Detailed Single Year Tables
Description of Proposed Provision:
B4.1: Increase the number of years used to calculate benefits for retirees and survivors (but not for disabled workers) from 35 to 38, phased in over the years 2025-2029.
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 |
|||
| 2024 | 14.71 | 13.03 | -1.68 | 188 | 0.00 | 0.00 | 0.00 | ||
| 2025 | 15.00 | 12.89 | -2.11 | 171 | -0.00 | -0.00 | 0.00 | ||
| 2026 | 15.20 | 13.07 | -2.13 | 152 | -0.00 | -0.00 | 0.00 | ||
| 2027 | 15.36 | 13.11 | -2.25 | 135 | -0.00 | -0.00 | 0.00 | ||
| 2028 | 15.41 | 13.13 | -2.28 | 117 | -0.01 | -0.00 | 0.01 | ||
| 2029 | 15.45 | 13.16 | -2.29 | 101 | -0.01 | -0.00 | 0.01 | ||
| 2030 | 15.50 | 13.18 | -2.33 | 85 | -0.02 | -0.00 | 0.02 | ||
| 2031 | 15.54 | 13.20 | -2.34 | 69 | -0.03 | -0.00 | 0.03 | ||
| 2032 | 15.56 | 13.22 | -2.34 | 53 | -0.05 | -0.00 | 0.04 | ||
| 2033 | 15.60 | 13.26 | -2.34 | 38 | -0.06 | -0.00 | 0.06 | ||
| 2034 | 15.69 | 13.27 | -2.42 | 24 | -0.08 | -0.00 | 0.07 | ||
| 2035 | 15.79 | 13.28 | -2.51 | 8 | -0.10 | -0.01 | 0.09 | ||
| 2036 | 15.87 | 13.29 | -2.59 | — | -0.11 | -0.01 | 0.11 | ||
| 2037 | 15.96 | 13.30 | -2.66 | — | -0.13 | -0.01 | 0.12 | ||
| 2038 | 16.03 | 13.30 | -2.73 | — | -0.15 | -0.01 | 0.14 | ||
| 2039 | 16.09 | 13.31 | -2.78 | — | -0.17 | -0.01 | 0.15 | ||
| 2040 | 16.14 | 13.31 | -2.83 | — | -0.18 | -0.01 | 0.17 | ||
| 2041 | 16.19 | 13.32 | -2.87 | — | -0.20 | -0.01 | 0.18 | ||
| 2042 | 16.22 | 13.32 | -2.90 | — | -0.21 | -0.01 | 0.20 | ||
| 2043 | 16.25 | 13.32 | -2.93 | — | -0.23 | -0.01 | 0.21 | ||
| 2044 | 16.28 | 13.33 | -2.95 | — | -0.24 | -0.02 | 0.23 | ||
| 2045 | 16.30 | 13.33 | -2.97 | — | -0.25 | -0.02 | 0.24 | ||
| 2046 | 16.32 | 13.33 | -2.99 | — | -0.27 | -0.02 | 0.25 | ||
| 2047 | 16.34 | 13.33 | -3.01 | — | -0.28 | -0.02 | 0.26 | ||
| 2048 | 16.37 | 13.34 | -3.03 | — | -0.29 | -0.02 | 0.28 | ||
| 2049 | 16.40 | 13.34 | -3.06 | — | -0.31 | -0.02 | 0.29 | ||
| 2050 | 16.44 | 13.34 | -3.10 | — | -0.32 | -0.02 | 0.30 | ||
| 2051 | 16.48 | 13.35 | -3.13 | — | -0.33 | -0.02 | 0.31 | ||
| 2052 | 16.53 | 13.35 | -3.18 | — | -0.34 | -0.02 | 0.32 | ||
| 2053 | 16.58 | 13.36 | -3.23 | — | -0.35 | -0.02 | 0.33 | ||
| 2054 | 16.64 | 13.36 | -3.28 | — | -0.36 | -0.02 | 0.34 | ||
| 2055 | 16.71 | 13.37 | -3.34 | — | -0.37 | -0.02 | 0.35 | ||
| 2056 | 16.78 | 13.37 | -3.41 | — | -0.38 | -0.02 | 0.35 | ||
| 2057 | 16.86 | 13.38 | -3.48 | — | -0.38 | -0.02 | 0.36 | ||
| 2058 | 16.94 | 13.39 | -3.55 | — | -0.39 | -0.02 | 0.37 | ||
| 2059 | 17.02 | 13.39 | -3.63 | — | -0.40 | -0.03 | 0.37 | ||
| 2060 | 17.10 | 13.40 | -3.70 | — | -0.40 | -0.03 | 0.38 | ||
| 2061 | 17.18 | 13.41 | -3.77 | — | -0.41 | -0.03 | 0.38 | ||
