Detailed Single Year Tables

Level of Monthly Benefits	Description of Proposed Provision: Increase the number of years used to calculate benefits for retirees and survivors (but not for disabled workers) from 35 to 38, phased in over the years 2015-2019.

			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	13.96	12.89	-1.07	292	0.00	0.00	0.00
2017	13.96	12.91	-1.05	277	-0.01	0.00	0.01
2018	14.00	12.93	-1.07	263	-0.02	0.00	0.02
2019	14.12	12.94	-1.17	249	-0.03	0.00	0.03
2020	14.29	12.96	-1.33	234	-0.04	0.00	0.04
2021	14.44	12.98	-1.46	220	-0.06	0.00	0.06
2022	14.66	13.01	-1.65	205	-0.08	0.00	0.07
2023	14.91	13.03	-1.88	190	-0.10	0.00	0.09
2024	15.16	13.05	-2.11	174	-0.12	-0.01	0.11
2025	15.40	13.06	-2.34	158	-0.14	-0.01	0.13
2026	15.63	13.08	-2.55	142	-0.16	-0.01	0.15
2027	15.85	13.10	-2.75	125	-0.18	-0.01	0.17
2028	16.05	13.11	-2.94	108	-0.20	-0.01	0.19
2029	16.22	13.12	-3.10	91	-0.22	-0.01	0.20
2030	16.37	13.13	-3.24	72	-0.23	-0.01	0.22
2031	16.50	13.14	-3.35	54	-0.25	-0.01	0.24
2032	16.60	13.15	-3.45	34	-0.26	-0.01	0.25
2033	16.68	13.16	-3.52	14	-0.28	-0.01	0.26
2034	16.74	13.17	-3.58	----	-0.29	-0.01	0.28
2035	16.79	13.17	-3.61	----	-0.30	-0.02	0.29
2036	16.81	13.17	-3.64	----	-0.32	-0.02	0.30
2037	16.82	13.18	-3.64	----	-0.33	-0.02	0.31
2038	16.80	13.18	-3.62	----	-0.34	-0.02	0.32
2039	16.77	13.18	-3.59	----	-0.34	-0.02	0.33
2040	16.74	13.18	-3.56	----	-0.35	-0.02	0.33
2041	16.69	13.18	-3.51	----	-0.36	-0.02	0.34
2042	16.65	13.18	-3.47	----	-0.36	-0.02	0.34
2043	16.61	13.18	-3.43	----	-0.37	-0.02	0.35
2044	16.58	13.18	-3.40	----	-0.37	-0.02	0.35
2045	16.56	13.18	-3.38	----	-0.38	-0.02	0.36
2046	16.55	13.18	-3.37	----	-0.38	-0.02	0.36
2047	16.53	13.18	-3.35	----	-0.39	-0.02	0.37
2048	16.51	13.18	-3.33	----	-0.39	-0.02	0.37
2049	16.50	13.18	-3.32	----	-0.39	-0.02	0.37
2050	16.50	13.18	-3.31	----	-0.40	-0.02	0.37
2051	16.50	13.18	-3.32	----	-0.40	-0.02	0.38
2052	16.51	13.18	-3.33	----	-0.40	-0.02	0.38
2053	16.54	13.19	-3.35	----	-0.40	-0.02	0.38
2054	16.57	13.19	-3.38	----	-0.40	-0.02	0.38
2055	16.61	13.19	-3.42	----	-0.41	-0.02	0.38
2056	16.65	13.19	-3.46	----	-0.41	-0.02	0.39
2057	16.70	13.20	-3.50	----	-0.41	-0.02	0.39
2058	16.75	13.20	-3.55	----	-0.41	-0.02	0.39
2059	16.80	13.21	-3.59	----	-0.41	-0.02	0.39
2060	16.84	13.21	-3.64	----	-0.41	-0.02	0.39
2061	16.89	13.21	-3.68	----	-0.42	-0.02	0.39
2062	16.94	13.21	-3.72	----	-0.42	-0.02	0.39
2063	16.98	13.22	-3.77	----	-0.42	-0.02	0.40
2064	17.03	13.22	-3.81	----	-0.42	-0.02	0.40
2065	17.08	13.22	-3.85	----	-0.42	-0.02	0.40
2066	17.13	13.23	-3.90	----	-0.42	-0.02	0.40
2067	17.17	13.23	-3.94	----	-0.42	-0.02	0.40
2068	17.22	13.23	-3.99	----	-0.42	-0.02	0.40
2069	17.27	13.24	-4.03	----	-0.42	-0.02	0.40
2070	17.31	13.24	-4.08	----	-0.43	-0.02	0.40
2071	17.36	13.24	-4.11	----	-0.43	-0.02	0.40
2072	17.39	13.24	-4.15	----	-0.43	-0.02	0.40
2073	17.42	13.25	-4.17	----	-0.43	-0.02	0.40
2074	17.44	13.25	-4.19	----	-0.43	-0.02	0.40
2075	17.45	13.25	-4.21	----	-0.43	-0.02	0.40
2076	17.46	13.25	-4.21	----	-0.43	-0.02	0.40
2077	17.47	13.25	-4.22	----	-0.43	-0.02	0.40
2078	17.47	13.25	-4.22	----	-0.43	-0.02	0.40
2079	17.47	13.25	-4.22	----	-0.43	-0.02	0.40
2080	17.48	13.25	-4.23	----	-0.43	-0.02	0.40
2081	17.49	13.25	-4.24	----	-0.43	-0.02	0.40
2082	17.51	13.25	-4.26	----	-0.43	-0.02	0.40
2083	17.54	13.25	-4.29	----	-0.43	-0.02	0.40
2084	17.57	13.26	-4.32	----	-0.43	-0.02	0.40
2085	17.62	13.26	-4.36	----	-0.43	-0.02	0.40
2086	17.66	13.26	-4.40	----	-0.43	-0.02	0.40
2087	17.71	13.26	-4.45	----	-0.43	-0.02	0.41
2088	17.76	13.27	-4.49	----	-0.43	-0.02	0.41
2089	17.81	13.27	-4.54	----	-0.43	-0.02	0.41

				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	16.47%	13.87%	-2.59%	2033	-0.30%	-0.02%	0.29%

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


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Detailed Single Year Tables

Description of Proposed Provision: Increase the number of years used to calculate benefits for retirees and survivors (but not for disabled workers) from 35 to 38, phased in over the years 2015-2019.

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates

Description of Proposed Provision:
Increase the number of years used to calculate benefits for retirees and survivors (but not for disabled workers) from 35 to 38, phased in over the years 2015-2019.