Detailed Single Year Tables
Description of Proposed Provision:
B7.13: Eliminate the DI 5-month waiting period for disabled workers and disabled surviving spouses, and eliminate the 24-month Medicare (HI) waiting period for individuals who have become entitled to Social Security disability benefits. Effective with 2021 applications.
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 | 14.08 | 12.90 | -1.18 | 247 | 0.03 | 0.00 | -0.03 | ||
| 2022 | 14.30 | 12.93 | -1.37 | 232 | 0.05 | 0.00 | -0.05 | ||
| 2023 | 14.51 | 12.95 | -1.57 | 215 | 0.08 | 0.00 | -0.08 | ||
| 2024 | 14.74 | 12.98 | -1.76 | 198 | 0.09 | 0.00 | -0.09 | ||
| 2025 | 14.98 | 13.00 | -1.98 | 180 | 0.10 | 0.00 | -0.10 | ||
| 2026 | 15.21 | 13.13 | -2.09 | 162 | 0.10 | 0.00 | -0.10 | ||
| 2027 | 15.45 | 13.15 | -2.30 | 144 | 0.10 | 0.00 | -0.10 | ||
| 2028 | 15.69 | 13.19 | -2.50 | 126 | 0.11 | 0.00 | -0.10 | ||
| 2029 | 15.94 | 13.23 | -2.71 | 107 | 0.11 | 0.00 | -0.11 | ||
| 2030 | 16.13 | 13.24 | -2.89 | 89 | 0.11 | 0.00 | -0.11 | ||
| 2031 | 16.30 | 13.26 | -3.04 | 70 | 0.11 | 0.00 | -0.11 | ||
| 2032 | 16.45 | 13.27 | -3.18 | 51 | 0.11 | 0.00 | -0.11 | ||
| 2033 | 16.57 | 13.28 | -3.29 | 32 | 0.12 | 0.00 | -0.11 | ||
| 2034 | 16.67 | 13.29 | -3.38 | 13 | 0.12 | 0.00 | -0.11 | ||
| 2035 | 16.74 | 13.30 | -3.45 | ---- | 0.12 | 0.00 | -0.12 | ||
| 2036 | 16.81 | 13.30 | -3.50 | ---- | 0.12 | 0.00 | -0.12 | ||
| 2037 | 16.86 | 13.31 | -3.55 | ---- | 0.12 | 0.00 | -0.12 | ||
| 2038 | 16.91 | 13.31 | -3.60 | ---- | 0.12 | 0.00 | -0.12 | ||
| 2039 | 16.94 | 13.32 | -3.63 | ---- | 0.12 | 0.00 | -0.12 | ||
| 2040 | 16.97 | 13.32 | -3.65 | ---- | 0.13 | 0.00 | -0.12 | ||
| 2041 | 16.99 | 13.32 | -3.67 | ---- | 0.13 | 0.00 | -0.13 | ||
| 2042 | 16.99 | 13.32 | -3.67 | ---- | 0.13 | 0.00 | -0.13 | ||
| 2043 | 16.98 | 13.32 | -3.66 | ---- | 0.13 | 0.00 | -0.13 | ||
| 2044 | 16.97 | 13.32 | -3.64 | ---- | 0.13 | 0.00 | -0.13 | ||
| 2045 | 16.95 | 13.32 | -3.63 | ---- | 0.13 | 0.00 | -0.13 | ||
| 2046 | 16.94 | 13.32 | -3.61 | ---- | 0.14 | 0.00 | -0.13 | ||
| 2047 | 16.93 | 13.32 | -3.60 | ---- | 0.14 | 0.00 | -0.13 | ||
| 2048 | 16.92 | 13.32 | -3.60 | ---- | 0.14 | 0.00 | -0.13 | ||
| 2049 | 16.92 | 13.32 | -3.60 | ---- | 0.14 | 0.00 | -0.13 | ||
| 2050 | 16.93 | 13.33 | -3.60 | ---- | 0.14 | 0.00 | -0.14 | ||
| 2051 | 16.93 | 13.33 | -3.60 | ---- | 0.14 | 0.00 | -0.14 | ||
| 2052 | 16.95 | 13.33 | -3.62 | ---- | 0.14 | 0.00 | -0.14 | ||
| 2053 | 16.97 | 13.33 | -3.64 | ---- | 0.14 | 0.00 | -0.14 | ||
| 2054 | 17.00 | 13.33 | -3.66 | ---- | 0.14 | 0.00 | -0.14 | ||
| 2055 | 17.03 | 13.34 | -3.69 | ---- | 0.14 | 0.00 | -0.14 | ||
| 2056 | 17.07 | 13.34 | -3.73 | ---- | 0.14 | 0.00 | -0.14 | ||
