Detailed Single Year Tables

Description of Proposed Provision:
Beginning for those newly eligible in 2017, increase the special minimum benefit to 100 of poverty by: (a) The number of years of work (YOWs) is determined as total quarters of coverage divided by 4, ignoring any fraction. Up to 5 additional years with a child under 6. (b) Set the PIA for 30+ YOWs equal to 100 percent of the monthly HHS poverty level for the year prior to eligibility. For workers between 11 and 29 YOWs, reduce the special minimum by 3 1/3 percentage points per YOW so that at 29 YOWs the minimum would be 96 2/3% of poverty, ..., down to 11 YOWs at 36 2/3% of poverty. No minimum for 10 or fewer YOWs.

			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	-1.09	262	0.01	0.00	-0.01
2019	14.16	12.95	-1.21	248	0.01	0.00	-0.01
2020	14.34	12.96	-1.38	233	0.01	0.00	-0.01
2021	14.52	12.98	-1.54	218	0.02	0.00	-0.01
2022	14.75	13.01	-1.74	203	0.02	0.00	-0.02
2023	15.02	13.03	-1.99	187	0.02	0.00	-0.02
2024	15.30	13.05	-2.25	170	0.02	0.00	-0.02
2025	15.57	13.07	-2.50	153	0.03	0.00	-0.02
2026	15.82	13.09	-2.73	136	0.03	0.00	-0.03
2027	16.05	13.11	-2.95	118	0.03	0.00	-0.03
2028	16.27	13.12	-3.15	100	0.03	0.00	-0.03
2029	16.47	13.14	-3.33	81	0.03	0.00	-0.03
2030	16.64	13.15	-3.49	62	0.03	0.00	-0.03
2031	16.78	13.16	-3.62	42	0.03	0.00	-0.03
2032	16.90	13.17	-3.73	21	0.03	0.00	-0.03
2033	16.99	13.18	-3.81	----	0.03	0.00	-0.03
2034	17.07	13.18	-3.89	----	0.03	0.00	-0.03
2035	17.13	13.19	-3.94	----	0.04	0.00	-0.03
2036	17.16	13.19	-3.97	----	0.04	0.00	-0.03
2037	17.18	13.20	-3.98	----	0.04	0.00	-0.03
2038	17.17	13.20	-3.98	----	0.04	0.00	-0.03
2039	17.15	13.20	-3.95	----	0.04	0.00	-0.03
2040	17.12	13.20	-3.92	----	0.04	0.00	-0.03
2041	17.09	13.20	-3.89	----	0.04	0.00	-0.03
2042	17.05	13.20	-3.85	----	0.04	0.00	-0.03
2043	17.02	13.20	-3.82	----	0.04	0.00	-0.03
2044	16.99	13.20	-3.79	----	0.04	0.00	-0.03
2045	16.98	13.20	-3.78	----	0.04	0.00	-0.03
2046	16.96	13.20	-3.76	----	0.04	0.00	-0.03
2047	16.95	13.20	-3.75	----	0.04	0.00	-0.03
2048	16.94	13.20	-3.74	----	0.03	0.00	-0.03
2049	16.93	13.20	-3.72	----	0.03	0.00	-0.03
2050	16.92	13.20	-3.72	----	0.03	0.00	-0.03
2051	16.93	13.20	-3.72	----	0.03	0.00	-0.03
2052	16.94	13.21	-3.74	----	0.03	0.00	-0.03
2053	16.97	13.21	-3.76	----	0.03	0.00	-0.03
2054	17.00	13.21	-3.79	----	0.03	0.00	-0.03
2055	17.04	13.21	-3.83	----	0.03	0.00	-0.03
2056	17.09	13.22	-3.87	----	0.03	0.00	-0.03
2057	17.14	13.22	-3.92	----	0.03	0.00	-0.02
2058	17.19	13.23	-3.96	----	0.02	0.00	-0.02
2059	17.23	13.23	-4.00	----	0.02	0.00	-0.02
2060	17.28	13.23	-4.05	----	0.02	0.00	-0.02
2061	17.33	13.23	-4.09	----	0.02	0.00	-0.02
2062	17.37	13.24	-4.14	----	0.02	0.00	-0.02
2063	17.42	13.24	-4.18	----	0.02	0.00	-0.02
2064	17.47	13.24	-4.22	----	0.02	0.00	-0.02
2065	17.51	13.25	-4.27	----	0.02	0.00	-0.02
2066	17.56	13.25	-4.31	----	0.02	0.00	-0.02
2067	17.61	13.25	-4.36	----	0.02	0.00	-0.02
2068	17.66	13.26	-4.40	----	0.02	0.00	-0.01
2069	17.71	13.26	-4.45	----	0.01	0.00	-0.01
2070	17.75	13.26	-4.49	----	0.01	0.00	-0.01
2071	17.80	13.26	-4.53	----	0.01	0.00	-0.01
2072	17.83	13.27	-4.56	----	0.01	0.00	-0.01
2073	17.86	13.27	-4.59	----	0.01	0.00	-0.01
2074	17.88	13.27	-4.61	----	0.01	0.00	-0.01
2075	17.89	13.27	-4.62	----	0.01	0.00	-0.01
2076	17.90	13.27	-4.63	----	0.01	0.00	-0.01
2077	17.90	13.27	-4.63	----	0.01	0.00	-0.01
2078	17.90	13.27	-4.63	----	0.01	0.00	-0.01
2079	17.90	13.27	-4.63	----	0.01	0.00	-0.01
2080	17.91	13.27	-4.64	----	0.01	0.00	-0.01
2081	17.92	13.27	-4.65	----	0.01	0.00	-0.01
2082	17.94	13.28	-4.67	----	0.01	0.00	-0.01
2083	17.97	13.28	-4.69	----	0.01	0.00	-0.01
2084	18.01	13.28	-4.73	----	0.01	0.00	-0.01
2085	18.05	13.28	-4.77	----	0.01	0.00	-0.01
2086	18.09	13.28	-4.81	----	0.01	0.00	-0.01
2087	18.14	13.29	-4.86	----	0.01	0.00	0.00
2088	18.20	13.29	-4.91	----	0.00	0.00	0.00
2089	18.25	13.29	-4.95	----	0.00	0.00	0.00

				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	16.79%	13.89%	-2.90%	2032	0.02%	0.00%	-0.02%

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