Detailed Single Year Tables
Description of Proposed Provision:
B3.14: Beginning with those newly eligible for OASDI benefits in 2026, reduce the 15 percent PIA factor by 2 percentage points per year so that it reaches 5 percent for those newly eligible in 2030 and later.
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 | 15.41 | 13.13 | -2.28 | 117 | -0.00 | -0.00 | 0.00 | ||
| 2029 | 15.46 | 13.16 | -2.30 | 101 | -0.01 | -0.00 | 0.01 | ||
| 2030 | 15.52 | 13.18 | -2.34 | 84 | -0.01 | -0.00 | 0.01 | ||
| 2031 | 15.56 | 13.20 | -2.36 | 69 | -0.02 | -0.00 | 0.02 | ||
| 2032 | 15.58 | 13.22 | -2.36 | 53 | -0.03 | -0.00 | 0.02 | ||
| 2033 | 15.62 | 13.26 | -2.36 | 38 | -0.04 | -0.00 | 0.04 | ||
| 2034 | 15.72 | 13.27 | -2.45 | 23 | -0.05 | -0.00 | 0.05 | ||
| 2035 | 15.81 | 13.28 | -2.53 | 8 | -0.07 | -0.00 | 0.07 | ||
| 2036 | 15.89 | 13.29 | -2.60 | — | -0.10 | -0.01 | 0.09 | ||
| 2037 | 15.97 | 13.30 | -2.67 | — | -0.12 | -0.01 | 0.11 | ||
| 2038 | 16.03 | 13.30 | -2.73 | — | -0.15 | -0.01 | 0.14 | ||
| 2039 | 16.08 | 13.31 | -2.77 | — | -0.17 | -0.01 | 0.16 | ||
| 2040 | 16.12 | 13.31 | -2.81 | — | -0.20 | -0.01 | 0.19 | ||
| 2041 | 16.16 | 13.32 | -2.84 | — | -0.22 | -0.01 | 0.21 | ||
| 2042 | 16.19 | 13.32 | -2.87 | — | -0.25 | -0.01 | 0.23 | ||
| 2043 | 16.21 | 13.32 | -2.89 | — | -0.27 | -0.02 | 0.26 | ||
| 2044 | 16.22 | 13.32 | -2.90 | — | -0.29 | -0.02 | 0.28 | ||
| 2045 | 16.23 | 13.33 | -2.91 | — | -0.32 | -0.02 | 0.30 | ||
| 2046 | 16.25 | 13.33 | -2.92 | — | -0.34 | -0.02 | 0.32 | ||
| 2047 | 16.27 | 13.33 | -2.94 | — | -0.36 | -0.02 | 0.34 | ||
| 2048 | 16.28 | 13.33 | -2.95 | — | -0.38 | -0.02 | 0.36 | ||
| 2049 | 16.31 | 13.33 | -2.97 | — | -0.40 | -0.02 | 0.37 | ||
| 2050 | 16.34 | 13.34 | -3.00 | — | -0.42 | -0.03 | 0.39 | ||
| 2051 | 16.38 | 13.34 | -3.03 | — | -0.43 | -0.03 | 0.41 | ||
| 2052 | 16.42 | 13.35 | -3.07 | — | -0.45 | -0.03 | 0.42 | ||
| 2053 | 16.47 | 13.35 | -3.12 | — | -0.47 | -0.03 | 0.44 | ||
| 2054 | 16.52 | 13.35 | -3.17 | — | -0.48 | -0.03 | 0.45 | ||
| 2055 | 16.58 | 13.36 | -3.22 | — | -0.49 | -0.03 | 0.46 | ||
| 2056 | 16.65 | 13.37 | -3.29 | — | -0.51 | -0.03 | 0.47 | ||
| 2057 | 16.73 | 13.37 | -3.36 | — | -0.52 | -0.03 | 0.48 | ||
| 2058 | 16.80 | 13.38 | -3.43 | — | -0.53 | -0.03 | 0.49 | ||
| 2059 | 16.88 | 13.38 | -3.50 | — | -0.54 | -0.03 | 0.50 | ||
| 2060 | 16.96 | 13.39 | -3.57 | — | -0.54 | -0.03 | 0.51 | ||
| 2061 | 17.03 | 13.40 | -3.64 | — | -0.55 | -0.03 | 0.52 | ||
| 2062 | 17.10 | 13.40 | -3.70 | — | -0.56 | -0.04 | 0.52 | ||
