Detailed Single Year Tables
Description of Proposed Provision:
A8: Starting December 2023, for OASI beneficiaries only (DI beneficiaries would only be affected when their benefit converts to OASI at NRA), the annual COLA would be based on the chain-weighted version of the CPI-U.
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 |
|||
| 2022 | 14.05 | 12.79 | -1.26 | 230 | 0.00 | 0.00 | 0.00 | ||
| 2023 | 14.31 | 13.04 | -1.27 | 211 | 0.00 | 0.00 | 0.00 | ||
| 2024 | 14.41 | 12.95 | -1.46 | 195 | -0.04 | -0.00 | 0.03 | ||
| 2025 | 14.58 | 12.96 | -1.62 | 178 | -0.07 | -0.00 | 0.07 | ||
| 2026 | 14.77 | 13.07 | -1.70 | 162 | -0.11 | -0.01 | 0.11 | ||
| 2027 | 14.95 | 13.09 | -1.86 | 146 | -0.15 | -0.01 | 0.14 | ||
| 2028 | 15.14 | 13.13 | -2.01 | 129 | -0.19 | -0.01 | 0.18 | ||
| 2029 | 15.30 | 13.16 | -2.14 | 113 | -0.23 | -0.01 | 0.21 | ||
| 2030 | 15.46 | 13.19 | -2.27 | 98 | -0.26 | -0.02 | 0.25 | ||
| 2031 | 15.61 | 13.21 | -2.39 | 82 | -0.30 | -0.02 | 0.28 | ||
| 2032 | 15.73 | 13.23 | -2.51 | 66 | -0.33 | -0.02 | 0.31 | ||
| 2033 | 15.84 | 13.23 | -2.60 | 50 | -0.37 | -0.02 | 0.34 | ||
| 2034 | 15.93 | 13.24 | -2.68 | 34 | -0.40 | -0.02 | 0.37 | ||
| 2035 | 16.00 | 13.25 | -2.75 | 17 | -0.42 | -0.03 | 0.40 | ||
| 2036 | 16.05 | 13.25 | -2.79 | 0 | -0.45 | -0.03 | 0.42 | ||
| 2037 | 16.10 | 13.26 | -2.84 | ---- | -0.48 | -0.03 | 0.45 | ||
| 2038 | 16.14 | 13.26 | -2.88 | ---- | -0.50 | -0.03 | 0.47 | ||
| 2039 | 16.17 | 13.27 | -2.90 | ---- | -0.52 | -0.03 | 0.49 | ||
| 2040 | 16.18 | 13.27 | -2.91 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2041 | 16.19 | 13.27 | -2.92 | ---- | -0.55 | -0.03 | 0.52 | ||
| 2042 | 16.20 | 13.27 | -2.93 | ---- | -0.57 | -0.03 | 0.54 | ||
| 2043 | 16.20 | 13.27 | -2.93 | ---- | -0.58 | -0.03 | 0.55 | ||
| 2044 | 16.21 | 13.27 | -2.94 | ---- | -0.59 | -0.04 | 0.56 | ||
| 2045 | 16.22 | 13.27 | -2.95 | ---- | -0.60 | -0.04 | 0.57 | ||
| 2046 | 16.23 | 13.27 | -2.95 | ---- | -0.61 | -0.04 | 0.58 | ||
| 2047 | 16.24 | 13.27 | -2.97 | ---- | -0.62 | -0.04 | 0.58 | ||
| 2048 | 16.26 | 13.28 | -2.99 | ---- | -0.63 | -0.04 | 0.59 | ||
| 2049 | 16.28 | 13.28 | -3.01 | ---- | -0.63 | -0.04 | 0.59 | ||
| 2050 | 16.31 | 13.28 | -3.03 | ---- | -0.64 | -0.04 | 0.60 | ||
| 2051 | 16.34 | 13.28 | -3.06 | ---- | -0.64 | -0.04 | 0.60 | ||
| 2052 | 16.37 | 13.29 | -3.08 | ---- | -0.64 | -0.04 | 0.60 | ||
| 2053 | 16.41 | 13.29 | -3.12 | ---- | -0.65 | -0.04 | 0.61 | ||
| 2054 | 16.45 | 13.29 | -3.16 | ---- | -0.65 | -0.04 | 0.61 | ||
| 2055 | 16.50 | 13.30 | -3.20 | ---- | -0.65 | -0.04 | 0.61 | ||
| 2056 | 16.55 | 13.30 | -3.25 | ---- | -0.65 | -0.04 | 0.61 | ||
| 2057 | 16.61 | 13.31 | -3.30 | ---- | -0.65 | -0.04 | 0.61 | ||
| 2058 | 16.67 | 13.31 | -3.36 | ---- | -0.66 | -0.04 | 0.62 | ||
| 2059 | 16.73 | 13.31 | -3.41 | ---- | -0.66 | -0.04 | 0.62 | ||
