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Detailed Single Year Tables

Description of Proposed Provision:
C1.4: After the normal retirement age (NRA) reaches 67 for those age 62 in 2022, increase the NRA 2 months per year until it reaches 69 for individuals attaining age 62 in 2034. Thereafter, increase the NRA 1 month every 2 years.

 

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
201713.4113.03-0.38
298
0.000.000.00
201813.4912.93-0.56
287
0.000.000.00
201913.7012.95-0.75
273
0.000.000.00
202013.8512.96-0.89
259
0.000.000.00
202114.0212.99-1.03
245
0.000.000.00
202214.2613.02-1.23
230
0.000.000.00
202314.5313.05-1.48
215
-0.020.000.02
202414.7913.08-1.71
199
-0.030.000.03
202515.0513.10-1.94
183
-0.050.000.05
202615.3013.13-2.17
167
-0.070.000.07
202715.5213.15-2.38
150
-0.090.000.09
202815.7413.17-2.57
133
-0.110.000.11
202915.9313.18-2.75
115
-0.140.000.13
203016.1113.19-2.92
98
-0.160.000.15
203116.2213.20-3.02
80
-0.23-0.010.22
203216.3113.21-3.10
63
-0.30-0.010.29
203316.3813.22-3.16
45
-0.36-0.010.35
203416.4213.22-3.20
26
-0.43-0.010.41
203516.4313.22-3.21
7
-0.49-0.020.48
203616.4213.23-3.20
----
-0.56-0.020.54
203716.3913.23-3.17
----
-0.63-0.020.61
203816.3313.22-3.11
----
-0.69-0.030.67
203916.2513.22-3.03
----
-0.75-0.030.72
204016.1513.22-2.94
----
-0.81-0.030.78
204116.0513.21-2.84
----
-0.86-0.030.83
204215.9513.21-2.74
----
-0.91-0.040.88
204315.8413.20-2.64
----
-0.97-0.040.93
204415.7413.20-2.54
----
-1.02-0.040.98
204515.6513.19-2.46
----
-1.07-0.041.02
204615.5613.19-2.37
----
-1.12-0.051.07
204715.4813.19-2.30
----
-1.16-0.051.12
204815.4013.18-2.22
----
-1.21-0.051.16
204915.3313.18-2.15
----
-1.26-0.051.21
205015.2613.18-2.08
----
-1.31-0.061.25
205115.2013.17-2.03
----
-1.35-0.061.30
205215.1613.17-1.98
----
-1.40-0.061.34
205315.1213.17-1.95
----
-1.45-0.061.38
205415.1013.17-1.93
----
-1.49-0.061.43
205515.0913.17-1.91
----
-1.53-0.071.47
205615.0713.17-1.90
----
-1.58-0.071.51
205715.0713.17-1.90
----
-1.62-0.071.55
205815.0813.17-1.90
----
-1.66-0.071.59
205915.0913.18-1.91
----
-1.70-0.071.62
206015.1013.18-1.93
----
-1.73-0.081.65
206115.1313.18-1.95
----
-1.75-0.081.67
206215.1513.18-1.97
----
-1.77-0.081.69
206315.1813.18-1.99
----
-1.79-0.081.71
206415.2013.18-2.02
----
-1.82-0.081.73
206515.2313.19-2.04
----
-1.84-0.081.75
206615.2713.19-2.08
----
-1.85-0.081.77
206715.3013.19-2.11
----
-1.87-0.081.78
206815.3313.19-2.14
----
-1.89-0.081.80
206915.3713.20-2.17
----
-1.91-0.081.82
207015.4013.20-2.20
----
-1.93-0.091.84
207115.4113.20-2.21
----
-1.96-0.091.88
207215.4213.20-2.22
----
-1.99-0.091.90
207315.4413.20-2.23
----
-2.01-0.091.92
207415.4513.21-2.25
----
-2.02-0.091.93
207515.4713.21-2.26
----
-2.04-0.091.95
207615.4713.21-2.27
----
-2.05-0.091.96
207715.4713.21-2.27
----
-2.05-0.091.96
207815.4713.21-2.26
----
-2.06-0.091.96
207915.4513.20-2.24
----
-2.07-0.091.98
208015.4313.20-2.22
----
-2.09-0.091.99
208115.4013.20-2.20
----
-2.10-0.092.01
208215.3813.20-2.18
----
-2.12-0.092.03
208315.3713.20-2.17
----
-2.15-0.102.05
208415.3613.20-2.16
----
-2.17-0.102.07
208515.3613.20-2.15
----
-2.20-0.102.10
208615.3513.20-2.15
----
-2.23-0.102.13
208715.3613.20-2.16
----
-2.26-0.102.16
208815.3813.20-2.17
----
-2.28-0.102.18
208915.4113.20-2.20
----
-2.30-0.102.19
209015.4413.21-2.23
----
-2.31-0.102.20
209115.4613.21-2.25
----
-2.34-0.112.23
209215.4813.21-2.27
----
-2.37-0.112.26



 

Summarized Estimates

 
  Proposal
  Change from Current Law
Years Cost
rate
Income
rate
Actuarial
balance

Year of reserve
depletion
1

Cost
rate
Income
rate
Actuarial
balance
 
Based on Intermediate Assumptions of the 2017 Trustees Report.
2017-2091 15.52% 13.79% -1.73%
2035
-1.15% -0.05% 1.10%
 
1 Under current law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified July 13, 2017