Detailed Single Year Tables

Updated May 3, 2006

Retirement Age	Description of Proposed Provision: Eliminate the hiatus in the normal retirement age (speed up the increase to age 67) and then index the normal retirement age (by 1 month every 2 years) until the NRA reaches age 70

Estimates based on the intermediate assumptions of the 2005 Trustees Report

Financial Estimates for the OASDI Trust Fund Program
Calendar year	Cost rate	Income rate	Annual balance	Trust fund ratio as of January 1	With this provision	Present law	Percentage increase
	Percentage of taxable payroll			Trust fund ratio as of January 1	OASDI taxable payroll (in billions of dollars)
2005	11.13	12.72	1.59	320	4,730	4,730	0.0
2006	11.00	12.73	1.73	337	4,985	4,985	0.0
2007	10.93	12.74	1.81	355	5,244	5,244	0.0
2008	10.95	12.78	1.84	372	5,512	5,511	0.0
2009	11.05	12.77	1.72	386	5,785	5,784	0.0
2010	11.14	12.79	1.65	399	6,068	6,065	0.0
2011	11.27	12.84	1.57	411	6,358	6,354	0.1
2012	11.48	12.86	1.39	420	6,650	6,646	0.1
2013	11.69	12.89	1.20	428	6,952	6,946	0.1
2014	11.93	12.90	0.98	433	7,265	7,258	0.1
2015	12.16	12.92	0.76	437	7,591	7,583	0.1
2016	12.38	12.94	0.55	440	7,927	7,919	0.1
2017	12.64	12.95	0.31	441	8,277	8,268	0.1
2018	12.91	12.97	0.06	439	8,639	8,630	0.1
2019	13.19	12.99	-0.21	437	9,015	9,005	0.1
2020	13.49	13.00	-0.48	432	9,401	9,391	0.1
2021	13.79	13.02	-0.77	425	9,803	9,794	0.1
2022	14.09	13.04	-1.05	417	10,217	10,209	0.1
2023	14.39	13.06	-1.33	408	10,648	10,640	0.1
2024	14.68	13.08	-1.61	397	11,093	11,085	0.1
2025	14.98	13.09	-1.88	385	11,553	11,545	0.1
2026	15.27	13.11	-2.16	372	12,032	12,024	0.1
2027	15.54	13.13	-2.41	358	12,536	12,527	0.1
2028	15.77	13.14	-2.63	343	13,063	13,054	0.1
2029	15.98	13.16	-2.82	328	13,609	13,599	0.1
2030	16.16	13.17	-3.00	312	14,176	14,166	0.1
2031	16.33	13.18	-3.15	296	14,770	14,758	0.1
2032	16.47	13.19	-3.28	279	15,393	15,381	0.1
2033	16.58	13.20	-3.38	262	16,047	16,033	0.1
2034	16.66	13.20	-3.46	244	16,728	16,714	0.1
2035	16.73	13.21	-3.52	227	17,434	17,418	0.1
2036	16.78	13.21	-3.57	209	18,170	18,153	0.1
2037	16.82	13.22	-3.60	191	18,941	18,923	0.1
2038	16.83	13.22	-3.61	172	19,746	19,728	0.1
2039	16.82	13.22	-3.60	154	20,588	20,569	0.1
2040	16.81	13.22	-3.59	135	21,464	21,442	0.1
2041	16.79	13.22	-3.56	116	22,376	22,353	0.1
2042	16.76	13.22	-3.54	97	23,327	23,302	0.1
2043	16.74	13.22	-3.52	78	24,320	24,292	0.1
2044	16.72	13.22	-3.50	58	25,351	25,321	0.1
2045	16.71	13.22	-3.49	39	26,418	26,386	0.1
2046	16.70	13.22	-3.48	18	27,526	27,491	0.1
2047	16.70	13.22	-3.47	----	28,680	28,642	0.1
2048	16.69	13.22	-3.47	----	29,883	29,842	0.1
2049	16.68	13.22	-3.46	----	31,129	31,085	0.1
2050	16.68	13.22	-3.46	----	32,422	32,374	0.1
2051	16.69	13.23	-3.46	----	33,771	33,719	0.2
2052	16.69	13.23	-3.47	----	35,175	35,120	0.2
2053	16.70	13.23	-3.48	----	36,638	36,579	0.2
2054	16.72	13.23	-3.49	----	38,165	38,101	0.2
2055	16.73	13.23	-3.50	----	39,751	39,682	0.2
2056	16.75	13.23	-3.52	----	41,398	41,324	0.2
2057	16.77	13.23	-3.54	----	43,115	43,036	0.2
2058	16.80	13.23	-3.56	----	44,902	44,817	0.2
2059	16.82	13.24	-3.58	----	46,761	46,670	0.2
2060	16.84	13.24	-3.60	----	48,696	48,600	0.2
2061	16.88	13.24	-3.64	----	50,706	50,605	0.2
2062	16.92	13.24	-3.67	----	52,806	52,699	0.2
2063	16.94	13.24	-3.70	----	54,996	54,883	0.2
2064	16.96	13.25	-3.71	----	57,275	57,155	0.2
2065	16.97	13.25	-3.73	----	59,648	59,520	0.2
2066	16.96	13.25	-3.71	----	62,103	61,964	0.2
2067	16.96	13.25	-3.71	----	64,660	64,511	0.2
2068	16.97	13.25	-3.72	----	67,341	67,183	0.2
2069	16.99	13.25	-3.74	----	70,137	69,970	0.2
2070	17.03	13.25	-3.78	----	73,043	72,868	0.2
2071	17.06	13.25	-3.81	----	76,065	75,881	0.2
2072	17.10	13.26	-3.84	----	79,208	79,015	0.2
2073	17.13	13.26	-3.88	----	82,485	82,282	0.2
2074	17.17	13.26	-3.91	----	85,898	85,685	0.2
2075	17.21	13.26	-3.94	----	89,444	89,221	0.3
2076	17.25	13.26	-3.98	----	93,135	92,900	0.3
2077	17.28	13.27	-4.01	----	96,974	96,727	0.3
2078	17.31	13.27	-4.04	----	100,970	100,711	0.3
2079	17.36	13.27	-4.09	----	105,131	104,859	0.3
2080	17.39	13.27	-4.12	----	109,460	109,174	0.3

Summarized Rates
	Years	Cost rate	Income rate	Actuarial balance		Change in actuarial balance
	2005-2079	15.06%	13.83%	-1.23%		0.69%


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Detailed Single Year Tables

Description of Proposed Provision: Eliminate the hiatus in the normal retirement age (speed up the increase to age 67) and then index the normal retirement age (by 1 month every 2 years) until the NRA reaches age 70

Description of Proposed Provision:
Eliminate the hiatus in the normal retirement age (speed up the increase to age 67) and then index the normal retirement age (by 1 month every 2 years) until the NRA reaches age 70