Detailed Single Year Tables

Description of Proposed Provision:
Progressive price indexing (30th percentile) of PIA factors beginning with individuals newly eligible for OASI benefits in 2018: 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 grows by inflation rather than the growth in the SSA average wage index. 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. Young survivors (children of deceased workers and surviving spouses with a child in care) are not affected.

			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	14.02	12.93	-1.08	262	0.00	0.00	0.00
2019	14.14	12.94	-1.20	248	-0.01	0.00	0.01
2020	14.31	12.96	-1.36	233	-0.01	0.00	0.01
2021	14.47	12.98	-1.50	219	-0.03	0.00	0.03
2022	14.69	13.01	-1.68	204	-0.04	0.00	0.04
2023	14.93	13.03	-1.91	189	-0.07	0.00	0.07
2024	15.18	13.05	-2.13	173	-0.10	0.00	0.10
2025	15.40	13.06	-2.34	157	-0.14	-0.01	0.13
2026	15.61	13.08	-2.53	141	-0.18	-0.01	0.17
2027	15.80	13.09	-2.71	125	-0.23	-0.01	0.21
2028	15.97	13.11	-2.86	108	-0.28	-0.01	0.26
2029	16.11	13.12	-2.99	91	-0.33	-0.02	0.31
2030	16.22	13.13	-3.09	73	-0.38	-0.02	0.37
2031	16.30	13.13	-3.17	55	-0.44	-0.02	0.42
2032	16.36	13.14	-3.22	37	-0.50	-0.03	0.48
2033	16.39	13.15	-3.24	18	-0.56	-0.03	0.53
2034	16.41	13.15	-3.26	----	-0.63	-0.03	0.59
2035	16.40	13.15	-3.25	----	-0.69	-0.04	0.65
2036	16.37	13.15	-3.22	----	-0.76	-0.04	0.72
2037	16.32	13.15	-3.17	----	-0.82	-0.04	0.78
2038	16.25	13.15	-3.10	----	-0.89	-0.05	0.84
2039	16.16	13.15	-3.02	----	-0.95	-0.05	0.90
2040	16.07	13.15	-2.92	----	-1.02	-0.05	0.97
2041	15.96	13.14	-2.82	----	-1.09	-0.06	1.03
2042	15.85	13.14	-2.72	----	-1.16	-0.06	1.10
2043	15.75	13.13	-2.62	----	-1.23	-0.06	1.17
2044	15.65	13.13	-2.52	----	-1.30	-0.07	1.24
2045	15.56	13.13	-2.44	----	-1.38	-0.07	1.31
2046	15.47	13.12	-2.35	----	-1.45	-0.08	1.38
2047	15.39	13.12	-2.27	----	-1.53	-0.08	1.45
2048	15.30	13.12	-2.18	----	-1.61	-0.08	1.52
2049	15.21	13.11	-2.10	----	-1.68	-0.09	1.59
2050	15.13	13.11	-2.02	----	-1.76	-0.09	1.66
2051	15.06	13.11	-1.96	----	-1.83	-0.10	1.73
2052	15.00	13.10	-1.90	----	-1.91	-0.10	1.81
2053	14.95	13.10	-1.85	----	-1.98	-0.11	1.88
2054	14.91	13.10	-1.81	----	-2.06	-0.11	1.95
2055	14.88	13.10	-1.78	----	-2.14	-0.11	2.02
2056	14.85	13.10	-1.75	----	-2.21	-0.12	2.10
2057	14.82	13.10	-1.72	----	-2.29	-0.12	2.17
2058	14.79	13.10	-1.70	----	-2.37	-0.13	2.24
2059	14.77	13.10	-1.67	----	-2.44	-0.13	2.31
2060	14.74	13.10	-1.65	----	-2.51	-0.13	2.38
2061	14.72	13.10	-1.62	----	-2.59	-0.14	2.45
2062	14.70	13.10	-1.60	----	-2.66	-0.14	2.52
2063	14.67	13.09	-1.58	----	-2.73	-0.15	2.58
2064	14.65	13.09	-1.56	----	-2.80	-0.15	2.65
2065	14.63	13.09	-1.54	----	-2.87	-0.15	2.71
2066	14.61	13.09	-1.52	----	-2.94	-0.16	2.78
2067	14.59	13.09	-1.50	----	-3.01	-0.16	2.84
2068	14.57	13.09	-1.48	----	-3.07	-0.16	2.91
2069	14.55	13.09	-1.46	----	-3.14	-0.17	2.97
2070	14.53	13.09	-1.44	----	-3.21	-0.17	3.04
2071	14.51	13.09	-1.42	----	-3.27	-0.18	3.10
2072	14.48	13.09	-1.39	----	-3.34	-0.18	3.16
2073	14.44	13.09	-1.36	----	-3.40	-0.18	3.22
2074	14.41	13.08	-1.32	----	-3.46	-0.19	3.27
2075	14.36	13.08	-1.28	----	-3.52	-0.19	3.33
2076	14.32	13.08	-1.24	----	-3.57	-0.19	3.38
2077	14.27	13.08	-1.19	----	-3.63	-0.19	3.43
2078	14.22	13.07	-1.14	----	-3.68	-0.20	3.48
2079	14.17	13.07	-1.10	----	-3.73	-0.20	3.53
2080	14.12	13.07	-1.05	----	-3.78	-0.20	3.57
2081	14.08	13.07	-1.02	----	-3.83	-0.21	3.62
2082	14.05	13.07	-0.98	----	-3.89	-0.21	3.68
2083	14.02	13.06	-0.96	----	-3.94	-0.21	3.73
2084	14.00	13.06	-0.94	----	-4.00	-0.22	3.79
2085	13.98	13.06	-0.92	----	-4.06	-0.22	3.84
2086	13.96	13.06	-0.90	----	-4.13	-0.22	3.90
2087	13.95	13.06	-0.89	----	-4.19	-0.23	3.96
2088	13.94	13.06	-0.88	----	-4.25	-0.23	4.02
2089	13.93	13.06	-0.87	----	-4.32	-0.23	4.08

				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	15.18%	13.81%	-1.38%	2033	-1.59%	-0.08%	1.51%

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


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Detailed Single Year Tables

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates