Detailed Single Year Tables

Description of Proposed Provision:
Beginning with those newly eligible for OASDI benefits in 2021, create a new bend point at the 50th percentile of the AIME distribution of newly retired workers and gradually reduce all PIA factors except for the 90 percent factor. By 2054: a) the 32 percent PIA factor below the new bend point reduces to 30 percent; b) the 32 percent PIA factor above the new bend point reduces to 10 percent; and c) the 15 percent PIA factor reduces to 5 percent.

			Financial Estimates for the OASDI Trust Fund Program

	Proposal				Change from Present Law
	Expressed as a percentage of present-law taxable payroll			Trust fund ratio as of January 1	Expressed as a percentage of present-law taxable payroll
Calendar year	Cost rate	Income rate	Annual balance	Trust fund ratio as of January 1	Cost rate	Income rate	Annual balance
2014	13.95	12.67	-1.29	320	0.00	0.00	0.00
2015	13.97	12.92	-1.05	306	0.00	0.00	0.00
2016	13.97	12.89	-1.08	292	0.00	0.00	0.00
2017	13.97	12.91	-1.06	277	0.00	0.00	0.00
2018	14.02	12.93	-1.08	262	0.00	0.00	0.00
2019	14.15	12.95	-1.20	248	0.00	0.00	0.00
2020	14.33	12.96	-1.37	233	0.00	0.00	0.00
2021	14.50	12.98	-1.52	219	0.00	0.00	0.00
2022	14.73	13.01	-1.72	203	0.00	0.00	0.00
2023	15.00	13.03	-1.97	188	-0.01	0.00	0.01
2024	15.27	13.05	-2.21	171	-0.01	0.00	0.01
2025	15.52	13.07	-2.45	155	-0.02	0.00	0.02
2026	15.76	13.09	-2.68	137	-0.03	0.00	0.03
2027	15.99	13.10	-2.88	120	-0.04	0.00	0.04
2028	16.19	13.12	-3.07	102	-0.06	0.00	0.05
2029	16.36	13.13	-3.23	84	-0.08	0.00	0.07
2030	16.51	13.14	-3.36	65	-0.10	0.00	0.09
2031	16.62	13.15	-3.47	46	-0.12	-0.01	0.12
2032	16.71	13.16	-3.56	26	-0.15	-0.01	0.14
2033	16.77	13.17	-3.61	5	-0.18	-0.01	0.17
2034	16.82	13.17	-3.65	----	-0.21	-0.01	0.20
2035	16.84	13.17	-3.67	----	-0.25	-0.01	0.23
2036	16.84	13.18	-3.67	----	-0.28	-0.01	0.27
2037	16.82	13.18	-3.64	----	-0.32	-0.02	0.31
2038	16.78	13.18	-3.60	----	-0.36	-0.02	0.34
2039	16.71	13.18	-3.54	----	-0.40	-0.02	0.38
2040	16.64	13.18	-3.46	----	-0.45	-0.02	0.42
2041	16.56	13.17	-3.38	----	-0.49	-0.02	0.47
2042	16.47	13.17	-3.30	----	-0.54	-0.03	0.51
2043	16.39	13.17	-3.22	----	-0.59	-0.03	0.56
2044	16.31	13.17	-3.15	----	-0.64	-0.03	0.61
2045	16.24	13.16	-3.08	----	-0.70	-0.03	0.66
2046	16.17	13.16	-3.01	----	-0.75	-0.04	0.72
2047	16.10	13.16	-2.94	----	-0.81	-0.04	0.77
2048	16.03	13.16	-2.87	----	-0.87	-0.04	0.83
2049	15.96	13.15	-2.80	----	-0.94	-0.05	0.89
2050	15.89	13.15	-2.74	----	-1.00	-0.05	0.95
2051	15.83	13.15	-2.68	----	-1.06	-0.05	1.01
2052	15.78	13.15	-2.63	----	-1.13	-0.06	1.07
2053	15.74	13.15	-2.59	----	-1.20	-0.06	1.14
2054	15.71	13.15	-2.56	----	-1.27	-0.06	1.20
2055	15.68	13.15	-2.53	----	-1.34	-0.07	1.27
2056	15.66	13.15	-2.51	----	-1.41	-0.07	1.33
2057	15.64	13.15	-2.49	----	-1.47	-0.07	1.40
2058	15.62	13.15	-2.47	----	-1.54	-0.08	1.46
2059	15.60	13.15	-2.46	----	-1.61	-0.08	1.53
2060	15.59	13.15	-2.44	----	-1.67	-0.09	1.59
2061	15.58	13.15	-2.43	----	-1.73	-0.09	1.64
2062	15.57	13.15	-2.42	----	-1.79	-0.09	1.70
2063	15.56	13.15	-2.41	----	-1.84	-0.09	1.75
2064	15.55	13.15	-2.41	----	-1.89	-0.10	1.80
2065	15.55	13.15	-2.41	----	-1.94	-0.10	1.84
2066	15.56	13.15	-2.41	----	-1.99	-0.10	1.89
2067	15.56	13.15	-2.42	----	-2.03	-0.10	1.93
2068	15.57	13.15	-2.42	----	-2.07	-0.11	1.97
2069	15.58	13.15	-2.43	----	-2.11	-0.11	2.00
2070	15.59	13.15	-2.44	----	-2.15	-0.11	2.04
2071	15.60	13.15	-2.45	----	-2.18	-0.11	2.07
2072	15.60	13.15	-2.45	----	-2.21	-0.11	2.10
2073	15.60	13.15	-2.45	----	-2.24	-0.12	2.13
2074	15.60	13.15	-2.45	----	-2.27	-0.12	2.15
2075	15.59	13.15	-2.44	----	-2.29	-0.12	2.17
2076	15.58	13.15	-2.43	----	-2.31	-0.12	2.19
2077	15.57	13.15	-2.42	----	-2.32	-0.12	2.20
2078	15.56	13.15	-2.41	----	-2.34	-0.12	2.21
2079	15.55	13.15	-2.40	----	-2.35	-0.12	2.23
2080	15.54	13.15	-2.39	----	-2.36	-0.12	2.24
2081	15.55	13.15	-2.39	----	-2.37	-0.12	2.25
2082	15.56	13.15	-2.40	----	-2.38	-0.12	2.26
2083	15.57	13.15	-2.42	----	-2.39	-0.12	2.27
2084	15.60	13.15	-2.45	----	-2.40	-0.12	2.28
2085	15.63	13.16	-2.48	----	-2.41	-0.13	2.29
2086	15.67	13.16	-2.51	----	-2.42	-0.13	2.30
2087	15.71	13.16	-2.55	----	-2.43	-0.13	2.31
2088	15.75	13.16	-2.59	----	-2.44	-0.13	2.32
2089	15.79	13.16	-2.63	----	-2.45	-0.13	2.32

				Summarized Estimates

	Proposal				Change from Present Law
Years	Cost rate	Income rate	Actuarial balance	Year of reserve depletion¹	Cost rate	Income rate	Actuarial balance

Based on Intermediate Assumptions of the 2014 Trustees Report.
2014-2088	15.83%	13.84%	-1.99%	2033	-0.94%	-0.05%	0.89%

¹ Under present law, the year of Trust Fund reserve depletion is 2033.


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Detailed Single Year Tables

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates