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Detailed Single Year Tables
Level of Monthly Benefits

Description of Proposed Provision:
B3.8: Beginning with those newly eligible for OASDI benefits in 2023, create a new bend point at the 50th percentile of the AIME distribution of newly retired workers and gradually reduce all PIA factors except for the 90 percent factor. By 2056: a) the 32 percent PIA factor below the new bend point reduces to 30 percent; b) the 32 percent PIA factor above the new bend point reduces to 10 percent; and c) the 15 percent PIA factor reduces to 5 percent.

 

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
0.000.000.00
202615.4613.13-2.34
149
-0.010.000.01
202715.6313.14-2.49
132
-0.010.000.01
202815.7913.16-2.64
115
-0.020.000.02
202915.9313.17-2.77
99
-0.030.000.03
203016.0513.18-2.88
82
-0.050.000.05
203116.1613.19-2.97
65
-0.070.000.06
203216.2413.20-3.05
47
-0.090.000.08
203316.3013.20-3.10
29
-0.11-0.010.10
203416.3313.21-3.12
11
-0.13-0.010.13
203516.3313.21-3.13
----
-0.16-0.010.15
203616.3613.21-3.15
----
-0.19-0.010.18
203716.3713.21-3.16
----
-0.23-0.010.22
203816.3513.22-3.14
----
-0.26-0.010.25
203916.3113.22-3.10
----
-0.30-0.020.28
204016.2513.21-3.04
----
-0.34-0.020.32
204116.1813.21-2.97
----
-0.38-0.020.36
204216.1113.21-2.90
----
-0.42-0.020.40
204316.0313.21-2.83
----
-0.47-0.020.44
204415.9513.20-2.75
----
-0.51-0.030.49
204515.8913.20-2.69
----
-0.56-0.030.53
204615.8113.20-2.61
----
-0.61-0.030.58
204715.7313.20-2.54
----
-0.67-0.040.63
204815.6613.19-2.47
----
-0.72-0.040.68
204915.5913.19-2.40
----
-0.78-0.040.74
205015.5213.19-2.34
----
-0.84-0.040.79
205115.4613.18-2.28
----
-0.90-0.050.85
205215.4113.18-2.23
----
-0.96-0.050.91
205315.3713.18-2.19
----
-1.02-0.050.97
205415.3413.18-2.16
----
-1.09-0.061.03
205515.3113.18-2.13
----
-1.15-0.061.09
205615.2913.18-2.11
----
-1.22-0.071.15
205715.2713.18-2.09
----
-1.29-0.071.22
205815.2513.18-2.07
----
-1.36-0.071.28
205915.2413.18-2.05
----
-1.42-0.081.34
206015.2213.18-2.04
----
-1.49-0.081.41
206115.2113.18-2.03
----
-1.55-0.081.47
206215.2013.18-2.01
----
-1.61-0.091.52
206315.1913.18-2.00
----
-1.67-0.091.58
206415.1813.18-2.00
----
-1.73-0.091.63
206515.1713.18-1.99
----
-1.78-0.101.68
206615.1813.18-1.99
----
-1.83-0.101.73
206715.1813.18-2.00
----
-1.88-0.101.78
206815.1913.18-2.00
----
-1.93-0.111.82
206915.1913.18-2.01
----
-1.97-0.111.86
207015.2113.19-2.02
----
-2.01-0.111.90
207115.2113.19-2.03
----
-2.05-0.111.94
207215.2213.19-2.03
----
-2.08-0.121.97
207315.2213.19-2.04
----
-2.12-0.122.00
207415.2213.19-2.04
----
-2.15-0.122.03
207515.2213.19-2.03
----
-2.17-0.122.05
207615.2113.19-2.02
----
-2.19-0.122.07
207715.2013.19-2.01
----
-2.21-0.122.09
207815.1813.19-1.99
----
-2.23-0.122.11
207915.1613.19-1.97
----
-2.24-0.132.12
208015.1413.19-1.96
----
-2.26-0.132.13
208115.1313.18-1.95
----
-2.27-0.132.14
208215.1313.18-1.94
----
-2.28-0.132.15
208315.1313.18-1.94
----
-2.29-0.132.16
208415.1413.19-1.95
----
-2.30-0.132.17
208515.1613.19-1.97
----
-2.31-0.132.18
208615.1813.19-1.99
----
-2.32-0.132.19
208715.2113.19-2.02
----
-2.33-0.132.20
208815.2413.19-2.05
----
-2.34-0.132.21
208915.2813.19-2.08
----
-2.35-0.132.22
209015.3213.20-2.12
----
-2.36-0.132.23
209115.3513.20-2.16
----
-2.37-0.132.24



 

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 15.54% 13.79% -1.75%
2034
-0.96% -0.05% 0.91%
 
1 Under present law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified August 30, 2016