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Detailed Single Year Tables

Description of Proposed Provision:
Beginning with those newly eligible for OASDI benefits in 2023, create a new bend point at the 50th percentile of the AIME distribution of newly retired workers and gradually reduce all PIA factors except for the 90 percent factor. By 2056: a) the 32 percent PIA factor below the new bend point reduces to 30 percent; b) the 32 percent PIA factor above the new bend point reduces to 10 percent; and c) the 15 percent PIA factor reduces to 5 percent.

 

Financial Estimates for the OASDI Trust Fund Program

 
  Proposal
  Change from Present Law
  Expressed as a percentage of
present-law taxable payroll

Trust fund
ratio as of
January 1
Expressed as a percentage of
present-law taxable payroll
Calendar
year
Cost
rate
Income
rate
Annual
balance

Cost
rate
Income
rate
Annual
balance
201614.0512.94-1.10
303
0.000.000.00
201713.7212.92-0.80
293
0.000.000.00
201813.8612.96-0.90
277
0.000.000.00
201913.9912.97-1.02
262
0.000.000.00
202014.1312.98-1.15
246
0.000.000.00
202114.2713.00-1.27
231
0.000.000.00
202214.4913.03-1.46
216
0.000.000.00
202314.7613.06-1.70
200
0.000.000.00
202415.0213.09-1.93
183
0.000.000.00
202515.2813.11-2.17
166
0.000.000.00
202615.4613.13-2.34
149
-0.010.000.01
202715.6313.14-2.49
132
-0.010.000.01
202815.7913.16-2.64
115
-0.020.000.02
202915.9313.17-2.77
99
-0.030.000.03
203016.0513.18-2.88
82
-0.050.000.05
203116.1613.19-2.97
65
-0.070.000.06
203216.2413.20-3.05
47
-0.090.000.08
203316.3013.20-3.10
29
-0.11-0.010.10
203416.3313.21-3.12
11
-0.13-0.010.13
203516.3313.21-3.13
----
-0.16-0.010.15
203616.3613.21-3.15
----
-0.19-0.010.18
203716.3713.21-3.16
----
-0.23-0.010.22
203816.3513.22-3.14
----
-0.26-0.010.25
203916.3113.22-3.10
----
-0.30-0.020.28
204016.2513.21-3.04
----
-0.34-0.020.32
204116.1813.21-2.97
----
-0.38-0.020.36
204216.1113.21-2.90
----
-0.42-0.020.40
204316.0313.21-2.83
----
-0.47-0.020.44
204415.9513.20-2.75
----
-0.51-0.030.49
204515.8913.20-2.69
----
-0.56-0.030.53
204615.8113.20-2.61
----
-0.61-0.030.58
204715.7313.20-2.54
----
-0.67-0.040.63
204815.6613.19-2.47
----
-0.72-0.040.68
204915.5913.19-2.40
----
-0.78-0.040.74
205015.5213.19-2.34
----
-0.84-0.040.79
205115.4613.18-2.28
----
-0.90-0.050.85
205215.4113.18-2.23
----
-0.96-0.050.91
205315.3713.18-2.19
----
-1.02-0.050.97
205415.3413.18-2.16
----
-1.09-0.061.03
205515.3113.18-2.13
----
-1.15-0.061.09
205615.2913.18-2.11
----
-1.22-0.071.15
205715.2713.18-2.09
----
-1.29-0.071.22
205815.2513.18-2.07
----
-1.36-0.071.28
205915.2413.18-2.05
----
-1.42-0.081.34
206015.2213.18-2.04
----
-1.49-0.081.41
206115.2113.18-2.03
----
-1.55-0.081.47
206215.2013.18-2.01
----
-1.61-0.091.52
206315.1913.18-2.00
----
-1.67-0.091.58
206415.1813.18-2.00
----
-1.73-0.091.63
206515.1713.18-1.99
----
-1.78-0.101.68
206615.1813.18-1.99
----
-1.83-0.101.73
206715.1813.18-2.00
----
-1.88-0.101.78
206815.1913.18-2.00
----
-1.93-0.111.82
206915.1913.18-2.01
----
-1.97-0.111.86
207015.2113.19-2.02
----
-2.01-0.111.90
207115.2113.19-2.03
----
-2.05-0.111.94
207215.2213.19-2.03
----
-2.08-0.121.97
207315.2213.19-2.04
----
-2.12-0.122.00
207415.2213.19-2.04
----
-2.15-0.122.03
207515.2213.19-2.03
----
-2.17-0.122.05
207615.2113.19-2.02
----
-2.19-0.122.07
207715.2013.19-2.01
----
-2.21-0.122.09
207815.1813.19-1.99
----
-2.23-0.122.11
207915.1613.19-1.97
----
-2.24-0.132.12
208015.1413.19-1.96
----
-2.26-0.132.13
208115.1313.18-1.95
----
-2.27-0.132.14
208215.1313.18-1.94
----
-2.28-0.132.15
208315.1313.18-1.94
----
-2.29-0.132.16
208415.1413.19-1.95
----
-2.30-0.132.17
208515.1613.19-1.97
----
-2.31-0.132.18
208615.1813.19-1.99
----
-2.32-0.132.19
208715.2113.19-2.02
----
-2.33-0.132.20
208815.2413.19-2.05
----
-2.34-0.132.21
208915.2813.19-2.08
----
-2.35-0.132.22
209015.3213.20-2.12
----
-2.36-0.132.23
209115.3513.20-2.16
----
-2.37-0.132.24



 

Summarized Estimates

 
  Proposal
  Change from Present 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 2016 Trustees Report.
2016-2090 15.54% 13.79% -1.75%
2034
-0.96% -0.05% 0.91%
 
1 Under present law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified June 16, 2016