Detailed Single Year Tables
Description of Proposed Provision:
B4.3: For the OASI and DI computation of the PIA, gradually reduce the maximum number of drop-out years from 5 to 0, phased in over the years 2023-2031.
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 | 14.63 | 12.94 | -1.69 | 196 | -0.00 | -0.00 | 0.00 | ||
| 2025 | 14.85 | 12.96 | -1.89 | 178 | -0.01 | -0.00 | 0.01 | ||
| 2026 | 15.09 | 13.08 | -2.01 | 160 | -0.02 | -0.00 | 0.02 | ||
| 2027 | 15.34 | 13.10 | -2.24 | 141 | -0.03 | -0.00 | 0.03 | ||
| 2028 | 15.58 | 13.14 | -2.45 | 123 | -0.04 | -0.00 | 0.04 | ||
| 2029 | 15.81 | 13.17 | -2.64 | 105 | -0.06 | -0.00 | 0.06 | ||
| 2030 | 16.02 | 13.19 | -2.83 | 86 | -0.09 | -0.00 | 0.08 | ||
| 2031 | 16.17 | 13.20 | -2.97 | 68 | -0.11 | -0.00 | 0.11 | ||
| 2032 | 16.29 | 13.21 | -3.08 | 49 | -0.15 | -0.01 | 0.14 | ||
| 2033 | 16.38 | 13.22 | -3.15 | 30 | -0.18 | -0.01 | 0.17 | ||
| 2034 | 16.44 | 13.23 | -3.21 | 11 | -0.22 | -0.01 | 0.21 | ||
| 2035 | 16.48 | 13.23 | -3.25 | ---- | -0.26 | -0.01 | 0.24 | ||
| 2036 | 16.51 | 13.24 | -3.27 | ---- | -0.29 | -0.01 | 0.28 | ||
| 2037 | 16.53 | 13.24 | -3.29 | ---- | -0.33 | -0.02 | 0.32 | ||
| 2038 | 16.55 | 13.24 | -3.30 | ---- | -0.37 | -0.02 | 0.35 | ||
| 2039 | 16.55 | 13.25 | -3.30 | ---- | -0.40 | -0.02 | 0.38 | ||
| 2040 | 16.54 | 13.25 | -3.29 | ---- | -0.43 | -0.02 | 0.41 | ||
| 2041 | 16.55 | 13.25 | -3.30 | ---- | -0.47 | -0.02 | 0.44 | ||
| 2042 | 16.54 | 13.25 | -3.29 | ---- | -0.50 | -0.02 | 0.47 | ||
| 2043 | 16.51 | 13.25 | -3.26 | ---- | -0.53 | -0.03 | 0.50 | ||
| 2044 | 16.49 | 13.25 | -3.24 | ---- | -0.56 | -0.03 | 0.53 | ||
| 2045 | 16.46 | 13.25 | -3.21 | ---- | -0.59 | -0.03 | 0.56 | ||
| 2046 | 16.44 | 13.25 | -3.19 | ---- | -0.61 | -0.03 | 0.58 | ||
| 2047 | 16.44 | 13.25 | -3.19 | ---- | -0.64 | -0.03 | 0.61 | ||
| 2048 | 16.43 | 13.25 | -3.18 | ---- | -0.67 | -0.03 | 0.63 | ||
| 2049 | 16.43 | 13.25 | -3.17 | ---- | -0.69 | -0.04 | 0.66 | ||
| 2050 | 16.42 | 13.25 | -3.17 | ---- | -0.71 | -0.04 | 0.68 | ||
| 2051 | 16.42 | 13.26 | -3.17 | ---- | -0.74 | -0.04 | 0.70 | ||
| 2052 | 16.43 | 13.26 | -3.17 | ---- | -0.76 | -0.04 | 0.72 | ||
| 2053 | 16.44 | 13.26 | -3.18 | ---- | -0.78 | -0.04 | 0.74 | ||
| 2054 | 16.46 | 13.26 | -3.20 | ---- | -0.80 | -0.04 | 0.75 | ||
| 2055 | 16.48 | 13.26 | -3.22 | ---- | -0.81 | -0.04 | 0.77 | ||
| 2056 | 16.51 | 13.27 | -3.24 | ---- | -0.83 | -0.04 | 0.78 | ||
| 2057 | 16.54 | 13.27 | -3.27 | ---- | -0.84 | -0.04 | 0.80 | ||
| 2058 | 16.58 | 13.27 | -3.31 | ---- | -0.85 | -0.04 | 0.81 | ||
| 2059 | 16.63 | 13.28 | -3.35 | ---- | -0.87 | -0.05 | 0.82 | ||
| 2060 | 16.67 | 13.28 | -3.39 | ---- | -0.88 | -0.05 | 0.83 | ||
| 2061 | 16.72 | 13.29 | -3.43 | ---- | -0.88 | -0.05 | 0.84 | ||
| 2062 | 16.76 | 13.29 | -3.47 | ---- | -0.89 | -0.05 | 0.84 | ||
| 2063 | 16.80 | 13.29 | -3.51 | ---- | -0.90 | -0.05 | 0.85 | ||
| 2064 | 16.85 | 13.30 | -3.55 | ---- | -0.90 | -0.05 | 0.86 | ||
| 2065 | 16.89 | 13.30 | -3.59 | ---- | -0.91 | -0.05 | 0.86 | ||
| 2066 | 16.94 | 13.30 | -3.63 | ---- | -0.91 | -0.05 | 0.87 | ||
| 2067 | 16.99 | 13.31 | -3.68 | ---- | -0.92 | -0.05 | 0.87 | ||
| 2068 | 17.03 | 13.31 | -3.72 | ---- | -0.92 | -0.05 | 0.87 | ||
| 2069 | 17.08 | 13.32 | -3.77 | ---- | -0.93 | -0.05 | 0.88 | ||
| 2070 | 17.14 | 13.32 | -3.82 | ---- | -0.93 | -0.05 | 0.88 | ||
| 2071 | 17.19 | 13.32 | -3.86 | ---- | -0.94 | -0.05 | 0.89 | ||
| 2072 | 17.23 | 13.33 | -3.91 | ---- | -0.94 | -0.05 | 0.89 | ||
| 2073 | 17.28 | 13.33 | -3.95 | ---- | -0.94 | -0.05 | 0.89 | ||
| 2074 | 17.33 | 13.33 | -3.99 | ---- | -0.95 | -0.05 | 0.89 | ||
| 2075 | 17.37 | 13.34 | -4.03 | ---- | -0.95 | -0.05 | 0.90 | ||
| 2076 | 17.40 | 13.34 | -4.06 | ---- | -0.95 | -0.05 | 0.90 | ||
| 2077 | 17.42 | 13.34 | -4.07 | ---- | -0.95 | -0.05 | 0.90 | ||
| 2078 | 17.42 | 13.34 | -4.08 | ---- | -0.95 | -0.05 | 0.90 | ||
| 2079 | 17.42 | 13.34 | -4.07 | ---- | -0.95 | -0.05 | 0.90 | ||
| 2080 | 17.40 | 13.34 | -4.06 | ---- | -0.95 | -0.05 | 0.90 | ||
| 2081 | 17.38 | 13.34 | -4.03 | ---- | -0.95 | -0.05 | 0.90 | ||
| 2082 | 17.34 | 13.34 | -4.00 | ---- | -0.95 | -0.05 | 0.90 | ||
| 2083 | 17.30 | 13.34 | -3.96 | ---- | -0.95 | -0.05 | 0.90 | ||
| 2084 | 17.25 | 13.34 | -3.91 | ---- | -0.95 | -0.05 | 0.89 | ||
| 2085 | 17.20 | 13.33 | -3.86 | ---- | -0.94 | -0.05 | 0.89 | ||
| 2086 | 17.14 | 13.33 | -3.81 | ---- | -0.94 | -0.05 | 0.89 | ||
| 2087 | 17.07 | 13.33 | -3.75 | ---- | -0.94 | -0.05 | 0.89 | ||
| 2088 | 17.00 | 13.32 | -3.68 | ---- | -0.93 | -0.05 | 0.88 | ||
| 2089 | 16.94 | 13.32 | -3.62 | ---- | -0.93 | -0.05 | 0.88 | ||
| 2090 | 16.89 | 13.31 | -3.57 | ---- | -0.93 | -0.05 | 0.88 | ||
| 2091 | 16.84 | 13.31 | -3.53 | ---- | -0.93 | -0.05 | 0.88 | ||
| 2092 | 16.81 | 13.31 | -3.50 | ---- | -0.92 | -0.05 | 0.87 | ||
| 2093 | 16.79 | 13.31 | -3.48 | ---- | -0.92 | -0.05 | 0.87 | ||
| 2094 | 16.78 | 13.31 | -3.47 | ---- | -0.92 | -0.05 | 0.87 | ||
| 2095 | 16.78 | 13.31 | -3.47 | ---- | -0.92 | -0.05 | 0.87 | ||
| 2096 | 16.78 | 13.31 | -3.47 | ---- | -0.92 | -0.05 | 0.87 | ||
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 | 16.68% | 13.74% | -2.94% | 2034 | -0.63% | -0.03% | 0.60% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2034. |
|||||||||
Based on Intermediate Assumptions of the 2021 Trustees Report.