Detailed Single Year Tables
Description of Proposed Provision:
C2.3: Starting for those age 62 in 2026, index the normal retirement age (NRA) to maintain a constant ratio of expected retirement years (life expectancy at NRA) to potential work years (NRA minus 20). We assume the NRA will increase 1 month every 2 years. Also, increase the earliest eligibility age (EEA) by the same amount as the NRA starting for those age 62 in 2026 so as to maintain a 5 year difference between the two ages. Include a "hardship exemption" with no EEA/NRA change for a worker with 25 years of earnings (with 4 quarters of coverage each), and average indexed monthly earnings (AIME) less than 250 percent of the poverty level (wage-indexed from 2013). The hardship exemption is phased out for those with AIME above 400 percent of the poverty level.
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 |
|||
| 2025 | 15.15 | 12.80 | -2.35 | 169 | 0.00 | 0.00 | 0.00 | ||
| 2026 | 15.28 | 13.03 | -2.25 | 149 | -0.00 | 0.00 | 0.00 | ||
| 2027 | 15.47 | 13.08 | -2.38 | 131 | -0.01 | 0.00 | 0.01 | ||
| 2028 | 15.57 | 13.11 | -2.46 | 113 | -0.01 | 0.00 | 0.02 | ||
| 2029 | 15.67 | 13.14 | -2.53 | 96 | -0.02 | 0.00 | 0.02 | ||
| 2030 | 15.77 | 13.16 | -2.61 | 78 | -0.03 | 0.00 | 0.03 | ||
| 2031 | 15.88 | 13.19 | -2.70 | 61 | -0.03 | 0.00 | 0.03 | ||
| 2032 | 15.97 | 13.20 | -2.76 | 44 | -0.04 | 0.00 | 0.04 | ||
| 2033 | 16.03 | 13.25 | -2.78 | 27 | -0.04 | 0.00 | 0.04 | ||
| 2034 | 16.09 | 13.27 | -2.83 | 10 | -0.05 | 0.00 | 0.05 | ||
| 2035 | 16.17 | 13.28 | -2.89 | — | -0.06 | 0.00 | 0.06 | ||
| 2036 | 16.26 | 13.29 | -2.97 | — | -0.07 | 0.00 | 0.07 | ||
| 2037 | 16.34 | 13.30 | -3.04 | — | -0.08 | 0.00 | 0.08 | ||
| 2038 | 16.40 | 13.30 | -3.09 | — | -0.09 | 0.00 | 0.09 | ||
| 2039 | 16.45 | 13.31 | -3.14 | — | -0.11 | 0.00 | 0.11 | ||
| 2040 | 16.48 | 13.32 | -3.17 | — | -0.12 | 0.00 | 0.12 | ||
| 2041 | 16.51 | 13.32 | -3.19 | — | -0.14 | -0.00 | 0.14 | ||
| 2042 | 16.52 | 13.32 | -3.20 | — | -0.15 | -0.00 | 0.15 | ||
| 2043 | 16.54 | 13.33 | -3.21 | — | -0.17 | -0.00 | 0.17 | ||
| 2044 | 16.56 | 13.33 | -3.23 | — | -0.19 | -0.00 | 0.19 | ||
| 2045 | 16.57 | 13.33 | -3.24 | — | -0.20 | -0.00 | 0.20 | ||
| 2046 | 16.58 | 13.34 | -3.25 | — | -0.22 | -0.00 | 0.22 | ||
| 2047 | 16.60 | 13.34 | -3.26 | — | -0.24 | -0.00 | 0.24 | ||
| 2048 | 16.62 | 13.34 | -3.28 | — | -0.26 | -0.00 | 0.25 | ||
| 2049 | 16.65 | 13.35 | -3.30 | — | -0.28 | -0.00 | 0.27 | ||
| 2050 | 16.67 | 13.35 | -3.32 | — | -0.30 | -0.00 | 0.29 | ||
| 2051 | 16.70 | 13.36 | -3.35 | — | -0.32 | -0.00 | 0.31 | ||
| 2052 | 16.74 | 13.36 | -3.38 | — | -0.34 | -0.00 | 0.34 | ||
| 2053 | 16.78 | 13.37 | -3.42 | — | -0.36 | -0.01 | 0.36 | ||
| 2054 | 16.83 | 13.37 | -3.46 | — | -0.39 | -0.01 | 0.38 | ||
| 2055 | 16.89 | 13.38 | -3.51 | — | -0.41 | -0.01 | 0.40 | ||
| 2056 | 16.95 | 13.39 | -3.56 | — | -0.44 | -0.01 | 0.43 | ||
| 2057 | 17.02 | 13.39 | -3.62 | — | -0.46 | -0.01 | 0.45 | ||