| 2062 | 17.25 | 13.41 | -3.84 | — | -0.41 | -0.03 | 0.38 | ||
| 2063 | 17.31 | 13.42 | -3.90 | — | -0.41 | -0.03 | 0.39 | ||
| 2064 | 17.37 | 13.42 | -3.95 | — | -0.41 | -0.03 | 0.39 | ||
| 2065 | 17.44 | 13.43 | -4.01 | — | -0.42 | -0.03 | 0.39 | ||
| 2066 | 17.50 | 13.43 | -4.07 | — | -0.42 | -0.03 | 0.39 | ||
| 2067 | 17.56 | 13.44 | -4.12 | — | -0.42 | -0.03 | 0.39 | ||
| 2068 | 17.62 | 13.44 | -4.18 | — | -0.42 | -0.03 | 0.39 | ||
| 2069 | 17.69 | 13.45 | -4.24 | — | -0.42 | -0.03 | 0.40 | ||
| 2070 | 17.76 | 13.45 | -4.31 | — | -0.43 | -0.03 | 0.40 | ||
| 2071 | 17.82 | 13.46 | -4.37 | — | -0.43 | -0.03 | 0.40 | ||
| 2072 | 17.88 | 13.46 | -4.42 | — | -0.43 | -0.03 | 0.40 | ||
| 2073 | 17.94 | 13.47 | -4.48 | — | -0.43 | -0.03 | 0.40 | ||
| 2074 | 18.00 | 13.47 | -4.53 | — | -0.43 | -0.03 | 0.40 | ||
| 2075 | 18.05 | 13.48 | -4.57 | — | -0.43 | -0.03 | 0.41 | ||
| 2076 | 18.09 | 13.48 | -4.61 | — | -0.43 | -0.03 | 0.41 | ||
| 2077 | 18.12 | 13.48 | -4.64 | — | -0.44 | -0.03 | 0.41 | ||
| 2078 | 18.15 | 13.48 | -4.66 | — | -0.44 | -0.03 | 0.41 | ||
| 2079 | 18.16 | 13.49 | -4.67 | — | -0.44 | -0.03 | 0.41 | ||
| 2080 | 18.16 | 13.49 | -4.67 | — | -0.44 | -0.03 | 0.41 | ||
| 2081 | 18.15 | 13.49 | -4.67 | — | -0.44 | -0.03 | 0.41 | ||
| 2082 | 18.14 | 13.49 | -4.65 | — | -0.44 | -0.03 | 0.41 | ||
| 2083 | 18.11 | 13.49 | -4.63 | — | -0.43 | -0.03 | 0.41 | ||
| 2084 | 18.08 | 13.48 | -4.60 | — | -0.43 | -0.03 | 0.41 | ||
| 2085 | 18.04 | 13.48 | -4.56 | — | -0.43 | -0.03 | 0.40 | ||
| 2086 | 17.99 | 13.48 | -4.51 | — | -0.43 | -0.03 | 0.40 | ||
| 2087 | 17.93 | 13.48 | -4.46 | — | -0.43 | -0.03 | 0.40 | ||
| 2088 | 17.88 | 13.47 | -4.41 | — | -0.43 | -0.03 | 0.40 | ||
| 2089 | 17.82 | 13.47 | -4.35 | — | -0.43 | -0.03 | 0.40 | ||
| 2090 | 17.77 | 13.46 | -4.30 | — | -0.42 | -0.03 | 0.40 | ||
| 2091 | 17.72 | 13.46 | -4.26 | — | -0.42 | -0.03 | 0.39 | ||
| 2092 | 17.68 | 13.46 | -4.23 | — | -0.42 | -0.03 | 0.39 | ||
| 2093 | 17.66 | 13.46 | -4.20 | — | -0.42 | -0.03 | 0.39 | ||
| 2094 | 17.65 | 13.46 | -4.19 | — | -0.42 | -0.03 | 0.39 | ||
| 2095 | 17.65 | 13.46 | -4.19 | — | -0.42 | -0.03 | 0.39 | ||
| 2096 | 17.66 | 13.46 | -4.20 | — | -0.42 | -0.03 | 0.39 | ||
| 2097 | 17.68 | 13.46 | -4.22 | — | -0.42 | -0.03 | 0.39 | ||
| 2098 | 17.70 | 13.46 | -4.24 | — | -0.42 | -0.03 | 0.39 | ||
| 2099 | 17.74 | 13.46 | -4.28 | — | -0.42 | -0.03 | 0.39 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2024-2098 | 17.00% | 13.78% | -3.22% | 2035 | -0.30% | -0.02% | 0.28% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2035. |
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Based on Intermediate Assumptions of the 2024 Trustees Report.