Detailed Single Year Tables
Description of Proposed Provision:
D7: Beginning in January 2027, require full time school enrollment as a condition of eligibility for child benefits at age 15 up to 18.
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 |
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|
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 | 15.41 | 13.13 | -2.28 | 117 | -0.00 | -0.00 | 0.00 | ||
| 2029 | 15.47 | 13.16 | -2.30 | 101 | -0.00 | -0.00 | 0.00 | ||
| 2030 | 15.52 | 13.18 | -2.35 | 84 | -0.00 | -0.00 | 0.00 | ||
| 2031 | 15.57 | 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 | 38 | -0.00 | -0.00 | 0.00 | ||
| 2034 | 15.77 | 13.28 | -2.49 | 22 | -0.00 | -0.00 | 0.00 | ||
| 2035 | 15.88 | 13.29 | -2.60 | 7 | -0.00 | -0.00 | 0.00 | ||
| 2036 | 15.99 | 13.30 | -2.69 | — | -0.00 | -0.00 | 0.00 | ||
| 2037 | 16.09 | 13.30 | -2.78 | — | -0.00 | -0.00 | 0.00 | ||
| 2038 | 16.17 | 13.31 | -2.86 | — | -0.00 | -0.00 | 0.00 | ||
| 2039 | 16.25 | 13.32 | -2.93 | — | -0.00 | -0.00 | 0.00 | ||
| 2040 | 16.32 | 13.32 | -2.99 | — | -0.01 | -0.00 | 0.00 | ||
| 2041 | 16.38 | 13.33 | -3.05 | — | -0.01 | -0.00 | 0.01 | ||
| 2042 | 16.43 | 13.33 | -3.10 | — | -0.01 | -0.00 | 0.01 | ||
| 2043 | 16.47 | 13.34 | -3.14 | — | -0.01 | -0.00 | 0.01 | ||
| 2044 | 16.51 | 13.34 | -3.17 | — | -0.01 | -0.00 | 0.01 | ||
| 2045 | 16.54 | 13.34 | -3.20 | — | -0.01 | -0.00 | 0.01 | ||
| 2046 | 16.58 | 13.35 | -3.23 | — | -0.01 | -0.00 | 0.01 | ||
| 2047 | 16.62 | 13.35 | -3.27 | — | -0.01 | -0.00 | 0.01 | ||
| 2048 | 16.66 | 13.35 | -3.30 | — | -0.01 | -0.00 | 0.01 | ||
| 2049 | 16.70 | 13.36 | -3.34 | — | -0.01 | -0.00 | 0.01 | ||
| 2050 | 16.75 | 13.36 | -3.39 | — | -0.01 | -0.00 | 0.01 | ||
| 2051 | 16.80 | 13.37 | -3.44 | — | -0.01 | -0.00 | 0.01 | ||
| 2052 | 16.86 | 13.37 | -3.49 | — | -0.01 | -0.00 | 0.01 | ||
| 2053 | 16.93 | 13.38 | -3.55 | — | -0.01 | -0.00 | 0.01 | ||
| 2054 | 16.99 | 13.38 | -3.61 | — | -0.01 | -0.00 | 0.01 | ||
| 2055 | 17.07 | 13.39 | -3.68 | — | -0.01 | -0.00 | 0.01 | ||
| 2056 | 17.15 | 13.40 | -3.75 | — | -0.01 | -0.00 | 0.01 | ||
| 2057 | 17.24 | 13.40 | -3.83 | — | -0.01 | -0.00 | 0.01 | ||
| 2058 | 17.32 | 13.41 | -3.91 | — | -0.01 | -0.00 | 0.01 | ||
| 2059 | 17.41 | 13.42 | -3.99 | — | -0.01 | -0.00 | 0.01 | ||
| 2060 | 17.50 | 13.42 | -4.07 | — | -0.01 | -0.00 | 0.01 | ||
| 2061 | 17.58 | 13.43 | -4.15 | — | -0.01 | -0.00 | 0.01 | ||
| 2062 | 17.65 | 13.44 | -4.21 | — | -0.01 | -0.00 | 0.01 | ||
