Detailed Single Year Tables
Description of Proposed Provision:
B1.1: Price indexing of PIA factors beginning with those newly eligible for OASDI benefits in 2026: Reduce factors so that initial benefits grow by inflation rather than by the SSA average wage index.
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 |
|||
| 2019 | 13.91 | 12.85 | -1.06 | 273 | 0.00 | 0.00 | 0.00 | ||
| 2020 | 13.94 | 12.87 | -1.07 | 260 | 0.00 | 0.00 | 0.00 | ||
| 2021 | 14.09 | 12.90 | -1.19 | 245 | 0.00 | 0.00 | 0.00 | ||
| 2022 | 14.23 | 12.92 | -1.31 | 229 | 0.00 | 0.00 | 0.00 | ||
| 2023 | 14.40 | 12.94 | -1.46 | 213 | 0.00 | 0.00 | 0.00 | ||
| 2024 | 14.59 | 12.97 | -1.62 | 197 | 0.00 | 0.00 | 0.00 | ||
| 2025 | 14.79 | 12.99 | -1.80 | 180 | 0.00 | 0.00 | 0.00 | ||
| 2026 | 14.99 | 13.11 | -1.87 | 163 | -0.00 | -0.00 | 0.00 | ||
| 2027 | 15.18 | 13.13 | -2.05 | 147 | -0.01 | -0.00 | 0.01 | ||
| 2028 | 15.41 | 13.17 | -2.24 | 130 | -0.02 | -0.00 | 0.02 | ||
| 2029 | 15.59 | 13.19 | -2.40 | 114 | -0.03 | -0.00 | 0.03 | ||
| 2030 | 15.75 | 13.20 | -2.55 | 98 | -0.06 | -0.00 | 0.05 | ||
| 2031 | 15.88 | 13.21 | -2.67 | 81 | -0.09 | -0.00 | 0.08 | ||
| 2032 | 15.98 | 13.22 | -2.76 | 65 | -0.13 | -0.01 | 0.12 | ||
| 2033 | 16.05 | 13.23 | -2.82 | 48 | -0.18 | -0.01 | 0.17 | ||
| 2034 | 16.09 | 13.23 | -2.86 | 31 | -0.24 | -0.01 | 0.23 | ||
| 2035 | 16.10 | 13.24 | -2.86 | 14 | -0.30 | -0.01 | 0.29 | ||
| 2036 | 16.08 | 13.24 | -2.84 | ---- | -0.38 | -0.02 | 0.36 | ||
| 2037 | 16.05 | 13.24 | -2.81 | ---- | -0.46 | -0.02 | 0.44 | ||
| 2038 | 16.01 | 13.24 | -2.77 | ---- | -0.56 | -0.03 | 0.53 | ||
| 2039 | 15.95 | 13.24 | -2.71 | ---- | -0.65 | -0.03 | 0.62 | ||
| 2040 | 15.86 | 13.24 | -2.62 | ---- | -0.76 | -0.04 | 0.72 | ||
| 2041 | 15.74 | 13.23 | -2.51 | ---- | -0.87 | -0.04 | 0.82 | ||
| 2042 | 15.61 | 13.23 | -2.38 | ---- | -0.98 | -0.05 | 0.93 | ||
| 2043 | 15.46 | 13.22 | -2.24 | ---- | -1.10 | -0.05 | 1.05 | ||
| 2044 | 15.30 | 13.21 | -2.09 | ---- | -1.22 | -0.06 | 1.16 | ||
| 2045 | 15.13 | 13.20 | -1.93 | ---- | -1.35 | -0.07 | 1.28 | ||
| 2046 | 14.97 | 13.19 | -1.77 | ---- | -1.49 | -0.08 | 1.41 | ||
| 2047 | 14.80 | 13.19 | -1.61 | ---- | -1.63 | -0.08 | 1.54 | ||
| 2048 | 14.64 | 13.18 | -1.46 | ---- | -1.77 | -0.09 | 1.68 | ||
| 2049 | 14.47 | 13.17 | -1.30 | ---- | -1.91 | -0.10 | 1.81 | ||
| 2050 | 14.30 | 13.16 | -1.14 | ---- | -2.06 | -0.11 | 1.96 | ||
| 2051 | 14.15 | 13.15 | -0.99 | ---- | -2.21 | -0.12 | 2.10 | ||
| 2052 | 13.99 | 13.15 | -0.85 | ---- | -2.37 | -0.12 | 2.25 | ||
| 2053 | 13.84 | 13.14 | -0.70 | ---- | -2.53 | -0.13 | 2.40 | ||
| 2054 | 13.70 | 13.13 | -0.56 | ---- | -2.69 | -0.14 | 2.55 | ||
| 2055 | 13.56 | 13.13 | -0.43 | ---- | -2.85 | -0.15 | 2.70 | ||
| 2056 | 13.42 | 13.12 | -0.30 | ---- | -3.02 | -0.16 | 2.86 | ||
