Description of Proposed Provision:
D6: For spouses and children of retired and disabled workers becoming newly eligible beginning in 2025 and phased in for 2025 through 2034, limit their auxiliary benefit to one-half of the PIA for a hypothetical worker with earnings equal to the national average wage index (AWI) each year.

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
202014.1212.89-1.23
256
0.000.000.00
202114.2712.92-1.35
239
0.000.000.00
202214.4412.95-1.49
223
0.000.000.00
202314.6212.97-1.66
206
0.000.000.00
202414.8012.99-1.81
188
0.000.000.00
202514.9813.01-1.98
171
-0.00-0.000.00
202615.1613.13-2.02
154
-0.00-0.000.00
202715.3613.15-2.21
137
-0.00-0.000.00
202815.5813.17-2.41
120
-0.00-0.000.00
202915.7913.19-2.60
104
-0.00-0.000.00
203015.9813.20-2.78
86
-0.00-0.000.00
203116.1513.22-2.94
69
-0.01-0.000.01
203216.3113.23-3.08
51
-0.01-0.000.01
203316.4413.24-3.20
33
-0.02-0.000.01
203416.5413.25-3.30
14
-0.02-0.000.02
203516.6213.25-3.37
----
-0.03-0.000.03
203616.6913.26-3.43
----
-0.03-0.000.03
203716.7413.26-3.48
----
-0.04-0.000.04
203816.7713.27-3.51
----
-0.05-0.000.05
203916.7813.27-3.51
----
-0.06-0.000.05
204016.7713.27-3.50
----
-0.06-0.000.06
204116.7413.27-3.47
----
-0.07-0.000.07
204216.7013.27-3.43
----
-0.08-0.000.07
204316.6613.27-3.39
----
-0.08-0.000.08
204416.6113.26-3.35
----
-0.08-0.000.08
204516.5713.26-3.31
----
-0.09-0.000.08
204616.5413.26-3.28
----
-0.09-0.010.08
204716.5113.26-3.25
----
-0.09-0.010.09
204816.4813.26-3.22
----
-0.09-0.010.09
204916.4613.26-3.20
----
-0.10-0.010.09
205016.4413.26-3.18
----
-0.10-0.010.09
205116.4313.26-3.17
----
-0.10-0.010.09
205216.4313.26-3.17
----
-0.10-0.010.09
205316.4413.27-3.18
----
-0.10-0.010.09
205416.4613.27-3.19
----
-0.10-0.010.10
205516.4913.27-3.22
----
-0.10-0.010.10
205616.5213.27-3.25
----
-0.10-0.010.10
205716.5613.28-3.29
----
-0.10-0.010.10
205816.6113.28-3.33
----
-0.10-0.010.10
205916.6613.28-3.37
----
-0.10-0.010.10
206016.7013.29-3.42
----
-0.10-0.010.10
206116.7513.29-3.46
----
-0.10-0.010.10
206216.8013.30-3.51
----
-0.10-0.010.10
206316.8613.30-3.56
----
-0.11-0.010.10
206416.9113.30-3.60
----
-0.11-0.010.10
206516.9613.31-3.65
----
-0.11-0.010.10
206617.0213.31-3.71
----
-0.11-0.010.10
206717.0813.32-3.76
----
-0.11-0.010.10
206817.1413.32-3.82
----
-0.11-0.010.10
206917.2013.32-3.87
----
-0.11-0.010.10
207017.2613.33-3.93
----
-0.11-0.010.10
207117.3113.33-3.98
----
-0.11-0.010.10
207217.3613.34-4.02
----
-0.11-0.010.10
207317.4013.34-4.06
----
-0.11-0.010.10
207417.4413.34-4.10
----
-0.11-0.010.10
207517.4813.35-4.13
----
-0.11-0.010.10
207617.5013.35-4.15
----
-0.11-0.010.10
207717.5113.35-4.17
----
-0.11-0.010.10
207817.5213.35-4.17
----
-0.11-0.010.10
207917.5113.35-4.16
----
-0.11-0.010.10
208017.5013.35-4.15
----
-0.11-0.010.10
208117.4813.35-4.13
----
-0.11-0.010.10
208217.4613.35-4.12
----
-0.11-0.010.10
208317.4513.35-4.10
----
-0.11-0.010.10
208417.4313.34-4.09
----
-0.11-0.010.10
208517.4213.34-4.08
----
-0.11-0.010.10
208617.4213.34-4.08
----
-0.11-0.010.10
208717.4213.34-4.08
----
-0.11-0.010.10
208817.4413.35-4.09
----
-0.11-0.010.10
208917.4613.35-4.11
----
-0.11-0.010.10
209017.4913.35-4.14
----
-0.11-0.010.10
209117.5313.35-4.18
----
-0.11-0.010.10
209217.5713.35-4.21
----
-0.11-0.010.10
209317.6113.36-4.26
----
-0.11-0.010.10


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 16.62% 13.84% -2.78%
2034
-0.07% -0.00% 0.07%

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