Detailed Single Year Tables
Description of Proposed Provision:
B4.3: For the OASI and DI computation of the PIA, gradually reduce the maximum number of drop-out years from 5 to 0, phased in over the years 2025-2033.
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 |
|||
| 2023 | 14.53 | 13.29 | -1.24 | 204 | 0.00 | 0.00 | 0.00 | ||
| 2024 | 14.87 | 12.89 | -1.98 | 187 | 0.00 | 0.00 | 0.00 | ||
| 2025 | 15.04 | 12.97 | -2.07 | 168 | -0.00 | -0.00 | 0.00 | ||
| 2026 | 15.23 | 13.08 | -2.15 | 149 | -0.00 | -0.00 | 0.00 | ||
| 2027 | 15.37 | 13.09 | -2.28 | 131 | -0.01 | -0.00 | 0.01 | ||
| 2028 | 15.54 | 13.13 | -2.41 | 114 | -0.02 | -0.00 | 0.02 | ||
| 2029 | 15.69 | 13.16 | -2.53 | 96 | -0.03 | -0.00 | 0.02 | ||
| 2030 | 15.83 | 13.18 | -2.65 | 79 | -0.04 | -0.00 | 0.04 | ||
| 2031 | 15.95 | 13.21 | -2.74 | 61 | -0.06 | -0.00 | 0.05 | ||
| 2032 | 16.07 | 13.23 | -2.83 | 44 | -0.08 | -0.00 | 0.08 | ||
| 2033 | 16.16 | 13.24 | -2.92 | 26 | -0.11 | -0.00 | 0.10 | ||
| 2034 | 16.25 | 13.25 | -2.99 | 9 | -0.14 | -0.01 | 0.13 | ||
| 2035 | 16.31 | 13.26 | -3.05 | ---- | -0.17 | -0.01 | 0.16 | ||
| 2036 | 16.35 | 13.26 | -3.09 | ---- | -0.20 | -0.01 | 0.19 | ||
| 2037 | 16.39 | 13.27 | -3.12 | ---- | -0.24 | -0.01 | 0.23 | ||
| 2038 | 16.42 | 13.27 | -3.14 | ---- | -0.28 | -0.01 | 0.26 | ||
| 2039 | 16.43 | 13.28 | -3.16 | ---- | -0.31 | -0.02 | 0.30 | ||
| 2040 | 16.43 | 13.28 | -3.15 | ---- | -0.35 | -0.02 | 0.33 | ||
| 2041 | 16.42 | 13.28 | -3.14 | ---- | -0.38 | -0.02 | 0.36 | ||
| 2042 | 16.40 | 13.28 | -3.12 | ---- | -0.42 | -0.02 | 0.40 | ||
| 2043 | 16.38 | 13.28 | -3.10 | ---- | -0.45 | -0.02 | 0.43 | ||
| 2044 | 16.36 | 13.28 | -3.08 | ---- | -0.48 | -0.02 | 0.46 | ||
| 2045 | 16.35 | 13.28 | -3.07 | ---- | -0.51 | -0.03 | 0.49 | ||
| 2046 | 16.34 | 13.28 | -3.05 | ---- | -0.55 | -0.03 | 0.52 | ||
| 2047 | 16.33 | 13.28 | -3.04 | ---- | -0.58 | -0.03 | 0.55 | ||
| 2048 | 16.32 | 13.28 | -3.04 | ---- | -0.60 | -0.03 | 0.57 | ||
| 2049 | 16.32 | 13.28 | -3.04 | ---- | -0.63 | -0.03 | 0.60 | ||
| 2050 | 16.33 | 13.29 | -3.04 | ---- | -0.66 | -0.04 | 0.63 | ||
| 2051 | 16.33 | 13.29 | -3.04 | ---- | -0.69 | -0.04 | 0.65 | ||
| 2052 | 16.35 | 13.29 | -3.06 | ---- | -0.71 | -0.04 | 0.67 | ||
| 2053 | 16.37 | 13.29 | -3.08 | ---- | -0.74 | -0.04 | 0.70 | ||
| 2054 | 16.41 | 13.30 | -3.11 | ---- | -0.76 | -0.04 | 0.72 | ||
| 2055 | 16.45 | 13.30 | -3.15 | ---- | -0.78 | -0.04 | 0.74 | ||
| 2056 | 16.50 | 13.30 | -3.20 | ---- | -0.80 | -0.04 | 0.76 | ||
| 2057 | 16.56 | 13.31 | -3.25 | ---- | -0.82 | -0.05 | 0.77 | ||
| 2058 | 16.62 | 13.31 | -3.31 | ---- | -0.84 | -0.05 | 0.79 | ||
| 2059 | 16.69 | 13.32 | -3.37 | ---- | -0.85 | -0.05 | 0.80 | ||
| 2060 | 16.75 | 13.33 | -3.43 | ---- | -0.87 | -0.05 | 0.82 | ||
