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Detailed Single Year Tables

Description of Proposed Provision:
B7.11: Beginning in January 2020, 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
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
202014.1312.98-1.15
254
0.270.01-0.26
202114.2713.01-1.26
239
0.250.01-0.24
202214.5013.04-1.46
223
0.240.01-0.23
202314.7813.06-1.72
207
0.230.01-0.22
202415.0513.10-1.96
190
0.230.01-0.21
202515.3213.12-2.20
173
0.220.01-0.20
202615.5913.15-2.44
155
0.210.01-0.20
202715.8213.16-2.65
137
0.200.01-0.19
202816.0313.18-2.85
118
0.170.01-0.16
202916.2113.19-3.02
100
0.150.01-0.14
203016.3913.20-3.18
81
0.120.01-0.11
203116.5513.21-3.33
62
0.100.01-0.09
203216.6913.22-3.46
43
0.080.01-0.07
203316.8113.23-3.57
23
0.070.01-0.06
203416.9013.24-3.66
2
0.050.00-0.05
203516.9613.24-3.72
----
0.040.00-0.03
203617.0113.25-3.76
----
0.020.00-0.02
203717.0213.25-3.77
----
-0.000.000.00
203817.0013.25-3.75
----
-0.020.000.02
203916.9713.25-3.72
----
-0.03-0.000.03
204016.9213.25-3.67
----
-0.04-0.000.04
204116.8713.24-3.62
----
-0.05-0.000.04
204216.8113.24-3.57
----
-0.05-0.000.05
204316.7513.24-3.51
----
-0.05-0.000.05
204416.7013.24-3.47
----
-0.06-0.000.05
204516.6613.23-3.42
----
-0.06-0.000.06
204616.6113.23-3.38
----
-0.06-0.000.06
204716.5813.23-3.34
----
-0.07-0.000.07
204816.5413.23-3.31
----
-0.08-0.000.07
204916.5113.23-3.28
----
-0.08-0.000.08
205016.4813.23-3.26
----
-0.08-0.000.08
205116.4713.23-3.24
----
-0.08-0.000.08
205216.4713.23-3.24
----
-0.08-0.000.08
205316.4913.23-3.26
----
-0.08-0.000.08
205416.5113.23-3.27
----
-0.08-0.000.08
205516.5413.23-3.30
----
-0.08-0.000.08
205616.5713.24-3.33
----
-0.09-0.000.08
205716.6013.24-3.37
----
-0.09-0.000.09
205816.6413.24-3.40
----
-0.10-0.000.09
205916.6813.25-3.44
----
-0.10-0.000.10
206016.7213.25-3.47
----
-0.11-0.000.10
206116.7613.25-3.51
----
-0.11-0.000.11
206216.8113.25-3.56
----
-0.11-0.000.11
206316.8613.26-3.60
----
-0.11-0.010.11
206416.9013.26-3.64
----
-0.11-0.010.11
206516.9513.26-3.69
----
-0.12-0.010.11
206617.0013.27-3.73
----
-0.12-0.010.11
206717.0513.27-3.78
----
-0.12-0.010.11
206817.1013.27-3.83
----
-0.12-0.010.11
206917.1513.28-3.88
----
-0.12-0.010.11
207017.2113.28-3.93
----
-0.12-0.010.11
207117.2513.28-3.97
----
-0.12-0.010.12
207217.2913.28-4.00
----
-0.12-0.010.12
207317.3213.29-4.03
----
-0.13-0.010.12
207417.3413.29-4.06
----
-0.13-0.010.13
207517.3613.29-4.07
----
-0.14-0.010.13
207617.3713.29-4.08
----
-0.15-0.010.14
207717.3813.29-4.08
----
-0.15-0.010.14
207817.3713.29-4.08
----
-0.15-0.010.14
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
----
-0.14-0.010.14
208317.3713.29-4.08
----
-0.14-0.010.13
208417.3913.29-4.10
----
-0.14-0.010.13
208517.4213.29-4.12
----
-0.13-0.010.13
208617.4513.30-4.15
----
-0.13-0.010.13
208717.4913.30-4.19
----
-0.13-0.010.12
208817.5313.30-4.23
----
-0.13-0.010.13
208917.5713.30-4.27
----
-0.13-0.010.13
209017.6113.31-4.31
----
-0.14-0.010.13
209117.6613.31-4.35
----
-0.14-0.010.13
209217.7013.31-4.39
----
-0.14-0.010.13



 

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 16.64% 13.84% -2.80%
2034
-0.02% -0.00% 0.02%
 
1 Under current law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified July 13, 2017