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Detailed Single Year Tables

Description of Proposed Provision:
Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2019-2042, until the rate reaches 14.8 percent in 2042. Then increase the payroll tax rate an additional 0.1 percentage point in each year from 2081-2085, until the rate reaches 15.3 percent for 2085 and later.

 

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
201514.1312.82-1.31
308
0.000.000.00
201613.8812.88-1.00
298
0.000.000.00
201713.8912.91-0.98
280
0.000.000.00
201813.9712.94-1.03
264
0.000.000.00
201914.0913.04-1.04
248
0.000.090.09
202014.2313.15-1.08
234
0.000.190.19
202114.3413.27-1.08
220
0.000.280.28
202214.5213.39-1.13
207
0.000.380.38
202314.7213.50-1.22
195
0.000.470.47
202414.9513.63-1.32
182
0.000.570.57
202515.1613.75-1.42
170
0.000.660.67
202615.3613.86-1.51
159
0.000.760.76
202715.5613.97-1.59
148
0.000.850.86
202815.7514.08-1.67
137
0.000.950.95
202915.9314.19-1.74
126
0.001.041.05
203016.0914.29-1.80
116
0.001.141.14
203116.2414.40-1.84
106
0.001.231.24
203216.3714.50-1.86
96
0.001.331.33
203316.4714.61-1.87
85
-0.011.421.43
203416.5514.71-1.84
75
-0.011.521.52
203516.6114.81-1.80
65
-0.011.611.62
203616.6714.91-1.76
55
-0.011.711.71
203716.7115.01-1.70
45
-0.011.801.81
203816.7215.11-1.62
36
-0.011.891.90
203916.7215.20-1.52
27
-0.011.992.00
204016.7015.30-1.40
18
-0.012.082.09
204116.6815.39-1.28
10
-0.012.182.19
204216.6515.49-1.17
3
-0.012.272.28
204316.6315.49-1.14
----
-0.022.272.29
204416.6015.49-1.11
----
-0.022.272.29
204516.5815.49-1.09
----
-0.022.272.29
204616.5515.49-1.06
----
-0.022.272.29
204716.5415.49-1.05
----
-0.022.272.30
204816.5315.49-1.03
----
-0.022.282.30
204916.5215.49-1.02
----
-0.022.282.30
205016.5215.50-1.02
----
-0.032.282.30
205116.5315.50-1.03
----
-0.032.282.30
205216.5415.50-1.04
----
-0.032.282.31
205316.5715.50-1.07
----
-0.032.282.31
205416.6115.51-1.10
----
-0.032.282.31
205516.6515.51-1.14
----
-0.032.282.31
205616.7015.51-1.19
----
-0.042.282.31
205716.7515.52-1.23
----
-0.042.282.32
205816.8115.52-1.28
----
-0.042.282.32
205916.8615.53-1.33
----
-0.042.282.32
206016.9115.53-1.38
----
-0.052.282.32
206116.9615.54-1.42
----
-0.052.282.33
206217.0115.54-1.47
----
-0.052.282.33
206317.0615.54-1.51
----
-0.052.282.33
206417.1115.55-1.56
----
-0.052.282.33
206517.1615.55-1.61
----
-0.062.282.34
206617.2215.56-1.66
----
-0.062.282.34
206717.2715.56-1.71
----
-0.062.282.34
206817.3315.56-1.76
----
-0.062.282.34
206917.3815.57-1.82
----
-0.062.282.35
207017.4415.57-1.86
----
-0.062.282.35
207117.4915.58-1.91
----
-0.072.282.35
207217.5315.58-1.95
----
-0.072.282.35
207317.5615.58-1.98
----
-0.072.292.36
207417.5915.59-2.01
----
-0.072.292.36
207517.6115.59-2.02
----
-0.072.292.36
207617.6215.59-2.03
----
-0.072.292.36
207717.6315.59-2.04
----
-0.072.292.36
207817.6315.59-2.04
----
-0.082.292.36
207917.6315.59-2.04
----
-0.082.292.37
208017.6315.59-2.04
----
-0.082.292.37
208117.6415.68-1.95
----
-0.082.382.46
208217.6515.78-1.87
----
-0.082.482.56
208317.6715.88-1.79
----
-0.082.572.65
208417.6915.97-1.72
----
-0.082.672.75
208517.7316.07-1.66
----
-0.082.762.84
208617.7616.08-1.69
----
-0.082.772.85
208717.8016.08-1.72
----
-0.082.772.85
208817.8416.08-1.76
----
-0.082.772.85
208917.8916.09-1.80
----
-0.082.772.85
209017.9316.09-1.84
----
-0.092.772.85



 

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 2015 Trustees Report.
2015-2089 16.52% 15.57% -0.94%
2042
-0.03% 1.71% 1.74%
 
1 Under present law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified September 14, 2015