| 2060 | 16.79 | 13.32 | -3.47 | ---- | -0.66 | -0.04 | 0.62 | ||
| 2061 | 16.85 | 13.32 | -3.52 | ---- | -0.66 | -0.04 | 0.62 | ||
| 2062 | 16.90 | 13.33 | -3.57 | ---- | -0.67 | -0.04 | 0.63 | ||
| 2063 | 16.96 | 13.33 | -3.62 | ---- | -0.67 | -0.04 | 0.63 | ||
| 2064 | 17.00 | 13.34 | -3.67 | ---- | -0.68 | -0.04 | 0.63 | ||
| 2065 | 17.05 | 13.34 | -3.71 | ---- | -0.68 | -0.04 | 0.64 | ||
| 2066 | 17.10 | 13.34 | -3.75 | ---- | -0.68 | -0.04 | 0.64 | ||
| 2067 | 17.15 | 13.35 | -3.80 | ---- | -0.69 | -0.04 | 0.65 | ||
| 2068 | 17.20 | 13.35 | -3.84 | ---- | -0.69 | -0.04 | 0.65 | ||
| 2069 | 17.25 | 13.36 | -3.89 | ---- | -0.70 | -0.04 | 0.65 | ||
| 2070 | 17.30 | 13.36 | -3.94 | ---- | -0.70 | -0.04 | 0.66 | ||
| 2071 | 17.35 | 13.36 | -3.99 | ---- | -0.71 | -0.04 | 0.66 | ||
| 2072 | 17.40 | 13.37 | -4.03 | ---- | -0.71 | -0.04 | 0.67 | ||
| 2073 | 17.45 | 13.37 | -4.08 | ---- | -0.71 | -0.04 | 0.67 | ||
| 2074 | 17.49 | 13.37 | -4.12 | ---- | -0.72 | -0.04 | 0.67 | ||
| 2075 | 17.53 | 13.38 | -4.15 | ---- | -0.72 | -0.04 | 0.68 | ||
| 2076 | 17.56 | 13.38 | -4.18 | ---- | -0.73 | -0.04 | 0.68 | ||
| 2077 | 17.58 | 13.38 | -4.20 | ---- | -0.73 | -0.05 | 0.68 | ||
| 2078 | 17.59 | 13.38 | -4.20 | ---- | -0.73 | -0.05 | 0.69 | ||
| 2079 | 17.58 | 13.38 | -4.20 | ---- | -0.73 | -0.05 | 0.69 | ||
| 2080 | 17.56 | 13.38 | -4.18 | ---- | -0.74 | -0.05 | 0.69 | ||
| 2081 | 17.54 | 13.38 | -4.16 | ---- | -0.74 | -0.05 | 0.69 | ||
| 2082 | 17.51 | 13.38 | -4.13 | ---- | -0.74 | -0.05 | 0.69 | ||
| 2083 | 17.47 | 13.38 | -4.09 | ---- | -0.74 | -0.05 | 0.69 | ||
| 2084 | 17.42 | 13.38 | -4.04 | ---- | -0.74 | -0.05 | 0.69 | ||
| 2085 | 17.37 | 13.37 | -3.99 | ---- | -0.74 | -0.05 | 0.69 | ||
| 2086 | 17.31 | 13.37 | -3.94 | ---- | -0.74 | -0.05 | 0.69 | ||
| 2087 | 17.24 | 13.36 | -3.88 | ---- | -0.74 | -0.05 | 0.69 | ||
| 2088 | 17.18 | 13.36 | -3.82 | ---- | -0.74 | -0.05 | 0.69 | ||
| 2089 | 17.12 | 13.36 | -3.76 | ---- | -0.74 | -0.05 | 0.69 | ||
| 2090 | 17.06 | 13.35 | -3.71 | ---- | -0.73 | -0.05 | 0.69 | ||
| 2091 | 17.01 | 13.35 | -3.66 | ---- | -0.73 | -0.05 | 0.69 | ||
| 2092 | 16.97 | 13.35 | -3.63 | ---- | -0.73 | -0.05 | 0.68 | ||
| 2093 | 16.94 | 13.34 | -3.60 | ---- | -0.73 | -0.05 | 0.68 | ||
| 2094 | 16.93 | 13.34 | -3.58 | ---- | -0.73 | -0.05 | 0.68 | ||
| 2095 | 16.92 | 13.34 | -3.57 | ---- | -0.73 | -0.05 | 0.68 | ||
| 2096 | 16.92 | 13.34 | -3.57 | ---- | -0.72 | -0.04 | 0.68 | ||
| 2097 | 16.92 | 13.34 | -3.58 | ---- | -0.72 | -0.04 | 0.68 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2022-2096 | 16.63% | 13.74% | -2.89% | 2036 | -0.57% | -0.03% | 0.53% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2035. |
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Based on Intermediate Assumptions of the 2022 Trustees Report.