OASDI and HI Annual Income Rates, Cost Rates, and Balances

Table VI.G2.- OASDI and HI Annual Income Rates, Cost Rates, and Balances,
Calendar Years 1970-2095
[As a percentage of taxable payroll ^a]
Historical:
	OASDI			HI
Calendar year	Income rate	Cost rate ^b	Balance ^b	Income rate	Cost rate	Balance
1970	8.71	8.19	0.52	1.41	1.35	0.06
1971	9.37	9.29	.08	1.32	1.46	-.14
1972	9.21	9.18	.03	1.28	1.42	-.14
1973	9.59	9.73	-.14	2.08	1.41	.67
1974	9.58	9.78	-.19	1.88	1.53	.35
1975	9.99	10.67	-.68	1.90	1.79	.11
1976	10.06	10.88	-.83	1.80	1.93	-.13
1977	9.99	10.98	-.98	1.90	2.03	-.12
1978	10.02	10.73	-.71	2.08	2.09	-.01
1979	9.91	10.25	-.34	2.17	2.06	.11
1980	10.20	10.73	-.54	2.16	2.27	-.11
1981	11.02	11.35	-.33	2.65	2.46	.19
1982	10.92	11.94	-1.01	2.66	2.73	-.06
1983	10.95	11.50	-.55	2.66	2.63	.03
1984	11.47	11.30	.17	2.65	2.72	-.08
1985	11.66	11.07	.59	2.75	2.70	.04
1986	11.56	10.94	.62	2.93	2.62	.31
1987	11.54	10.69	.85	2.92	2.57	.36
1988	12.22	10.65	1.57	2.92	2.45	.47
1989	12.38	10.57	1.81	2.92	2.64	.29
1990	12.65	10.74	1.91	2.92	2.72	.21
1991	12.72	11.33	1.39	2.94	2.69	.25
1992	12.54	11.54	1.00	2.94	2.95	c
1993	12.44	11.72	.72	2.94	3.19	-.25
1994	12.59	11.62	.97	3.06	3.24	-.17
1995	12.52	11.67	.85	3.06	3.36	-.30
1996	12.59	11.54	1.05	3.06	3.46	-.40
1997	12.64	11.27	1.37	3.06	3.41	-.35
1998	12.51	10.87	1.64	3.08	3.04	.04
1999	12.61	10.52	2.09	3.10	2.82	.28
2000	12.62	10.40	2.23	3.11	2.65	.46
2001	12.73	10.56	2.17	3.10	2.83	.27
2002	12.90	10.89	2.01	3.10	2.99	.11
2003	12.59	11.03	1.56	3.11	3.03	.09
2004	12.53	11.05	1.48	3.12	3.08	.04
2005	12.80	11.16	1.63	3.12	3.17	-.06
2006	12.79	11.06	1.73	3.13	3.16	-.03
2007	12.85	11.32	1.53	3.14	3.17	-.02
2008	12.73	11.55	1.18	3.14	3.34	-.21
2009	13.11	13.05	.06	3.19	3.73	-.54
2010	12.54	13.47	-.92	3.20	3.76	-.55
2011	12.64	13.47	-.83	3.21	3.75	-.54
2012	12.86	13.82	-.96	3.24	3.69	-.45
2013	12.78	13.98	-1.20	3.33	3.69	-.36
2014	12.75	13.94	-1.19	3.34	3.51	-.17
2015	12.77	13.86	-1.09	3.35	3.43	-.08
2016	12.91	13.70	-.79	3.35	3.38	-.03
Intermediate:
2017	13.03	13.41	-0.38	3.37	3.33	0.04
2018	12.93	13.49	-.56	3.38	3.28	.10
2019	12.95	13.70	-.75	3.40	3.32	.08
2020	12.96	13.85	-.89	3.42	3.38	.04
2021	12.99	14.02	-1.03	3.44	3.45	-.01
2022	13.02	14.26	-1.23	3.46	3.54	-.07
2023	13.05	14.54	-1.50	3.49	3.63	-.15
2024	13.08	14.83	-1.74	3.51	3.71	-.20
2025	13.10	15.10	-2.00	3.53	3.77	-.23
2026	13.14	15.37	-2.24	3.56	3.92	-.36
2027	13.15	15.62	-2.47	3.58	4.00	-.41
2028	13.17	15.85	-2.69	3.60	4.06	-.45
