Detailed Single Year Tables
Description of Proposed Provision:
B7.12: Provide an option to split the 8-percent delayed retirement credit (DRC) to offer a lump sum benefit at initial entitlement equal to 2 percent of the 8 percent DRC earned, and a 6 percent DRC on subsequent monthly benefits, effective for workers newly entitled to retired worker benefits in 2029 and later. Widows are held harmless from the lump-sum decision.
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 | 15.79 | 13.06 | -2.73 | 92 | 0.05 | 0.00 | -0.05 | ||
| 2030 | 15.78 | 13.08 | -2.71 | 74 | 0.05 | 0.00 | -0.04 | ||
| 2031 | 15.76 | 13.09 | -2.67 | 56 | 0.04 | 0.00 | -0.04 | ||
| 2032 | 15.75 | 13.09 | -2.66 | 39 | 0.04 | 0.00 | -0.03 | ||
| 2033 | 15.75 | 13.13 | -2.62 | 22 | 0.03 | 0.00 | -0.03 | ||
| 2034 | 15.77 | 13.14 | -2.63 | 6 | 0.03 | 0.00 | -0.03 | ||
| 2035 | 15.79 | 13.17 | -2.63 | — | 0.02 | 0.00 | -0.02 | ||
| 2036 | 15.87 | 13.17 | -2.70 | — | 0.02 | 0.00 | -0.02 | ||
| 2037 | 15.97 | 13.18 | -2.79 | — | 0.02 | 0.00 | -0.02 | ||
| 2038 | 16.06 | 13.19 | -2.87 | — | 0.01 | 0.00 | -0.01 | ||
| 2039 | 16.14 | 13.19 | -2.95 | — | 0.01 | 0.00 | -0.01 | ||
| 2040 | 16.22 | 13.20 | -3.02 | — | 0.01 | 0.00 | -0.01 | ||
| 2041 | 16.28 | 13.20 | -3.08 | — | 0.01 | 0.00 | -0.01 | ||
| 2042 | 16.35 | 13.21 | -3.14 | — | 0.01 | 0.00 | -0.01 | ||
| 2043 | 16.42 | 13.21 | -3.20 | — | 0.00 | 0.00 | -0.00 | ||
| 2044 | 16.49 | 13.22 | -3.28 | — | 0.00 | 0.00 | -0.00 | ||
| 2045 | 16.57 | 13.22 | -3.35 | — | -0.00 | -0.00 | 0.00 | ||
| 2046 | 16.63 | 13.23 | -3.41 | — | -0.00 | -0.00 | 0.00 | ||
| 2047 | 16.70 | 13.23 | -3.47 | — | -0.00 | -0.00 | 0.00 | ||
| 2048 | 16.77 | 13.24 | -3.54 | — | -0.00 | -0.00 | 0.00 | ||
| 2049 | 16.85 | 13.24 | -3.60 | — | -0.00 | -0.00 | 0.00 | ||
| 2050 | 16.93 | 13.25 | -3.68 | — | 0.00 | 0.00 | -0.00 | ||
| 2051 | 17.02 | 13.25 | -3.77 | — | -0.00 | -0.00 | 0.00 | ||
| 2052 | 17.13 | 13.26 | -3.87 | — | 0.00 | 0.00 | -0.00 | ||
| 2053 | 17.24 | 13.27 | -3.97 | — | -0.00 | -0.00 | 0.00 | ||
| 2054 | 17.35 | 13.27 | -4.08 | — | -0.00 | -0.00 | 0.00 | ||
| 2055 | 17.48 | 13.28 | -4.20 | — | -0.00 | -0.00 | 0.00 | ||
| 2056 | 17.61 | 13.29 | -4.32 | — | 0.00 | 0.00 | -0.00 | ||
| 2057 | 17.74 | 13.30 | -4.45 | — | 0.00 | 0.00 | -0.00 | ||
| 2058 | 17.88 | 13.31 | -4.57 | — | 0.00 | 0.00 | -0.00 | ||
| 2059 | 18.02 | 13.32 | -4.70 | — | 0.00 | 0.00 | -0.00 | ||
| 2060 | 18.15 | 13.32 | -4.83 | — | 0.00 | 0.00 | -0.00 | ||
| 2061 | 18.27 | 13.33 | -4.94 | — | 0.00 | 0.00 | -0.00 | ||
| 2062 | 18.40 | 13.34 | -5.06 | — | 0.00 | 0.00 | -0.00 | ||
