Detailed Single Year Tables
Description of Proposed Provision:
B3.13: For retired worker beneficiaries newly eligible in 2032 (excluding disabled workers), add a new bend point at the wage-indexed equivalent of the 50th percentile of the AIME distribution minus $100 (for 2015 eligibility) and change the PIA factors to 95/32/15/5. Also move the current-law first bend point from the wage-indexed equivalent of $1,226 in 2025 to $1,559 in 2025. Phase this provision in over 10 years (2032-2041). The phase-in would work on a weighted-average basis: 90% of CL formula + 10% of proposal formula for 2032, 80% of CL formula + 20% of proposal formula for 2033, and so on.
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 | 15.29 | 13.03 | -2.25 | 149 | 0.00 | 0.00 | 0.00 | ||
| 2027 | 15.48 | 13.08 | -2.39 | 131 | 0.00 | 0.00 | 0.00 | ||
| 2028 | 15.59 | 13.11 | -2.48 | 113 | 0.00 | 0.00 | 0.00 | ||
| 2029 | 15.69 | 13.14 | -2.55 | 95 | 0.00 | 0.00 | 0.00 | ||
| 2030 | 15.80 | 13.16 | -2.64 | 78 | 0.00 | 0.00 | 0.00 | ||
| 2031 | 15.91 | 13.18 | -2.73 | 60 | 0.00 | 0.00 | 0.00 | ||
| 2032 | 16.00 | 13.20 | -2.80 | 43 | 0.00 | 0.00 | -0.00 | ||
| 2033 | 16.07 | 13.24 | -2.83 | 26 | 0.00 | 0.00 | -0.00 | ||
| 2034 | 16.15 | 13.27 | -2.88 | 8 | 0.00 | 0.00 | -0.00 | ||
| 2035 | 16.23 | 13.28 | -2.96 | — | 0.00 | 0.00 | -0.00 | ||
| 2036 | 16.33 | 13.29 | -3.04 | — | 0.01 | 0.00 | -0.01 | ||
| 2037 | 16.42 | 13.30 | -3.13 | — | 0.01 | 0.00 | -0.01 | ||
| 2038 | 16.50 | 13.30 | -3.20 | — | 0.01 | 0.00 | -0.01 | ||
| 2039 | 16.57 | 13.31 | -3.26 | — | 0.01 | 0.00 | -0.01 | ||
| 2040 | 16.62 | 13.32 | -3.30 | — | 0.02 | 0.00 | -0.01 | ||
| 2041 | 16.66 | 13.32 | -3.34 | — | 0.02 | 0.00 | -0.01 | ||
| 2042 | 16.69 | 13.32 | -3.37 | — | 0.01 | 0.00 | -0.01 | ||
| 2043 | 16.72 | 13.33 | -3.39 | — | 0.01 | 0.00 | -0.01 | ||
| 2044 | 16.75 | 13.33 | -3.42 | — | 0.01 | 0.00 | -0.01 | ||
| 2045 | 16.78 | 13.34 | -3.44 | — | 0.00 | 0.00 | -0.00 | ||
| 2046 | 16.80 | 13.34 | -3.46 | — | -0.00 | -0.00 | 0.00 | ||
| 2047 | 16.83 | 13.34 | -3.48 | — | -0.01 | -0.00 | 0.01 | ||
| 2048 | 16.86 | 13.35 | -3.51 | — | -0.02 | -0.00 | 0.02 | ||
| 2049 | 16.89 | 13.35 | -3.54 | — | -0.03 | -0.00 | 0.03 | ||
| 2050 | 16.93 | 13.35 | -3.57 | — | -0.04 | -0.00 | 0.04 | ||
| 2051 | 16.97 | 13.36 | -3.61 | — | -0.05 | -0.00 | 0.05 | ||
| 2052 | 17.01 | 13.36 | -3.65 | — | -0.07 | -0.00 | 0.06 | ||
| 2053 | 17.07 | 13.37 | -3.70 | — | -0.08 | -0.00 | 0.07 | ||
| 2054 | 17.13 | 13.37 | -3.76 | — | -0.09 | -0.01 | 0.08 | ||
| 2055 | 17.20 | 13.38 | -3.82 | — | -0.10 | -0.01 | 0.09 | ||
| 2056 | 17.27 | 13.39 | -3.89 | — | -0.11 | -0.01 | 0.10 | ||
| 2057 | 17.35 | 13.39 | -3.96 | — | -0.12 | -0.01 | 0.11 | ||
| 2058 | 17.44 | 13.40 | -4.04 | — | -0.13 | -0.01 | 0.12 | ||
| 2059 | 17.52 | 13.41 | -4.11 | — | -0.14 | -0.01 | 0.13 | ||
