Detailed Single Year Tables

Level of Monthly Benefits (PIA)	Description of Proposed Provision: For each year from 2011-2041, multiply the 32 and 15 percent formula factors by 0.987, reducing the factors to 21 percent and 10 percent respectively, for new eligibles in 2041 and later.

			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	Trust fund ratio as of January 1	Cost rate	Income rate	Annual balance
2010	13.09	12.33	-0.76	355	0.00	0.00	0.00
2011	13.03	12.91	-0.12	353	0.00	0.00	0.00
2012	12.83	12.87	0.04	351	-0.01	0.00	0.01
2013	12.80	12.90	0.10	346	-0.02	0.00	0.02
2014	12.82	12.92	0.10	342	-0.04	0.00	0.04
2015	12.92	12.93	0.02	338	-0.06	0.00	0.06
2016	13.02	12.96	-0.06	333	-0.09	0.00	0.08
2017	13.19	12.98	-0.20	328	-0.12	-0.01	0.11
2018	13.39	13.01	-0.38	323	-0.16	-0.01	0.15
2019	13.64	13.02	-0.62	317	-0.20	-0.01	0.19
2020	13.90	13.04	-0.86	309	-0.25	-0.01	0.24
2021	14.15	13.05	-1.10	301	-0.30	-0.01	0.29
2022	14.39	13.07	-1.32	292	-0.36	-0.02	0.34
2023	14.61	13.08	-1.53	283	-0.42	-0.02	0.40
2024	14.81	13.09	-1.71	272	-0.48	-0.02	0.46
2025	14.99	13.11	-1.88	261	-0.55	-0.03	0.52
2026	15.14	13.12	-2.02	250	-0.62	-0.03	0.59
2027	15.27	13.13	-2.14	238	-0.69	-0.03	0.65
2028	15.37	13.13	-2.24	226	-0.76	-0.04	0.72
2029	15.45	13.14	-2.31	213	-0.83	-0.04	0.79
2030	15.50	13.15	-2.35	201	-0.90	-0.05	0.86
2031	15.53	13.15	-2.38	188	-0.98	-0.05	0.93
2032	15.54	13.16	-2.38	175	-1.05	-0.05	1.00
2033	15.53	13.16	-2.37	162	-1.13	-0.06	1.07
2034	15.50	13.16	-2.34	150	-1.20	-0.06	1.14
2035	15.45	13.16	-2.29	137	-1.28	-0.07	1.21
2036	15.38	13.16	-2.23	125	-1.35	-0.07	1.29
2037	15.31	13.16	-2.15	113	-1.43	-0.07	1.36
2038	15.21	13.15	-2.06	101	-1.50	-0.08	1.43
2039	15.11	13.15	-1.96	89	-1.58	-0.08	1.49
2040	14.99	13.14	-1.85	78	-1.65	-0.09	1.56
2041	14.88	13.14	-1.74	68	-1.72	-0.09	1.63
2042	14.76	13.13	-1.63	58	-1.79	-0.09	1.70
2043	14.65	13.13	-1.52	48	-1.86	-0.10	1.77
2044	14.54	13.13	-1.42	39	-1.93	-0.10	1.83
2045	14.44	13.12	-1.32	30	-2.00	-0.10	1.90
2046	14.35	13.12	-1.23	21	-2.07	-0.11	1.96
2047	14.27	13.11	-1.15	13	-2.13	-0.11	2.02
2048	14.19	13.11	-1.07	6	-2.19	-0.12	2.08
2049	14.11	13.11	-1.00	----	-2.25	-0.12	2.13
2050	14.03	13.10	-0.93	----	-2.30	-0.12	2.18
2051	13.98	13.10	-0.87	----	-2.35	-0.12	2.22
2052	13.93	13.10	-0.83	----	-2.40	-0.13	2.27
2053	13.89	13.10	-0.79	----	-2.44	-0.13	2.31
2054	13.86	13.10	-0.76	----	-2.49	-0.13	2.36
2055	13.84	13.10	-0.74	----	-2.53	-0.13	2.40
2056	13.82	13.10	-0.73	----	-2.57	-0.14	2.43
2057	13.81	13.10	-0.71	----	-2.61	-0.14	2.47
2058	13.80	13.10	-0.70	----	-2.64	-0.14	2.50
2059	13.79	13.10	-0.69	----	-2.67	-0.14	2.53
2060	13.78	13.10	-0.69	----	-2.70	-0.14	2.55
2061	13.78	13.10	-0.68	----	-2.73	-0.15	2.58
2062	13.78	13.10	-0.68	----	-2.75	-0.15	2.60
2063	13.79	13.10	-0.69	----	-2.77	-0.15	2.62
2064	13.79	13.10	-0.69	----	-2.79	-0.15	2.64
2065	13.80	13.10	-0.70	----	-2.81	-0.15	2.66
2066	13.82	13.10	-0.71	----	-2.83	-0.15	2.68
2067	13.84	13.10	-0.73	----	-2.85	-0.15	2.70
2068	13.86	13.11	-0.75	----	-2.87	-0.15	2.71
2069	13.88	13.11	-0.77	----	-2.88	-0.16	2.73
2070	13.91	13.11	-0.80	----	-2.90	-0.16	2.74
2071	13.94	13.11	-0.82	----	-2.91	-0.16	2.76
2072	13.97	13.11	-0.85	----	-2.93	-0.16	2.77
2073	14.00	13.12	-0.88	----	-2.94	-0.16	2.78
2074	14.03	13.12	-0.91	----	-2.95	-0.16	2.79
2075	14.07	13.12	-0.95	----	-2.96	-0.16	2.80
2076	14.10	13.12	-0.98	----	-2.97	-0.16	2.81
2077	14.14	13.13	-1.01	----	-2.98	-0.16	2.82
2078	14.17	13.13	-1.04	----	-2.99	-0.16	2.83
2079	14.21	13.13	-1.08	----	-3.00	-0.16	2.83
2080	14.24	13.13	-1.11	----	-3.01	-0.16	2.84
2081	14.28	13.14	-1.14	----	-3.02	-0.16	2.85
2082	14.31	13.14	-1.18	----	-3.02	-0.16	2.86
2083	14.35	13.14	-1.21	----	-3.03	-0.17	2.87
2084	14.38	13.14	-1.24	----	-3.04	-0.17	2.88
2085	14.42	13.14	-1.27	----	-3.05	-0.17	2.88

				Summarized Estimates

	Proposal				Change from Present Law
Years	Cost rate	Income rate	Actuarial balance	Year of exhaustion¹	Cost rate	Income rate	Actuarial balance

Based on Intermediate Assumptions of the 2010 Trustees Report.
2010-2084	14.36%	13.93%	-0.43%	2048	-1.57%	-0.08%	1.49%

¹ Under present law, the year of exhaustion is 2037.


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Detailed Single Year Tables

Description of Proposed Provision: For each year from 2011-2041, multiply the 32 and 15 percent formula factors by 0.987, reducing the factors to 21 percent and 10 percent respectively, for new eligibles in 2041 and later.

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates

Description of Proposed Provision:
For each year from 2011-2041, multiply the 32 and 15 percent formula factors by 0.987, reducing the factors to 21 percent and 10 percent respectively, for new eligibles in 2041 and later.