| 2063 | 18.51 | 13.35 | -5.17 | — | -0.00 | -0.00 | 0.00 | ||
| 2064 | 18.63 | 13.35 | -5.27 | — | -0.00 | -0.00 | 0.00 | ||
| 2065 | 18.74 | 13.36 | -5.38 | — | -0.00 | -0.00 | 0.00 | ||
| 2066 | 18.85 | 13.37 | -5.48 | — | -0.00 | -0.00 | 0.00 | ||
| 2067 | 18.97 | 13.38 | -5.59 | — | -0.01 | -0.00 | 0.00 | ||
| 2068 | 19.08 | 13.38 | -5.70 | — | -0.00 | -0.00 | 0.00 | ||
| 2069 | 19.20 | 13.39 | -5.81 | — | -0.00 | -0.00 | 0.00 | ||
| 2070 | 19.32 | 13.40 | -5.92 | — | -0.00 | -0.00 | 0.00 | ||
| 2071 | 19.44 | 13.41 | -6.03 | — | -0.01 | -0.00 | 0.00 | ||
| 2072 | 19.56 | 13.41 | -6.14 | — | -0.01 | -0.00 | 0.00 | ||
| 2073 | 19.67 | 13.42 | -6.25 | — | -0.00 | -0.00 | 0.00 | ||
| 2074 | 19.79 | 13.43 | -6.36 | — | -0.00 | -0.00 | 0.00 | ||
| 2075 | 19.90 | 13.44 | -6.46 | — | -0.00 | -0.00 | 0.00 | ||
| 2076 | 19.99 | 13.44 | -6.55 | — | -0.00 | -0.00 | 0.00 | ||
| 2077 | 20.08 | 13.45 | -6.63 | — | -0.00 | -0.00 | 0.00 | ||
| 2078 | 20.16 | 13.45 | -6.71 | — | -0.00 | -0.00 | 0.00 | ||
| 2079 | 20.22 | 13.46 | -6.77 | — | -0.01 | -0.00 | 0.01 | ||
| 2080 | 20.28 | 13.46 | -6.82 | — | -0.01 | -0.00 | 0.01 | ||
| 2081 | 20.33 | 13.46 | -6.87 | — | -0.01 | -0.00 | 0.01 | ||
| 2082 | 20.38 | 13.47 | -6.91 | — | -0.01 | -0.00 | 0.01 | ||
| 2083 | 20.41 | 13.47 | -6.94 | — | -0.01 | -0.00 | 0.01 | ||
| 2084 | 20.43 | 13.47 | -6.96 | — | -0.01 | -0.00 | 0.01 | ||
| 2085 | 20.44 | 13.47 | -6.97 | — | -0.01 | -0.00 | 0.01 | ||
| 2086 | 20.44 | 13.47 | -6.97 | — | -0.01 | -0.00 | 0.01 | ||
| 2087 | 20.43 | 13.47 | -6.95 | — | -0.01 | -0.00 | 0.01 | ||
| 2088 | 20.40 | 13.47 | -6.93 | — | -0.01 | -0.00 | 0.01 | ||
| 2089 | 20.37 | 13.47 | -6.90 | — | -0.01 | -0.00 | 0.01 | ||
| 2090 | 20.34 | 13.47 | -6.87 | — | -0.01 | -0.00 | 0.01 | ||
| 2091 | 20.30 | 13.47 | -6.83 | — | -0.01 | -0.00 | 0.01 | ||
| 2092 | 20.26 | 13.46 | -6.79 | — | -0.01 | -0.00 | 0.01 | ||
| 2093 | 20.22 | 13.46 | -6.75 | — | -0.01 | -0.00 | 0.01 | ||
| 2094 | 20.18 | 13.46 | -6.72 | — | -0.01 | -0.00 | 0.01 | ||
| 2095 | 20.14 | 13.46 | -6.68 | — | -0.01 | -0.00 | 0.01 | ||
| 2096 | 20.10 | 13.46 | -6.65 | — | -0.01 | -0.00 | 0.01 | ||
| 2097 | 20.07 | 13.45 | -6.62 | — | -0.01 | -0.00 | 0.01 | ||
| 2098 | 20.05 | 13.45 | -6.59 | — | -0.01 | -0.00 | 0.01 | ||
| 2099 | 20.03 | 13.45 | -6.57 | — | -0.01 | -0.00 | 0.01 | ||
| 2100 | 20.01 | 13.45 | -6.56 | — | -0.01 | -0.00 | 0.01 | ||
| 2101 | 20.01 | 13.45 | -6.56 | — | -0.01 | -0.00 | 0.01 | ||
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 | 18.10% | 13.68% | -4.43% | 2034 | 0.00% | 0.00% | -0.00% | ||
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.