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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 | 13.85 | 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 | -1.25 | 232 | -0.02 | 0.00 | 0.02 | ||
| 2022 | 14.45 | 13.03 | -1.42 | 217 | -0.04 | 0.00 | 0.03 | ||
| 2023 | 14.70 | 13.06 | -1.65 | 201 | -0.05 | 0.00 | 0.05 | ||
| 2024 | 14.95 | 13.09 | -1.86 | 184 | -0.08 | 0.00 | 0.07 | ||
| 2025 | 15.18 | 13.11 | -2.08 | 168 | -0.10 | 0.00 | 0.10 | ||
| 2026 | 15.34 | 13.12 | -2.21 | 152 | -0.13 | -0.01 | 0.13 | ||
| 2027 | 15.48 | 13.13 | -2.34 | 136 | -0.17 | -0.01 | 0.16 | ||
| 2028 | 15.60 | 13.15 | -2.46 | 120 | -0.21 | -0.01 | 0.20 | ||
| 2029 | 15.72 | 13.16 | -2.56 | 105 | -0.25 | -0.01 | 0.24 | ||
| 2030 | 15.81 | 13.17 | -2.65 | 89 | -0.29 | -0.01 | 0.28 | ||
| 2031 | 15.89 | 13.18 | -2.72 | 73 | -0.33 | -0.02 | 0.31 | ||
| 2032 | 15.96 | 13.18 | -2.78 | 57 | -0.37 | -0.02 | 0.35 | ||
| 2033 | 16.00 | 13.19 | -2.82 | 40 | -0.41 | -0.02 | 0.39 | ||
| 2034 | 16.02 | 13.19 | -2.83 | 23 | -0.44 | -0.02 | 0.42 | ||
| 2035 | 16.02 | 13.19 | -2.83 | 6 | -0.47 | -0.02 | 0.45 | ||
| 2036 | 16.05 | 13.20 | -2.85 | ---- | -0.51 | -0.02 | 0.48 | ||
| 2037 | 16.06 | 13.20 | -2.86 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2038 | 16.05 | 13.20 | -2.85 | ---- | -0.57 | -0.03 | 0.54 | ||
| 2039 | 16.02 | 13.20 | -2.82 | ---- | -0.59 | -0.03 | 0.56 | ||
| 2040 | 15.97 | 13.20 | -2.77 | ---- | -0.62 | -0.03 | 0.59 | ||
| 2041 | 15.92 | 13.20 | -2.72 | ---- | -0.64 | -0.03 | 0.61 | ||
| 2042 | 15.87 | 13.20 | -2.67 | ---- | -0.66 | -0.03 | 0.63 | ||
| 2043 | 15.82 | 13.20 | -2.62 | ---- | -0.68 | -0.03 | 0.65 | ||
| 2044 | 15.77 | 13.19 | -2.57 | ---- | -0.70 | -0.04 | 0.67 | ||
| 2045 | 15.73 | 13.19 | -2.53 | ---- | -0.72 | -0.04 | 0.68 | ||
| 2046 | 15.69 | 13.19 | -2.49 | ---- | -0.74 | -0.04 | 0.70 | ||
| 2047 | 15.65 | 13.19 | -2.46 | ---- | -0.75 | -0.04 | 0.72 | ||
| 2048 | 15.61 | 13.19 | -2.42 | ---- | -0.77 | -0.04 | 0.73 | ||
| 2049 | 15.58 | 13.19 | -2.39 | ---- | -0.78 | -0.04 | 0.74 | ||
| 2050 | 15.56 | 13.19 | -2.37 | ---- | -0.80 | -0.04 | 0.76 | ||
| 2051 | 15.55 | 13.19 | -2.36 | ---- | -0.81 | -0.04 | 0.77 | ||
| 2052 | 15.55 | 13.19 | -2.36 | ---- | -0.82 | -0.04 | 0.78 | ||
| 2053 | 15.56 | 13.19 | -2.37 | ---- | -0.83 | -0.04 | 0.79 | ||
| 2054 | 15.58 | 13.20 | -2.39 | ---- | -0.84 | -0.04 | 0.80 | ||
| 2055 | 15.61 | 13.20 | -2.41 | ---- | -0.85 | -0.04 | 0.81 | ||
| 2056 | 15.65 | 13.20 | -2.44 | ---- | -0.86 | -0.05 | 0.82 | ||
| 2057 | 15.69 | 13.20 | -2.48 | ---- | -0.87 | -0.05 | 0.82 | ||
