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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 in 2020-21 to 68 and 63, respectively, and then by 3 months per year in 2022-25 to 69 and 64, respectively.

 

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
202014.2012.97-1.24
234
-0.020.000.02
202114.2712.99-1.28
220
-0.070.000.08
202214.3813.02-1.35
206
-0.140.010.15
202314.4913.04-1.45
193
-0.230.010.24
202414.6313.07-1.56
180
-0.330.010.34
202514.7413.09-1.64
167
-0.430.010.44
202614.7813.11-1.68
156
-0.580.010.59
202714.8613.12-1.74
144
-0.700.010.71
202814.9613.14-1.82
133
-0.790.010.80
202915.0713.15-1.92
121
-0.860.010.86
203015.1913.16-2.03
110
-0.900.010.91
203115.3313.17-2.16
97
-0.910.000.91
203215.4613.18-2.28
84
-0.920.000.92
203315.5613.19-2.37
70
-0.920.000.92
203415.6313.19-2.43
56
-0.930.000.93
203515.6913.20-2.49
41
-0.930.000.93
203615.7613.20-2.56
26
-0.920.000.92
203715.8013.20-2.59
10
-0.92-0.010.92
203815.8013.20-2.59
----
-0.93-0.010.92
203915.7913.21-2.58
----
-0.94-0.010.93
204015.7613.21-2.55
----
-0.95-0.010.95
204115.7113.21-2.51
----
-0.97-0.010.96
204215.6713.20-2.47
----
-0.99-0.010.98
204315.6313.20-2.43
----
-1.01-0.011.00
204415.5913.20-2.39
----
-1.03-0.011.01
204515.5613.20-2.35
----
-1.04-0.011.03
204615.5213.20-2.32
----
-1.05-0.011.04
204715.4913.20-2.29
----
-1.07-0.011.05
204815.4713.20-2.27
----
-1.08-0.011.07
204915.4513.20-2.24
----
-1.09-0.011.08
205015.4413.20-2.23
----
-1.11-0.021.09
205115.4313.21-2.23
----
-1.12-0.021.11
205215.4413.21-2.23
----
-1.13-0.021.12
205315.4613.21-2.25
----
-1.14-0.021.13
205415.4913.21-2.28
----
-1.15-0.021.13
205515.5413.22-2.32
----
-1.15-0.021.14
205615.5913.22-2.36
----
-1.15-0.021.14
205715.6413.22-2.41
----
-1.15-0.021.14
205815.6913.23-2.46
----
-1.15-0.021.14
205915.7413.23-2.51
----
-1.15-0.021.14
206015.8013.24-2.56
----
-1.15-0.021.14
206115.8513.24-2.61
----
-1.16-0.021.14
206215.9013.24-2.66
----
-1.16-0.021.14
206315.9613.25-2.71
----
-1.15-0.021.13
206416.0113.25-2.76
----
-1.15-0.021.14
206516.0613.25-2.81
----
-1.16-0.021.14
206616.1113.26-2.85
----
-1.17-0.021.15
206716.1613.26-2.90
----
-1.17-0.021.15
206816.2113.26-2.95
----
-1.18-0.021.16
206916.2713.27-3.00
----
-1.18-0.021.16
207016.3213.27-3.05
----
-1.18-0.021.16
207116.3913.27-3.12
----
-1.16-0.021.14
207216.4413.28-3.16
----
-1.15-0.021.14
207316.4813.28-3.20
----
-1.15-0.021.13
207416.5113.28-3.23
----
-1.15-0.021.14
207516.5313.28-3.24
----
-1.16-0.021.14
207616.5413.28-3.26
----
-1.15-0.021.13
207716.5513.28-3.27
----
-1.15-0.021.13
207816.5613.28-3.28
----
-1.15-0.021.13
207916.5613.28-3.28
----
-1.15-0.021.13
208016.5613.28-3.27
----
-1.15-0.021.13
208116.5613.28-3.28
----
-1.16-0.021.14
208216.5613.28-3.28
----
-1.16-0.021.14
208316.5813.28-3.29
----
-1.17-0.021.15
208416.6013.29-3.31
----
-1.17-0.021.15
208516.6313.29-3.34
----
-1.18-0.021.16
208616.6613.29-3.37
----
-1.19-0.021.17
208716.6913.29-3.40
----
-1.19-0.021.17
208816.7313.30-3.43
----
-1.20-0.021.18
208916.7713.30-3.47
----
-1.20-0.021.18
209016.8213.30-3.52
----
-1.20-0.021.18



 

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 15.66% 13.85% -1.80%
2037
-0.89% -0.01% 0.88%
 
1 Under present law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified September 1, 2015