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Detailed Single Year Tables
Level of Monthly Benefits

Description of Proposed Provision:
Progressive price indexing (40th percentile) of PIA formula factors beginning with individuals newly eligible for OASDI benefits in 2018: Create a new bend point at the 40th percentile of the AIME distribution of newly retired workers. Maintain current-law benefits for earners at the 40th percentile and below. Reduce the 32 and 15 percent formula factors above the 40th percentile such that the initial benefit for a worker with AIME equal to the taxable maximum grows by inflation rather than the growth in average wages.

 

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
201113.3512.52-0.82
353
0.000.000.00
201213.2312.87-0.36
347
0.000.000.00
201313.1812.87-0.31
341
0.000.000.00
201413.1812.92-0.27
334
0.000.000.00
201513.2412.94-0.30
328
0.000.000.00
201613.3312.97-0.36
321
0.000.000.00
201713.4613.00-0.46
314
0.000.000.00
201813.6113.03-0.59
306
0.000.000.00
201913.8713.04-0.83
296
-0.010.000.01
202014.1813.06-1.12
285
-0.010.000.01
202114.4913.08-1.41
273
-0.030.000.03
202214.7813.10-1.69
260
-0.040.000.04
202315.0613.11-1.95
246
-0.070.000.06
202415.3113.13-2.18
232
-0.090.000.09
202515.5513.14-2.40
218
-0.13-0.010.12
202615.7613.16-2.61
203
-0.16-0.010.15
202715.9413.17-2.78
187
-0.20-0.010.19
202816.1013.18-2.92
171
-0.24-0.010.23
202916.2313.19-3.04
154
-0.29-0.010.27
203016.3213.19-3.13
137
-0.33-0.020.32
203116.3813.20-3.18
119
-0.38-0.020.36
203216.4213.20-3.22
101
-0.43-0.020.41
203316.4413.21-3.24
83
-0.49-0.030.46
203416.4413.21-3.23
65
-0.54-0.030.51
203516.4213.21-3.21
46
-0.59-0.030.56
203616.3813.21-3.17
28
-0.65-0.030.62
203716.3313.21-3.12
9
-0.71-0.040.67
203816.2513.21-3.05
----
-0.77-0.040.73
203916.1613.20-2.96
----
-0.83-0.040.78
204016.0713.20-2.87
----
-0.89-0.050.84
204115.9613.20-2.77
----
-0.95-0.050.90
204215.8613.19-2.67
----
-1.01-0.050.96
204315.7613.19-2.57
----
-1.08-0.061.02
204415.6713.18-2.48
----
-1.14-0.061.08
204515.5713.18-2.39
----
-1.21-0.061.15
204615.4813.18-2.30
----
-1.28-0.071.21
204715.3913.17-2.22
----
-1.35-0.071.27
204815.3013.17-2.14
----
-1.41-0.081.34
204915.2213.16-2.05
----
-1.48-0.081.40
205015.1413.16-1.98
----
-1.55-0.081.47
205115.0613.16-1.91
----
-1.62-0.091.53
205215.0013.15-1.84
----
-1.68-0.091.59
205314.9413.15-1.79
----
-1.75-0.091.65
205414.8913.15-1.74
----
-1.82-0.101.72
205514.8413.15-1.69
----
-1.88-0.101.78
205614.7913.15-1.65
----
-1.95-0.111.84
205714.7513.14-1.60
----
-2.01-0.111.91
205814.7013.14-1.56
----
-2.08-0.111.97
205914.6513.14-1.51
----
-2.14-0.122.02
206014.6013.14-1.46
----
-2.20-0.122.08
206114.5513.14-1.42
----
-2.26-0.122.14
206214.5013.13-1.37
----
-2.32-0.132.19
206314.4613.13-1.32
----
-2.38-0.132.25
206414.4113.13-1.28
----
-2.44-0.132.30
206514.3713.13-1.24
----
-2.50-0.142.36
206614.3413.13-1.21
----
-2.55-0.142.41
206714.3013.13-1.18
----
-2.61-0.142.47
206814.2713.12-1.15
----
-2.67-0.152.52
206914.2413.12-1.12
----
-2.73-0.152.58
207014.2213.12-1.09
----
-2.79-0.152.63
207114.1913.12-1.07
----
-2.84-0.162.69
207214.1613.12-1.05
----
-2.90-0.162.74
207314.1413.12-1.03
----
-2.96-0.162.80
207414.1213.12-1.01
----
-3.02-0.172.85
207514.1013.12-0.99
----
-3.08-0.172.91
207614.0813.12-0.96
----
-3.13-0.172.96
207714.0613.11-0.94
----
-3.19-0.183.01
207814.0413.11-0.92
----
-3.25-0.183.07
207914.0213.11-0.91
----
-3.30-0.183.12
208014.0013.11-0.89
----
-3.36-0.193.17
208113.9913.11-0.87
----
-3.41-0.193.22
208213.9713.11-0.86
----
-3.47-0.193.27
208313.9613.11-0.85
----
-3.52-0.193.32
208413.9513.11-0.84
----
-3.57-0.203.37
208513.9413.11-0.83
----
-3.61-0.203.41
208613.9413.11-0.83
----
-3.66-0.203.45



 

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 2011 Trustees Report.
2011-2085 15.00% 13.96% -1.04%
2037
-1.25% -0.07% 1.18%
 
1 Under present law, the year of exhaustion is 2036.

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Last reviewed or modified December 21, 2011