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Description of Proposed Provision:
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|   | Financial Estimates for the OASDI Trust Fund Program |
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|   |
Proposal |
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Change from Present Law |
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|---|---|---|---|---|---|---|---|---|---|
|   |
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 |
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| 2016 | 14.05 | 12.94 | -1.10 | 303 | 0.00 | 0.00 | 0.00 | ||
| 2017 | 13.72 | 12.92 | -0.80 | 293 | 0.00 | 0.00 | 0.00 | ||
| 2018 | 13.79 | 12.95 | -0.84 | 278 | -0.07 | 0.00 | 0.06 | ||
| 2019 | 13.85 | 12.96 | -0.89 | 264 | -0.13 | -0.01 | 0.13 | ||
| 2020 | 13.94 | 12.97 | -0.96 | 251 | -0.20 | -0.01 | 0.19 | ||
| 2021 | 14.01 | 12.99 | -1.02 | 238 | -0.26 | -0.01 | 0.25 | ||
| 2022 | 14.17 | 13.02 | -1.15 | 225 | -0.32 | -0.02 | 0.31 | ||
| 2023 | 14.37 | 13.04 | -1.33 | 211 | -0.39 | -0.02 | 0.37 | ||
| 2024 | 14.57 | 13.07 | -1.50 | 197 | -0.45 | -0.02 | 0.43 | ||
| 2025 | 14.77 | 13.09 | -1.69 | 182 | -0.51 | -0.03 | 0.49 | ||
| 2026 | 14.90 | 13.10 | -1.80 | 168 | -0.57 | -0.03 | 0.54 | ||
| 2027 | 15.03 | 13.11 | -1.92 | 155 | -0.62 | -0.03 | 0.59 | ||
| 2028 | 15.14 | 13.12 | -2.02 | 141 | -0.67 | -0.03 | 0.64 | ||
| 2029 | 15.25 | 13.13 | -2.11 | 128 | -0.72 | -0.04 | 0.68 | ||
| 2030 | 15.34 | 13.14 | -2.20 | 115 | -0.76 | -0.04 | 0.73 | ||
| 2031 | 15.41 | 13.15 | -2.27 | 101 | -0.81 | -0.04 | 0.77 | ||
| 2032 | 15.48 | 13.16 | -2.32 | 88 | -0.85 | -0.04 | 0.80 | ||
| 2033 | 15.52 | 13.16 | -2.36 | 74 | -0.88 | -0.05 | 0.84 | ||
| 2034 | 15.55 | 13.16 | -2.38 | 60 | -0.92 | -0.05 | 0.87 | ||
| 2035 | 15.55 | 13.17 | -2.38 | 45 | -0.95 | -0.05 | 0.90 | ||
| 2036 | 15.58 | 13.17 | -2.41 | 31 | -0.98 | -0.05 | 0.92 | ||
| 2037 | 15.60 | 13.17 | -2.42 | 16 | -1.00 | -0.05 | 0.95 | ||
| 2038 | 15.59 | 13.17 | -2.41 | 1 | -1.03 | -0.05 | 0.97 | ||
| 2039 | 15.56 | 13.18 | -2.39 | ---- | -1.05 | -0.06 | 0.99 | ||
| 2040 | 15.53 | 13.18 | -2.35 | ---- | -1.06 | -0.06 | 1.01 | ||
| 2041 | 15.48 | 13.17 | -2.31 | ---- | -1.08 | -0.06 | 1.02 | ||
| 2042 | 15.44 | 13.17 | -2.27 | ---- | -1.09 | -0.06 | 1.03 | ||
| 2043 | 15.40 | 13.17 | -2.23 | ---- | -1.10 | -0.06 | 1.04 | ||
| 2044 | 15.36 | 13.17 | -2.19 | ---- | -1.11 | -0.06 | 1.05 | ||
| 2045 | 15.34 | 13.17 | -2.17 | ---- | -1.11 | -0.06 | 1.05 | ||
| 2046 | 15.31 | 13.17 | -2.14 | ---- | -1.12 | -0.06 | 1.06 | ||
| 2047 | 15.28 | 13.17 | -2.11 | ---- | -1.12 | -0.06 | 1.06 | ||
| 2048 | 15.26 | 13.17 | -2.09 | ---- | -1.12 | -0.06 | 1.06 | ||
| 2049 | 15.25 | 13.17 | -2.08 | ---- | -1.12 | -0.06 | 1.06 | ||
| 2050 | 15.24 | 13.17 | -2.07 | ---- | -1.12 | -0.06 | 1.06 | ||
| 2051 | 15.24 | 13.17 | -2.06 | ---- | -1.12 | -0.06 | 1.06 | ||
| 2052 | 15.25 | 13.17 | -2.07 | ---- | -1.12 | -0.06 | 1.06 | ||
| 2053 | 15.27 | 13.18 | -2.09 | ---- | -1.12 | -0.06 | 1.06 | ||
| 2054 | 15.30 | 13.18 | -2.12 | ---- | -1.13 | -0.06 | 1.06 | ||
