Detailed Single Year Tables
Description of Proposed Provision:
B3.8: Beginning with those newly eligible for OASDI benefits in 2031, create a new bend point at the 50th percentile of the AIME distribution of newly retired workers and gradually reduce all PIA factors except for the 90 percent factor. By 2064: a) the 32 percent PIA factor below the new bend point reduces to 30 percent; b) the 32 percent PIA factor above the new bend point reduces to 10 percent; and c) the 15 percent PIA factor reduces to 5 percent.
Financial Estimates for the OASDI Trust Fund Program
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
|
Expressed as a percentage of current-law taxable payroll |
Trust fund ratio as of January 1 |
Expressed as a percentage of current-law taxable payroll |
|||||||
|
Calendar year |
Cost rate |
Income rate |
Annual balance |
Cost rate |
Income rate |
Annual balance |
|||
| 2024 | 14.71 | 13.03 | -1.68 | 188 | 0.00 | 0.00 | 0.00 | ||
| 2025 | 15.00 | 12.89 | -2.11 | 171 | 0.00 | 0.00 | 0.00 | ||
| 2026 | 15.20 | 13.07 | -2.13 | 152 | 0.00 | 0.00 | 0.00 | ||
| 2027 | 15.36 | 13.11 | -2.25 | 134 | 0.00 | 0.00 | 0.00 | ||
| 2028 | 15.42 | 13.13 | -2.28 | 117 | 0.00 | 0.00 | 0.00 | ||
| 2029 | 15.47 | 13.16 | -2.31 | 101 | 0.00 | 0.00 | 0.00 | ||
| 2030 | 15.53 | 13.18 | -2.35 | 84 | 0.00 | 0.00 | 0.00 | ||
| 2031 | 15.58 | 13.20 | -2.37 | 68 | -0.00 | -0.00 | 0.00 | ||
| 2032 | 15.60 | 13.22 | -2.38 | 53 | -0.00 | -0.00 | 0.00 | ||
| 2033 | 15.66 | 13.26 | -2.39 | 37 | -0.00 | -0.00 | 0.00 | ||
| 2034 | 15.77 | 13.28 | -2.49 | 22 | -0.01 | -0.00 | 0.01 | ||
| 2035 | 15.88 | 13.29 | -2.59 | 7 | -0.01 | -0.00 | 0.01 | ||
| 2036 | 15.97 | 13.29 | -2.68 | — | -0.01 | -0.00 | 0.01 | ||
| 2037 | 16.07 | 13.30 | -2.77 | — | -0.02 | -0.00 | 0.02 | ||
| 2038 | 16.14 | 13.31 | -2.83 | — | -0.03 | -0.00 | 0.03 | ||
| 2039 | 16.20 | 13.32 | -2.89 | — | -0.05 | -0.00 | 0.04 | ||
| 2040 | 16.26 | 13.32 | -2.93 | — | -0.06 | -0.00 | 0.06 | ||
| 2041 | 16.30 | 13.33 | -2.97 | — | -0.08 | -0.00 | 0.08 | ||
| 2042 | 16.33 | 13.33 | -3.00 | — | -0.11 | -0.01 | 0.10 | ||
| 2043 | 16.34 | 13.33 | -3.01 | — | -0.14 | -0.01 | 0.13 | ||
| 2044 | 16.35 | 13.33 | -3.02 | — | -0.17 | -0.01 | 0.16 | ||
| 2045 | 16.35 | 13.33 | -3.02 | — | -0.20 | -0.01 | 0.19 | ||
| 2046 | 16.35 | 13.33 | -3.02 | — | -0.24 | -0.01 | 0.22 | ||
| 2047 | 16.35 | 13.34 | -3.01 | — | -0.28 | -0.02 | 0.26 | ||
| 2048 | 16.34 | 13.34 | -3.01 | — | -0.32 | -0.02 | 0.30 | ||
| 2049 | 16.34 | 13.34 | -3.00 | — | -0.37 | -0.02 | 0.34 | ||
| 2050 | 16.34 | 13.34 | -3.00 | — | -0.41 | -0.02 | 0.39 | ||
| 2051 | 16.34 | 13.34 | -3.00 | — | -0.47 | -0.03 | 0.44 | ||
| 2052 | 16.35 | 13.34 | -3.00 | — | -0.52 | -0.03 | 0.49 | ||
| 2053 | 16.35 | 13.34 | -3.01 | — | -0.58 | -0.03 | 0.55 | ||
| 2054 | 16.36 | 13.35 | -3.01 | — | -0.64 | -0.04 | 0.60 | ||
| 2055 | 16.37 | 13.35 | -3.02 | — | -0.70 | -0.04 | 0.66 | ||
| 2056 | 16.39 | 13.35 | -3.04 | — | -0.77 | -0.05 | 0.72 | ||
