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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, index the NRA to maintain a constant ratio of expected retirement years (life expectancy at NRA) to potential work years (NRA minus 20). We assume the NRA will increase 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
201514.1312.82-1.31
308
0.000.000.00
201613.8812.88-1.00
298
0.000.000.00
201713.8912.91-0.98
280
0.000.000.00
201813.9712.94-1.03
264
0.000.000.00
201914.0912.95-1.14
248
0.000.000.00
202014.2312.96-1.26
233
0.000.000.00
202114.3512.98-1.36
219
0.000.000.00
202214.5213.01-1.51
204
0.000.000.00
202314.7213.03-1.69
189
0.000.000.00
202414.9513.06-1.89
173
-0.010.000.01
202515.1513.08-2.07
158
-0.010.000.01
202615.3513.10-2.25
142
-0.020.000.02
202715.5413.11-2.42
127
-0.020.000.02
202815.7213.13-2.60
111
-0.030.000.03
202915.9013.14-2.76
95
-0.030.000.03
203016.0613.15-2.90
78
-0.040.000.04
203116.1913.16-3.02
61
-0.050.000.05
203216.3013.17-3.13
43
-0.070.000.07
203316.3913.18-3.21
25
-0.090.000.09
203416.4513.19-3.26
6
-0.100.000.10
203516.5013.19-3.30
----
-0.120.000.12
203616.5413.20-3.34
----
-0.140.000.13
203716.5613.20-3.36
----
-0.160.000.15
203816.5513.21-3.35
----
-0.18-0.010.17
203916.5313.21-3.32
----
-0.20-0.010.19
204016.5013.21-3.29
----
-0.21-0.010.21
204116.4613.21-3.25
----
-0.23-0.010.23
204216.4113.21-3.20
----
-0.25-0.010.24
204316.3713.21-3.16
----
-0.28-0.010.27
204416.3213.21-3.11
----
-0.30-0.010.29
204516.2713.20-3.07
----
-0.32-0.010.31
204616.2313.20-3.02
----
-0.35-0.010.34
204716.1813.20-2.98
----
-0.37-0.010.36
204816.1513.20-2.94
----
-0.40-0.010.39
204916.1113.20-2.91
----
-0.43-0.020.41
205016.0813.20-2.88
----
-0.46-0.020.44
205116.0613.20-2.86
----
-0.49-0.020.47
205216.0513.20-2.85
----
-0.52-0.020.50
205316.0513.20-2.84
----
-0.55-0.020.53
205416.0613.21-2.85
----
-0.59-0.020.56
205516.0713.21-2.86
----
-0.62-0.020.59
205616.0913.21-2.88
----
-0.64-0.030.62
205716.1213.21-2.90
----
-0.67-0.030.65
205816.1413.22-2.93
----
-0.70-0.030.68
205916.1713.22-2.95
----
-0.73-0.030.70
206016.1913.22-2.97
----
-0.76-0.030.73
206116.2113.22-2.99
----
-0.79-0.030.76
206216.2413.23-3.01
----
-0.82-0.030.79
206316.2613.23-3.03
----
-0.85-0.040.81
206416.2813.23-3.05
----
-0.88-0.040.84
206516.3113.23-3.07
----
-0.91-0.040.87
206616.3313.23-3.10
----
-0.94-0.040.90
206716.3613.24-3.13
----
-0.97-0.040.93
206816.3913.24-3.15
----
-1.00-0.040.96
206916.4213.24-3.18
----
-1.03-0.040.98
207016.4413.24-3.20
----
-1.06-0.041.01
207116.4613.25-3.22
----
-1.09-0.051.05
207216.4713.25-3.23
----
-1.12-0.051.07
207316.4813.25-3.23
----
-1.15-0.051.10
207416.4913.25-3.24
----
-1.18-0.051.13
207516.4813.25-3.23
----
-1.20-0.051.15
207616.4813.25-3.23
----
-1.21-0.051.16
207716.4713.25-3.22
----
-1.23-0.051.18
207816.4513.25-3.20
----
-1.26-0.051.21
207916.4113.25-3.17
----
-1.29-0.061.24
208016.3813.24-3.13
----
-1.33-0.061.27
208116.3613.24-3.12
----
-1.35-0.061.30
208216.3413.24-3.10
----
-1.38-0.061.32
208316.3313.24-3.09
----
-1.42-0.061.36
208416.3213.24-3.08
----
-1.45-0.061.39
208516.3213.24-3.08
----
-1.49-0.061.42
208616.3113.24-3.07
----
-1.54-0.071.47
208716.3113.24-3.07
----
-1.57-0.071.50
208816.3313.24-3.08
----
-1.60-0.071.53
208916.3513.24-3.11
----
-1.62-0.071.55
209016.3813.25-3.14
----
-1.63-0.071.56



 

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 2015 Trustees Report.
2015-2089 16.04% 13.84% -2.20%
2034
-0.51% -0.02% 0.48%
 
1 Under present law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified September 1, 2015