Detailed Single Year Tables

Level of Monthly Benefits	Description of Proposed Provision: Price indexing of PIA formula factors beginning with those newly eligible for OASDI benefits in 2018: Reduce PIA formula factors so that initial benefits grow by inflation rather than by increases in real wages.

			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
2011	13.35	12.52	-0.82	353	0.00	0.00	0.00
2012	13.23	12.87	-0.36	347	0.00	0.00	0.00
2013	13.18	12.87	-0.31	341	0.00	0.00	0.00
2014	13.18	12.92	-0.27	334	0.00	0.00	0.00
2015	13.24	12.94	-0.30	328	0.00	0.00	0.00
2016	13.33	12.97	-0.36	321	0.00	0.00	0.00
2017	13.46	13.00	-0.46	314	0.00	0.00	0.00
2018	13.61	13.03	-0.59	306	0.00	0.00	0.00
2019	13.87	13.04	-0.82	296	-0.01	0.00	0.01
2020	14.16	13.06	-1.10	285	-0.03	0.00	0.03
2021	14.45	13.08	-1.38	273	-0.06	0.00	0.06
2022	14.72	13.09	-1.63	261	-0.10	0.00	0.10
2023	14.97	13.11	-1.86	249	-0.16	-0.01	0.15
2024	15.19	13.12	-2.07	236	-0.22	-0.01	0.21
2025	15.39	13.14	-2.25	222	-0.29	-0.01	0.27
2026	15.56	13.15	-2.41	208	-0.36	-0.02	0.35
2027	15.70	13.16	-2.54	194	-0.45	-0.02	0.43
2028	15.81	13.16	-2.64	180	-0.54	-0.03	0.51
2029	15.89	13.17	-2.71	165	-0.63	-0.03	0.60
2030	15.93	13.18	-2.75	150	-0.73	-0.04	0.69
2031	15.93	13.18	-2.75	135	-0.83	-0.04	0.79
2032	15.91	13.18	-2.73	119	-0.94	-0.05	0.89
2033	15.88	13.18	-2.69	104	-1.05	-0.05	1.00
2034	15.81	13.18	-2.63	89	-1.17	-0.06	1.11
2035	15.73	13.18	-2.55	74	-1.29	-0.06	1.22
2036	15.63	13.18	-2.45	60	-1.41	-0.07	1.34
2037	15.51	13.17	-2.34	46	-1.53	-0.08	1.46
2038	15.36	13.16	-2.20	32	-1.66	-0.08	1.57
2039	15.20	13.16	-2.05	18	-1.79	-0.09	1.69
2040	15.04	13.15	-1.89	5	-1.92	-0.10	1.82
2041	14.86	13.14	-1.72	----	-2.05	-0.10	1.94
2042	14.69	13.13	-1.55	----	-2.18	-0.11	2.07
2043	14.51	13.13	-1.39	----	-2.32	-0.12	2.21
2044	14.34	13.12	-1.23	----	-2.47	-0.13	2.34
2045	14.17	13.11	-1.06	----	-2.61	-0.13	2.48
2046	14.00	13.10	-0.89	----	-2.76	-0.14	2.62
2047	13.83	13.09	-0.73	----	-2.91	-0.15	2.76
2048	13.66	13.09	-0.57	----	-3.06	-0.16	2.90
2049	13.49	13.08	-0.41	----	-3.21	-0.17	3.04
2050	13.33	13.07	-0.26	----	-3.36	-0.17	3.19
2051	13.17	13.06	-0.11	----	-3.51	-0.18	3.33
2052	13.02	13.05	0.04	----	-3.66	-0.19	3.47
2053	12.88	13.05	0.17	----	-3.81	-0.20	3.61
2054	12.74	13.04	0.30	----	-3.96	-0.21	3.76
2055	12.60	13.03	0.43	----	-4.11	-0.22	3.90
2056	12.48	13.03	0.55	----	-4.26	-0.22	4.04
2057	12.35	13.02	0.67	----	-4.41	-0.23	4.18
2058	12.22	13.02	0.79	----	-4.56	-0.24	4.32
2059	12.10	13.01	0.91	----	-4.70	-0.25	4.45
2060	11.97	13.00	1.03	----	-4.83	-0.25	4.58
2061	11.85	13.00	1.15	----	-4.97	-0.26	4.71
2062	11.72	12.99	1.27	----	-5.10	-0.27	4.83
2063	11.60	12.99	1.38	----	-5.23	-0.28	4.96
2064	11.49	12.98	1.49	----	-5.36	-0.28	5.08
2065	11.37	12.97	1.60	----	-5.49	-0.29	5.20
2066	11.27	12.97	1.70	----	-5.62	-0.30	5.33
2067	11.16	12.96	1.80	3	-5.75	-0.31	5.45
2068	11.06	12.96	1.90	19	-5.88	-0.31	5.57
2069	10.96	12.95	2.00	37	-6.02	-0.32	5.70
2070	10.86	12.95	2.09	56	-6.15	-0.33	5.82
2071	10.76	12.94	2.18	76	-6.27	-0.33	5.94
2072	10.66	12.94	2.28	98	-6.40	-0.34	6.06
2073	10.57	12.93	2.36	122	-6.53	-0.35	6.19
2074	10.48	12.93	2.45	147	-6.66	-0.35	6.31
2075	10.39	12.92	2.54	173	-6.79	-0.36	6.43
2076	10.30	12.92	2.62	202	-6.92	-0.37	6.55
2077	10.21	12.92	2.71	232	-7.04	-0.38	6.67
2078	10.12	12.91	2.79	263	-7.17	-0.38	6.79
2079	10.03	12.91	2.88	297	-7.30	-0.39	6.91
2080	9.94	12.90	2.96	332	-7.42	-0.40	7.02
2081	9.85	12.90	3.04	369	-7.55	-0.40	7.14
2082	9.77	12.89	3.12	408	-7.67	-0.41	7.26
2083	9.68	12.89	3.21	449	-7.79	-0.42	7.38
2084	9.60	12.88	3.28	491	-7.92	-0.42	7.49
2085	9.52	12.88	3.36	536	-8.04	-0.43	7.61
2086	9.43	12.88	3.44	583	-8.16	-0.44	7.72

				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	13.50%	13.88%	0.38%	2040	-2.74%	-0.14%	2.60%

¹ Under present law, the year of exhaustion is 2036.


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Detailed Single Year Tables

Description of Proposed Provision: Price indexing of PIA formula factors beginning with those newly eligible for OASDI benefits in 2018: Reduce PIA formula factors so that initial benefits grow by inflation rather than by increases in real wages.

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates

Description of Proposed Provision:
Price indexing of PIA formula factors beginning with those newly eligible for OASDI benefits in 2018: Reduce PIA formula factors so that initial benefits grow by inflation rather than by increases in real wages.