Detailed Single Year Tables

Level of Monthly Benefits	Description of Proposed Provision: Increase the number of years used to calculate benefits for retirees and survivors (but not for disabled workers) from 35 to 38, phased in over the years 2012-2016.

			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
2011	13.35	12.52	-0.82	353	0.00	0.00	0.00
2012	13.23	12.87	-0.36	347	0.00	0.00	0.00
2013	13.17	12.87	-0.31	341	0.00	0.00	0.00
2014	13.17	12.92	-0.26	334	-0.01	0.00	0.01
2015	13.23	12.94	-0.29	328	-0.02	0.00	0.02
2016	13.30	12.97	-0.33	322	-0.03	0.00	0.03
2017	13.42	13.00	-0.42	315	-0.04	0.00	0.04
2018	13.56	13.02	-0.53	308	-0.06	0.00	0.06
2019	13.80	13.04	-0.76	298	-0.08	0.00	0.07
2020	14.10	13.05	-1.04	288	-0.10	-0.01	0.09
2021	14.40	13.07	-1.33	276	-0.12	-0.01	0.11
2022	14.69	13.09	-1.60	264	-0.14	-0.01	0.13
2023	14.97	13.11	-1.86	251	-0.16	-0.01	0.15
2024	15.23	13.12	-2.10	237	-0.18	-0.01	0.17
2025	15.48	13.14	-2.34	223	-0.20	-0.01	0.18
2026	15.71	13.15	-2.56	208	-0.21	-0.01	0.20
2027	15.92	13.16	-2.75	192	-0.23	-0.01	0.22
2028	16.10	13.18	-2.92	176	-0.25	-0.01	0.23
2029	16.26	13.19	-3.07	159	-0.26	-0.01	0.25
2030	16.38	13.20	-3.18	141	-0.28	-0.02	0.26
2031	16.47	13.20	-3.27	123	-0.29	-0.02	0.27
2032	16.55	13.21	-3.34	105	-0.30	-0.02	0.29
2033	16.62	13.22	-3.40	86	-0.31	-0.02	0.30
2034	16.66	13.22	-3.44	66	-0.32	-0.02	0.31
2035	16.68	13.22	-3.46	47	-0.33	-0.02	0.32
2036	16.69	13.23	-3.46	27	-0.34	-0.02	0.32
2037	16.69	13.23	-3.46	7	-0.35	-0.02	0.33
2038	16.66	13.23	-3.43	----	-0.36	-0.02	0.34
2039	16.62	13.23	-3.40	----	-0.37	-0.02	0.34
2040	16.58	13.23	-3.36	----	-0.37	-0.02	0.35
2041	16.54	13.23	-3.31	----	-0.38	-0.02	0.36
2042	16.49	13.22	-3.27	----	-0.38	-0.02	0.36
2043	16.45	13.22	-3.23	----	-0.39	-0.02	0.36
2044	16.42	13.22	-3.20	----	-0.39	-0.02	0.37
2045	16.39	13.22	-3.17	----	-0.39	-0.02	0.37
2046	16.36	13.22	-3.14	----	-0.40	-0.02	0.38
2047	16.34	13.22	-3.12	----	-0.40	-0.02	0.38
2048	16.31	13.22	-3.09	----	-0.40	-0.02	0.38
2049	16.29	13.22	-3.07	----	-0.41	-0.02	0.38
2050	16.28	13.22	-3.06	----	-0.41	-0.02	0.39
2051	16.27	13.22	-3.04	----	-0.41	-0.02	0.39
2052	16.27	13.22	-3.04	----	-0.42	-0.02	0.39
2053	16.27	13.22	-3.05	----	-0.42	-0.02	0.39
2054	16.28	13.22	-3.06	----	-0.42	-0.02	0.40
2055	16.30	13.23	-3.07	----	-0.42	-0.02	0.40
2056	16.32	13.23	-3.09	----	-0.43	-0.02	0.40
2057	16.33	13.23	-3.10	----	-0.43	-0.02	0.40
2058	16.35	13.23	-3.12	----	-0.43	-0.02	0.41
2059	16.36	13.23	-3.13	----	-0.43	-0.02	0.41
2060	16.37	13.23	-3.14	----	-0.43	-0.02	0.41
2061	16.38	13.24	-3.14	----	-0.43	-0.02	0.41
2062	16.39	13.24	-3.15	----	-0.44	-0.02	0.41
2063	16.40	13.24	-3.16	----	-0.44	-0.02	0.41
2064	16.41	13.24	-3.17	----	-0.44	-0.02	0.41
2065	16.43	13.24	-3.19	----	-0.44	-0.02	0.41
2066	16.45	13.24	-3.21	----	-0.44	-0.03	0.41
2067	16.47	13.24	-3.23	----	-0.44	-0.03	0.41
2068	16.50	13.25	-3.25	----	-0.44	-0.03	0.41
2069	16.53	13.25	-3.28	----	-0.44	-0.03	0.42
2070	16.56	13.25	-3.31	----	-0.44	-0.03	0.42
2071	16.59	13.25	-3.34	----	-0.44	-0.03	0.42
2072	16.62	13.25	-3.37	----	-0.44	-0.03	0.42
2073	16.66	13.26	-3.40	----	-0.44	-0.03	0.42
2074	16.70	13.26	-3.44	----	-0.44	-0.03	0.42
2075	16.73	13.26	-3.47	----	-0.45	-0.03	0.42
2076	16.77	13.26	-3.50	----	-0.45	-0.03	0.42
2077	16.80	13.27	-3.54	----	-0.45	-0.03	0.42
2078	16.84	13.27	-3.57	----	-0.45	-0.03	0.42
2079	16.88	13.27	-3.61	----	-0.45	-0.03	0.42
2080	16.91	13.27	-3.64	----	-0.45	-0.03	0.42
2081	16.95	13.28	-3.68	----	-0.45	-0.03	0.42
2082	16.99	13.28	-3.71	----	-0.45	-0.03	0.42
2083	17.03	13.28	-3.75	----	-0.45	-0.03	0.42
2084	17.07	13.28	-3.78	----	-0.45	-0.03	0.43
2085	17.10	13.28	-3.82	----	-0.45	-0.03	0.43
2086	17.14	13.29	-3.85	----	-0.45	-0.03	0.43

				Summarized Estimates

	Proposal				Change from Present Law
Years	Cost rate	Income rate	Actuarial balance	Year of exhaustion¹	Cost rate	Income rate	Actuarial balance

Based on Intermediate Assumptions of the 2011 Trustees Report.
2011-2085	15.94%	14.01%	-1.93%	2037	-0.31%	-0.02%	0.29%

¹ Under present law, the year of exhaustion is 2036.


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Detailed Single Year Tables

Description of Proposed Provision: Increase the number of years used to calculate benefits for retirees and survivors (but not for disabled workers) from 35 to 38, phased in over the years 2012-2016.

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates

Description of Proposed Provision:
Increase the number of years used to calculate benefits for retirees and survivors (but not for disabled workers) from 35 to 38, phased in over the years 2012-2016.