Detailed Single Year Tables
Description of Proposed Provision:
A5: Starting December 2025, add 1 percentage point to the annual COLA for beneficiaries who have lived past a "specified age". The "specified age" is the sum of: (1) 65 and (2) the unisex cohort life expectancy at age 65.
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 | 15.22 | 13.07 | -2.15 | 152 | 0.02 | 0.00 | -0.01 | ||
| 2027 | 15.39 | 13.11 | -2.28 | 134 | 0.03 | 0.00 | -0.03 | ||
| 2028 | 15.46 | 13.14 | -2.33 | 117 | 0.04 | 0.00 | -0.04 | ||
| 2029 | 15.52 | 13.17 | -2.36 | 100 | 0.06 | 0.00 | -0.05 | ||
| 2030 | 15.59 | 13.18 | -2.41 | 83 | 0.07 | 0.00 | -0.06 | ||
| 2031 | 15.65 | 13.21 | -2.45 | 67 | 0.08 | 0.00 | -0.07 | ||
| 2032 | 15.69 | 13.22 | -2.47 | 51 | 0.09 | 0.01 | -0.08 | ||
| 2033 | 15.76 | 13.27 | -2.49 | 35 | 0.10 | 0.01 | -0.09 | ||
| 2034 | 15.88 | 13.28 | -2.60 | 19 | 0.11 | 0.01 | -0.10 | ||
| 2035 | 16.00 | 13.29 | -2.71 | 3 | 0.12 | 0.01 | -0.11 | ||
| 2036 | 16.11 | 13.30 | -2.81 | — | 0.12 | 0.01 | -0.12 | ||
| 2037 | 16.22 | 13.31 | -2.91 | — | 0.13 | 0.01 | -0.12 | ||
| 2038 | 16.31 | 13.32 | -2.99 | — | 0.13 | 0.01 | -0.12 | ||
| 2039 | 16.39 | 13.33 | -3.06 | — | 0.14 | 0.01 | -0.13 | ||
| 2040 | 16.46 | 13.33 | -3.13 | — | 0.14 | 0.01 | -0.13 | ||
| 2041 | 16.52 | 13.34 | -3.19 | — | 0.14 | 0.01 | -0.13 | ||
| 2042 | 16.58 | 13.34 | -3.24 | — | 0.14 | 0.01 | -0.14 | ||
| 2043 | 16.63 | 13.35 | -3.28 | — | 0.15 | 0.01 | -0.14 | ||
| 2044 | 16.67 | 13.35 | -3.32 | — | 0.15 | 0.01 | -0.14 | ||
| 2045 | 16.71 | 13.35 | -3.35 | — | 0.15 | 0.01 | -0.14 | ||
| 2046 | 16.74 | 13.36 | -3.39 | — | 0.16 | 0.01 | -0.15 | ||
| 2047 | 16.78 | 13.36 | -3.42 | — | 0.16 | 0.01 | -0.15 | ||
| 2048 | 16.83 | 13.37 | -3.46 | — | 0.16 | 0.01 | -0.15 | ||
| 2049 | 16.87 | 13.37 | -3.50 | — | 0.16 | 0.01 | -0.15 | ||
| 2050 | 16.93 | 13.37 | -3.55 | — | 0.17 | 0.01 | -0.16 | ||
| 2051 | 16.98 | 13.38 | -3.60 | — | 0.17 | 0.01 | -0.16 | ||
| 2052 | 17.04 | 13.38 | -3.65 | — | 0.17 | 0.01 | -0.16 | ||
| 2053 | 17.10 | 13.39 | -3.71 | — | 0.16 | 0.01 | -0.15 | ||
| 2054 | 17.16 | 13.39 | -3.77 | — | 0.16 | 0.01 | -0.15 | ||
| 2055 | 17.23 | 13.40 | -3.83 | — | 0.16 | 0.01 | -0.15 | ||
| 2056 | 17.31 | 13.41 | -3.91 | — | 0.15 | 0.01 | -0.14 | ||
| 2057 | 17.40 | 13.41 | -3.98 | — | 0.15 | 0.01 | -0.14 | ||
| 2058 | 17.48 | 13.42 | -4.06 | — | 0.15 | 0.01 | -0.14 | ||
| 2059 | 17.57 | 13.43 | -4.14 | — | 0.15 | 0.01 | -0.14 | ||
| 2060 | 17.65 | 13.43 | -4.22 | — | 0.15 | 0.01 | -0.14 | ||
| 2061 | 17.73 | 13.44 | -4.29 | — | 0.15 | 0.01 | -0.14 | ||
