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Description of Proposed Provision:
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  | Financial Estimates for the OASDI Trust Fund Program |
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Proposal |
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Change from Present Law |
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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 |
Cost rate |
Income rate |
Annual balance |
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2014 | 13.95 | 12.67 | -1.29 | 320 | 0.00 | 0.00 | 0.00 | ||
2015 | 14.05 | 12.92 | -1.13 | 304 | 0.08 | 0.00 | -0.08 | ||
2016 | 14.05 | 12.89 | -1.15 | 290 | 0.08 | 0.00 | -0.07 | ||
2017 | 14.05 | 12.91 | -1.13 | 275 | 0.07 | 0.00 | -0.07 | ||
2018 | 14.09 | 12.93 | -1.16 | 260 | 0.07 | 0.00 | -0.07 | ||
2019 | 14.22 | 12.95 | -1.27 | 245 | 0.07 | 0.00 | -0.07 | ||
2020 | 14.40 | 12.96 | -1.44 | 229 | 0.07 | 0.00 | -0.07 | ||
2021 | 14.57 | 12.98 | -1.59 | 215 | 0.07 | 0.00 | -0.07 | ||
2022 | 14.81 | 13.01 | -1.80 | 199 | 0.07 | 0.00 | -0.07 | ||
2023 | 15.07 | 13.03 | -2.04 | 183 | 0.07 | 0.00 | -0.07 | ||
2024 | 15.35 | 13.05 | -2.29 | 166 | 0.07 | 0.00 | -0.07 | ||
2025 | 15.61 | 13.07 | -2.54 | 149 | 0.07 | 0.00 | -0.07 | ||
2026 | 15.86 | 13.09 | -2.77 | 132 | 0.07 | 0.00 | -0.07 | ||
2027 | 16.10 | 13.11 | -2.99 | 114 | 0.07 | 0.00 | -0.07 | ||
2028 | 16.32 | 13.12 | -3.19 | 95 | 0.07 | 0.00 | -0.07 | ||
2029 | 16.51 | 13.14 | -3.37 | 76 | 0.07 | 0.00 | -0.07 | ||
2030 | 16.67 | 13.15 | -3.53 | 57 | 0.07 | 0.00 | -0.07 | ||
2031 | 16.82 | 13.16 | -3.66 | 37 | 0.07 | 0.00 | -0.07 | ||
2032 | 16.93 | 13.17 | -3.76 | 16 | 0.07 | 0.00 | -0.06 | ||
2033 | 17.02 | 13.18 | -3.84 | ---- | 0.07 | 0.00 | -0.06 | ||
2034 | 17.10 | 13.18 | -3.92 | ---- | 0.07 | 0.00 | -0.07 | ||
2035 | 17.16 | 13.19 | -3.97 | ---- | 0.07 | 0.00 | -0.07 | ||
2036 | 17.20 | 13.19 | -4.00 | ---- | 0.07 | 0.00 | -0.07 | ||
2037 | 17.21 | 13.20 | -4.02 | ---- | 0.07 | 0.00 | -0.07 | ||
2038 | 17.21 | 13.20 | -4.01 | ---- | 0.07 | 0.00 | -0.07 | ||
2039 | 17.19 | 13.20 | -3.99 | ---- | 0.07 | 0.00 | -0.07 | ||
2040 | 17.16 | 13.20 | -3.96 | ---- | 0.07 | 0.00 | -0.07 | ||
2041 | 17.12 | 13.20 | -3.92 | ---- | 0.07 | 0.00 | -0.07 | ||
2042 | 17.09 | 13.20 | -3.89 | ---- | 0.07 | 0.00 | -0.07 | ||
2043 | 17.05 | 13.20 | -3.85 | ---- | 0.07 | 0.00 | -0.07 | ||
2044 | 17.03 | 13.20 | -3.83 | ---- | 0.07 | 0.00 | -0.07 | ||
2045 | 17.01 | 13.20 | -3.81 | ---- | 0.07 | 0.00 | -0.07 | ||
2046 | 17.00 | 13.20 | -3.80 | ---- | 0.07 | 0.00 | -0.07 | ||
2047 | 16.99 | 13.20 | -3.79 | ---- | 0.07 | 0.00 | -0.07 | ||
2048 | 16.98 | 13.20 | -3.77 | ---- | 0.07 | 0.00 | -0.07 | ||
2049 | 16.96 | 13.20 | -3.76 | ---- | 0.07 | 0.00 | -0.07 | ||
2050 | 16.96 | 13.20 | -3.76 | ---- | 0.07 | 0.00 | -0.07 | ||
2051 | 16.97 | 13.21 | -3.76 | ---- | 0.07 | 0.00 | -0.07 | ||
2052 | 16.98 | 13.21 | -3.77 | ---- | 0.07 | 0.00 | -0.07 | ||
