Detailed Single Year Tables
Description of Proposed Provision:
B7.13: Eliminate the DI 5-month waiting period for disabled workers and disabled surviving spouses, and eliminate the 24-month Medicare (HI) waiting period for individuals who have become entitled to Social Security disability benefits. Effective with 2023 applications.
Financial Estimates for the OASDI Trust Fund Program
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
|
Expressed as a percentage of current-law taxable payroll |
Trust fund ratio as of January 1 |
Expressed as a percentage of current-law taxable payroll |
|||||||
|
Calendar year |
Cost rate |
Income rate |
Annual balance |
Cost rate |
Income rate |
Annual balance |
|||
| 2022 | 14.05 | 12.79 | -1.26 | 230 | 0.00 | 0.00 | 0.00 | ||
| 2023 | 14.34 | 13.04 | -1.30 | 210 | 0.03 | 0.00 | -0.03 | ||
| 2024 | 14.50 | 12.96 | -1.55 | 193 | 0.06 | 0.00 | -0.06 | ||
| 2025 | 14.73 | 12.97 | -1.76 | 176 | 0.08 | 0.00 | -0.08 | ||
| 2026 | 14.97 | 13.08 | -1.89 | 158 | 0.09 | 0.00 | -0.08 | ||
| 2027 | 15.19 | 13.10 | -2.09 | 140 | 0.09 | 0.00 | -0.09 | ||
| 2028 | 15.42 | 13.14 | -2.28 | 123 | 0.09 | 0.00 | -0.09 | ||
| 2029 | 15.62 | 13.18 | -2.44 | 105 | 0.09 | 0.00 | -0.09 | ||
| 2030 | 15.81 | 13.20 | -2.61 | 88 | 0.09 | 0.00 | -0.09 | ||
| 2031 | 16.00 | 13.23 | -2.77 | 70 | 0.09 | 0.00 | -0.09 | ||
| 2032 | 16.16 | 13.25 | -2.91 | 52 | 0.09 | 0.00 | -0.09 | ||
| 2033 | 16.30 | 13.26 | -3.04 | 34 | 0.09 | 0.00 | -0.09 | ||
| 2034 | 16.42 | 13.27 | -3.15 | 16 | 0.10 | 0.00 | -0.09 | ||
| 2035 | 16.52 | 13.27 | -3.24 | ---- | 0.10 | 0.00 | -0.10 | ||
| 2036 | 16.60 | 13.28 | -3.32 | ---- | 0.10 | 0.00 | -0.10 | ||
| 2037 | 16.68 | 13.29 | -3.39 | ---- | 0.10 | 0.00 | -0.10 | ||
| 2038 | 16.74 | 13.29 | -3.45 | ---- | 0.10 | 0.00 | -0.10 | ||
| 2039 | 16.79 | 13.30 | -3.49 | ---- | 0.10 | 0.00 | -0.10 | ||
| 2040 | 16.82 | 13.30 | -3.52 | ---- | 0.10 | 0.00 | -0.10 | ||
| 2041 | 16.85 | 13.30 | -3.54 | ---- | 0.11 | 0.00 | -0.10 | ||
| 2042 | 16.87 | 13.30 | -3.57 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2043 | 16.89 | 13.31 | -3.59 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2044 | 16.91 | 13.31 | -3.61 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2045 | 16.93 | 13.31 | -3.62 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2046 | 16.95 | 13.31 | -3.64 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2047 | 16.98 | 13.31 | -3.66 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2048 | 17.00 | 13.32 | -3.69 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2049 | 17.03 | 13.32 | -3.71 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2050 | 17.06 | 13.32 | -3.74 | ---- | 0.12 | 0.00 | -0.11 | ||
| 2051 | 17.10 | 13.32 | -3.77 | ---- | 0.12 | 0.00 | -0.11 | ||
| 2052 | 17.13 | 13.33 | -3.80 | ---- | 0.12 | 0.00 | -0.11 | ||
| 2053 | 17.17 | 13.33 | -3.84 | ---- | 0.12 | 0.00 | -0.11 | ||
| 2054 | 17.21 | 13.33 | -3.88 | ---- | 0.12 | 0.00 | -0.11 | ||
| 2055 | 17.26 | 13.34 | -3.93 | ---- | 0.12 | 0.00 | -0.11 | ||
| 2056 | 17.32 | 13.34 | -3.98 | ---- | 0.12 | 0.00 | -0.11 | ||
| 2057 | 17.38 | 13.35 | -4.03 | ---- | 0.12 | 0.00 | -0.11 | ||
| 2058 | 17.44 | 13.35 | -4.09 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2059 | 17.50 | 13.36 | -4.15 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2060 | 17.56 | 13.36 | -4.20 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2061 | 17.63 | 13.37 | -4.26 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2062 | 17.68 | 13.37 | -4.31 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2063 | 17.74 | 13.38 | -4.36 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2064 | 17.79 | 13.38 | -4.41 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2065 | 17.84 | 13.38 | -4.46 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2066 | 17.89 | 13.39 | -4.51 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2067 | 17.95 | 13.39 | -4.55 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2068 | 18.00 | 13.40 | -4.60 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2069 | 18.06 | 13.40 | -4.66 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2070 | 18.11 | 13.40 | -4.71 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2071 | 18.17 | 13.41 | -4.76 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2072 | 18.22 | 13.41 | -4.81 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2073 | 18.27 | 13.42 | -4.86 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2074 | 18.32 | 13.42 | -4.90 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2075 | 18.36 | 13.42 | -4.94 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2076 | 18.40 | 13.43 | -4.97 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2077 | 18.42 | 13.43 | -4.99 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2078 | 18.43 | 13.43 | -5.00 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2079 | 18.42 | 13.43 | -4.99 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2080 | 18.41 | 13.43 | -4.98 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2081 | 18.38 | 13.43 | -4.95 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2082 | 18.35 | 13.43 | -4.92 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2083 | 18.31 | 13.43 | -4.89 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2084 | 18.27 | 13.42 | -4.84 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2085 | 18.21 | 13.42 | -4.79 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2086 | 18.15 | 13.42 | -4.74 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2087 | 18.09 | 13.41 | -4.68 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2088 | 18.02 | 13.41 | -4.62 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2089 | 17.96 | 13.40 | -4.56 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2090 | 17.90 | 13.40 | -4.50 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2091 | 17.85 | 13.40 | -4.46 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2092 | 17.81 | 13.39 | -4.42 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2093 | 17.78 | 13.39 | -4.39 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2094 | 17.76 | 13.39 | -4.37 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2095 | 17.75 | 13.39 | -4.36 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2096 | 17.75 | 13.39 | -4.36 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2097 | 17.76 | 13.39 | -4.37 | ---- | 0.11 | 0.00 | -0.11 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2022-2096 | 17.30% | 13.78% | -3.52% | 2034 | 0.10% | 0.00% | -0.10% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2035. |
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Based on Intermediate Assumptions of the 2022 Trustees Report.