Skip to content
Social Security Online
Actuarial Publications
Solvency provisions SSA logo: link to Social Security Online home

Detailed Single Year Tables

Description of Proposed Provision:
B5.2: Beginning for those newly eligible in 2017, reconfigure the special minimum benefit: (a) A year of coverage is defined as a year in which 4 quarters of coverage are earned. (b) At implementation, set the PIA for 30 years of coverage equal to 125 percent of the monthly poverty level (about $1,226 in 2015). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $1,226/20 = $61.30. (c) Index the initial PIA per year of coverage by wage growth for successive cohorts.

 

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
201813.8612.96-0.91
277
0.010.00-0.01
201914.0012.97-1.03
261
0.010.00-0.01
202014.1512.98-1.17
246
0.020.00-0.02
202114.3013.00-1.29
231
0.030.00-0.03
202214.5313.04-1.49
215
0.030.00-0.03
202314.8013.06-1.74
198
0.040.00-0.04
202415.0713.09-1.98
181
0.050.00-0.05
202515.3413.11-2.23
164
0.060.00-0.05
202615.5413.13-2.40
146
0.060.00-0.06
202715.7213.15-2.58
129
0.070.00-0.07
202815.8913.16-2.73
112
0.080.00-0.08
202916.0513.17-2.88
95
0.090.00-0.08
203016.1913.18-3.01
77
0.090.00-0.09
203116.3213.20-3.13
59
0.100.00-0.09
203216.4313.20-3.23
41
0.110.01-0.10
203316.5213.21-3.31
22
0.110.01-0.11
203416.5813.22-3.36
3
0.120.01-0.11
203516.6213.22-3.40
----
0.120.01-0.12
203616.6813.23-3.45
----
0.130.01-0.12
203716.7313.23-3.50
----
0.130.01-0.13
203816.7513.24-3.51
----
0.140.01-0.13
203916.7513.24-3.51
----
0.140.01-0.13
204016.7413.24-3.50
----
0.150.01-0.14
204116.7113.24-3.47
----
0.150.01-0.14
204216.6913.24-3.45
----
0.150.01-0.14
204316.6613.24-3.42
----
0.160.01-0.15
204416.6313.24-3.39
----
0.160.01-0.15
204516.6113.24-3.37
----
0.160.01-0.15
204616.5913.24-3.35
----
0.170.01-0.16
204716.5713.24-3.33
----
0.170.01-0.16
204816.5613.24-3.32
----
0.170.01-0.16
204916.5513.24-3.31
----
0.180.01-0.17
205016.5413.24-3.30
----
0.180.01-0.17
205116.5413.24-3.30
----
0.180.01-0.17
205216.5613.24-3.31
----
0.190.01-0.18
205316.5813.25-3.34
----
0.190.01-0.18
205416.6213.25-3.37
----
0.190.01-0.18
205516.6613.25-3.40
----
0.190.01-0.18
205616.7013.26-3.45
----
0.200.01-0.19
205716.7613.26-3.49
----
0.200.01-0.19
205816.8113.27-3.54
----
0.200.01-0.19
205916.8613.27-3.59
----
0.200.01-0.19
206016.9113.27-3.64
----
0.210.01-0.19
206116.9613.28-3.69
----
0.210.01-0.20
206217.0213.28-3.74
----
0.210.01-0.20
206317.0713.28-3.78
----
0.210.01-0.20
206417.1213.29-3.83
----
0.210.01-0.20
206517.1713.29-3.88
----
0.210.01-0.20
206617.2213.29-3.93
----
0.220.01-0.20
206717.2813.30-3.98
----
0.220.01-0.20
206817.3313.30-4.03
----
0.220.01-0.21
206917.3813.31-4.08
----
0.220.01-0.21
207017.4413.31-4.13
----
0.220.01-0.21
207117.4913.31-4.17
----
0.220.01-0.21
207217.5313.32-4.21
----
0.220.01-0.21
207317.5613.32-4.24
----
0.220.01-0.21
207417.5913.32-4.27
----
0.220.01-0.21
207517.6113.32-4.29
----
0.220.01-0.21
207617.6313.32-4.30
----
0.220.01-0.21
207717.6313.32-4.31
----
0.220.01-0.21
207817.6313.32-4.31
----
0.220.01-0.21
207917.6313.32-4.31
----
0.220.01-0.21
208017.6313.32-4.30
----
0.220.01-0.21
208117.6213.32-4.30
----
0.220.01-0.21
208217.6313.32-4.31
----
0.220.01-0.21
208317.6413.32-4.32
----
0.220.01-0.21
208417.6613.33-4.34
----
0.220.01-0.21
208517.6913.33-4.37
----
0.220.01-0.21
208617.7313.33-4.40
----
0.230.01-0.21
208717.7713.33-4.44
----
0.230.01-0.21
208817.8113.34-4.48
----
0.230.01-0.21
208917.8613.34-4.52
----
0.230.01-0.21
209017.9013.34-4.56
----
0.230.01-0.21
209117.9513.34-4.61
----
0.230.01-0.22



 

Summarized Estimates

 
  Proposal
  Change from Present Law
Years Cost
rate
Income
rate
Actuarial
balance

Year of reserve
depletion
1

Cost
rate
Income
rate
Actuarial
balance
 
Based on Intermediate Assumptions of the 2016 Trustees Report.
2016-2090 16.65% 13.85% -2.80%
2034
0.15% 0.01% -0.14%
 
1 Under present law, the year of Trust Fund reserve depletion is 2034.

 Link to USA.gov: U.S. Government portal Privacy Policy  | Website Policies & Other Important Information  | Site Map
Last reviewed or modified August 30, 2016