Detailed Single Year Tables

Retirement Age	Description of Proposed Provision: Shorten the hiatus in the normal retirement age (start increasing to age 67 for those age 62 in 2011, rather than those age 62 in 2017) and then increase the NRA 2 months per year until the NRA reaches age 68.

			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	Trust fund ratio as of January 1	Cost rate	Income rate	Annual balance
2010	13.09	12.33	-0.76	355	0.00	0.00	0.00
2011	13.02	12.91	-0.11	353	-0.01	0.00	0.01
2012	12.81	12.87	0.06	351	-0.03	0.00	0.03
2013	12.77	12.90	0.12	347	-0.05	0.00	0.04
2014	12.80	12.92	0.12	343	-0.06	0.00	0.06
2015	12.90	12.93	0.04	339	-0.08	0.00	0.08
2016	13.00	12.96	-0.04	334	-0.10	0.00	0.10
2017	13.18	12.99	-0.19	329	-0.12	0.00	0.12
2018	13.41	13.01	-0.39	323	-0.14	0.00	0.14
2019	13.64	13.02	-0.62	317	-0.19	0.00	0.19
2020	13.89	13.04	-0.85	310	-0.25	-0.01	0.25
2021	14.11	13.06	-1.06	303	-0.34	-0.01	0.33
2022	14.33	13.07	-1.26	295	-0.41	-0.01	0.40
2023	14.56	13.09	-1.47	285	-0.47	-0.02	0.46
2024	14.77	13.10	-1.67	275	-0.52	-0.02	0.50
2025	14.98	13.11	-1.87	264	-0.55	-0.02	0.53
2026	15.19	13.13	-2.06	251	-0.57	-0.02	0.55
2027	15.38	13.14	-2.24	238	-0.58	-0.02	0.56
2028	15.54	13.15	-2.39	225	-0.59	-0.02	0.57
2029	15.68	13.16	-2.52	211	-0.60	-0.02	0.58
2030	15.79	13.17	-2.62	196	-0.61	-0.02	0.59
2031	15.87	13.18	-2.70	181	-0.63	-0.02	0.61
2032	15.94	13.18	-2.76	166	-0.65	-0.03	0.62
2033	16.00	13.19	-2.81	151	-0.66	-0.03	0.64
2034	16.03	13.19	-2.84	135	-0.67	-0.03	0.65
2035	16.04	13.20	-2.85	119	-0.68	-0.03	0.66
2036	16.05	13.20	-2.85	103	-0.69	-0.03	0.66
2037	16.04	13.20	-2.84	87	-0.70	-0.03	0.67
2038	16.01	13.20	-2.81	71	-0.70	-0.03	0.67
2039	15.97	13.20	-2.77	55	-0.71	-0.03	0.68
2040	15.93	13.20	-2.73	38	-0.71	-0.03	0.68
2041	15.87	13.20	-2.68	22	-0.72	-0.03	0.69
2042	15.82	13.20	-2.63	6	-0.73	-0.03	0.70
2043	15.78	13.20	-2.58	----	-0.73	-0.03	0.70
2044	15.74	13.19	-2.54	----	-0.74	-0.03	0.70
2045	15.71	13.19	-2.51	----	-0.74	-0.03	0.70
2046	15.68	13.19	-2.49	----	-0.73	-0.03	0.70
2047	15.67	13.19	-2.47	----	-0.73	-0.03	0.70
2048	15.65	13.19	-2.45	----	-0.73	-0.03	0.70
2049	15.62	13.19	-2.43	----	-0.73	-0.03	0.70
2050	15.60	13.19	-2.41	----	-0.73	-0.03	0.70
2051	15.59	13.19	-2.39	----	-0.74	-0.03	0.70
2052	15.59	13.19	-2.39	----	-0.74	-0.03	0.71
2053	15.59	13.20	-2.40	----	-0.74	-0.03	0.71
2054	15.61	13.20	-2.41	----	-0.74	-0.03	0.71
2055	15.63	13.20	-2.43	----	-0.74	-0.03	0.71
2056	15.66	13.20	-2.45	----	-0.73	-0.03	0.70
2057	15.68	13.20	-2.48	----	-0.73	-0.03	0.70
2058	15.71	13.21	-2.50	----	-0.73	-0.03	0.70
2059	15.73	13.21	-2.52	----	-0.73	-0.03	0.70
2060	15.76	13.21	-2.55	----	-0.73	-0.03	0.69
2061	15.78	13.21	-2.57	----	-0.73	-0.03	0.70
2062	15.80	13.21	-2.59	----	-0.73	-0.03	0.70
2063	15.83	13.22	-2.61	----	-0.73	-0.03	0.70
2064	15.86	13.22	-2.64	----	-0.73	-0.03	0.70
2065	15.89	13.22	-2.67	----	-0.73	-0.03	0.70
2066	15.92	13.22	-2.70	----	-0.73	-0.03	0.70
2067	15.96	13.23	-2.73	----	-0.73	-0.03	0.70
2068	15.99	13.23	-2.76	----	-0.73	-0.03	0.70
2069	16.03	13.23	-2.80	----	-0.73	-0.03	0.70
2070	16.07	13.23	-2.84	----	-0.74	-0.03	0.70
2071	16.11	13.24	-2.87	----	-0.74	-0.03	0.71
2072	16.15	13.24	-2.91	----	-0.75	-0.03	0.71
2073	16.19	13.24	-2.95	----	-0.75	-0.03	0.72
2074	16.23	13.25	-2.99	----	-0.75	-0.03	0.72
2075	16.27	13.25	-3.03	----	-0.75	-0.03	0.72
2076	16.32	13.25	-3.07	----	-0.76	-0.03	0.72
2077	16.36	13.25	-3.10	----	-0.76	-0.03	0.72
2078	16.40	13.26	-3.14	----	-0.76	-0.03	0.73
2079	16.44	13.26	-3.18	----	-0.76	-0.03	0.73
2080	16.49	13.26	-3.22	----	-0.77	-0.03	0.73
2081	16.53	13.26	-3.26	----	-0.77	-0.03	0.73
2082	16.57	13.27	-3.30	----	-0.77	-0.03	0.74
2083	16.61	13.27	-3.34	----	-0.77	-0.03	0.74
2084	16.65	13.27	-3.38	----	-0.77	-0.03	0.74
2085	16.69	13.28	-3.42	----	-0.78	-0.04	0.74

				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	15.36%	13.98%	-1.37%	2042	-0.57%	-0.02%	0.55%

¹ Under present law, the year of exhaustion is 2037.


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Detailed Single Year Tables

Description of Proposed Provision: Shorten the hiatus in the normal retirement age (start increasing to age 67 for those age 62 in 2011, rather than those age 62 in 2017) and then increase the NRA 2 months per year until the NRA reaches age 68.

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates

Description of Proposed Provision:
Shorten the hiatus in the normal retirement age (start increasing to age 67 for those age 62 in 2011, rather than those age 62 in 2017) and then increase the NRA 2 months per year until the NRA reaches age 68.