Detailed Single Year Tables

Retirement Age	Description of Proposed Provision: Increase the earliest eligibility age (EEA) by two months per year for those age 62 starting in 2017 and ending in 2034 (EEA reaches 65 for those age 62 in 2034).

			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
2015	14.13	12.82	-1.31	308	0.00	0.00	0.00
2016	13.88	12.88	-1.00	298	0.00	0.00	0.00
2017	13.85	12.92	-0.94	281	-0.04	0.00	0.05
2018	13.89	12.94	-0.94	266	-0.08	0.01	0.09
2019	13.96	12.96	-1.00	252	-0.13	0.01	0.14
2020	14.06	12.98	-1.08	238	-0.17	0.02	0.19
2021	14.13	13.01	-1.12	225	-0.22	0.03	0.24
2022	14.26	13.05	-1.21	212	-0.26	0.04	0.30
2023	14.39	13.07	-1.32	199	-0.34	0.04	0.38
2024	14.56	13.11	-1.46	187	-0.39	0.04	0.44
2025	14.72	13.13	-1.60	174	-0.44	0.04	0.49
2026	14.90	13.14	-1.76	161	-0.47	0.04	0.51
2027	15.07	13.15	-1.91	148	-0.49	0.04	0.53
2028	15.25	13.17	-2.09	135	-0.50	0.04	0.54
2029	15.44	13.18	-2.26	121	-0.49	0.04	0.53
2030	15.64	13.20	-2.44	107	-0.46	0.04	0.50
2031	15.85	13.21	-2.64	92	-0.39	0.04	0.44
2032	16.05	13.22	-2.83	76	-0.32	0.05	0.37
2033	16.22	13.23	-2.99	59	-0.26	0.05	0.31
2034	16.36	13.24	-3.12	42	-0.19	0.05	0.24
2035	16.49	13.25	-3.24	23	-0.13	0.05	0.18
2036	16.60	13.26	-3.34	4	-0.08	0.05	0.13
2037	16.69	13.26	-3.42	----	-0.03	0.06	0.09
2038	16.74	13.27	-3.47	----	0.01	0.06	0.05
2039	16.78	13.27	-3.51	----	0.05	0.06	0.01
2040	16.80	13.27	-3.53	----	0.09	0.06	-0.03
2041	16.81	13.28	-3.54	----	0.13	0.06	-0.06
2042	16.82	13.28	-3.54	----	0.16	0.06	-0.09
2043	16.83	13.28	-3.55	----	0.19	0.07	-0.12
2044	16.83	13.28	-3.54	----	0.21	0.07	-0.14
2045	16.83	13.29	-3.54	----	0.23	0.07	-0.16
2046	16.82	13.29	-3.53	----	0.25	0.07	-0.18
2047	16.82	13.29	-3.53	----	0.26	0.07	-0.19
2048	16.82	13.29	-3.53	----	0.28	0.07	-0.20
2049	16.83	13.29	-3.54	----	0.29	0.07	-0.22
2050	16.85	13.30	-3.55	----	0.31	0.08	-0.23
2051	16.88	13.30	-3.58	----	0.33	0.08	-0.25
2052	16.92	13.30	-3.62	----	0.35	0.08	-0.27
2053	16.97	13.31	-3.66	----	0.36	0.08	-0.28
2054	17.02	13.31	-3.70	----	0.37	0.08	-0.29
2055	17.07	13.32	-3.76	----	0.38	0.08	-0.30
2056	17.13	13.32	-3.81	----	0.39	0.08	-0.31
2057	17.19	13.32	-3.87	----	0.40	0.08	-0.32
2058	17.26	13.33	-3.93	----	0.41	0.08	-0.32
2059	17.31	13.33	-3.98	----	0.41	0.08	-0.33
2060	17.37	13.34	-4.04	----	0.42	0.08	-0.34
2061	17.43	13.34	-4.09	----	0.43	0.08	-0.34
2062	17.49	13.34	-4.14	----	0.43	0.08	-0.35
2063	17.55	13.35	-4.20	----	0.44	0.08	-0.35
2064	17.60	13.35	-4.25	----	0.44	0.09	-0.36
2065	17.67	13.36	-4.31	----	0.45	0.09	-0.37
2066	17.73	13.36	-4.37	----	0.46	0.09	-0.37
2067	17.80	13.36	-4.44	----	0.47	0.09	-0.38
2068	17.87	13.37	-4.50	----	0.48	0.09	-0.39
2069	17.94	13.37	-4.56	----	0.49	0.09	-0.40
2070	18.00	13.38	-4.62	----	0.50	0.09	-0.41
2071	18.06	13.38	-4.68	----	0.50	0.09	-0.41
2072	18.10	13.38	-4.71	----	0.50	0.09	-0.41
2073	18.14	13.39	-4.75	----	0.50	0.09	-0.41
2074	18.17	13.39	-4.78	----	0.51	0.09	-0.41
2075	18.19	13.39	-4.80	----	0.51	0.09	-0.42
2076	18.20	13.39	-4.81	----	0.51	0.09	-0.42
2077	18.20	13.39	-4.82	----	0.50	0.09	-0.41
2078	18.20	13.39	-4.81	----	0.50	0.08	-0.41
2079	18.20	13.39	-4.81	----	0.49	0.08	-0.41
2080	18.20	13.39	-4.82	----	0.49	0.08	-0.41
2081	18.21	13.39	-4.82	----	0.49	0.09	-0.41
2082	18.23	13.39	-4.84	----	0.50	0.09	-0.42
2083	18.25	13.39	-4.86	----	0.51	0.09	-0.42
2084	18.29	13.39	-4.89	----	0.51	0.09	-0.42
2085	18.32	13.40	-4.93	----	0.51	0.09	-0.43
2086	18.36	13.40	-4.96	----	0.52	0.09	-0.43
2087	18.40	13.40	-5.00	----	0.52	0.09	-0.43
2088	18.45	13.41	-5.04	----	0.52	0.09	-0.43
2089	18.49	13.41	-5.08	----	0.52	0.09	-0.43
2090	18.54	13.41	-5.12	----	0.52	0.09	-0.43

				Summarized Estimates

	Proposal				Change from Present Law
Years	Cost rate	Income rate	Actuarial balance	Year of reserve depletion¹	Cost rate	Income rate	Actuarial balance

Based on Intermediate Assumptions of the 2015 Trustees Report.
2015-2089	16.67%	13.93%	-2.75%	2036	0.13%	0.06%	-0.06%

¹ Under present law, the year of Trust Fund reserve depletion is 2034.


	Privacy Policy \| Website Policies & Other Important Information \| Site Map Last reviewed or modified September 1, 2015

Detailed Single Year Tables

Description of Proposed Provision: Increase the earliest eligibility age (EEA) by two months per year for those age 62 starting in 2017 and ending in 2034 (EEA reaches 65 for those age 62 in 2034).

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates

Description of Proposed Provision:
Increase the earliest eligibility age (EEA) by two months per year for those age 62 starting in 2017 and ending in 2034 (EEA reaches 65 for those age 62 in 2034).