Detailed Single Year Tables
Description of Proposed Provision:
B7.11: Beginning in January 2028, eliminate the retirement earnings test for all beneficiaries under normal retirement age, including retired workers, aged spouses, aged widow(er)s, young spouses with a child in care, young surviving spouses with a child in care, and children.
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 | 15.86 | 13.13 | -2.74 | 111 | 0.28 | 0.02 | -0.26 | ||
| 2029 | 15.94 | 13.15 | -2.79 | 92 | 0.25 | 0.01 | -0.24 | ||
| 2030 | 16.03 | 13.17 | -2.86 | 74 | 0.23 | 0.01 | -0.22 | ||
| 2031 | 16.12 | 13.20 | -2.92 | 55 | 0.21 | 0.01 | -0.20 | ||
| 2032 | 16.19 | 13.21 | -2.98 | 37 | 0.19 | 0.01 | -0.18 | ||
| 2033 | 16.24 | 13.26 | -2.99 | 19 | 0.17 | 0.01 | -0.16 | ||
| 2034 | 16.30 | 13.28 | -3.03 | 1 | 0.16 | 0.01 | -0.15 | ||
| 2035 | 16.37 | 13.29 | -3.09 | — | 0.14 | 0.01 | -0.13 | ||
| 2036 | 16.45 | 13.29 | -3.15 | — | 0.12 | 0.01 | -0.12 | ||
| 2037 | 16.52 | 13.30 | -3.22 | — | 0.11 | 0.01 | -0.10 | ||
| 2038 | 16.57 | 13.31 | -3.27 | — | 0.09 | 0.01 | -0.08 | ||
| 2039 | 16.62 | 13.32 | -3.31 | — | 0.07 | 0.01 | -0.07 | ||
| 2040 | 16.67 | 13.32 | -3.35 | — | 0.06 | 0.01 | -0.06 | ||
| 2041 | 16.70 | 13.32 | -3.37 | — | 0.05 | 0.00 | -0.05 | ||
| 2042 | 16.72 | 13.33 | -3.39 | — | 0.05 | 0.00 | -0.04 | ||
| 2043 | 16.75 | 13.33 | -3.42 | — | 0.04 | 0.00 | -0.04 | ||
| 2044 | 16.78 | 13.34 | -3.44 | — | 0.03 | 0.00 | -0.03 | ||
| 2045 | 16.80 | 13.34 | -3.46 | — | 0.03 | 0.00 | -0.02 | ||
| 2046 | 16.82 | 13.34 | -3.48 | — | 0.02 | 0.00 | -0.02 | ||
| 2047 | 16.85 | 13.34 | -3.50 | — | 0.01 | 0.00 | -0.01 | ||
| 2048 | 16.88 | 13.35 | -3.53 | — | -0.00 | 0.00 | 0.00 | ||
| 2049 | 16.91 | 13.35 | -3.56 | — | -0.01 | 0.00 | 0.01 | ||
| 2050 | 16.95 | 13.36 | -3.60 | — | -0.02 | 0.00 | 0.02 | ||
| 2051 | 17.00 | 13.36 | -3.64 | — | -0.02 | -0.00 | 0.02 | ||
| 2052 | 17.05 | 13.37 | -3.68 | — | -0.03 | -0.00 | 0.03 | ||
| 2053 | 17.11 | 13.37 | -3.74 | — | -0.03 | -0.00 | 0.03 | ||
| 2054 | 17.18 | 13.38 | -3.80 | — | -0.04 | -0.00 | 0.04 | ||
| 2055 | 17.26 | 13.38 | -3.87 | — | -0.04 | -0.00 | 0.04 | ||
| 2056 | 17.33 | 13.39 | -3.94 | — | -0.05 | -0.00 | 0.05 | ||
| 2057 | 17.42 | 13.40 | -4.02 | — | -0.06 | -0.00 | 0.06 | ||
| 2058 | 17.50 | 13.41 | -4.10 | — | -0.07 | -0.00 | 0.06 | ||
| 2059 | 17.59 | 13.41 | -4.17 | — | -0.08 | -0.00 | 0.07 | ||
| 2060 | 17.66 | 13.42 | -4.24 | — | -0.08 | -0.00 | 0.08 | ||
| 2061 | 17.73 | 13.43 | -4.31 | — | -0.09 | -0.00 | 0.08 | ||
| 2062 | 17.80 | 13.43 | -4.37 | — | -0.09 | -0.00 | 0.08 | ||
