Detailed Single Year Tables
Description of Proposed Provision:
B1.1: Price indexing of PIA factors beginning with those newly eligible for OASDI benefits in 2028: 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 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 |
|||
| 2021 | 14.11 | 12.31 | -1.81 | 253 | 0.00 | 0.00 | 0.00 | ||
| 2022 | 14.30 | 12.93 | -1.38 | 231 | 0.00 | 0.00 | 0.00 | ||
| 2023 | 14.43 | 12.91 | -1.52 | 214 | 0.00 | 0.00 | 0.00 | ||
| 2024 | 14.64 | 12.94 | -1.69 | 196 | 0.00 | 0.00 | 0.00 | ||
| 2025 | 14.86 | 12.96 | -1.90 | 178 | 0.00 | 0.00 | 0.00 | ||
| 2026 | 15.10 | 13.08 | -2.03 | 159 | 0.00 | 0.00 | 0.00 | ||
| 2027 | 15.36 | 13.10 | -2.26 | 141 | 0.00 | 0.00 | 0.00 | ||
| 2028 | 15.62 | 13.14 | -2.48 | 122 | -0.00 | -0.00 | 0.00 | ||
| 2029 | 15.87 | 13.17 | -2.70 | 104 | -0.00 | -0.00 | 0.00 | ||
| 2030 | 16.10 | 13.19 | -2.91 | 85 | -0.01 | -0.00 | 0.01 | ||
| 2031 | 16.26 | 13.21 | -3.06 | 66 | -0.02 | -0.00 | 0.02 | ||
| 2032 | 16.39 | 13.22 | -3.18 | 47 | -0.04 | -0.00 | 0.04 | ||
| 2033 | 16.49 | 13.23 | -3.27 | 28 | -0.07 | -0.00 | 0.06 | ||
| 2034 | 16.56 | 13.23 | -3.33 | 8 | -0.10 | -0.00 | 0.09 | ||
| 2035 | 16.60 | 13.24 | -3.36 | ---- | -0.14 | -0.01 | 0.13 | ||
| 2036 | 16.62 | 13.24 | -3.37 | ---- | -0.18 | -0.01 | 0.18 | ||
| 2037 | 16.62 | 13.25 | -3.38 | ---- | -0.24 | -0.01 | 0.23 | ||
| 2038 | 16.61 | 13.25 | -3.36 | ---- | -0.30 | -0.01 | 0.29 | ||
| 2039 | 16.57 | 13.25 | -3.33 | ---- | -0.38 | -0.02 | 0.36 | ||
| 2040 | 16.52 | 13.25 | -3.27 | ---- | -0.46 | -0.02 | 0.44 | ||
| 2041 | 16.47 | 13.25 | -3.23 | ---- | -0.54 | -0.03 | 0.52 | ||
| 2042 | 16.40 | 13.25 | -3.15 | ---- | -0.64 | -0.03 | 0.61 | ||
| 2043 | 16.30 | 13.24 | -3.06 | ---- | -0.74 | -0.03 | 0.70 | ||
| 2044 | 16.20 | 13.24 | -2.96 | ---- | -0.85 | -0.04 | 0.81 | ||
| 2045 | 16.09 | 13.23 | -2.85 | ---- | -0.96 | -0.05 | 0.92 | ||
| 2046 | 15.97 | 13.23 | -2.75 | ---- | -1.08 | -0.05 | 1.03 | ||
| 2047 | 15.87 | 13.22 | -2.64 | ---- | -1.21 | -0.06 | 1.15 | ||
| 2048 | 15.75 | 13.22 | -2.53 | ---- | -1.35 | -0.07 | 1.28 | ||
| 2049 | 15.63 | 13.21 | -2.42 | ---- | -1.48 | -0.07 | 1.41 | ||
| 2050 | 15.51 | 13.21 | -2.30 | ---- | -1.63 | -0.08 | 1.54 | ||
| 2051 | 15.39 | 13.20 | -2.18 | ---- | -1.77 | -0.09 | 1.68 | ||
| 2052 | 15.27 | 13.20 | -2.07 | ---- | -1.92 | -0.10 | 1.82 | ||
| 2053 | 15.14 | 13.19 | -1.95 | ---- | -2.08 | -0.11 | 1.97 | ||
| 2054 | 15.02 | 13.19 | -1.83 | ---- | -2.23 | -0.11 | 2.12 | ||
| 2055 | 14.90 | 13.18 | -1.72 | ---- | -2.39 | -0.12 | 2.27 | ||
| 2056 | 14.78 | 13.18 | -1.61 | ---- | -2.55 | -0.13 | 2.42 | ||
| 2057 | 14.67 | 13.17 | -1.50 | ---- | -2.72 | -0.14 | 2.58 | ||
| 2058 | 14.56 | 13.17 | -1.39 | ---- | -2.88 | -0.15 | 2.73 | ||
