Proposed Provision: Reduce benefits by 3 percent for those newly eligible for benefits in 2012 and later.

OASDI Cost Rates and Income Rates
(as a percentage of taxable payroll)

  Income Rates Cost Rates
Year Present Law Provision Present Law Provision
201112.512.513.313.3
201212.912.913.213.2
201312.912.913.213.2
201412.912.913.213.1
201512.912.913.213.2
201613.013.013.313.3
201713.013.013.513.4
201813.013.013.613.5
201913.013.013.913.7
202013.113.114.214.0
202113.113.114.514.3
202213.113.114.814.6
202313.113.115.114.9
202413.113.115.415.1
202513.113.115.715.4
202613.213.115.915.6
202713.213.216.115.8
202813.213.216.316.0
202913.213.216.516.1
203013.213.216.716.3
203113.213.216.816.4
203213.213.216.916.4
203313.213.216.916.5
203413.213.217.016.5
203513.213.217.016.6
203613.213.217.016.6
203713.213.217.016.6
203813.213.217.016.6
203913.213.217.016.5
204013.213.217.016.5
204113.213.216.916.4
204213.213.216.916.4
204313.213.216.816.4
204413.213.216.816.3
204513.213.216.816.3
204613.213.216.816.3
204713.213.216.716.2
204813.213.216.716.2
204913.213.216.716.2
205013.213.216.716.2
205113.213.216.716.2
205213.213.216.716.2
205313.213.216.716.2
205413.213.216.716.2
205513.313.216.716.2
205613.313.216.716.2
205713.313.216.816.3
205813.313.216.816.3
205913.313.216.816.3
206013.313.216.816.3
206113.313.216.816.3
206213.313.216.816.3
206313.313.216.816.3
206413.313.216.816.3
206513.313.216.916.4
206613.313.216.916.4
206713.313.216.916.4
206813.313.216.916.4
206913.313.217.016.5
207013.313.217.016.5
207113.313.217.016.5
207213.313.317.116.6
207313.313.317.116.6
207413.313.317.116.6
207513.313.317.216.7
207613.313.317.216.7
207713.313.317.216.7
207813.313.317.316.8
207913.313.317.316.8
208013.313.317.416.8
208113.313.317.416.9
208213.313.317.416.9
208313.313.317.517.0
208413.313.317.517.0
208513.313.317.617.0
208613.313.317.617.1
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