Detailed Single Year Tables
Description of Proposed Provision:
B1.1: Price indexing of PIA factors beginning with those newly eligible for OASDI benefits in 2031: Reduce factors so that initial benefits grow by inflation rather than by the SSA average wage index.
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 |
|||
| 2024 | 14.71 | 13.03 | -1.68 | 188 | 0.00 | 0.00 | 0.00 | ||
| 2025 | 15.00 | 12.89 | -2.11 | 171 | 0.00 | 0.00 | 0.00 | ||
| 2026 | 15.20 | 13.07 | -2.13 | 152 | 0.00 | 0.00 | 0.00 | ||
| 2027 | 15.36 | 13.11 | -2.25 | 134 | 0.00 | 0.00 | 0.00 | ||
| 2028 | 15.42 | 13.13 | -2.28 | 117 | 0.00 | 0.00 | 0.00 | ||
| 2029 | 15.47 | 13.16 | -2.31 | 101 | 0.00 | 0.00 | 0.00 | ||
| 2030 | 15.53 | 13.18 | -2.35 | 84 | 0.00 | 0.00 | 0.00 | ||
| 2031 | 15.57 | 13.20 | -2.37 | 68 | -0.00 | -0.00 | 0.00 | ||
| 2032 | 15.60 | 13.22 | -2.38 | 53 | -0.01 | -0.00 | 0.01 | ||
| 2033 | 15.64 | 13.26 | -2.38 | 38 | -0.02 | -0.00 | 0.02 | ||
| 2034 | 15.74 | 13.28 | -2.46 | 23 | -0.03 | -0.00 | 0.03 | ||
| 2035 | 15.83 | 13.28 | -2.54 | 7 | -0.06 | -0.00 | 0.06 | ||
| 2036 | 15.90 | 13.29 | -2.61 | — | -0.09 | -0.00 | 0.09 | ||
| 2037 | 15.96 | 13.30 | -2.66 | — | -0.13 | -0.01 | 0.13 | ||
| 2038 | 15.99 | 13.30 | -2.69 | — | -0.19 | -0.01 | 0.18 | ||
| 2039 | 16.00 | 13.31 | -2.70 | — | -0.25 | -0.01 | 0.24 | ||
| 2040 | 16.00 | 13.31 | -2.69 | — | -0.32 | -0.02 | 0.31 | ||
| 2041 | 15.98 | 13.31 | -2.67 | — | -0.40 | -0.02 | 0.38 | ||
| 2042 | 15.94 | 13.31 | -2.63 | — | -0.49 | -0.02 | 0.47 | ||
| 2043 | 15.89 | 13.31 | -2.58 | — | -0.59 | -0.03 | 0.56 | ||
| 2044 | 15.82 | 13.31 | -2.51 | — | -0.70 | -0.04 | 0.67 | ||
| 2045 | 15.73 | 13.30 | -2.43 | — | -0.82 | -0.04 | 0.77 | ||
| 2046 | 15.65 | 13.30 | -2.35 | — | -0.94 | -0.05 | 0.89 | ||
| 2047 | 15.55 | 13.29 | -2.26 | — | -1.07 | -0.06 | 1.01 | ||
| 2048 | 15.46 | 13.29 | -2.17 | — | -1.21 | -0.07 | 1.14 | ||
| 2049 | 15.36 | 13.29 | -2.08 | — | -1.35 | -0.07 | 1.27 | ||
| 2050 | 15.27 | 13.28 | -1.98 | — | -1.49 | -0.08 | 1.41 | ||
| 2051 | 15.17 | 13.28 | -1.89 | — | -1.64 | -0.09 | 1.55 | ||
| 2052 | 15.07 | 13.27 | -1.80 | — | -1.80 | -0.10 | 1.70 | ||
| 2053 | 14.97 | 13.27 | -1.71 | — | -1.96 | -0.11 | 1.85 | ||
| 2054 | 14.88 | 13.26 | -1.62 | — | -2.12 | -0.12 | 2.00 | ||
| 2055 | 14.79 | 13.26 | -1.53 | — | -2.29 | -0.13 | 2.16 | ||
| 2056 | 14.70 | 13.26 | -1.44 | — | -2.46 | -0.14 | 2.32 | ||
| 2057 | 14.61 | 13.25 | -1.36 | — | -2.63 | -0.15 | 2.48 | ||
| 2058 | 14.53 | 13.25 | -1.28 | — | -2.81 | -0.16 | 2.64 | ||
| 2059 | 14.44 | 13.25 | -1.19 | — | -2.98 | -0.17 | 2.81 | ||
| 2060 | 14.35 | 13.24 | -1.11 | — | -3.15 | -0.18 | 2.97 | ||
