Detailed Single Year Tables
Description of Proposed Provision:
B3.16: For retired worker and disabled worker beneficiaries becoming initially eligible in January 2033 or later, phase in a new benefit formula (from 2033 to 2042). Replace the existing two primary insurance amount (PIA) bend points with three new bend points as follows: (1) 25% AWI/12 from 2 years prior to initial eligibility; (2) 100% AWI/12 from 2 years prior to initial eligibility; and (3) 125% AWI/12 from 2 years prior to initial eligibility. The new PIA factors are 95%, 27.5%, 5% and 2%. During the phase in, those becoming newly eligible for benefits will receive an increasing portion of their benefits based on the new formula, reaching 100% of the new formula in 2042.
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 |
|||
| 2026 | 15.37 | 12.91 | -2.45 | 151 | 0.00 | 0.00 | 0.00 | ||
| 2027 | 15.62 | 12.85 | -2.77 | 131 | 0.00 | 0.00 | 0.00 | ||
| 2028 | 15.70 | 13.01 | -2.69 | 111 | 0.00 | 0.00 | 0.00 | ||
| 2029 | 15.74 | 13.06 | -2.68 | 92 | 0.00 | 0.00 | 0.00 | ||
| 2030 | 15.74 | 13.07 | -2.67 | 74 | 0.00 | 0.00 | 0.00 | ||
| 2031 | 15.72 | 13.09 | -2.64 | 57 | 0.00 | 0.00 | 0.00 | ||
| 2032 | 15.72 | 13.09 | -2.63 | 40 | 0.00 | 0.00 | 0.00 | ||
| 2033 | 15.72 | 13.13 | -2.59 | 23 | -0.00 | -0.00 | 0.00 | ||
| 2034 | 15.74 | 13.14 | -2.60 | 7 | -0.00 | -0.00 | 0.00 | ||
| 2035 | 15.77 | 13.16 | -2.60 | — | -0.00 | -0.00 | 0.00 | ||
| 2036 | 15.85 | 13.17 | -2.68 | — | -0.01 | -0.00 | 0.01 | ||
| 2037 | 15.94 | 13.18 | -2.76 | — | -0.01 | -0.00 | 0.01 | ||
| 2038 | 16.02 | 13.19 | -2.84 | — | -0.02 | -0.00 | 0.02 | ||
| 2039 | 16.09 | 13.19 | -2.90 | — | -0.04 | -0.00 | 0.04 | ||
| 2040 | 16.14 | 13.20 | -2.95 | — | -0.06 | -0.00 | 0.06 | ||
| 2041 | 16.19 | 13.20 | -2.99 | — | -0.09 | -0.00 | 0.08 | ||
| 2042 | 16.22 | 13.20 | -3.01 | — | -0.13 | -0.01 | 0.12 | ||
| 2043 | 16.24 | 13.20 | -3.04 | — | -0.17 | -0.01 | 0.16 | ||
| 2044 | 16.27 | 13.21 | -3.06 | — | -0.23 | -0.01 | 0.21 | ||
| 2045 | 16.29 | 13.21 | -3.08 | — | -0.29 | -0.02 | 0.27 | ||
| 2046 | 16.28 | 13.21 | -3.08 | — | -0.35 | -0.02 | 0.33 | ||
| 2047 | 16.28 | 13.21 | -3.07 | — | -0.43 | -0.02 | 0.40 | ||
| 2048 | 16.27 | 13.21 | -3.06 | — | -0.50 | -0.03 | 0.47 | ||
| 2049 | 16.27 | 13.21 | -3.06 | — | -0.58 | -0.03 | 0.55 | ||
| 2050 | 16.27 | 13.21 | -3.06 | — | -0.66 | -0.04 | 0.63 | ||
| 2051 | 16.28 | 13.21 | -3.06 | — | -0.74 | -0.04 | 0.70 | ||
| 2052 | 16.30 | 13.21 | -3.09 | — | -0.82 | -0.05 | 0.78 | ||
| 2053 | 16.33 | 13.22 | -3.12 | — | -0.90 | -0.05 | 0.85 | ||
| 2054 | 16.37 | 13.22 | -3.15 | — | -0.98 | -0.05 | 0.93 | ||
| 2055 | 16.42 | 13.22 | -3.20 | — | -1.06 | -0.06 | 1.00 | ||
| 2056 | 16.47 | 13.23 | -3.25 | — | -1.14 | -0.06 | 1.07 | ||
| 2057 | 16.53 | 13.23 | -3.30 | — | -1.21 | -0.07 | 1.14 | ||
| 2058 | 16.60 | 13.24 | -3.36 | — | -1.28 | -0.07 | 1.21 | ||
| 2059 | 16.66 | 13.24 | -3.42 | — | -1.35 | -0.08 | 1.28 | ||
