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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, index the NRA to maintain a constant ratio of expected retirement years (life expectancy at NRA) to potential work years (NRA minus 20). We assume the NRA will increase 1 month every 2 years. Also, raise the earliest eligibility age (EEA) for retired-workers, aged widow(er)s, and disabled widow(er)s by the same amount as the NRA starting for those attaining EEA in 2017.

 

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
201713.7112.92-0.79
293
-0.010.000.01
201813.8412.96-0.88
277
-0.020.000.02
201913.9612.97-0.99
262
-0.030.000.03
202014.1012.98-1.11
247
-0.040.000.04
202114.2213.01-1.22
233
-0.050.010.05
202214.4313.04-1.39
218
-0.060.010.06
202314.6913.07-1.63
202
-0.070.010.07
202414.9513.10-1.85
185
-0.070.010.08
202515.2013.12-2.08
169
-0.080.010.09
202615.3813.14-2.24
152
-0.090.010.10
202715.5513.16-2.40
136
-0.090.010.11
202815.7113.17-2.54
120
-0.100.010.12
202915.8613.18-2.67
103
-0.110.010.12
203015.9913.20-2.79
87
-0.120.020.13
203116.1013.21-2.89
70
-0.120.020.14
203216.1913.22-2.98
53
-0.130.020.15
203316.2713.22-3.04
36
-0.140.020.16
203416.3113.23-3.08
18
-0.150.020.17
203516.3313.23-3.10
----
-0.160.020.18
203616.3813.24-3.15
----
-0.170.020.19
203716.4213.24-3.17
----
-0.180.020.20
203816.4213.25-3.17
----
-0.200.020.21
203916.4013.25-3.15
----
-0.210.020.23
204016.3713.25-3.12
----
-0.220.020.24
204116.3213.25-3.07
----
-0.240.020.26
204216.2713.25-3.03
----
-0.260.020.28
204316.2213.25-2.97
----
-0.280.020.29
204416.1713.25-2.92
----
-0.300.020.31
204516.1313.25-2.89
----
-0.320.020.33
204616.0913.25-2.84
----
-0.330.020.35
204716.0513.25-2.80
----
-0.350.020.37
204816.0113.25-2.76
----
-0.370.020.39
204915.9713.25-2.72
----
-0.400.020.42
205015.9313.25-2.68
----
-0.420.020.44
205115.9013.25-2.65
----
-0.460.020.47
205215.8913.25-2.63
----
-0.480.020.50
205315.8813.25-2.63
----
-0.510.020.53
205415.8913.26-2.63
----
-0.530.020.55
205515.9113.26-2.65
----
-0.560.020.57
205615.9313.26-2.67
----
-0.580.020.59
205715.9613.27-2.69
----
-0.590.020.61
205815.9913.27-2.72
----
-0.610.020.63
205916.0213.28-2.75
----
-0.630.020.65
206016.0513.28-2.77
----
-0.650.020.67
206116.0913.28-2.80
----
-0.670.020.69
206216.1213.29-2.83
----
-0.690.020.71
206316.1413.29-2.85
----
-0.710.020.73
206416.1713.29-2.87
----
-0.740.020.75
206516.1913.30-2.90
----
-0.760.020.78
206616.2113.30-2.91
----
-0.800.020.81
206716.2413.30-2.93
----
-0.820.010.84
206816.2713.30-2.96
----
-0.850.010.86
206916.3013.31-2.99
----
-0.870.010.88
207016.3413.31-3.02
----
-0.880.010.90
207116.3713.32-3.05
----
-0.900.020.91
207216.3913.32-3.07
----
-0.920.020.93
207316.4013.32-3.08
----
-0.940.010.95
207416.4113.32-3.08
----
-0.960.010.98
207516.4013.32-3.08
----
-0.990.011.00
207616.3913.32-3.07
----
-1.020.011.03
207716.3713.32-3.05
----
-1.040.011.05
207816.3413.32-3.02
----
-1.070.001.07
207916.3013.31-2.99
----
-1.100.001.10
208016.2713.32-2.95
----
-1.140.001.14
208116.2213.32-2.91
----
-1.180.001.18
208216.1913.32-2.88
----
-1.210.011.22
208316.1813.32-2.86
----
-1.240.011.25
208416.1813.32-2.86
----
-1.260.011.27
208516.1813.32-2.87
----
-1.280.001.29
208616.2013.32-2.87
----
-1.310.001.31
208716.2113.32-2.89
----
-1.330.001.33
208816.2313.32-2.91
----
-1.360.001.36
208916.2513.32-2.92
----
-1.380.001.38
209016.2713.33-2.94
----
-1.410.001.41
209116.2913.33-2.96
----
-1.430.001.43



 

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 16.00% 13.86% -2.15%
2034
-0.50% 0.01% 0.51%
 
1 Under present law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified June 16, 2016