2029	13.18	16.07	-2.88	3.62	4.13	-.51
2030	13.20	16.27	-3.07	3.64	4.18	-.54
2031	13.21	16.45	-3.24	3.66	4.25	-.59
2032	13.22	16.61	-3.39	3.68	4.32	-.64
2033	13.23	16.74	-3.51	3.70	4.38	-.69
2034	13.23	16.85	-3.61	3.71	4.44	-.73
2035	13.24	16.93	-3.69	3.73	4.50	-.77
2036	13.24	16.99	-3.74	3.74	4.55	-.81
2037	13.25	17.02	-3.77	3.76	4.59	-.84
2038	13.25	17.02	-3.77	3.77	4.63	-.86
2039	13.25	17.00	-3.75	3.78	4.66	-.88
2040	13.25	16.96	-3.71	3.79	4.68	-.89
2041	13.25	16.91	-3.67	3.80	4.71	-.90
2042	13.24	16.86	-3.62	3.81	4.73	-.92
2043	13.24	16.81	-3.57	3.82	4.75	-.92
2044	13.24	16.76	-3.52	3.83	4.76	-.93
2045	13.24	16.72	-3.48	3.84	4.78	-.93
2046	13.24	16.68	-3.44	3.85	4.79	-.93
2047	13.23	16.65	-3.41	3.86	4.79	-.93
2048	13.23	16.62	-3.38	3.88	4.79	-.91
2049	13.23	16.59	-3.36	3.89	4.79	-.90
2050	13.23	16.57	-3.34	3.90	4.79	-.89
2051	13.23	16.56	-3.32	3.91	4.78	-.87
2052	13.23	16.56	-3.32	3.92	4.77	-.85
2053	13.23	16.57	-3.34	3.94	4.76	-.83
2054	13.24	16.59	-3.35	3.95	4.76	-.81
2055	13.24	16.62	-3.38	3.96	4.75	-.79
2056	13.24	16.66	-3.42	3.98	4.76	-.78
2057	13.24	16.70	-3.45	3.99	4.75	-.76
2058	13.25	16.74	-3.49	4.00	4.75	-.75
2059	13.25	16.78	-3.53	4.02	4.75	-.73
2060	13.25	16.83	-3.58	4.03	4.75	-.72
2061	13.26	16.87	-3.62	4.05	4.75	-.71
2062	13.26	16.92	-3.66	4.06	4.76	-.70
2063	13.26	16.97	-3.71	4.07	4.77	-.69
2064	13.27	17.02	-3.75	4.09	4.78	-.69
2065	13.27	17.07	-3.80	4.10	4.79	-.69
2066	13.27	17.12	-3.85	4.11	4.81	-.70
2067	13.27	17.17	-3.89	4.13	4.82	-.70
2068	13.28	17.22	-3.94	4.14	4.84	-.70
2069	13.28	17.27	-3.99	4.15	4.85	-.70
2070	13.28	17.33	-4.04	4.16	4.87	-.71
2071	13.29	17.37	-4.08	4.18	4.89	-.71
2072	13.29	17.41	-4.12	4.19	4.90	-.71
2073	13.29	17.45	-4.16	4.20	4.92	-.72
2074	13.30	17.48	-4.18	4.21	4.93	-.72
2075	13.30	17.50	-4.21	4.22	4.94	-.72
2076	13.30	17.52	-4.22	4.23	4.95	-.72
2077	13.30	17.52	-4.23	4.24	4.96	-.72
2078	13.30	17.52	-4.22	4.25	4.96	-.71
2079	13.30	17.52	-4.22	4.26	4.97	-.71
2080	13.30	17.51	-4.21	4.27	4.97	-.70
2081	13.30	17.51	-4.21	4.28	4.96	-.69
2082	13.30	17.51	-4.21	4.28	4.96	-.68
2083	13.30	17.51	-4.22	4.29	4.96	-.67
2084	13.30	17.53	-4.23	4.30	4.96	-.66
2085	13.30	17.55	-4.25	4.31	4.96	-.65
2086	13.30	17.58	-4.28	4.32	4.96	-.64
2087	13.30	17.62	-4.31	4.33	4.96	-.63
2088	13.31	17.66	-4.35	4.33	4.96	-.63
2089	13.31	17.70	-4.39	4.34	4.96	-.62
2090	13.31	17.75	-4.44	4.35	4.96	-.61
2091	13.31	17.80	-4.48	4.36	4.96	-.60
2092	13.32	17.84	-4.53	4.37	4.96	-.59
