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Detailed Single Year Tables

Description of Proposed Provision:
After the normal retirement age (NRA) reaches 67 for those age 62 in 2022, increase the NRA 2 months per year until the NRA reaches 68.

 

Financial Estimates for the OASDI Trust Fund Program

 
  Proposal
  Change from Present Law
  Expressed as a percentage of
present-law taxable payroll

Trust fund
ratio as of
January 1
Expressed as a percentage of
present-law taxable payroll
Calendar
year
Cost
rate
Income
rate
Annual
balance

Cost
rate
Income
rate
Annual
balance
201614.0512.94-1.10
303
0.000.000.00
201713.7212.92-0.80
293
0.000.000.00
201813.8612.96-0.90
277
0.000.000.00
201913.9912.97-1.02
262
0.000.000.00
202014.1312.98-1.15
246
0.000.000.00
202114.2713.00-1.27
231
0.000.000.00
202214.4913.03-1.46
216
0.000.000.00
202314.7413.06-1.68
200
-0.020.000.02
202414.9813.09-1.89
183
-0.040.000.04
202515.2213.11-2.11
167
-0.070.000.06
202615.3813.12-2.26
150
-0.090.000.09
202715.5313.14-2.39
134
-0.120.000.11
202815.6713.15-2.52
118
-0.140.000.14
202915.8013.16-2.63
102
-0.170.000.16
203015.9113.18-2.73
86
-0.20-0.010.19
203116.0113.19-2.82
69
-0.21-0.010.21
203216.0713.19-2.87
53
-0.26-0.010.25
203316.1113.20-2.91
36
-0.30-0.010.29
203416.1313.20-2.93
18
-0.33-0.010.32
203516.1413.20-2.93
1
-0.36-0.010.35
203616.1713.21-2.97
----
-0.38-0.010.37
203716.2013.21-2.99
----
-0.40-0.010.39
203816.1913.21-2.98
----
-0.42-0.020.41
203916.1713.21-2.96
----
-0.44-0.020.42
204016.1313.21-2.92
----
-0.46-0.020.44
204116.0913.21-2.88
----
-0.47-0.020.45
204216.0413.21-2.83
----
-0.49-0.020.47
204316.0013.21-2.78
----
-0.50-0.020.48
204415.9513.21-2.74
----
-0.52-0.020.50
204515.9113.21-2.71
----
-0.54-0.020.51
204615.8713.21-2.67
----
-0.55-0.020.53
204715.8413.21-2.63
----
-0.57-0.020.54
204815.8013.21-2.60
----
-0.58-0.030.56
204915.7713.21-2.57
----
-0.60-0.030.57
205015.7513.21-2.54
----
-0.61-0.030.58
205115.7413.21-2.53
----
-0.62-0.030.59
205215.7413.21-2.53
----
-0.63-0.030.61
205315.7513.21-2.54
----
-0.64-0.030.62
205415.7713.21-2.56
----
-0.65-0.030.63
205515.8013.21-2.59
----
-0.66-0.030.63
205615.8413.22-2.62
----
-0.67-0.030.64
205715.8813.22-2.66
----
-0.68-0.030.65
205815.9213.22-2.70
----
-0.68-0.030.65
205915.9713.23-2.74
----
-0.69-0.030.66
206016.0213.23-2.79
----
-0.69-0.030.66
206116.0713.23-2.83
----
-0.69-0.030.66
206216.1213.24-2.88
----
-0.69-0.030.66
206316.1613.24-2.92
----
-0.69-0.030.66
206416.2113.24-2.97
----
-0.70-0.030.66
206516.2613.25-3.01
----
-0.70-0.030.67
206616.3113.25-3.06
----
-0.70-0.030.67
206716.3613.25-3.11
----
-0.70-0.030.67
206816.4113.26-3.15
----
-0.70-0.030.67
206916.4613.26-3.20
----
-0.71-0.030.67
207016.5113.26-3.24
----
-0.71-0.030.68
207116.5513.27-3.29
----
-0.71-0.030.68
207216.5913.27-3.32
----
-0.71-0.030.68
207316.6313.27-3.35
----
-0.71-0.030.68
207416.6613.28-3.38
----
-0.71-0.030.68
207516.6813.28-3.40
----
-0.71-0.030.68
207616.6913.28-3.42
----
-0.71-0.030.68
207716.7013.28-3.42
----
-0.71-0.030.67
207816.7013.28-3.42
----
-0.71-0.030.67
207916.7013.28-3.42
----
-0.71-0.030.67
208016.7013.28-3.42
----
-0.71-0.030.67
208116.7013.28-3.42
----
-0.70-0.030.67
208216.7013.28-3.42
----
-0.70-0.030.67
208316.7113.28-3.43
----
-0.71-0.030.67
208416.7313.28-3.45
----
-0.71-0.030.67
208516.7613.28-3.48
----
-0.71-0.030.68
208616.7913.28-3.50
----
-0.72-0.030.68
208716.8213.29-3.54
----
-0.72-0.030.69
208816.8613.29-3.57
----
-0.72-0.030.69
208916.9013.29-3.61
----
-0.73-0.030.69
209016.9513.29-3.65
----
-0.73-0.030.69
209116.9913.30-3.70
----
-0.73-0.030.70



 

Summarized Estimates

 
  Proposal
  Change from Present 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 2016 Trustees Report.
2016-2090 16.03% 13.82% -2.21%
2035
-0.47% -0.02% 0.45%
 
1 Under present law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified June 16, 2016