | ||
| 2100 | 18.01 | 13.36 | -4.65 | — | -2.01 | -0.09 | 1.92 | ||
| 2101 | 18.00 | 13.36 | -4.64 | — | -2.02 | -0.09 | 1.93 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2026-2100 | 17.35% | 13.65% | -3.71% | 2034 | -0.75% | -0.03% | 0.72% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2034. |
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Based on Intermediate Assumptions of the 2026 Trustees Report.