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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 starting in 2016 by 3 months per year until EEA reaches 64 in 2023 and NRA reaches 69 in 2027.

 

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
201613.9012.88-1.02
286
-0.010.000.01
201713.8612.91-0.95
272
-0.020.000.03
201813.8612.94-0.92
259
-0.050.010.06
201913.9612.96-1.00
247
-0.100.010.10
202014.1112.98-1.13
235
-0.150.010.15
202114.2313.00-1.22
223
-0.210.010.22
202214.4213.04-1.38
211
-0.280.010.29
202314.6213.06-1.56
199
-0.350.020.36
202414.8213.07-1.74
186
-0.410.020.43
202515.0013.09-1.91
174
-0.480.020.49
202615.1813.10-2.07
161
-0.530.020.55
202715.3413.11-2.22
147
-0.590.020.61
202815.4913.13-2.36
134
-0.650.010.66
202915.6213.14-2.49
120
-0.700.010.72
203015.7413.14-2.59
105
-0.760.010.77
203115.8113.15-2.66
90
-0.820.010.83
203215.8813.16-2.72
74
-0.870.010.88
203315.9513.16-2.78
58
-0.910.010.92
203416.0013.17-2.83
42
-0.940.000.94
203516.0213.17-2.85
25
-0.960.000.96
203616.0513.17-2.88
8
-0.960.000.96
203716.0613.17-2.89
----
-0.960.000.96
203816.0513.17-2.88
----
-0.970.000.97
203916.0113.17-2.84
----
-0.98-0.010.98
204015.9713.16-2.80
----
-1.00-0.010.99
204115.9113.16-2.75
----
-1.02-0.011.01
204215.8613.16-2.69
----
-1.04-0.011.03
204315.8113.16-2.65
----
-1.06-0.011.05
204415.7713.16-2.61
----
-1.08-0.011.07
204515.7313.16-2.58
----
-1.09-0.011.08
204615.7113.16-2.55
----
-1.11-0.011.10
204715.6813.16-2.52
----
-1.13-0.011.11
204815.6513.16-2.49
----
-1.14-0.011.13
204915.6313.16-2.47
----
-1.16-0.011.14
205015.6113.16-2.46
----
-1.17-0.011.16
205115.6013.16-2.44
----
-1.19-0.011.18
205215.6113.16-2.45
----
-1.20-0.011.19
205315.6213.16-2.46
----
-1.21-0.011.20
205415.6513.16-2.49
----
-1.22-0.011.20
205515.6913.17-2.52
----
-1.22-0.011.21
205615.7313.17-2.57
----
-1.22-0.011.21
205715.7813.17-2.61
----
-1.22-0.011.21
205815.8313.17-2.65
----
-1.22-0.011.21
205915.8813.18-2.70
----
-1.22-0.011.21
206015.9213.18-2.74
----
-1.22-0.011.21
206115.9613.18-2.78
----
-1.22-0.011.21
206216.0113.19-2.82
----
-1.22-0.021.21
206316.0513.19-2.86
----
-1.22-0.021.20
206416.0913.19-2.90
----
-1.22-0.021.21
206516.1313.19-2.94
----
-1.23-0.021.21
206616.1713.19-2.98
----
-1.23-0.021.22
206716.2113.20-3.01
----
-1.24-0.021.22
206816.2513.20-3.05
----
-1.25-0.021.23
206916.2913.20-3.09
----
-1.25-0.021.23
207016.3313.20-3.13
----
-1.25-0.021.24
207116.3713.21-3.16
----
-1.25-0.021.24
207216.4013.21-3.19
----
-1.25-0.021.24
207316.4313.21-3.22
----
-1.26-0.021.24
207416.4513.21-3.24
----
-1.26-0.021.24
207516.4613.21-3.25
----
-1.26-0.021.24
207616.4713.21-3.25
----
-1.27-0.021.25
207716.4713.21-3.26
----
-1.27-0.021.25
207816.4713.21-3.26
----
-1.27-0.021.25
207916.4813.21-3.26
----
-1.27-0.021.25
208016.4913.21-3.27
----
-1.27-0.021.25
208116.5113.21-3.29
----
-1.27-0.021.25
208216.5313.22-3.32
----
-1.27-0.021.25
208316.5613.22-3.35
----
-1.27-0.021.25
208416.6013.22-3.38
----
-1.27-0.021.25
208516.6513.22-3.42
----
-1.27-0.021.25
208616.6913.23-3.47
----
-1.27-0.021.25
208716.7413.23-3.51
----
-1.27-0.021.25
208816.7913.23-3.56
----
-1.27-0.021.25



 

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 15.71% 13.87% -1.84%
2036
-0.89% -0.00% 0.88%
 
1 Under present law, the year of Trust Fund reserve depletion is 2033.

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Last reviewed or modified September 11, 2013