| 2061 | 16.81 | 13.33 | -3.48 | ---- | -0.88 | -0.05 | 0.83 | ||
| 2062 | 16.87 | 13.34 | -3.54 | ---- | -0.89 | -0.05 | 0.84 | ||
| 2063 | 16.93 | 13.34 | -3.59 | ---- | -0.90 | -0.05 | 0.85 | ||
| 2064 | 16.98 | 13.34 | -3.64 | ---- | -0.90 | -0.05 | 0.85 | ||
| 2065 | 17.03 | 13.35 | -3.69 | ---- | -0.91 | -0.05 | 0.86 | ||
| 2066 | 17.09 | 13.35 | -3.73 | ---- | -0.92 | -0.05 | 0.87 | ||
| 2067 | 17.14 | 13.36 | -3.78 | ---- | -0.92 | -0.05 | 0.87 | ||
| 2068 | 17.19 | 13.36 | -3.83 | ---- | -0.93 | -0.05 | 0.87 | ||
| 2069 | 17.24 | 13.37 | -3.88 | ---- | -0.93 | -0.05 | 0.88 | ||
| 2070 | 17.29 | 13.37 | -3.92 | ---- | -0.94 | -0.05 | 0.88 | ||
| 2071 | 17.34 | 13.37 | -3.97 | ---- | -0.94 | -0.05 | 0.89 | ||
| 2072 | 17.39 | 13.38 | -4.01 | ---- | -0.94 | -0.05 | 0.89 | ||
| 2073 | 17.44 | 13.38 | -4.05 | ---- | -0.95 | -0.05 | 0.89 | ||
| 2074 | 17.48 | 13.39 | -4.09 | ---- | -0.95 | -0.05 | 0.90 | ||
| 2075 | 17.51 | 13.39 | -4.12 | ---- | -0.95 | -0.05 | 0.90 | ||
| 2076 | 17.53 | 13.39 | -4.14 | ---- | -0.96 | -0.05 | 0.90 | ||
| 2077 | 17.55 | 13.39 | -4.15 | ---- | -0.96 | -0.05 | 0.90 | ||
| 2078 | 17.55 | 13.39 | -4.15 | ---- | -0.96 | -0.05 | 0.90 | ||
| 2079 | 17.53 | 13.39 | -4.14 | ---- | -0.96 | -0.05 | 0.90 | ||
| 2080 | 17.51 | 13.39 | -4.12 | ---- | -0.96 | -0.05 | 0.90 | ||
| 2081 | 17.48 | 13.39 | -4.09 | ---- | -0.95 | -0.05 | 0.90 | ||
| 2082 | 17.44 | 13.39 | -4.05 | ---- | -0.95 | -0.05 | 0.90 | ||
| 2083 | 17.39 | 13.39 | -4.01 | ---- | -0.95 | -0.05 | 0.90 | ||
| 2084 | 17.34 | 13.38 | -3.96 | ---- | -0.95 | -0.05 | 0.89 | ||
| 2085 | 17.28 | 13.38 | -3.90 | ---- | -0.95 | -0.05 | 0.89 | ||
| 2086 | 17.22 | 13.38 | -3.84 | ---- | -0.94 | -0.05 | 0.89 | ||
| 2087 | 17.15 | 13.37 | -3.78 | ---- | -0.94 | -0.05 | 0.88 | ||
| 2088 | 17.08 | 13.37 | -3.72 | ---- | -0.94 | -0.05 | 0.88 | ||
| 2089 | 17.02 | 13.36 | -3.66 | ---- | -0.93 | -0.05 | 0.88 | ||
| 2090 | 16.96 | 13.36 | -3.60 | ---- | -0.93 | -0.05 | 0.88 | ||
| 2091 | 16.91 | 13.36 | -3.56 | ---- | -0.93 | -0.05 | 0.87 | ||
| 2092 | 16.87 | 13.35 | -3.52 | ---- | -0.93 | -0.05 | 0.87 | ||
| 2093 | 16.85 | 13.35 | -3.49 | ---- | -0.92 | -0.05 | 0.87 | ||
| 2094 | 16.83 | 13.35 | -3.48 | ---- | -0.92 | -0.05 | 0.87 | ||
| 2095 | 16.82 | 13.35 | -3.47 | ---- | -0.92 | -0.05 | 0.87 | ||
| 2096 | 16.82 | 13.35 | -3.47 | ---- | -0.92 | -0.05 | 0.87 | ||
| 2097 | 16.83 | 13.35 | -3.48 | ---- | -0.92 | -0.05 | 0.87 | ||
| 2098 | 16.85 | 13.35 | -3.49 | ---- | -0.93 | -0.05 | 0.87 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2023-2097 | 16.76% | 13.74% | -3.01% | 2034 | -0.63% | -0.03% | 0.59% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2034. |
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Based on Intermediate Assumptions of the 2023 Trustees Report.