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Detailed Single Year Tables

Description of Proposed Provision:
E3.16: Beginning in 2018, apply 4 percent payroll tax rate on earnings above the wage-indexed equivalent of $400,000 in 2015, with the threshold wage-indexed after 2018. Provide benefit credit for additional earnings taxed, using a secondary PIA formula. This secondary PIA formula involves: (1) an "AIME+" derived from annual earnings taxed only between 2015 wage-indexed equivalents of $400,000 and $500,000 (with thresholds wage-indexed after 2018); and (2) a formula factor of 2 percent on this newly computed "AIME+".

 

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

Cost
rate
Income
rate
Annual
balance
201614.0512.94-1.10
303
0.000.000.00
201713.7212.92-0.80
293
0.000.000.00
201813.8613.28-0.57
277
0.000.330.33
201913.9913.31-0.68
264
0.000.340.34
202014.1313.32-0.82
251
0.000.340.34
202114.2713.34-0.93
238
0.000.330.33
202214.4913.36-1.12
225
0.000.330.33
202314.7613.38-1.37
210
0.000.320.33
202415.0213.41-1.61
195
0.000.320.32
202515.2813.43-1.86
180
0.000.320.32
202615.4713.44-2.03
165
0.000.320.32
202715.6513.46-2.19
150
0.000.320.32
202815.8113.47-2.34
135
0.000.320.32
202915.9613.48-2.48
119
0.000.320.32
203016.1013.50-2.60
104
0.000.320.32
203116.2213.51-2.71
89
0.000.320.32
203216.3213.52-2.81
73
0.000.320.32
203316.4113.52-2.88
57
0.000.320.32
203416.4613.53-2.93
40
0.000.320.32
203516.4913.53-2.96
23
0.000.320.32
203616.5513.54-3.01
5
0.000.320.32
203716.6013.54-3.05
----
0.000.320.32
203816.6113.55-3.06
----
0.000.320.32
203916.6113.55-3.06
----
0.000.320.32
204016.5913.55-3.04
----
0.000.320.32
204116.5613.55-3.01
----
0.000.320.32
204216.5313.55-2.98
----
0.000.320.32
204316.4913.55-2.95
----
0.000.320.32
204416.4613.55-2.91
----
-0.010.320.32
204516.4413.55-2.90
----
-0.010.320.32
204616.4213.55-2.87
----
-0.010.320.32
204716.4013.55-2.85
----
-0.010.320.32
204816.3813.55-2.83
----
-0.010.320.32
204916.3613.55-2.81
----
-0.010.320.32
205016.3513.55-2.80
----
-0.010.320.32
205116.3513.55-2.80
----
-0.010.320.32
205216.3613.55-2.81
----
-0.010.320.33
205316.3913.55-2.83
----
-0.010.320.33
205416.4213.56-2.86
----
-0.010.320.33
205516.4613.56-2.89
----
-0.010.320.33
205616.5013.56-2.93
----
-0.010.320.33
205716.5513.57-2.98
----
-0.010.320.33
205816.6013.57-3.02
----
-0.010.320.33
205916.6513.58-3.07
----
-0.010.320.33
206016.7013.58-3.12
----
-0.010.320.33
206116.7513.58-3.16
----
-0.010.320.33
206216.8013.59-3.21
----
-0.010.320.33
206316.8513.59-3.25
----
-0.010.320.33
206416.8913.60-3.30
----
-0.010.320.33
206516.9413.60-3.35
----
-0.010.320.33
206617.0013.60-3.39
----
-0.010.320.33
206717.0513.61-3.44
----
-0.010.320.33
206817.1013.61-3.49
----
-0.010.320.33
206917.1513.61-3.54
----
-0.010.320.33
207017.2113.62-3.59
----
-0.010.320.33
207117.2513.62-3.63
----
-0.010.320.33
207217.2913.62-3.67
----
-0.010.320.33
207317.3313.63-3.70
----
-0.010.320.33
207417.3613.63-3.73
----
-0.010.320.33
207517.3813.63-3.75
----
-0.010.320.33
207617.3913.63-3.76
----
-0.010.320.33
207717.4013.63-3.76
----
-0.010.320.33
207817.4013.63-3.76
----
-0.010.320.33
207917.3913.63-3.76
----
-0.010.320.33
208017.3913.63-3.76
----
-0.010.320.33
208117.3913.63-3.75
----
-0.010.320.33
208217.3913.63-3.76
----
-0.010.320.33
208317.4113.64-3.77
----
-0.010.320.34
208417.4313.64-3.79
----
-0.010.320.34
208517.4613.64-3.82
----
-0.010.320.34
208617.4913.64-3.85
----
-0.010.320.34
208717.5313.64-3.89
----
-0.010.320.34
208817.5713.65-3.93
----
-0.010.320.34
208917.6213.65-3.97
----
-0.010.320.34
209017.6613.65-4.01
----
-0.010.320.34
209117.7113.66-4.05
----
-0.010.330.34



 

Summarized Estimates

 
  Proposal
  Change from Present Law
Years Cost
rate
Income
rate
Actuarial
balance

Year of reserve
depletion
1

Cost
rate
Income
rate
Actuarial
balance
 
Based on Intermediate Assumptions of the 2016 Trustees Report.
2016-2090 16.50% 14.16% -2.34%
2036
-0.01% 0.31% 0.32%
 
1 Under present law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified August 30, 2016