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Detailed Single Year Tables
Level of Monthly Benefits

Description of Proposed Provision:
B6.3: Provide an increase in the benefit level of any beneficiary who is 85 or older at the beginning of 2018 or who reaches their 85th birthday after the beginning of 2018. Increase the beneficiary's PIA based on an amount equal to the average retired-worker PIA at the end of 2017, or at the end of the year age 80 if later. Increase the beneficiary's PIA by 5 percent of this amount for those older than 85 at the beginning of 2018 and by 5 percent of this amount at age 85 for others, phased in at 1 percent per year for ages 81-85.

 

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
201813.9312.96-0.97
275
0.080.00-0.07
201914.0612.97-1.09
260
0.080.00-0.07
202014.2112.98-1.23
244
0.080.00-0.07
202114.3513.01-1.34
229
0.080.00-0.07
202214.5713.04-1.53
213
0.080.00-0.08
202314.8413.06-1.78
196
0.080.00-0.08
202415.1113.10-2.01
179
0.080.00-0.08
202515.3713.11-2.26
161
0.090.00-0.08
202615.5613.13-2.43
144
0.090.00-0.08
202715.7413.15-2.59
127
0.090.00-0.09
202815.9113.16-2.75
110
0.100.01-0.09
202916.0713.17-2.89
92
0.100.01-0.10
203016.2113.19-3.02
75
0.100.01-0.10
203116.3313.20-3.13
57
0.110.01-0.10
203216.4413.21-3.24
38
0.110.01-0.11
203316.5313.21-3.31
19
0.120.01-0.11
203416.5913.22-3.37
----
0.120.01-0.12
203516.6213.22-3.40
----
0.130.01-0.12
203616.6913.23-3.46
----
0.130.01-0.12
203716.7313.23-3.50
----
0.130.01-0.13
203816.7513.24-3.52
----
0.140.01-0.13
203916.7513.24-3.51
----
0.140.01-0.14
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
----
0.150.01-0.15
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
----
0.160.01-0.15
204716.5713.24-3.33
----
0.160.01-0.16
204816.5513.24-3.31
----
0.170.01-0.16
204916.5313.24-3.29
----
0.160.01-0.16
205016.5213.24-3.28
----
0.160.01-0.16
205116.5213.24-3.28
----
0.160.01-0.15
205216.5413.24-3.29
----
0.160.01-0.15
205316.5613.25-3.31
----
0.160.01-0.15
205416.5913.25-3.34
----
0.160.01-0.15
205516.6213.25-3.37
----
0.160.01-0.15
205616.6713.26-3.41
----
0.160.01-0.15
205716.7213.26-3.46
----
0.160.01-0.15
205816.7613.26-3.50
----
0.160.01-0.15
205916.8113.27-3.55
----
0.160.01-0.15
206016.8613.27-3.59
----
0.160.01-0.15
206116.9113.27-3.64
----
0.160.01-0.15
206216.9713.28-3.69
----
0.160.01-0.15
206317.0213.28-3.73
----
0.160.01-0.15
206417.0713.29-3.78
----
0.160.01-0.15
206517.1213.29-3.83
----
0.160.01-0.15
206617.1713.29-3.88
----
0.160.01-0.15
206717.2313.30-3.93
----
0.170.01-0.16
206817.2813.30-3.98
----
0.170.01-0.16
206917.3313.30-4.03
----
0.170.01-0.16
207017.3913.31-4.08
----
0.170.01-0.16
207117.4413.31-4.13
----
0.170.01-0.16
207217.4813.31-4.17
----
0.180.01-0.17
207317.5213.32-4.20
----
0.180.01-0.17
207417.5513.32-4.23
----
0.180.01-0.17
207517.5713.32-4.25
----
0.180.01-0.17
207617.5913.32-4.27
----
0.180.01-0.17
207717.6013.32-4.27
----
0.190.01-0.18
207817.6013.32-4.27
----
0.190.01-0.18
207917.5913.32-4.27
----
0.190.01-0.18
208017.5913.32-4.27
----
0.190.01-0.18
208117.5913.32-4.27
----
0.190.01-0.18
208217.6013.32-4.27
----
0.190.01-0.18
208317.6113.32-4.29
----
0.190.01-0.18
208417.6313.32-4.31
----
0.190.01-0.18
208517.6613.33-4.33
----
0.190.01-0.18
208617.7013.33-4.37
----
0.190.01-0.18
208717.7413.33-4.40
----
0.190.01-0.18
208817.7813.33-4.45
----
0.190.01-0.18
208917.8313.34-4.49
----
0.200.01-0.18
209017.8713.34-4.53
----
0.200.01-0.19
209117.9213.34-4.58
----
0.200.01-0.19



 

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 16.64% 13.85% -2.79%
2033
0.14% 0.01% -0.13%
 
1 Under present law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified August 30, 2016