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Detailed Single Year Tables

Description of Proposed Provision:
B1.8: Progressive price indexing (50th percentile) of PIA factors for individuals newly eligible for OASI benefits in 2022 through 2061: Create a new bend point at the 50th percentile of the AIME distribution of newly retired workers. Maintain current-law benefits for earners at the 50th percentile and below. Reduce the 32 and 15 percent factors above the 50th 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.

 

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
-0.00-0.000.00
202314.5413.05-1.49
215
-0.00-0.000.00
202414.8213.08-1.74
199
-0.00-0.000.00
202515.0913.10-1.99
183
-0.01-0.000.01
202615.3613.13-2.22
166
-0.01-0.000.01
202715.5913.15-2.44
148
-0.02-0.000.02
202815.8213.17-2.65
131
-0.03-0.000.03
202916.0213.18-2.84
113
-0.05-0.000.05
203016.2013.19-3.01
95
-0.07-0.000.06
203116.3613.20-3.15
77
-0.09-0.000.09
203216.4913.21-3.28
58
-0.12-0.010.11
203316.6013.22-3.38
39
-0.14-0.010.14
203416.6713.22-3.45
20
-0.18-0.010.17
203516.7213.23-3.49
----
-0.21-0.010.20
203616.7413.23-3.51
----
-0.24-0.010.23
203716.7413.23-3.51
----
-0.28-0.020.27
203816.7013.23-3.47
----
-0.32-0.020.30
203916.6413.23-3.41
----
-0.36-0.020.34
204016.5613.22-3.33
----
-0.40-0.020.38
204116.4713.22-3.25
----
-0.45-0.030.42
204216.3713.22-3.15
----
-0.49-0.030.46
204316.2713.21-3.06
----
-0.54-0.030.51
204416.1713.21-2.97
----
-0.59-0.030.55
204516.0813.20-2.88
----
-0.63-0.040.60
204615.9913.20-2.80
----
-0.68-0.040.65
204715.9113.19-2.72
----
-0.74-0.040.70
204815.8313.19-2.64
----
-0.79-0.040.75
204915.7513.18-2.56
----
-0.84-0.050.80
205015.6713.18-2.49
----
-0.90-0.050.85
205115.6013.18-2.42
----
-0.95-0.050.90
205215.5513.18-2.37
----
-1.01-0.060.95
205315.5013.17-2.33
----
-1.07-0.061.01
205415.4613.17-2.29
----
-1.13-0.061.06
205515.4413.17-2.26
----
-1.18-0.071.12
205615.4113.17-2.24
----
-1.24-0.071.17
205715.3913.17-2.22
----
-1.30-0.071.23
205815.3813.17-2.21
----
-1.36-0.081.29
205915.3613.17-2.19
----
-1.42-0.081.34
206015.3513.17-2.18
----
-1.48-0.081.40
206115.3413.17-2.17
----
-1.54-0.091.45
206215.3313.17-2.16
----
-1.59-0.091.50
206315.3213.17-2.15
----
-1.65-0.091.56
206415.3113.17-2.14
----
-1.71-0.101.61
206515.3113.17-2.14
----
-1.76-0.101.66
206615.3013.17-2.14
----
-1.81-0.101.71
206715.3013.17-2.14
----
-1.86-0.111.76
206815.3113.17-2.14
----
-1.91-0.111.80
206915.3113.17-2.14
----
-1.96-0.111.85
207015.3213.17-2.15
----
-2.01-0.111.89
207115.3213.17-2.15
----
-2.05-0.121.93
207215.3213.17-2.15
----
-2.09-0.121.97
207315.3213.17-2.15
----
-2.13-0.122.00
207415.3213.17-2.15
----
-2.16-0.122.04
207515.3113.17-2.14
----
-2.19-0.132.07
207615.3013.17-2.13
----
-2.22-0.132.09
207715.2813.17-2.11
----
-2.24-0.132.11
207815.2613.17-2.09
----
-2.26-0.132.13
207915.2413.17-2.07
----
-2.28-0.132.15
208015.2113.17-2.05
----
-2.30-0.132.17
208115.1913.16-2.03
----
-2.31-0.132.18
208215.1813.16-2.02
----
-2.32-0.132.19
208315.1813.16-2.01
----
-2.34-0.132.20
208415.1813.16-2.01
----
-2.35-0.132.22
208515.1913.16-2.02
----
-2.36-0.142.23
208615.2113.16-2.04
----
-2.38-0.142.24
208715.2313.17-2.06
----
-2.39-0.142.25
208815.2613.17-2.09
----
-2.40-0.142.26
208915.2913.17-2.12
----
-2.41-0.142.27
209015.3213.17-2.15
----
-2.42-0.142.28
209115.3613.17-2.19
----
-2.43-0.142.29
209215.4013.18-2.22
----
-2.44-0.142.30



 

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 15.65% 13.78% -1.87%
2034
-1.01% -0.06% 0.96%
 
1 Under current law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified July 13, 2017