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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 2 months every year 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
202315.2713.14-2.12
197
-0.020.000.02
202415.5513.16-2.39
182
-0.040.000.04
202515.8213.18-2.64
165
-0.060.000.06
202616.0713.19-2.87
148
-0.090.000.08
202716.3013.21-3.09
131
-0.110.000.11
202816.5013.22-3.28
113
-0.140.000.13
202916.6713.23-3.44
94
-0.160.000.16
203016.8213.24-3.57
74
-0.190.000.18
203116.8913.25-3.63
54
-0.26-0.010.25
203216.9413.26-3.69
34
-0.31-0.010.30
203316.9813.26-3.72
13
-0.35-0.010.34
203416.9913.26-3.73
----
-0.38-0.010.37
203516.9913.26-3.73
----
-0.41-0.010.40
203616.9913.27-3.73
----
-0.44-0.020.42
203716.9813.27-3.71
----
-0.46-0.020.44
203816.9513.27-3.68
----
-0.48-0.020.46
203916.9013.26-3.63
----
-0.49-0.020.47
204016.8413.26-3.58
----
-0.51-0.020.49
204116.7913.26-3.53
----
-0.53-0.020.51
204216.7313.26-3.48
----
-0.55-0.020.52
204316.6813.25-3.43
----
-0.56-0.020.54
204416.6313.25-3.38
----
-0.58-0.020.56
204516.5913.25-3.34
----
-0.60-0.030.57
204616.5513.25-3.30
----
-0.61-0.030.59
204716.5113.25-3.26
----
-0.63-0.030.60
204816.4713.25-3.22
----
-0.64-0.030.61
204916.4413.25-3.19
----
-0.66-0.030.63
205016.4113.24-3.17
----
-0.67-0.030.64
205116.3913.24-3.15
----
-0.68-0.030.65
205216.3813.24-3.13
----
-0.69-0.030.66
205316.3713.24-3.13
----
-0.70-0.030.67
205416.3713.24-3.13
----
-0.71-0.030.68
205516.3813.25-3.13
----
-0.72-0.030.68
205616.3813.25-3.14
----
-0.72-0.030.69
205716.4013.25-3.15
----
-0.73-0.030.69
205816.4113.25-3.16
----
-0.73-0.030.70
205916.4213.25-3.17
----
-0.73-0.030.70
206016.4213.25-3.17
----
-0.73-0.030.70
206116.4313.25-3.18
----
-0.73-0.030.70
206216.4413.25-3.19
----
-0.73-0.030.69
206316.4513.25-3.20
----
-0.73-0.030.69
206416.4613.25-3.20
----
-0.73-0.030.69
206516.4713.25-3.22
----
-0.73-0.030.70
206616.4913.26-3.23
----
-0.73-0.030.70
206716.5113.26-3.25
----
-0.73-0.030.70
206816.5313.26-3.27
----
-0.73-0.030.70
206916.5613.26-3.30
----
-0.73-0.030.70
207016.5913.26-3.33
----
-0.74-0.030.70
207116.6213.26-3.35
----
-0.74-0.030.70
207216.6413.27-3.37
----
-0.74-0.030.70
207316.6713.27-3.40
----
-0.74-0.030.70
207416.6913.27-3.42
----
-0.74-0.030.71
207516.7213.27-3.45
----
-0.74-0.030.71
207616.7513.27-3.47
----
-0.74-0.030.71
207716.7713.28-3.50
----
-0.74-0.030.71
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 16.25% 14.00% -2.25%
2033
-0.44% -0.02% 0.42%
 
1 Under present law, the year of Trust Fund reserve depletion is 2033.

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Last reviewed or modified February 20, 2013