2093	13.32	17.89	-4.57	4.38	4.96	-.58
2094	13.32	17.93	-4.61	4.39	4.96	-.57
2095	13.33	17.97	-4.65	4.39	4.96	-.56
Low-cost:
2017	12.96	13.20	-.24	3.36	3.21	.15
2018	12.90	13.06	-.15	3.37	3.06	.31
2019	12.91	13.06	-.15	3.39	3.03	.36
2020	12.92	13.03	-.11	3.40	3.02	.38
2021	12.94	13.05	-.11	3.42	3.03	.39
2022	12.97	13.14	-.18	3.44	3.05	.39
2023	12.98	13.26	-.27	3.46	3.07	.39
2024	13.01	13.36	-.35	3.48	3.07	.40
2025	13.02	13.45	-.43	3.50	3.06	.44
2026	13.04	13.55	-.51	3.52	3.12	.40
2027	13.05	13.68	-.63	3.54	3.12	.42
2028	13.06	13.80	-.74	3.56	3.11	.46
2029	13.07	13.91	-.84	3.58	3.10	.48
2030	13.08	14.01	-.93	3.60	3.08	.52
2031	13.09	14.10	-1.01	3.62	3.07	.55
2032	13.10	14.16	-1.07	3.64	3.06	.58
2033	13.10	14.21	-1.11	3.66	3.04	.62
2034	13.10	14.24	-1.14	3.68	3.02	.66
2035	13.11	14.25	-1.14	3.69	2.99	.70
2036	13.11	14.24	-1.13	3.71	2.97	.74
2037	13.11	14.19	-1.09	3.72	2.94	.79
2038	13.10	14.12	-1.02	3.74	2.90	.84
2039	13.10	14.04	-.94	3.75	2.86	.89
2040	13.10	13.94	-.85	3.76	2.82	.94
2041	13.09	13.84	-.75	3.78	2.78	1.00
2042	13.09	13.73	-.65	3.79	2.74	1.05
2043	13.08	13.63	-.55	3.80	2.69	1.11
2044	13.08	13.54	-.46	3.81	2.65	1.16
2045	13.07	13.45	-.38	3.83	2.61	1.21
2046	13.07	13.37	-.31	3.84	2.58	1.26
2047	13.07	13.30	-.24	3.85	2.54	1.32
2048	13.06	13.24	-.18	3.87	2.50	1.37
2049	13.06	13.18	-.12	3.88	2.46	1.42
2050	13.06	13.13	-.07	3.89	2.43	1.46
2051	13.06	13.08	-.03	3.91	2.39	1.51
2052	13.05	13.05	c	3.92	2.36	1.56
2053	13.05	13.04	.02	3.93	2.33	1.60
2054	13.05	13.03	.03	3.95	2.30	1.64
2055	13.05	13.03	.03	3.96	2.28	1.68
2056	13.06	13.03	.02	3.98	2.27	1.71
2057	13.06	13.04	.01	3.99	2.25	1.74
2058	13.06	13.05	c	4.00	2.23	1.77
2059	13.06	13.07	-.01	4.02	2.22	1.80
2060	13.06	13.08	-.02	4.03	2.21	1.82
2061	13.06	13.08	-.02	4.04	2.20	1.84
2062	13.06	13.09	-.03	4.06	2.20	1.86
2063	13.06	13.10	-.04	4.07	2.19	1.87
2064	13.06	13.11	-.04	4.08	2.20	1.88
2065	13.06	13.11	-.05	4.09	2.20	1.89
2066	13.06	13.12	-.05	4.10	2.21	1.89
2067	13.06	13.12	-.06	4.11	2.22	1.90
2068	13.06	13.12	-.06	4.12	2.22	1.90
2069	13.06	13.13	-.06	4.13	2.23	1.90
2070	13.07	13.13	-.06	4.14	2.24	1.91
2071	13.06	13.12	-.06	4.15	2.25	1.91
2072	13.06	13.11	-.05	4.16	2.25	1.91
2073	13.06	13.10	-.03	4.17	2.26	1.91
2074	13.06	13.08	-.01	4.18	2.27	1.91
2075	13.06	13.05	.01	4.19	2.27	1.91
2076	13.06	13.01	.05	4.19	2.28	1.91
2077	13.06	12.97	.09	4.20	2.28	1.92
2078	13.05	12.92	.13	4.21	2.28	1.92
2079	13.05	12.88	.18	4.21	2.29	1.93
2080	13.05	12.83	.22	4.22	2.29	1.93