| 2058 | 15.73 | 13.21 | -2.52 | ---- | -0.88 | -0.05 | 0.83 | ||
| 2059 | 15.77 | 13.21 | -2.56 | ---- | -0.89 | -0.05 | 0.84 | ||
| 2060 | 15.82 | 13.22 | -2.60 | ---- | -0.89 | -0.05 | 0.84 | ||
| 2061 | 15.86 | 13.22 | -2.64 | ---- | -0.90 | -0.05 | 0.85 | ||
| 2062 | 15.90 | 13.22 | -2.68 | ---- | -0.90 | -0.05 | 0.86 | ||
| 2063 | 15.95 | 13.22 | -2.72 | ---- | -0.91 | -0.05 | 0.86 | ||
| 2064 | 15.99 | 13.23 | -2.76 | ---- | -0.91 | -0.05 | 0.86 | ||
| 2065 | 16.04 | 13.23 | -2.81 | ---- | -0.92 | -0.05 | 0.87 | ||
| 2066 | 16.09 | 13.23 | -2.85 | ---- | -0.92 | -0.05 | 0.87 | ||
| 2067 | 16.13 | 13.24 | -2.90 | ---- | -0.93 | -0.05 | 0.88 | ||
| 2068 | 16.18 | 13.24 | -2.94 | ---- | -0.93 | -0.05 | 0.88 | ||
| 2069 | 16.23 | 13.24 | -2.99 | ---- | -0.93 | -0.05 | 0.88 | ||
| 2070 | 16.28 | 13.25 | -3.03 | ---- | -0.94 | -0.05 | 0.89 | ||
| 2071 | 16.32 | 13.25 | -3.07 | ---- | -0.94 | -0.05 | 0.89 | ||
| 2072 | 16.36 | 13.25 | -3.11 | ---- | -0.95 | -0.05 | 0.89 | ||
| 2073 | 16.39 | 13.26 | -3.14 | ---- | -0.95 | -0.05 | 0.90 | ||
| 2074 | 16.42 | 13.26 | -3.16 | ---- | -0.95 | -0.05 | 0.90 | ||
| 2075 | 16.44 | 13.26 | -3.18 | ---- | -0.95 | -0.05 | 0.90 | ||
| 2076 | 16.45 | 13.26 | -3.19 | ---- | -0.95 | -0.05 | 0.90 | ||
| 2077 | 16.46 | 13.26 | -3.19 | ---- | -0.95 | -0.05 | 0.90 | ||
| 2078 | 16.45 | 13.26 | -3.19 | ---- | -0.96 | -0.05 | 0.90 | ||
| 2079 | 16.45 | 13.26 | -3.19 | ---- | -0.96 | -0.05 | 0.90 | ||
| 2080 | 16.45 | 13.26 | -3.19 | ---- | -0.96 | -0.05 | 0.90 | ||
| 2081 | 16.45 | 13.26 | -3.18 | ---- | -0.96 | -0.05 | 0.90 | ||
| 2082 | 16.45 | 13.26 | -3.19 | ---- | -0.96 | -0.05 | 0.91 | ||
| 2083 | 16.46 | 13.26 | -3.20 | ---- | -0.96 | -0.05 | 0.91 | ||
| 2084 | 16.48 | 13.26 | -3.22 | ---- | -0.96 | -0.05 | 0.91 | ||
| 2085 | 16.51 | 13.26 | -3.24 | ---- | -0.96 | -0.05 | 0.91 | ||
| 2086 | 16.54 | 13.27 | -3.28 | ---- | -0.96 | -0.05 | 0.91 | ||
| 2087 | 16.58 | 13.27 | -3.31 | ---- | -0.96 | -0.05 | 0.91 | ||
| 2088 | 16.62 | 13.27 | -3.35 | ---- | -0.97 | -0.05 | 0.91 | ||
| 2089 | 16.66 | 13.27 | -3.39 | ---- | -0.97 | -0.05 | 0.92 | ||
| 2090 | 16.70 | 13.28 | -3.43 | ---- | -0.97 | -0.05 | 0.92 | ||
| 2091 | 16.75 | 13.28 | -3.47 | ---- | -0.97 | -0.05 | 0.92 | ||
|   | 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 | 15.87% | 13.81% | -2.06% | 2035 | -0.63% | -0.03% | 0.60% | ||
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| 1 Under present law, the year of Trust
Fund reserve depletion is 2034. |
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