| 2059 | 14.45 | 13.16 | -1.28 | ---- | -3.04 | -0.16 | 2.88 | ||
| 2060 | 14.34 | 13.16 | -1.18 | ---- | -3.21 | -0.17 | 3.04 | ||
| 2061 | 14.23 | 13.15 | -1.08 | ---- | -3.37 | -0.18 | 3.19 | ||
| 2062 | 14.12 | 13.15 | -0.97 | ---- | -3.53 | -0.19 | 3.34 | ||
| 2063 | 14.01 | 13.14 | -0.87 | ---- | -3.69 | -0.20 | 3.49 | ||
| 2064 | 13.90 | 13.14 | -0.76 | ---- | -3.85 | -0.21 | 3.64 | ||
| 2065 | 13.80 | 13.13 | -0.66 | ---- | -4.00 | -0.21 | 3.79 | ||
| 2066 | 13.69 | 13.13 | -0.56 | ---- | -4.16 | -0.22 | 3.94 | ||
| 2067 | 13.59 | 13.13 | -0.46 | ---- | -4.32 | -0.23 | 4.08 | ||
| 2068 | 13.49 | 13.12 | -0.37 | ---- | -4.47 | -0.24 | 4.23 | ||
| 2069 | 13.39 | 13.12 | -0.27 | ---- | -4.62 | -0.25 | 4.38 | ||
| 2070 | 13.29 | 13.11 | -0.18 | ---- | -4.78 | -0.26 | 4.52 | ||
| 2071 | 13.19 | 13.11 | -0.08 | ---- | -4.93 | -0.27 | 4.67 | ||
| 2072 | 13.09 | 13.10 | 0.01 | ---- | -5.09 | -0.28 | 4.81 | ||
| 2073 | 12.99 | 13.10 | 0.11 | ---- | -5.24 | -0.28 | 4.95 | ||
| 2074 | 12.88 | 13.09 | 0.21 | ---- | -5.39 | -0.29 | 5.10 | ||
| 2075 | 12.78 | 13.09 | 0.31 | ---- | -5.54 | -0.30 | 5.24 | ||
| 2076 | 12.67 | 13.08 | 0.41 | ---- | -5.68 | -0.31 | 5.37 | ||
| 2077 | 12.55 | 13.08 | 0.53 | ---- | -5.82 | -0.32 | 5.50 | ||
| 2078 | 12.42 | 13.07 | 0.65 | ---- | -5.95 | -0.33 | 5.63 | ||
| 2079 | 12.29 | 13.06 | 0.77 | ---- | -6.08 | -0.33 | 5.75 | ||
| 2080 | 12.15 | 13.05 | 0.91 | ---- | -6.20 | -0.34 | 5.86 | ||
| 2081 | 12.00 | 13.05 | 1.04 | ---- | -6.32 | -0.35 | 5.98 | ||
| 2082 | 11.86 | 13.04 | 1.18 | ---- | -6.44 | -0.35 | 6.08 | ||
| 2083 | 11.70 | 13.03 | 1.33 | ---- | -6.55 | -0.36 | 6.19 | ||
| 2084 | 11.55 | 13.02 | 1.47 | ---- | -6.65 | -0.37 | 6.28 | ||
| 2085 | 11.39 | 13.01 | 1.62 | ---- | -6.75 | -0.37 | 6.38 | ||
| 2086 | 11.23 | 13.00 | 1.77 | ---- | -6.84 | -0.38 | 6.47 | ||
| 2087 | 11.07 | 13.00 | 1.92 | ---- | -6.94 | -0.38 | 6.56 | ||
| 2088 | 10.91 | 12.99 | 2.08 | ---- | -7.03 | -0.39 | 6.64 | ||
| 2089 | 10.75 | 12.98 | 2.22 | ---- | -7.12 | -0.39 | 6.73 | ||
| 2090 | 10.60 | 12.97 | 2.36 | ---- | -7.21 | -0.40 | 6.81 | ||
| 2091 | 10.46 | 12.96 | 2.50 | ---- | -7.31 | -0.40 | 6.90 | ||
| 2092 | 10.33 | 12.95 | 2.63 | ---- | -7.41 | -0.41 | 7.00 | ||
| 2093 | 10.20 | 12.95 | 2.74 | ---- | -7.51 | -0.41 | 7.10 | ||
| 2094 | 10.08 | 12.94 | 2.86 | ---- | -7.62 | -0.42 | 7.20 | ||
| 2095 | 9.97 | 12.93 | 2.97 | ---- | -7.73 | -0.43 | 7.31 | ||
| 2096 | 9.86 | 12.93 | 3.07 | ---- | -7.85 | -0.43 | 7.41 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2021-2095 | 14.42% | 13.62% | -0.79% | 2034 | -2.89% | -0.15% | 2.74% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2034. |
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Based on Intermediate Assumptions of the 2021 Trustees Report.