Detailed Single Year Tables
Description of Proposed Provision:
E3.17: Beginning in 2026, increase the taxable maximum by twice the rate of increase in the national Average Wage Index, but never by less than 3 percent. Provide benefit credit for earnings up to the revised taxable maximum levels.
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 | 13.15 | -2.05 | 152 | 0.00 | 0.08 | 0.08 | ||
| 2027 | 15.36 | 13.26 | -2.10 | 135 | -0.00 | 0.15 | 0.15 | ||
| 2028 | 15.42 | 13.36 | -2.05 | 119 | -0.00 | 0.23 | 0.23 | ||
| 2029 | 15.47 | 13.47 | -1.99 | 103 | 0.00 | 0.31 | 0.31 | ||
| 2030 | 15.53 | 13.57 | -1.96 | 89 | 0.00 | 0.39 | 0.39 | ||
| 2031 | 15.58 | 13.67 | -1.91 | 75 | 0.00 | 0.46 | 0.46 | ||
| 2032 | 15.60 | 13.76 | -1.85 | 63 | 0.00 | 0.54 | 0.53 | ||
| 2033 | 15.66 | 13.86 | -1.80 | 50 | 0.00 | 0.60 | 0.60 | ||
| 2034 | 15.78 | 13.94 | -1.84 | 39 | 0.00 | 0.66 | 0.66 | ||
| 2035 | 15.89 | 14.01 | -1.88 | 27 | 0.00 | 0.72 | 0.71 | ||
| 2036 | 16.00 | 14.06 | -1.93 | 16 | 0.01 | 0.77 | 0.76 | ||
| 2037 | 16.10 | 14.12 | -1.98 | 4 | 0.01 | 0.82 | 0.81 | ||
| 2038 | 16.19 | 14.17 | -2.01 | — | 0.01 | 0.86 | 0.85 | ||
| 2039 | 16.26 | 14.22 | -2.04 | — | 0.01 | 0.91 | 0.89 | ||
| 2040 | 16.34 | 14.27 | -2.06 | — | 0.02 | 0.95 | 0.93 | ||
| 2041 | 16.40 | 14.32 | -2.08 | — | 0.02 | 0.99 | 0.97 | ||
| 2042 | 16.46 | 14.37 | -2.09 | — | 0.03 | 1.03 | 1.01 | ||
| 2043 | 16.51 | 14.41 | -2.10 | — | 0.03 | 1.07 | 1.04 | ||
| 2044 | 16.55 | 14.45 | -2.10 | — | 0.03 | 1.11 | 1.08 | ||
| 2045 | 16.59 | 14.49 | -2.10 | — | 0.04 | 1.15 | 1.11 | ||
| 2046 | 16.63 | 14.53 | -2.10 | — | 0.05 | 1.18 | 1.14 | ||
| 2047 | 16.68 | 14.57 | -2.11 | — | 0.05 | 1.22 | 1.16 | ||
| 2048 | 16.73 | 14.61 | -2.12 | — | 0.06 | 1.25 | 1.19 | ||
| 2049 | 16.78 | 14.65 | -2.13 | — | 0.07 | 1.29 | 1.22 | ||
| 2050 | 16.84 | 14.68 | -2.16 | — | 0.08 | 1.32 | 1.24 | ||
| 2051 | 16.90 | 14.72 | -2.18 | — | 0.09 | 1.35 | 1.26 | ||
| 2052 | 16.97 | 14.75 | -2.21 | — | 0.10 | 1.38 | 1.28 | ||
| 2053 | 17.04 | 14.79 | -2.25 | — | 0.11 | 1.41 | 1.30 | ||
| 2054 | 17.12 | 14.82 | -2.30 | — | 0.12 | 1.44 | 1.32 | ||
| 2055 | 17.21 | 14.86 | -2.35 | — | 0.14 | 1.47 | 1.34 | ||
| 2056 | 17.31 | 14.90 | -2.41 | — | 0.15 | 1.50 | 1.35 | ||
| 2057 | 17.41 | 14.93 | -2.48 | — | 0.16 | 1.53 | 1.36 | ||
| 2058 | 17.51 | 14.97 | -2.54 | — | 0.18 | 1.55 | 1.38 | ||
| 2059 | 17.61 | 15.00 | -2.61 | — | 0.19 | 1.58 | 1.39 | ||
| 2060 | 17.71 | 15.03 | -2.68 | — | 0.21 | 1.61 | 1.40 | ||
| 2061 | 17.80 | 15.06 | -2.74 | — | 0.22 | 1.63 | 1.41 | ||
