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Detailed Single Year Tables

Description of Proposed Provision:
B1.7: Progressive price indexing (40th percentile) of PIA factors for individuals newly eligible for OASI benefits in 2025 through 2062: Create a new bend point at the 40th percentile of the AIME distribution of newly retired workers. Maintain current-law benefits for earners at the 40th percentile and below. Reduce the 32 and 15 percent factors above the 40th 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
202114.0212.99-1.03
245
0.000.000.00
202214.2613.02-1.23
230
0.000.000.00
202314.5413.05-1.50
215
0.000.000.00
202414.8313.08-1.74
199
0.000.000.00
202515.1013.10-2.00
182
0.000.000.00
202615.3713.14-2.23
165
0.000.000.00
202715.6113.15-2.46
148
0.000.000.00
202815.8513.17-2.68
130
-0.010.000.01
202916.0513.18-2.87
112
-0.010.000.01
203016.2513.19-3.05
94
-0.020.000.02
203116.4213.21-3.21
76
-0.030.000.03
203216.5613.22-3.35
57
-0.040.000.04
203316.6813.22-3.45
38
-0.060.000.06
203416.7613.23-3.53
18
-0.080.000.08
203516.8213.23-3.58
----
-0.11-0.010.10
203616.8513.24-3.61
----
-0.14-0.010.13
203716.8513.24-3.61
----
-0.17-0.010.16
203816.8213.24-3.58
----
-0.21-0.010.19
203916.7513.24-3.52
----
-0.24-0.010.23
204016.6813.23-3.45
----
-0.28-0.020.27
204116.5913.23-3.36
----
-0.33-0.020.31
204216.4913.22-3.27
----
-0.37-0.020.35
204316.3913.22-3.17
----
-0.42-0.020.39
204416.2913.21-3.08
----
-0.47-0.030.44
204516.2013.21-2.99
----
-0.52-0.030.49
204616.1113.20-2.90
----
-0.57-0.030.54
204716.0213.20-2.82
----
-0.63-0.040.59
204815.9313.19-2.73
----
-0.69-0.040.65
204915.8413.19-2.65
----
-0.75-0.040.71
205015.7613.19-2.57
----
-0.81-0.050.76
205115.6813.18-2.50
----
-0.87-0.050.82
205215.6213.18-2.44
----
-0.94-0.050.89
205315.5613.18-2.39
----
-1.01-0.060.95
205415.5213.17-2.34
----
-1.07-0.061.01
205515.4813.17-2.30
----
-1.14-0.061.08
205615.4413.17-2.27
----
-1.21-0.071.15
205715.4113.17-2.24
----
-1.29-0.071.21
205815.3813.17-2.21
----
-1.36-0.081.28
205915.3513.17-2.19
----
-1.43-0.081.35
206015.3313.17-2.16
----
-1.50-0.091.42
206115.3013.17-2.14
----
-1.57-0.091.48
206215.2813.17-2.12
----
-1.64-0.091.55
206315.2613.16-2.10
----
-1.71-0.101.61
206415.2413.16-2.08
----
-1.78-0.101.68
206515.2213.16-2.06
----
-1.84-0.111.74
206615.2113.16-2.05
----
-1.91-0.111.80
206715.1913.16-2.03
----
-1.97-0.111.86
206815.1813.16-2.02
----
-2.04-0.121.92
206915.1813.16-2.02
----
-2.10-0.121.98
207015.1713.16-2.01
----
-2.16-0.122.03
207115.1613.16-2.00
----
-2.21-0.132.08
207215.1513.16-1.99
----
-2.26-0.132.13
207315.1413.16-1.98
----
-2.31-0.132.18
207415.1313.16-1.97
----
-2.35-0.132.22
207515.1113.16-1.95
----
-2.39-0.142.26
207615.0913.16-1.93
----
-2.43-0.142.29
207715.0613.16-1.91
----
-2.46-0.142.32
207815.0313.16-1.88
----
-2.49-0.142.35
207915.0013.15-1.85
----
-2.51-0.142.37
208014.9813.15-1.82
----
-2.54-0.152.39
208114.9513.15-1.80
----
-2.55-0.152.41
208214.9313.15-1.78
----
-2.57-0.152.43
208314.9213.15-1.77
----
-2.59-0.152.44
208414.9213.15-1.77
----
-2.61-0.152.46
208514.9213.15-1.78
----
-2.63-0.152.48
208614.9413.15-1.79
----
-2.64-0.152.49
208714.9613.15-1.81
----
-2.66-0.152.51
208814.9813.15-1.83
----
-2.68-0.152.52
208915.0113.15-1.86
----
-2.69-0.152.54
209015.0413.16-1.89
----
-2.71-0.162.55
209115.0813.16-1.92
----
-2.72-0.162.56
209215.1113.16-1.95
----
-2.73-0.162.58



 

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 15.63% 13.78% -1.85%
2034
-1.04% -0.06% 0.98%
 
1 Under current law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified July 13, 2017