2081	13.05	12.79	.26	4.22	2.29	1.94
2082	13.04	12.76	.29	4.23	2.29	1.94
2083	13.04	12.73	.31	4.23	2.29	1.95
2084	13.04	12.72	.32	4.24	2.29	1.95
2085	13.04	12.72	.32	4.25	2.29	1.96
2086	13.04	12.73	.31	4.26	2.29	1.97
2087	13.04	12.75	.29	4.26	2.29	1.98
2088	13.05	12.78	.26	4.27	2.29	1.98
2089	13.05	12.82	.23	4.28	2.29	1.99
2090	13.05	12.86	.19	4.29	2.29	2.00
2091	13.05	12.91	.14	4.30	2.29	2.01
2092	13.06	12.96	.10	4.31	2.29	2.02
2093	13.06	13.00	.06	4.32	2.29	2.03
2094	13.06	13.05	.02	4.32	2.29	2.04
2095	13.06	13.09	-.02	4.33	2.29	2.05
High-cost:
2017	13.09	13.62	-.53	3.37	3.44	-.07
2018	12.97	14.13	-1.16	3.40	3.53	-.13
2019	13.00	14.75	-1.75	3.43	3.64	-.22
2020	13.03	15.13	-2.11	3.45	3.77	-.32
2021	13.06	15.47	-2.40	3.48	3.92	-.45
2022	13.10	15.86	-2.76	3.50	4.10	-.60
2023	13.13	16.30	-3.16	3.53	4.29	-.76
2024	13.18	16.73	-3.56	3.56	4.46	-.91
2025	13.21	17.18	-3.97	3.58	4.62	-1.04
2026	13.25	17.64	-4.39	3.62	4.90	-1.29
2027	13.27	18.02	-4.75	3.64	5.10	-1.46
2028	13.29	18.38	-5.09	3.66	5.28	-1.62
2029	13.31	18.71	-5.40	3.68	5.48	-1.79
2030	13.33	19.03	-5.70	3.70	5.66	-1.96
2031	13.35	19.33	-5.98	3.72	5.87	-2.15
2032	13.36	19.60	-6.23	3.74	6.08	-2.34
2033	13.38	19.84	-6.46	3.76	6.29	-2.53
2034	13.39	20.05	-6.66	3.78	6.50	-2.72
2035	13.40	20.22	-6.82	3.80	6.71	-2.92
2036	13.41	20.38	-6.97	3.81	6.92	-3.11
2037	13.42	20.51	-7.10	3.83	7.13	-3.30
2038	13.43	20.62	-7.19	3.84	7.33	-3.49
2039	13.43	20.69	-7.26	3.85	7.52	-3.67
2040	13.43	20.75	-7.31	3.87	7.72	-3.85
2041	13.44	20.79	-7.36	3.88	7.91	-4.04
2042	13.44	20.82	-7.38	3.89	8.11	-4.22
2043	13.44	20.85	-7.41	3.90	8.30	-4.40
2044	13.44	20.88	-7.44	3.91	8.47	-4.56
2045	13.44	20.91	-7.46	3.92	8.65	-4.74
2046	13.45	20.94	-7.49	3.93	8.82	-4.89
2047	13.45	20.97	-7.52	3.94	8.97	-5.03
2048	13.45	21.00	-7.55	3.95	9.10	-5.16
2049	13.45	21.04	-7.58	3.96	9.23	-5.27
2050	13.46	21.08	-7.62	3.97	9.34	-5.37
2051	13.46	21.12	-7.66	3.98	9.45	-5.47
2052	13.46	21.19	-7.72	3.99	9.55	-5.56
2053	13.47	21.26	-7.79	4.00	9.63	-5.63
2054	13.47	21.34	-7.86	4.01	9.72	-5.71
2055	13.48	21.43	-7.95	4.02	9.80	-5.78
2056	13.48	21.52	-8.04	4.04	9.88	-5.84
2057	13.49	21.62	-8.13	4.05	9.95	-5.91
2058	13.50	21.73	-8.23	4.06	10.02	-5.96
2059	13.50	21.83	-8.33	4.07	10.07	-6.00
2060	13.51	21.94	-8.43	4.09	10.12	-6.04
2061	13.52	22.05	-8.53	4.10	10.17	-6.07
2062	13.52	22.16	-8.64	4.11	10.21	-6.10
2063	13.53	22.28	-8.75	4.13	10.26	-6.13
2064	13.54	22.40	-8.86	4.14	10.30	-6.16
2065	13.55	22.52	-8.97	4.15	10.34	-6.19