| 2057 | 13.30 | 13.11 | -0.18 | ---- | -3.18 | -0.17 | 3.01 | ||
| 2058 | 13.18 | 13.11 | -0.07 | ---- | -3.35 | -0.18 | 3.17 | ||
| 2059 | 13.06 | 13.10 | 0.04 | ---- | -3.51 | -0.19 | 3.32 | ||
| 2060 | 12.95 | 13.10 | 0.15 | ---- | -3.68 | -0.20 | 3.48 | ||
| 2061 | 12.84 | 13.09 | 0.25 | ---- | -3.84 | -0.21 | 3.63 | ||
| 2062 | 12.73 | 13.09 | 0.36 | ---- | -4.00 | -0.22 | 3.79 | ||
| 2063 | 12.62 | 13.08 | 0.46 | ---- | -4.16 | -0.23 | 3.94 | ||
| 2064 | 12.52 | 13.08 | 0.56 | ---- | -4.32 | -0.24 | 4.09 | ||
| 2065 | 12.42 | 13.07 | 0.66 | ---- | -4.48 | -0.24 | 4.24 | ||
| 2066 | 12.31 | 13.07 | 0.75 | ---- | -4.64 | -0.25 | 4.39 | ||
| 2067 | 12.22 | 13.06 | 0.85 | ---- | -4.80 | -0.26 | 4.53 | ||
| 2068 | 12.12 | 13.06 | 0.94 | ---- | -4.95 | -0.27 | 4.68 | ||
| 2069 | 12.02 | 13.05 | 1.03 | ---- | -5.11 | -0.28 | 4.83 | ||
| 2070 | 11.93 | 13.05 | 1.12 | ---- | -5.27 | -0.29 | 4.98 | ||
| 2071 | 11.83 | 13.04 | 1.21 | ---- | -5.42 | -0.30 | 5.12 | ||
| 2072 | 11.73 | 13.04 | 1.31 | ---- | -5.57 | -0.31 | 5.26 | ||
| 2073 | 11.63 | 13.03 | 1.41 | ---- | -5.72 | -0.32 | 5.40 | ||
| 2074 | 11.52 | 13.03 | 1.50 | ---- | -5.87 | -0.32 | 5.54 | ||
| 2075 | 11.42 | 13.02 | 1.60 | ---- | -6.01 | -0.33 | 5.68 | ||
| 2076 | 11.31 | 13.02 | 1.71 | ---- | -6.15 | -0.34 | 5.81 | ||
| 2077 | 11.19 | 13.01 | 1.82 | ---- | -6.28 | -0.35 | 5.93 | ||
| 2078 | 11.07 | 13.00 | 1.93 | ---- | -6.41 | -0.36 | 6.05 | ||
| 2079 | 10.95 | 13.00 | 2.05 | ---- | -6.53 | -0.36 | 6.17 | ||
| 2080 | 10.82 | 12.99 | 2.17 | ---- | -6.65 | -0.37 | 6.28 | ||
| 2081 | 10.68 | 12.98 | 2.30 | ---- | -6.76 | -0.38 | 6.38 | ||
| 2082 | 10.55 | 12.98 | 2.42 | ---- | -6.87 | -0.38 | 6.49 | ||
| 2083 | 10.42 | 12.97 | 2.55 | ---- | -6.98 | -0.39 | 6.59 | ||
| 2084 | 10.29 | 12.96 | 2.67 | ---- | -7.09 | -0.40 | 6.69 | ||
| 2085 | 10.16 | 12.95 | 2.79 | ---- | -7.19 | -0.40 | 6.79 | ||
| 2086 | 10.04 | 12.95 | 2.91 | ---- | -7.30 | -0.41 | 6.89 | ||
| 2087 | 9.92 | 12.94 | 3.02 | ---- | -7.41 | -0.41 | 6.99 | ||
| 2088 | 9.81 | 12.93 | 3.13 | ---- | -7.52 | -0.42 | 7.10 | ||
| 2089 | 9.70 | 12.93 | 3.23 | ---- | -7.63 | -0.43 | 7.21 | ||
| 2090 | 9.60 | 12.92 | 3.32 | ---- | -7.76 | -0.43 | 7.32 | ||
| 2091 | 9.51 | 12.92 | 3.41 | 34 | -7.88 | -0.44 | 7.44 | ||
| 2092 | 9.42 | 12.91 | 3.49 | 70 | -8.01 | -0.45 | 7.56 | ||
| 2093 | 9.34 | 12.91 | 3.57 | 109 | -8.14 | -0.45 | 7.68 | ||
| 2094 | 9.26 | 12.90 | 3.65 | 149 | -8.27 | -0.46 | 7.81 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2019-2093 | 13.61% | 13.65% | 0.04% | 2035 | -2.99% | -0.16% | 2.83% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2035. |
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Based on Intermediate Assumptions of the 2019 Trustees Report.