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Detailed Single Year Tables

Description of Proposed Provision:
Increase the normal retirement age (NRA) and the earliest eligibility age (EEA) for those age 62 in 2020-21 to 68 and 63, respectively and then by 3 months per year in 2022-25 to 69 and 64, respectively.

 

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
202014.3013.08-1.23
242
-0.070.000.08
202114.5013.11-1.39
230
-0.150.000.15
202214.7413.13-1.61
217
-0.230.000.24
202314.9713.15-1.82
204
-0.320.010.32
202415.1913.17-2.02
191
-0.410.010.41
202515.3813.19-2.20
177
-0.500.010.51
202615.4913.20-2.29
164
-0.670.000.67
202715.6113.21-2.40
151
-0.800.000.80
202815.7313.23-2.51
137
-0.900.000.90
202915.8513.24-2.62
122
-0.980.000.98
203015.9713.25-2.73
107
-1.030.001.03
203116.1013.25-2.85
91
-1.040.001.04
203216.1913.26-2.93
74
-1.06-0.011.05
203316.2613.26-3.00
57
-1.07-0.011.06
203416.3113.27-3.04
40
-1.07-0.011.06
203516.3313.27-3.06
22
-1.08-0.011.07
203616.3613.27-3.09
4
-1.07-0.011.06
203716.3613.27-3.09
----
-1.07-0.011.06
203816.3413.27-3.07
----
-1.08-0.011.06
203916.3113.27-3.04
----
-1.09-0.011.07
204016.2613.27-2.99
----
-1.10-0.021.08
204116.2013.26-2.94
----
-1.12-0.021.10
204216.1513.26-2.88
----
-1.13-0.021.12
204316.0913.26-2.83
----
-1.15-0.021.13
204416.0513.26-2.79
----
-1.17-0.021.15
204516.0113.26-2.75
----
-1.18-0.021.16
204615.9713.25-2.71
----
-1.19-0.021.17
204715.9313.25-2.68
----
-1.20-0.021.18
204815.9013.25-2.65
----
-1.21-0.021.19
204915.8713.25-2.62
----
-1.22-0.021.20
205015.8513.25-2.59
----
-1.23-0.021.21
205115.8313.25-2.58
----
-1.24-0.021.22
205215.8213.25-2.57
----
-1.25-0.021.23
205315.8213.25-2.56
----
-1.25-0.021.23
205415.8213.25-2.57
----
-1.26-0.021.23
205515.8413.26-2.58
----
-1.25-0.021.23
205615.8513.26-2.60
----
-1.25-0.021.23
205715.8713.26-2.62
----
-1.25-0.021.23
205815.8913.26-2.64
----
-1.24-0.021.22
205915.9113.26-2.65
----
-1.24-0.021.21
206015.9213.26-2.66
----
-1.23-0.021.21
206115.9413.26-2.68
----
-1.22-0.021.20
206215.9513.26-2.69
----
-1.22-0.021.20
206315.9613.26-2.69
----
-1.22-0.021.20
206415.9713.26-2.70
----
-1.22-0.021.20
206515.9813.26-2.71
----
-1.22-0.021.20
206615.9913.27-2.73
----
-1.22-0.021.20
206716.0113.27-2.75
----
-1.23-0.021.20
206816.0313.27-2.77
----
-1.23-0.021.21
206916.0613.27-2.79
----
-1.23-0.021.21
207016.0913.27-2.82
----
-1.23-0.021.21
207116.1213.27-2.85
----
-1.23-0.021.21
207216.1513.28-2.87
----
-1.23-0.021.21
207316.1713.28-2.89
----
-1.23-0.021.21
207416.2013.28-2.92
----
-1.23-0.021.21
207516.2313.28-2.95
----
-1.23-0.021.21
207616.2513.28-2.97
----
-1.23-0.021.21
207716.2813.29-2.99
----
-1.24-0.021.21
207816.3013.29-3.01
----
-1.24-0.021.21
207916.3313.29-3.04
----
-1.24-0.021.22
208016.3613.29-3.07
----
-1.24-0.021.22
208116.3913.29-3.10
----
-1.25-0.021.22
208216.4313.30-3.13
----
-1.25-0.021.22
208316.4713.30-3.17
----
-1.25-0.021.22
208416.5113.30-3.20
----
-1.25-0.021.23
208516.5513.30-3.24
----
-1.25-0.021.23
208616.5913.31-3.28
----
-1.25-0.021.22
208716.6213.31-3.32
----
-1.25-0.021.22



 

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 15.78% 14.01% -1.77%
2036
-0.91% -0.01% 0.89%
 
1 Under present law, the year of Trust Fund reserve depletion is 2033.

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Last reviewed or modified February 20, 2013