Detailed Single Year Tables
Description of Proposed Provision:
A8: Starting December 2022, for OASI beneficiaries only (DI beneficiaries would only be affected when their benefit converts to OASI at NRA), the annual COLA would be based on the chain-weighted version of the CPI-U.
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 |
|||
| 2021 | 14.11 | 12.31 | -1.81 | 253 | 0.00 | 0.00 | 0.00 | ||
| 2022 | 14.30 | 12.93 | -1.38 | 231 | 0.00 | 0.00 | 0.00 | ||
| 2023 | 14.39 | 12.91 | -1.48 | 214 | -0.04 | -0.00 | 0.03 | ||
| 2024 | 14.56 | 12.94 | -1.62 | 197 | -0.07 | -0.00 | 0.07 | ||
| 2025 | 14.74 | 12.95 | -1.79 | 180 | -0.11 | -0.00 | 0.11 | ||
| 2026 | 14.95 | 13.07 | -1.88 | 162 | -0.15 | -0.01 | 0.14 | ||
| 2027 | 15.18 | 13.09 | -2.08 | 145 | -0.19 | -0.01 | 0.18 | ||
| 2028 | 15.40 | 13.13 | -2.27 | 128 | -0.23 | -0.01 | 0.21 | ||
| 2029 | 15.61 | 13.16 | -2.45 | 110 | -0.26 | -0.01 | 0.25 | ||
| 2030 | 15.81 | 13.17 | -2.63 | 92 | -0.30 | -0.02 | 0.29 | ||
| 2031 | 15.95 | 13.19 | -2.76 | 75 | -0.34 | -0.02 | 0.32 | ||
| 2032 | 16.07 | 13.20 | -2.87 | 57 | -0.37 | -0.02 | 0.35 | ||
| 2033 | 16.16 | 13.21 | -2.95 | 39 | -0.40 | -0.02 | 0.38 | ||
| 2034 | 16.23 | 13.21 | -3.02 | 21 | -0.43 | -0.02 | 0.40 | ||
| 2035 | 16.28 | 13.22 | -3.06 | 3 | -0.45 | -0.03 | 0.43 | ||
| 2036 | 16.32 | 13.22 | -3.10 | ---- | -0.48 | -0.03 | 0.45 | ||
| 2037 | 16.36 | 13.23 | -3.13 | ---- | -0.50 | -0.03 | 0.47 | ||
| 2038 | 16.39 | 13.23 | -3.16 | ---- | -0.52 | -0.03 | 0.49 | ||
| 2039 | 16.41 | 13.24 | -3.17 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2040 | 16.42 | 13.24 | -3.18 | ---- | -0.56 | -0.03 | 0.53 | ||
| 2041 | 16.44 | 13.24 | -3.20 | ---- | -0.58 | -0.03 | 0.54 | ||
| 2042 | 16.45 | 13.24 | -3.21 | ---- | -0.59 | -0.03 | 0.56 | ||
| 2043 | 16.44 | 13.24 | -3.20 | ---- | -0.60 | -0.03 | 0.57 | ||
| 2044 | 16.43 | 13.24 | -3.19 | ---- | -0.61 | -0.04 | 0.58 | ||
| 2045 | 16.43 | 13.24 | -3.18 | ---- | -0.62 | -0.04 | 0.59 | ||
| 2046 | 16.43 | 13.24 | -3.18 | ---- | -0.63 | -0.04 | 0.59 | ||
| 2047 | 16.44 | 13.25 | -3.19 | ---- | -0.64 | -0.04 | 0.60 | ||
| 2048 | 16.46 | 13.25 | -3.21 | ---- | -0.64 | -0.04 | 0.60 | ||
| 2049 | 16.47 | 13.25 | -3.22 | ---- | -0.65 | -0.04 | 0.61 | ||
| 2050 | 16.49 | 13.25 | -3.24 | ---- | -0.65 | -0.04 | 0.61 | ||
| 2051 | 16.51 | 13.26 | -3.25 | ---- | -0.65 | -0.04 | 0.61 | ||
| 2052 | 16.54 | 13.26 | -3.28 | ---- | -0.65 | -0.04 | 0.61 | ||
| 2053 | 16.57 | 13.26 | -3.30 | ---- | -0.65 | -0.04 | 0.62 | ||
| 2054 | 16.60 | 13.26 | -3.33 | ---- | -0.66 | -0.04 | 0.62 | ||
| 2055 | 16.64 | 13.27 | -3.37 | ---- | -0.66 | -0.04 | 0.62 | ||
| 2056 | 16.68 | 13.27 | -3.41 | ---- | -0.66 | -0.04 | 0.62 | ||
| 2057 | 16.73 | 13.28 | -3.45 | ---- | -0.66 | -0.04 | 0.62 | ||
| 2058 | 16.78 | 13.28 | -3.50 | ---- | -0.66 | -0.04 | 0.62 | ||
