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Detailed Single Year Tables

Description of Proposed Provision:
Beginning with those newly eligible for OASDI benefits in 2019, create a new bend point at the 50th percentile of the AIME distribution of newly retired workers and gradually reduce all PIA formula factors except for the 90 percent factor. By 2052: a) the 32 percent PIA formula 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 factor reduces to 5 percent.

 

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
201213.8312.89-0.93
340
0.000.000.00
201313.9512.83-1.12
329
0.000.000.00
201413.9812.93-1.05
315
0.000.000.00
201513.9712.95-1.01
302
0.000.000.00
201613.9412.98-0.96
290
0.000.000.00
201713.9113.01-0.91
277
0.000.000.00
201813.9613.03-0.93
265
0.000.000.00
201914.1313.05-1.08
253
0.000.000.00
202014.3713.07-1.30
240
0.000.000.00
202114.6513.11-1.54
227
-0.010.000.01
202214.9613.13-1.83
213
-0.010.000.01
202315.2713.14-2.12
198
-0.020.000.02
202415.5613.16-2.40
182
-0.030.000.03
202515.8313.18-2.66
165
-0.050.000.05
202616.0813.19-2.89
148
-0.070.000.06
202716.3213.21-3.12
131
-0.090.000.08
202816.5213.22-3.30
113
-0.11-0.010.11
202916.6913.23-3.46
93
-0.14-0.010.13
203016.8313.24-3.59
74
-0.17-0.010.16
203116.9413.25-3.69
54
-0.20-0.010.19
203217.0113.25-3.76
33
-0.24-0.010.23
203317.0513.26-3.80
11
-0.28-0.010.26
203417.0613.26-3.81
----
-0.31-0.020.30
203517.0513.26-3.80
----
-0.35-0.020.34
203617.0313.26-3.77
----
-0.40-0.020.37
203716.9913.26-3.73
----
-0.44-0.020.42
203816.9413.26-3.68
----
-0.48-0.030.46
203916.8613.25-3.61
----
-0.53-0.030.50
204016.7813.25-3.53
----
-0.58-0.030.55
204116.6913.25-3.44
----
-0.63-0.030.59
204216.6013.24-3.36
----
-0.68-0.040.64
204316.5113.24-3.27
----
-0.73-0.040.69
204416.4313.23-3.19
----
-0.78-0.040.74
204516.3413.23-3.11
----
-0.84-0.050.80
204616.2613.23-3.03
----
-0.90-0.050.85
204716.1813.22-2.96
----
-0.96-0.050.91
204816.1013.22-2.88
----
-1.02-0.050.96
204916.0213.22-2.80
----
-1.08-0.061.02
205015.9413.21-2.73
----
-1.14-0.061.08
205115.8713.21-2.66
----
-1.20-0.071.13
205215.8113.21-2.60
----
-1.26-0.071.19
205315.7513.20-2.55
----
-1.32-0.071.25
205415.7013.20-2.50
----
-1.38-0.081.31
205515.6513.20-2.45
----
-1.44-0.081.37
205615.6013.20-2.41
----
-1.50-0.081.42
205715.5613.20-2.37
----
-1.56-0.091.48
205815.5213.19-2.33
----
-1.62-0.091.53
205915.4813.19-2.29
----
-1.67-0.091.58
206015.4413.19-2.25
----
-1.72-0.091.62
206115.4013.19-2.21
----
-1.76-0.101.66
206215.3713.19-2.18
----
-1.80-0.101.70
206315.3313.18-2.15
----
-1.84-0.101.74
206415.3113.18-2.12
----
-1.88-0.101.78
206515.2913.18-2.10
----
-1.91-0.111.81
206615.2713.18-2.09
----
-1.95-0.111.84
206715.2613.18-2.08
----
-1.98-0.111.87
206815.2613.18-2.08
----
-2.01-0.111.90
206915.2613.18-2.08
----
-2.04-0.111.92
207015.2613.18-2.08
----
-2.06-0.111.95
207115.2713.18-2.08
----
-2.09-0.121.97
207215.2713.18-2.09
----
-2.11-0.121.99
207315.2813.18-2.09
----
-2.13-0.122.01
207415.2913.19-2.10
----
-2.15-0.122.03
207515.3013.19-2.11
----
-2.16-0.122.04
207615.3113.19-2.12
----
-2.18-0.122.06
207715.3213.19-2.13
----
-2.19-0.122.07
207815.3313.19-2.15
----
-2.21-0.122.08
207915.3513.19-2.17
----
-2.22-0.122.09
208015.3813.19-2.19
----
-2.23-0.122.10
208115.4013.19-2.21
----
-2.24-0.122.11
208215.4313.19-2.24
----
-2.25-0.132.12
208315.4613.20-2.26
----
-2.26-0.132.13
208415.4913.20-2.29
----
-2.26-0.132.14
208515.5213.20-2.32
----
-2.27-0.132.15
208615.5513.20-2.35
----
-2.28-0.132.15
208715.5813.20-2.38
----
-2.29-0.132.16



 

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 2012 Trustees Report.
2012-2086 15.78% 13.97% -1.81%
2033
-0.91% -0.05% 0.86%
 
1 Under present law, the year of Trust Fund reserve depletion is 2033.

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Last reviewed or modified February 20, 2013