Detailed Single Year Tables

Description of Proposed Provision:
Beginning in 2012, reconfigure the special minimum benefit: (a) A year of coverage is defined to be either a year in which 4 quarters of coverage are earned or a child is in care. Childcare years are granted to parents who have a child under 5, with a limit of 8 such years. (b) At implementation, set the PIA for 30 years of coverage equal to 125 percent of the monthly poverty level (about $1,128 in 2010). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $1,128/20 = $56.40. (c) Index the initial PIA per year of coverage by wage growth for successive cohorts.

			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
2011	13.35	12.52	-0.82	353	0.00	0.00	0.00
2012	13.24	12.87	-0.37	347	0.01	0.00	-0.01
2013	13.20	12.87	-0.33	340	0.02	0.00	-0.02
2014	13.22	12.92	-0.30	333	0.03	0.00	-0.03
2015	13.29	12.94	-0.35	326	0.05	0.00	-0.05
2016	13.39	12.97	-0.42	319	0.06	0.00	-0.06
2017	13.54	13.00	-0.54	311	0.08	0.00	-0.08
2018	13.71	13.03	-0.68	302	0.09	0.00	-0.09
2019	13.99	13.05	-0.94	291	0.11	0.00	-0.10
2020	14.32	13.07	-1.25	279	0.12	0.01	-0.12
2021	14.66	13.09	-1.57	266	0.14	0.01	-0.13
2022	14.98	13.11	-1.87	252	0.15	0.01	-0.14
2023	15.29	13.12	-2.17	237	0.17	0.01	-0.16
2024	15.58	13.14	-2.44	221	0.18	0.01	-0.17
2025	15.87	13.16	-2.71	205	0.19	0.01	-0.18
2026	16.13	13.17	-2.96	187	0.21	0.01	-0.20
2027	16.36	13.19	-3.18	169	0.22	0.01	-0.21
2028	16.58	13.20	-3.37	151	0.23	0.01	-0.22
2029	16.76	13.21	-3.54	131	0.24	0.01	-0.23
2030	16.91	13.22	-3.68	111	0.25	0.01	-0.24
2031	17.02	13.23	-3.79	91	0.26	0.01	-0.25
2032	17.13	13.24	-3.88	69	0.27	0.01	-0.26
2033	17.21	13.25	-3.96	48	0.28	0.01	-0.27
2034	17.27	13.25	-4.02	26	0.29	0.01	-0.28
2035	17.31	13.26	-4.06	3	0.30	0.02	-0.28
2036	17.34	13.26	-4.08	----	0.31	0.02	-0.29
2037	17.36	13.26	-4.09	----	0.32	0.02	-0.30
2038	17.34	13.27	-4.08	----	0.32	0.02	-0.31
2039	17.32	13.27	-4.05	----	0.33	0.02	-0.31
2040	17.29	13.27	-4.02	----	0.33	0.02	-0.32
2041	17.25	13.26	-3.99	----	0.34	0.02	-0.32
2042	17.22	13.26	-3.95	----	0.34	0.02	-0.33
2043	17.19	13.26	-3.92	----	0.35	0.02	-0.33
2044	17.17	13.26	-3.90	----	0.35	0.02	-0.33
2045	17.14	13.26	-3.88	----	0.36	0.02	-0.34
2046	17.12	13.26	-3.86	----	0.36	0.02	-0.34
2047	17.10	13.26	-3.84	----	0.37	0.02	-0.35
2048	17.09	13.26	-3.83	----	0.37	0.02	-0.35
2049	17.07	13.26	-3.81	----	0.37	0.02	-0.35
2050	17.06	13.26	-3.80	----	0.38	0.02	-0.36
2051	17.06	13.26	-3.80	----	0.38	0.02	-0.36
2052	17.07	13.27	-3.80	----	0.39	0.02	-0.37
2053	17.08	13.27	-3.81	----	0.39	0.02	-0.37
2054	17.10	13.27	-3.83	----	0.39	0.02	-0.37
2055	17.12	13.27	-3.85	----	0.40	0.02	-0.38
2056	17.14	13.27	-3.87	----	0.40	0.02	-0.38
2057	17.17	13.28	-3.89	----	0.40	0.02	-0.38
2058	17.19	13.28	-3.91	----	0.41	0.02	-0.38
2059	17.20	13.28	-3.92	----	0.41	0.02	-0.39
2060	17.21	13.28	-3.93	----	0.41	0.02	-0.39
2061	17.23	13.28	-3.94	----	0.41	0.02	-0.39
2062	17.24	13.28	-3.95	----	0.41	0.02	-0.39
2063	17.25	13.28	-3.97	----	0.41	0.02	-0.39
2064	17.27	13.29	-3.98	----	0.42	0.02	-0.39
2065	17.29	13.29	-4.00	----	0.42	0.02	-0.39
2066	17.31	13.29	-4.02	----	0.42	0.02	-0.40
2067	17.33	13.29	-4.04	----	0.42	0.02	-0.40
2068	17.36	13.29	-4.07	----	0.42	0.02	-0.40
2069	17.39	13.30	-4.10	----	0.42	0.02	-0.40
2070	17.43	13.30	-4.13	----	0.42	0.02	-0.40
2071	17.46	13.30	-4.16	----	0.42	0.02	-0.40
2072	17.49	13.30	-4.19	----	0.43	0.02	-0.40
2073	17.53	13.30	-4.23	----	0.43	0.02	-0.40
2074	17.57	13.31	-4.26	----	0.43	0.02	-0.40
2075	17.61	13.31	-4.30	----	0.43	0.02	-0.40
2076	17.64	13.31	-4.33	----	0.43	0.02	-0.41
2077	17.68	13.31	-4.37	----	0.43	0.02	-0.41
2078	17.72	13.32	-4.40	----	0.43	0.02	-0.41
2079	17.76	13.32	-4.44	----	0.43	0.02	-0.41
2080	17.79	13.32	-4.47	----	0.43	0.02	-0.41
2081	17.83	13.32	-4.51	----	0.43	0.02	-0.41
2082	17.87	13.33	-4.55	----	0.43	0.02	-0.41
2083	17.91	13.33	-4.58	----	0.44	0.02	-0.41
2084	17.95	13.33	-4.62	----	0.44	0.02	-0.41
2085	17.99	13.33	-4.66	----	0.44	0.02	-0.41
2086	18.03	13.34	-4.69	----	0.44	0.02	-0.41

				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	16.54%	14.04%	-2.50%	2035	0.29%	0.02%	-0.28%

¹ Under present law, the year of exhaustion is 2036.


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Detailed Single Year Tables

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates