Detailed Single Year Tables
Description of Proposed Provision:
F1: Starting in 2025, cover newly hired State and local government employees.
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 | 12.92 | -2.09 | 171 | 0.00 | 0.02 | 0.02 | ||
| 2026 | 15.20 | 13.13 | -2.07 | 152 | -0.00 | 0.06 | 0.06 | ||
| 2027 | 15.36 | 13.19 | -2.17 | 135 | 0.00 | 0.09 | 0.09 | ||
| 2028 | 15.42 | 13.25 | -2.17 | 118 | 0.00 | 0.11 | 0.11 | ||
| 2029 | 15.47 | 13.30 | -2.17 | 102 | 0.00 | 0.14 | 0.14 | ||
| 2030 | 15.53 | 13.34 | -2.19 | 87 | 0.00 | 0.16 | 0.16 | ||
| 2031 | 15.58 | 13.38 | -2.20 | 72 | 0.00 | 0.18 | 0.18 | ||
| 2032 | 15.61 | 13.42 | -2.19 | 57 | 0.00 | 0.20 | 0.19 | ||
| 2033 | 15.66 | 13.48 | -2.19 | 43 | 0.00 | 0.21 | 0.21 | ||
| 2034 | 15.78 | 13.51 | -2.27 | 29 | 0.01 | 0.23 | 0.22 | ||
| 2035 | 15.89 | 13.53 | -2.36 | 15 | 0.01 | 0.24 | 0.24 | ||
| 2036 | 16.00 | 13.55 | -2.44 | 1 | 0.01 | 0.26 | 0.25 | ||
| 2037 | 16.10 | 13.58 | -2.53 | — | 0.01 | 0.27 | 0.26 | ||
| 2038 | 16.19 | 13.60 | -2.59 | — | 0.01 | 0.28 | 0.27 | ||
| 2039 | 16.27 | 13.62 | -2.65 | — | 0.02 | 0.30 | 0.28 | ||
| 2040 | 16.34 | 13.63 | -2.70 | — | 0.02 | 0.31 | 0.29 | ||
| 2041 | 16.41 | 13.65 | -2.75 | — | 0.02 | 0.32 | 0.30 | ||
| 2042 | 16.46 | 13.67 | -2.79 | — | 0.03 | 0.33 | 0.31 | ||
| 2043 | 16.51 | 13.68 | -2.83 | — | 0.03 | 0.34 | 0.32 | ||
| 2044 | 16.55 | 13.70 | -2.85 | — | 0.03 | 0.35 | 0.32 | ||
| 2045 | 16.59 | 13.71 | -2.88 | — | 0.04 | 0.37 | 0.33 | ||
| 2046 | 16.63 | 13.72 | -2.90 | — | 0.04 | 0.38 | 0.33 | ||
| 2047 | 16.67 | 13.74 | -2.93 | — | 0.05 | 0.39 | 0.34 | ||
| 2048 | 16.72 | 13.75 | -2.96 | — | 0.05 | 0.40 | 0.34 | ||
| 2049 | 16.77 | 13.77 | -3.00 | — | 0.06 | 0.41 | 0.35 | ||
| 2050 | 16.83 | 13.78 | -3.04 | — | 0.07 | 0.42 | 0.35 | ||
| 2051 | 16.89 | 13.80 | -3.09 | — | 0.08 | 0.43 | 0.35 | ||
| 2052 | 16.96 | 13.81 | -3.14 | — | 0.09 | 0.44 | 0.35 | ||
| 2053 | 17.03 | 13.83 | -3.20 | — | 0.09 | 0.45 | 0.36 | ||
| 2054 | 17.10 | 13.85 | -3.26 | — | 0.10 | 0.46 | 0.36 | ||
| 2055 | 17.19 | 13.87 | -3.32 | — | 0.12 | 0.48 | 0.37 | ||
| 2056 | 17.29 | 13.88 | -3.41 | — | 0.13 | 0.48 | 0.35 | ||
| 2057 | 17.39 | 13.89 | -3.50 | — | 0.14 | 0.49 | 0.34 | ||
| 2058 | 17.49 | 13.90 | -3.59 | — | 0.16 | 0.49 | 0.33 | ||
| 2059 | 17.59 | 13.91 | -3.68 | — | 0.17 | 0.49 | 0.32 | ||
| 2060 | 17.69 | 13.91 | -3.78 | — | 0.19 | 0.49 | 0.30 | ||
| 2061 | 17.79 | 13.92 | -3.87 | — | 0.21 | 0.49 | 0.28 | ||
| 2062 | 17.88 | 13.93 | -3.95 | — | 0.23 | 0.49 | 0.27 | ||
| 2063 | 17.97 | 13.94 | -4.03 | — | 0.24 | 0.49 | 0.25 | ||
| 2064 | 18.05 | 13.94 | -4.11 | — | 0.26 | 0.49 | 0.23 | ||
| 2065 | 18.13 | 13.95 | -4.19 | — | 0.28 | 0.50 | 0.21 | ||
| 2066 | 18.22 | 13.96 | -4.27 | — | 0.30 | 0.50 | 0.19 | ||
| 2067 | 18.31 | 13.96 | -4.34 | — | 0.32 | 0.50 | 0.17 | ||
| 2068 | 18.39 | 13.97 | -4.42 | — | 0.34 | 0.50 | 0.16 | ||
| 2069 | 18.48 | 13.98 | -4.50 | — | 0.36 | 0.50 | 0.14 | ||
| 2070 | 18.57 | 13.98 | -4.59 | — | 0.39 | 0.50 | 0.12 | ||
| 2071 | 18.66 | 13.99 | -4.67 | — | 0.41 | 0.50 | 0.10 | ||
| 2072 | 18.74 | 13.99 | -4.75 | — | 0.43 | 0.51 | 0.08 | ||
| 2073 | 18.82 | 14.00 | -4.82 | — | 0.45 | 0.51 | 0.06 | ||
| 2074 | 18.90 | 14.01 | -4.89 | — | 0.46 | 0.51 | 0.04 | ||
| 2075 | 18.97 | 14.01 | -4.96 | — | 0.48 | 0.51 | 0.03 | ||
| 2076 | 19.03 | 14.02 | -5.01 | — | 0.50 | 0.51 | 0.01 | ||
| 2077 | 19.08 | 14.02 | -5.06 | — | 0.52 | 0.51 | -0.01 | ||
| 2078 | 19.12 | 14.02 | -5.09 | — | 0.53 | 0.51 | -0.02 | ||
| 2079 | 19.14 | 14.03 | -5.12 | — | 0.55 | 0.51 | -0.04 | ||
| 2080 | 19.16 | 14.03 | -5.13 | — | 0.57 | 0.51 | -0.05 | ||
| 2081 | 19.17 | 14.03 | -5.14 | — | 0.58 | 0.52 | -0.06 | ||
| 2082 | 19.16 | 14.03 | -5.13 | — | 0.59 | 0.52 | -0.07 | ||
| 2083 | 19.15 | 14.03 | -5.12 | — | 0.60 | 0.52 | -0.08 | ||
| 2084 | 19.12 | 14.03 | -5.09 | — | 0.61 | 0.52 | -0.09 | ||
| 2085 | 19.09 | 14.03 | -5.07 | — | 0.62 | 0.52 | -0.11 | ||
| 2086 | 19.05 | 14.02 | -5.02 | — | 0.63 | 0.52 | -0.11 | ||
| 2087 | 19.00 | 14.02 | -4.98 | — | 0.64 | 0.52 | -0.12 | ||
| 2088 | 18.95 | 14.02 | -4.93 | — | 0.64 | 0.52 | -0.12 | ||
| 2089 | 18.89 | 14.01 | -4.88 | — | 0.65 | 0.52 | -0.13 | ||
| 2090 | 18.85 | 14.01 | -4.84 | — | 0.66 | 0.52 | -0.14 | ||
| 2091 | 18.80 | 14.01 | -4.79 | — | 0.66 | 0.52 | -0.14 | ||
| 2092 | 18.77 | 14.01 | -4.76 | — | 0.66 | 0.52 | -0.14 | ||
| 2093 | 18.75 | 14.00 | -4.74 | — | 0.67 | 0.52 | -0.15 | ||
| 2094 | 18.74 | 14.00 | -4.74 | — | 0.67 | 0.52 | -0.15 | ||
| 2095 | 18.75 | 14.00 | -4.74 | — | 0.68 | 0.52 | -0.16 | ||
| 2096 | 18.76 | 14.01 | -4.75 | — | 0.68 | 0.52 | -0.16 | ||
| 2097 | 18.78 | 14.01 | -4.77 | — | 0.69 | 0.52 | -0.16 | ||
| 2098 | 18.81 | 14.01 | -4.80 | — | 0.69 | 0.52 | -0.17 | ||
| 2099 | 18.85 | 14.01 | -4.84 | — | 0.69 | 0.52 | -0.17 | ||
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 | 17.55% | 14.19% | -3.35% | 2036 | 0.25% | 0.39% | 0.15% | ||
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.