| 2057 | 17.12 | 13.35 | -3.77 | ---- | 0.14 | 0.00 | -0.14 | ||
| 2058 | 17.17 | 13.35 | -3.82 | ---- | 0.14 | 0.00 | -0.14 | ||
| 2059 | 17.22 | 13.35 | -3.87 | ---- | 0.14 | 0.00 | -0.13 | ||
| 2060 | 17.28 | 13.36 | -3.92 | ---- | 0.14 | 0.00 | -0.13 | ||
| 2061 | 17.34 | 13.36 | -3.98 | ---- | 0.14 | 0.00 | -0.13 | ||
| 2062 | 17.40 | 13.37 | -4.03 | ---- | 0.14 | 0.00 | -0.13 | ||
| 2063 | 17.47 | 13.37 | -4.09 | ---- | 0.14 | 0.00 | -0.13 | ||
| 2064 | 17.53 | 13.38 | -4.15 | ---- | 0.14 | 0.00 | -0.13 | ||
| 2065 | 17.59 | 13.38 | -4.21 | ---- | 0.14 | 0.00 | -0.13 | ||
| 2066 | 17.66 | 13.39 | -4.27 | ---- | 0.14 | 0.00 | -0.13 | ||
| 2067 | 17.73 | 13.39 | -4.34 | ---- | 0.14 | 0.00 | -0.13 | ||
| 2068 | 17.80 | 13.40 | -4.40 | ---- | 0.14 | 0.00 | -0.13 | ||
| 2069 | 17.87 | 13.40 | -4.47 | ---- | 0.14 | 0.00 | -0.13 | ||
| 2070 | 17.94 | 13.41 | -4.53 | ---- | 0.14 | 0.00 | -0.13 | ||
| 2071 | 18.01 | 13.41 | -4.59 | ---- | 0.14 | 0.00 | -0.13 | ||
| 2072 | 18.07 | 13.42 | -4.65 | ---- | 0.14 | 0.00 | -0.13 | ||
| 2073 | 18.12 | 13.42 | -4.70 | ---- | 0.14 | 0.00 | -0.13 | ||
| 2074 | 18.17 | 13.43 | -4.74 | ---- | 0.13 | 0.00 | -0.13 | ||
| 2075 | 18.21 | 13.43 | -4.78 | ---- | 0.13 | 0.00 | -0.13 | ||
| 2076 | 18.25 | 13.43 | -4.82 | ---- | 0.13 | 0.00 | -0.13 | ||
| 2077 | 18.27 | 13.43 | -4.84 | ---- | 0.13 | 0.00 | -0.13 | ||
| 2078 | 18.29 | 13.44 | -4.85 | ---- | 0.13 | 0.00 | -0.13 | ||
| 2079 | 18.28 | 13.44 | -4.85 | ---- | 0.13 | 0.00 | -0.13 | ||
| 2080 | 18.27 | 13.44 | -4.84 | ---- | 0.13 | 0.00 | -0.13 | ||
| 2081 | 18.25 | 13.44 | -4.82 | ---- | 0.13 | 0.00 | -0.13 | ||
| 2082 | 18.23 | 13.43 | -4.79 | ---- | 0.13 | 0.00 | -0.13 | ||
| 2083 | 18.20 | 13.43 | -4.77 | ---- | 0.13 | 0.00 | -0.13 | ||
| 2084 | 18.17 | 13.43 | -4.74 | ---- | 0.13 | 0.00 | -0.13 | ||
| 2085 | 18.13 | 13.43 | -4.70 | ---- | 0.14 | 0.00 | -0.13 | ||
| 2086 | 18.09 | 13.43 | -4.67 | ---- | 0.14 | 0.00 | -0.13 | ||
| 2087 | 18.06 | 13.42 | -4.64 | ---- | 0.14 | 0.00 | -0.13 | ||
| 2088 | 18.03 | 13.42 | -4.61 | ---- | 0.14 | 0.00 | -0.13 | ||
| 2089 | 18.01 | 13.42 | -4.59 | ---- | 0.14 | 0.00 | -0.14 | ||
| 2090 | 18.00 | 13.42 | -4.58 | ---- | 0.14 | 0.00 | -0.14 | ||
| 2091 | 18.01 | 13.42 | -4.59 | ---- | 0.14 | 0.00 | -0.14 | ||
| 2092 | 18.02 | 13.42 | -4.60 | ---- | 0.14 | 0.00 | -0.14 | ||
| 2093 | 18.04 | 13.42 | -4.62 | ---- | 0.14 | 0.00 | -0.14 | ||
| 2094 | 18.08 | 13.43 | -4.65 | ---- | 0.14 | 0.00 | -0.14 | ||
| 2095 | 18.11 | 13.43 | -4.68 | ---- | 0.14 | 0.00 | -0.14 | ||
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 | 17.19% | 13.85% | -3.34% | 2034 | 0.13% | 0.00% | -0.12% | ||
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.