Detailed Single Year Tables

Description of Proposed Provision:
Beginning with those newly eligible for OASDI benefits in 2022, create a new bend point at the 50th percentile of the AIME distribution of newly retired workers and gradually reduce all PIA factors except for the 90 percent factor. By 2055: a) the 32 percent PIA factor below the new bend point reduces to 30 percent; b) the 32 percent PIA factor above the new bend point reduces to 10 percent; and c) the 15 percent PIA factor reduces to 5 percent.

			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	Trust fund ratio as of January 1	Cost rate	Income rate	Annual balance
2015	14.13	12.82	-1.31	308	0.00	0.00	0.00
2016	13.88	12.88	-1.00	298	0.00	0.00	0.00
2017	13.89	12.91	-0.98	280	0.00	0.00	0.00
2018	13.97	12.94	-1.03	264	0.00	0.00	0.00
2019	14.09	12.95	-1.14	248	0.00	0.00	0.00
2020	14.23	12.96	-1.26	233	0.00	0.00	0.00
2021	14.35	12.98	-1.36	219	0.00	0.00	0.00
2022	14.52	13.01	-1.51	204	0.00	0.00	0.00
2023	14.72	13.03	-1.69	189	0.00	0.00	0.00
2024	14.95	13.06	-1.89	173	-0.01	0.00	0.00
2025	15.15	13.08	-2.07	158	-0.01	0.00	0.01
2026	15.35	13.10	-2.25	142	-0.02	0.00	0.02
2027	15.53	13.11	-2.42	127	-0.03	0.00	0.02
2028	15.71	13.13	-2.59	111	-0.04	0.00	0.04
2029	15.88	13.14	-2.74	95	-0.05	0.00	0.05
2030	16.02	13.15	-2.87	78	-0.07	0.00	0.07
2031	16.15	13.16	-2.99	61	-0.09	0.00	0.09
2032	16.26	13.17	-3.09	44	-0.12	-0.01	0.11
2033	16.33	13.18	-3.16	26	-0.14	-0.01	0.14
2034	16.38	13.18	-3.20	7	-0.17	-0.01	0.16
2035	16.42	13.19	-3.23	----	-0.20	-0.01	0.19
2036	16.44	13.19	-3.25	----	-0.24	-0.01	0.23
2037	16.44	13.19	-3.25	----	-0.27	-0.01	0.26
2038	16.42	13.20	-3.22	----	-0.31	-0.02	0.30
2039	16.38	13.20	-3.18	----	-0.35	-0.02	0.33
2040	16.32	13.20	-3.12	----	-0.39	-0.02	0.37
2041	16.25	13.19	-3.06	----	-0.44	-0.02	0.42
2042	16.18	13.19	-2.99	----	-0.48	-0.02	0.46
2043	16.11	13.19	-2.92	----	-0.53	-0.03	0.50
2044	16.03	13.19	-2.85	----	-0.58	-0.03	0.55
2045	15.96	13.18	-2.78	----	-0.63	-0.03	0.60
2046	15.89	13.18	-2.70	----	-0.69	-0.04	0.65
2047	15.82	13.18	-2.64	----	-0.74	-0.04	0.71
2048	15.75	13.18	-2.57	----	-0.80	-0.04	0.76
2049	15.68	13.17	-2.50	----	-0.86	-0.04	0.82
2050	15.62	13.17	-2.45	----	-0.92	-0.05	0.87
2051	15.57	13.17	-2.40	----	-0.98	-0.05	0.93
2052	15.53	13.17	-2.36	----	-1.05	-0.05	0.99
2053	15.49	13.17	-2.32	----	-1.11	-0.06	1.06
2054	15.46	13.17	-2.29	----	-1.18	-0.06	1.12
2055	15.44	13.17	-2.27	----	-1.25	-0.07	1.19
2056	15.42	13.17	-2.25	----	-1.32	-0.07	1.25
2057	15.40	13.17	-2.24	----	-1.39	-0.07	1.32
2058	15.39	13.17	-2.22	----	-1.46	-0.08	1.38
2059	15.38	13.17	-2.21	----	-1.52	-0.08	1.44
2060	15.36	13.17	-2.19	----	-1.59	-0.08	1.51
2061	15.35	13.17	-2.18	----	-1.65	-0.09	1.56
2062	15.35	13.17	-2.18	----	-1.71	-0.09	1.62
2063	15.34	13.17	-2.17	----	-1.77	-0.09	1.67
2064	15.34	13.17	-2.17	----	-1.82	-0.10	1.73
2065	15.34	13.17	-2.17	----	-1.87	-0.10	1.77
2066	15.35	13.17	-2.18	----	-1.92	-0.10	1.82
2067	15.36	13.17	-2.19	----	-1.97	-0.11	1.86
2068	15.37	13.17	-2.20	----	-2.01	-0.11	1.91
2069	15.39	13.17	-2.22	----	-2.06	-0.11	1.95
2070	15.41	13.18	-2.23	----	-2.10	-0.11	1.98
2071	15.42	13.18	-2.24	----	-2.13	-0.11	2.02
2072	15.43	13.18	-2.25	----	-2.17	-0.12	2.05
2073	15.44	13.18	-2.26	----	-2.20	-0.12	2.08
2074	15.44	13.18	-2.26	----	-2.22	-0.12	2.10
2075	15.44	13.18	-2.26	----	-2.25	-0.12	2.13
2076	15.43	13.18	-2.25	----	-2.27	-0.12	2.15
2077	15.42	13.18	-2.24	----	-2.29	-0.12	2.16
2078	15.40	13.18	-2.23	----	-2.30	-0.12	2.18
2079	15.39	13.18	-2.21	----	-2.32	-0.12	2.19
2080	15.38	13.18	-2.20	----	-2.33	-0.13	2.20
2081	15.38	13.18	-2.20	----	-2.34	-0.13	2.21
2082	15.38	13.18	-2.20	----	-2.35	-0.13	2.22
2083	15.39	13.18	-2.21	----	-2.36	-0.13	2.23
2084	15.41	13.18	-2.23	----	-2.37	-0.13	2.24
2085	15.43	13.18	-2.25	----	-2.38	-0.13	2.25
2086	15.46	13.18	-2.27	----	-2.39	-0.13	2.26
2087	15.49	13.18	-2.30	----	-2.40	-0.13	2.27
2088	15.52	13.19	-2.33	----	-2.41	-0.13	2.28
2089	15.56	13.19	-2.37	----	-2.42	-0.13	2.29
2090	15.59	13.19	-2.40	----	-2.42	-0.13	2.29

				Summarized Estimates

	Proposal				Change from Present Law
Years	Cost rate	Income rate	Actuarial balance	Year of reserve depletion¹	Cost rate	Income rate	Actuarial balance

Based on Intermediate Assumptions of the 2015 Trustees Report.
2015-2089	15.61%	13.81%	-1.79%	2034	-0.94%	-0.05%	0.89%

¹ Under present law, the year of Trust Fund reserve depletion is 2034.


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Detailed Single Year Tables

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates