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Detailed Single Year Tables

Description of Proposed Provision:
C2.7: Increase the normal retirement age (NRA) and the earliest eligibility age (EEA) for those age 62 starting in 2018 by 3 months per year until EEA reaches 64 in 2025 and NRA reaches 69 in 2029.

 

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
201813.4612.93-0.53
288
-0.030.000.03
201913.6512.95-0.69
274
-0.050.010.06
202013.7712.97-0.80
261
-0.080.010.09
202113.9113.00-0.90
248
-0.110.010.12
202214.1113.04-1.08
234
-0.140.010.15
202314.3713.06-1.31
220
-0.170.010.19
202414.6213.10-1.52
206
-0.210.020.22
202514.8613.12-1.73
191
-0.240.020.26
202615.1313.16-1.98
175
-0.240.020.26
202715.3413.17-2.17
159
-0.280.020.30
202815.5313.19-2.34
143
-0.330.020.35
202915.6813.20-2.48
127
-0.390.020.41
203015.8113.21-2.60
112
-0.450.020.47
203115.8713.22-2.65
96
-0.570.010.59
203215.9613.23-2.73
80
-0.650.010.66
203316.0313.24-2.80
64
-0.710.010.72
203416.1013.24-2.86
48
-0.750.010.76
203516.1513.24-2.90
31
-0.780.000.79
203616.2013.25-2.96
13
-0.780.000.79
203716.2313.25-2.98
----
-0.790.000.79
203816.2213.25-2.97
----
-0.80-0.000.80
203916.1813.25-2.94
----
-0.82-0.000.81
204016.1313.24-2.89
----
-0.83-0.000.83
204116.0613.24-2.82
----
-0.85-0.010.85
204215.9813.24-2.75
----
-0.88-0.010.87
204315.9113.23-2.68
----
-0.90-0.010.89
204415.8413.23-2.61
----
-0.92-0.010.91
204515.7813.23-2.55
----
-0.94-0.010.93
204615.7213.22-2.50
----
-0.95-0.010.94
204715.6713.22-2.45
----
-0.97-0.010.96
204815.6213.22-2.40
----
-0.99-0.010.98
204915.5813.22-2.36
----
-1.01-0.011.00
205015.5413.22-2.32
----
-1.03-0.011.02
205115.5013.22-2.28
----
-1.06-0.011.04
205215.4813.22-2.26
----
-1.08-0.021.06
205315.4813.22-2.26
----
-1.09-0.021.08
205415.4813.22-2.27
----
-1.10-0.021.09
205515.5013.22-2.28
----
-1.11-0.021.10
205615.5313.22-2.31
----
-1.12-0.021.10
205715.5713.23-2.34
----
-1.13-0.021.11
205815.6113.23-2.38
----
-1.13-0.021.11
205915.6513.23-2.42
----
-1.13-0.021.11
206015.7013.23-2.46
----
-1.13-0.021.12
206115.7413.24-2.50
----
-1.14-0.021.12
206215.7913.24-2.55
----
-1.14-0.021.12
206315.8313.24-2.59
----
-1.14-0.021.12
206415.8813.25-2.64
----
-1.13-0.021.11
206515.9313.25-2.68
----
-1.14-0.021.12
206615.9813.25-2.73
----
-1.14-0.021.12
206716.0213.25-2.77
----
-1.15-0.021.13
206816.0713.26-2.81
----
-1.15-0.021.13
206916.1213.26-2.86
----
-1.15-0.021.13
207016.1713.26-2.91
----
-1.15-0.021.13
207116.2213.27-2.95
----
-1.15-0.021.13
207216.2613.27-2.99
----
-1.15-0.021.13
207316.3013.27-3.03
----
-1.15-0.021.13
207416.3313.28-3.06
----
-1.15-0.021.13
207516.3713.28-3.09
----
-1.14-0.021.12
207616.3913.28-3.11
----
-1.13-0.021.11
207716.4013.28-3.12
----
-1.12-0.021.10
207816.4013.28-3.13
----
-1.12-0.021.10
207916.4013.28-3.12
----
-1.12-0.021.10
208016.3913.28-3.12
----
-1.12-0.021.10
208116.3813.27-3.11
----
-1.12-0.021.10
208216.3813.27-3.11
----
-1.13-0.021.10
208316.3813.27-3.11
----
-1.13-0.021.11
208416.3913.28-3.12
----
-1.14-0.021.11
208516.4113.28-3.13
----
-1.14-0.021.12
208616.4313.28-3.15
----
-1.15-0.021.13
208716.4513.28-3.17
----
-1.16-0.021.14
208816.4913.28-3.21
----
-1.17-0.021.15
208916.5313.29-3.24
----
-1.17-0.021.15
209016.5813.29-3.29
----
-1.17-0.021.15
209116.6313.29-3.33
----
-1.17-0.021.15
209216.6713.30-3.38
----
-1.17-0.021.15



 

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 15.83% 13.83% -2.00%
2036
-0.84% -0.01% 0.83%
 
1 Under current law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified July 13, 2017