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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 2020 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
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
202013.9012.96-0.94
258
0.050.00-0.05
202114.0612.99-1.07
244
0.050.00-0.05
202214.3113.03-1.28
229
0.050.00-0.05
202314.5913.05-1.54
213
0.050.00-0.05
202414.8613.09-1.78
197
0.040.00-0.04
202515.1313.10-2.02
181
0.030.00-0.03
202615.3913.14-2.26
163
0.020.00-0.02
202715.6313.15-2.48
146
0.020.00-0.01
202815.8613.17-2.70
128
0.010.00-0.01
202916.0713.18-2.89
110
0.010.00-0.01
203016.2713.20-3.08
92
0.010.00-0.01
203116.4513.21-3.24
74
0.000.00-0.00
203216.6113.22-3.39
55
0.000.00-0.00
203316.7413.23-3.51
35
-0.00-0.000.00
203416.8413.23-3.61
15
-0.00-0.000.00
203516.9213.24-3.68
----
-0.01-0.000.01
203616.9813.24-3.74
----
-0.01-0.000.01
203717.0113.25-3.76
----
-0.01-0.000.01
203817.0113.25-3.76
----
-0.01-0.000.01
203916.9913.25-3.74
----
-0.01-0.000.01
204016.9513.25-3.71
----
-0.01-0.000.01
204116.9013.25-3.66
----
-0.01-0.000.01
204216.8513.24-3.61
----
-0.01-0.000.01
204316.8013.24-3.56
----
-0.01-0.000.01
204416.7513.24-3.51
----
-0.01-0.000.01
204516.7113.24-3.47
----
-0.01-0.000.01
204616.6713.23-3.44
----
-0.01-0.000.01
204716.6413.23-3.41
----
-0.01-0.000.01
204816.6113.23-3.38
----
-0.01-0.000.01
204916.5813.23-3.35
----
-0.00-0.000.00
205016.5613.23-3.33
----
-0.00-0.000.00
205116.5513.23-3.32
----
-0.00-0.000.00
205216.5513.23-3.32
----
-0.00-0.000.00
205316.5713.23-3.33
----
-0.00-0.000.00
205416.5913.23-3.35
----
-0.00-0.000.00
205516.6213.24-3.38
----
-0.00-0.000.00
205616.6513.24-3.41
----
-0.00-0.000.00
205716.7013.24-3.45
----
-0.00-0.000.00
205816.7413.25-3.49
----
-0.00-0.000.00
205916.7813.25-3.53
----
0.000.00-0.00
206016.8313.25-3.58
----
0.000.00-0.00
206116.8713.26-3.62
----
-0.00-0.000.00
206216.9213.26-3.66
----
-0.00-0.000.00
206316.9713.26-3.71
----
-0.00-0.000.00
206417.0213.27-3.75
----
-0.00-0.000.00
206517.0613.27-3.80
----
-0.00-0.000.00
206617.1213.27-3.84
----
-0.00-0.000.00
206717.1713.27-3.89
----
-0.00-0.000.00
206817.2213.28-3.94
----
-0.00-0.000.00
206917.2713.28-3.99
----
-0.00-0.000.00
207017.3213.28-4.04
----
-0.00-0.000.00
207117.3713.29-4.08
----
-0.00-0.000.00
207217.4113.29-4.12
----
-0.00-0.000.00
207317.4513.29-4.15
----
-0.00-0.000.00
207417.4813.29-4.18
----
-0.00-0.000.00
207517.5013.30-4.21
----
-0.00-0.000.00
207617.5213.30-4.22
----
-0.00-0.000.00
207717.5213.30-4.22
----
-0.00-0.000.00
207817.5213.30-4.22
----
-0.00-0.000.00
207917.5113.30-4.22
----
-0.00-0.000.00
208017.5113.30-4.21
----
-0.00-0.000.00
208117.5013.30-4.20
----
-0.00-0.000.00
208217.5013.30-4.20
----
-0.00-0.000.00
208317.5113.30-4.21
----
-0.00-0.000.00
208417.5213.30-4.23
----
-0.00-0.000.00
208517.5513.30-4.25
----
-0.00-0.000.00
208617.5813.30-4.28
----
-0.00-0.000.00
208717.6113.30-4.31
----
-0.00-0.000.00
208817.6513.31-4.35
----
-0.00-0.000.00
208917.7013.31-4.39
----
-0.00-0.000.00
209017.7513.31-4.44
----
-0.00-0.000.00
209117.7913.31-4.48
----
-0.00-0.000.00
209217.8413.32-4.52
----
-0.00-0.000.00



 

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 16.67% 13.84% -2.83%
2034
0.00% 0.00% -0.00%
 
1 Under current law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified July 13, 2017