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Detailed Single Year Tables

Description of Proposed Provision:
B3.13: For retired worker beneficiaries newly eligible in 2024 (excluding disabled workers), add a new bend point at the wage-indexed equivalent of the 50th percentile of the AIME distribution minus $100 (for 2015 eligibility) and change the PIA factors to 95/32/15/5. Also move the current-law first bend point from the wage-indexed equivalent of $885 in 2017 to $1,125 in 2017. Phase this provision in over 10 years (2024-2033). The phase-in would work on a weighted-average basis: 90% of CL formula + 10% of proposal formula for 2024, 80% of CL formula + 20% of proposal formula for 2025, and so on.

 

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
201713.4113.03-0.38
298
0.000.000.00
201813.4912.93-0.56
287
0.000.000.00
201913.7012.95-0.75
273
0.000.000.00
202013.8512.96-0.89
259
0.000.000.00
202114.0212.99-1.03
245
0.000.000.00
202214.2613.02-1.23
230
0.000.000.00
202314.5413.05-1.50
215
0.000.000.00
202414.8313.08-1.74
199
0.000.00-0.00
202515.1013.10-2.00
182
0.000.00-0.00
202615.3713.14-2.24
165
0.000.00-0.00
202715.6213.15-2.47
148
0.000.00-0.00
202815.8613.17-2.69
130
0.010.00-0.01
202916.0813.18-2.89
112
0.010.00-0.01
203016.2813.20-3.08
94
0.010.00-0.01
203116.4613.21-3.25
75
0.010.00-0.01
203216.6213.22-3.40
56
0.010.00-0.01
203316.7513.23-3.52
36
0.010.00-0.01
203416.8613.23-3.62
16
0.010.00-0.01
203516.9313.24-3.69
----
0.010.00-0.01
203616.9913.24-3.75
----
0.000.00-0.00
203717.0213.25-3.77
----
-0.00-0.000.00
203817.0113.25-3.76
----
-0.01-0.000.01
203916.9813.25-3.73
----
-0.02-0.000.02
204016.9313.25-3.68
----
-0.03-0.000.03
204116.8713.24-3.63
----
-0.04-0.000.04
204216.8113.24-3.57
----
-0.05-0.000.05
204316.7513.24-3.51
----
-0.06-0.000.06
204416.6913.23-3.46
----
-0.07-0.000.06
204516.6513.23-3.41
----
-0.07-0.000.07
204616.6013.23-3.37
----
-0.08-0.000.08
204716.5613.23-3.33
----
-0.09-0.000.08
204816.5213.23-3.30
----
-0.09-0.010.09
204916.4913.23-3.27
----
-0.10-0.010.09
205016.4713.23-3.24
----
-0.10-0.010.09
205116.4513.23-3.23
----
-0.10-0.010.10
205216.4513.23-3.22
----
-0.11-0.010.10
205316.4613.23-3.23
----
-0.11-0.010.11
205416.4713.23-3.25
----
-0.12-0.010.11
205516.5013.23-3.27
----
-0.12-0.010.11
205616.5313.23-3.30
----
-0.12-0.010.11
205716.5713.24-3.34
----
-0.12-0.010.12
205816.6113.24-3.37
----
-0.13-0.010.12
205916.6613.24-3.41
----
-0.13-0.010.12
206016.7013.25-3.45
----
-0.13-0.010.12
206116.7413.25-3.50
----
-0.13-0.010.12
206216.7913.25-3.54
----
-0.13-0.010.12
206316.8413.25-3.58
----
-0.13-0.010.13
206416.8813.26-3.63
----
-0.13-0.010.13
206516.9313.26-3.67
----
-0.13-0.010.13
206616.9813.26-3.72
----
-0.14-0.010.13
206717.0313.27-3.77
----
-0.14-0.010.13
206817.0813.27-3.81
----
-0.14-0.010.13
206917.1413.27-3.86
----
-0.14-0.010.13
207017.1913.28-3.91
----
-0.14-0.010.13
207117.2313.28-3.95
----
-0.14-0.010.13
207217.2713.28-3.99
----
-0.14-0.010.13
207317.3113.28-4.02
----
-0.14-0.010.13
207417.3413.29-4.05
----
-0.14-0.010.13
207517.3613.29-4.07
----
-0.14-0.010.13
207617.3813.29-4.09
----
-0.14-0.010.13
207717.3813.29-4.09
----
-0.14-0.010.14
207817.3813.29-4.09
----
-0.14-0.010.14
207917.3713.29-4.08
----
-0.15-0.010.14
208017.3613.29-4.07
----
-0.15-0.010.14
208117.3613.29-4.07
----
-0.15-0.010.14
208217.3613.29-4.07
----
-0.15-0.010.14
208317.3613.29-4.08
----
-0.15-0.010.14
208417.3813.29-4.09
----
-0.15-0.010.14
208517.4013.29-4.11
----
-0.15-0.010.14
208617.4313.29-4.14
----
-0.15-0.010.14
208717.4713.29-4.17
----
-0.15-0.010.14
208817.5113.30-4.21
----
-0.15-0.010.14
208917.5513.30-4.25
----
-0.15-0.010.14
209017.6013.30-4.29
----
-0.15-0.010.14
209117.6413.31-4.34
----
-0.15-0.010.14
209217.6913.31-4.38
----
-0.15-0.010.15



 

Summarized Estimates

 
  Proposal
  Change from Current 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 2017 Trustees Report.
2017-2091 16.59% 13.83% -2.76%
2034
-0.07% -0.00% 0.07%
 
1 Under current law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified July 13, 2017