Detailed Single Year Tables
Description of Proposed Provision:
D3: Allow divorced aged spouses and divorced surviving spouses married 5 to 9 years to get benefits based on the former spouse's account. Divorced aged and surviving spouses would receive 50% of the applicable current-law PIA percentage if married 5 years, 60% of the applicable PIA percentage if married 6 years, ..., 90% of the applicable PIA percentage if married 9 years. This benefit would be available to divorced spouses on the rolls at the beginning of 2022 and those becoming eligible after 2022.
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 |
|||
| 2020 | 13.92 | 13.00 | -0.92 | 261 | 0.00 | 0.00 | 0.00 | ||
| 2021 | 14.05 | 12.90 | -1.15 | 248 | 0.00 | 0.00 | 0.00 | ||
| 2022 | 14.27 | 12.93 | -1.35 | 232 | 0.03 | 0.00 | -0.02 | ||
| 2023 | 14.46 | 12.95 | -1.51 | 216 | 0.03 | 0.00 | -0.02 | ||
| 2024 | 14.67 | 12.98 | -1.69 | 199 | 0.03 | 0.00 | -0.02 | ||
| 2025 | 14.90 | 13.00 | -1.91 | 182 | 0.03 | 0.00 | -0.02 | ||
| 2026 | 15.14 | 13.13 | -2.01 | 164 | 0.03 | 0.00 | -0.02 | ||
| 2027 | 15.37 | 13.15 | -2.22 | 147 | 0.03 | 0.00 | -0.02 | ||
| 2028 | 15.61 | 13.19 | -2.42 | 129 | 0.03 | 0.00 | -0.02 | ||
| 2029 | 15.86 | 13.23 | -2.63 | 111 | 0.03 | 0.00 | -0.02 | ||
| 2030 | 16.05 | 13.24 | -2.80 | 93 | 0.03 | 0.00 | -0.02 | ||
| 2031 | 16.21 | 13.26 | -2.96 | 74 | 0.03 | 0.00 | -0.02 | ||
| 2032 | 16.36 | 13.27 | -3.09 | 56 | 0.03 | 0.00 | -0.02 | ||
| 2033 | 16.48 | 13.28 | -3.20 | 37 | 0.03 | 0.00 | -0.02 | ||
| 2034 | 16.58 | 13.29 | -3.29 | 19 | 0.03 | 0.00 | -0.02 | ||
| 2035 | 16.65 | 13.29 | -3.36 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2036 | 16.71 | 13.30 | -3.41 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2037 | 16.76 | 13.31 | -3.46 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2038 | 16.81 | 13.31 | -3.50 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2039 | 16.84 | 13.31 | -3.53 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2040 | 16.87 | 13.32 | -3.55 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2041 | 16.88 | 13.32 | -3.56 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2042 | 16.88 | 13.32 | -3.56 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2043 | 16.87 | 13.32 | -3.55 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2044 | 16.85 | 13.32 | -3.53 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2045 | 16.84 | 13.32 | -3.52 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2046 | 16.82 | 13.32 | -3.50 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2047 | 16.81 | 13.32 | -3.49 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2048 | 16.81 | 13.32 | -3.49 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2049 | 16.80 | 13.32 | -3.48 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2050 | 16.81 | 13.32 | -3.48 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2051 | 16.81 | 13.33 | -3.49 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2052 | 16.83 | 13.33 | -3.50 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2053 | 16.85 | 13.33 | -3.52 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2054 | 16.88 | 13.33 | -3.54 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2055 | 16.91 | 13.34 | -3.57 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2056 | 16.95 | 13.34 | -3.61 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2057 | 16.99 | 13.34 | -3.65 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2058 | 17.04 | 13.35 | -3.70 | ---- | 0.02 | 0.00 | -0.01 | ||
| 2059 | 17.10 | 13.35 | -3.75 | ---- | 0.02 | 0.00 | -0.01 | ||
| 2060 | 17.16 | 13.36 | -3.80 | ---- | 0.02 | 0.00 | -0.01 | ||
| 2061 | 17.22 | 13.36 | -3.86 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2062 | 17.28 | 13.37 | -3.91 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2063 | 17.34 | 13.37 | -3.97 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2064 | 17.41 | 13.38 | -4.03 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2065 | 17.47 | 13.38 | -4.09 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2066 | 17.54 | 13.39 | -4.15 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2067 | 17.61 | 13.39 | -4.22 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2068 | 17.68 | 13.40 | -4.28 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2069 | 17.75 | 13.40 | -4.35 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2070 | 17.82 | 13.41 | -4.41 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2071 | 17.88 | 13.41 | -4.47 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2072 | 17.94 | 13.42 | -4.53 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2073 | 18.00 | 13.42 | -4.58 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2074 | 18.05 | 13.42 | -4.63 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2075 | 18.09 | 13.43 | -4.67 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2076 | 18.13 | 13.43 | -4.70 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2077 | 18.15 | 13.43 | -4.72 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2078 | 18.17 | 13.43 | -4.73 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2079 | 18.16 | 13.43 | -4.73 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2080 | 18.15 | 13.43 | -4.72 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2081 | 18.13 | 13.43 | -4.70 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2082 | 18.11 | 13.43 | -4.67 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2083 | 18.08 | 13.43 | -4.65 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2084 | 18.05 | 13.43 | -4.62 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2085 | 18.01 | 13.43 | -4.58 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2086 | 17.97 | 13.42 | -4.55 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2087 | 17.94 | 13.42 | -4.51 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2088 | 17.91 | 13.42 | -4.49 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2089 | 17.89 | 13.42 | -4.47 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2090 | 17.88 | 13.42 | -4.46 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2091 | 17.88 | 13.42 | -4.46 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2092 | 17.89 | 13.42 | -4.47 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2093 | 17.92 | 13.42 | -4.50 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2094 | 17.95 | 13.42 | -4.53 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2095 | 17.99 | 13.43 | -4.56 | ---- | 0.01 | 0.00 | -0.01 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2020-2094 | 17.08% | 13.85% | -3.23% | 2034 | 0.02% | 0.00% | -0.02% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2035. |
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Based on Intermediate Assumptions of the 2020 Trustees Report.