Detailed Single Year Tables

Description of Proposed Provision:
Progressive indexing of PIA formula factors beginning with individuals newly eligible for OASI benefits in 2013, continuing through 2050, and resuming in 2071. 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 is reduced by 1.2 percent per year as compared to current law, for the years that progressive indexing applies. Disability benefits are not affected by the proposal. Disabled worker beneficiaries, upon attaining normal retirement age, would be subject to a proportional reduction in benefits based on the worker's years of disability.

			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	Trust fund ratio as of January 1	Cost rate	Income rate	Annual balance
2010	13.09	12.33	-0.76	355	0.00	0.00	0.00
2011	13.04	12.91	-0.12	353	0.00	0.00	0.00
2012	12.84	12.87	0.03	350	0.00	0.00	0.00
2013	12.82	12.90	0.08	346	0.00	0.00	0.00
2014	12.85	12.92	0.07	341	-0.01	0.00	0.01
2015	12.95	12.94	-0.02	336	-0.02	0.00	0.02
2016	13.06	12.96	-0.10	331	-0.04	0.00	0.04
2017	13.25	12.99	-0.26	326	-0.06	0.00	0.05
2018	13.47	13.01	-0.46	320	-0.08	0.00	0.08
2019	13.73	13.02	-0.71	313	-0.11	-0.01	0.10
2020	14.01	13.04	-0.97	304	-0.14	-0.01	0.13
2021	14.28	13.06	-1.22	295	-0.18	-0.01	0.17
2022	14.53	13.07	-1.46	285	-0.22	-0.01	0.20
2023	14.77	13.09	-1.68	275	-0.26	-0.01	0.24
2024	14.98	13.10	-1.88	263	-0.30	-0.02	0.29
2025	15.18	13.11	-2.07	251	-0.35	-0.02	0.33
2026	15.35	13.12	-2.23	238	-0.40	-0.02	0.38
2027	15.50	13.14	-2.36	225	-0.46	-0.02	0.43
2028	15.62	13.14	-2.48	211	-0.51	-0.03	0.48
2029	15.72	13.15	-2.57	197	-0.57	-0.03	0.54
2030	15.78	13.16	-2.62	183	-0.62	-0.03	0.59
2031	15.82	13.16	-2.66	168	-0.68	-0.04	0.65
2032	15.85	13.17	-2.68	154	-0.74	-0.04	0.70
2033	15.85	13.17	-2.68	139	-0.80	-0.04	0.76
2034	15.84	13.17	-2.66	124	-0.87	-0.05	0.82
2035	15.80	13.17	-2.63	109	-0.93	-0.05	0.88
2036	15.75	13.17	-2.58	95	-0.99	-0.05	0.94
2037	15.68	13.17	-2.51	80	-1.05	-0.06	1.00
2038	15.60	13.17	-2.43	66	-1.12	-0.06	1.05
2039	15.50	13.16	-2.34	52	-1.18	-0.06	1.11
2040	15.40	13.16	-2.24	38	-1.24	-0.07	1.17
2041	15.30	13.16	-2.14	24	-1.30	-0.07	1.23
2042	15.19	13.15	-2.04	11	-1.36	-0.08	1.28
2043	15.09	13.15	-1.94	----	-1.42	-0.08	1.34
2044	14.99	13.14	-1.85	----	-1.48	-0.08	1.40
2045	14.90	13.14	-1.76	----	-1.54	-0.09	1.46
2046	14.81	13.14	-1.67	----	-1.61	-0.09	1.52
2047	14.73	13.13	-1.59	----	-1.67	-0.09	1.58
2048	14.64	13.13	-1.51	----	-1.73	-0.10	1.64
2049	14.56	13.12	-1.43	----	-1.80	-0.10	1.69
2050	14.48	13.12	-1.36	----	-1.86	-0.10	1.75
2051	14.41	13.12	-1.29	----	-1.92	-0.11	1.81
2052	14.35	13.12	-1.23	----	-1.98	-0.11	1.87
2053	14.29	13.11	-1.18	----	-2.04	-0.11	1.93
2054	14.25	13.11	-1.13	----	-2.10	-0.12	1.98
2055	14.21	13.11	-1.10	----	-2.16	-0.12	2.04
2056	14.17	13.11	-1.06	----	-2.22	-0.13	2.09
2057	14.14	13.11	-1.03	----	-2.28	-0.13	2.15
2058	14.11	13.11	-1.00	----	-2.33	-0.13	2.20
2059	14.08	13.11	-0.98	----	-2.38	-0.13	2.24
2060	14.06	13.11	-0.95	----	-2.42	-0.14	2.29
2061	14.04	13.11	-0.94	----	-2.47	-0.14	2.33
2062	14.03	13.10	-0.92	----	-2.51	-0.14	2.36
2063	14.01	13.10	-0.91	----	-2.54	-0.14	2.40
2064	14.01	13.10	-0.90	----	-2.58	-0.15	2.43
2065	14.00	13.11	-0.90	----	-2.61	-0.15	2.46
2066	14.01	13.11	-0.90	----	-2.64	-0.15	2.49
2067	14.01	13.11	-0.91	----	-2.67	-0.15	2.52
2068	14.02	13.11	-0.91	----	-2.70	-0.15	2.55
2069	14.04	13.11	-0.93	----	-2.73	-0.16	2.57
2070	14.05	13.11	-0.94	----	-2.75	-0.16	2.60
2071	14.07	13.11	-0.96	----	-2.78	-0.16	2.62
2072	14.09	13.11	-0.98	----	-2.80	-0.16	2.64
2073	14.11	13.11	-1.00	----	-2.83	-0.16	2.66
2074	14.13	13.12	-1.02	----	-2.85	-0.16	2.69
2075	14.15	13.12	-1.04	----	-2.87	-0.16	2.71
2076	14.17	13.12	-1.06	----	-2.90	-0.17	2.73
2077	14.19	13.12	-1.07	----	-2.92	-0.17	2.76
2078	14.21	13.12	-1.09	----	-2.95	-0.17	2.78
2079	14.23	13.12	-1.10	----	-2.98	-0.17	2.81
2080	14.24	13.12	-1.12	----	-3.01	-0.17	2.84
2081	14.25	13.12	-1.13	----	-3.04	-0.17	2.87
2082	14.26	13.13	-1.13	----	-3.08	-0.18	2.90
2083	14.27	13.13	-1.14	----	-3.12	-0.18	2.94
2084	14.27	13.13	-1.15	----	-3.15	-0.18	2.97
2085	14.28	13.13	-1.15	----	-3.19	-0.18	3.01

				Summarized Estimates

	Proposal				Change from Present Law
Years	Cost rate	Income rate	Actuarial balance	Year of exhaustion¹	Cost rate	Income rate	Actuarial balance

Based on Intermediate Assumptions of the 2010 Trustees Report.
2010-2084	14.58%	13.93%	-0.65%	2042	-1.35%	-0.07%	1.27%

¹ Under present law, the year of exhaustion is 2037.


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Detailed Single Year Tables

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates