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Detailed Single Year Tables

Description of Proposed Provision:
Increase the earliest eligibility age (EEA) by two months every year for those age 62 starting in 2013 and ending in 2030 (EEA reaches 65 for those age 62 in 2030).

 

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
201313.1312.87-0.27
342
-0.050.000.05
201413.0412.92-0.12
338
-0.150.000.15
201513.0812.94-0.14
333
-0.170.000.17
201613.1512.97-0.17
328
-0.180.000.18
201713.2613.01-0.26
322
-0.200.010.20
201813.4013.03-0.36
316
-0.220.010.23
201913.6413.05-0.59
308
-0.240.010.25
202013.9313.07-0.86
298
-0.260.010.28
202114.2313.10-1.13
288
-0.290.020.31
202214.5113.13-1.38
277
-0.310.030.35
202314.7813.16-1.63
265
-0.340.040.38
202415.0313.18-1.86
252
-0.370.050.42
202515.2713.20-2.07
240
-0.400.050.45
202615.4913.21-2.28
226
-0.440.050.49
202715.6713.22-2.45
212
-0.470.040.52
202815.9413.24-2.71
196
-0.400.050.45
202916.1913.25-2.93
180
-0.330.050.38
203016.4013.27-3.13
162
-0.260.050.31
203116.5713.28-3.29
144
-0.190.060.25
203216.7213.29-3.43
125
-0.140.060.20
203316.8413.29-3.55
105
-0.090.060.15
203416.9413.30-3.64
86
-0.040.060.10
203517.0213.31-3.71
65
0.000.060.06
203617.0813.31-3.77
44
0.040.060.02
203717.1213.31-3.81
23
0.080.06-0.02
203817.1413.31-3.83
2
0.120.07-0.05
203917.1413.32-3.83
----
0.160.07-0.09
204017.1413.32-3.82
----
0.180.07-0.12
204117.1213.32-3.81
----
0.210.07-0.14
204217.1113.32-3.79
----
0.230.07-0.16
204317.0913.32-3.77
----
0.250.07-0.18
204417.0813.32-3.76
----
0.260.07-0.19
204517.0713.32-3.75
----
0.280.08-0.20
204617.0513.32-3.73
----
0.290.08-0.22
204717.0513.32-3.73
----
0.310.08-0.23
204817.0513.32-3.72
----
0.330.08-0.25
204917.0413.32-3.72
----
0.340.08-0.26
205017.0413.33-3.71
----
0.350.08-0.27
205117.0413.33-3.71
----
0.360.08-0.28
205217.0513.33-3.72
----
0.370.08-0.28
205317.0613.33-3.73
----
0.370.08-0.29
205417.0813.33-3.75
----
0.380.08-0.29
205517.1013.33-3.76
----
0.380.08-0.29
205617.1213.34-3.79
----
0.380.08-0.30
205717.1513.34-3.81
----
0.380.08-0.30
205817.1713.34-3.83
----
0.390.08-0.30
205917.1813.34-3.84
----
0.390.08-0.31
206017.2013.34-3.85
----
0.390.08-0.31
206117.2113.34-3.87
----
0.400.08-0.32
206217.2313.34-3.88
----
0.400.08-0.32
206317.2513.35-3.90
----
0.410.08-0.33
206417.2713.35-3.92
----
0.420.08-0.34
206517.3013.35-3.95
----
0.430.08-0.35
206617.3313.35-3.98
----
0.440.09-0.35
206717.3613.35-4.01
----
0.450.09-0.36
206817.3913.36-4.03
----
0.450.09-0.36
206917.4213.36-4.06
----
0.450.09-0.36
207017.4513.36-4.09
----
0.450.09-0.36
207117.4913.36-4.13
----
0.450.09-0.37
207217.5313.37-4.16
----
0.460.09-0.37
207317.5713.37-4.20
----
0.460.09-0.37
207417.6113.37-4.23
----
0.460.09-0.38
207517.6513.38-4.27
----
0.470.09-0.38
207617.6813.38-4.31
----
0.470.09-0.38
207717.7213.38-4.34
----
0.470.09-0.38
207817.7613.38-4.38
----
0.470.09-0.38
207917.8013.39-4.41
----
0.480.09-0.39
208017.8413.39-4.45
----
0.480.09-0.39
208117.8813.39-4.49
----
0.480.09-0.39
208217.9213.39-4.53
----
0.480.09-0.39
208317.9713.40-4.57
----
0.490.09-0.40
208418.0113.40-4.61
----
0.490.09-0.40
208518.0513.40-4.65
----
0.500.09-0.41
208618.1013.41-4.69
----
0.510.09-0.41



 

Summarized Estimates

 
  Proposal
  Change from Present Law
Years Cost
rate
Income
rate
Actuarial
balance

Year of
exhaustion
1

Cost
rate
Income
rate
Actuarial
balance
 
Based on Intermediate Assumptions of the 2011 Trustees Report.
2011-2085 16.36% 14.08% -2.27%
2038
0.11% 0.06% -0.05%
 
1 Under present law, the year of exhaustion is 2036.

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Last reviewed or modified January 5, 2012