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Detailed Single Year Tables
Level of Monthly Benefits

Description of Proposed Provision:
Progressive price indexing (50th percentile) of PIA formula factors for individuals newly eligible for OASI benefits in 2016 through 2055: Create a new bend point at the 50th percentile of the AIME distribution of newly retired workers. Maintain current-law benefit credit for earners at the 50th percentile and below. Reduce the 32 and 15 formula factors above the 50th percentile such that the initial benefit for a worker with AIME equal to the taxable maximum grows by inflation rather than the growth in average wages. Disabled workers are: (a) not affected prior to normal retirement age; and (b) subject to a proportional reduction in benefits, based on the worker's years of disability, upon conversion to retired worker beneficiary status.

 

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
201113.3512.52-0.82
353
0.000.000.00
201213.2312.87-0.36
347
0.000.000.00
201313.1812.87-0.31
341
0.000.000.00
201413.1812.92-0.27
334
0.000.000.00
201513.2412.94-0.30
328
0.000.000.00
201613.3212.97-0.35
321
0.000.000.00
201713.4613.00-0.46
314
0.000.000.00
201813.6113.03-0.58
306
-0.010.000.01
201913.8613.04-0.82
296
-0.020.000.02
202014.1613.06-1.11
285
-0.030.000.03
202114.4713.08-1.39
273
-0.050.000.05
202214.7613.09-1.66
261
-0.070.000.07
202315.0313.11-1.91
247
-0.10-0.010.09
202415.2713.13-2.15
234
-0.13-0.010.12
202515.5113.14-2.37
219
-0.16-0.010.16
202615.7213.15-2.57
204
-0.20-0.010.19
202715.9113.16-2.74
189
-0.24-0.010.23
202816.0713.18-2.89
173
-0.28-0.020.26
202916.2013.18-3.01
156
-0.32-0.020.30
203016.2913.19-3.10
139
-0.36-0.020.34
203116.3613.20-3.16
121
-0.40-0.020.38
203216.4113.20-3.20
104
-0.45-0.020.42
203316.4413.21-3.23
86
-0.49-0.030.47
203416.4413.21-3.23
67
-0.54-0.030.51
203516.4313.21-3.22
49
-0.59-0.030.55
203616.4013.21-3.19
30
-0.63-0.030.60
203716.3613.21-3.15
12
-0.68-0.040.64
203816.2913.21-3.08
----
-0.73-0.040.69
203916.2113.21-3.01
----
-0.78-0.040.73
204016.1313.20-2.93
----
-0.82-0.050.78
204116.0413.20-2.84
----
-0.87-0.050.82
204215.9513.19-2.76
----
-0.92-0.050.87
204315.8713.19-2.68
----
-0.97-0.050.91
204415.8013.19-2.61
----
-1.02-0.060.96
204515.7213.18-2.54
----
-1.07-0.061.01
204615.6513.18-2.46
----
-1.11-0.061.05
204715.5813.18-2.40
----
-1.16-0.071.10
204815.5113.18-2.33
----
-1.21-0.071.14
204915.4413.17-2.27
----
-1.26-0.071.19
205015.3813.17-2.21
----
-1.30-0.071.23
205115.3313.17-2.16
----
-1.35-0.081.27
205215.2813.17-2.12
----
-1.40-0.081.32
205315.2413.16-2.08
----
-1.44-0.081.36
205415.2113.16-2.05
----
-1.49-0.081.41
205515.1813.16-2.02
----
-1.54-0.091.45
205615.1613.16-1.99
----
-1.59-0.091.50
205715.1313.16-1.97
----
-1.63-0.091.54
205815.1013.16-1.94
----
-1.68-0.101.58
205915.0813.16-1.92
----
-1.72-0.101.62
206015.0413.16-1.89
----
-1.76-0.101.66
206115.0213.16-1.86
----
-1.80-0.101.70
206214.9913.16-1.83
----
-1.83-0.101.73
206314.9713.16-1.81
----
-1.87-0.111.76
206414.9513.16-1.79
----
-1.90-0.111.79
206514.9413.15-1.78
----
-1.93-0.111.82
206614.9313.15-1.77
----
-1.96-0.111.85
206714.9313.15-1.77
----
-1.99-0.111.87
206814.9313.16-1.77
----
-2.01-0.121.90
206914.9313.16-1.78
----
-2.04-0.121.92
207014.9413.16-1.78
----
-2.06-0.121.94
207114.9513.16-1.79
----
-2.08-0.121.97
207214.9613.16-1.80
----
-2.10-0.121.98
207314.9813.16-1.82
----
-2.13-0.122.00
207415.0013.16-1.84
----
-2.14-0.122.02
207515.0213.16-1.86
----
-2.16-0.122.04
207615.0413.16-1.87
----
-2.18-0.122.05
207715.0613.17-1.89
----
-2.19-0.132.07
207815.0813.17-1.91
----
-2.20-0.132.08
207915.1113.17-1.94
----
-2.22-0.132.09
208015.1313.17-1.96
----
-2.23-0.132.10
208115.1613.17-1.99
----
-2.24-0.132.11
208215.1913.17-2.01
----
-2.25-0.132.12
208315.2213.18-2.04
----
-2.26-0.132.13
208415.2513.18-2.07
----
-2.27-0.132.14
208515.2813.18-2.10
----
-2.28-0.132.14
208615.3113.18-2.13
----
-2.28-0.132.15



 

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 2011 Trustees Report.
2011-2085 15.27% 13.97% -1.30%
2037
-0.98% -0.05% 0.92%
 
1 Under present law, the year of exhaustion is 2036.

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Last reviewed or modified December 21, 2011