2053 | 17.01 | 13.21 | -3.80 | ---- | 0.07 | 0.00 | -0.07 | ||
2054 | 17.04 | 13.21 | -3.83 | ---- | 0.07 | 0.00 | -0.07 | ||
2055 | 17.08 | 13.22 | -3.87 | ---- | 0.07 | 0.00 | -0.07 | ||
2056 | 17.13 | 13.22 | -3.91 | ---- | 0.07 | 0.00 | -0.07 | ||
2057 | 17.18 | 13.22 | -3.96 | ---- | 0.07 | 0.00 | -0.07 | ||
2058 | 17.23 | 13.23 | -4.00 | ---- | 0.07 | 0.00 | -0.07 | ||
2059 | 17.28 | 13.23 | -4.05 | ---- | 0.07 | 0.00 | -0.07 | ||
2060 | 17.33 | 13.23 | -4.09 | ---- | 0.07 | 0.00 | -0.07 | ||
2061 | 17.38 | 13.24 | -4.14 | ---- | 0.07 | 0.00 | -0.07 | ||
2062 | 17.42 | 13.24 | -4.18 | ---- | 0.07 | 0.00 | -0.07 | ||
2063 | 17.47 | 13.24 | -4.23 | ---- | 0.07 | 0.00 | -0.07 | ||
2064 | 17.52 | 13.25 | -4.27 | ---- | 0.07 | 0.00 | -0.07 | ||
2065 | 17.57 | 13.25 | -4.32 | ---- | 0.07 | 0.00 | -0.07 | ||
2066 | 17.62 | 13.25 | -4.36 | ---- | 0.07 | 0.00 | -0.07 | ||
2067 | 17.67 | 13.26 | -4.41 | ---- | 0.07 | 0.00 | -0.07 | ||
2068 | 17.72 | 13.26 | -4.46 | ---- | 0.07 | 0.00 | -0.07 | ||
2069 | 17.76 | 13.26 | -4.50 | ---- | 0.07 | 0.00 | -0.07 | ||
2070 | 17.81 | 13.26 | -4.55 | ---- | 0.07 | 0.00 | -0.07 | ||
2071 | 17.85 | 13.27 | -4.59 | ---- | 0.07 | 0.00 | -0.07 | ||
2072 | 17.89 | 13.27 | -4.62 | ---- | 0.07 | 0.00 | -0.07 | ||
2073 | 17.92 | 13.27 | -4.64 | ---- | 0.07 | 0.00 | -0.07 | ||
2074 | 17.94 | 13.27 | -4.66 | ---- | 0.07 | 0.00 | -0.07 | ||
2075 | 17.95 | 13.27 | -4.68 | ---- | 0.07 | 0.00 | -0.07 | ||
2076 | 17.96 | 13.28 | -4.69 | ---- | 0.07 | 0.00 | -0.07 | ||
2077 | 17.96 | 13.28 | -4.69 | ---- | 0.07 | 0.00 | -0.07 | ||
2078 | 17.96 | 13.28 | -4.69 | ---- | 0.07 | 0.00 | -0.07 | ||
2079 | 17.97 | 13.28 | -4.69 | ---- | 0.07 | 0.00 | -0.07 | ||
2080 | 17.97 | 13.28 | -4.70 | ---- | 0.07 | 0.00 | -0.07 | ||
2081 | 17.98 | 13.28 | -4.71 | ---- | 0.07 | 0.00 | -0.07 | ||
2082 | 18.01 | 13.28 | -4.73 | ---- | 0.07 | 0.00 | -0.07 | ||
2083 | 18.03 | 13.28 | -4.75 | ---- | 0.07 | 0.00 | -0.07 | ||
2084 | 18.07 | 13.28 | -4.79 | ---- | 0.07 | 0.00 | -0.07 | ||
2085 | 18.11 | 13.28 | -4.83 | ---- | 0.07 | 0.00 | -0.07 | ||
2086 | 18.16 | 13.29 | -4.87 | ---- | 0.07 | 0.00 | -0.07 | ||
2087 | 18.21 | 13.29 | -4.92 | ---- | 0.07 | 0.00 | -0.07 | ||
2088 | 18.26 | 13.29 | -4.97 | ---- | 0.07 | 0.00 | -0.07 | ||
2089 | 18.31 | 13.30 | -5.01 | ---- | 0.07 | 0.00 | -0.07 |
  | Summarized Estimates |
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  |
Proposal |
  |
Change from Present Law |
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Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
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Based on Intermediate Assumptions of the 2014 Trustees Report. | |||||||||
2014-2088 | 16.84% | 13.89% | -2.95% | 2032 | 0.07% | 0.00% | -0.07% | ||
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1 Under present law, the year of Trust
Fund reserve depletion is 2033. |
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