| 2060 | 17.59 | 13.41 | -4.18 | — | -0.15 | -0.01 | 0.14 | ||
| 2061 | 17.66 | 13.42 | -4.24 | — | -0.16 | -0.01 | 0.15 | ||
| 2062 | 17.73 | 13.43 | -4.30 | — | -0.17 | -0.01 | 0.16 | ||
| 2063 | 17.79 | 13.43 | -4.36 | — | -0.17 | -0.01 | 0.16 | ||
| 2064 | 17.85 | 13.44 | -4.41 | — | -0.18 | -0.01 | 0.17 | ||
| 2065 | 17.91 | 13.44 | -4.47 | — | -0.19 | -0.01 | 0.17 | ||
| 2066 | 17.98 | 13.45 | -4.53 | — | -0.19 | -0.01 | 0.18 | ||
| 2067 | 18.04 | 13.45 | -4.59 | — | -0.19 | -0.01 | 0.18 | ||
| 2068 | 18.11 | 13.46 | -4.65 | — | -0.20 | -0.01 | 0.19 | ||
| 2069 | 18.18 | 13.46 | -4.71 | — | -0.20 | -0.01 | 0.19 | ||
| 2070 | 18.25 | 13.47 | -4.78 | — | -0.21 | -0.01 | 0.19 | ||
| 2071 | 18.32 | 13.48 | -4.84 | — | -0.21 | -0.01 | 0.19 | ||
| 2072 | 18.39 | 13.48 | -4.91 | — | -0.21 | -0.01 | 0.20 | ||
| 2073 | 18.46 | 13.49 | -4.97 | — | -0.21 | -0.01 | 0.20 | ||
| 2074 | 18.53 | 13.49 | -5.03 | — | -0.21 | -0.01 | 0.20 | ||
| 2075 | 18.59 | 13.50 | -5.09 | — | -0.22 | -0.01 | 0.20 | ||
| 2076 | 18.63 | 13.50 | -5.13 | — | -0.22 | -0.01 | 0.20 | ||
| 2077 | 18.67 | 13.51 | -5.17 | — | -0.22 | -0.01 | 0.21 | ||
| 2078 | 18.70 | 13.51 | -5.20 | — | -0.22 | -0.01 | 0.21 | ||
| 2079 | 18.72 | 13.51 | -5.21 | — | -0.22 | -0.01 | 0.21 | ||
| 2080 | 18.73 | 13.51 | -5.22 | — | -0.22 | -0.01 | 0.21 | ||
| 2081 | 18.73 | 13.51 | -5.22 | — | -0.22 | -0.01 | 0.21 | ||
| 2082 | 18.72 | 13.51 | -5.21 | — | -0.23 | -0.01 | 0.21 | ||
| 2083 | 18.71 | 13.51 | -5.19 | — | -0.23 | -0.01 | 0.21 | ||
| 2084 | 18.68 | 13.51 | -5.17 | — | -0.23 | -0.01 | 0.21 | ||
| 2085 | 18.64 | 13.51 | -5.13 | — | -0.23 | -0.01 | 0.21 | ||
| 2086 | 18.59 | 13.51 | -5.08 | — | -0.23 | -0.01 | 0.21 | ||
| 2087 | 18.54 | 13.51 | -5.03 | — | -0.23 | -0.01 | 0.22 | ||
| 2088 | 18.47 | 13.50 | -4.97 | — | -0.23 | -0.01 | 0.22 | ||
| 2089 | 18.41 | 13.50 | -4.91 | — | -0.23 | -0.01 | 0.22 | ||
| 2090 | 18.35 | 13.49 | -4.85 | — | -0.23 | -0.02 | 0.22 | ||
| 2091 | 18.29 | 13.49 | -4.80 | — | -0.23 | -0.02 | 0.22 | ||
| 2092 | 18.23 | 13.49 | -4.75 | — | -0.23 | -0.02 | 0.22 | ||
| 2093 | 18.19 | 13.48 | -4.70 | — | -0.23 | -0.02 | 0.22 | ||
| 2094 | 18.15 | 13.48 | -4.67 | — | -0.23 | -0.02 | 0.22 | ||
| 2095 | 18.13 | 13.48 | -4.65 | — | -0.23 | -0.02 | 0.22 | ||
| 2096 | 18.11 | 13.48 | -4.63 | — | -0.23 | -0.02 | 0.22 | ||
| 2097 | 18.10 | 13.48 | -4.62 | — | -0.23 | -0.02 | 0.22 | ||
| 2098 | 18.09 | 13.48 | -4.62 | — | -0.23 | -0.02 | 0.22 | ||
| 2099 | 18.10 | 13.48 | -4.62 | — | -0.24 | -0.02 | 0.22 | ||
| 2100 | 18.12 | 13.48 | -4.64 | — | -0.24 | -0.02 | 0.22 | ||
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 | 17.50% | 13.78% | -3.72% | 2034 | -0.11% | -0.01% | 0.10% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2034. |
|||||||||
Based on Intermediate Assumptions of the 2025 Trustees Report.