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Detailed Single Year Tables

Description of Proposed Provision:
Progressive price indexing (50th percentile) of PIA factors for individuals newly eligible for OASI benefits in 2021 through 2060: 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 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
202214.4913.03-1.45
216
0.000.000.00
202314.7513.06-1.70
200
0.000.000.00
202415.0113.09-1.92
183
-0.010.000.01
202515.2713.11-2.16
166
-0.020.000.01
202615.4413.13-2.32
149
-0.030.000.02
202715.6113.14-2.47
132
-0.040.000.04
202815.7613.15-2.60
116
-0.060.000.05
202915.8913.16-2.72
99
-0.080.000.07
203016.0013.17-2.82
83
-0.10-0.010.10
203116.0913.18-2.91
66
-0.13-0.010.12
203216.1713.19-2.97
49
-0.16-0.010.15
203316.2113.20-3.02
31
-0.19-0.010.18
203416.2313.20-3.04
13
-0.23-0.010.22
203516.2313.20-3.03
----
-0.27-0.010.25
203616.2513.20-3.05
----
-0.31-0.020.29
203716.2513.21-3.05
----
-0.35-0.020.33
203816.2213.21-3.02
----
-0.39-0.020.37
203916.1813.21-2.97
----
-0.43-0.020.41
204016.1113.21-2.91
----
-0.48-0.030.45
204116.0413.20-2.84
----
-0.52-0.030.49
204215.9713.20-2.77
----
-0.57-0.030.53
204315.8913.20-2.69
----
-0.61-0.030.58
204415.8113.19-2.61
----
-0.66-0.040.63
204515.7413.19-2.55
----
-0.71-0.040.67
204615.6613.19-2.47
----
-0.76-0.040.72
204715.5913.18-2.40
----
-0.81-0.050.77
204815.5213.18-2.34
----
-0.87-0.050.82
204915.4513.18-2.27
----
-0.92-0.050.87
205015.3913.18-2.21
----
-0.97-0.060.92
205115.3313.17-2.16
----
-1.03-0.060.97
205215.2913.17-2.12
----
-1.08-0.061.02
205315.2613.17-2.08
----
-1.14-0.061.07
205415.2313.17-2.06
----
-1.19-0.071.13
205515.2113.17-2.04
----
-1.25-0.071.18
205615.2013.17-2.03
----
-1.31-0.071.24
205715.1913.17-2.02
----
-1.37-0.081.29
205815.1813.17-2.01
----
-1.43-0.081.34
205915.1713.17-2.00
----
-1.48-0.081.40
206015.1713.17-1.99
----
-1.54-0.091.45
206115.1613.17-1.99
----
-1.60-0.091.50
206215.1613.17-1.98
----
-1.65-0.091.56
206315.1513.18-1.98
----
-1.70-0.101.61
206415.1513.18-1.97
----
-1.76-0.101.65
206515.1513.18-1.97
----
-1.81-0.101.70
206615.1513.18-1.97
----
-1.86-0.111.75
206715.1613.18-1.98
----
-1.90-0.111.80
206815.1613.18-1.98
----
-1.95-0.111.84
206915.1713.18-1.99
----
-1.99-0.111.88
207015.1813.18-2.00
----
-2.04-0.121.92
207115.1913.18-2.01
----
-2.08-0.121.96
207215.1913.18-2.01
----
-2.11-0.121.99
207315.2013.18-2.01
----
-2.14-0.122.02
207415.1913.18-2.01
----
-2.18-0.132.05
207515.1913.18-2.01
----
-2.20-0.132.08
207615.1813.18-1.99
----
-2.23-0.132.10
207715.1613.18-1.98
----
-2.25-0.132.12
207815.1413.18-1.96
----
-2.27-0.132.14
207915.1213.18-1.94
----
-2.28-0.132.15
208015.1113.18-1.93
----
-2.30-0.132.16
208115.0913.18-1.91
----
-2.31-0.132.17
208215.0913.18-1.91
----
-2.32-0.132.19
208315.0913.18-1.91
----
-2.33-0.132.20
208415.1013.18-1.92
----
-2.34-0.142.21
208515.1113.18-1.93
----
-2.36-0.142.22
208615.1413.18-1.96
----
-2.37-0.142.23
208715.1613.18-1.98
----
-2.38-0.142.24
208815.1913.18-2.01
----
-2.39-0.142.25
208915.2313.19-2.04
----
-2.40-0.142.26
209015.2613.19-2.08
----
-2.41-0.142.27
209115.3013.19-2.11
----
-2.42-0.142.28



 

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 15.48% 13.79% -1.69%
2034
-1.02% -0.06% 0.97%
 
1 Under present law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified June 16, 2016