| 2062 | 17.80 | 13.45 | -4.36 | — | 0.15 | 0.01 | -0.14 | ||
| 2063 | 17.87 | 13.45 | -4.42 | — | 0.15 | 0.01 | -0.14 | ||
| 2064 | 17.94 | 13.46 | -4.48 | — | 0.15 | 0.01 | -0.14 | ||
| 2065 | 18.00 | 13.46 | -4.54 | — | 0.15 | 0.01 | -0.14 | ||
| 2066 | 18.06 | 13.47 | -4.60 | — | 0.15 | 0.01 | -0.14 | ||
| 2067 | 18.13 | 13.47 | -4.66 | — | 0.15 | 0.01 | -0.14 | ||
| 2068 | 18.20 | 13.48 | -4.72 | — | 0.15 | 0.01 | -0.14 | ||
| 2069 | 18.27 | 13.48 | -4.78 | — | 0.15 | 0.01 | -0.14 | ||
| 2070 | 18.34 | 13.49 | -4.85 | — | 0.15 | 0.01 | -0.14 | ||
| 2071 | 18.40 | 13.49 | -4.91 | — | 0.15 | 0.01 | -0.14 | ||
| 2072 | 18.46 | 13.50 | -4.96 | — | 0.15 | 0.01 | -0.14 | ||
| 2073 | 18.52 | 13.50 | -5.02 | — | 0.15 | 0.01 | -0.14 | ||
| 2074 | 18.58 | 13.51 | -5.07 | — | 0.15 | 0.01 | -0.14 | ||
| 2075 | 18.63 | 13.51 | -5.12 | — | 0.15 | 0.01 | -0.14 | ||
| 2076 | 18.68 | 13.52 | -5.16 | — | 0.15 | 0.01 | -0.14 | ||
| 2077 | 18.71 | 13.52 | -5.19 | — | 0.15 | 0.01 | -0.14 | ||
| 2078 | 18.74 | 13.52 | -5.21 | — | 0.15 | 0.01 | -0.14 | ||
| 2079 | 18.75 | 13.52 | -5.22 | — | 0.15 | 0.01 | -0.14 | ||
| 2080 | 18.75 | 13.52 | -5.23 | — | 0.16 | 0.01 | -0.15 | ||
| 2081 | 18.75 | 13.53 | -5.22 | — | 0.16 | 0.01 | -0.15 | ||
| 2082 | 18.73 | 13.52 | -5.21 | — | 0.16 | 0.01 | -0.15 | ||
| 2083 | 18.71 | 13.52 | -5.18 | — | 0.16 | 0.01 | -0.15 | ||
| 2084 | 18.67 | 13.52 | -5.15 | — | 0.16 | 0.01 | -0.15 | ||
| 2085 | 18.63 | 13.52 | -5.11 | — | 0.16 | 0.01 | -0.15 | ||
| 2086 | 18.58 | 13.52 | -5.07 | — | 0.16 | 0.01 | -0.15 | ||
| 2087 | 18.53 | 13.51 | -5.01 | — | 0.16 | 0.01 | -0.15 | ||
| 2088 | 18.47 | 13.51 | -4.96 | — | 0.17 | 0.01 | -0.16 | ||
| 2089 | 18.41 | 13.51 | -4.91 | — | 0.17 | 0.01 | -0.16 | ||
| 2090 | 18.35 | 13.50 | -4.85 | — | 0.16 | 0.01 | -0.15 | ||
| 2091 | 18.30 | 13.50 | -4.80 | — | 0.16 | 0.01 | -0.15 | ||
| 2092 | 18.26 | 13.50 | -4.77 | — | 0.16 | 0.01 | -0.15 | ||
| 2093 | 18.24 | 13.49 | -4.74 | — | 0.16 | 0.01 | -0.15 | ||
| 2094 | 18.22 | 13.49 | -4.73 | — | 0.16 | 0.01 | -0.15 | ||
| 2095 | 18.22 | 13.49 | -4.73 | — | 0.15 | 0.01 | -0.14 | ||
| 2096 | 18.23 | 13.49 | -4.74 | — | 0.15 | 0.01 | -0.14 | ||
| 2097 | 18.25 | 13.50 | -4.75 | — | 0.15 | 0.01 | -0.14 | ||
| 2098 | 18.28 | 13.50 | -4.78 | — | 0.15 | 0.01 | -0.14 | ||
| 2099 | 18.31 | 13.50 | -4.81 | — | 0.15 | 0.01 | -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 |
||
| 2024-2098 | 17.43% | 13.81% | -3.63% | 2035 | 0.14% | 0.01% | -0.13% | ||
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.