Detailed Single Year Tables

Level of Monthly Benefits	Description of Proposed Provision: B4.2: Increase the number of years used to calculate benefits for retirees and survivors (but not for disabled workers) from 35 to 40, phased in over the years 2017-2025.

			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
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	13.85	12.96	-0.90	277	0.00	0.00	0.00
2019	13.98	12.97	-1.01	262	-0.01	0.00	0.01
2020	14.12	12.98	-1.14	247	-0.01	0.00	0.01
2021	14.25	13.00	-1.24	232	-0.02	0.00	0.02
2022	14.45	13.03	-1.42	217	-0.04	0.00	0.03
2023	14.71	13.06	-1.65	201	-0.05	0.00	0.05
2024	14.95	13.09	-1.86	184	-0.07	0.00	0.07
2025	15.19	13.11	-2.09	168	-0.09	-0.01	0.09
2026	15.35	13.12	-2.23	152	-0.12	-0.01	0.11
2027	15.50	13.13	-2.36	136	-0.15	-0.01	0.14
2028	15.63	13.15	-2.49	120	-0.18	-0.01	0.17
2029	15.76	13.16	-2.60	104	-0.21	-0.01	0.20
2030	15.86	13.17	-2.69	88	-0.24	-0.01	0.23
2031	15.95	13.18	-2.77	72	-0.27	-0.01	0.26
2032	16.03	13.18	-2.84	55	-0.30	-0.02	0.28
2033	16.08	13.19	-2.89	38	-0.33	-0.02	0.31
2034	16.11	13.19	-2.92	21	-0.35	-0.02	0.33
2035	16.12	13.19	-2.92	4	-0.38	-0.02	0.36
2036	16.15	13.20	-2.95	----	-0.40	-0.02	0.38
2037	16.17	13.20	-2.97	----	-0.43	-0.02	0.40
2038	16.17	13.20	-2.96	----	-0.45	-0.02	0.42
2039	16.14	13.21	-2.94	----	-0.47	-0.03	0.44
2040	16.11	13.20	-2.90	----	-0.48	-0.03	0.46
2041	16.06	13.20	-2.86	----	-0.50	-0.03	0.47
2042	16.02	13.20	-2.82	----	-0.51	-0.03	0.49
2043	15.97	13.20	-2.77	----	-0.53	-0.03	0.50
2044	15.93	13.20	-2.73	----	-0.54	-0.03	0.51
2045	15.89	13.20	-2.70	----	-0.55	-0.03	0.52
2046	15.86	13.20	-2.66	----	-0.57	-0.03	0.53
2047	15.82	13.20	-2.63	----	-0.58	-0.03	0.55
2048	15.80	13.20	-2.60	----	-0.59	-0.03	0.55
2049	15.77	13.20	-2.57	----	-0.60	-0.03	0.56
2050	15.75	13.20	-2.56	----	-0.61	-0.03	0.57
2051	15.75	13.20	-2.55	----	-0.61	-0.03	0.58
2052	15.75	13.20	-2.55	----	-0.62	-0.04	0.58
2053	15.77	13.20	-2.57	----	-0.63	-0.04	0.59
2054	15.79	13.20	-2.59	----	-0.63	-0.04	0.60
2055	15.82	13.21	-2.62	----	-0.64	-0.04	0.60
2056	15.86	13.21	-2.65	----	-0.64	-0.04	0.61
2057	15.91	13.21	-2.69	----	-0.65	-0.04	0.61
2058	15.95	13.22	-2.74	----	-0.65	-0.04	0.62
2059	16.00	13.22	-2.78	----	-0.66	-0.04	0.62
2060	16.05	13.22	-2.82	----	-0.66	-0.04	0.62
2061	16.09	13.23	-2.87	----	-0.66	-0.04	0.63
2062	16.14	13.23	-2.91	----	-0.67	-0.04	0.63
2063	16.19	13.23	-2.95	----	-0.67	-0.04	0.63
2064	16.23	13.24	-3.00	----	-0.67	-0.04	0.63
2065	16.28	13.24	-3.04	----	-0.67	-0.04	0.64
2066	16.33	13.24	-3.09	----	-0.68	-0.04	0.64
2067	16.38	13.25	-3.13	----	-0.68	-0.04	0.64
2068	16.43	13.25	-3.18	----	-0.68	-0.04	0.64
2069	16.48	13.25	-3.23	----	-0.68	-0.04	0.64
2070	16.53	13.26	-3.27	----	-0.68	-0.04	0.65
2071	16.58	13.26	-3.32	----	-0.69	-0.04	0.65
2072	16.62	13.26	-3.35	----	-0.69	-0.04	0.65
2073	16.65	13.27	-3.38	----	-0.69	-0.04	0.65
2074	16.68	13.27	-3.41	----	-0.69	-0.04	0.65
2075	16.70	13.27	-3.43	----	-0.69	-0.04	0.65
2076	16.71	13.27	-3.44	----	-0.69	-0.04	0.65
2077	16.72	13.27	-3.45	----	-0.69	-0.04	0.65
2078	16.72	13.27	-3.45	----	-0.69	-0.04	0.65
2079	16.72	13.27	-3.44	----	-0.69	-0.04	0.65
2080	16.71	13.27	-3.44	----	-0.69	-0.04	0.65
2081	16.71	13.27	-3.44	----	-0.69	-0.04	0.65
2082	16.72	13.27	-3.45	----	-0.69	-0.04	0.65
2083	16.73	13.27	-3.46	----	-0.69	-0.04	0.65
2084	16.75	13.27	-3.48	----	-0.69	-0.04	0.65
2085	16.78	13.28	-3.51	----	-0.69	-0.04	0.65
2086	16.82	13.28	-3.54	----	-0.69	-0.04	0.65
2087	16.85	13.28	-3.57	----	-0.69	-0.04	0.65
2088	16.90	13.28	-3.61	----	-0.69	-0.04	0.65
2089	16.94	13.29	-3.65	----	-0.69	-0.04	0.65
2090	16.98	13.29	-3.69	----	-0.69	-0.04	0.65
2091	17.03	13.29	-3.74	----	-0.70	-0.04	0.66

				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 2016 Trustees Report.
2016-2090	16.03%	13.82%	-2.21%	2035	-0.47%	-0.03%	0.44%

¹ Under present law, the year of Trust Fund reserve depletion is 2034.


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Detailed Single Year Tables

Description of Proposed Provision: B4.2: Increase the number of years used to calculate benefits for retirees and survivors (but not for disabled workers) from 35 to 40, phased in over the years 2017-2025.

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates

Description of Proposed Provision:
B4.2: Increase the number of years used to calculate benefits for retirees and survivors (but not for disabled workers) from 35 to 40, phased in over the years 2017-2025.