| 2062 | 17.89 | 15.09 | -2.80 | — | 0.24 | 1.66 | 1.42 | ||
| 2063 | 17.98 | 15.12 | -2.85 | — | 0.25 | 1.68 | 1.43 | ||
| 2064 | 18.06 | 15.15 | -2.90 | — | 0.27 | 1.71 | 1.44 | ||
| 2065 | 18.14 | 15.18 | -2.96 | — | 0.29 | 1.73 | 1.44 | ||
| 2066 | 18.22 | 15.21 | -3.01 | — | 0.30 | 1.75 | 1.45 | ||
| 2067 | 18.30 | 15.24 | -3.06 | — | 0.32 | 1.77 | 1.45 | ||
| 2068 | 18.38 | 15.26 | -3.12 | — | 0.34 | 1.79 | 1.46 | ||
| 2069 | 18.47 | 15.29 | -3.18 | — | 0.35 | 1.81 | 1.46 | ||
| 2070 | 18.56 | 15.31 | -3.24 | — | 0.37 | 1.84 | 1.46 | ||
| 2071 | 18.64 | 15.34 | -3.30 | — | 0.39 | 1.86 | 1.46 | ||
| 2072 | 18.72 | 15.36 | -3.36 | — | 0.41 | 1.87 | 1.47 | ||
| 2073 | 18.80 | 15.39 | -3.41 | — | 0.43 | 1.90 | 1.47 | ||
| 2074 | 18.88 | 15.41 | -3.46 | — | 0.44 | 1.92 | 1.47 | ||
| 2075 | 18.95 | 15.44 | -3.51 | — | 0.46 | 1.93 | 1.47 | ||
| 2076 | 19.00 | 15.46 | -3.54 | — | 0.48 | 1.95 | 1.47 | ||
| 2077 | 19.06 | 15.48 | -3.57 | — | 0.50 | 1.97 | 1.48 | ||
| 2078 | 19.09 | 15.50 | -3.59 | — | 0.51 | 1.99 | 1.48 | ||
| 2079 | 19.12 | 15.52 | -3.60 | — | 0.53 | 2.01 | 1.48 | ||
| 2080 | 19.14 | 15.54 | -3.60 | — | 0.54 | 2.02 | 1.48 | ||
| 2081 | 19.14 | 15.56 | -3.59 | — | 0.55 | 2.04 | 1.49 | ||
| 2082 | 19.14 | 15.57 | -3.57 | — | 0.57 | 2.06 | 1.49 | ||
| 2083 | 19.13 | 15.59 | -3.54 | — | 0.58 | 2.07 | 1.49 | ||
| 2084 | 19.11 | 15.60 | -3.50 | — | 0.59 | 2.09 | 1.50 | ||
| 2085 | 19.07 | 15.61 | -3.46 | — | 0.60 | 2.10 | 1.50 | ||
| 2086 | 19.03 | 15.62 | -3.41 | — | 0.61 | 2.12 | 1.51 | ||
| 2087 | 18.99 | 15.64 | -3.35 | — | 0.62 | 2.13 | 1.51 | ||
| 2088 | 18.93 | 15.65 | -3.29 | — | 0.63 | 2.15 | 1.52 | ||
| 2089 | 18.88 | 15.66 | -3.23 | — | 0.64 | 2.16 | 1.52 | ||
| 2090 | 18.84 | 15.67 | -3.17 | — | 0.65 | 2.17 | 1.53 | ||
| 2091 | 18.80 | 15.67 | -3.12 | — | 0.65 | 2.19 | 1.53 | ||
| 2092 | 18.77 | 15.68 | -3.08 | — | 0.66 | 2.20 | 1.54 | ||
| 2093 | 18.75 | 15.70 | -3.05 | — | 0.67 | 2.21 | 1.54 | ||
| 2094 | 18.75 | 15.71 | -3.04 | — | 0.68 | 2.22 | 1.55 | ||
| 2095 | 18.75 | 15.72 | -3.04 | — | 0.69 | 2.24 | 1.55 | ||
| 2096 | 18.77 | 15.73 | -3.04 | — | 0.70 | 2.25 | 1.55 | ||
| 2097 | 18.80 | 15.75 | -3.05 | — | 0.71 | 2.26 | 1.55 | ||
| 2098 | 18.84 | 15.76 | -3.08 | — | 0.71 | 2.27 | 1.56 | ||
| 2099 | 18.88 | 15.77 | -3.11 | — | 0.72 | 2.28 | 1.56 | ||
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 | 17.55% | 15.18% | -2.36% | 2037 | 0.25% | 1.38% | 1.13% | ||
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.