| 2063 | 17.72 | 13.44 | -4.27 | — | -0.01 | -0.00 | 0.01 | ||
| 2064 | 17.78 | 13.45 | -4.33 | — | -0.01 | -0.00 | 0.01 | ||
| 2065 | 17.85 | 13.45 | -4.39 | — | -0.01 | -0.00 | 0.01 | ||
| 2066 | 17.91 | 13.46 | -4.45 | — | -0.01 | -0.00 | 0.01 | ||
| 2067 | 17.97 | 13.46 | -4.51 | — | -0.01 | -0.00 | 0.01 | ||
| 2068 | 18.04 | 13.47 | -4.57 | — | -0.01 | -0.00 | 0.01 | ||
| 2069 | 18.11 | 13.47 | -4.63 | — | -0.01 | -0.00 | 0.01 | ||
| 2070 | 18.18 | 13.48 | -4.70 | — | -0.01 | -0.00 | 0.01 | ||
| 2071 | 18.24 | 13.48 | -4.76 | — | -0.01 | -0.00 | 0.01 | ||
| 2072 | 18.31 | 13.49 | -4.82 | — | -0.01 | -0.00 | 0.01 | ||
| 2073 | 18.37 | 13.49 | -4.87 | — | -0.01 | -0.00 | 0.01 | ||
| 2074 | 18.43 | 13.50 | -4.93 | — | -0.01 | -0.00 | 0.01 | ||
| 2075 | 18.48 | 13.50 | -4.97 | — | -0.01 | -0.00 | 0.01 | ||
| 2076 | 18.52 | 13.51 | -5.01 | — | -0.01 | -0.00 | 0.01 | ||
| 2077 | 18.55 | 13.51 | -5.04 | — | -0.01 | -0.00 | 0.01 | ||
| 2078 | 18.58 | 13.51 | -5.06 | — | -0.01 | -0.00 | 0.01 | ||
| 2079 | 18.59 | 13.51 | -5.07 | — | -0.01 | -0.00 | 0.01 | ||
| 2080 | 18.59 | 13.51 | -5.08 | — | -0.01 | -0.00 | 0.01 | ||
| 2081 | 18.58 | 13.51 | -5.07 | — | -0.01 | -0.00 | 0.01 | ||
| 2082 | 18.57 | 13.51 | -5.05 | — | -0.01 | -0.00 | 0.01 | ||
| 2083 | 18.54 | 13.51 | -5.03 | — | -0.01 | -0.00 | 0.01 | ||
| 2084 | 18.51 | 13.51 | -5.00 | — | -0.01 | -0.00 | 0.01 | ||
| 2085 | 18.46 | 13.51 | -4.96 | — | -0.01 | -0.00 | 0.01 | ||
| 2086 | 18.41 | 13.51 | -4.91 | — | -0.01 | -0.00 | 0.01 | ||
| 2087 | 18.36 | 13.50 | -4.85 | — | -0.01 | -0.00 | 0.01 | ||
| 2088 | 18.30 | 13.50 | -4.80 | — | -0.01 | -0.00 | 0.01 | ||
| 2089 | 18.24 | 13.49 | -4.74 | — | -0.01 | -0.00 | 0.01 | ||
| 2090 | 18.18 | 13.49 | -4.69 | — | -0.01 | -0.00 | 0.01 | ||
| 2091 | 18.14 | 13.49 | -4.65 | — | -0.01 | -0.00 | 0.01 | ||
| 2092 | 18.10 | 13.49 | -4.61 | — | -0.01 | -0.00 | 0.01 | ||
| 2093 | 18.07 | 13.48 | -4.59 | — | -0.01 | -0.00 | 0.01 | ||
| 2094 | 18.06 | 13.48 | -4.58 | — | -0.01 | -0.00 | 0.01 | ||
| 2095 | 18.06 | 13.48 | -4.58 | — | -0.01 | -0.00 | 0.01 | ||
| 2096 | 18.07 | 13.48 | -4.59 | — | -0.01 | -0.00 | 0.01 | ||
| 2097 | 18.09 | 13.49 | -4.60 | — | -0.01 | -0.00 | 0.01 | ||
| 2098 | 18.12 | 13.49 | -4.63 | — | -0.01 | -0.00 | 0.01 | ||
| 2099 | 18.15 | 13.49 | -4.66 | — | -0.01 | -0.00 | 0.01 | ||
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 | 17.29% | 13.80% | -3.49% | 2035 | -0.01% | -0.00% | 0.01% | ||
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.