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Detailed Single Year Tables

Description of Proposed Provision:
Increase the normal retirement age (NRA) and the earliest eligibility age (EEA) for those age 62 in 2020-21 to 68 and 63, respectively, and then by 3 months per year in 2022-25 to 69 and 64, respectively.

 

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
202014.1112.98-1.13
247
-0.020.000.02
202114.2113.01-1.20
233
-0.060.010.07
202214.3713.04-1.32
218
-0.120.010.13
202314.5613.07-1.49
204
-0.200.010.21
202414.7313.10-1.63
189
-0.290.010.30
202514.8913.12-1.77
175
-0.390.010.40
202614.9313.14-1.79
161
-0.540.010.55
202714.9813.15-1.83
148
-0.660.010.67
202815.0613.16-1.89
136
-0.760.010.76
202915.1413.17-1.97
123
-0.830.010.83
203015.2313.18-2.05
111
-0.870.000.88
203115.3413.19-2.15
98
-0.880.000.88
203215.4413.20-2.24
85
-0.890.000.89
203315.5113.21-2.30
72
-0.900.000.90
203415.5613.21-2.35
58
-0.900.000.90
203515.5913.21-2.37
43
-0.910.000.91
203615.6413.22-2.43
29
-0.910.000.91
203715.6813.22-2.46
14
-0.92-0.010.91
203815.6913.22-2.47
----
-0.93-0.010.92
203915.6713.22-2.45
----
-0.94-0.010.93
204015.6413.22-2.42
----
-0.95-0.010.94
204115.5913.22-2.37
----
-0.97-0.010.96
204215.5513.22-2.33
----
-0.98-0.010.97
204315.5013.22-2.28
----
-1.00-0.010.99
204415.4513.22-2.24
----
-1.02-0.011.00
204515.4213.22-2.20
----
-1.03-0.011.01
204615.3813.22-2.17
----
-1.04-0.021.03
204715.3513.22-2.13
----
-1.05-0.021.04
204815.3213.22-2.11
----
-1.06-0.021.05
204915.2913.22-2.08
----
-1.08-0.021.06
205015.2713.22-2.05
----
-1.09-0.021.07
205115.2613.22-2.04
----
-1.10-0.021.09
205215.2613.22-2.04
----
-1.11-0.021.10
205315.2713.22-2.05
----
-1.12-0.021.11
205415.2913.22-2.07
----
-1.13-0.021.11
205515.3313.23-2.10
----
-1.13-0.021.12
205615.3713.23-2.14
----
-1.13-0.021.12
205715.4213.23-2.19
----
-1.13-0.021.12
205815.4713.24-2.23
----
-1.13-0.021.12
205915.5213.24-2.28
----
-1.13-0.021.12
206015.5713.24-2.33
----
-1.13-0.021.12
206115.6213.25-2.38
----
-1.13-0.021.12
206215.6713.25-2.42
----
-1.14-0.021.12
206315.7213.25-2.47
----
-1.13-0.021.12
206415.7713.26-2.52
----
-1.13-0.021.11
206515.8213.26-2.56
----
-1.13-0.021.11
206615.8713.26-2.61
----
-1.14-0.021.12
206715.9213.27-2.65
----
-1.14-0.021.12
206815.9713.27-2.70
----
-1.15-0.021.13
206916.0213.27-2.74
----
-1.15-0.021.13
207016.0713.28-2.79
----
-1.15-0.021.13
207116.1213.28-2.84
----
-1.15-0.021.13
207216.1613.28-2.87
----
-1.15-0.021.13
207316.2013.29-2.91
----
-1.14-0.021.12
207416.2313.29-2.94
----
-1.14-0.021.12
207516.2613.29-2.97
----
-1.13-0.021.12
207616.2813.29-2.99
----
-1.13-0.021.11
207716.2913.29-3.00
----
-1.12-0.021.10
207816.2913.29-3.00
----
-1.12-0.021.10
207916.2913.29-3.00
----
-1.12-0.021.10
208016.2813.29-2.99
----
-1.12-0.021.10
208116.2813.29-2.99
----
-1.12-0.021.10
208216.2813.29-2.99
----
-1.13-0.021.11
208316.2913.29-3.00
----
-1.13-0.021.11
208416.3013.29-3.01
----
-1.14-0.021.12
208516.3213.29-3.03
----
-1.14-0.021.12
208616.3513.30-3.05
----
-1.15-0.021.13
208716.3813.30-3.08
----
-1.16-0.021.14
208816.4213.30-3.12
----
-1.17-0.021.15
208916.4613.30-3.16
----
-1.17-0.021.15
209016.5113.31-3.20
----
-1.17-0.021.15
209116.5513.31-3.24
----
-1.17-0.021.15



 

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 15.60% 13.83% -1.77%
2037
-0.90% -0.01% 0.89%
 
1 Under present law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified June 16, 2016