2066	13.55	22.65	-9.09	4.16	10.38	-6.21
2067	13.56	22.78	-9.21	4.18	10.41	-6.23
2068	13.57	22.91	-9.34	4.19	10.44	-6.24
2069	13.58	23.05	-9.47	4.21	10.47	-6.26
2070	13.59	23.19	-9.60	4.22	10.50	-6.28
2071	13.59	23.32	-9.73	4.23	10.53	-6.30
2072	13.60	23.45	-9.85	4.25	10.56	-6.31
2073	13.61	23.58	-9.97	4.26	10.59	-6.33
2074	13.62	23.70	-10.08	4.27	10.61	-6.34
2075	13.63	23.81	-10.19	4.29	10.64	-6.35
2076	13.63	23.92	-10.29	4.30	10.66	-6.36
2077	13.64	24.01	-10.37	4.31	10.67	-6.36
2078	13.64	24.10	-10.45	4.32	10.68	-6.35
2079	13.65	24.18	-10.53	4.33	10.68	-6.35
2080	13.65	24.25	-10.60	4.34	10.68	-6.33
2081	13.66	24.32	-10.66	4.36	10.67	-6.32
2082	13.66	24.39	-10.73	4.37	10.67	-6.30
2083	13.66	24.46	-10.80	4.38	10.66	-6.29
2084	13.67	24.53	-10.87	4.39	10.66	-6.27
2085	13.67	24.61	-10.94	4.40	10.65	-6.25
2086	13.68	24.68	-11.01	4.41	10.65	-6.24
2087	13.68	24.76	-11.08	4.42	10.64	-6.22
2088	13.69	24.83	-11.15	4.43	10.64	-6.21
2089	13.69	24.91	-11.22	4.44	10.64	-6.20
2090	13.70	24.98	-11.29	4.45	10.63	-6.18
2091	13.70	25.05	-11.35	4.46	10.63	-6.17
2092	13.71	25.12	-11.41	4.47	10.62	-6.15
2093	13.71	25.18	-11.47	4.48	10.62	-6.14
2094	13.71	25.24	-11.52	4.49	10.61	-6.12
2095	13.72	25.29	-11.57	4.50	10.61	-6.11

^a The taxable payroll for HI is significantly larger than the taxable payroll for OASDI because the HI taxable maximum amount was eliminated beginning in 1994, and because HI covers all Federal civilian employees, all State and local government employees hired after April 1, 1986, and railroad employees.
^b OASDI benefit payments which were scheduled to be paid on January 3 for some past and future years were actually paid on December 31 as required by the statutory provision for early delivery of benefit payments when the normal payment delivery date is a Saturday, Sunday, or legal public holiday. For comparability with the values for historical years and the projections in this report, all trust fund operations and asset reserves reflect the 12 months of benefits scheduled for payment each year.
^c Between -0.005 and 0.005 percent of taxable payroll.

Notes:
1. The income rate excludes interest income.
2. The Trustees show income and cost estimates generally on a cash basis for the OASDI program and on an incurred basis for the HI program.
3. Totals do not necessarily equal the sums of rounded components.

OASDI and HI Annual Income Rates, Cost Rates, and Balances — 2017 OASDI Trustees Report