Detailed Single Year Tables

Level of Monthly Benefits	Description of Proposed Provision: B1.1: Price indexing of PIA factors beginning with those newly eligible for OASDI benefits in 2023: Reduce factors so that initial benefits grow by inflation rather than by the SSA average wage index.

			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	13.86	12.96	-0.90	277	0.00	0.00	0.00
2019	13.99	12.97	-1.02	262	0.00	0.00	0.00
2020	14.13	12.98	-1.15	246	0.00	0.00	0.00
2021	14.27	13.00	-1.27	231	0.00	0.00	0.00
2022	14.49	13.03	-1.46	216	0.00	0.00	0.00
2023	14.76	13.06	-1.70	200	0.00	0.00	0.00
2024	15.01	13.09	-1.92	183	-0.01	0.00	0.01
2025	15.26	13.11	-2.15	166	-0.02	0.00	0.02
2026	15.43	13.13	-2.30	149	-0.04	0.00	0.04
2027	15.58	13.14	-2.44	133	-0.07	0.00	0.06
2028	15.71	13.15	-2.56	117	-0.10	0.00	0.10
2029	15.82	13.16	-2.66	100	-0.15	-0.01	0.14
2030	15.90	13.17	-2.73	84	-0.20	-0.01	0.19
2031	15.96	13.18	-2.78	68	-0.26	-0.01	0.25
2032	15.99	13.18	-2.81	52	-0.34	-0.02	0.32
2033	15.99	13.19	-2.80	35	-0.42	-0.02	0.40
2034	15.96	13.19	-2.77	18	-0.50	-0.02	0.48
2035	15.90	13.19	-2.71	1	-0.60	-0.03	0.57
2036	15.86	13.19	-2.67	----	-0.70	-0.03	0.66
2037	15.80	13.19	-2.61	----	-0.80	-0.04	0.76
2038	15.70	13.19	-2.52	----	-0.91	-0.04	0.87
2039	15.59	13.18	-2.40	----	-1.02	-0.05	0.97
2040	15.45	13.18	-2.27	----	-1.14	-0.06	1.09
2041	15.30	13.17	-2.13	----	-1.26	-0.06	1.20
2042	15.14	13.16	-1.98	----	-1.39	-0.07	1.32
2043	14.98	13.16	-1.82	----	-1.52	-0.08	1.45
2044	14.81	13.15	-1.66	----	-1.66	-0.08	1.57
2045	14.65	13.14	-1.51	----	-1.80	-0.09	1.71
2046	14.48	13.13	-1.35	----	-1.94	-0.10	1.85
2047	14.31	13.13	-1.19	----	-2.09	-0.11	1.98
2048	14.14	13.12	-1.03	----	-2.24	-0.11	2.13
2049	13.98	13.11	-0.87	----	-2.39	-0.12	2.27
2050	13.81	13.10	-0.71	----	-2.55	-0.13	2.42
2051	13.65	13.09	-0.56	----	-2.71	-0.14	2.57
2052	13.50	13.09	-0.42	----	-2.87	-0.15	2.72
2053	13.36	13.08	-0.28	----	-3.03	-0.16	2.87
2054	13.23	13.07	-0.15	----	-3.20	-0.17	3.03
2055	13.10	13.07	-0.03	----	-3.36	-0.17	3.19
2056	12.98	13.06	0.08	----	-3.53	-0.18	3.34
2057	12.86	13.06	0.20	----	-3.69	-0.19	3.50
2058	12.75	13.05	0.31	----	-3.86	-0.20	3.66
2059	12.63	13.05	0.41	----	-4.02	-0.21	3.81
2060	12.52	13.04	0.52	----	-4.18	-0.22	3.96
2061	12.41	13.04	0.62	----	-4.34	-0.23	4.12
2062	12.31	13.03	0.73	----	-4.50	-0.24	4.26
2063	12.20	13.03	0.83	----	-4.66	-0.25	4.41
2064	12.09	13.02	0.93	----	-4.81	-0.25	4.56
2065	11.99	13.02	1.03	----	-4.96	-0.26	4.70
2066	11.89	13.01	1.12	----	-5.12	-0.27	4.85
2067	11.79	13.01	1.21	----	-5.27	-0.28	4.99
2068	11.70	13.00	1.31	----	-5.42	-0.29	5.13
2069	11.60	13.00	1.40	----	-5.57	-0.30	5.27
2070	11.50	12.99	1.49	----	-5.72	-0.30	5.41
2071	11.40	12.99	1.58	----	-5.86	-0.31	5.55
2072	11.30	12.98	1.68	----	-6.00	-0.32	5.68
2073	11.20	12.98	1.78	----	-6.14	-0.33	5.81
2074	11.09	12.97	1.88	----	-6.28	-0.34	5.94
2075	10.99	12.97	1.98	----	-6.41	-0.34	6.06
2076	10.87	12.96	2.09	----	-6.53	-0.35	6.18
2077	10.76	12.96	2.20	----	-6.65	-0.36	6.30
2078	10.64	12.95	2.31	----	-6.77	-0.36	6.41
2079	10.52	12.94	2.42	----	-6.88	-0.37	6.51
2080	10.41	12.94	2.53	----	-7.00	-0.37	6.62
2081	10.29	12.93	2.64	----	-7.11	-0.38	6.73
2082	10.18	12.92	2.74	----	-7.23	-0.39	6.84
2083	10.07	12.92	2.84	----	-7.34	-0.39	6.95
2084	9.97	12.91	2.94	----	-7.47	-0.40	7.07
2085	9.88	12.91	3.03	20	-7.59	-0.41	7.18
2086	9.79	12.90	3.12	51	-7.72	-0.41	7.30
2087	9.70	12.90	3.20	84	-7.84	-0.42	7.42
2088	9.61	12.89	3.28	118	-7.97	-0.43	7.54
2089	9.53	12.89	3.36	155	-8.10	-0.44	7.67
2090	9.45	12.89	3.44	193	-8.23	-0.44	7.79
2091	9.37	12.88	3.51	233	-8.36	-0.45	7.91

				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	13.58%	13.69%	0.11%	2035	-2.92%	-0.15%	2.77%

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: B1.1: Price indexing of PIA factors beginning with those newly eligible for OASDI benefits in 2023: Reduce factors so that initial benefits grow by inflation rather than by the SSA average wage index.

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates

Description of Proposed Provision:
B1.1: Price indexing of PIA factors beginning with those newly eligible for OASDI benefits in 2023: Reduce factors so that initial benefits grow by inflation rather than by the SSA average wage index.