| 2060 | 16.73 | 13.25 | -3.48 | — | -1.42 | -0.08 | 1.34 | ||
| 2061 | 16.79 | 13.25 | -3.54 | — | -1.48 | -0.08 | 1.40 | ||
| 2062 | 16.86 | 13.25 | -3.60 | — | -1.54 | -0.09 | 1.45 | ||
| 2063 | 16.92 | 13.26 | -3.66 | — | -1.59 | -0.09 | 1.51 | ||
| 2064 | 16.99 | 13.26 | -3.72 | — | -1.64 | -0.09 | 1.55 | ||
| 2065 | 17.05 | 13.27 | -3.79 | — | -1.69 | -0.09 | 1.60 | ||
| 2066 | 17.12 | 13.27 | -3.85 | — | -1.73 | -0.10 | 1.64 | ||
| 2067 | 17.20 | 13.28 | -3.92 | — | -1.77 | -0.10 | 1.67 | ||
| 2068 | 17.28 | 13.28 | -4.00 | — | -1.81 | -0.10 | 1.71 | ||
| 2069 | 17.36 | 13.29 | -4.07 | — | -1.84 | -0.10 | 1.74 | ||
| 2070 | 17.45 | 13.29 | -4.16 | — | -1.87 | -0.10 | 1.77 | ||
| 2071 | 17.54 | 13.30 | -4.24 | — | -1.90 | -0.11 | 1.79 | ||
| 2072 | 17.64 | 13.31 | -4.33 | — | -1.93 | -0.11 | 1.82 | ||
| 2073 | 17.73 | 13.31 | -4.42 | — | -1.95 | -0.11 | 1.84 | ||
| 2074 | 17.82 | 13.32 | -4.51 | — | -1.97 | -0.11 | 1.86 | ||
| 2075 | 17.91 | 13.32 | -4.59 | — | -1.99 | -0.11 | 1.88 | ||
| 2076 | 17.99 | 13.33 | -4.66 | — | -2.01 | -0.11 | 1.89 | ||
| 2077 | 18.07 | 13.33 | -4.73 | — | -2.02 | -0.11 | 1.91 | ||
| 2078 | 18.13 | 13.34 | -4.79 | — | -2.03 | -0.11 | 1.92 | ||
| 2079 | 18.19 | 13.34 | -4.85 | — | -2.04 | -0.12 | 1.93 | ||
| 2080 | 18.24 | 13.35 | -4.89 | — | -2.05 | -0.12 | 1.93 | ||
| 2081 | 18.28 | 13.35 | -4.93 | — | -2.06 | -0.12 | 1.94 | ||
| 2082 | 18.32 | 13.35 | -4.97 | — | -2.06 | -0.12 | 1.95 | ||
| 2083 | 18.35 | 13.35 | -4.99 | — | -2.07 | -0.12 | 1.95 | ||
| 2084 | 18.37 | 13.36 | -5.01 | — | -2.07 | -0.12 | 1.96 | ||
| 2085 | 18.38 | 13.36 | -5.02 | — | -2.08 | -0.12 | 1.96 | ||
| 2086 | 18.37 | 13.36 | -5.02 | — | -2.08 | -0.12 | 1.96 | ||
| 2087 | 18.36 | 13.36 | -5.00 | — | -2.08 | -0.12 | 1.96 | ||
| 2088 | 18.34 | 13.36 | -4.98 | — | -2.07 | -0.12 | 1.96 | ||
| 2089 | 18.31 | 13.35 | -4.96 | — | -2.07 | -0.12 | 1.95 | ||
| 2090 | 18.28 | 13.35 | -4.93 | — | -2.07 | -0.12 | 1.95 | ||
| 2091 | 18.25 | 13.35 | -4.89 | — | -2.06 | -0.12 | 1.95 | ||
| 2092 | 18.21 | 13.35 | -4.86 | — | -2.06 | -0.12 | 1.94 | ||
| 2093 | 18.17 | 13.35 | -4.83 | — | -2.06 | -0.12 | 1.94 | ||
| 2094 | 18.14 | 13.34 | -4.79 | — | -2.05 | -0.12 | 1.94 | ||
| 2095 | 18.10 | 13.34 | -4.76 | — | -2.05 | -0.12 | 1.93 | ||
| 2096 | 18.07 | 13.34 | -4.73 | — | -2.04 | -0.12 | 1.93 | ||
| 2097 | 18.04 | 13.34 | -4.70 | — | -2.04 | -0.12 | 1.93 | ||
| 2098 | 18.02 | 13.34 | -4.68 | — | -2.04 | -0.12 | 1.92 | ||
| 2099 | 18.00 | 13.34 | -4.66 | — | -2.04 | -0.12 | 1.92 | ||
| 2100 | 17.99 | 13.34 | -4.65 | — | -2.04 | -0.12 | 1.92 | ||
| 2101 | 17.98 | 13.34 | -4.65 | — | -2.04 | -0.12 | 1.92 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2026-2100 | 17.02% | 13.62% | -3.40% | 2034 | -1.08% | -0.06% | 1.02% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2034. |
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Based on Intermediate Assumptions of the 2026 Trustees Report.