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Detailed Single Year Tables

Description of Proposed Provision:
After the normal retirement age (NRA) reaches age 67, index NRA to maintain a constant ratio of life expectancy at NRA to potential work years (NRA-20) and maintain the earliest eligibility age (EEA) at 5 years less than the normal retirement age in the future. Also, include a hardship exemption with no EEA/NRA change if a worker has 25 years of earnings of at least the level needed for 4 quarters of coverage, and average indexed monthly earnings (AIME) less than 250% of the individual aged Federal poverty level (wage-indexed from 2009). The hardship exemption is phased out for those with AIME above 400% of the poverty level.

 

Financial Estimates for the OASDI Trust Fund Program

 
  Proposal
  Change from Present Law
  Expressed as a percentage of
present-law taxable payroll

Trust fund
ratio as of
January 1
Expressed as a percentage of
present-law taxable payroll
Calendar
year
Cost
rate
Income
rate
Annual
balance

Cost
rate
Income
rate
Annual
balance
201013.0912.33-0.76
355
0.000.000.00
201113.0412.91-0.12
353
0.000.000.00
201212.8412.870.03
350
0.000.000.00
201312.8212.900.08
346
0.000.000.00
201412.8612.920.06
341
0.000.000.00
201512.9812.94-0.04
335
0.000.000.00
201613.1012.96-0.14
330
0.000.000.00
201713.3012.99-0.32
324
0.000.000.00
201813.5513.01-0.53
317
0.000.000.00
201913.8413.03-0.81
309
0.000.000.00
202014.1513.05-1.10
299
0.000.000.00
202114.4513.07-1.39
289
0.000.000.00
202214.7513.08-1.66
277
0.000.000.00
202315.0213.10-1.92
265
0.000.000.00
202415.2813.12-2.16
251
-0.010.000.01
202515.5213.13-2.39
237
-0.010.000.01
202615.7413.15-2.59
222
-0.020.000.02
202715.9313.16-2.77
206
-0.020.000.03
202816.1013.17-2.92
189
-0.030.000.04
202916.2413.18-3.06
173
-0.040.000.05
203016.3513.19-3.16
155
-0.050.000.06
203116.4413.20-3.24
137
-0.060.000.07
203216.5113.21-3.30
119
-0.080.000.08
203316.5713.22-3.35
101
-0.090.000.09
203416.6013.22-3.37
82
-0.110.000.11
203516.6113.23-3.38
63
-0.120.000.12
203616.6013.23-3.37
44
-0.140.000.14
203716.5813.23-3.35
25
-0.150.000.16
203816.5413.23-3.31
5
-0.170.000.17
203916.4913.23-3.26
----
-0.190.000.19
204016.4413.23-3.21
----
-0.210.000.21
204116.3713.23-3.14
----
-0.220.000.22
204216.3113.23-3.08
----
-0.240.000.24
204316.2513.23-3.03
----
-0.260.000.26
204416.2013.23-2.97
----
-0.280.000.28
204516.1513.23-2.92
----
-0.300.000.30
204616.1113.23-2.88
----
-0.310.000.31
204716.0713.23-2.84
----
-0.330.000.33
204816.0213.23-2.80
----
-0.350.000.35
204915.9813.23-2.75
----
-0.370.000.37
205015.9413.23-2.71
----
-0.400.000.40
205115.9013.23-2.67
----
-0.430.000.43
205215.8713.23-2.64
----
-0.450.000.45
205315.8513.23-2.63
----
-0.480.000.48
205415.8513.23-2.62
----
-0.500.000.50
205515.8513.23-2.62
----
-0.520.000.52
205615.8613.23-2.62
----
-0.540.000.53
205715.8613.24-2.63
----
-0.550.000.55
205815.8713.24-2.63
----
-0.570.000.57
205915.8713.24-2.63
----
-0.590.000.59
206015.8713.24-2.63
----
-0.610.000.61
206115.8813.24-2.63
----
-0.630.000.63
206215.8813.25-2.63
----
-0.650.000.65
206315.8813.25-2.64
----
-0.680.000.67
206415.8913.25-2.64
----
-0.700.000.69
206515.9013.25-2.65
----
-0.720.000.72
206615.9113.25-2.66
----
-0.740.000.73
206715.9313.26-2.67
----
-0.760.000.75
206815.9513.26-2.69
----
-0.780.000.77
206915.9713.26-2.70
----
-0.800.000.80
207015.9813.26-2.72
----
-0.820.000.82
207116.0013.27-2.73
----
-0.850.000.85
207216.0113.27-2.74
----
-0.880.000.87
207316.0313.27-2.76
----
-0.900.000.90
207416.0513.28-2.78
----
-0.930.000.92
207516.0813.28-2.80
----
-0.950.000.95
207616.1113.28-2.83
----
-0.960.000.96
207716.1313.28-2.85
----
-0.980.000.98
207816.1513.29-2.87
----
-1.010.001.00
207916.1713.29-2.88
----
-1.040.001.03
208016.1813.29-2.89
----
-1.070.001.07
208116.1613.30-2.87
----
-1.130.001.13
208216.1713.30-2.87
----
-1.170.001.17
208316.1913.30-2.88
----
-1.200.001.19
208416.2113.31-2.90
----
-1.220.001.22
208516.2213.31-2.91
----
-1.250.001.24



 

Summarized Estimates

 
  Proposal
  Change from Present Law
Years Cost
rate
Income
rate
Actuarial
balance

Year of
exhaustion
1

Cost
rate
Income
rate
Actuarial
balance
 
Based on Intermediate Assumptions of the 2010 Trustees Report.
2010-2084 15.59% 14.01% -1.58%
2038
-0.34% -0.00% 0.34%
 
1 Under present law, the year of exhaustion is 2037.

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Last reviewed or modified March 17, 2011