| 2063 | 17.16 | 13.41 | -3.75 | — | -0.56 | -0.04 | 0.53 | ||
| 2064 | 17.22 | 13.41 | -3.81 | — | -0.57 | -0.04 | 0.53 | ||
| 2065 | 17.28 | 13.42 | -3.87 | — | -0.57 | -0.04 | 0.53 | ||
| 2066 | 17.34 | 13.42 | -3.92 | — | -0.57 | -0.04 | 0.54 | ||
| 2067 | 17.40 | 13.43 | -3.98 | — | -0.58 | -0.04 | 0.54 | ||
| 2068 | 17.47 | 13.43 | -4.04 | — | -0.58 | -0.04 | 0.54 | ||
| 2069 | 17.53 | 13.44 | -4.10 | — | -0.58 | -0.04 | 0.55 | ||
| 2070 | 17.60 | 13.44 | -4.16 | — | -0.59 | -0.04 | 0.55 | ||
| 2071 | 17.66 | 13.45 | -4.22 | — | -0.59 | -0.04 | 0.55 | ||
| 2072 | 17.72 | 13.45 | -4.27 | — | -0.59 | -0.04 | 0.55 | ||
| 2073 | 17.78 | 13.46 | -4.33 | — | -0.59 | -0.04 | 0.55 | ||
| 2074 | 17.84 | 13.46 | -4.38 | — | -0.59 | -0.04 | 0.56 | ||
| 2075 | 17.89 | 13.47 | -4.42 | — | -0.60 | -0.04 | 0.56 | ||
| 2076 | 17.93 | 13.47 | -4.46 | — | -0.60 | -0.04 | 0.56 | ||
| 2077 | 17.96 | 13.47 | -4.49 | — | -0.60 | -0.04 | 0.56 | ||
| 2078 | 17.98 | 13.47 | -4.51 | — | -0.60 | -0.04 | 0.56 | ||
| 2079 | 17.99 | 13.48 | -4.52 | — | -0.60 | -0.04 | 0.56 | ||
| 2080 | 17.99 | 13.48 | -4.52 | — | -0.60 | -0.04 | 0.56 | ||
| 2081 | 17.99 | 13.48 | -4.51 | — | -0.60 | -0.04 | 0.56 | ||
| 2082 | 17.97 | 13.48 | -4.49 | — | -0.60 | -0.04 | 0.56 | ||
| 2083 | 17.95 | 13.48 | -4.47 | — | -0.60 | -0.04 | 0.56 | ||
| 2084 | 17.91 | 13.47 | -4.44 | — | -0.60 | -0.04 | 0.56 | ||
| 2085 | 17.87 | 13.47 | -4.40 | — | -0.60 | -0.04 | 0.56 | ||
| 2086 | 17.82 | 13.47 | -4.35 | — | -0.60 | -0.04 | 0.56 | ||
| 2087 | 17.77 | 13.46 | -4.30 | — | -0.60 | -0.04 | 0.56 | ||
| 2088 | 17.71 | 13.46 | -4.25 | — | -0.59 | -0.04 | 0.56 | ||
| 2089 | 17.65 | 13.46 | -4.20 | — | -0.59 | -0.04 | 0.55 | ||
| 2090 | 17.60 | 13.45 | -4.15 | — | -0.59 | -0.04 | 0.55 | ||
| 2091 | 17.55 | 13.45 | -4.10 | — | -0.59 | -0.04 | 0.55 | ||
| 2092 | 17.52 | 13.45 | -4.07 | — | -0.59 | -0.04 | 0.55 | ||
| 2093 | 17.49 | 13.45 | -4.05 | — | -0.59 | -0.04 | 0.55 | ||
| 2094 | 17.48 | 13.45 | -4.03 | — | -0.59 | -0.04 | 0.55 | ||
| 2095 | 17.48 | 13.45 | -4.03 | — | -0.59 | -0.04 | 0.55 | ||
| 2096 | 17.49 | 13.45 | -4.04 | — | -0.59 | -0.04 | 0.55 | ||
| 2097 | 17.51 | 13.45 | -4.06 | — | -0.59 | -0.04 | 0.55 | ||
| 2098 | 17.53 | 13.45 | -4.08 | — | -0.59 | -0.04 | 0.55 | ||
| 2099 | 17.57 | 13.45 | -4.11 | — | -0.59 | -0.04 | 0.55 | ||
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 | 16.90% | 13.78% | -3.13% | 2035 | -0.40% | -0.02% | 0.37% | ||
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.