Detailed Single Year Tables
Description of Proposed Provision:
D7: Beginning in January 2025, require full time school enrollment as a condition of eligibility for child benefits at age 15 up to 18.
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 |
|||
| 2022 | 14.05 | 12.79 | -1.26 | 230 | 0.00 | 0.00 | 0.00 | ||
| 2023 | 14.31 | 13.04 | -1.27 | 211 | 0.00 | 0.00 | 0.00 | ||
| 2024 | 14.45 | 12.95 | -1.49 | 194 | 0.00 | 0.00 | 0.00 | ||
| 2025 | 14.65 | 12.97 | -1.69 | 177 | -0.00 | -0.00 | 0.00 | ||
| 2026 | 14.88 | 13.08 | -1.80 | 160 | -0.00 | -0.00 | 0.00 | ||
| 2027 | 15.10 | 13.10 | -2.00 | 143 | -0.00 | -0.00 | 0.00 | ||
| 2028 | 15.32 | 13.14 | -2.18 | 126 | -0.00 | -0.00 | 0.00 | ||
| 2029 | 15.53 | 13.17 | -2.35 | 109 | -0.00 | -0.00 | 0.00 | ||
| 2030 | 15.72 | 13.20 | -2.52 | 92 | -0.00 | -0.00 | 0.00 | ||
| 2031 | 15.90 | 13.23 | -2.67 | 74 | -0.00 | -0.00 | 0.00 | ||
| 2032 | 16.06 | 13.24 | -2.82 | 57 | -0.00 | -0.00 | 0.00 | ||
| 2033 | 16.20 | 13.26 | -2.95 | 39 | -0.00 | -0.00 | 0.00 | ||
| 2034 | 16.32 | 13.27 | -3.05 | 22 | -0.00 | -0.00 | 0.00 | ||
| 2035 | 16.42 | 13.27 | -3.14 | 3 | -0.00 | -0.00 | 0.00 | ||
| 2036 | 16.49 | 13.28 | -3.22 | ---- | -0.00 | -0.00 | 0.00 | ||
| 2037 | 16.57 | 13.29 | -3.29 | ---- | -0.00 | -0.00 | 0.00 | ||
| 2038 | 16.64 | 13.29 | -3.34 | ---- | -0.00 | -0.00 | 0.00 | ||
| 2039 | 16.68 | 13.30 | -3.39 | ---- | -0.01 | -0.00 | 0.00 | ||
| 2040 | 16.71 | 13.30 | -3.41 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2041 | 16.73 | 13.30 | -3.43 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2042 | 16.76 | 13.30 | -3.46 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2043 | 16.78 | 13.30 | -3.47 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2044 | 16.80 | 13.31 | -3.49 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2045 | 16.82 | 13.31 | -3.51 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2046 | 16.83 | 13.31 | -3.52 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2047 | 16.86 | 13.31 | -3.55 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2048 | 16.88 | 13.31 | -3.57 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2049 | 16.91 | 13.32 | -3.59 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2050 | 16.94 | 13.32 | -3.62 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2051 | 16.97 | 13.32 | -3.65 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2052 | 17.01 | 13.32 | -3.68 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2053 | 17.05 | 13.33 | -3.72 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2054 | 17.09 | 13.33 | -3.76 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2055 | 17.14 | 13.34 | -3.81 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2056 | 17.20 | 13.34 | -3.86 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2057 | 17.26 | 13.34 | -3.91 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2058 | 17.32 | 13.35 | -3.97 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2059 | 17.38 | 13.35 | -4.03 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2060 | 17.44 | 13.36 | -4.08 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2061 | 17.51 | 13.37 | -4.14 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2062 | 17.56 | 13.37 | -4.19 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2063 | 17.62 | 13.37 | -4.25 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2064 | 17.67 | 13.38 | -4.29 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2065 | 17.72 | 13.38 | -4.34 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2066 | 17.78 | 13.39 | -4.39 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2067 | 17.83 | 13.39 | -4.44 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2068 | 17.88 | 13.39 | -4.49 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2069 | 17.94 | 13.40 | -4.54 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2070 | 18.00 | 13.40 | -4.59 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2071 | 18.05 | 13.41 | -4.64 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2072 | 18.10 | 13.41 | -4.69 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2073 | 18.16 | 13.41 | -4.74 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2074 | 18.20 | 13.42 | -4.79 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2075 | 18.25 | 13.42 | -4.83 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2076 | 18.28 | 13.43 | -4.86 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2077 | 18.30 | 13.43 | -4.88 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2078 | 18.31 | 13.43 | -4.89 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2079 | 18.31 | 13.43 | -4.88 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2080 | 18.29 | 13.43 | -4.87 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2081 | 18.27 | 13.43 | -4.84 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2082 | 18.24 | 13.43 | -4.81 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2083 | 18.20 | 13.42 | -4.78 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2084 | 18.15 | 13.42 | -4.73 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2085 | 18.10 | 13.42 | -4.68 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2086 | 18.04 | 13.41 | -4.63 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2087 | 17.98 | 13.41 | -4.57 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2088 | 17.91 | 13.41 | -4.50 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2089 | 17.85 | 13.40 | -4.44 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2090 | 17.79 | 13.40 | -4.39 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2091 | 17.74 | 13.39 | -4.34 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2092 | 17.70 | 13.39 | -4.31 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2093 | 17.67 | 13.39 | -4.28 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2094 | 17.65 | 13.39 | -4.26 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2095 | 17.64 | 13.39 | -4.25 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2096 | 17.64 | 13.39 | -4.25 | ---- | -0.01 | -0.00 | 0.01 | ||
| 2097 | 17.64 | 13.39 | -4.25 | ---- | -0.01 | -0.00 | 0.01 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2022-2096 | 17.19% | 13.78% | -3.42% | 2035 | -0.01% | -0.00% | 0.00% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2035. |
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Based on Intermediate Assumptions of the 2022 Trustees Report.