Detailed Single Year Tables

Retirement Age	Description of Proposed Provision: Increase the earliest eligibility age (EEA) by two months per year for those age 62 starting in 2016 and ending in 2033 (EEA reaches 65 for those age 62 in 2033).

			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	13.93	12.89	-1.03	293	-0.04	0.00	0.04
2017	13.89	12.91	-0.98	279	-0.08	0.00	0.09
2018	13.89	12.94	-0.95	266	-0.12	0.01	0.13
2019	13.98	12.95	-1.02	253	-0.17	0.01	0.18
2020	14.11	12.97	-1.15	240	-0.21	0.01	0.23
2021	14.24	12.99	-1.25	227	-0.26	0.01	0.27
2022	14.40	13.03	-1.37	214	-0.33	0.02	0.36
2023	14.61	13.06	-1.55	201	-0.39	0.03	0.42
2024	14.83	13.09	-1.75	187	-0.44	0.04	0.48
2025	15.07	13.11	-1.96	173	-0.47	0.04	0.51
2026	15.30	13.13	-2.16	159	-0.50	0.04	0.54
2027	15.52	13.15	-2.38	144	-0.50	0.04	0.55
2028	15.75	13.16	-2.58	128	-0.50	0.04	0.54
2029	15.97	13.18	-2.79	112	-0.47	0.04	0.51
2030	16.20	13.19	-3.01	95	-0.40	0.05	0.45
2031	16.42	13.21	-3.21	77	-0.33	0.05	0.38
2032	16.60	13.22	-3.38	59	-0.26	0.05	0.32
2033	16.76	13.23	-3.53	39	-0.20	0.06	0.25
2034	16.90	13.24	-3.66	19	-0.14	0.06	0.19
2035	17.01	13.25	-3.76	----	-0.08	0.06	0.14
2036	17.09	13.25	-3.84	----	-0.03	0.06	0.09
2037	17.15	13.25	-3.90	----	0.01	0.06	0.05
2038	17.19	13.26	-3.93	----	0.05	0.06	0.01
2039	17.21	13.26	-3.95	----	0.09	0.06	-0.03
2040	17.22	13.26	-3.95	----	0.13	0.06	-0.07
2041	17.21	13.26	-3.95	----	0.16	0.06	-0.10
2042	17.20	13.26	-3.94	----	0.19	0.07	-0.13
2043	17.20	13.26	-3.93	----	0.22	0.07	-0.15
2044	17.19	13.27	-3.93	----	0.24	0.07	-0.17
2045	17.19	13.27	-3.93	----	0.25	0.07	-0.18
2046	17.20	13.27	-3.93	----	0.27	0.07	-0.20
2047	17.20	13.27	-3.93	----	0.28	0.07	-0.21
2048	17.20	13.27	-3.93	----	0.30	0.07	-0.22
2049	17.21	13.28	-3.93	----	0.31	0.07	-0.24
2050	17.23	13.28	-3.95	----	0.34	0.08	-0.26
2051	17.25	13.28	-3.97	----	0.35	0.08	-0.28
2052	17.28	13.28	-4.00	----	0.37	0.08	-0.29
2053	17.32	13.29	-4.03	----	0.38	0.08	-0.30
2054	17.36	13.29	-4.07	----	0.39	0.08	-0.31
2055	17.41	13.30	-4.12	----	0.40	0.08	-0.32
2056	17.47	13.30	-4.17	----	0.41	0.08	-0.33
2057	17.53	13.30	-4.22	----	0.42	0.08	-0.33
2058	17.58	13.31	-4.27	----	0.42	0.08	-0.34
2059	17.64	13.31	-4.32	----	0.43	0.08	-0.34
2060	17.69	13.32	-4.38	----	0.43	0.08	-0.35
2061	17.74	13.32	-4.42	----	0.44	0.08	-0.35
2062	17.80	13.32	-4.47	----	0.44	0.08	-0.36
2063	17.85	13.32	-4.52	----	0.45	0.08	-0.36
2064	17.91	13.33	-4.58	----	0.46	0.08	-0.37
2065	17.96	13.33	-4.63	----	0.47	0.09	-0.38
2066	18.02	13.34	-4.69	----	0.48	0.09	-0.39
2067	18.08	13.34	-4.74	----	0.48	0.09	-0.40
2068	18.14	13.34	-4.80	----	0.50	0.09	-0.41
2069	18.20	13.35	-4.85	----	0.50	0.09	-0.42
2070	18.25	13.35	-4.90	----	0.51	0.09	-0.42
2071	18.29	13.35	-4.94	----	0.51	0.09	-0.42
2072	18.32	13.35	-4.97	----	0.51	0.09	-0.42
2073	18.35	13.36	-5.00	----	0.51	0.09	-0.42
2074	18.38	13.36	-5.02	----	0.51	0.09	-0.43
2075	18.39	13.36	-5.03	----	0.51	0.09	-0.42
2076	18.40	13.36	-5.04	----	0.51	0.09	-0.42
2077	18.39	13.36	-5.04	----	0.50	0.09	-0.41
2078	18.39	13.36	-5.04	----	0.50	0.08	-0.41
2079	18.39	13.36	-5.04	----	0.50	0.08	-0.41
2080	18.40	13.36	-5.04	----	0.50	0.08	-0.42
2081	18.42	13.36	-5.06	----	0.51	0.09	-0.42
2082	18.45	13.36	-5.09	----	0.51	0.09	-0.43
2083	18.48	13.36	-5.12	----	0.52	0.09	-0.43
2084	18.52	13.37	-5.15	----	0.52	0.09	-0.43
2085	18.57	13.37	-5.20	----	0.52	0.09	-0.43
2086	18.61	13.37	-5.24	----	0.52	0.09	-0.43
2087	18.66	13.38	-5.28	----	0.52	0.09	-0.43
2088	18.72	13.38	-5.34	----	0.52	0.09	-0.43
2089	18.77	13.38	-5.39	----	0.53	0.09	-0.44

				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	16.90%	13.95%	-2.95%	2034	0.13%	0.06%	-0.07%

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 earliest eligibility age (EEA) by two months per year for those age 62 starting in 2016 and ending in 2033 (EEA reaches 65 for those age 62 in 2033).

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates

Description of Proposed Provision:
Increase the earliest eligibility age (EEA) by two months per year for those age 62 starting in 2016 and ending in 2033 (EEA reaches 65 for those age 62 in 2033).