Detailed Single Year Tables

Description of Proposed Provision:
Beginning with those newly eligible for OASDI benefits in 2018, multiply all PIA factors each year by 0.991. Stop reductions after 2046. Disabled workers are: (a) not affected prior to normal retirement age; and (b) subject to a proportional reduction in benefits, based on the worker's years of disability, upon conversion to retired-worker beneficiary status. Young survivors (children of deceased workers and surviving spouses with a child in care) are not affected.

			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	14.14	12.94	-1.20	248	0.00	0.00	0.00
2020	14.32	12.96	-1.36	233	-0.01	0.00	0.01
2021	14.48	12.98	-1.50	219	-0.02	0.00	0.02
2022	14.71	13.01	-1.70	204	-0.03	0.00	0.03
2023	14.96	13.03	-1.93	188	-0.05	0.00	0.05
2024	15.21	13.05	-2.16	173	-0.07	0.00	0.07
2025	15.44	13.07	-2.38	156	-0.10	0.00	0.09
2026	15.66	13.08	-2.58	140	-0.13	-0.01	0.13
2027	15.85	13.10	-2.76	123	-0.17	-0.01	0.16
2028	16.03	13.11	-2.92	106	-0.22	-0.01	0.21
2029	16.17	13.12	-3.05	89	-0.27	-0.01	0.25
2030	16.29	13.13	-3.16	71	-0.32	-0.02	0.30
2031	16.37	13.14	-3.23	53	-0.38	-0.02	0.36
2032	16.43	13.14	-3.28	34	-0.44	-0.02	0.41
2033	16.45	13.15	-3.30	15	-0.50	-0.03	0.47
2034	16.47	13.15	-3.31	----	-0.57	-0.03	0.54
2035	16.45	13.15	-3.30	----	-0.64	-0.03	0.61
2036	16.41	13.15	-3.26	----	-0.71	-0.04	0.67
2037	16.36	13.15	-3.20	----	-0.79	-0.04	0.75
2038	16.27	13.15	-3.12	----	-0.86	-0.04	0.82
2039	16.18	13.15	-3.03	----	-0.94	-0.05	0.89
2040	16.06	13.14	-2.92	----	-1.02	-0.05	0.97
2041	15.94	13.14	-2.80	----	-1.11	-0.06	1.05
2042	15.82	13.14	-2.69	----	-1.19	-0.06	1.13
2043	15.70	13.13	-2.57	----	-1.28	-0.07	1.21
2044	15.58	13.13	-2.46	----	-1.37	-0.07	1.30
2045	15.47	13.12	-2.35	----	-1.47	-0.08	1.39
2046	15.36	13.12	-2.25	----	-1.56	-0.08	1.48
2047	15.25	13.11	-2.14	----	-1.66	-0.09	1.58
2048	15.14	13.11	-2.03	----	-1.76	-0.09	1.67
2049	15.03	13.10	-1.93	----	-1.86	-0.10	1.77
2050	14.93	13.10	-1.83	----	-1.96	-0.10	1.86
2051	14.83	13.09	-1.74	----	-2.06	-0.11	1.95
2052	14.75	13.09	-1.66	----	-2.16	-0.11	2.04
2053	14.68	13.09	-1.60	----	-2.25	-0.12	2.13
2054	14.63	13.09	-1.54	----	-2.35	-0.12	2.22
2055	14.58	13.08	-1.50	----	-2.43	-0.13	2.30
2056	14.54	13.08	-1.46	----	-2.52	-0.13	2.38
2057	14.51	13.08	-1.43	----	-2.60	-0.14	2.46
2058	14.49	13.08	-1.40	----	-2.67	-0.14	2.53
2059	14.46	13.08	-1.38	----	-2.74	-0.15	2.60
2060	14.45	13.08	-1.37	----	-2.81	-0.15	2.66
2061	14.44	13.08	-1.36	----	-2.87	-0.15	2.72
2062	14.43	13.08	-1.35	----	-2.93	-0.16	2.77
2063	14.43	13.08	-1.34	----	-2.98	-0.16	2.82
2064	14.43	13.08	-1.34	----	-3.02	-0.16	2.86
2065	14.43	13.08	-1.35	----	-3.07	-0.16	2.90
2066	14.44	13.08	-1.36	----	-3.11	-0.17	2.94
2067	14.45	13.08	-1.37	----	-3.14	-0.17	2.97
2068	14.47	13.09	-1.38	----	-3.18	-0.17	3.01
2069	14.49	13.09	-1.40	----	-3.21	-0.17	3.04
2070	14.50	13.09	-1.42	----	-3.23	-0.17	3.06
2071	14.52	13.09	-1.43	----	-3.26	-0.17	3.08
2072	14.54	13.09	-1.45	----	-3.28	-0.18	3.10
2073	14.55	13.09	-1.46	----	-3.30	-0.18	3.12
2074	14.55	13.09	-1.46	----	-3.31	-0.18	3.13
2075	14.56	13.09	-1.47	----	-3.32	-0.18	3.14
2076	14.56	13.09	-1.47	----	-3.33	-0.18	3.15
2077	14.56	13.09	-1.46	----	-3.34	-0.18	3.16
2078	14.56	13.09	-1.46	----	-3.34	-0.18	3.16
2079	14.56	13.09	-1.46	----	-3.34	-0.18	3.16
2080	14.56	13.09	-1.47	----	-3.34	-0.18	3.16
2081	14.57	13.09	-1.48	----	-3.34	-0.18	3.16
2082	14.59	13.09	-1.49	----	-3.35	-0.18	3.17
2083	14.61	13.10	-1.51	----	-3.35	-0.18	3.17
2084	14.64	13.10	-1.54	----	-3.36	-0.18	3.18
2085	14.67	13.10	-1.57	----	-3.37	-0.18	3.19
2086	14.71	13.10	-1.61	----	-3.38	-0.18	3.20
2087	14.75	13.10	-1.64	----	-3.39	-0.18	3.21
2088	14.79	13.11	-1.68	----	-3.40	-0.18	3.22
2089	14.83	13.11	-1.72	----	-3.41	-0.18	3.23

				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	15.20%	13.81%	-1.39%	2033	-1.57%	-0.08%	1.49%

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