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Detailed Single Year Tables

Description of Proposed Provision:
Increase the normal retirement age (NRA) and the earliest eligibility age (EEA) for those age 62 in 2020-21 to 68 and 63, respectively and then by 3 months per year in 2022-25 to 69 and 64, respectively.

 

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
201313.9512.69-1.26
330
0.000.000.00
201414.0412.83-1.20
315
0.000.000.00
201513.9712.86-1.10
301
0.000.000.00
201613.9112.88-1.03
286
0.000.000.00
201713.8812.90-0.98
271
0.000.000.00
201813.9112.93-0.98
257
0.000.000.00
201914.0612.95-1.11
244
0.000.000.00
202014.2512.97-1.28
231
-0.010.000.01
202114.3513.00-1.35
219
-0.100.010.10
202214.5113.03-1.47
207
-0.200.010.21
202314.6613.05-1.61
195
-0.310.010.32
202414.8113.07-1.74
183
-0.420.010.43
202514.9413.08-1.86
170
-0.530.010.54
202615.0213.09-1.93
159
-0.690.010.69
202715.1213.11-2.02
147
-0.810.010.81
202815.2413.12-2.12
135
-0.900.010.91
202915.3613.13-2.23
122
-0.970.010.97
203015.4813.14-2.34
108
-1.020.001.02
203115.6113.14-2.46
94
-1.030.001.03
203215.7213.15-2.57
80
-1.040.001.04
203315.8113.16-2.66
64
-1.040.001.04
203415.8913.16-2.73
48
-1.050.001.05
203515.9313.16-2.77
32
-1.050.001.05
203615.9613.16-2.80
15
-1.040.001.04
203715.9813.16-2.81
----
-1.05-0.011.04
203815.9713.16-2.80
----
-1.05-0.011.04
203915.9313.16-2.77
----
-1.06-0.011.05
204015.8913.16-2.73
----
-1.07-0.011.06
204115.8413.16-2.68
----
-1.09-0.011.08
204215.7913.16-2.63
----
-1.10-0.011.09
204315.7413.16-2.59
----
-1.12-0.011.11
204415.7113.16-2.55
----
-1.14-0.011.12
204515.6813.16-2.52
----
-1.15-0.011.14
204615.6513.16-2.50
----
-1.16-0.011.15
204715.6313.15-2.48
----
-1.18-0.011.16
204815.6013.15-2.45
----
-1.19-0.011.17
204915.5913.16-2.43
----
-1.20-0.011.18
205015.5813.16-2.42
----
-1.21-0.021.19
205115.5713.16-2.42
----
-1.22-0.021.20
205215.5813.16-2.42
----
-1.23-0.021.21
205315.6013.16-2.44
----
-1.23-0.021.22
205415.6313.16-2.47
----
-1.24-0.021.22
205515.6713.17-2.51
----
-1.24-0.021.22
205615.7213.17-2.56
----
-1.23-0.011.22
205715.7713.17-2.60
----
-1.23-0.011.21
205815.8213.17-2.65
----
-1.23-0.011.21
205915.8713.18-2.69
----
-1.22-0.011.21
206015.9213.18-2.74
----
-1.22-0.011.21
206115.9613.18-2.78
----
-1.22-0.021.21
206216.0013.18-2.82
----
-1.22-0.021.21
206316.0513.19-2.86
----
-1.22-0.021.21
206416.0913.19-2.90
----
-1.22-0.021.21
206516.1313.19-2.94
----
-1.23-0.021.21
206616.1713.19-2.98
----
-1.23-0.021.22
206716.2113.20-3.01
----
-1.24-0.021.22
206816.2513.20-3.05
----
-1.25-0.021.23
206916.2913.20-3.09
----
-1.25-0.021.23
207016.3313.20-3.13
----
-1.25-0.021.24
207116.3713.21-3.16
----
-1.25-0.021.24
207216.4013.21-3.19
----
-1.25-0.021.24
207316.4313.21-3.22
----
-1.26-0.021.24
207416.4513.21-3.24
----
-1.26-0.021.24
207516.4613.21-3.25
----
-1.26-0.021.24
207616.4713.21-3.25
----
-1.27-0.021.25
207716.4713.21-3.26
----
-1.27-0.021.25
207816.4713.21-3.26
----
-1.27-0.021.25
207916.4813.21-3.26
----
-1.27-0.021.25
208016.4913.21-3.27
----
-1.27-0.021.25
208116.5113.21-3.29
----
-1.27-0.021.25
208216.5313.22-3.32
----
-1.27-0.021.25
208316.5613.22-3.35
----
-1.27-0.021.25
208416.6013.22-3.38
----
-1.27-0.021.25
208516.6513.22-3.42
----
-1.27-0.021.25
208616.6913.23-3.47
----
-1.27-0.021.25
208716.7413.23-3.51
----
-1.27-0.021.25
208816.7913.23-3.56
----
-1.27-0.021.25



 

Summarized Estimates

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

Year of reserve
depletion
1

Cost
rate
Income
rate
Actuarial
balance
 
Based on Intermediate Assumptions of the 2013 Trustees Report.
2013-2087 15.67% 13.87% -1.80%
2036
-0.92% -0.01% 0.92%
 
1 Under present law, the year of Trust Fund reserve depletion is 2033.

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Last reviewed or modified September 11, 2013