Description of Proposed Provision:
B7.2: Reduce benefits by 5 percent for those newly eligible for benefits in 2019 and later.

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

Cost
rate
Income
rate
Annual
balance
201813.8112.64-1.17
288
0.000.000.00
201913.9512.87-1.08
272
-0.01-0.000.01
202014.1012.89-1.21
256
-0.02-0.000.02
202114.2312.92-1.31
240
-0.04-0.000.04
202214.3712.94-1.43
224
-0.06-0.000.06
202314.5312.96-1.57
208
-0.09-0.000.09
202414.6812.99-1.69
191
-0.12-0.000.12
202514.8213.00-1.82
175
-0.16-0.010.15
202614.9613.12-1.84
159
-0.20-0.010.19
202715.1313.14-1.99
144
-0.24-0.010.23
202815.3013.16-2.15
128
-0.28-0.010.26
202915.4713.17-2.30
113
-0.32-0.020.30
203015.6313.18-2.44
97
-0.36-0.020.34
203115.7713.20-2.57
82
-0.39-0.020.37
203215.8913.21-2.68
66
-0.43-0.020.41
203315.9913.21-2.77
50
-0.46-0.020.44
203416.0713.22-2.85
33
-0.50-0.030.47
203516.1213.23-2.90
16
-0.53-0.030.50
203616.1713.23-2.93
----
-0.56-0.030.53
203716.2013.24-2.96
----
-0.58-0.030.55
203816.2113.24-2.97
----
-0.61-0.030.58
203916.2013.24-2.96
----
-0.63-0.030.60
204016.1813.24-2.94
----
-0.65-0.030.62
204116.1413.24-2.90
----
-0.67-0.040.64
204216.0813.24-2.85
----
-0.69-0.040.65
204316.0313.23-2.79
----
-0.71-0.040.67
204415.9713.23-2.74
----
-0.72-0.040.69
204515.9213.23-2.69
----
-0.74-0.040.70
204615.8813.23-2.65
----
-0.75-0.040.71
204715.8413.23-2.61
----
-0.76-0.040.72
204815.8013.23-2.58
----
-0.77-0.040.73
204915.7713.23-2.55
----
-0.78-0.040.74
205015.7513.22-2.53
----
-0.79-0.040.75
205115.7413.22-2.51
----
-0.80-0.040.75
205215.7313.23-2.51
----
-0.80-0.040.76
205315.7413.23-2.51
----
-0.81-0.040.76
205415.7513.23-2.52
----
-0.81-0.040.77
205515.7813.23-2.54
----
-0.81-0.040.77
205615.8113.23-2.57
----
-0.82-0.040.77
205715.8413.24-2.61
----
-0.82-0.050.78
205815.8913.24-2.64
----
-0.83-0.050.78
205915.9313.25-2.68
----
-0.83-0.050.78
206015.9813.25-2.73
----
-0.83-0.050.79
206116.0213.25-2.77
----
-0.84-0.050.79
206216.0713.26-2.81
----
-0.84-0.050.79
206316.1213.26-2.86
----
-0.84-0.050.80
206416.1713.26-2.90
----
-0.85-0.050.80
206516.2213.27-2.95
----
-0.85-0.050.80
206616.2713.27-3.00
----
-0.85-0.050.81
206716.3313.28-3.05
----
-0.86-0.050.81
206816.3813.28-3.10
----
-0.86-0.050.81
206916.4413.28-3.16
----
-0.86-0.050.81
207016.5013.29-3.21
----
-0.87-0.050.82
207116.5513.29-3.26
----
-0.87-0.050.82
207216.6013.29-3.30
----
-0.87-0.050.82
207316.6413.30-3.34
----
-0.87-0.050.82
207416.6813.30-3.38
----
-0.88-0.050.83
207516.7113.30-3.41
----
-0.88-0.050.83
207616.7313.31-3.43
----
-0.88-0.050.83
207716.7413.31-3.44
----
-0.88-0.050.83
207816.7513.31-3.44
----
-0.88-0.050.83
207916.7413.31-3.43
----
-0.88-0.050.83
208016.7313.31-3.42
----
-0.88-0.050.83
208116.7113.31-3.41
----
-0.88-0.050.83
208216.6913.30-3.39
----
-0.88-0.050.83
208316.6813.30-3.37
----
-0.88-0.050.83
208416.6613.30-3.36
----
-0.88-0.050.83
208516.6613.30-3.35
----
-0.88-0.050.83
208616.6513.30-3.35
----
-0.88-0.050.83
208716.6613.30-3.36
----
-0.88-0.050.83
208816.6713.30-3.37
----
-0.88-0.050.83
208916.6913.30-3.39
----
-0.88-0.050.83
209016.7213.31-3.41
----
-0.88-0.050.83
209116.7513.31-3.45
----
-0.88-0.050.83
209216.8013.31-3.48
----
-0.88-0.050.83
209316.8413.31-3.53
----
-0.89-0.050.84


Summarized Estimates

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

Year of reserve
depletion
1

Cost
rate
Income
rate
Actuarial
balance
2018-2092 16.04% 13.81% -2.23%
2035
-0.64% -0.03% 0.61%

1 Under current law, the year of Trust Fund reserve depletion is 2034.
Based on Intermediate Assumptions of the 2018 Trustees Report.