Detailed Single Year Tables

Description of Proposed Provision:
Progressive price indexing of PIA formula factors beginning with individuals newly eligible for OASI benefits in 2016. Create new bend point at the 30th percentile of earners. Maintain current-law benefits for earners at the 30th percentile and below and reduce upper 2 formula factors (32% and 15%) such that maximum worker benefit grows by inflation rather than the growth in average wages. Disability benefits are not affected by the proposal. Disabled worker beneficiaries, upon attaining normal retirement age, would be subject to a proportional reduction in benefits based on the worker's years of disability.

Financial Estimates for the OASDI Trust Fund Program
	Percentage of taxable payroll			Trust fund ratio as of January 1
Calendar year	Cost rate	Income rate	Annual balance	Trust fund ratio as of January 1
2008	11.20	12.77	1.57	359
2009	11.26	12.81	1.54	369
2010	11.37	12.82	1.46	378
2011	11.53	12.84	1.31	386
2012	11.76	12.87	1.11	392
2013	12.03	12.90	0.87	394
2014	12.32	12.92	0.60	395
2015	12.62	12.94	0.32	393
2016	12.92	12.96	0.04	390
2017	13.24	12.99	-0.25	385
2018	13.52	13.01	-0.52	379
2019	13.82	13.02	-0.79	371
2020	14.10	13.04	-1.06	363
2021	14.36	13.06	-1.30	353
2022	14.61	13.08	-1.53	343
2023	14.84	13.09	-1.75	332
2024	15.05	13.11	-1.95	321
2025	15.25	13.12	-2.13	308
2026	15.43	13.13	-2.30	295
2027	15.60	13.14	-2.46	282
2028	15.75	13.15	-2.60	268
2029	15.88	13.16	-2.72	253
2030	15.99	13.17	-2.82	238
2031	16.07	13.18	-2.89	223
2032	16.12	13.18	-2.94	207
2033	16.15	13.19	-2.96	192
2034	16.15	13.19	-2.96	176
2035	16.13	13.19	-2.94	160
2036	16.10	13.19	-2.90	145
2037	16.04	13.19	-2.85	129
2038	15.97	13.19	-2.79	114
2039	15.89	13.18	-2.70	98
2040	15.79	13.18	-2.61	83
2041	15.69	13.18	-2.51	69
2042	15.59	13.17	-2.41	54
2043	15.48	13.17	-2.32	40
2044	15.38	13.16	-2.22	25
2045	15.28	13.16	-2.12	12
2046	15.18	13.15	-2.03	----
2047	15.09	13.15	-1.94	----
2048	15.01	13.15	-1.86	----
2049	14.92	13.14	-1.78	----
2050	14.85	13.14	-1.71	----
2051	14.78	13.14	-1.64	----
2052	14.71	13.13	-1.58	----
2053	14.65	13.13	-1.52	----
2054	14.60	13.13	-1.47	----
2055	14.55	13.13	-1.42	----
2056	14.50	13.12	-1.38	----
2057	14.46	13.12	-1.34	----
2058	14.42	13.12	-1.30	----
2059	14.37	13.12	-1.25	----
2060	14.33	13.12	-1.21	----
2061	14.29	13.11	-1.17	----
2062	14.25	13.11	-1.14	----
2063	14.21	13.11	-1.10	----
2064	14.17	13.11	-1.06	----
2065	14.13	13.11	-1.03	----
2066	14.10	13.11	-1.00	----
2067	14.07	13.10	-0.97	----
2068	14.04	13.10	-0.94	----
2069	14.01	13.10	-0.91	----
2070	13.98	13.10	-0.88	----
2071	13.96	13.10	-0.86	----
2072	13.93	13.10	-0.83	----
2073	13.91	13.10	-0.81	----
2074	13.89	13.10	-0.79	----
2075	13.86	13.10	-0.77	----
2076	13.84	13.09	-0.75	----
2077	13.82	13.09	-0.73	----
2078	13.80	13.09	-0.71	----
2079	13.79	13.09	-0.70	----
2080	13.77	13.09	-0.68	----
2081	13.75	13.09	-0.66	----
2082	13.74	13.09	-0.65	----
2083	13.72	13.09	-0.63	----
2084	13.70	13.09	-0.62	----
2085	13.69	13.09	-0.60	----

Summarized Rates
Years	Cost rate	Income rate	Actuarial balance	Change in actuarial balance

Estimates based on the Intermediate Assumptions of the 2008 Trustees Report
2008-2082	14.44%	13.87%	-0.57%	1.13%


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