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Detailed Single Year Tables
Level of Monthly Benefits (PIA)

Description of Proposed Provision:
For OASI beneficiaries becoming eligible for benefits in 2023 and later, multiply the PIA factors by the ratio of life expectancy at 67 for 2018 to the life expectancy at age 67 for the 4th year prior to the year of initial benefit eligibility. Unisex life expectancies, based on period life tables as computed by SSA's Office of the Chief Actuary, would be used in determining the ratio. Disability benefits are not affected by the proposal. Disabled worker beneficiaries, upon attaining normal retirement age, would be subject to a proportional reduction in benefits based on the proportion of years at ages 22 through 61 not disabled.

 

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
201013.0912.33-0.76
355
0.000.000.00
201113.0412.91-0.12
353
0.000.000.00
201212.8412.870.03
350
0.000.000.00
201312.8212.900.08
346
0.000.000.00
201412.8612.920.06
341
0.000.000.00
201512.9812.94-0.04
335
0.000.000.00
201613.1012.96-0.14
330
0.000.000.00
201713.3012.99-0.32
324
0.000.000.00
201813.5513.01-0.53
317
0.000.000.00
201913.8413.03-0.81
309
0.000.000.00
202014.1513.05-1.10
299
0.000.000.00
202114.4513.07-1.39
289
0.000.000.00
202214.7513.08-1.66
277
0.000.000.00
202315.0313.10-1.93
264
0.000.000.00
202415.2913.12-2.17
251
0.000.000.00
202515.5313.13-2.40
237
0.000.000.00
202615.7513.15-2.60
221
-0.010.000.01
202715.9413.16-2.78
206
-0.010.000.01
202816.1113.17-2.94
189
-0.020.000.02
202916.2613.18-3.08
172
-0.030.000.03
203016.3713.19-3.18
155
-0.040.000.04
203116.4513.20-3.26
137
-0.050.000.05
203216.5213.20-3.32
118
-0.070.000.06
203316.5713.21-3.36
100
-0.080.000.08
203416.6013.21-3.39
81
-0.10-0.010.10
203516.6013.22-3.39
62
-0.12-0.010.12
203616.5913.22-3.37
43
-0.14-0.010.14
203716.5713.22-3.35
23
-0.17-0.010.16
203816.5213.22-3.30
4
-0.19-0.010.18
203916.4613.22-3.25
----
-0.22-0.010.21
204016.4013.22-3.18
----
-0.24-0.010.23
204116.3313.21-3.11
----
-0.27-0.020.26
204216.2513.21-3.04
----
-0.30-0.020.28
204316.1813.21-2.97
----
-0.33-0.020.31
204416.1113.21-2.90
----
-0.36-0.020.34
204516.0513.20-2.84
----
-0.40-0.020.37
204615.9913.20-2.79
----
-0.43-0.020.41
204715.9313.20-2.73
----
-0.47-0.030.44
204815.8713.20-2.68
----
-0.50-0.030.47
204915.8113.19-2.62
----
-0.54-0.030.51
205015.7613.19-2.57
----
-0.57-0.030.54
205115.7113.19-2.52
----
-0.61-0.030.58
205215.6713.19-2.48
----
-0.65-0.040.61
205315.6413.19-2.45
----
-0.69-0.040.65
205415.6213.19-2.43
----
-0.73-0.040.69
205515.6013.19-2.41
----
-0.77-0.040.73
205615.5813.19-2.40
----
-0.81-0.050.76
205715.5713.19-2.38
----
-0.85-0.050.80
205815.5513.19-2.36
----
-0.89-0.050.84
205915.5313.19-2.35
----
-0.93-0.050.87
206015.5213.19-2.33
----
-0.96-0.050.91
206115.5113.19-2.32
----
-1.00-0.060.95
206215.4913.19-2.30
----
-1.04-0.060.98
206315.4813.19-2.29
----
-1.08-0.061.02
206415.4713.19-2.28
----
-1.11-0.061.05
206515.4613.19-2.28
----
-1.15-0.071.09
206615.4613.19-2.27
----
-1.19-0.071.12
206715.4613.19-2.27
----
-1.23-0.071.16
206815.4613.19-2.27
----
-1.26-0.071.19
206915.4613.19-2.27
----
-1.30-0.071.23
207015.4713.19-2.28
----
-1.34-0.081.26
207115.4713.19-2.28
----
-1.38-0.081.30
207215.4813.19-2.29
----
-1.41-0.081.33
207315.4913.19-2.29
----
-1.45-0.081.37
207415.4913.19-2.30
----
-1.49-0.091.40
207515.5013.19-2.31
----
-1.53-0.091.44
207615.5113.20-2.31
----
-1.56-0.091.47
207715.5213.20-2.32
----
-1.60-0.091.51
207815.5213.20-2.33
----
-1.64-0.091.54
207915.5313.20-2.33
----
-1.67-0.101.58
208015.5413.20-2.34
----
-1.71-0.101.61
208115.5513.20-2.35
----
-1.75-0.101.65
208215.5513.20-2.35
----
-1.78-0.101.68
208315.5613.20-2.36
----
-1.82-0.101.72
208415.5713.20-2.37
----
-1.86-0.111.75
208515.5713.20-2.37
----
-1.89-0.111.78



 

Summarized Estimates
 
  Proposal
   Change from Present Law
Years Cost
rate		 Income
rate		 Actuarial
balance
Year of
exhaustion1
Cost
rate		 Income
rate		 Actuarial
balance
 
Based on Intermediate Assumptions of the 2010 Trustees Report.
2010-2084 15.42% 13.98% -1.44%
2038
-0.51% -0.03% 0.48%
 
1 Under present law, the year of exhaustion is 2037.

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Last reviewed or modified March 2, 2011