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Detailed Single Year Tables

Description of Proposed Provision:
B3.8: Beginning with those newly eligible for OASDI benefits in 2024, create a new bend point at the 50th percentile of the AIME distribution of newly retired workers and gradually reduce all PIA factors except for the 90 percent factor. By 2057: a) the 32 percent PIA factor below the new bend point reduces to 30 percent; b) the 32 percent PIA factor above the new bend point reduces to 10 percent; and c) the 15 percent PIA factor reduces to 5 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
202114.0212.99-1.03
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
202515.1013.10-1.99
182
0.000.000.00
202615.3713.13-2.23
165
0.000.000.00
202715.6113.15-2.46
148
-0.010.000.01
202815.8413.17-2.67
130
-0.010.000.01
202916.0413.18-2.86
113
-0.020.000.02
203016.2313.19-3.04
94
-0.030.000.03
203116.4013.21-3.20
76
-0.050.000.04
203216.5413.22-3.33
57
-0.060.000.06
203316.6613.22-3.43
38
-0.080.000.08
203416.7413.23-3.51
18
-0.11-0.010.10
203516.7913.23-3.56
----
-0.13-0.010.13
203616.8313.24-3.59
----
-0.16-0.010.15
203716.8313.24-3.59
----
-0.19-0.010.18
203816.7913.24-3.56
----
-0.23-0.010.22
203916.7313.24-3.50
----
-0.26-0.010.25
204016.6613.23-3.43
----
-0.30-0.020.29
204116.5713.23-3.34
----
-0.34-0.020.32
204216.4813.22-3.25
----
-0.38-0.020.36
204316.3813.22-3.16
----
-0.43-0.020.41
204416.2813.21-3.07
----
-0.48-0.020.45
204516.1913.21-2.98
----
-0.52-0.030.50
204616.1013.21-2.90
----
-0.58-0.030.55
204716.0213.20-2.82
----
-0.63-0.030.60
204815.9313.20-2.73
----
-0.68-0.040.65
204915.8513.19-2.65
----
-0.74-0.040.70
205015.7713.19-2.58
----
-0.80-0.040.76
205115.7013.19-2.51
----
-0.86-0.050.81
205215.6313.18-2.45
----
-0.92-0.050.87
205315.5813.18-2.40
----
-0.99-0.050.93
205415.5413.18-2.36
----
-1.05-0.061.00
205515.5013.18-2.32
----
-1.12-0.061.06
205615.4713.18-2.29
----
-1.19-0.061.12
205715.4413.18-2.26
----
-1.26-0.071.19
205815.4113.18-2.24
----
-1.33-0.071.26
205915.3913.17-2.21
----
-1.40-0.071.32
206015.3613.17-2.19
----
-1.47-0.081.39
206115.3413.17-2.17
----
-1.53-0.081.45
206215.3213.17-2.15
----
-1.60-0.091.51
206315.3113.17-2.14
----
-1.66-0.091.57
206415.2913.17-2.12
----
-1.72-0.091.63
206515.2913.17-2.11
----
-1.78-0.101.68
206615.2813.17-2.11
----
-1.84-0.101.74
206715.2813.17-2.11
----
-1.89-0.101.79
206815.2813.17-2.11
----
-1.94-0.111.84
206915.2913.17-2.11
----
-1.99-0.111.88
207015.2913.17-2.12
----
-2.03-0.111.92
207115.3013.17-2.12
----
-2.08-0.111.96
207215.3013.17-2.12
----
-2.11-0.122.00
207315.3013.18-2.12
----
-2.15-0.122.03
207415.3013.18-2.12
----
-2.18-0.122.06
207515.2913.18-2.12
----
-2.21-0.122.09
207615.2813.18-2.11
----
-2.24-0.122.12
207715.2613.17-2.09
----
-2.26-0.122.14
207815.2413.17-2.07
----
-2.28-0.132.16
207915.2213.17-2.05
----
-2.30-0.132.17
208015.2013.17-2.03
----
-2.31-0.132.19
208115.1813.17-2.01
----
-2.33-0.132.20
208215.1713.17-2.00
----
-2.34-0.132.21
208315.1613.17-1.99
----
-2.35-0.132.22
208415.1713.17-2.00
----
-2.36-0.132.23
208515.1813.17-2.01
----
-2.37-0.132.24
208615.2013.17-2.03
----
-2.38-0.132.25
208715.2213.17-2.05
----
-2.39-0.132.26
208815.2513.17-2.08
----
-2.40-0.132.27
208915.2913.18-2.11
----
-2.41-0.132.28
209015.3213.18-2.15
----
-2.42-0.132.29
209115.3613.18-2.18
----
-2.43-0.132.30
209215.4013.18-2.22
----
-2.44-0.132.31



 

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 15.69% 13.79% -1.90%
2034
-0.98% -0.05% 0.93%
 
1 Under current law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified July 13, 2017