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Detailed Single Year Tables
Level of Monthly Benefits (PIA)

Description of Proposed Provision:
Increase the PIA to a level such that a worker with 30 years of earnings at the minimum wage level would receive an adjusted PIA equal to 120 percent of the Federal poverty level for an aged individual. This provision would take full effect for all newly eligible OASDI workers in 2027, and would be phased in for new eligible in 2018 through 2026. The percentage increase in PIA would be lowered proportionately for those with fewer than 30 years of earnings, down to no enhancement for workers with 20 or fewer years of earnings. (Year-of-work requirements are scaled for disabled workers based on their years of potential work from age 22 to benefit eligibility). The benefit enhancement percentage would be reduced proportionately for workers with higher average indexed monthly earnings (AIME), down to no enhancement for those with AIME at least twice that of a 35-year steady minimum wage earner.

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		  
200912.3512.830.48 354
201012.5012.870.37 360
201112.3712.870.50 366
201212.2412.870.63 369
201312.3812.900.52 367
201412.6212.920.30 364
201512.8812.940.06 359
201613.1812.96-0.22 354
201713.4912.98-0.51 347
201813.8313.00-0.83 338
201914.1713.02-1.15 327
202014.5013.04-1.46 315
202114.8113.06-1.75 302
202215.1113.08-2.03 289
202315.3813.10-2.28 274
202415.6513.12-2.53 259
202515.8913.13-2.76 243
202616.1213.15-2.97 226
202716.3313.16-3.17 208
202816.5213.18-3.35 190
202916.6913.19-3.50 170
203016.8313.20-3.63 151
203116.9513.21-3.74 131
203217.0513.22-3.83 110
203317.1213.23-3.89 89
203417.1713.24-3.93 67
203517.2013.24-3.96 46
203617.2113.25-3.97 23
203717.2113.25-3.96 1
203817.1813.25-3.93 ----
203917.1413.25-3.89 ----
204017.0913.25-3.84 ----
204117.0313.25-3.78 ----
204216.9813.25-3.72 ----
204316.9213.25-3.67 ----
204416.8713.25-3.62 ----
204516.8313.25-3.58 ----
204616.7913.25-3.54 ----
204716.7613.25-3.51 ----
204816.7313.25-3.48 ----
204916.6913.25-3.44 ----
205016.6713.25-3.42 ----
205116.6513.25-3.40 ----
205216.6413.25-3.39 ----
205316.6413.26-3.39 ----
205416.6513.26-3.39 ----
205516.6613.26-3.40 ----
205616.6813.26-3.41 ----
205716.7013.26-3.43 ----
205816.7213.27-3.45 ----
205916.7413.27-3.47 ----
206016.7613.27-3.48 ----
206116.7813.27-3.50 ----
206216.8013.28-3.52 ----
206316.8213.28-3.54 ----
206416.8513.28-3.56 ----
206516.8813.28-3.59 ----
206616.9113.29-3.62 ----
206716.9413.29-3.65 ----
206816.9813.29-3.69 ----
206917.0213.30-3.72 ----
207017.0613.30-3.76 ----
207117.1013.30-3.80 ----
207217.1513.31-3.84 ----
207317.1913.31-3.88 ----
207417.2413.31-3.92 ----
207517.2813.32-3.97 ----
207617.3313.32-4.01 ----
207717.3813.32-4.05 ----
207817.4313.33-4.10 ----
207917.4813.33-4.15 ----
208017.5313.33-4.20 ----
208117.5813.34-4.25 ----
208217.6313.34-4.30 ----
208317.6913.34-4.34 ----
208417.7413.35-4.39 ----


Summarized Rates
Years Cost
rate		 Income
rate		 Actuarial
balance
Change in
actuarial
balance
 
Estimates based on the Intermediate Assumptions of the 2009 Trustees Report
2009-2083 16.06% 14.02% -2.04%
-0.04%

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Last reviewed or modified May 14, 2010