| 2057 | 16.40 | 13.35 | -3.05 | — | -0.84 | -0.05 | 0.79 | ||
| 2058 | 16.42 | 13.36 | -3.07 | — | -0.91 | -0.05 | 0.85 | ||
| 2059 | 16.44 | 13.36 | -3.08 | — | -0.98 | -0.06 | 0.92 | ||
| 2060 | 16.45 | 13.36 | -3.09 | — | -1.05 | -0.06 | 0.99 | ||
| 2061 | 16.46 | 13.36 | -3.09 | — | -1.13 | -0.07 | 1.06 | ||
| 2062 | 16.46 | 13.36 | -3.09 | — | -1.20 | -0.07 | 1.13 | ||
| 2063 | 16.45 | 13.37 | -3.09 | — | -1.27 | -0.08 | 1.19 | ||
| 2064 | 16.44 | 13.37 | -3.08 | — | -1.35 | -0.08 | 1.26 | ||
| 2065 | 16.43 | 13.37 | -3.07 | — | -1.42 | -0.09 | 1.33 | ||
| 2066 | 16.42 | 13.37 | -3.05 | — | -1.50 | -0.09 | 1.40 | ||
| 2067 | 16.41 | 13.37 | -3.04 | — | -1.57 | -0.10 | 1.48 | ||
| 2068 | 16.40 | 13.37 | -3.03 | — | -1.65 | -0.10 | 1.55 | ||
| 2069 | 16.39 | 13.37 | -3.03 | — | -1.72 | -0.11 | 1.61 | ||
| 2070 | 16.39 | 13.37 | -3.02 | — | -1.79 | -0.11 | 1.68 | ||
| 2071 | 16.38 | 13.37 | -3.02 | — | -1.87 | -0.12 | 1.75 | ||
| 2072 | 16.38 | 13.37 | -3.01 | — | -1.93 | -0.12 | 1.81 | ||
| 2073 | 16.37 | 13.37 | -3.00 | — | -2.00 | -0.12 | 1.88 | ||
| 2074 | 16.37 | 13.37 | -3.00 | — | -2.06 | -0.13 | 1.94 | ||
| 2075 | 16.36 | 13.37 | -2.99 | — | -2.12 | -0.13 | 1.99 | ||
| 2076 | 16.35 | 13.37 | -2.98 | — | -2.18 | -0.14 | 2.04 | ||
| 2077 | 16.33 | 13.37 | -2.96 | — | -2.23 | -0.14 | 2.09 | ||
| 2078 | 16.30 | 13.37 | -2.93 | — | -2.28 | -0.14 | 2.14 | ||
| 2079 | 16.27 | 13.37 | -2.90 | — | -2.32 | -0.15 | 2.18 | ||
| 2080 | 16.24 | 13.37 | -2.87 | — | -2.36 | -0.15 | 2.21 | ||
| 2081 | 16.19 | 13.36 | -2.83 | — | -2.39 | -0.15 | 2.24 | ||
| 2082 | 16.15 | 13.36 | -2.78 | — | -2.43 | -0.15 | 2.27 | ||
| 2083 | 16.09 | 13.36 | -2.73 | — | -2.45 | -0.15 | 2.30 | ||
| 2084 | 16.04 | 13.36 | -2.68 | — | -2.48 | -0.16 | 2.32 | ||
| 2085 | 15.98 | 13.35 | -2.62 | — | -2.49 | -0.16 | 2.34 | ||
| 2086 | 15.91 | 13.35 | -2.56 | — | -2.51 | -0.16 | 2.35 | ||
| 2087 | 15.84 | 13.34 | -2.50 | — | -2.52 | -0.16 | 2.36 | ||
| 2088 | 15.77 | 13.34 | -2.43 | — | -2.53 | -0.16 | 2.37 | ||
| 2089 | 15.71 | 13.34 | -2.37 | — | -2.54 | -0.16 | 2.38 | ||
| 2090 | 15.65 | 13.33 | -2.32 | — | -2.54 | -0.16 | 2.38 | ||
| 2091 | 15.59 | 13.33 | -2.27 | — | -2.55 | -0.16 | 2.39 | ||
| 2092 | 15.55 | 13.32 | -2.23 | — | -2.55 | -0.16 | 2.39 | ||
| 2093 | 15.52 | 13.32 | -2.20 | — | -2.56 | -0.16 | 2.40 | ||
| 2094 | 15.50 | 13.32 | -2.18 | — | -2.56 | -0.16 | 2.40 | ||
| 2095 | 15.50 | 13.32 | -2.18 | — | -2.57 | -0.16 | 2.41 | ||
| 2096 | 15.50 | 13.32 | -2.18 | — | -2.58 | -0.16 | 2.41 | ||
| 2097 | 15.51 | 13.32 | -2.19 | — | -2.58 | -0.16 | 2.42 | ||
| 2098 | 15.53 | 13.32 | -2.21 | — | -2.59 | -0.16 | 2.43 | ||
| 2099 | 15.56 | 13.33 | -2.23 | — | -2.60 | -0.16 | 2.44 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2024-2098 | 16.21% | 13.73% | -2.48% | 2035 | -1.08% | -0.07% | 1.02% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2035. |
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Based on Intermediate Assumptions of the 2024 Trustees Report.