| 2058 | 17.09 | 13.40 | -3.69 | — | -0.48 | -0.01 | 0.48 | ||
| 2059 | 17.16 | 13.41 | -3.75 | — | -0.50 | -0.01 | 0.50 | ||
| 2060 | 17.22 | 13.41 | -3.80 | — | -0.52 | -0.01 | 0.52 | ||
| 2061 | 17.28 | 13.42 | -3.86 | — | -0.54 | -0.01 | 0.53 | ||
| 2062 | 17.34 | 13.43 | -3.91 | — | -0.56 | -0.01 | 0.55 | ||
| 2063 | 17.39 | 13.43 | -3.96 | — | -0.58 | -0.01 | 0.57 | ||
| 2064 | 17.43 | 13.44 | -4.00 | — | -0.60 | -0.01 | 0.59 | ||
| 2065 | 17.48 | 13.44 | -4.04 | — | -0.62 | -0.01 | 0.61 | ||
| 2066 | 17.52 | 13.45 | -4.08 | — | -0.64 | -0.01 | 0.63 | ||
| 2067 | 17.57 | 13.45 | -4.12 | — | -0.67 | -0.01 | 0.65 | ||
| 2068 | 17.62 | 13.46 | -4.16 | — | -0.69 | -0.01 | 0.68 | ||
| 2069 | 17.67 | 13.46 | -4.20 | — | -0.71 | -0.01 | 0.70 | ||
| 2070 | 17.72 | 13.47 | -4.25 | — | -0.74 | -0.02 | 0.72 | ||
| 2071 | 17.77 | 13.47 | -4.30 | — | -0.76 | -0.02 | 0.74 | ||
| 2072 | 17.82 | 13.48 | -4.34 | — | -0.78 | -0.02 | 0.76 | ||
| 2073 | 17.87 | 13.49 | -4.39 | — | -0.80 | -0.02 | 0.78 | ||
| 2074 | 17.92 | 13.49 | -4.43 | — | -0.82 | -0.02 | 0.80 | ||
| 2075 | 17.97 | 13.50 | -4.47 | — | -0.83 | -0.02 | 0.82 | ||
| 2076 | 18.00 | 13.50 | -4.50 | — | -0.85 | -0.02 | 0.83 | ||
| 2077 | 18.03 | 13.50 | -4.52 | — | -0.87 | -0.02 | 0.85 | ||
| 2078 | 18.05 | 13.51 | -4.54 | — | -0.88 | -0.02 | 0.86 | ||
| 2079 | 18.05 | 13.51 | -4.54 | — | -0.90 | -0.02 | 0.88 | ||
| 2080 | 18.05 | 13.51 | -4.54 | — | -0.91 | -0.02 | 0.89 | ||
| 2081 | 18.03 | 13.51 | -4.52 | — | -0.93 | -0.02 | 0.91 | ||
| 2082 | 18.01 | 13.51 | -4.50 | — | -0.94 | -0.02 | 0.92 | ||
| 2083 | 17.98 | 13.51 | -4.47 | — | -0.96 | -0.02 | 0.94 | ||
| 2084 | 17.94 | 13.51 | -4.43 | — | -0.97 | -0.02 | 0.95 | ||
| 2085 | 17.89 | 13.50 | -4.38 | — | -0.98 | -0.02 | 0.96 | ||
| 2086 | 17.83 | 13.50 | -4.33 | — | -0.99 | -0.02 | 0.96 | ||
| 2087 | 17.77 | 13.50 | -4.27 | — | -0.99 | -0.02 | 0.97 | ||
| 2088 | 17.70 | 13.49 | -4.21 | — | -1.00 | -0.02 | 0.98 | ||
| 2089 | 17.62 | 13.49 | -4.13 | — | -1.02 | -0.02 | 0.99 | ||
| 2090 | 17.54 | 13.48 | -4.06 | — | -1.04 | -0.02 | 1.01 | ||
| 2091 | 17.47 | 13.48 | -3.99 | — | -1.05 | -0.02 | 1.03 | ||
| 2092 | 17.40 | 13.48 | -3.92 | — | -1.07 | -0.02 | 1.04 | ||
| 2093 | 17.33 | 13.47 | -3.86 | — | -1.09 | -0.02 | 1.07 | ||
| 2094 | 17.27 | 13.47 | -3.80 | — | -1.11 | -0.02 | 1.09 | ||
| 2095 | 17.22 | 13.47 | -3.75 | — | -1.14 | -0.03 | 1.11 | ||
| 2096 | 17.17 | 13.47 | -3.70 | — | -1.17 | -0.03 | 1.15 | ||
| 2097 | 17.13 | 13.47 | -3.66 | — | -1.20 | -0.03 | 1.17 | ||
| 2098 | 17.11 | 13.47 | -3.64 | — | -1.22 | -0.03 | 1.19 | ||
| 2099 | 17.10 | 13.47 | -3.63 | — | -1.24 | -0.03 | 1.21 | ||
| 2100 | 17.10 | 13.47 | -3.64 | — | -1.25 | -0.03 | 1.22 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2025-2099 | 17.11% | 13.78% | -3.33% | 2034 | -0.51% | -0.01% | 0.50% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2034. |
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Based on Intermediate Assumptions of the 2025 Trustees Report.