Detailed Single Year Tables
Description of Proposed Provision:
D3: Allow divorced aged spouses and divorced surviving spouses married 5 to 9 years to get benefits based on the former spouse's account. Divorced aged and surviving spouses would receive 50% of the applicable current-law PIA percentage if married 5 years, 60% of the applicable PIA percentage if married 6 years, ..., 90% of the applicable PIA percentage if married 9 years. This benefit would be available to divorced spouses on the rolls at the beginning of 2024 and those becoming eligible after 2023.
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 |
|||
| 2022 | 14.05 | 12.79 | -1.26 | 230 | 0.00 | 0.00 | 0.00 | ||
| 2023 | 14.31 | 13.04 | -1.27 | 211 | 0.00 | 0.00 | 0.00 | ||
| 2024 | 14.47 | 12.96 | -1.51 | 194 | 0.02 | 0.00 | -0.02 | ||
| 2025 | 14.68 | 12.97 | -1.71 | 177 | 0.02 | 0.00 | -0.02 | ||
| 2026 | 14.91 | 13.08 | -1.83 | 159 | 0.02 | 0.00 | -0.02 | ||
| 2027 | 15.13 | 13.10 | -2.02 | 142 | 0.02 | 0.00 | -0.02 | ||
| 2028 | 15.35 | 13.14 | -2.21 | 125 | 0.02 | 0.00 | -0.02 | ||
| 2029 | 15.55 | 13.18 | -2.38 | 108 | 0.02 | 0.00 | -0.02 | ||
| 2030 | 15.75 | 13.20 | -2.54 | 91 | 0.02 | 0.00 | -0.02 | ||
| 2031 | 15.93 | 13.23 | -2.70 | 73 | 0.02 | 0.00 | -0.02 | ||
| 2032 | 16.09 | 13.25 | -2.84 | 56 | 0.02 | 0.00 | -0.02 | ||
| 2033 | 16.23 | 13.26 | -2.97 | 38 | 0.02 | 0.00 | -0.02 | ||
| 2034 | 16.35 | 13.27 | -3.08 | 20 | 0.02 | 0.00 | -0.02 | ||
| 2035 | 16.44 | 13.27 | -3.17 | 2 | 0.02 | 0.00 | -0.02 | ||
| 2036 | 16.52 | 13.28 | -3.24 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2037 | 16.60 | 13.29 | -3.31 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2038 | 16.66 | 13.29 | -3.37 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2039 | 16.71 | 13.30 | -3.41 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2040 | 16.74 | 13.30 | -3.44 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2041 | 16.76 | 13.30 | -3.46 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2042 | 16.79 | 13.30 | -3.48 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2043 | 16.80 | 13.31 | -3.50 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2044 | 16.82 | 13.31 | -3.52 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2045 | 16.84 | 13.31 | -3.53 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2046 | 16.86 | 13.31 | -3.55 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2047 | 16.88 | 13.31 | -3.57 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2048 | 16.91 | 13.32 | -3.59 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2049 | 16.93 | 13.32 | -3.62 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2050 | 16.97 | 13.32 | -3.65 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2051 | 17.00 | 13.32 | -3.67 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2052 | 17.03 | 13.33 | -3.70 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2053 | 17.07 | 13.33 | -3.74 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2054 | 17.11 | 13.33 | -3.78 | ---- | 0.02 | 0.00 | -0.01 | ||
| 2055 | 17.16 | 13.34 | -3.83 | ---- | 0.02 | 0.00 | -0.01 | ||
| 2056 | 17.22 | 13.34 | -3.88 | ---- | 0.02 | 0.00 | -0.01 | ||
| 2057 | 17.28 | 13.35 | -3.93 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2058 | 17.34 | 13.35 | -3.99 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2059 | 17.40 | 13.36 | -4.05 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2060 | 17.47 | 13.36 | -4.10 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2061 | 17.53 | 13.37 | -4.16 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2062 | 17.58 | 13.37 | -4.21 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2063 | 17.64 | 13.38 | -4.27 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2064 | 17.69 | 13.38 | -4.31 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2065 | 17.74 | 13.38 | -4.36 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2066 | 17.80 | 13.39 | -4.41 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2067 | 17.85 | 13.39 | -4.46 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2068 | 17.90 | 13.40 | -4.51 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2069 | 17.96 | 13.40 | -4.56 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2070 | 18.02 | 13.40 | -4.61 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2071 | 18.07 | 13.41 | -4.66 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2072 | 18.12 | 13.41 | -4.71 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2073 | 18.18 | 13.42 | -4.76 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2074 | 18.22 | 13.42 | -4.80 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2075 | 18.27 | 13.42 | -4.84 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2076 | 18.30 | 13.43 | -4.87 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2077 | 18.32 | 13.43 | -4.90 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2078 | 18.33 | 13.43 | -4.90 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2079 | 18.33 | 13.43 | -4.90 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2080 | 18.31 | 13.43 | -4.88 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2081 | 18.29 | 13.43 | -4.86 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2082 | 18.26 | 13.43 | -4.83 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2083 | 18.22 | 13.42 | -4.79 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2084 | 18.17 | 13.42 | -4.75 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2085 | 18.12 | 13.42 | -4.70 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2086 | 18.06 | 13.42 | -4.64 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2087 | 17.99 | 13.41 | -4.58 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2088 | 17.93 | 13.41 | -4.52 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2089 | 17.86 | 13.40 | -4.46 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2090 | 17.80 | 13.40 | -4.41 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2091 | 17.75 | 13.40 | -4.36 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2092 | 17.71 | 13.39 | -4.32 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2093 | 17.68 | 13.39 | -4.29 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2094 | 17.66 | 13.39 | -4.27 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2095 | 17.65 | 13.39 | -4.26 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2096 | 17.65 | 13.39 | -4.26 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2097 | 17.66 | 13.39 | -4.27 | ---- | 0.01 | 0.00 | -0.01 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2022-2096 | 17.22% | 13.78% | -3.44% | 2035 | 0.02% | 0.00% | -0.02% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2035. |
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Based on Intermediate Assumptions of the 2022 Trustees Report.