Skip to content
Social Security Online
Actuarial Publications
Solvency provisions SSA logo: link to Social Security Online home

Detailed Single Year Tables

Description of Proposed Provision:
Starting in 2013, allow workers to choose whether to have their payroll tax rate reduced by 2 percentage points. For each calendar year that a worker chooses to have their payroll tax reduced, their NRA increases 1 month. We assume 2/3 of workers each year will choose this payroll reduction. The General Fund of the Treasury reimburses the OASI and DI Trust Funds for the reduction in payroll tax revenue.

 

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
201713.9113.01-0.90
277
0.000.000.00
201813.9613.03-0.92
266
0.000.000.00
201914.1313.05-1.08
254
-0.010.000.01
202014.3613.07-1.29
241
-0.010.000.01
202114.6213.11-1.52
227
-0.030.000.03
202214.9213.13-1.79
214
-0.050.000.05
202315.2113.14-2.07
199
-0.080.000.08
202415.4913.16-2.33
183
-0.100.000.10
202515.7613.18-2.58
167
-0.130.000.12
202616.0113.19-2.82
151
-0.140.000.14
202716.2513.21-3.05
134
-0.16-0.010.15
202816.4613.22-3.24
116
-0.17-0.010.17
202916.6413.23-3.41
97
-0.19-0.010.18
203016.8013.24-3.55
77
-0.21-0.010.20
203116.9213.25-3.67
57
-0.23-0.010.22
203217.0013.25-3.75
36
-0.25-0.010.24
203317.0613.26-3.80
15
-0.27-0.010.26
203417.0913.26-3.82
----
-0.29-0.010.28
203517.0913.26-3.83
----
-0.32-0.010.30
203617.0813.27-3.82
----
-0.34-0.020.33
203717.0613.27-3.79
----
-0.37-0.020.36
203817.0213.27-3.75
----
-0.40-0.020.38
203916.9613.26-3.69
----
-0.44-0.020.42
204016.8913.26-3.63
----
-0.47-0.020.45
204116.8113.26-3.55
----
-0.51-0.020.49
204216.7313.26-3.48
----
-0.55-0.020.52
204316.6513.25-3.40
----
-0.59-0.030.56
204416.5813.25-3.33
----
-0.63-0.030.61
204516.5113.25-3.26
----
-0.68-0.030.65
204616.4313.24-3.19
----
-0.73-0.030.70
204716.3613.24-3.12
----
-0.78-0.030.74
204816.2913.24-3.05
----
-0.82-0.040.79
204916.2213.24-2.99
----
-0.87-0.040.83
205016.1613.23-2.93
----
-0.92-0.040.88
205116.1013.23-2.87
----
-0.97-0.040.93
205216.0513.23-2.82
----
-1.02-0.040.97
205316.0113.23-2.78
----
-1.06-0.051.01
205415.9813.23-2.75
----
-1.10-0.051.05
205515.9513.23-2.73
----
-1.14-0.051.09
205615.9413.23-2.71
----
-1.17-0.051.11
205715.9313.23-2.70
----
-1.19-0.051.14
205815.9213.23-2.69
----
-1.21-0.051.16
205915.9113.23-2.68
----
-1.24-0.061.18
206015.9013.23-2.67
----
-1.26-0.061.20
206115.8813.23-2.65
----
-1.28-0.061.23
206215.8613.23-2.64
----
-1.30-0.061.25
206315.8613.23-2.63
----
-1.32-0.061.26
206415.8513.23-2.62
----
-1.33-0.061.27
206515.8513.23-2.62
----
-1.35-0.061.29
206615.8613.23-2.63
----
-1.36-0.061.30
206715.8613.23-2.63
----
-1.38-0.061.32
206815.8713.23-2.64
----
-1.39-0.061.33
206915.8913.23-2.66
----
-1.40-0.061.34
207015.9113.23-2.68
----
-1.41-0.061.35
207115.9313.24-2.69
----
-1.42-0.061.36
207215.9513.24-2.71
----
-1.43-0.061.37
207315.9613.24-2.72
----
-1.44-0.061.38
207415.9813.24-2.74
----
-1.45-0.061.39
207516.0013.24-2.76
----
-1.46-0.061.40
207616.0113.24-2.77
----
-1.47-0.061.41
207716.0313.25-2.78
----
-1.48-0.061.42
207816.0513.25-2.80
----
-1.49-0.061.43
207916.0713.25-2.82
----
-1.50-0.061.44
208016.0913.25-2.84
----
-1.51-0.061.45
208116.1213.25-2.87
----
-1.52-0.071.45
208216.1513.25-2.89
----
-1.53-0.071.46
208316.1813.26-2.92
----
-1.54-0.071.47
208416.2113.26-2.95
----
-1.55-0.071.48
208516.2413.26-2.98
----
-1.56-0.071.49
208616.2713.26-3.01
----
-1.56-0.071.50
208716.3013.27-3.03
----
-1.57-0.071.50



 

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 16.01% 13.99% -2.01%
2033
-0.68% -0.03% 0.65%
 
1 Under present law, the year of Trust Fund reserve depletion is 2033.

 Link to USA.gov: U.S. Government portal Privacy Policy  | Website Policies & Other Important Information  | Site Map
Last reviewed or modified February 20, 2013