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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 per year until it reaches 69 for individuals attaining age 62 in 2034. Thereafter, increase the NRA 1 month every 2 years.

 

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
257
0.000.000.00
201914.0612.95-1.11
244
0.000.000.00
202014.2612.97-1.29
231
0.000.000.00
202114.4412.99-1.45
218
0.000.000.00
202214.7013.03-1.68
204
0.000.000.00
202314.9513.04-1.91
189
-0.020.000.02
202415.1913.05-2.13
174
-0.040.000.04
202515.4113.07-2.34
159
-0.060.000.06
202615.6213.08-2.54
143
-0.090.000.08
202715.8213.09-2.72
127
-0.110.000.11
202816.0013.11-2.89
111
-0.140.000.13
202916.1713.12-3.05
93
-0.160.000.16
203016.3113.13-3.18
76
-0.180.000.18
203116.3813.14-3.25
57
-0.25-0.010.25
203216.4313.14-3.29
38
-0.32-0.010.32
203316.4613.15-3.31
19
-0.40-0.010.39
203416.4613.15-3.31
----
-0.48-0.010.46
203516.4213.15-3.27
----
-0.56-0.020.54
203616.3813.15-3.23
----
-0.63-0.020.61
203716.3313.15-3.18
----
-0.70-0.020.68
203816.2513.15-3.11
----
-0.76-0.020.74
203916.1713.15-3.02
----
-0.83-0.030.80
204016.0813.14-2.93
----
-0.89-0.030.86
204115.9813.14-2.84
----
-0.94-0.030.91
204215.8913.14-2.76
----
-1.00-0.030.97
204315.8113.13-2.67
----
-1.06-0.041.02
204415.7313.13-2.60
----
-1.11-0.041.07
204515.6713.13-2.54
----
-1.16-0.041.12
204615.6013.13-2.48
----
-1.21-0.041.17
204715.5413.13-2.42
----
-1.26-0.041.22
204815.4813.12-2.35
----
-1.31-0.051.27
204915.4213.12-2.30
----
-1.36-0.051.32
205015.3713.12-2.25
----
-1.41-0.051.36
205115.3413.12-2.22
----
-1.46-0.051.40
205215.3113.12-2.19
----
-1.50-0.051.45
205315.2913.12-2.17
----
-1.54-0.061.49
205415.2813.12-2.16
----
-1.59-0.061.53
205515.2813.12-2.16
----
-1.63-0.061.57
205615.2913.12-2.17
----
-1.67-0.061.61
205715.3013.12-2.17
----
-1.71-0.061.65
205815.3113.12-2.18
----
-1.74-0.061.68
205915.3213.13-2.20
----
-1.77-0.071.71
206015.3413.13-2.21
----
-1.80-0.071.73
206115.3613.13-2.23
----
-1.82-0.071.76
206215.3813.13-2.25
----
-1.85-0.071.78
206315.4013.13-2.27
----
-1.87-0.071.80
206415.4213.13-2.29
----
-1.89-0.071.82
206515.4413.14-2.31
----
-1.91-0.071.84
206615.4713.14-2.33
----
-1.93-0.071.86
206715.5013.14-2.36
----
-1.95-0.071.88
206815.5213.14-2.38
----
-1.97-0.071.90
206915.5513.14-2.40
----
-1.99-0.071.92
207015.5713.15-2.42
----
-2.02-0.081.94
207115.5813.15-2.43
----
-2.05-0.081.97
207215.5913.15-2.44
----
-2.07-0.081.99
207315.5913.15-2.44
----
-2.10-0.082.02
207415.5913.15-2.44
----
-2.12-0.082.04
207515.5813.15-2.43
----
-2.14-0.082.06
207615.5813.15-2.43
----
-2.15-0.082.07
207715.5613.15-2.41
----
-2.17-0.082.09
207815.5513.15-2.40
----
-2.19-0.082.11
207915.5313.15-2.38
----
-2.22-0.082.14
208015.5113.15-2.37
----
-2.25-0.092.16
208115.5013.15-2.35
----
-2.28-0.092.19
208215.4913.15-2.34
----
-2.31-0.092.22
208315.5013.15-2.35
----
-2.33-0.092.25
208415.5213.15-2.37
----
-2.35-0.092.27
208515.5413.15-2.39
----
-2.37-0.092.28
208615.5813.16-2.42
----
-2.39-0.092.30
208715.6213.16-2.46
----
-2.40-0.092.31
208815.6613.16-2.50
----
-2.41-0.092.32



 

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 15.55% 13.84% -1.71%
2033
-1.04% -0.04% 1.01%
 
1 Under present law, the year of Trust Fund reserve depletion is 2033.

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Last reviewed or modified September 11, 2013