Detailed Single Year Tables

Level of Monthly Benefits	Description of Proposed Provision: Price indexing of PIA factors beginning with those newly eligible for OASDI benefits in 2021: Reduce factors so that initial benefits grow by inflation rather than by the SSA average wage index.

			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	204	-0.01	0.00	0.01
2023	14.98	13.03	-1.95	188	-0.02	0.00	0.02
2024	15.23	13.05	-2.18	172	-0.05	0.00	0.04
2025	15.47	13.07	-2.40	155	-0.07	0.00	0.07
2026	15.68	13.08	-2.60	139	-0.11	0.00	0.11
2027	15.87	13.10	-2.77	122	-0.16	-0.01	0.15
2028	16.03	13.11	-2.92	105	-0.21	-0.01	0.20
2029	16.16	13.12	-3.04	88	-0.28	-0.01	0.26
2030	16.26	13.13	-3.13	70	-0.35	-0.01	0.33
2031	16.32	13.14	-3.18	52	-0.42	-0.02	0.41
2032	16.36	13.14	-3.21	34	-0.51	-0.02	0.49
2033	16.35	13.15	-3.21	15	-0.60	-0.03	0.57
2034	16.34	13.15	-3.19	----	-0.70	-0.03	0.67
2035	16.29	13.15	-3.14	----	-0.80	-0.04	0.76
2036	16.22	13.15	-3.07	----	-0.90	-0.04	0.86
2037	16.13	13.15	-2.98	----	-1.02	-0.05	0.97
2038	16.01	13.15	-2.86	----	-1.13	-0.05	1.08
2039	15.87	13.14	-2.73	----	-1.25	-0.06	1.19
2040	15.72	13.13	-2.58	----	-1.37	-0.06	1.30
2041	15.56	13.13	-2.43	----	-1.49	-0.07	1.42
2042	15.39	13.12	-2.27	----	-1.62	-0.08	1.55
2043	15.22	13.12	-2.11	----	-1.76	-0.08	1.67
2044	15.06	13.11	-1.95	----	-1.89	-0.09	1.81
2045	14.90	13.10	-1.80	----	-2.04	-0.10	1.94
2046	14.75	13.10	-1.65	----	-2.18	-0.10	2.08
2047	14.58	13.09	-1.50	----	-2.33	-0.11	2.22
2048	14.42	13.08	-1.34	----	-2.48	-0.12	2.36
2049	14.26	13.07	-1.18	----	-2.63	-0.13	2.51
2050	14.10	13.07	-1.04	----	-2.79	-0.13	2.65
2051	13.95	13.06	-0.89	----	-2.94	-0.14	2.80
2052	13.81	13.06	-0.76	----	-3.10	-0.15	2.95
2053	13.68	13.05	-0.63	----	-3.26	-0.16	3.10
2054	13.55	13.04	-0.51	----	-3.42	-0.17	3.25
2055	13.44	13.04	-0.40	----	-3.58	-0.17	3.40
2056	13.32	13.03	-0.29	----	-3.74	-0.18	3.56
2057	13.21	13.03	-0.18	----	-3.90	-0.19	3.71
2058	13.11	13.03	-0.08	----	-4.06	-0.20	3.86
2059	13.00	13.02	0.02	----	-4.21	-0.21	4.00
2060	12.90	13.02	0.12	----	-4.36	-0.21	4.15
2061	12.79	13.01	0.22	----	-4.51	-0.22	4.29
2062	12.69	13.01	0.32	----	-4.66	-0.23	4.43
2063	12.59	13.00	0.41	----	-4.81	-0.24	4.57
2064	12.49	13.00	0.51	----	-4.96	-0.24	4.71
2065	12.40	12.99	0.60	----	-5.10	-0.25	4.85
2066	12.30	12.99	0.69	----	-5.24	-0.26	4.98
2067	12.21	12.99	0.78	----	-5.39	-0.27	5.12
2068	12.12	12.98	0.86	----	-5.53	-0.27	5.25
2069	12.02	12.98	0.95	----	-5.67	-0.28	5.39
2070	11.93	12.97	1.04	----	-5.81	-0.29	5.52
2071	11.84	12.97	1.13	----	-5.94	-0.30	5.65
2072	11.74	12.96	1.22	----	-6.08	-0.30	5.77
2073	11.64	12.96	1.32	----	-6.21	-0.31	5.90
2074	11.54	12.95	1.42	----	-6.33	-0.32	6.02
2075	11.43	12.95	1.52	----	-6.45	-0.32	6.13
2076	11.32	12.94	1.63	----	-6.57	-0.33	6.24
2077	11.21	12.94	1.73	----	-6.69	-0.33	6.35
2078	11.09	12.93	1.84	----	-6.80	-0.34	6.46
2079	10.98	12.93	1.95	----	-6.91	-0.35	6.57
2080	10.87	12.92	2.05	----	-7.03	-0.35	6.68
2081	10.77	12.92	2.15	----	-7.15	-0.36	6.79
2082	10.67	12.91	2.24	----	-7.27	-0.36	6.90
2083	10.57	12.91	2.33	----	-7.39	-0.37	7.02
2084	10.48	12.90	2.42	----	-7.52	-0.38	7.14
2085	10.39	12.90	2.50	----	-7.65	-0.38	7.27
2086	10.31	12.89	2.58	----	-7.78	-0.39	7.39
2087	10.23	12.89	2.66	----	-7.91	-0.40	7.51
2088	10.15	12.89	2.74	----	-8.04	-0.40	7.64
2089	10.07	12.88	2.81	----	-8.17	-0.41	7.76

				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	14.08%	13.76%	-0.32%	2033	-2.69%	-0.13%	2.56%

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: Price indexing of PIA factors beginning with those newly eligible for OASDI benefits in 2021: Reduce factors so that initial benefits grow by inflation rather than by the SSA average wage index.

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates

Description of Proposed Provision:
Price indexing of PIA factors beginning with those newly eligible for OASDI benefits in 2021: Reduce factors so that initial benefits grow by inflation rather than by the SSA average wage index.