Detailed Single Year Tables

Description of Proposed Provision:
Beginning with those newly eligible for OASDI benefits in 2019, multiply all PIA factors each year by 0.991. Stop reductions after 2047. 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	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	14.22	12.96	-1.26	233	0.00	0.00	0.00
2021	14.34	12.98	-1.35	219	-0.01	0.00	0.01
2022	14.50	13.01	-1.49	204	-0.02	0.00	0.02
2023	14.70	13.03	-1.67	189	-0.03	0.00	0.03
2024	14.91	13.06	-1.85	174	-0.04	0.00	0.04
2025	15.10	13.08	-2.02	159	-0.07	0.00	0.06
2026	15.27	13.09	-2.18	144	-0.09	0.00	0.09
2027	15.43	13.11	-2.33	129	-0.12	-0.01	0.12
2028	15.59	13.12	-2.47	114	-0.16	-0.01	0.15
2029	15.73	13.13	-2.59	98	-0.20	-0.01	0.19
2030	15.84	13.14	-2.70	83	-0.25	-0.01	0.24
2031	15.94	13.15	-2.79	67	-0.30	-0.02	0.29
2032	16.01	13.16	-2.86	50	-0.36	-0.02	0.34
2033	16.06	13.16	-2.90	34	-0.42	-0.02	0.40
2034	16.07	13.17	-2.90	16	-0.48	-0.03	0.46
2035	16.07	13.17	-2.90	----	-0.55	-0.03	0.52
2036	16.06	13.17	-2.89	----	-0.62	-0.03	0.58
2037	16.03	13.17	-2.86	----	-0.69	-0.04	0.65
2038	15.97	13.17	-2.80	----	-0.76	-0.04	0.72
2039	15.89	13.17	-2.72	----	-0.84	-0.05	0.79
2040	15.80	13.17	-2.63	----	-0.92	-0.05	0.87
2041	15.69	13.16	-2.53	----	-1.00	-0.05	0.94
2042	15.59	13.16	-2.43	----	-1.08	-0.06	1.02
2043	15.48	13.15	-2.32	----	-1.17	-0.06	1.10
2044	15.36	13.15	-2.21	----	-1.25	-0.07	1.19
2045	15.25	13.14	-2.11	----	-1.35	-0.07	1.27
2046	15.13	13.14	-2.00	----	-1.44	-0.08	1.36
2047	15.02	13.13	-1.89	----	-1.54	-0.08	1.45
2048	14.91	13.13	-1.78	----	-1.64	-0.09	1.55
2049	14.80	13.12	-1.68	----	-1.74	-0.10	1.64
2050	14.71	13.12	-1.59	----	-1.83	-0.10	1.73
2051	14.62	13.12	-1.50	----	-1.93	-0.11	1.83
2052	14.54	13.11	-1.43	----	-2.03	-0.11	1.92
2053	14.47	13.11	-1.36	----	-2.13	-0.12	2.01
2054	14.42	13.11	-1.31	----	-2.22	-0.12	2.10
2055	14.37	13.11	-1.27	----	-2.32	-0.13	2.19
2056	14.34	13.10	-1.23	----	-2.40	-0.13	2.27
2057	14.30	13.10	-1.20	----	-2.49	-0.14	2.35
2058	14.28	13.10	-1.18	----	-2.57	-0.14	2.42
2059	14.26	13.10	-1.16	----	-2.64	-0.15	2.49
2060	14.24	13.10	-1.14	----	-2.71	-0.15	2.56
2061	14.23	13.10	-1.13	----	-2.77	-0.15	2.62
2062	14.23	13.10	-1.12	----	-2.83	-0.16	2.67
2063	14.23	13.10	-1.12	----	-2.88	-0.16	2.72
2064	14.23	13.10	-1.12	----	-2.93	-0.16	2.77
2065	14.24	13.10	-1.13	----	-2.98	-0.17	2.82
2066	14.25	13.11	-1.14	----	-3.02	-0.17	2.86
2067	14.27	13.11	-1.16	----	-3.07	-0.17	2.89
2068	14.29	13.11	-1.18	----	-3.10	-0.17	2.93
2069	14.31	13.11	-1.20	----	-3.14	-0.17	2.96
2070	14.33	13.11	-1.22	----	-3.17	-0.18	2.99
2071	14.36	13.11	-1.24	----	-3.20	-0.18	3.02
2072	14.37	13.11	-1.26	----	-3.22	-0.18	3.04
2073	14.39	13.12	-1.27	----	-3.24	-0.18	3.06
2074	14.40	13.12	-1.28	----	-3.26	-0.18	3.08
2075	14.41	13.12	-1.29	----	-3.28	-0.18	3.09
2076	14.41	13.12	-1.29	----	-3.29	-0.18	3.10
2077	14.41	13.12	-1.29	----	-3.29	-0.18	3.11
2078	14.41	13.12	-1.29	----	-3.30	-0.18	3.11
2079	14.41	13.12	-1.29	----	-3.30	-0.18	3.11
2080	14.41	13.12	-1.29	----	-3.30	-0.18	3.12
2081	14.41	13.12	-1.29	----	-3.30	-0.18	3.12
2082	14.42	13.12	-1.30	----	-3.30	-0.18	3.12
2083	14.44	13.12	-1.32	----	-3.31	-0.18	3.12
2084	14.46	13.12	-1.34	----	-3.31	-0.19	3.13
2085	14.49	13.12	-1.36	----	-3.32	-0.19	3.14
2086	14.52	13.12	-1.39	----	-3.33	-0.19	3.14
2087	14.55	13.13	-1.42	----	-3.34	-0.19	3.15
2088	14.58	13.13	-1.45	----	-3.35	-0.19	3.16
2089	14.61	13.13	-1.48	----	-3.36	-0.19	3.17
2090	14.65	13.13	-1.51	----	-3.37	-0.19	3.18

				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	14.99%	13.78%	-1.21%	2034	-1.56%	-0.09%	1.47%

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