Detailed Single Year Tables
Description of Proposed Provision:
B7.11: Beginning in January 2029, eliminate the retirement earnings test for all beneficiaries under normal retirement age, including retired workers, aged spouses, aged widow(er)s, young spouses with a child in care, young surviving spouses with a child in care, and children.
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 | 16.01 | 13.08 | -2.94 | 91 | 0.27 | 0.01 | -0.26 | ||
| 2030 | 15.99 | 13.09 | -2.90 | 72 | 0.25 | 0.01 | -0.23 | ||
| 2031 | 15.94 | 13.10 | -2.85 | 53 | 0.22 | 0.01 | -0.21 | ||
| 2032 | 15.92 | 13.10 | -2.82 | 35 | 0.20 | 0.01 | -0.19 | ||
| 2033 | 15.91 | 13.14 | -2.76 | 18 | 0.19 | 0.01 | -0.18 | ||
| 2034 | 15.91 | 13.15 | -2.76 | 1 | 0.17 | 0.01 | -0.16 | ||
| 2035 | 15.93 | 13.17 | -2.75 | — | 0.16 | 0.01 | -0.15 | ||
| 2036 | 16.00 | 13.18 | -2.81 | — | 0.14 | 0.01 | -0.13 | ||
| 2037 | 16.08 | 13.19 | -2.89 | — | 0.12 | 0.01 | -0.11 | ||
| 2038 | 16.15 | 13.19 | -2.95 | — | 0.10 | 0.01 | -0.10 | ||
| 2039 | 16.22 | 13.20 | -3.02 | — | 0.09 | 0.01 | -0.08 | ||
| 2040 | 16.28 | 13.20 | -3.08 | — | 0.08 | 0.01 | -0.07 | ||
| 2041 | 16.34 | 13.21 | -3.13 | — | 0.07 | 0.01 | -0.06 | ||
| 2042 | 16.40 | 13.21 | -3.19 | — | 0.06 | 0.00 | -0.06 | ||
| 2043 | 16.47 | 13.22 | -3.25 | — | 0.05 | 0.00 | -0.05 | ||
| 2044 | 16.54 | 13.22 | -3.32 | — | 0.05 | 0.00 | -0.04 | ||
| 2045 | 16.61 | 13.23 | -3.39 | — | 0.04 | 0.00 | -0.03 | ||
| 2046 | 16.67 | 13.23 | -3.44 | — | 0.03 | 0.00 | -0.03 | ||
| 2047 | 16.72 | 13.23 | -3.49 | — | 0.02 | 0.00 | -0.02 | ||
| 2048 | 16.78 | 13.24 | -3.54 | — | 0.01 | 0.00 | -0.01 | ||
| 2049 | 16.85 | 13.24 | -3.60 | — | -0.00 | 0.00 | 0.00 | ||
| 2050 | 16.92 | 13.25 | -3.67 | — | -0.01 | 0.00 | 0.01 | ||
| 2051 | 17.00 | 13.25 | -3.75 | — | -0.02 | 0.00 | 0.02 | ||
| 2052 | 17.10 | 13.26 | -3.84 | — | -0.02 | 0.00 | 0.02 | ||
| 2053 | 17.21 | 13.27 | -3.94 | — | -0.03 | -0.00 | 0.03 | ||
| 2054 | 17.32 | 13.27 | -4.05 | — | -0.03 | -0.00 | 0.03 | ||
| 2055 | 17.44 | 13.28 | -4.16 | — | -0.04 | -0.00 | 0.04 | ||
| 2056 | 17.56 | 13.29 | -4.27 | — | -0.05 | -0.00 | 0.05 | ||
| 2057 | 17.69 | 13.30 | -4.39 | — | -0.06 | -0.00 | 0.05 | ||
| 2058 | 17.81 | 13.30 | -4.51 | — | -0.07 | -0.00 | 0.06 | ||
| 2059 | 17.94 | 13.31 | -4.63 | — | -0.07 | -0.00 | 0.07 | ||
| 2060 | 18.06 | 13.32 | -4.74 | — | -0.08 | -0.00 | 0.08 | ||
| 2061 | 18.19 | 13.33 | -4.86 | — | -0.09 | -0.00 | 0.08 | ||
| 2062 | 18.30 | 13.34 | -4.97 | — | -0.09 | -0.00 | 0.09 | ||
| 2063 | 18.42 | 13.34 | -5.08 | — | -0.09 | -0.00 | 0.09 | ||
