Description of Proposed Provision:
A5: Starting December 2019, add 1 percentage point to the annual COLA for beneficiaries who have lived past a "specified age". The "specified age" is the sum of: (1) 65 and (2) the unisex cohort life expectancy at age 65.

Financial Estimates for the OASDI Trust Fund Program

  Proposal   Change from Current Law
  Expressed as a percentage of
current-law taxable payroll

Trust fund
ratio as of
January 1
Expressed as a percentage of
current-law taxable payroll
Calendar
year
Cost
rate
Income
rate
Annual
balance

Cost
rate
Income
rate
Annual
balance
201813.8112.64-1.17
288
0.000.000.00
201913.9512.87-1.08
272
0.000.000.00
202014.1412.89-1.24
256
0.010.00-0.01
202114.3012.92-1.38
239
0.020.00-0.02
202214.4712.95-1.53
222
0.040.00-0.03
202314.6712.97-1.70
204
0.040.00-0.04
202414.8613.00-1.86
187
0.050.00-0.05
202515.0413.01-2.03
169
0.060.00-0.06
202615.2213.14-2.08
152
0.060.00-0.06
202715.4313.16-2.27
135
0.070.00-0.06
202815.6613.18-2.48
118
0.070.00-0.07
202915.8713.19-2.68
101
0.080.00-0.07
203016.0613.21-2.86
83
0.080.00-0.08
203116.2413.22-3.02
65
0.080.00-0.08
203216.4013.23-3.17
47
0.090.00-0.08
203316.5413.24-3.30
29
0.090.01-0.09
203416.6613.25-3.41
9
0.100.01-0.09
203516.7513.26-3.49
----
0.100.01-0.09
203616.8313.27-3.56
----
0.100.01-0.10
203716.8913.27-3.62
----
0.110.01-0.10
203816.9313.28-3.66
----
0.110.01-0.10
203916.9513.28-3.67
----
0.120.01-0.11
204016.9513.28-3.66
----
0.120.01-0.11
204116.9313.28-3.65
----
0.120.01-0.11
204216.8913.28-3.61
----
0.120.01-0.11
204316.8513.28-3.58
----
0.120.01-0.11
204416.8113.28-3.54
----
0.120.01-0.11
204516.7813.28-3.50
----
0.120.01-0.11
204616.7513.28-3.47
----
0.120.01-0.11
204716.7213.28-3.45
----
0.120.01-0.12
204816.7013.27-3.43
----
0.120.01-0.12
204916.6813.27-3.41
----
0.130.01-0.12
205016.6713.28-3.39
----
0.130.01-0.12
205116.6613.28-3.39
----
0.130.01-0.12
205216.6613.28-3.39
----
0.130.01-0.12
205316.6713.28-3.39
----
0.130.01-0.12
205416.6913.28-3.41
----
0.130.01-0.12
205516.7213.28-3.44
----
0.130.01-0.12
205616.7513.29-3.47
----
0.130.01-0.12
205716.7913.29-3.50
----
0.130.01-0.12
205816.8413.29-3.54
----
0.120.01-0.12
205916.8813.30-3.58
----
0.120.01-0.11
206016.9313.30-3.63
----
0.120.01-0.11
206116.9813.31-3.67
----
0.120.01-0.11
206217.0213.31-3.71
----
0.110.01-0.11
206317.0813.31-3.76
----
0.110.01-0.11
206417.1313.32-3.81
----
0.110.01-0.10
206517.1813.32-3.86
----
0.110.01-0.10
206617.2313.33-3.91
----
0.110.01-0.10
206717.2913.33-3.96
----
0.110.01-0.10
206817.3513.33-4.02
----
0.110.01-0.10
206917.4113.34-4.08
----
0.110.01-0.10
207017.4713.34-4.13
----
0.110.01-0.10
207117.5313.35-4.19
----
0.110.01-0.10
207217.5813.35-4.23
----
0.110.01-0.11
207317.6313.35-4.28
----
0.110.01-0.11
207417.6713.36-4.31
----
0.120.01-0.11
207517.7013.36-4.35
----
0.120.01-0.11
207617.7313.36-4.37
----
0.120.01-0.11
207717.7413.36-4.38
----
0.120.01-0.11
207817.7413.36-4.38
----
0.110.01-0.11
207917.7313.36-4.37
----
0.110.01-0.11
208017.7213.36-4.36
----
0.110.01-0.11
208117.7013.36-4.34
----
0.110.01-0.11
208217.6913.36-4.33
----
0.110.01-0.11
208317.6713.36-4.31
----
0.110.01-0.11
208417.6513.36-4.30
----
0.110.01-0.11
208517.6413.36-4.29
----
0.110.01-0.11
208617.6413.36-4.28
----
0.110.01-0.11
208717.6513.36-4.29
----
0.110.01-0.11
208817.6613.36-4.30
----
0.120.01-0.11
208917.6813.36-4.32
----
0.120.01-0.11
209017.7113.36-4.35
----
0.120.01-0.11
209117.7513.36-4.39
----
0.120.01-0.11
209217.8013.37-4.43
----
0.120.01-0.11
209317.8413.37-4.47
----
0.120.01-0.11


Summarized Estimates

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

Year of reserve
depletion
1

Cost
rate
Income
rate
Actuarial
balance
2018-2092 16.79% 13.85% -2.94%
2034
0.10% 0.01% -0.10%

1 Under current law, the year of Trust Fund reserve depletion is 2034.
Based on Intermediate Assumptions of the 2018 Trustees Report.