| 2061 | 14.26 | 13.24 | -1.02 | — | -3.32 | -0.19 | 3.13 | ||
| 2062 | 14.16 | 13.23 | -0.93 | — | -3.49 | -0.20 | 3.29 | ||
| 2063 | 14.06 | 13.23 | -0.83 | — | -3.66 | -0.21 | 3.45 | ||
| 2064 | 13.96 | 13.22 | -0.74 | — | -3.83 | -0.22 | 3.60 | ||
| 2065 | 13.86 | 13.22 | -0.64 | — | -3.99 | -0.23 | 3.76 | ||
| 2066 | 13.76 | 13.21 | -0.55 | — | -4.15 | -0.24 | 3.91 | ||
| 2067 | 13.66 | 13.21 | -0.46 | — | -4.32 | -0.25 | 4.06 | ||
| 2068 | 13.57 | 13.20 | -0.36 | — | -4.48 | -0.26 | 4.21 | ||
| 2069 | 13.47 | 13.20 | -0.27 | — | -4.64 | -0.27 | 4.37 | ||
| 2070 | 13.38 | 13.19 | -0.19 | — | -4.80 | -0.28 | 4.52 | ||
| 2071 | 13.29 | 13.19 | -0.10 | — | -4.96 | -0.29 | 4.67 | ||
| 2072 | 13.19 | 13.18 | -0.01 | — | -5.12 | -0.30 | 4.82 | ||
| 2073 | 13.09 | 13.18 | 0.08 | — | -5.28 | -0.31 | 4.97 | ||
| 2074 | 13.00 | 13.17 | 0.18 | — | -5.44 | -0.32 | 5.11 | ||
| 2075 | 12.89 | 13.17 | 0.28 | — | -5.59 | -0.33 | 5.26 | ||
| 2076 | 12.79 | 13.16 | 0.38 | — | -5.74 | -0.34 | 5.40 | ||
| 2077 | 12.67 | 13.16 | 0.48 | — | -5.89 | -0.35 | 5.53 | ||
| 2078 | 12.55 | 13.15 | 0.60 | — | -6.03 | -0.36 | 5.67 | ||
| 2079 | 12.43 | 13.14 | 0.72 | — | -6.17 | -0.37 | 5.80 | ||
| 2080 | 12.30 | 13.14 | 0.84 | — | -6.30 | -0.38 | 5.92 | ||
| 2081 | 12.16 | 13.13 | 0.97 | — | -6.43 | -0.39 | 6.04 | ||
| 2082 | 12.02 | 13.12 | 1.10 | — | -6.55 | -0.39 | 6.16 | ||
| 2083 | 11.88 | 13.11 | 1.23 | — | -6.67 | -0.40 | 6.27 | ||
| 2084 | 11.73 | 13.10 | 1.37 | — | -6.78 | -0.41 | 6.37 | ||
| 2085 | 11.58 | 13.09 | 1.52 | — | -6.89 | -0.42 | 6.48 | ||
| 2086 | 11.42 | 13.08 | 1.66 | — | -7.00 | -0.42 | 6.57 | ||
| 2087 | 11.27 | 13.07 | 1.81 | — | -7.10 | -0.43 | 6.67 | ||
| 2088 | 11.11 | 13.06 | 1.95 | — | -7.19 | -0.43 | 6.76 | ||
| 2089 | 10.96 | 13.05 | 2.10 | — | -7.29 | -0.44 | 6.85 | ||
| 2090 | 10.80 | 13.05 | 2.24 | — | -7.39 | -0.45 | 6.94 | ||
| 2091 | 10.66 | 13.04 | 2.38 | — | -7.48 | -0.45 | 7.03 | ||
| 2092 | 10.52 | 13.03 | 2.51 | — | -7.59 | -0.46 | 7.13 | ||
| 2093 | 10.39 | 13.02 | 2.63 | — | -7.69 | -0.46 | 7.23 | ||
| 2094 | 10.26 | 13.01 | 2.75 | — | -7.80 | -0.47 | 7.33 | ||
| 2095 | 10.15 | 13.01 | 2.86 | — | -7.92 | -0.48 | 7.44 | ||
| 2096 | 10.04 | 13.00 | 2.96 | — | -8.04 | -0.49 | 7.55 | ||
| 2097 | 9.93 | 12.99 | 3.06 | — | -8.16 | -0.49 | 7.67 | ||
| 2098 | 9.84 | 12.99 | 3.15 | — | -8.29 | -0.50 | 7.79 | ||
| 2099 | 9.74 | 12.98 | 3.24 | — | -8.42 | -0.51 | 7.91 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2024-2098 | 14.16% | 13.62% | -0.54% | 2035 | -3.14% | -0.18% | 2.96% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2035. |
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Based on Intermediate Assumptions of the 2024 Trustees Report.