Detailed Single Year Tables
Description of Proposed Provision:
B3.13: For retired worker beneficiaries newly eligible in 2026 (excluding disabled workers), add a new bend point at the wage-indexed equivalent of the 50th percentile of the AIME distribution minus $100 (for 2015 eligibility) and change the PIA factors to 95/32/15/5. Also move the current-law first bend point from the wage-indexed equivalent of $926 in 2019 to $1,177 in 2019. Phase this provision in over 10 years (2026-2035). The phase-in would work on a weighted-average basis: 90% of CL formula + 10% of proposal formula for 2026, 80% of CL formula + 20% of proposal formula for 2027, and so on.
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 | -1.88 | 163 | 0.00 | 0.00 | -0.00 | ||
| 2027 | 15.19 | 13.13 | -2.06 | 147 | 0.00 | 0.00 | -0.00 | ||
| 2028 | 15.43 | 13.17 | -2.26 | 130 | 0.00 | 0.00 | -0.00 | ||
| 2029 | 15.63 | 13.19 | -2.44 | 114 | 0.00 | 0.00 | -0.00 | ||
| 2030 | 15.81 | 13.20 | -2.61 | 97 | 0.01 | 0.00 | -0.01 | ||
| 2031 | 15.97 | 13.22 | -2.76 | 80 | 0.01 | 0.00 | -0.01 | ||
| 2032 | 16.12 | 13.23 | -2.89 | 63 | 0.01 | 0.00 | -0.01 | ||
| 2033 | 16.24 | 13.24 | -3.01 | 46 | 0.01 | 0.00 | -0.01 | ||
| 2034 | 16.34 | 13.25 | -3.09 | 28 | 0.01 | 0.00 | -0.01 | ||
| 2035 | 16.41 | 13.25 | -3.16 | 9 | 0.01 | 0.00 | -0.01 | ||
| 2036 | 16.47 | 13.26 | -3.21 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2037 | 16.52 | 13.26 | -3.26 | ---- | 0.00 | 0.00 | -0.00 | ||
| 2038 | 16.56 | 13.27 | -3.30 | ---- | -0.00 | -0.00 | 0.00 | ||
| 2039 | 16.59 | 13.27 | -3.32 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2040 | 16.60 | 13.27 | -3.32 | ---- | -0.02 | -0.00 | 0.02 | ||
| 2041 | 16.58 | 13.27 | -3.31 | ---- | -0.03 | -0.00 | 0.03 | ||
| 2042 | 16.55 | 13.27 | -3.28 | ---- | -0.04 | -0.00 | 0.04 | ||
| 2043 | 16.50 | 13.27 | -3.23 | ---- | -0.05 | -0.00 | 0.05 | ||
| 2044 | 16.46 | 13.27 | -3.19 | ---- | -0.06 | -0.00 | 0.06 | ||
| 2045 | 16.41 | 13.27 | -3.15 | ---- | -0.07 | -0.00 | 0.07 | ||
| 2046 | 16.37 | 13.26 | -3.10 | ---- | -0.08 | -0.00 | 0.08 | ||
| 2047 | 16.33 | 13.26 | -3.07 | ---- | -0.09 | -0.01 | 0.09 | ||
| 2048 | 16.30 | 13.26 | -3.04 | ---- | -0.10 | -0.01 | 0.10 | ||
| 2049 | 16.27 | 13.26 | -3.01 | ---- | -0.11 | -0.01 | 0.10 | ||
| 2050 | 16.25 | 13.26 | -2.99 | ---- | -0.12 | -0.01 | 0.11 | ||
| 2051 | 16.23 | 13.26 | -2.97 | ---- | -0.13 | -0.01 | 0.12 | ||
| 2052 | 16.23 | 13.26 | -2.97 | ---- | -0.13 | -0.01 | 0.13 | ||
| 2053 | 16.23 | 13.26 | -2.97 | ---- | -0.14 | -0.01 | 0.13 | ||
| 2054 | 16.24 | 13.27 | -2.97 | ---- | -0.15 | -0.01 | 0.14 | ||
| 2055 | 16.26 | 13.27 | -2.99 | ---- | -0.15 | -0.01 | 0.14 | ||
