Detailed Single Year Tables

Description of Proposed Provision:
B5.3: Beginning for those newly eligible in 2017, reconfigure the special minimum benefit: (a) A year of coverage is defined to be either a year in which 4 quarters of coverage are earned or a child is in care. Childcare years are granted to parents who have a child under 5, with a limit of 8 such years. (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	Trust fund ratio as of January 1	Cost rate	Income rate	Annual balance
2016	14.05	12.94	-1.10	303	0.00	0.00	0.00
2017	13.72	12.92	-0.81	293	0.00	0.00	0.00
2018	13.87	12.96	-0.91	277	0.01	0.00	-0.01
2019	14.01	12.97	-1.04	261	0.03	0.00	-0.02
2020	14.17	12.98	-1.19	245	0.04	0.00	-0.04
2021	14.32	13.00	-1.31	230	0.05	0.00	-0.05
2022	14.55	13.04	-1.52	214	0.06	0.00	-0.06
2023	14.83	13.06	-1.77	197	0.07	0.00	-0.07
2024	15.11	13.10	-2.01	180	0.09	0.00	-0.08
2025	15.38	13.11	-2.27	162	0.10	0.00	-0.09
2026	15.58	13.13	-2.45	145	0.11	0.01	-0.11
2027	15.77	13.15	-2.62	127	0.12	0.01	-0.12
2028	15.95	13.16	-2.78	110	0.13	0.01	-0.13
2029	16.11	13.18	-2.93	92	0.14	0.01	-0.14
2030	16.25	13.19	-3.07	75	0.15	0.01	-0.15
2031	16.38	13.20	-3.19	56	0.16	0.01	-0.15
2032	16.50	13.21	-3.29	38	0.17	0.01	-0.16
2033	16.59	13.22	-3.37	18	0.18	0.01	-0.17
2034	16.65	13.22	-3.43	----	0.19	0.01	-0.18
2035	16.69	13.23	-3.46	----	0.19	0.01	-0.18
2036	16.76	13.23	-3.52	----	0.20	0.01	-0.19
2037	16.81	13.24	-3.57	----	0.21	0.01	-0.20
2038	16.83	13.24	-3.59	----	0.21	0.01	-0.20
2039	16.83	13.24	-3.58	----	0.22	0.01	-0.21
2040	16.81	13.24	-3.57	----	0.22	0.01	-0.21
2041	16.79	13.24	-3.54	----	0.23	0.01	-0.21
2042	16.76	13.24	-3.52	----	0.23	0.01	-0.22
2043	16.73	13.24	-3.49	----	0.23	0.01	-0.22
2044	16.71	13.24	-3.46	----	0.24	0.01	-0.23
2045	16.69	13.24	-3.45	----	0.24	0.01	-0.23
2046	16.67	13.24	-3.43	----	0.25	0.01	-0.23
2047	16.65	13.24	-3.41	----	0.25	0.01	-0.24
2048	16.64	13.24	-3.40	----	0.26	0.01	-0.24
2049	16.63	13.25	-3.39	----	0.26	0.01	-0.25
2050	16.62	13.25	-3.38	----	0.27	0.01	-0.25
2051	16.63	13.25	-3.38	----	0.27	0.01	-0.26
2052	16.65	13.25	-3.40	----	0.27	0.01	-0.26
2053	16.67	13.25	-3.42	----	0.28	0.01	-0.26
2054	16.71	13.25	-3.45	----	0.28	0.01	-0.27
2055	16.75	13.26	-3.49	----	0.29	0.02	-0.27
2056	16.80	13.26	-3.53	----	0.29	0.02	-0.27
2057	16.85	13.27	-3.58	----	0.29	0.02	-0.28
2058	16.90	13.27	-3.63	----	0.29	0.02	-0.28
2059	16.95	13.27	-3.68	----	0.30	0.02	-0.28
2060	17.01	13.28	-3.73	----	0.30	0.02	-0.28
2061	17.06	13.28	-3.78	----	0.30	0.02	-0.28
2062	17.11	13.29	-3.82	----	0.30	0.02	-0.29
2063	17.16	13.29	-3.87	----	0.30	0.02	-0.29
2064	17.21	13.29	-3.92	----	0.31	0.02	-0.29
2065	17.26	13.30	-3.97	----	0.31	0.02	-0.29
2066	17.32	13.30	-4.02	----	0.31	0.02	-0.29
2067	17.37	13.30	-4.07	----	0.31	0.02	-0.29
2068	17.43	13.31	-4.12	----	0.31	0.02	-0.30
2069	17.48	13.31	-4.17	----	0.31	0.02	-0.30
2070	17.53	13.31	-4.22	----	0.32	0.02	-0.30
2071	17.58	13.32	-4.26	----	0.32	0.02	-0.30
2072	17.62	13.32	-4.30	----	0.32	0.02	-0.30
2073	17.66	13.32	-4.34	----	0.32	0.02	-0.30
2074	17.69	13.33	-4.36	----	0.32	0.02	-0.30
2075	17.71	13.33	-4.38	----	0.32	0.02	-0.30
2076	17.72	13.33	-4.40	----	0.32	0.02	-0.30
2077	17.73	13.33	-4.40	----	0.32	0.02	-0.30
2078	17.73	13.33	-4.40	----	0.32	0.02	-0.30
2079	17.72	13.33	-4.40	----	0.32	0.02	-0.30
2080	17.72	13.33	-4.39	----	0.32	0.02	-0.30
2081	17.72	13.33	-4.39	----	0.32	0.02	-0.30
2082	17.73	13.33	-4.40	----	0.32	0.02	-0.30
2083	17.74	13.33	-4.41	----	0.32	0.02	-0.30
2084	17.76	13.33	-4.43	----	0.32	0.02	-0.30
2085	17.79	13.33	-4.46	----	0.32	0.02	-0.30
2086	17.83	13.33	-4.49	----	0.32	0.02	-0.30
2087	17.86	13.34	-4.53	----	0.32	0.02	-0.30
2088	17.91	13.34	-4.57	----	0.32	0.02	-0.31
2089	17.95	13.34	-4.61	----	0.32	0.02	-0.31
2090	18.00	13.35	-4.65	----	0.32	0.02	-0.31
2091	18.05	13.35	-4.70	----	0.33	0.02	-0.31

				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	16.73%	13.86%	-2.87%	2033	0.23%	0.01%	-0.22%

¹ Under present law, the year of Trust Fund reserve depletion is 2034.


	Privacy Policy \| Website Policies & Other Important Information \| Site Map Last reviewed or modified August 30, 2016

Detailed Single Year Tables

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates