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Detailed Single Year Tables
Level of Monthly Benefits

Description of Proposed Provision:
Beginning with those newly eligible for OASDI benefits in 2018, create a new bend point at the 50th percentile of the AIME distribution of newly retired workers and gradually reduce all PIA formula factors except for the 90 percent factor. By 2051: a) the 32 percent PIA formula factor below the new bend point reduces to 30 percent; b) the 32 percent PIA factor above the new bend point reduces to 10 percent; and c) the 15 percent factor reduces to 5 percent.

 

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
201813.6213.03-0.59
306
0.000.000.00
201913.8813.04-0.83
296
0.000.000.00
202014.1913.06-1.13
284
-0.010.000.01
202114.5113.08-1.43
272
-0.010.000.01
202214.8113.10-1.71
259
-0.020.000.02
202315.0913.11-1.98
245
-0.030.000.03
202415.3613.13-2.23
231
-0.050.000.05
202515.6113.15-2.46
216
-0.070.000.06
202615.8413.16-2.68
201
-0.090.000.08
202716.0313.17-2.86
184
-0.11-0.010.11
202816.2113.18-3.02
168
-0.14-0.010.13
202916.3513.19-3.15
150
-0.17-0.010.16
203016.4513.20-3.25
132
-0.20-0.010.19
203116.5213.21-3.32
114
-0.24-0.010.22
203216.5813.21-3.37
95
-0.27-0.010.26
203316.6213.22-3.40
76
-0.31-0.020.29
203416.6313.22-3.41
57
-0.35-0.020.33
203516.6213.22-3.40
38
-0.39-0.020.37
203616.6013.22-3.38
18
-0.43-0.020.41
203716.5613.22-3.34
----
-0.48-0.030.45
203816.5013.22-3.27
----
-0.53-0.030.50
203916.4213.22-3.20
----
-0.57-0.030.54
204016.3313.22-3.12
----
-0.62-0.030.59
204116.2413.21-3.03
----
-0.67-0.040.63
204216.1513.21-2.94
----
-0.72-0.040.68
204316.0713.20-2.86
----
-0.77-0.040.73
204415.9813.20-2.78
----
-0.83-0.040.78
204515.9013.20-2.70
----
-0.88-0.050.84
204615.8213.19-2.62
----
-0.94-0.050.89
204715.7413.19-2.55
----
-1.00-0.050.95
204815.6613.19-2.47
----
-1.06-0.061.00
204915.5813.18-2.40
----
-1.12-0.061.06
205015.5113.18-2.33
----
-1.18-0.061.11
205115.4413.18-2.26
----
-1.24-0.071.17
205215.3813.18-2.21
----
-1.30-0.071.23
205315.3313.17-2.16
----
-1.36-0.071.29
205415.2813.17-2.11
----
-1.42-0.081.34
205515.2413.17-2.07
----
-1.48-0.081.40
205615.2113.17-2.04
----
-1.54-0.081.45
205715.1713.17-2.00
----
-1.59-0.091.50
205815.1413.17-1.97
----
-1.64-0.091.55
205915.1013.17-1.94
----
-1.69-0.091.60
206015.0713.16-1.91
----
-1.73-0.091.64
206115.0413.16-1.87
----
-1.78-0.101.68
206215.0113.16-1.85
----
-1.81-0.101.72
206314.9913.16-1.82
----
-1.85-0.101.75
206414.9613.16-1.80
----
-1.89-0.101.78
206514.9513.16-1.79
----
-1.92-0.111.81
206614.9413.16-1.78
----
-1.95-0.111.84
206714.9413.16-1.78
----
-1.98-0.111.87
206814.9413.16-1.78
----
-2.00-0.111.89
206914.9413.16-1.78
----
-2.03-0.111.92
207014.9513.16-1.79
----
-2.05-0.111.94
207114.9613.16-1.80
----
-2.07-0.111.96
207214.9713.16-1.81
----
-2.10-0.121.98
207314.9913.16-1.83
----
-2.11-0.122.00
207415.0113.17-1.84
----
-2.13-0.122.01
207515.0313.17-1.86
----
-2.15-0.122.03
207615.0513.17-1.88
----
-2.16-0.122.04
207715.0713.17-1.90
----
-2.18-0.122.05
207815.1013.17-1.93
----
-2.19-0.122.07
207915.1313.17-1.95
----
-2.20-0.122.08
208015.1513.18-1.98
----
-2.21-0.122.09
208115.1813.18-2.00
----
-2.22-0.122.09
208215.2113.18-2.03
----
-2.23-0.122.10
208315.2413.18-2.06
----
-2.23-0.122.11
208415.2813.18-2.09
----
-2.24-0.122.12
208515.3113.19-2.12
----
-2.25-0.132.12
208615.3413.19-2.15
----
-2.26-0.132.13



 

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 15.35% 13.98% -1.38%
2036
-0.90% -0.05% 0.85%
 
1 Under present law, the year of exhaustion is 2036.

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Last reviewed or modified December 21, 2011