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Detailed Single Year Tables

Description of Proposed Provision:
Beginning with those newly eligible for OASDI benefits in 2017, multiply all PIA formula factors each year by 0.991. Stop reductions after 2045. Disabled workers are: (a) not affected prior to normal retirement age; and (b) subject to a proportional reduction in benefits, based on the worker's years of disability, upon conversion to retired-worker beneficiary status. Young survivors (children of deceased workers and surviving spouses with a child in care) are not affected.

 

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
201313.9512.69-1.26
330
0.000.000.00
201414.0412.83-1.20
315
0.000.000.00
201513.9712.86-1.10
301
0.000.000.00
201613.9112.88-1.03
286
0.000.000.00
201713.8812.90-0.98
271
0.000.000.00
201813.9112.93-0.98
258
0.000.000.00
201914.0512.95-1.10
244
-0.010.000.01
202014.2412.97-1.27
231
-0.020.000.02
202114.4112.99-1.42
218
-0.030.000.03
202214.6513.02-1.63
205
-0.050.000.05
202314.8913.04-1.86
190
-0.070.000.07
202415.1213.05-2.07
176
-0.10-0.010.10
202515.3413.06-2.27
161
-0.14-0.010.13
202615.5313.08-2.45
146
-0.18-0.010.17
202715.7013.09-2.62
130
-0.22-0.010.21
202815.8613.10-2.77
115
-0.27-0.010.26
202916.0013.11-2.89
98
-0.33-0.020.31
203016.1113.11-3.00
81
-0.38-0.020.37
203116.1913.12-3.07
64
-0.45-0.020.42
203216.2413.12-3.12
46
-0.51-0.030.49
203316.2813.13-3.15
28
-0.58-0.030.55
203416.2813.13-3.15
9
-0.65-0.030.62
203516.2613.13-3.13
----
-0.73-0.040.69
203616.2113.13-3.08
----
-0.80-0.040.76
203716.1413.13-3.02
----
-0.88-0.040.83
203816.0613.12-2.94
----
-0.96-0.050.91
203915.9513.12-2.84
----
-1.04-0.050.99
204015.8413.11-2.73
----
-1.12-0.061.06
204115.7213.11-2.61
----
-1.20-0.061.14
204215.6013.10-2.50
----
-1.29-0.071.23
204315.4813.10-2.38
----
-1.38-0.071.31
204415.3713.09-2.27
----
-1.47-0.071.40
204515.2613.09-2.17
----
-1.57-0.081.49
204615.1513.08-2.07
----
-1.67-0.081.58
204715.0413.08-1.96
----
-1.77-0.091.68
204814.9313.07-1.85
----
-1.86-0.091.77
204914.8213.07-1.75
----
-1.96-0.101.86
205014.7313.07-1.66
----
-2.06-0.101.95
205114.6413.06-1.58
----
-2.15-0.112.04
205214.5713.06-1.51
----
-2.24-0.112.13
205314.5013.06-1.45
----
-2.33-0.122.21
205414.4513.05-1.40
----
-2.42-0.122.29
205514.4113.05-1.36
----
-2.50-0.132.37
205614.3813.05-1.33
----
-2.58-0.132.45
205714.3513.05-1.30
----
-2.65-0.142.52
205814.3313.05-1.28
----
-2.72-0.142.58
205914.3113.05-1.26
----
-2.79-0.142.64
206014.3013.05-1.25
----
-2.84-0.152.70
206114.2913.05-1.24
----
-2.90-0.152.75
206214.2813.05-1.23
----
-2.95-0.152.80
206314.2813.05-1.23
----
-2.99-0.152.84
206414.2813.05-1.23
----
-3.04-0.162.88
206514.2813.05-1.23
----
-3.07-0.162.92
206614.2913.05-1.24
----
-3.11-0.162.95
206714.3113.05-1.26
----
-3.14-0.162.98
206814.3213.05-1.27
----
-3.17-0.163.01
206914.3413.05-1.29
----
-3.20-0.163.03
207014.3613.06-1.31
----
-3.22-0.173.06
207114.3813.06-1.32
----
-3.24-0.173.08
207214.3913.06-1.34
----
-3.26-0.173.09
207314.4013.06-1.35
----
-3.28-0.173.11
207414.4113.06-1.36
----
-3.29-0.173.12
207514.4213.06-1.36
----
-3.30-0.173.13
207614.4213.06-1.36
----
-3.31-0.173.14
207714.4313.06-1.37
----
-3.31-0.173.14
207814.4313.06-1.37
----
-3.31-0.173.14
207914.4313.06-1.37
----
-3.31-0.173.14
208014.4413.06-1.38
----
-3.32-0.173.15
208114.4613.06-1.40
----
-3.32-0.173.15
208214.4813.06-1.41
----
-3.32-0.173.15
208314.5013.06-1.44
----
-3.33-0.173.16
208414.5313.07-1.47
----
-3.34-0.173.17
208514.5713.07-1.50
----
-3.35-0.173.17
208614.6013.07-1.53
----
-3.36-0.173.18
208714.6413.07-1.57
----
-3.37-0.173.20
208814.6813.07-1.61
----
-3.38-0.183.21



 

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 2013 Trustees Report.
2013-2087 15.03% 13.80% -1.23%
2034
-1.56% -0.08% 1.48%
 
1 Under present law, the year of Trust Fund reserve depletion is 2033.

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Last reviewed or modified September 11, 2013