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Description of Proposed Provision:
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  | Financial Estimates for the OASDI Trust Fund Program |
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Proposal |
  |
Change from Present Law |
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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 |
|||
2011 | 13.35 | 12.52 | -0.82 | 353 | 0.00 | 0.00 | 0.00 | ||
2012 | 13.23 | 12.87 | -0.36 | 347 | 0.00 | 0.00 | 0.00 | ||
2013 | 13.18 | 12.87 | -0.31 | 341 | 0.00 | 0.00 | 0.00 | ||
2014 | 13.21 | 12.92 | -0.29 | 333 | 0.02 | 0.00 | -0.02 | ||
2015 | 13.29 | 12.94 | -0.35 | 326 | 0.05 | 0.00 | -0.05 | ||
2016 | 13.40 | 12.97 | -0.43 | 319 | 0.07 | 0.00 | -0.07 | ||
2017 | 13.56 | 13.01 | -0.55 | 311 | 0.10 | 0.00 | -0.09 | ||
2018 | 13.74 | 13.03 | -0.70 | 301 | 0.12 | 0.01 | -0.11 | ||
2019 | 14.02 | 13.05 | -0.97 | 290 | 0.14 | 0.01 | -0.14 | ||
2020 | 14.36 | 13.07 | -1.29 | 278 | 0.17 | 0.01 | -0.16 | ||
2021 | 14.71 | 13.09 | -1.62 | 264 | 0.19 | 0.01 | -0.18 | ||
2022 | 15.04 | 13.11 | -1.93 | 250 | 0.21 | 0.01 | -0.20 | ||
2023 | 15.36 | 13.13 | -2.23 | 234 | 0.23 | 0.01 | -0.22 | ||
2024 | 15.66 | 13.15 | -2.51 | 218 | 0.26 | 0.01 | -0.24 | ||
2025 | 15.95 | 13.16 | -2.79 | 201 | 0.28 | 0.01 | -0.26 | ||
2026 | 16.22 | 13.18 | -3.04 | 184 | 0.30 | 0.02 | -0.28 | ||
2027 | 16.46 | 13.19 | -3.27 | 165 | 0.31 | 0.02 | -0.30 | ||
2028 | 16.68 | 13.21 | -3.47 | 146 | 0.33 | 0.02 | -0.32 | ||
2029 | 16.87 | 13.22 | -3.65 | 126 | 0.35 | 0.02 | -0.33 | ||
2030 | 17.02 | 13.23 | -3.79 | 106 | 0.37 | 0.02 | -0.35 | ||
2031 | 17.14 | 13.24 | -3.90 | 84 | 0.38 | 0.02 | -0.36 | ||
2032 | 17.25 | 13.25 | -4.00 | 63 | 0.39 | 0.02 | -0.37 | ||
2033 | 17.34 | 13.26 | -4.08 | 40 | 0.41 | 0.02 | -0.39 | ||
2034 | 17.40 | 13.26 | -4.14 | 18 | 0.42 | 0.02 | -0.40 | ||
2035 | 17.44 | 13.27 | -4.18 | ---- | 0.43 | 0.02 | -0.41 | ||
2036 | 17.47 | 13.27 | -4.20 | ---- | 0.44 | 0.02 | -0.42 | ||
2037 | 17.49 | 13.27 | -4.22 | ---- | 0.45 | 0.02 | -0.42 | ||
2038 | 17.47 | 13.27 | -4.20 | ---- | 0.45 | 0.02 | -0.43 | ||
2039 | 17.45 | 13.27 | -4.18 | ---- | 0.46 | 0.02 | -0.44 | ||
2040 | 17.42 | 13.27 | -4.15 | ---- | 0.47 | 0.02 | -0.44 | ||
2041 | 17.38 | 13.27 | -4.11 | ---- | 0.47 | 0.03 | -0.44 | ||
2042 | 17.34 | 13.27 | -4.07 | ---- | 0.47 | 0.03 | -0.45 | ||
2043 | 17.31 | 13.27 | -4.04 | ---- | 0.47 | 0.03 | -0.45 | ||
2044 | 17.29 | 13.27 | -4.02 | ---- | 0.48 | 0.03 | -0.45 | ||
2045 | 17.27 | 13.27 | -3.99 | ---- | 0.48 | 0.03 | -0.45 | ||
2046 | 17.24 | 13.27 | -3.97 | ---- | 0.48 | 0.03 | -0.45 | ||
2047 | 17.22 | 13.27 | -3.95 | ---- | 0.48 | 0.03 | -0.45 | ||
2048 | 17.20 | 13.27 | -3.93 | ---- | 0.48 | 0.03 | -0.45 | ||
2049 | 17.18 | 13.27 | -3.91 | ---- | 0.48 | 0.03 | -0.45 | ||
2050 | 17.17 | 13.27 | -3.90 | ---- | 0.48 | 0.03 | -0.45 | ||
