Detailed Single Year Tables

Description of Proposed Provision:
C1.7: After the normal retirement age (NRA) reaches 67 for those attaining age 62 in 2022, increase the NRA by 3 months per year starting for attaining age 62 in 2023 until it reaches 69 for those attaining age 62 in 2030. Increase the age up to which delayed retirement credits may be earned from 70 to 72 on the same schedule. Increase the widow(er) NRA in the same manner. The earliest eligibility age (EEA) for worker's and widow(er)'s benefit is unchanged.

			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	-0.80	293	0.00	0.00	0.00
2018	13.86	12.96	-0.90	277	0.00	0.00	0.00
2019	13.99	12.97	-1.02	262	0.00	0.00	0.00
2020	14.13	12.98	-1.15	246	0.00	0.00	0.00
2021	14.27	13.00	-1.27	231	0.00	0.00	0.00
2022	14.49	13.03	-1.46	216	0.00	0.00	0.00
2023	14.75	13.06	-1.69	200	-0.01	0.00	0.01
2024	15.00	13.09	-1.91	183	-0.02	0.00	0.02
2025	15.25	13.11	-2.14	166	-0.04	0.00	0.04
2026	15.42	13.12	-2.29	150	-0.05	0.00	0.05
2027	15.58	13.14	-2.44	133	-0.07	0.00	0.06
2028	15.73	13.15	-2.58	117	-0.08	0.00	0.08
2029	15.81	13.17	-2.65	101	-0.15	0.00	0.15
2030	15.86	13.17	-2.69	85	-0.24	-0.01	0.23
2031	15.87	13.18	-2.69	69	-0.35	-0.01	0.34
2032	15.88	13.19	-2.69	53	-0.45	-0.01	0.44
2033	15.87	13.19	-2.68	37	-0.54	-0.02	0.52
2034	15.85	13.19	-2.66	21	-0.61	-0.02	0.59
2035	15.82	13.19	-2.62	5	-0.68	-0.02	0.66
2036	15.83	13.20	-2.63	----	-0.73	-0.02	0.70
2037	15.82	13.20	-2.62	----	-0.78	-0.03	0.75
2038	15.80	13.20	-2.60	----	-0.82	-0.03	0.79
2039	15.75	13.20	-2.56	----	-0.86	-0.03	0.82
2040	15.70	13.20	-2.50	----	-0.89	-0.03	0.86
2041	15.64	13.20	-2.45	----	-0.92	-0.04	0.88
2042	15.59	13.19	-2.39	----	-0.95	-0.04	0.91
2043	15.52	13.19	-2.33	----	-0.98	-0.04	0.94
2044	15.46	13.19	-2.27	----	-1.00	-0.04	0.96
2045	15.42	13.19	-2.23	----	-1.03	-0.04	0.99
2046	15.37	13.19	-2.18	----	-1.06	-0.04	1.02
2047	15.32	13.19	-2.13	----	-1.09	-0.04	1.04
2048	15.27	13.18	-2.09	----	-1.11	-0.05	1.07
2049	15.23	13.18	-2.05	----	-1.14	-0.05	1.09
2050	15.20	13.18	-2.01	----	-1.16	-0.05	1.11
2051	15.17	13.18	-1.99	----	-1.19	-0.05	1.14
2052	15.16	13.18	-1.97	----	-1.21	-0.05	1.16
2053	15.16	13.18	-1.97	----	-1.23	-0.05	1.18
2054	15.17	13.19	-1.99	----	-1.25	-0.05	1.20
2055	15.19	13.19	-2.00	----	-1.27	-0.05	1.22
2056	15.22	13.19	-2.03	----	-1.29	-0.06	1.23
2057	15.26	13.19	-2.06	----	-1.30	-0.06	1.24
2058	15.30	13.20	-2.10	----	-1.31	-0.06	1.25
2059	15.34	13.20	-2.14	----	-1.32	-0.06	1.26
2060	15.38	13.20	-2.18	----	-1.32	-0.06	1.27
2061	15.43	13.21	-2.23	----	-1.32	-0.06	1.27
2062	15.48	13.21	-2.27	----	-1.33	-0.06	1.27
2063	15.53	13.21	-2.31	----	-1.33	-0.06	1.27
2064	15.57	13.22	-2.35	----	-1.33	-0.06	1.28
2065	15.62	13.22	-2.40	----	-1.34	-0.06	1.28
2066	15.67	13.22	-2.44	----	-1.34	-0.06	1.28
2067	15.72	13.23	-2.49	----	-1.34	-0.06	1.28
2068	15.77	13.23	-2.54	----	-1.35	-0.06	1.29
2069	15.81	13.23	-2.58	----	-1.35	-0.06	1.29
2070	15.86	13.24	-2.62	----	-1.36	-0.06	1.30
2071	15.90	13.24	-2.66	----	-1.36	-0.06	1.30
2072	15.94	13.24	-2.70	----	-1.37	-0.06	1.30
2073	15.97	13.24	-2.73	----	-1.37	-0.06	1.31
2074	16.00	13.25	-2.76	----	-1.37	-0.06	1.31
2075	16.03	13.25	-2.78	----	-1.36	-0.06	1.30
2076	16.05	13.25	-2.80	----	-1.36	-0.06	1.29
2077	16.06	13.25	-2.81	----	-1.35	-0.06	1.29
2078	16.06	13.25	-2.81	----	-1.35	-0.06	1.29
2079	16.06	13.25	-2.81	----	-1.34	-0.06	1.28
2080	16.06	13.25	-2.81	----	-1.34	-0.06	1.28
2081	16.06	13.25	-2.81	----	-1.34	-0.06	1.28
2082	16.07	13.25	-2.82	----	-1.34	-0.06	1.28
2083	16.08	13.25	-2.83	----	-1.34	-0.06	1.28
2084	16.09	13.25	-2.84	----	-1.35	-0.06	1.28
2085	16.12	13.25	-2.86	----	-1.35	-0.06	1.29
2086	16.14	13.26	-2.88	----	-1.37	-0.06	1.30
2087	16.17	13.26	-2.91	----	-1.38	-0.06	1.31
2088	16.20	13.26	-2.94	----	-1.38	-0.06	1.32
2089	16.24	13.26	-2.98	----	-1.39	-0.06	1.33
2090	16.28	13.27	-3.02	----	-1.39	-0.06	1.33
2091	16.33	13.27	-3.06	----	-1.40	-0.06	1.33

				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	15.62%	13.81%	-1.81%	2035	-0.88%	-0.04%	0.84%

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


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Detailed Single Year Tables

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates