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Detailed Single Year Tables

Description of Proposed Provision:
B3.3: Beginning with those newly eligible for OASDI benefits in 2018, use a modified primary insurance amount (PIA) formula. The modified formula: (1) increases the first bend point to the equivalent of $800 in 2009 (about $952 in 2017); (2) places a new bend point 75 percent of the way between the reset first bend point and the current-law second bend point; (3) lowers the PIA factor between the new bend point and the upper bend point from 32 percent to 20 percent; and (4) lowers the factor above the upper bend point from 15 percent to 10 percent.

 

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
202114.0112.99-1.02
245
-0.010.000.01
202214.2413.02-1.22
230
-0.010.000.01
202314.5213.05-1.47
215
-0.030.000.02
202414.7913.08-1.71
200
-0.040.000.04
202515.0413.10-1.94
184
-0.060.000.05
202615.3013.13-2.17
167
-0.070.000.07
202715.5313.15-2.38
150
-0.09-0.010.09
202815.7413.16-2.58
133
-0.11-0.010.10
202915.9413.17-2.77
115
-0.13-0.010.12
203016.1213.19-2.94
98
-0.14-0.010.13
203116.2913.20-3.09
80
-0.16-0.010.15
203216.4313.21-3.22
62
-0.18-0.010.17
203316.5513.22-3.33
43
-0.19-0.010.18
203416.6413.22-3.42
24
-0.20-0.010.19
203516.7113.23-3.48
4
-0.22-0.010.20
203616.7613.23-3.53
----
-0.23-0.010.21
203716.7813.23-3.55
----
-0.24-0.010.22
203816.7813.23-3.54
----
-0.25-0.010.23
203916.7413.23-3.51
----
-0.25-0.010.24
204016.7013.23-3.47
----
-0.26-0.020.25
204116.6513.23-3.42
----
-0.27-0.020.25
204216.5913.23-3.36
----
-0.27-0.020.26
204316.5313.22-3.30
----
-0.28-0.020.26
204416.4813.22-3.25
----
-0.28-0.020.27
204516.4313.22-3.21
----
-0.29-0.020.27
204616.3913.22-3.17
----
-0.29-0.020.27
204716.3513.22-3.14
----
-0.29-0.020.28
204816.3213.22-3.11
----
-0.29-0.020.28
204916.2913.21-3.08
----
-0.30-0.020.28
205016.2713.21-3.06
----
-0.30-0.020.28
205116.2613.21-3.05
----
-0.30-0.020.28
205216.2613.21-3.05
----
-0.30-0.020.28
205316.2713.22-3.06
----
-0.30-0.020.28
205416.2913.22-3.08
----
-0.30-0.020.28
205516.3213.22-3.10
----
-0.30-0.020.28
205616.3613.22-3.14
----
-0.30-0.020.28
205716.4013.23-3.18
----
-0.30-0.020.28
205816.4413.23-3.22
----
-0.30-0.020.28
205916.4913.23-3.26
----
-0.30-0.020.28
206016.5313.24-3.30
----
-0.30-0.020.28
206116.5813.24-3.34
----
-0.30-0.020.28
206216.6213.24-3.38
----
-0.30-0.020.28
206316.6713.24-3.43
----
-0.30-0.020.28
206416.7213.25-3.47
----
-0.30-0.020.28
206516.7713.25-3.52
----
-0.30-0.020.28
206616.8213.25-3.56
----
-0.30-0.020.28
206716.8713.26-3.61
----
-0.30-0.020.28
206816.9213.26-3.66
----
-0.30-0.020.28
206916.9713.26-3.71
----
-0.30-0.020.28
207017.0213.27-3.76
----
-0.30-0.020.29
207117.0713.27-3.80
----
-0.30-0.020.29
207217.1113.27-3.84
----
-0.31-0.020.29
207317.1413.27-3.87
----
-0.31-0.020.29
207417.1713.28-3.90
----
-0.31-0.020.29
207517.2013.28-3.92
----
-0.31-0.020.29
207617.2113.28-3.93
----
-0.31-0.020.29
207717.2213.28-3.94
----
-0.31-0.020.29
207817.2213.28-3.93
----
-0.31-0.020.29
207917.2113.28-3.93
----
-0.31-0.020.29
208017.2013.28-3.92
----
-0.31-0.020.29
208117.2013.28-3.92
----
-0.31-0.020.29
208217.2013.28-3.92
----
-0.31-0.020.29
208317.2013.28-3.93
----
-0.31-0.020.29
208417.2213.28-3.94
----
-0.31-0.020.29
208517.2413.28-3.96
----
-0.31-0.020.29
208617.2713.28-3.99
----
-0.31-0.020.29
208717.3113.28-4.02
----
-0.31-0.020.29
208817.3513.29-4.06
----
-0.31-0.020.29
208917.3913.29-4.10
----
-0.31-0.020.29
209017.4413.29-4.14
----
-0.31-0.020.29
209117.4813.30-4.19
----
-0.31-0.020.29
209217.5313.30-4.23
----
-0.31-0.020.30



 

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 16.43% 13.82% -2.61%
2035
-0.23% -0.01% 0.22%
 
1 Under current law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified July 13, 2017