Detailed Single Year Tables
Description of Proposed Provision:
B3.16: For retired worker and disabled worker beneficiaries becoming initially eligible in January 2032 or later, phase in a new benefit formula (from 2032 to 2041). Replace the existing two primary insurance amount (PIA) bend points with three new bend points as follows: (1) 25% AWI/12 from 2 years prior to initial eligibility; (2) 100% AWI/12 from 2 years prior to initial eligibility; and (3) 125% AWI/12 from 2 years prior to initial eligibility. The new PIA factors are 95%, 27.5%, 5% and 2%. During the phase in, those becoming newly eligible for benefits will receive an increasing portion of their benefits based on the new formula, reaching 100% of the new formula in 2041.
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 |
|||
| 2025 | 15.15 | 12.80 | -2.35 | 169 | 0.00 | 0.00 | 0.00 | ||
| 2026 | 15.29 | 13.03 | -2.25 | 149 | 0.00 | 0.00 | 0.00 | ||
| 2027 | 15.48 | 13.08 | -2.39 | 131 | 0.00 | 0.00 | 0.00 | ||
| 2028 | 15.59 | 13.11 | -2.48 | 113 | 0.00 | 0.00 | 0.00 | ||
| 2029 | 15.69 | 13.14 | -2.55 | 95 | 0.00 | 0.00 | 0.00 | ||
| 2030 | 15.80 | 13.16 | -2.64 | 78 | 0.00 | 0.00 | 0.00 | ||
| 2031 | 15.91 | 13.18 | -2.73 | 60 | 0.00 | 0.00 | 0.00 | ||
| 2032 | 16.00 | 13.20 | -2.80 | 43 | -0.00 | -0.00 | 0.00 | ||
| 2033 | 16.07 | 13.24 | -2.83 | 26 | -0.00 | -0.00 | 0.00 | ||
| 2034 | 16.14 | 13.26 | -2.88 | 9 | -0.00 | -0.00 | 0.00 | ||
| 2035 | 16.22 | 13.28 | -2.95 | — | -0.01 | -0.00 | 0.01 | ||
| 2036 | 16.31 | 13.28 | -3.03 | — | -0.01 | -0.00 | 0.01 | ||
| 2037 | 16.39 | 13.29 | -3.10 | — | -0.02 | -0.00 | 0.02 | ||
| 2038 | 16.45 | 13.30 | -3.15 | — | -0.04 | -0.00 | 0.04 | ||
| 2039 | 16.49 | 13.31 | -3.19 | — | -0.06 | -0.00 | 0.06 | ||
| 2040 | 16.52 | 13.31 | -3.21 | — | -0.09 | -0.00 | 0.08 | ||
| 2041 | 16.52 | 13.31 | -3.21 | — | -0.12 | -0.01 | 0.12 | ||
| 2042 | 16.51 | 13.31 | -3.19 | — | -0.17 | -0.01 | 0.16 | ||
| 2043 | 16.49 | 13.31 | -3.17 | — | -0.22 | -0.01 | 0.21 | ||
| 2044 | 16.46 | 13.32 | -3.15 | — | -0.28 | -0.02 | 0.26 | ||
| 2045 | 16.43 | 13.31 | -3.12 | — | -0.34 | -0.02 | 0.32 | ||
| 2046 | 16.39 | 13.31 | -3.08 | — | -0.41 | -0.03 | 0.39 | ||
| 2047 | 16.35 | 13.31 | -3.04 | — | -0.49 | -0.03 | 0.46 | ||
| 2048 | 16.31 | 13.31 | -3.00 | — | -0.57 | -0.03 | 0.53 | ||
| 2049 | 16.28 | 13.31 | -2.97 | — | -0.64 | -0.04 | 0.60 | ||
| 2050 | 16.25 | 13.31 | -2.94 | — | -0.72 | -0.04 | 0.68 | ||
| 2051 | 16.22 | 13.31 | -2.91 | — | -0.80 | -0.05 | 0.75 | ||
| 2052 | 16.20 | 13.31 | -2.89 | — | -0.88 | -0.05 | 0.82 | ||
| 2053 | 16.20 | 13.31 | -2.88 | — | -0.95 | -0.06 | 0.89 | ||
| 2054 | 16.19 | 13.31 | -2.88 | — | -1.02 | -0.06 | 0.96 | ||
| 2055 | 16.20 | 13.32 | -2.88 | — | -1.10 | -0.07 | 1.03 | ||
| 2056 | 16.22 | 13.32 | -2.90 | — | -1.17 | -0.07 | 1.10 | ||
| 2057 | 16.24 | 13.32 | -2.92 | — | -1.24 | -0.08 | 1.16 | ||
| 2058 | 16.27 | 13.33 | -2.94 | — | -1.30 | -0.08 | 1.22 | ||
