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Detailed Single Year Tables

Description of Proposed Provision:
After the normal retirement age (NRA) reaches 67 for those age 62 in 2022, increase the NRA 1 month every 2 years until the NRA reaches 68.

 

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
201213.8312.89-0.93
340
0.000.000.00
201313.9512.83-1.12
329
0.000.000.00
201413.9812.93-1.05
315
0.000.000.00
201513.9712.95-1.01
302
0.000.000.00
201613.9412.98-0.96
290
0.000.000.00
201713.9113.01-0.91
277
0.000.000.00
201813.9613.03-0.93
265
0.000.000.00
201914.1313.05-1.08
253
0.000.000.00
202014.3713.07-1.30
240
0.000.000.00
202114.6513.11-1.55
227
0.000.000.00
202214.9713.13-1.84
212
0.000.000.00
202315.2813.14-2.14
197
0.000.000.00
202415.5913.16-2.42
181
-0.010.000.01
202515.8713.18-2.69
165
-0.010.000.01
202616.1313.19-2.94
147
-0.020.000.02
202716.3913.21-3.18
129
-0.020.000.02
202816.6113.22-3.38
111
-0.030.000.03
202916.7913.24-3.56
91
-0.040.000.04
203016.9613.25-3.71
71
-0.040.000.04
203117.0813.26-3.83
50
-0.060.000.06
203217.1713.26-3.91
29
-0.080.000.08
203317.2313.27-3.96
7
-0.100.000.10
203417.2613.27-3.99
----
-0.120.000.12
203517.2713.27-4.00
----
-0.140.000.13
203617.2713.28-3.99
----
-0.160.000.15
203717.2513.28-3.98
----
-0.18-0.010.17
203817.2213.28-3.94
----
-0.20-0.010.20
203917.1613.28-3.89
----
-0.23-0.010.22
204017.1113.27-3.84
----
-0.25-0.010.24
204117.0513.27-3.78
----
-0.27-0.010.26
204216.9913.27-3.72
----
-0.29-0.010.28
204316.9313.27-3.67
----
-0.31-0.010.30
204416.8713.26-3.61
----
-0.34-0.010.33
204516.8213.26-3.56
----
-0.37-0.010.35
204616.7613.26-3.50
----
-0.40-0.020.38
204716.7113.26-3.45
----
-0.43-0.020.41
204816.6613.26-3.40
----
-0.45-0.020.44
204916.6213.26-3.36
----
-0.48-0.020.46
205016.5813.25-3.32
----
-0.50-0.020.48
205116.5413.25-3.29
----
-0.53-0.020.50
205216.5213.25-3.27
----
-0.55-0.020.52
205316.5113.25-3.25
----
-0.57-0.020.54
205416.5013.25-3.25
----
-0.58-0.020.56
205516.4913.25-3.24
----
-0.60-0.030.57
205616.4913.25-3.24
----
-0.61-0.030.59
205716.5013.25-3.24
----
-0.63-0.030.60
205816.5013.25-3.25
----
-0.64-0.030.61
205916.5013.25-3.25
----
-0.65-0.030.62
206016.5013.26-3.24
----
-0.66-0.030.63
206116.5013.26-3.24
----
-0.66-0.030.63
206216.5013.26-3.24
----
-0.67-0.030.64
206316.5013.26-3.24
----
-0.68-0.030.65
206416.5013.26-3.24
----
-0.68-0.030.65
206516.5113.26-3.25
----
-0.69-0.030.66
206616.5213.26-3.26
----
-0.70-0.030.67
206716.5413.26-3.28
----
-0.70-0.030.67
206816.5513.26-3.29
----
-0.71-0.030.68
206916.5813.26-3.32
----
-0.72-0.030.68
207016.6013.26-3.34
----
-0.72-0.030.69
207116.6313.27-3.36
----
-0.73-0.030.69
207216.6513.27-3.38
----
-0.73-0.030.70
207316.6713.27-3.40
----
-0.73-0.030.70
207416.7013.27-3.43
----
-0.73-0.030.70
207516.7313.27-3.45
----
-0.74-0.030.70
207616.7513.27-3.48
----
-0.74-0.030.70
207716.7713.28-3.50
----
-0.74-0.030.70
207816.8013.28-3.52
----
-0.74-0.030.71
207916.8313.28-3.55
----
-0.74-0.030.71
208016.8613.28-3.58
----
-0.74-0.030.71
208116.8913.28-3.61
----
-0.75-0.030.71
208216.9313.29-3.64
----
-0.75-0.030.71
208316.9713.29-3.68
----
-0.75-0.030.72
208417.0013.29-3.71
----
-0.75-0.030.72
208517.0413.29-3.75
----
-0.75-0.040.72
208617.0813.29-3.78
----
-0.75-0.040.72
208717.1213.30-3.82
----
-0.75-0.040.72



 

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 2012 Trustees Report.
2012-2086 16.35% 14.01% -2.34%
2033
-0.34% -0.01% 0.32%
 
1 Under present law, the year of Trust Fund reserve depletion is 2033.

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Last reviewed or modified February 20, 2013