2051 | 17.16 | 13.27 | -3.89 | ---- | 0.48 | 0.03 | -0.45 | ||
2052 | 17.16 | 13.27 | -3.89 | ---- | 0.48 | 0.03 | -0.45 | ||
2053 | 17.17 | 13.27 | -3.90 | ---- | 0.48 | 0.03 | -0.45 | ||
2054 | 17.18 | 13.27 | -3.91 | ---- | 0.48 | 0.03 | -0.45 | ||
2055 | 17.20 | 13.28 | -3.92 | ---- | 0.48 | 0.03 | -0.45 | ||
2056 | 17.22 | 13.28 | -3.94 | ---- | 0.48 | 0.03 | -0.45 | ||
2057 | 17.24 | 13.28 | -3.96 | ---- | 0.48 | 0.03 | -0.46 | ||
2058 | 17.26 | 13.28 | -3.98 | ---- | 0.48 | 0.03 | -0.46 | ||
2059 | 17.28 | 13.28 | -3.99 | ---- | 0.48 | 0.03 | -0.46 | ||
2060 | 17.29 | 13.29 | -4.00 | ---- | 0.49 | 0.03 | -0.46 | ||
2061 | 17.30 | 13.29 | -4.01 | ---- | 0.49 | 0.03 | -0.46 | ||
2062 | 17.31 | 13.29 | -4.02 | ---- | 0.49 | 0.03 | -0.46 | ||
2063 | 17.33 | 13.29 | -4.04 | ---- | 0.49 | 0.03 | -0.46 | ||
2064 | 17.34 | 13.29 | -4.05 | ---- | 0.49 | 0.03 | -0.46 | ||
2065 | 17.36 | 13.29 | -4.07 | ---- | 0.49 | 0.03 | -0.47 | ||
2066 | 17.38 | 13.29 | -4.09 | ---- | 0.49 | 0.03 | -0.47 | ||
2067 | 17.41 | 13.30 | -4.11 | ---- | 0.50 | 0.03 | -0.47 | ||
2068 | 17.44 | 13.30 | -4.14 | ---- | 0.50 | 0.03 | -0.47 | ||
2069 | 17.47 | 13.30 | -4.17 | ---- | 0.50 | 0.03 | -0.47 | ||
2070 | 17.50 | 13.30 | -4.20 | ---- | 0.50 | 0.03 | -0.47 | ||
2071 | 17.54 | 13.30 | -4.23 | ---- | 0.50 | 0.03 | -0.48 | ||
2072 | 17.57 | 13.31 | -4.27 | ---- | 0.51 | 0.03 | -0.48 | ||
2073 | 17.61 | 13.31 | -4.30 | ---- | 0.51 | 0.03 | -0.48 | ||
2074 | 17.65 | 13.31 | -4.34 | ---- | 0.51 | 0.03 | -0.48 | ||
2075 | 17.69 | 13.31 | -4.38 | ---- | 0.51 | 0.03 | -0.48 | ||
2076 | 17.73 | 13.32 | -4.41 | ---- | 0.51 | 0.03 | -0.49 | ||
2077 | 17.76 | 13.32 | -4.45 | ---- | 0.52 | 0.03 | -0.49 | ||
2078 | 17.80 | 13.32 | -4.48 | ---- | 0.52 | 0.03 | -0.49 | ||
2079 | 17.84 | 13.32 | -4.52 | ---- | 0.52 | 0.03 | -0.49 | ||
2080 | 17.88 | 13.33 | -4.55 | ---- | 0.52 | 0.03 | -0.49 | ||
2081 | 17.92 | 13.33 | -4.59 | ---- | 0.52 | 0.03 | -0.49 | ||
2082 | 17.96 | 13.33 | -4.63 | ---- | 0.52 | 0.03 | -0.49 | ||
2083 | 18.00 | 13.34 | -4.67 | ---- | 0.53 | 0.03 | -0.50 | ||
2084 | 18.04 | 13.34 | -4.71 | ---- | 0.53 | 0.03 | -0.50 | ||
2085 | 18.08 | 13.34 | -4.74 | ---- | 0.53 | 0.03 | -0.50 | ||
2086 | 18.12 | 13.34 | -4.78 | ---- | 0.53 | 0.03 | -0.50 |
  | Summarized Estimates |
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  |
Proposal |
  |
Change from Present Law |
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---|---|---|---|---|---|---|---|---|---|
Years | Cost rate |
Income rate |
Actuarial balance |
Year of exhaustion1 |
Cost rate |
Income rate |
Actuarial balance |
||
Based on Intermediate Assumptions of the 2011 Trustees Report. | |||||||||
2011-2085 | 16.62% | 14.04% | -2.58% | 2034 | 0.37% | 0.02% | -0.35% | ||
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1 Under present law, the year of exhaustion
is 2036. |
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