| 2063 | 17.87 | 13.44 | -4.43 | — | -0.09 | -0.00 | 0.09 | ||
| 2064 | 17.94 | 13.44 | -4.49 | — | -0.09 | -0.00 | 0.09 | ||
| 2065 | 18.01 | 13.45 | -4.56 | — | -0.09 | -0.00 | 0.09 | ||
| 2066 | 18.07 | 13.45 | -4.62 | — | -0.10 | -0.00 | 0.09 | ||
| 2067 | 18.14 | 13.46 | -4.68 | — | -0.10 | -0.00 | 0.09 | ||
| 2068 | 18.21 | 13.47 | -4.74 | — | -0.10 | -0.00 | 0.09 | ||
| 2069 | 18.28 | 13.47 | -4.81 | — | -0.10 | -0.01 | 0.09 | ||
| 2070 | 18.36 | 13.48 | -4.88 | — | -0.10 | -0.01 | 0.10 | ||
| 2071 | 18.43 | 13.48 | -4.94 | — | -0.10 | -0.01 | 0.10 | ||
| 2072 | 18.50 | 13.49 | -5.01 | — | -0.10 | -0.01 | 0.10 | ||
| 2073 | 18.57 | 13.50 | -5.07 | — | -0.11 | -0.01 | 0.10 | ||
| 2074 | 18.63 | 13.50 | -5.13 | — | -0.11 | -0.01 | 0.11 | ||
| 2075 | 18.69 | 13.51 | -5.18 | — | -0.12 | -0.01 | 0.11 | ||
| 2076 | 18.73 | 13.51 | -5.22 | — | -0.12 | -0.01 | 0.11 | ||
| 2077 | 18.77 | 13.51 | -5.26 | — | -0.12 | -0.01 | 0.12 | ||
| 2078 | 18.80 | 13.52 | -5.29 | — | -0.12 | -0.01 | 0.12 | ||
| 2079 | 18.82 | 13.52 | -5.30 | — | -0.12 | -0.01 | 0.12 | ||
| 2080 | 18.83 | 13.52 | -5.31 | — | -0.13 | -0.01 | 0.12 | ||
| 2081 | 18.83 | 13.52 | -5.31 | — | -0.13 | -0.01 | 0.12 | ||
| 2082 | 18.82 | 13.52 | -5.30 | — | -0.13 | -0.01 | 0.12 | ||
| 2083 | 18.80 | 13.52 | -5.28 | — | -0.14 | -0.01 | 0.13 | ||
| 2084 | 18.77 | 13.52 | -5.25 | — | -0.14 | -0.01 | 0.13 | ||
| 2085 | 18.73 | 13.52 | -5.21 | — | -0.14 | -0.01 | 0.13 | ||
| 2086 | 18.68 | 13.52 | -5.16 | — | -0.14 | -0.01 | 0.13 | ||
| 2087 | 18.63 | 13.51 | -5.11 | — | -0.14 | -0.01 | 0.13 | ||
| 2088 | 18.57 | 13.51 | -5.06 | — | -0.14 | -0.01 | 0.13 | ||
| 2089 | 18.51 | 13.51 | -5.00 | — | -0.14 | -0.01 | 0.13 | ||
| 2090 | 18.45 | 13.50 | -4.94 | — | -0.13 | -0.01 | 0.13 | ||
| 2091 | 18.39 | 13.50 | -4.89 | — | -0.13 | -0.01 | 0.12 | ||
| 2092 | 18.34 | 13.49 | -4.84 | — | -0.13 | -0.01 | 0.12 | ||
| 2093 | 18.30 | 13.49 | -4.80 | — | -0.13 | -0.01 | 0.12 | ||
| 2094 | 18.26 | 13.49 | -4.77 | — | -0.12 | -0.01 | 0.12 | ||
| 2095 | 18.24 | 13.49 | -4.75 | — | -0.12 | -0.01 | 0.11 | ||
| 2096 | 18.22 | 13.49 | -4.73 | — | -0.12 | -0.01 | 0.11 | ||
| 2097 | 18.21 | 13.49 | -4.72 | — | -0.12 | -0.01 | 0.11 | ||
| 2098 | 18.21 | 13.49 | -4.72 | — | -0.12 | -0.01 | 0.11 | ||
| 2099 | 18.22 | 13.49 | -4.73 | — | -0.12 | -0.01 | 0.11 | ||
| 2100 | 18.24 | 13.49 | -4.75 | — | -0.11 | -0.01 | 0.11 | ||
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 | 17.59% | 13.79% | -3.80% | 2034 | -0.02% | -0.00% | 0.02% | ||
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.