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Detailed Single Year Tables

Description of Proposed Provision:
After the normal retirement age (NRA) reaches 67 for those age 62 in 2022, increase the NRA 2 months every year until the NRA reaches 68.

 

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
201113.3512.52-0.82
353
0.000.000.00
201213.2312.87-0.36
347
0.000.000.00
201313.1812.87-0.31
341
0.000.000.00
201413.1812.92-0.27
334
0.000.000.00
201513.2412.94-0.30
328
0.000.000.00
201613.3312.97-0.36
321
0.000.000.00
201713.4613.00-0.46
314
0.000.000.00
201813.6213.03-0.59
306
0.000.000.00
201913.8813.04-0.84
296
0.000.000.00
202014.2013.06-1.14
284
0.000.000.00
202114.5213.08-1.44
272
0.000.000.00
202214.8313.10-1.73
259
0.000.000.00
202315.1013.12-1.99
245
-0.020.000.02
202415.3613.13-2.23
231
-0.050.000.04
202515.6013.15-2.46
216
-0.070.000.07
202615.8313.16-2.67
200
-0.100.000.09
202716.0213.17-2.85
184
-0.120.000.12
202816.2013.19-3.01
167
-0.150.000.15
202916.3413.20-3.14
150
-0.180.000.17
203016.4513.21-3.24
132
-0.21-0.010.20
203116.5013.21-3.29
114
-0.26-0.010.25
203216.5413.22-3.33
96
-0.31-0.010.30
203316.5813.22-3.36
77
-0.35-0.010.34
203416.5913.23-3.37
58
-0.39-0.010.37
203516.6013.23-3.37
39
-0.42-0.010.40
203616.5913.23-3.36
19
-0.44-0.020.42
203716.5813.23-3.35
----
-0.46-0.020.44
203816.5413.23-3.31
----
-0.48-0.020.46
203916.4913.23-3.26
----
-0.50-0.020.48
204016.4413.23-3.21
----
-0.52-0.020.50
204116.3813.23-3.15
----
-0.53-0.020.51
204216.3213.22-3.10
----
-0.55-0.020.53
204316.2713.22-3.05
----
-0.56-0.020.54
204416.2313.22-3.01
----
-0.58-0.020.56
204516.1913.22-2.97
----
-0.59-0.020.57
204616.1513.22-2.93
----
-0.61-0.030.58
204716.1213.22-2.90
----
-0.62-0.030.60
204816.0813.22-2.87
----
-0.64-0.030.61
204916.0513.22-2.84
----
-0.65-0.030.62
205016.0213.22-2.81
----
-0.66-0.030.63
205116.0013.22-2.79
----
-0.67-0.030.65
205216.0013.22-2.78
----
-0.69-0.030.66
205315.9913.22-2.78
----
-0.70-0.030.67
205416.0013.22-2.78
----
-0.70-0.030.67
205516.0113.22-2.79
----
-0.71-0.030.68
205616.0213.22-2.80
----
-0.72-0.030.69
205716.0413.22-2.82
----
-0.72-0.030.69
205816.0513.22-2.83
----
-0.73-0.030.69
205916.0713.22-2.84
----
-0.73-0.030.70
206016.0713.23-2.85
----
-0.73-0.030.70
206116.0813.23-2.86
----
-0.73-0.030.70
206216.0913.23-2.87
----
-0.73-0.030.70
206316.1013.23-2.88
----
-0.73-0.030.70
206416.1213.23-2.89
----
-0.73-0.030.70
206516.1313.23-2.90
----
-0.73-0.030.70
206616.1513.23-2.92
----
-0.74-0.030.70
206716.1813.23-2.94
----
-0.74-0.030.70
206816.2013.24-2.96
----
-0.74-0.030.71
206916.2313.24-2.99
----
-0.74-0.030.71
207016.2613.24-3.02
----
-0.74-0.030.71
207116.2913.24-3.05
----
-0.74-0.030.71
207216.3213.24-3.08
----
-0.75-0.030.71
207316.3613.25-3.11
----
-0.75-0.030.71
207416.3913.25-3.14
----
-0.75-0.030.72
207516.4313.25-3.17
----
-0.75-0.030.72
207616.4613.25-3.21
----
-0.75-0.030.72
207716.4913.26-3.24
----
-0.76-0.030.72
207816.5313.26-3.27
----
-0.76-0.030.72
207916.5613.26-3.30
----
-0.76-0.040.72
208016.6013.26-3.34
----
-0.76-0.040.73
208116.6413.27-3.37
----
-0.76-0.040.73
208216.6713.27-3.40
----
-0.77-0.040.73
208316.7113.27-3.44
----
-0.77-0.040.73
208416.7513.27-3.47
----
-0.77-0.040.73
208516.7813.27-3.51
----
-0.77-0.040.74
208616.8213.28-3.54
----
-0.77-0.040.74



 

Summarized Estimates

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

Year of
exhaustion
1

Cost
rate
Income
rate
Actuarial
balance
 
Based on Intermediate Assumptions of the 2011 Trustees Report.
2011-2085 15.82% 14.01% -1.81%
2036
-0.43% -0.02% 0.41%
 
1 Under present law, the year of exhaustion is 2036.

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Last reviewed or modified December 21, 2011