Detailed Single Year Tables

Description of Proposed Provision:
Progressive indexing (30th percentile) of PIA formula factors beginning with individuals newly eligible for OASI benefits in 2014, continuing through 2051, and resuming in 2072: Create a new bend point at the 30th percentile of the AIME distribution of newly retired workers. Maintain current-law benefits for earners at the 30th percentile and below. Reduce the 32 and 15 percent formula factors above the 30th percentile such that the initial benefit for a worker with AIME equal to the taxable maximum is reduced by 1.2 percent per year as compared to current law (for the years that progressive indexing applies). Disabled workers are: (a) not affected prior to normal retirement age; and (b) subject to a proportional reduction in benefits, based on the worker's years of disability, upon conversion to retired worker beneficiary status.

			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	13.23	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	13.18	12.92	-0.27	334	0.00	0.00	0.00
2015	13.24	12.94	-0.30	328	0.00	0.00	0.00
2016	13.32	12.97	-0.35	321	-0.01	0.00	0.01
2017	13.45	13.00	-0.45	314	-0.02	0.00	0.02
2018	13.59	13.03	-0.56	306	-0.03	0.00	0.03
2019	13.84	13.04	-0.80	297	-0.04	0.00	0.04
2020	14.13	13.06	-1.07	286	-0.06	0.00	0.06
2021	14.43	13.08	-1.35	275	-0.09	0.00	0.09
2022	14.71	13.09	-1.61	262	-0.12	-0.01	0.12
2023	14.97	13.11	-1.86	250	-0.16	-0.01	0.15
2024	15.21	13.12	-2.09	236	-0.20	-0.01	0.19
2025	15.44	13.14	-2.30	222	-0.24	-0.01	0.23
2026	15.64	13.15	-2.49	208	-0.28	-0.02	0.27
2027	15.81	13.16	-2.65	193	-0.33	-0.02	0.32
2028	15.96	13.17	-2.79	177	-0.39	-0.02	0.36
2029	16.08	13.18	-2.90	161	-0.44	-0.02	0.41
2030	16.16	13.18	-2.98	145	-0.49	-0.03	0.47
2031	16.21	13.19	-3.02	128	-0.55	-0.03	0.52
2032	16.24	13.19	-3.05	111	-0.61	-0.03	0.58
2033	16.25	13.20	-3.06	94	-0.67	-0.04	0.64
2034	16.24	13.20	-3.05	77	-0.74	-0.04	0.70
2035	16.21	13.20	-3.01	59	-0.80	-0.04	0.76
2036	16.17	13.20	-2.97	42	-0.87	-0.05	0.82
2037	16.11	13.20	-2.91	25	-0.93	-0.05	0.88
2038	16.02	13.19	-2.83	7	-1.00	-0.06	0.94
2039	15.92	13.19	-2.73	----	-1.07	-0.06	1.01
2040	15.82	13.19	-2.64	----	-1.13	-0.06	1.07
2041	15.71	13.18	-2.53	----	-1.20	-0.07	1.13
2042	15.61	13.18	-2.43	----	-1.27	-0.07	1.19
2043	15.50	13.17	-2.33	----	-1.33	-0.07	1.26
2044	15.41	13.17	-2.24	----	-1.40	-0.08	1.33
2045	15.31	13.16	-2.15	----	-1.47	-0.08	1.39
2046	15.22	13.16	-2.06	----	-1.54	-0.09	1.46
2047	15.13	13.15	-1.97	----	-1.61	-0.09	1.52
2048	15.04	13.15	-1.89	----	-1.68	-0.09	1.59
2049	14.95	13.15	-1.80	----	-1.75	-0.10	1.65
2050	14.86	13.14	-1.72	----	-1.82	-0.10	1.72
2051	14.79	13.14	-1.65	----	-1.89	-0.11	1.78
2052	14.72	13.13	-1.59	----	-1.96	-0.11	1.85
2053	14.66	13.13	-1.53	----	-2.03	-0.11	1.91
2054	14.61	13.13	-1.48	----	-2.10	-0.12	1.98
2055	14.56	13.13	-1.43	----	-2.16	-0.12	2.04
2056	14.51	13.13	-1.39	----	-2.23	-0.13	2.10
2057	14.47	13.12	-1.35	----	-2.29	-0.13	2.16
2058	14.43	13.12	-1.31	----	-2.35	-0.13	2.22
2059	14.39	13.12	-1.27	----	-2.41	-0.14	2.27
2060	14.35	13.12	-1.23	----	-2.46	-0.14	2.32
2061	14.31	13.12	-1.19	----	-2.50	-0.14	2.36
2062	14.28	13.12	-1.16	----	-2.55	-0.15	2.40
2063	14.25	13.11	-1.13	----	-2.59	-0.15	2.44
2064	14.22	13.11	-1.11	----	-2.63	-0.15	2.48
2065	14.21	13.11	-1.09	----	-2.66	-0.15	2.51
2066	14.20	13.11	-1.08	----	-2.69	-0.15	2.54
2067	14.19	13.11	-1.08	----	-2.73	-0.16	2.57
2068	14.18	13.11	-1.07	----	-2.75	-0.16	2.60
2069	14.19	13.11	-1.07	----	-2.78	-0.16	2.62
2070	14.19	13.11	-1.08	----	-2.81	-0.16	2.65
2071	14.20	13.11	-1.09	----	-2.83	-0.16	2.67
2072	14.21	13.12	-1.10	----	-2.85	-0.16	2.69
2073	14.23	13.12	-1.11	----	-2.88	-0.16	2.71
2074	14.24	13.12	-1.13	----	-2.90	-0.17	2.73
2075	14.26	13.12	-1.14	----	-2.92	-0.17	2.75
2076	14.27	13.12	-1.15	----	-2.94	-0.17	2.77
2077	14.29	13.12	-1.17	----	-2.96	-0.17	2.79
2078	14.30	13.12	-1.18	----	-2.98	-0.17	2.81
2079	14.32	13.12	-1.19	----	-3.01	-0.17	2.84
2080	14.33	13.12	-1.20	----	-3.03	-0.17	2.86
2081	14.34	13.12	-1.21	----	-3.06	-0.18	2.89
2082	14.34	13.13	-1.22	----	-3.09	-0.18	2.92
2083	14.35	13.13	-1.23	----	-3.13	-0.18	2.95
2084	14.36	13.13	-1.23	----	-3.16	-0.18	2.98
2085	14.36	13.13	-1.23	----	-3.20	-0.18	3.01
2086	14.36	13.13	-1.23	----	-3.24	-0.19	3.05

				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	14.90%	13.95%	-0.95%	2038	-1.35%	-0.08%	1.28%

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