Detailed Single Year Tables

Description of Proposed Provision:
Progressive indexing (30th percentile) of PIA factors beginning with individuals newly eligible for OASI benefits in 2017, continuing through 2066: Create a new bend point at the 30th percentile of the AIME distribution of newly retired workers. Maintain current-law benefits for earners at the 30th percentile and below. Reduce the 32 and 15 percent factors above the 30th percentile such that the initial benefit for a worker with AIME equal to the taxable maximum is reduced by 1.13 percent per year as compared to current law (for the years that progressive indexing applies). 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	Trust fund ratio as of January 1	Cost rate	Income rate	Annual balance
2014	13.95	12.67	-1.29	320	0.00	0.00	0.00
2015	13.97	12.92	-1.05	306	0.00	0.00	0.00
2016	13.97	12.89	-1.08	292	0.00	0.00	0.00
2017	13.97	12.91	-1.06	277	0.00	0.00	0.00
2018	14.01	12.93	-1.08	263	0.00	0.00	0.00
2019	14.14	12.94	-1.20	248	-0.01	0.00	0.01
2020	14.32	12.96	-1.36	233	-0.01	0.00	0.01
2021	14.48	12.98	-1.50	219	-0.02	0.00	0.02
2022	14.70	13.01	-1.69	204	-0.03	0.00	0.03
2023	14.95	13.03	-1.92	189	-0.05	0.00	0.05
2024	15.20	13.05	-2.15	173	-0.07	0.00	0.07
2025	15.44	13.07	-2.38	156	-0.10	0.00	0.09
2026	15.66	13.08	-2.58	140	-0.13	-0.01	0.12
2027	15.87	13.10	-2.77	123	-0.16	-0.01	0.15
2028	16.05	13.11	-2.94	106	-0.20	-0.01	0.19
2029	16.20	13.12	-3.08	89	-0.24	-0.01	0.22
2030	16.33	13.13	-3.19	71	-0.28	-0.01	0.26
2031	16.42	13.14	-3.28	52	-0.32	-0.02	0.31
2032	16.49	13.15	-3.35	33	-0.37	-0.02	0.35
2033	16.53	13.15	-3.38	13	-0.42	-0.02	0.40
2034	16.56	13.16	-3.41	----	-0.47	-0.02	0.45
2035	16.57	13.16	-3.41	----	-0.52	-0.03	0.50
2036	16.55	13.16	-3.39	----	-0.58	-0.03	0.55
2037	16.51	13.16	-3.35	----	-0.64	-0.03	0.60
2038	16.45	13.16	-3.28	----	-0.69	-0.04	0.66
2039	16.37	13.16	-3.21	----	-0.75	-0.04	0.71
2040	16.28	13.16	-3.12	----	-0.81	-0.04	0.77
2041	16.18	13.15	-3.03	----	-0.87	-0.05	0.82
2042	16.08	13.15	-2.93	----	-0.93	-0.05	0.88
2043	15.98	13.15	-2.84	----	-1.00	-0.05	0.94
2044	15.89	13.14	-2.75	----	-1.06	-0.06	1.01
2045	15.81	13.14	-2.67	----	-1.13	-0.06	1.07
2046	15.73	13.14	-2.59	----	-1.20	-0.06	1.14
2047	15.64	13.13	-2.51	----	-1.27	-0.07	1.21
2048	15.56	13.13	-2.43	----	-1.35	-0.07	1.27
2049	15.47	13.13	-2.35	----	-1.42	-0.07	1.34
2050	15.40	13.12	-2.28	----	-1.49	-0.08	1.41
2051	15.33	13.12	-2.21	----	-1.56	-0.08	1.48
2052	15.27	13.12	-2.16	----	-1.64	-0.09	1.55
2053	15.22	13.12	-2.11	----	-1.71	-0.09	1.62
2054	15.18	13.11	-2.07	----	-1.79	-0.09	1.69
2055	15.15	13.11	-2.03	----	-1.87	-0.10	1.77
2056	15.12	13.11	-2.00	----	-1.94	-0.10	1.84
2057	15.09	13.11	-1.98	----	-2.02	-0.11	1.91
2058	15.06	13.11	-1.95	----	-2.10	-0.11	1.99
2059	15.03	13.11	-1.92	----	-2.18	-0.12	2.06
2060	15.01	13.11	-1.90	----	-2.25	-0.12	2.13
2061	14.98	13.11	-1.87	----	-2.33	-0.12	2.20
2062	14.95	13.11	-1.85	----	-2.40	-0.13	2.27
2063	14.93	13.11	-1.82	----	-2.47	-0.13	2.34
2064	14.90	13.11	-1.80	----	-2.54	-0.14	2.41
2065	14.88	13.11	-1.77	----	-2.62	-0.14	2.48
2066	14.86	13.11	-1.75	----	-2.69	-0.14	2.54
2067	14.84	13.10	-1.73	----	-2.76	-0.15	2.61
2068	14.82	13.10	-1.71	----	-2.83	-0.15	2.68
2069	14.79	13.10	-1.69	----	-2.90	-0.16	2.74
2070	14.77	13.10	-1.67	----	-2.97	-0.16	2.81
2071	14.75	13.10	-1.65	----	-3.03	-0.16	2.87
2072	14.72	13.10	-1.62	----	-3.10	-0.17	2.93
2073	14.69	13.10	-1.59	----	-3.15	-0.17	2.99
2074	14.66	13.10	-1.56	----	-3.21	-0.17	3.04
2075	14.62	13.10	-1.53	----	-3.26	-0.18	3.08
2076	14.59	13.09	-1.49	----	-3.30	-0.18	3.13
2077	14.55	13.09	-1.46	----	-3.35	-0.18	3.17
2078	14.51	13.09	-1.42	----	-3.38	-0.18	3.20
2079	14.48	13.09	-1.39	----	-3.42	-0.18	3.23
2080	14.45	13.09	-1.37	----	-3.45	-0.19	3.26
2081	14.43	13.09	-1.35	----	-3.48	-0.19	3.29
2082	14.42	13.09	-1.34	----	-3.51	-0.19	3.32
2083	14.42	13.09	-1.33	----	-3.55	-0.19	3.35
2084	14.42	13.09	-1.34	----	-3.58	-0.19	3.38
2085	14.43	13.09	-1.35	----	-3.61	-0.19	3.41
2086	14.45	13.09	-1.36	----	-3.64	-0.20	3.44
2087	14.47	13.09	-1.38	----	-3.67	-0.20	3.47
2088	14.50	13.09	-1.40	----	-3.70	-0.20	3.50
2089	14.52	13.09	-1.43	----	-3.72	-0.20	3.52

				Summarized Estimates

	Proposal				Change from Present Law
Years	Cost rate	Income rate	Actuarial balance	Year of reserve depletion¹	Cost rate	Income rate	Actuarial balance

Based on Intermediate Assumptions of the 2014 Trustees Report.
2014-2088	15.37%	13.82%	-1.56%	2033	-1.40%	-0.07%	1.32%

¹ Under present law, the year of Trust Fund reserve depletion is 2033.


	Privacy Policy \| Website Policies & Other Important Information \| Site Map Last reviewed or modified September 18, 2014

Detailed Single Year Tables

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates