Detailed Single Year Tables

Description of Proposed Provision:
Progressive price indexing of PIA formula factors beginning with individuals newly eligible for OASDI benefits in 2015. Create new bend point at the 30th percentile of earners. Maintain current-law benefits for earners at the 30th percentile and below and reduce upper 2 formula factors (32% and 15%) such that maximum worker benefit grows by inflation rather than the growth in average wages.

Financial Estimates for the OASDI Trust Fund Program
	Percentage of taxable payroll			Trust fund ratio as of January 1
Calendar year	Cost rate	Income rate	Annual balance	Trust fund ratio as of January 1
2008	11.20	12.77	1.57	359
2009	11.26	12.81	1.54	369
2010	11.37	12.82	1.46	378
2011	11.53	12.84	1.31	386
2012	11.76	12.87	1.11	392
2013	12.03	12.90	0.87	394
2014	12.32	12.92	0.60	395
2015	12.61	12.94	0.32	393
2016	12.92	12.96	0.04	390
2017	13.22	12.98	-0.24	385
2018	13.51	13.00	-0.50	379
2019	13.79	13.02	-0.77	372
2020	14.06	13.04	-1.02	364
2021	14.32	13.06	-1.26	355
2022	14.55	13.07	-1.47	346
2023	14.77	13.09	-1.68	335
2024	14.97	13.10	-1.87	324
2025	15.16	13.12	-2.04	313
2026	15.33	13.13	-2.20	300
2027	15.48	13.14	-2.34	288
2028	15.62	13.15	-2.47	274
2029	15.74	13.16	-2.58	260
2030	15.84	13.17	-2.67	246
2031	15.90	13.17	-2.73	232
2032	15.95	13.18	-2.77	218
2033	15.97	13.18	-2.79	203
2034	15.96	13.18	-2.77	189
2035	15.93	13.18	-2.74	174
2036	15.88	13.18	-2.70	160
2037	15.82	13.18	-2.64	146
2038	15.74	13.18	-2.56	132
2039	15.65	13.17	-2.47	118
2040	15.54	13.17	-2.37	105
2041	15.43	13.17	-2.26	91
2042	15.32	13.16	-2.16	79
2043	15.20	13.16	-2.05	66
2044	15.09	13.15	-1.94	54
2045	14.98	13.15	-1.84	42
2046	14.88	13.14	-1.74	31
2047	14.78	13.14	-1.64	20
2048	14.68	13.13	-1.55	9
2049	14.59	13.13	-1.46	----
2050	14.51	13.13	-1.38	----
2051	14.43	13.12	-1.31	----
2052	14.36	13.12	-1.24	----
2053	14.29	13.12	-1.17	----
2054	14.22	13.11	-1.11	----
2055	14.16	13.11	-1.05	----
2056	14.11	13.11	-1.00	----
2057	14.06	13.11	-0.95	----
2058	14.01	13.10	-0.90	----
2059	13.96	13.10	-0.85	----
2060	13.91	13.10	-0.81	----
2061	13.86	13.10	-0.76	----
2062	13.81	13.10	-0.71	----
2063	13.76	13.09	-0.67	----
2064	13.72	13.09	-0.62	----
2065	13.67	13.09	-0.58	----
2066	13.63	13.09	-0.54	----
2067	13.59	13.09	-0.51	----
2068	13.56	13.09	-0.47	----
2069	13.52	13.08	-0.43	----
2070	13.48	13.08	-0.40	----
2071	13.45	13.08	-0.37	----
2072	13.42	13.08	-0.34	----
2073	13.39	13.08	-0.31	----
2074	13.35	13.08	-0.28	----
2075	13.32	13.08	-0.25	----
2076	13.30	13.07	-0.22	----
2077	13.27	13.07	-0.19	----
2078	13.24	13.07	-0.17	----
2079	13.22	13.07	-0.14	----
2080	13.19	13.07	-0.12	----
2081	13.17	13.07	-0.10	----
2082	13.14	13.07	-0.08	----
2083	13.12	13.07	-0.05	----
2084	13.10	13.07	-0.03	----
2085	13.07	13.06	-0.01	----

Summarized Rates
Years	Cost rate	Income rate	Actuarial balance	Change in actuarial balance

Estimates based on the Intermediate Assumptions of the 2008 Trustees Report
2008-2082	14.21%	13.86%	-0.34%	1.36%


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