Skip to content
Social Security Online
Actuarial Publications
Solvency provisions SSA logo: link to Social Security Online home

Detailed Single Year Tables

Description of Proposed Provision:
B1.6 (2020): Progressive price indexing (30th percentile) of PIA factors beginning with individuals newly eligible for OASI benefits in 2021: Create a new bend point at the 30th percentile of the AIME distribution of newly retired workers. Maintain current-law benefits for earners at the 30th percentile and below. Reduce the 32 and 15 percent factors above the 30th percentile such that the initial benefit for a worker with AIME equal to the taxable maximum grows by inflation rather than the growth in the SSA average wage index. Disabled workers are: (a) not affected prior to normal retirement age; and (b) subject to a proportional reduction in benefits, based on the worker's years of disability, upon conversion to retired-worker beneficiary status. Young survivors (children of deceased workers and surviving spouses with a child in care) are not affected.

 

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
201713.4113.03-0.38
298
0.000.000.00
201813.4912.93-0.56
287
0.000.000.00
201913.7012.95-0.75
273
0.000.000.00
202013.8512.96-0.89
259
0.000.000.00
202114.0212.99-1.02
245
0.000.000.00
202214.2513.02-1.23
230
0.000.000.00
202314.5413.05-1.49
215
-0.010.000.01
202414.8113.08-1.73
199
-0.010.000.01
202515.0813.10-1.97
183
-0.020.000.02
202615.3313.13-2.20
166
-0.040.000.03
202715.5613.15-2.41
149
-0.050.000.05
202815.7713.16-2.61
132
-0.080.000.07
202915.9613.18-2.78
114
-0.11-0.010.10
203016.1313.19-2.94
97
-0.14-0.010.13
203116.2713.20-3.07
79
-0.18-0.010.17
203216.3913.21-3.18
61
-0.22-0.010.21
203316.4713.21-3.26
42
-0.27-0.010.25
203416.5313.22-3.32
23
-0.31-0.020.30
203516.5613.22-3.34
4
-0.37-0.020.34
203616.5713.22-3.35
----
-0.42-0.020.40
203716.5513.22-3.32
----
-0.48-0.030.45
203816.4913.22-3.27
----
-0.53-0.030.50
203916.4113.22-3.19
----
-0.59-0.030.56
204016.3113.21-3.10
----
-0.65-0.040.62
204116.2013.21-3.00
----
-0.71-0.040.67
204216.0813.20-2.88
----
-0.78-0.040.73
204315.9613.19-2.77
----
-0.84-0.050.79
204415.8513.19-2.66
----
-0.91-0.050.86
204515.7413.18-2.56
----
-0.98-0.060.92
204615.6313.18-2.45
----
-1.05-0.060.99
204715.5213.17-2.35
----
-1.12-0.061.06
204815.4213.17-2.25
----
-1.20-0.071.13
204915.3213.16-2.16
----
-1.27-0.071.20
205015.2213.16-2.06
----
-1.35-0.081.27
205115.1313.15-1.98
----
-1.42-0.081.34
205215.0513.15-1.91
----
-1.50-0.091.42
205314.9913.14-1.84
----
-1.58-0.091.49
205414.9313.14-1.78
----
-1.66-0.091.57
205514.8713.14-1.74
----
-1.74-0.101.65
205614.8313.14-1.69
----
-1.83-0.101.72
205714.7913.13-1.65
----
-1.91-0.111.80
205814.7513.13-1.62
----
-1.99-0.111.88
205914.7113.13-1.58
----
-2.07-0.121.95
206014.6813.13-1.55
----
-2.15-0.122.03
206114.6413.13-1.51
----
-2.23-0.132.10
206214.6113.13-1.48
----
-2.31-0.132.18
206314.5813.13-1.46
----
-2.39-0.142.25
206414.5513.12-1.43
----
-2.46-0.142.32
206514.5313.12-1.40
----
-2.54-0.142.39
206614.5013.12-1.38
----
-2.61-0.152.47
206714.4813.12-1.36
----
-2.69-0.152.54
206814.4613.12-1.34
----
-2.77-0.162.61
206914.4313.12-1.32
----
-2.84-0.162.68
207014.4113.12-1.29
----
-2.91-0.172.75
207114.3913.12-1.27
----
-2.99-0.172.82
207214.3513.12-1.24
----
-3.06-0.172.88
207314.3213.11-1.21
----
-3.13-0.182.95
207414.2813.11-1.17
----
-3.20-0.183.01
207514.2413.11-1.13
----
-3.26-0.193.08
207614.1913.11-1.09
----
-3.33-0.193.14
207714.1413.10-1.03
----
-3.39-0.193.19
207814.0813.10-0.98
----
-3.44-0.203.24
207914.0213.10-0.92
----
-3.50-0.203.30
208013.9613.09-0.87
----
-3.55-0.203.35
208113.9013.09-0.81
----
-3.60-0.213.39
208213.8513.09-0.76
----
-3.65-0.213.44
208313.8013.08-0.72
----
-3.71-0.213.50
208413.7613.08-0.68
----
-3.76-0.223.55
208513.7313.08-0.65
----
-3.82-0.223.60
208613.7013.08-0.62
----
-3.88-0.223.66
208713.6713.08-0.60
----
-3.94-0.233.72
208813.6513.08-0.57
----
-4.01-0.233.78
208913.6313.07-0.56
----
-4.07-0.233.84
209013.6113.07-0.54
----
-4.13-0.243.90
209113.6013.07-0.52
----
-4.20-0.243.96
209213.5813.07-0.51
----
-4.26-0.244.02



 

Summarized Estimates

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

Year of reserve
depletion
1

Cost
rate
Income
rate
Actuarial
balance
 
Based on Intermediate Assumptions of the 2017 Trustees Report.
2017-2091 15.11% 13.75% -1.36%
2035
-1.56% -0.09% 1.47%
 
1 Under current law, the year of Trust Fund reserve depletion is 2034.

 Link to USA.gov: U.S. Government portal Privacy Policy  | Website Policies & Other Important Information  | Site Map
Last reviewed or modified July 13, 2017