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Detailed Single Year Tables
Level of Monthly Benefits

Description of Proposed Provision:
B3.4: Beginning with those newly eligible for OASDI benefits in 2020, multiply all PIA factors each year by 0.991. Stop reductions after 2048. 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
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
202114.2713.00-1.26
231
0.000.000.00
202214.4813.03-1.45
216
-0.010.000.01
202314.7413.06-1.69
200
-0.010.000.01
202415.0013.09-1.91
183
-0.030.000.02
202515.2413.11-2.14
166
-0.040.000.04
202615.4113.12-2.29
150
-0.060.000.06
202715.5613.14-2.42
133
-0.090.000.08
202815.6913.15-2.54
117
-0.12-0.010.11
202915.8113.16-2.65
101
-0.16-0.010.15
203015.9013.17-2.74
85
-0.20-0.010.19
203115.9813.18-2.80
69
-0.24-0.010.23
203216.0313.18-2.85
52
-0.29-0.020.28
203316.0613.19-2.87
35
-0.35-0.020.33
203416.0613.19-2.87
18
-0.41-0.020.38
203516.0313.19-2.84
1
-0.47-0.030.44
203616.0213.19-2.83
----
-0.53-0.030.50
203716.0013.19-2.80
----
-0.60-0.030.57
203815.9413.19-2.75
----
-0.67-0.040.64
203915.8613.19-2.67
----
-0.75-0.040.70
204015.7713.19-2.58
----
-0.82-0.050.77
204115.6613.18-2.48
----
-0.90-0.050.85
204215.5613.18-2.38
----
-0.98-0.050.92
204315.4413.17-2.27
----
-1.06-0.061.00
204415.3213.17-2.15
----
-1.15-0.061.08
204515.2113.16-2.05
----
-1.24-0.071.17
204615.1013.16-1.94
----
-1.33-0.071.25
204714.9813.15-1.83
----
-1.42-0.081.34
204814.8713.15-1.72
----
-1.52-0.091.43
204914.7513.14-1.61
----
-1.62-0.091.53
205014.6413.13-1.51
----
-1.72-0.101.62
205114.5413.13-1.41
----
-1.81-0.101.71
205214.4613.13-1.33
----
-1.91-0.111.80
205314.3813.12-1.26
----
-2.01-0.111.90
205414.3213.12-1.20
----
-2.11-0.121.99
205514.2613.12-1.14
----
-2.20-0.132.08
205614.2113.12-1.10
----
-2.29-0.132.16
205714.1813.11-1.06
----
-2.38-0.142.25
205814.1413.11-1.03
----
-2.46-0.142.32
205914.1213.11-1.00
----
-2.54-0.152.39
206014.1013.11-0.98
----
-2.61-0.152.46
206114.0813.11-0.97
----
-2.68-0.152.52
206214.0713.11-0.96
----
-2.74-0.162.58
206314.0613.11-0.95
----
-2.80-0.162.64
206414.0613.11-0.94
----
-2.85-0.162.69
206514.0613.11-0.94
----
-2.90-0.172.73
206614.0613.11-0.95
----
-2.94-0.172.77
206714.0713.12-0.96
----
-2.99-0.172.81
206814.0913.12-0.97
----
-3.03-0.172.85
206914.1013.12-0.99
----
-3.06-0.182.89
207014.1213.12-1.00
----
-3.09-0.182.92
207114.1413.12-1.02
----
-3.12-0.182.94
207214.1513.12-1.03
----
-3.15-0.182.97
207314.1713.12-1.04
----
-3.17-0.182.99
207414.1813.12-1.05
----
-3.19-0.183.01
207514.1813.13-1.06
----
-3.21-0.183.02
207614.1813.13-1.06
----
-3.22-0.193.04
207714.1813.13-1.05
----
-3.23-0.193.04
207814.1813.13-1.05
----
-3.23-0.193.05
207914.1713.13-1.04
----
-3.24-0.193.05
208014.1613.12-1.04
----
-3.24-0.193.05
208114.1613.12-1.04
----
-3.24-0.193.05
208214.1713.12-1.04
----
-3.24-0.193.05
208314.1813.13-1.05
----
-3.24-0.193.06
208414.1913.13-1.07
----
-3.25-0.193.06
208514.2113.13-1.09
----
-3.25-0.193.07
208614.2413.13-1.11
----
-3.26-0.193.07
208714.2713.13-1.14
----
-3.27-0.193.08
208814.3113.13-1.17
----
-3.28-0.193.09
208914.3413.14-1.20
----
-3.29-0.193.10
209014.3813.14-1.24
----
-3.30-0.193.11
209114.4113.14-1.27
----
-3.31-0.193.12



 

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 14.91% 13.75% -1.15%
2035
-1.60% -0.09% 1.51%
 
1 Under present law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified August 30, 2016