| 2059 | 16.29 | 13.33 | -2.97 | — | -1.37 | -0.09 | 1.28 | ||
| 2060 | 16.32 | 13.33 | -2.99 | — | -1.42 | -0.09 | 1.33 | ||
| 2061 | 16.34 | 13.34 | -3.01 | — | -1.48 | -0.09 | 1.38 | ||
| 2062 | 16.37 | 13.34 | -3.03 | — | -1.53 | -0.10 | 1.43 | ||
| 2063 | 16.39 | 13.34 | -3.05 | — | -1.57 | -0.10 | 1.47 | ||
| 2064 | 16.42 | 13.35 | -3.07 | — | -1.61 | -0.10 | 1.51 | ||
| 2065 | 16.45 | 13.35 | -3.10 | — | -1.65 | -0.11 | 1.54 | ||
| 2066 | 16.49 | 13.35 | -3.14 | — | -1.68 | -0.11 | 1.57 | ||
| 2067 | 16.53 | 13.36 | -3.17 | — | -1.71 | -0.11 | 1.60 | ||
| 2068 | 16.57 | 13.36 | -3.21 | — | -1.74 | -0.11 | 1.63 | ||
| 2069 | 16.62 | 13.36 | -3.25 | — | -1.76 | -0.11 | 1.65 | ||
| 2070 | 16.67 | 13.37 | -3.30 | — | -1.78 | -0.11 | 1.67 | ||
| 2071 | 16.72 | 13.37 | -3.35 | — | -1.80 | -0.12 | 1.69 | ||
| 2072 | 16.78 | 13.38 | -3.40 | — | -1.82 | -0.12 | 1.70 | ||
| 2073 | 16.83 | 13.38 | -3.45 | — | -1.84 | -0.12 | 1.72 | ||
| 2074 | 16.89 | 13.39 | -3.50 | — | -1.85 | -0.12 | 1.73 | ||
| 2075 | 16.94 | 13.39 | -3.55 | — | -1.86 | -0.12 | 1.74 | ||
| 2076 | 16.98 | 13.40 | -3.58 | — | -1.87 | -0.12 | 1.75 | ||
| 2077 | 17.01 | 13.40 | -3.61 | — | -1.88 | -0.12 | 1.76 | ||
| 2078 | 17.04 | 13.40 | -3.64 | — | -1.89 | -0.12 | 1.77 | ||
| 2079 | 17.05 | 13.40 | -3.65 | — | -1.89 | -0.12 | 1.77 | ||
| 2080 | 17.06 | 13.41 | -3.65 | — | -1.90 | -0.12 | 1.77 | ||
| 2081 | 17.06 | 13.41 | -3.65 | — | -1.90 | -0.12 | 1.78 | ||
| 2082 | 17.05 | 13.41 | -3.64 | — | -1.90 | -0.12 | 1.78 | ||
| 2083 | 17.03 | 13.41 | -3.63 | — | -1.90 | -0.12 | 1.78 | ||
| 2084 | 17.01 | 13.41 | -3.60 | — | -1.90 | -0.12 | 1.78 | ||
| 2085 | 16.97 | 13.40 | -3.57 | — | -1.90 | -0.12 | 1.77 | ||
| 2086 | 16.93 | 13.40 | -3.53 | — | -1.89 | -0.12 | 1.77 | ||
| 2087 | 16.88 | 13.40 | -3.48 | — | -1.89 | -0.12 | 1.76 | ||
| 2088 | 16.82 | 13.39 | -3.43 | — | -1.88 | -0.12 | 1.76 | ||
| 2089 | 16.77 | 13.39 | -3.38 | — | -1.87 | -0.12 | 1.75 | ||
| 2090 | 16.71 | 13.39 | -3.32 | — | -1.87 | -0.12 | 1.75 | ||
| 2091 | 16.66 | 13.38 | -3.27 | — | -1.86 | -0.12 | 1.74 | ||
| 2092 | 16.61 | 13.38 | -3.23 | — | -1.86 | -0.12 | 1.74 | ||
| 2093 | 16.57 | 13.38 | -3.19 | — | -1.85 | -0.12 | 1.73 | ||
| 2094 | 16.54 | 13.38 | -3.16 | — | -1.85 | -0.12 | 1.73 | ||
| 2095 | 16.51 | 13.38 | -3.14 | — | -1.85 | -0.12 | 1.73 | ||
| 2096 | 16.50 | 13.37 | -3.12 | — | -1.84 | -0.12 | 1.72 | ||
| 2097 | 16.49 | 13.37 | -3.11 | — | -1.84 | -0.12 | 1.72 | ||
| 2098 | 16.49 | 13.37 | -3.11 | — | -1.84 | -0.12 | 1.72 | ||
| 2099 | 16.49 | 13.37 | -3.12 | — | -1.85 | -0.12 | 1.72 | ||
| 2100 | 16.51 | 13.38 | -3.13 | — | -1.85 | -0.12 | 1.73 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2025-2099 | 16.57% | 13.72% | -2.85% | 2034 | -1.04% | -0.07% | 0.97% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2034. |
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Based on Intermediate Assumptions of the 2025 Trustees Report.