| 2064 | 18.53 | 13.35 | -5.18 | — | -0.10 | -0.00 | 0.09 | ||
| 2065 | 18.65 | 13.36 | -5.29 | — | -0.10 | -0.00 | 0.09 | ||
| 2066 | 18.76 | 13.36 | -5.39 | — | -0.10 | -0.00 | 0.09 | ||
| 2067 | 18.87 | 13.37 | -5.50 | — | -0.10 | -0.00 | 0.10 | ||
| 2068 | 18.99 | 13.38 | -5.61 | — | -0.10 | -0.00 | 0.10 | ||
| 2069 | 19.10 | 13.39 | -5.72 | — | -0.10 | -0.00 | 0.10 | ||
| 2070 | 19.22 | 13.39 | -5.83 | — | -0.10 | -0.00 | 0.10 | ||
| 2071 | 19.34 | 13.40 | -5.94 | — | -0.10 | -0.00 | 0.10 | ||
| 2072 | 19.46 | 13.41 | -6.05 | — | -0.11 | -0.00 | 0.10 | ||
| 2073 | 19.57 | 13.42 | -6.15 | — | -0.11 | -0.00 | 0.10 | ||
| 2074 | 19.68 | 13.42 | -6.26 | — | -0.11 | -0.01 | 0.11 | ||
| 2075 | 19.78 | 13.43 | -6.35 | — | -0.12 | -0.01 | 0.11 | ||
| 2076 | 19.87 | 13.44 | -6.44 | — | -0.12 | -0.01 | 0.12 | ||
| 2077 | 19.96 | 13.44 | -6.52 | — | -0.12 | -0.01 | 0.12 | ||
| 2078 | 20.04 | 13.45 | -6.59 | — | -0.13 | -0.01 | 0.12 | ||
| 2079 | 20.10 | 13.45 | -6.65 | — | -0.13 | -0.01 | 0.12 | ||
| 2080 | 20.16 | 13.46 | -6.70 | — | -0.13 | -0.01 | 0.12 | ||
| 2081 | 20.21 | 13.46 | -6.75 | — | -0.13 | -0.01 | 0.13 | ||
| 2082 | 20.25 | 13.46 | -6.79 | — | -0.14 | -0.01 | 0.13 | ||
| 2083 | 20.28 | 13.46 | -6.81 | — | -0.14 | -0.01 | 0.13 | ||
| 2084 | 20.30 | 13.47 | -6.83 | — | -0.14 | -0.01 | 0.14 | ||
| 2085 | 20.30 | 13.47 | -6.84 | — | -0.15 | -0.01 | 0.14 | ||
| 2086 | 20.30 | 13.47 | -6.83 | — | -0.15 | -0.01 | 0.14 | ||
| 2087 | 20.29 | 13.47 | -6.82 | — | -0.15 | -0.01 | 0.14 | ||
| 2088 | 20.26 | 13.47 | -6.80 | — | -0.15 | -0.01 | 0.14 | ||
| 2089 | 20.24 | 13.46 | -6.77 | — | -0.15 | -0.01 | 0.14 | ||
| 2090 | 20.20 | 13.46 | -6.74 | — | -0.15 | -0.01 | 0.14 | ||
| 2091 | 20.16 | 13.46 | -6.70 | — | -0.15 | -0.01 | 0.14 | ||
| 2092 | 20.12 | 13.46 | -6.66 | — | -0.15 | -0.01 | 0.14 | ||
| 2093 | 20.08 | 13.46 | -6.62 | — | -0.15 | -0.01 | 0.14 | ||
| 2094 | 20.04 | 13.45 | -6.59 | — | -0.15 | -0.01 | 0.14 | ||
| 2095 | 20.00 | 13.45 | -6.55 | — | -0.15 | -0.01 | 0.14 | ||
| 2096 | 19.97 | 13.45 | -6.52 | — | -0.14 | -0.01 | 0.14 | ||
| 2097 | 19.94 | 13.45 | -6.49 | — | -0.14 | -0.01 | 0.14 | ||
| 2098 | 19.92 | 13.45 | -6.47 | — | -0.14 | -0.01 | 0.13 | ||
| 2099 | 19.90 | 13.45 | -6.45 | — | -0.14 | -0.01 | 0.13 | ||
| 2100 | 19.89 | 13.45 | -6.44 | — | -0.14 | -0.01 | 0.13 | ||
| 2101 | 19.88 | 13.45 | -6.44 | — | -0.14 | -0.01 | 0.13 | ||
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 | 18.08% | 13.68% | -4.40% | 2034 | -0.02% | -0.00% | 0.02% | ||
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.