| 2055 | 15.34 | 13.18 | -2.15 | ---- | -1.13 | -0.06 | 1.07 | ||
| 2056 | 15.38 | 13.18 | -2.19 | ---- | -1.13 | -0.06 | 1.07 | ||
| 2057 | 15.42 | 13.19 | -2.24 | ---- | -1.13 | -0.06 | 1.07 | ||
| 2058 | 15.47 | 13.19 | -2.28 | ---- | -1.14 | -0.06 | 1.07 | ||
| 2059 | 15.52 | 13.20 | -2.32 | ---- | -1.14 | -0.06 | 1.08 | ||
| 2060 | 15.56 | 13.20 | -2.36 | ---- | -1.14 | -0.06 | 1.08 | ||
| 2061 | 15.61 | 13.20 | -2.41 | ---- | -1.15 | -0.06 | 1.09 | ||
| 2062 | 15.65 | 13.21 | -2.45 | ---- | -1.16 | -0.06 | 1.09 | ||
| 2063 | 15.70 | 13.21 | -2.49 | ---- | -1.16 | -0.06 | 1.10 | ||
| 2064 | 15.74 | 13.21 | -2.53 | ---- | -1.17 | -0.06 | 1.10 | ||
| 2065 | 15.78 | 13.21 | -2.57 | ---- | -1.17 | -0.06 | 1.11 | ||
| 2066 | 15.83 | 13.22 | -2.61 | ---- | -1.18 | -0.06 | 1.12 | ||
| 2067 | 15.87 | 13.22 | -2.65 | ---- | -1.19 | -0.07 | 1.12 | ||
| 2068 | 15.92 | 13.22 | -2.69 | ---- | -1.19 | -0.07 | 1.13 | ||
| 2069 | 15.96 | 13.23 | -2.74 | ---- | -1.20 | -0.07 | 1.13 | ||
| 2070 | 16.01 | 13.23 | -2.78 | ---- | -1.21 | -0.07 | 1.14 | ||
| 2071 | 16.05 | 13.23 | -2.82 | ---- | -1.21 | -0.07 | 1.15 | ||
| 2072 | 16.08 | 13.24 | -2.85 | ---- | -1.22 | -0.07 | 1.15 | ||
| 2073 | 16.11 | 13.24 | -2.88 | ---- | -1.23 | -0.07 | 1.16 | ||
| 2074 | 16.14 | 13.24 | -2.90 | ---- | -1.23 | -0.07 | 1.16 | ||
| 2075 | 16.15 | 13.24 | -2.91 | ---- | -1.24 | -0.07 | 1.17 | ||
| 2076 | 16.16 | 13.24 | -2.92 | ---- | -1.24 | -0.07 | 1.17 | ||
| 2077 | 16.16 | 13.24 | -2.92 | ---- | -1.25 | -0.07 | 1.18 | ||
| 2078 | 16.16 | 13.24 | -2.91 | ---- | -1.25 | -0.07 | 1.18 | ||
| 2079 | 16.15 | 13.24 | -2.91 | ---- | -1.26 | -0.07 | 1.19 | ||
| 2080 | 16.14 | 13.24 | -2.90 | ---- | -1.26 | -0.07 | 1.19 | ||
| 2081 | 16.14 | 13.24 | -2.90 | ---- | -1.26 | -0.07 | 1.19 | ||
| 2082 | 16.14 | 13.24 | -2.90 | ---- | -1.26 | -0.07 | 1.19 | ||
| 2083 | 16.15 | 13.24 | -2.91 | ---- | -1.27 | -0.07 | 1.20 | ||
| 2084 | 16.17 | 13.24 | -2.93 | ---- | -1.27 | -0.07 | 1.20 | ||
| 2085 | 16.20 | 13.24 | -2.95 | ---- | -1.27 | -0.07 | 1.20 | ||
| 2086 | 16.23 | 13.25 | -2.98 | ---- | -1.27 | -0.07 | 1.20 | ||
| 2087 | 16.27 | 13.25 | -3.02 | ---- | -1.28 | -0.07 | 1.21 | ||
| 2088 | 16.31 | 13.25 | -3.05 | ---- | -1.28 | -0.07 | 1.21 | ||
| 2089 | 16.35 | 13.25 | -3.09 | ---- | -1.28 | -0.07 | 1.21 | ||
| 2090 | 16.39 | 13.26 | -3.13 | ---- | -1.29 | -0.07 | 1.21 | ||
| 2091 | 16.43 | 13.26 | -3.17 | ---- | -1.29 | -0.07 | 1.22 | ||
|   | Summarized Estimates |
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|   |
Proposal |
  |
Change from Present Law |
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|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
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| Based on Intermediate Assumptions of the 2016 Trustees Report. | |||||||||
| 2016-2090 | 15.54% | 13.79% | -1.75% | 2038 | -0.96% | -0.05% | 0.91% | ||
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| 1 Under present law, the year of Trust
Fund reserve depletion is 2034. |
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