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Detailed Single Year Tables
Level of Monthly Benefits

Description of Proposed Provision:
B1.4: Progressive price indexing (50th percentile) of PIA factors beginning with individuals newly eligible for OASDI benefits in 2023: Create a new bend point at the 50th percentile of the AIME distribution of newly retired workers. Maintain current-law benefits for earners at the 50th percentile and below. Reduce the 32 and 15 percent 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 the SSA average wage index.

 

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
201614.0512.94-1.10
303
0.000.000.00
201713.7212.92-0.80
293
0.000.000.00
201813.8612.96-0.90
277
0.000.000.00
201913.9912.97-1.02
262
0.000.000.00
202014.1312.98-1.15
246
0.000.000.00
202114.2713.00-1.27
231
0.000.000.00
202214.4913.03-1.46
216
0.000.000.00
202314.7613.06-1.70
200
0.000.000.00
202415.0213.09-1.93
183
0.000.000.00
202515.2813.11-2.17
166
-0.010.000.01
202615.4613.13-2.33
149
-0.010.000.01
202715.6313.14-2.49
132
-0.020.000.02
202815.7813.15-2.63
115
-0.030.000.03
202915.9213.17-2.76
99
-0.040.000.04
203016.0413.18-2.86
82
-0.060.000.06
203116.1413.19-2.95
65
-0.080.000.08
203216.2213.19-3.02
47
-0.11-0.010.10
203316.2713.20-3.07
30
-0.14-0.010.13
203416.3013.20-3.09
11
-0.17-0.010.16
203516.2913.21-3.09
----
-0.20-0.010.19
203616.3213.21-3.11
----
-0.24-0.010.23
203716.3213.21-3.11
----
-0.28-0.010.26
203816.3013.21-3.08
----
-0.32-0.020.30
203916.2513.21-3.04
----
-0.36-0.020.34
204016.1913.21-2.98
----
-0.40-0.020.38
204116.1113.21-2.90
----
-0.45-0.020.43
204216.0413.21-2.83
----
-0.50-0.030.47
204315.9513.20-2.75
----
-0.54-0.030.52
204415.8713.20-2.67
----
-0.59-0.030.56
204515.8013.20-2.61
----
-0.65-0.030.61
204615.7313.19-2.53
----
-0.70-0.040.66
204715.6513.19-2.46
----
-0.75-0.040.71
204815.5713.19-2.39
----
-0.81-0.040.77
204915.5013.18-2.32
----
-0.87-0.050.82
205015.4313.18-2.25
----
-0.92-0.050.87
205115.3813.18-2.20
----
-0.98-0.050.93
205215.3313.18-2.15
----
-1.04-0.060.99
205315.2913.18-2.11
----
-1.10-0.061.04
205415.2613.18-2.08
----
-1.17-0.061.10
205515.2313.18-2.06
----
-1.23-0.071.16
205615.2113.18-2.04
----
-1.29-0.071.22
205715.2013.18-2.02
----
-1.36-0.071.28
205815.1913.18-2.01
----
-1.42-0.081.34
205915.1713.18-2.00
----
-1.48-0.081.40
206015.1613.18-1.99
----
-1.54-0.081.46
206115.1513.18-1.97
----
-1.61-0.091.52
206215.1413.18-1.96
----
-1.67-0.091.57
206315.1313.18-1.95
----
-1.73-0.101.63
206415.1213.18-1.94
----
-1.78-0.101.69
206515.1113.18-1.93
----
-1.84-0.101.74
206615.1113.18-1.93
----
-1.90-0.111.80
206715.1013.18-1.92
----
-1.96-0.111.85
206815.0913.18-1.92
----
-2.02-0.111.91
206915.0913.18-1.91
----
-2.08-0.121.96
207015.0913.18-1.91
----
-2.13-0.122.01
207115.0813.18-1.90
----
-2.19-0.122.07
207215.0713.18-1.89
----
-2.24-0.122.11
207315.0513.18-1.87
----
-2.29-0.132.16
207415.0313.18-1.86
----
-2.34-0.132.21
207515.0113.18-1.83
----
-2.38-0.132.25
207614.9813.18-1.81
----
-2.42-0.142.29
207714.9513.17-1.78
----
-2.46-0.142.32
207814.9213.17-1.74
----
-2.49-0.142.35
207914.8813.17-1.71
----
-2.52-0.142.38
208014.8513.17-1.68
----
-2.55-0.142.41
208114.8213.17-1.65
----
-2.58-0.142.44
208214.8013.17-1.63
----
-2.61-0.152.46
208314.7813.16-1.62
----
-2.63-0.152.49
208414.7813.16-1.62
----
-2.66-0.152.51
208514.7813.16-1.62
----
-2.69-0.152.54
208614.7913.17-1.63
----
-2.71-0.152.56
208714.8113.17-1.64
----
-2.73-0.152.58
208814.8313.17-1.66
----
-2.76-0.152.60
208914.8513.17-1.68
----
-2.78-0.162.62
209014.8813.17-1.71
----
-2.80-0.162.64
209114.9013.17-1.73
----
-2.82-0.162.66



 

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 2016 Trustees Report.
2016-2090 15.44% 13.79% -1.66%
2034
-1.06% -0.06% 1.00%
 
1 Under present law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified August 30, 2016