| 2056 | 16.29 | 13.27 | -3.01 | ---- | -0.16 | -0.01 | 0.15 | ||
| 2057 | 16.32 | 13.27 | -3.04 | ---- | -0.16 | -0.01 | 0.15 | ||
| 2058 | 16.36 | 13.28 | -3.08 | ---- | -0.17 | -0.01 | 0.16 | ||
| 2059 | 16.41 | 13.28 | -3.12 | ---- | -0.17 | -0.01 | 0.16 | ||
| 2060 | 16.45 | 13.29 | -3.17 | ---- | -0.17 | -0.01 | 0.16 | ||
| 2061 | 16.50 | 13.29 | -3.21 | ---- | -0.18 | -0.01 | 0.17 | ||
| 2062 | 16.55 | 13.29 | -3.26 | ---- | -0.18 | -0.01 | 0.17 | ||
| 2063 | 16.60 | 13.30 | -3.31 | ---- | -0.18 | -0.01 | 0.17 | ||
| 2064 | 16.65 | 13.30 | -3.35 | ---- | -0.19 | -0.01 | 0.18 | ||
| 2065 | 16.71 | 13.31 | -3.40 | ---- | -0.19 | -0.01 | 0.18 | ||
| 2066 | 16.76 | 13.31 | -3.45 | ---- | -0.19 | -0.01 | 0.18 | ||
| 2067 | 16.82 | 13.31 | -3.51 | ---- | -0.19 | -0.01 | 0.18 | ||
| 2068 | 16.88 | 13.32 | -3.56 | ---- | -0.20 | -0.01 | 0.18 | ||
| 2069 | 16.94 | 13.32 | -3.61 | ---- | -0.20 | -0.01 | 0.19 | ||
| 2070 | 17.00 | 13.33 | -3.67 | ---- | -0.20 | -0.01 | 0.19 | ||
| 2071 | 17.05 | 13.33 | -3.72 | ---- | -0.20 | -0.01 | 0.19 | ||
| 2072 | 17.10 | 13.33 | -3.77 | ---- | -0.20 | -0.01 | 0.19 | ||
| 2073 | 17.15 | 13.34 | -3.81 | ---- | -0.20 | -0.01 | 0.19 | ||
| 2074 | 17.19 | 13.34 | -3.85 | ---- | -0.20 | -0.01 | 0.19 | ||
| 2075 | 17.23 | 13.34 | -3.88 | ---- | -0.20 | -0.01 | 0.19 | ||
| 2076 | 17.25 | 13.35 | -3.91 | ---- | -0.21 | -0.01 | 0.19 | ||
| 2077 | 17.27 | 13.35 | -3.92 | ---- | -0.21 | -0.01 | 0.19 | ||
| 2078 | 17.28 | 13.35 | -3.93 | ---- | -0.21 | -0.01 | 0.20 | ||
| 2079 | 17.27 | 13.35 | -3.92 | ---- | -0.21 | -0.01 | 0.20 | ||
| 2080 | 17.25 | 13.35 | -3.91 | ---- | -0.21 | -0.01 | 0.20 | ||
| 2081 | 17.23 | 13.35 | -3.89 | ---- | -0.21 | -0.01 | 0.20 | ||
| 2082 | 17.21 | 13.35 | -3.87 | ---- | -0.21 | -0.01 | 0.20 | ||
| 2083 | 17.19 | 13.34 | -3.85 | ---- | -0.21 | -0.01 | 0.20 | ||
| 2084 | 17.17 | 13.34 | -3.82 | ---- | -0.21 | -0.01 | 0.20 | ||
| 2085 | 17.14 | 13.34 | -3.80 | ---- | -0.21 | -0.01 | 0.20 | ||
| 2086 | 17.12 | 13.34 | -3.78 | ---- | -0.21 | -0.01 | 0.20 | ||
| 2087 | 17.11 | 13.34 | -3.77 | ---- | -0.21 | -0.01 | 0.20 | ||
| 2088 | 17.11 | 13.34 | -3.77 | ---- | -0.21 | -0.01 | 0.20 | ||
| 2089 | 17.12 | 13.34 | -3.78 | ---- | -0.22 | -0.01 | 0.20 | ||
| 2090 | 17.14 | 13.34 | -3.80 | ---- | -0.22 | -0.01 | 0.20 | ||
| 2091 | 17.17 | 13.34 | -3.83 | ---- | -0.22 | -0.01 | 0.20 | ||
| 2092 | 17.21 | 13.35 | -3.87 | ---- | -0.22 | -0.01 | 0.20 | ||
| 2093 | 17.26 | 13.35 | -3.91 | ---- | -0.22 | -0.01 | 0.20 | ||
| 2094 | 17.30 | 13.35 | -3.95 | ---- | -0.22 | -0.01 | 0.21 | ||
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 | 16.49% | 13.80% | -2.68% | 2035 | -0.11% | -0.01% | 0.10% | ||
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.