Long Range Solvency Provisions

Description of Proposed Provision:
B7.4: Increase benefits by 2 percent for all beneficiaries as of the beginning of 2018 and for those newly eligible for benefits after the beginning of 2018.

Financial Estimates for the OASDI Trust Fund Program

	Proposal				Change from Current Law
	Expressed as a percentage of current-law taxable payroll			Trust fund ratio as of January 1	Expressed as a percentage of current-law taxable payroll
Calendar year	Cost rate	Income rate	Annual balance	Trust fund ratio as of January 1	Cost rate	Income rate	Annual balance
2017	13.41	13.03	-0.38	298	0.00	0.00	0.00
2018	13.75	12.94	-0.81	282	0.27	0.01	-0.26
2019	13.97	12.96	-1.01	266	0.27	0.01	-0.26
2020	14.13	12.97	-1.15	250	0.27	0.01	-0.26
2021	14.29	13.00	-1.29	235	0.28	0.01	-0.26
2022	14.54	13.04	-1.50	219	0.28	0.01	-0.27
2023	14.83	13.06	-1.77	202	0.29	0.01	-0.27
2024	15.12	13.10	-2.02	185	0.29	0.01	-0.28
2025	15.40	13.12	-2.28	167	0.30	0.01	-0.28
2026	15.68	13.15	-2.53	149	0.30	0.02	-0.29
2027	15.93	13.17	-2.76	131	0.31	0.02	-0.29
2028	16.17	13.18	-2.98	112	0.31	0.02	-0.30
2029	16.38	13.20	-3.19	92	0.32	0.02	-0.30
2030	16.59	13.21	-3.38	73	0.32	0.02	-0.31
2031	16.77	13.22	-3.55	53	0.33	0.02	-0.31
2032	16.94	13.23	-3.70	33	0.33	0.02	-0.31
2033	17.07	13.24	-3.83	11	0.33	0.02	-0.32
2034	17.18	13.25	-3.93	----	0.33	0.02	-0.32
2035	17.26	13.26	-4.01	----	0.34	0.02	-0.32
2036	17.33	13.26	-4.06	----	0.34	0.02	-0.32
2037	17.36	13.27	-4.09	----	0.34	0.02	-0.32
2038	17.36	13.27	-4.09	----	0.34	0.02	-0.32
2039	17.34	13.27	-4.07	----	0.34	0.02	-0.32
2040	17.30	13.26	-4.03	----	0.34	0.02	-0.32
2041	17.25	13.26	-3.99	----	0.34	0.02	-0.32
2042	17.20	13.26	-3.94	----	0.33	0.02	-0.32
2043	17.14	13.26	-3.88	----	0.33	0.02	-0.32
2044	17.09	13.26	-3.84	----	0.33	0.02	-0.32
2045	17.05	13.25	-3.80	----	0.33	0.02	-0.31
2046	17.01	13.25	-3.76	----	0.33	0.02	-0.31
2047	16.98	13.25	-3.73	----	0.33	0.02	-0.31
2048	16.95	13.25	-3.70	----	0.33	0.02	-0.31
2049	16.92	13.25	-3.67	----	0.33	0.02	-0.31
2050	16.90	13.25	-3.65	----	0.33	0.02	-0.31
2051	16.88	13.25	-3.64	----	0.33	0.02	-0.31
2052	16.89	13.25	-3.64	----	0.33	0.02	-0.31
2053	16.90	13.25	-3.65	----	0.33	0.02	-0.31
2054	16.92	13.25	-3.67	----	0.33	0.02	-0.31
2055	16.95	13.25	-3.70	----	0.33	0.02	-0.31
2056	16.99	13.26	-3.73	----	0.33	0.02	-0.31
2057	17.03	13.26	-3.77	----	0.33	0.02	-0.31
2058	17.07	13.26	-3.81	----	0.33	0.02	-0.32
2059	17.12	13.27	-3.85	----	0.33	0.02	-0.32
2060	17.16	13.27	-3.89	----	0.33	0.02	-0.32
2061	17.21	13.27	-3.94	----	0.34	0.02	-0.32
2062	17.26	13.28	-3.98	----	0.34	0.02	-0.32
2063	17.31	13.28	-4.03	----	0.34	0.02	-0.32
2064	17.36	13.28	-4.07	----	0.34	0.02	-0.32
2065	17.41	13.29	-4.12	----	0.34	0.02	-0.32
2066	17.46	13.29	-4.17	----	0.34	0.02	-0.32
2067	17.51	13.29	-4.22	----	0.34	0.02	-0.32
2068	17.56	13.30	-4.27	----	0.34	0.02	-0.32
2069	17.62	13.30	-4.32	----	0.34	0.02	-0.33
2070	17.67	13.30	-4.37	----	0.34	0.02	-0.33
2071	17.72	13.31	-4.41	----	0.35	0.02	-0.33
2072	17.76	13.31	-4.45	----	0.35	0.02	-0.33
2073	17.80	13.31	-4.48	----	0.35	0.02	-0.33
2074	17.83	13.31	-4.51	----	0.35	0.02	-0.33
2075	17.85	13.32	-4.54	----	0.35	0.02	-0.33
2076	17.87	13.32	-4.55	----	0.35	0.02	-0.33
2077	17.87	13.32	-4.56	----	0.35	0.02	-0.33
2078	17.87	13.32	-4.56	----	0.35	0.02	-0.33
2079	17.87	13.32	-4.55	----	0.35	0.02	-0.33
2080	17.86	13.32	-4.54	----	0.35	0.02	-0.33
2081	17.85	13.32	-4.54	----	0.35	0.02	-0.33
2082	17.85	13.32	-4.54	----	0.35	0.02	-0.33
2083	17.86	13.32	-4.55	----	0.35	0.02	-0.33
2084	17.88	13.32	-4.56	----	0.35	0.02	-0.33
2085	17.90	13.32	-4.58	----	0.35	0.02	-0.33
2086	17.93	13.32	-4.61	----	0.35	0.02	-0.33
2087	17.97	13.32	-4.65	----	0.35	0.02	-0.33
2088	18.01	13.32	-4.68	----	0.35	0.02	-0.33
2089	18.05	13.33	-4.73	----	0.35	0.02	-0.33
2090	18.10	13.33	-4.77	----	0.35	0.02	-0.33
2091	18.15	13.33	-4.82	----	0.35	0.02	-0.34
2092	18.20	13.34	-4.86	----	0.36	0.02	-0.34

Summarized Estimates

	Proposal				Change from Current Law
Years	Cost rate	Income rate	Actuarial balance	Year of reserve depletion¹	Cost rate	Income rate	Actuarial balance
2017-2091	16.99%	13.86%	-3.14%	2033	0.33%	0.02%	-0.31%
¹ Under current law, the year of Trust Fund reserve depletion is 2034.

Based on Intermediate Assumptions of the 2017 Trustees Report.

Detailed Single Year Tables

Description of Proposed Provision: B7.4: Increase benefits by 2 percent for all beneficiaries as of the beginning of 2018 and for those newly eligible for benefits after the beginning of 2018.

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates

Description of Proposed Provision:
B7.4: Increase benefits by 2 percent for all beneficiaries as of the beginning of 2018 and for those newly eligible for benefits after the beginning of 2018.