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Detailed Single Year Tables

Description of Proposed Provision:
D5: Limit the spousal benefit to that received by the spouse of the 75th percentile career-average worker, beginning with retired workers newly eligible in 2023. For future cohorts, this limit would be indexed for inflation annually using chain weighted CPI-U. The provision affects divorced spouses and young spouses (retired workers) but not spouses of disabled workers.

 

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

Cost
rate
Income
rate
Annual
balance
201614.0512.94-1.10
303
0.000.000.00
201713.7212.92-0.80
293
0.000.000.00
201813.8612.96-0.90
277
0.000.000.00
201913.9912.97-1.02
262
0.000.000.00
202014.1312.98-1.15
246
0.000.000.00
202114.2713.00-1.27
231
0.000.000.00
202214.4913.03-1.46
216
0.000.000.00
202314.7113.06-1.65
200
-0.050.000.05
202414.9713.09-1.88
184
-0.050.000.05
202515.2313.11-2.12
167
-0.050.000.05
202615.4213.12-2.29
150
-0.050.000.05
202715.5913.14-2.45
133
-0.050.000.05
202815.7613.15-2.61
117
-0.050.000.05
202915.9113.17-2.74
100
-0.060.000.05
203016.0513.18-2.87
83
-0.060.000.05
203116.1613.19-2.98
66
-0.060.000.06
203216.2713.20-3.07
49
-0.060.000.06
203316.3513.20-3.14
31
-0.060.000.06
203416.4013.21-3.19
12
-0.060.000.06
203516.4313.21-3.22
----
-0.070.000.06
203616.4913.22-3.27
----
-0.070.000.07
203716.5313.22-3.30
----
-0.070.000.07
203816.5413.23-3.31
----
-0.080.000.07
203916.5313.23-3.30
----
-0.080.000.08
204016.5113.23-3.28
----
-0.080.000.08
204116.4713.23-3.25
----
-0.090.000.08
204216.4413.23-3.22
----
-0.09-0.010.09
204316.4013.23-3.18
----
-0.10-0.010.09
204416.3713.22-3.14
----
-0.10-0.010.09
204516.3513.23-3.12
----
-0.10-0.010.10
204616.3213.22-3.10
----
-0.10-0.010.10
204716.2913.22-3.07
----
-0.11-0.010.10
204816.2713.22-3.05
----
-0.11-0.010.10
204916.2613.23-3.03
----
-0.11-0.010.11
205016.2413.23-3.02
----
-0.12-0.010.11
205116.2413.23-3.01
----
-0.12-0.010.11
205216.2513.23-3.02
----
-0.12-0.010.11
205316.2713.23-3.04
----
-0.12-0.010.12
205416.3013.23-3.06
----
-0.13-0.010.12
205516.3313.24-3.10
----
-0.13-0.010.12
205616.3713.24-3.13
----
-0.13-0.010.13
205716.4213.24-3.18
----
-0.14-0.010.13
205816.4713.25-3.22
----
-0.14-0.010.13
205916.5113.25-3.26
----
-0.14-0.010.14
206016.5613.25-3.31
----
-0.15-0.010.14
206116.6113.26-3.35
----
-0.15-0.010.14
206216.6513.26-3.39
----
-0.15-0.010.15
206316.7013.26-3.44
----
-0.16-0.010.15
206416.7413.27-3.48
----
-0.16-0.010.15
206516.7913.27-3.52
----
-0.16-0.010.15
206616.8413.27-3.57
----
-0.17-0.010.16
206716.8913.28-3.61
----
-0.17-0.010.16
206816.9413.28-3.66
----
-0.17-0.010.16
206916.9913.28-3.71
----
-0.18-0.010.17
207017.0413.29-3.75
----
-0.18-0.010.17
207117.0813.29-3.79
----
-0.18-0.010.17
207217.1213.29-3.83
----
-0.19-0.010.17
207317.1513.29-3.86
----
-0.19-0.010.18
207417.1813.30-3.88
----
-0.19-0.010.18
207517.2013.30-3.90
----
-0.19-0.010.18
207617.2113.30-3.91
----
-0.20-0.010.18
207717.2113.30-3.91
----
-0.20-0.010.19
207817.2113.30-3.91
----
-0.20-0.010.19
207917.2013.30-3.90
----
-0.20-0.010.19
208017.2013.30-3.90
----
-0.20-0.010.19
208117.1913.30-3.89
----
-0.21-0.010.19
208217.2013.30-3.90
----
-0.21-0.010.20
208317.2113.30-3.91
----
-0.21-0.010.20
208417.2313.30-3.93
----
-0.21-0.010.20
208517.2513.30-3.95
----
-0.22-0.010.20
208617.2913.30-3.98
----
-0.22-0.010.21
208717.3213.31-4.02
----
-0.22-0.010.21
208817.3613.31-4.05
----
-0.22-0.010.21
208917.4113.31-4.09
----
-0.23-0.010.21
209017.4513.32-4.13
----
-0.23-0.010.21
209117.4913.32-4.17
----
-0.23-0.010.22



 

Summarized Estimates

 
  Proposal
  Change from Present Law
Years Cost
rate
Income
rate
Actuarial
balance

Year of reserve
depletion
1

Cost
rate
Income
rate
Actuarial
balance
 
Based on Intermediate Assumptions of the 2016 Trustees Report.
2016-2090 16.39% 13.84% -2.55%
2034
-0.11% -0.01% 0.11%
 
1 Under present law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified October 7, 2016