| 2059 | 16.83 | 13.28 | -3.54 | ---- | -0.66 | -0.04 | 0.62 | ||
| 2060 | 16.88 | 13.29 | -3.59 | ---- | -0.66 | -0.04 | 0.63 | ||
| 2061 | 16.93 | 13.29 | -3.64 | ---- | -0.67 | -0.04 | 0.63 | ||
| 2062 | 16.98 | 13.30 | -3.68 | ---- | -0.67 | -0.04 | 0.63 | ||
| 2063 | 17.03 | 13.30 | -3.73 | ---- | -0.67 | -0.04 | 0.63 | ||
| 2064 | 17.07 | 13.30 | -3.77 | ---- | -0.68 | -0.04 | 0.64 | ||
| 2065 | 17.12 | 13.31 | -3.81 | ---- | -0.68 | -0.04 | 0.64 | ||
| 2066 | 17.17 | 13.31 | -3.86 | ---- | -0.68 | -0.04 | 0.64 | ||
| 2067 | 17.22 | 13.32 | -3.90 | ---- | -0.69 | -0.04 | 0.65 | ||
| 2068 | 17.26 | 13.32 | -3.94 | ---- | -0.69 | -0.04 | 0.65 | ||
| 2069 | 17.31 | 13.32 | -3.99 | ---- | -0.70 | -0.04 | 0.66 | ||
| 2070 | 17.37 | 13.33 | -4.04 | ---- | -0.70 | -0.04 | 0.66 | ||
| 2071 | 17.42 | 13.33 | -4.08 | ---- | -0.71 | -0.04 | 0.66 | ||
| 2072 | 17.46 | 13.34 | -4.13 | ---- | -0.71 | -0.04 | 0.67 | ||
| 2073 | 17.51 | 13.34 | -4.17 | ---- | -0.71 | -0.04 | 0.67 | ||
| 2074 | 17.56 | 13.34 | -4.21 | ---- | -0.72 | -0.04 | 0.68 | ||
| 2075 | 17.59 | 13.35 | -4.25 | ---- | -0.72 | -0.04 | 0.68 | ||
| 2076 | 17.62 | 13.35 | -4.27 | ---- | -0.73 | -0.04 | 0.68 | ||
| 2077 | 17.64 | 13.35 | -4.29 | ---- | -0.73 | -0.04 | 0.69 | ||
| 2078 | 17.64 | 13.35 | -4.29 | ---- | -0.73 | -0.04 | 0.69 | ||
| 2079 | 17.64 | 13.35 | -4.28 | ---- | -0.73 | -0.04 | 0.69 | ||
| 2080 | 17.62 | 13.35 | -4.27 | ---- | -0.74 | -0.04 | 0.69 | ||
| 2081 | 17.59 | 13.35 | -4.24 | ---- | -0.74 | -0.04 | 0.69 | ||
| 2082 | 17.56 | 13.35 | -4.21 | ---- | -0.74 | -0.04 | 0.69 | ||
| 2083 | 17.51 | 13.35 | -4.17 | ---- | -0.74 | -0.04 | 0.69 | ||
| 2084 | 17.46 | 13.34 | -4.12 | ---- | -0.74 | -0.04 | 0.69 | ||
| 2085 | 17.40 | 13.34 | -4.06 | ---- | -0.74 | -0.04 | 0.69 | ||
| 2086 | 17.34 | 13.34 | -4.00 | ---- | -0.74 | -0.04 | 0.69 | ||
| 2087 | 17.27 | 13.33 | -3.94 | ---- | -0.74 | -0.04 | 0.69 | ||
| 2088 | 17.20 | 13.33 | -3.87 | ---- | -0.74 | -0.04 | 0.69 | ||
| 2089 | 17.14 | 13.32 | -3.81 | ---- | -0.73 | -0.04 | 0.69 | ||
| 2090 | 17.08 | 13.32 | -3.76 | ---- | -0.73 | -0.04 | 0.69 | ||
| 2091 | 17.04 | 13.32 | -3.72 | ---- | -0.73 | -0.04 | 0.69 | ||
| 2092 | 17.01 | 13.32 | -3.69 | ---- | -0.73 | -0.04 | 0.68 | ||
| 2093 | 16.99 | 13.32 | -3.67 | ---- | -0.73 | -0.04 | 0.68 | ||
| 2094 | 16.98 | 13.31 | -3.66 | ---- | -0.72 | -0.04 | 0.68 | ||
| 2095 | 16.98 | 13.31 | -3.66 | ---- | -0.72 | -0.04 | 0.68 | ||
| 2096 | 16.98 | 13.32 | -3.67 | ---- | -0.72 | -0.04 | 0.68 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2021-2095 | 16.74% | 13.74% | -3.00% | 2035 | -0.57% | -0.03% | 0.54% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2034. |
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Based on Intermediate Assumptions of the 2021 Trustees Report.