Detailed Single Year Tables

Description of Proposed Provision:
Beginning for those newly eligible in 2016, reconfigure the special minimum benefit: (a) A year of coverage is defined as a year in which 4 quarters of coverage are earned. (b) At implementation, set the PIA for 30 years of coverage equal to 125 percent of the monthly poverty level (about $1,216 in 2014). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $1,216/20 = $60.80. (c) Index the initial PIA per year of coverage by wage growth for successive cohorts.

			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	297	0.00	0.00	0.00
2017	13.90	12.91	-0.99	280	0.01	0.00	-0.01
2018	13.99	12.94	-1.05	264	0.02	0.00	-0.02
2019	14.11	12.95	-1.16	248	0.03	0.00	-0.03
2020	14.26	12.97	-1.30	232	0.04	0.00	-0.03
2021	14.39	12.99	-1.41	217	0.05	0.00	-0.04
2022	14.57	13.01	-1.56	202	0.05	0.00	-0.05
2023	14.79	13.03	-1.75	186	0.06	0.00	-0.06
2024	15.03	13.07	-1.96	170	0.07	0.00	-0.07
2025	15.25	13.08	-2.16	155	0.08	0.00	-0.08
2026	15.46	13.10	-2.36	139	0.09	0.00	-0.09
2027	15.66	13.12	-2.54	122	0.10	0.00	-0.10
2028	15.86	13.13	-2.73	106	0.11	0.01	-0.11
2029	16.05	13.15	-2.90	89	0.12	0.01	-0.11
2030	16.22	13.16	-3.06	72	0.13	0.01	-0.12
2031	16.38	13.17	-3.21	54	0.14	0.01	-0.13
2032	16.52	13.18	-3.33	35	0.14	0.01	-0.14
2033	16.63	13.19	-3.44	15	0.15	0.01	-0.14
2034	16.71	13.20	-3.51	----	0.16	0.01	-0.15
2035	16.78	13.21	-3.58	----	0.16	0.01	-0.16
2036	16.85	13.21	-3.64	----	0.17	0.01	-0.16
2037	16.90	13.22	-3.68	----	0.18	0.01	-0.17
2038	16.91	13.22	-3.69	----	0.18	0.01	-0.17
2039	16.92	13.22	-3.69	----	0.19	0.01	-0.18
2040	16.91	13.22	-3.68	----	0.19	0.01	-0.18
2041	16.89	13.23	-3.66	----	0.20	0.01	-0.19
2042	16.87	13.23	-3.64	----	0.20	0.01	-0.19
2043	16.85	13.23	-3.62	----	0.21	0.01	-0.20
2044	16.83	13.23	-3.60	----	0.21	0.01	-0.20
2045	16.81	13.23	-3.59	----	0.22	0.01	-0.21
2046	16.79	13.23	-3.57	----	0.22	0.01	-0.21
2047	16.78	13.23	-3.56	----	0.23	0.01	-0.21
2048	16.78	13.23	-3.55	----	0.23	0.01	-0.22
2049	16.77	13.23	-3.54	----	0.23	0.01	-0.22
2050	16.78	13.23	-3.55	----	0.24	0.01	-0.22
2051	16.79	13.23	-3.56	----	0.24	0.01	-0.23
2052	16.82	13.24	-3.58	----	0.24	0.01	-0.23
2053	16.85	13.24	-3.61	----	0.25	0.01	-0.23
2054	16.89	13.24	-3.65	----	0.25	0.01	-0.24
2055	16.94	13.25	-3.69	----	0.25	0.01	-0.24
2056	16.99	13.25	-3.74	----	0.26	0.01	-0.24
2057	17.05	13.25	-3.80	----	0.26	0.01	-0.24
2058	17.11	13.26	-3.85	----	0.26	0.01	-0.25
2059	17.16	13.26	-3.90	----	0.26	0.01	-0.25
2060	17.22	13.27	-3.95	----	0.26	0.01	-0.25
2061	17.27	13.27	-4.00	----	0.27	0.01	-0.25
2062	17.33	13.27	-4.05	----	0.27	0.01	-0.25
2063	17.38	13.28	-4.10	----	0.27	0.01	-0.26
2064	17.43	13.28	-4.15	----	0.27	0.01	-0.26
2065	17.49	13.28	-4.21	----	0.27	0.01	-0.26
2066	17.55	13.29	-4.26	----	0.27	0.01	-0.26
2067	17.61	13.29	-4.31	----	0.28	0.01	-0.26
2068	17.67	13.30	-4.37	----	0.28	0.01	-0.26
2069	17.72	13.30	-4.42	----	0.28	0.01	-0.26
2070	17.78	13.30	-4.48	----	0.28	0.01	-0.26
2071	17.83	13.31	-4.53	----	0.28	0.01	-0.26
2072	17.88	13.31	-4.57	----	0.28	0.01	-0.27
2073	17.91	13.31	-4.60	----	0.28	0.01	-0.27
2074	17.94	13.31	-4.63	----	0.28	0.01	-0.27
2075	17.97	13.32	-4.65	----	0.28	0.01	-0.27
2076	17.98	13.32	-4.66	----	0.28	0.02	-0.27
2077	17.98	13.32	-4.67	----	0.28	0.02	-0.27
2078	17.99	13.32	-4.67	----	0.28	0.01	-0.27
2079	17.99	13.32	-4.67	----	0.28	0.01	-0.27
2080	17.99	13.32	-4.67	----	0.28	0.01	-0.27
2081	18.00	13.32	-4.68	----	0.28	0.01	-0.27
2082	18.01	13.32	-4.69	----	0.28	0.01	-0.27
2083	18.03	13.32	-4.71	----	0.28	0.01	-0.27
2084	18.06	13.32	-4.74	----	0.28	0.02	-0.27
2085	18.09	13.32	-4.77	----	0.28	0.02	-0.27
2086	18.13	13.33	-4.80	----	0.28	0.02	-0.27
2087	18.17	13.33	-4.84	----	0.28	0.02	-0.27
2088	18.21	13.33	-4.88	----	0.28	0.02	-0.27
2089	18.26	13.33	-4.92	----	0.28	0.02	-0.27
2090	18.30	13.34	-4.96	----	0.28	0.02	-0.27

				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	16.74%	13.87%	-2.86%	2033	0.19%	0.01%	-0.18%

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