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Description of Proposed Provision:
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  | Financial Estimates for the OASDI Trust Fund Program |
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Proposal |
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Change from Present Law |
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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 |
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2012 | 13.83 | 12.89 | -0.93 | 340 | 0.00 | 0.00 | 0.00 | ||
2013 | 14.03 | 12.83 | -1.20 | 327 | 0.08 | 0.00 | -0.08 | ||
2014 | 14.06 | 12.94 | -1.13 | 313 | 0.08 | 0.00 | -0.08 | ||
2015 | 14.04 | 12.96 | -1.09 | 299 | 0.08 | 0.00 | -0.07 | ||
2016 | 14.01 | 12.98 | -1.03 | 286 | 0.07 | 0.00 | -0.07 | ||
2017 | 13.99 | 13.01 | -0.98 | 274 | 0.07 | 0.00 | -0.07 | ||
2018 | 14.03 | 13.04 | -0.99 | 262 | 0.07 | 0.00 | -0.07 | ||
2019 | 14.20 | 13.06 | -1.15 | 249 | 0.07 | 0.00 | -0.07 | ||
2020 | 14.44 | 13.08 | -1.37 | 236 | 0.07 | 0.00 | -0.07 | ||
2021 | 14.72 | 13.11 | -1.62 | 222 | 0.07 | 0.00 | -0.07 | ||
2022 | 15.04 | 13.13 | -1.91 | 207 | 0.07 | 0.00 | -0.07 | ||
2023 | 15.36 | 13.15 | -2.21 | 192 | 0.07 | 0.00 | -0.07 | ||
2024 | 15.67 | 13.17 | -2.50 | 175 | 0.07 | 0.00 | -0.07 | ||
2025 | 15.95 | 13.18 | -2.77 | 158 | 0.07 | 0.00 | -0.07 | ||
2026 | 16.22 | 13.20 | -3.03 | 141 | 0.07 | 0.00 | -0.07 | ||
2027 | 16.49 | 13.21 | -3.27 | 123 | 0.07 | 0.00 | -0.07 | ||
2028 | 16.71 | 13.23 | -3.48 | 103 | 0.07 | 0.00 | -0.07 | ||
2029 | 16.90 | 13.24 | -3.66 | 83 | 0.07 | 0.00 | -0.07 | ||
2030 | 17.08 | 13.25 | -3.82 | 63 | 0.07 | 0.00 | -0.07 | ||
2031 | 17.22 | 13.26 | -3.95 | 41 | 0.07 | 0.00 | -0.07 | ||
2032 | 17.32 | 13.27 | -4.05 | 19 | 0.07 | 0.00 | -0.07 | ||
2033 | 17.40 | 13.27 | -4.13 | ---- | 0.07 | 0.00 | -0.07 | ||
2034 | 17.45 | 13.28 | -4.17 | ---- | 0.07 | 0.00 | -0.07 | ||
2035 | 17.48 | 13.28 | -4.20 | ---- | 0.07 | 0.00 | -0.07 | ||
2036 | 17.50 | 13.28 | -4.21 | ---- | 0.07 | 0.00 | -0.07 | ||
2037 | 17.50 | 13.29 | -4.22 | ---- | 0.07 | 0.00 | -0.07 | ||
2038 | 17.49 | 13.29 | -4.21 | ---- | 0.07 | 0.00 | -0.07 | ||
2039 | 17.46 | 13.29 | -4.18 | ---- | 0.07 | 0.00 | -0.07 | ||
2040 | 17.43 | 13.29 | -4.14 | ---- | 0.07 | 0.00 | -0.07 | ||
2041 | 17.39 | 13.28 | -4.11 | ---- | 0.07 | 0.00 | -0.07 | ||
2042 | 17.35 | 13.28 | -4.07 | ---- | 0.07 | 0.00 | -0.07 | ||
2043 | 17.32 | 13.28 | -4.03 | ---- | 0.07 | 0.00 | -0.07 | ||
2044 | 17.28 | 13.28 | -4.00 | ---- | 0.07 | 0.00 | -0.07 | ||
2045 | 17.26 | 13.28 | -3.98 | ---- | 0.07 | 0.00 | -0.07 | ||
2046 | 17.23 | 13.28 | -3.95 | ---- | 0.07 | 0.00 | -0.07 | ||
2047 | 17.21 | 13.28 | -3.93 | ---- | 0.07 | 0.00 | -0.07 | ||
2048 | 17.18 | 13.28 | -3.91 | ---- | 0.07 | 0.00 | -0.07 | ||
2049 | 17.17 | 13.28 | -3.89 | ---- | 0.07 | 0.00 | -0.07 | ||
2050 | 17.15 | 13.28 | -3.87 | ---- | 0.07 | 0.00 | -0.07 | ||
2051 | 17.14 | 13.28 | -3.86 | ---- | 0.07 | 0.00 | -0.07 | ||
2052 | 17.14 | 13.28 | -3.86 | ---- | 0.07 | 0.00 | -0.07 | ||
2053 | 17.14 | 13.28 | -3.86 | ---- | 0.07 | 0.00 | -0.07 | ||
2054 | 17.15 | 13.28 | -3.87 | ---- | 0.07 | 0.00 | -0.07 | ||
2055 | 17.16 | 13.28 | -3.88 | ---- | 0.07 | 0.00 | -0.07 | ||
2056 | 17.18 | 13.28 | -3.89 | ---- | 0.07 | 0.00 | -0.07 | ||
2057 | 17.19 | 13.28 | -3.91 | ---- | 0.07 | 0.00 | -0.07 | ||
2058 | 17.21 | 13.29 | -3.92 | ---- | 0.07 | 0.00 | -0.07 | ||
2059 | 17.22 | 13.29 | -3.93 | ---- | 0.07 | 0.00 | -0.07 | ||
2060 | 17.22 | 13.29 | -3.94 | ---- | 0.07 | 0.00 | -0.07 | ||
2061 | 17.23 | 13.29 | -3.94 | ---- | 0.07 | 0.00 | -0.07 | ||
2062 | 17.24 | 13.29 | -3.95 | ---- | 0.07 | 0.00 | -0.07 | ||
2063 | 17.25 | 13.29 | -3.96 | ---- | 0.07 | 0.00 | -0.07 | ||
2064 | 17.26 | 13.29 | -3.96 | ---- | 0.07 | 0.00 | -0.07 | ||
2065 | 17.27 | 13.29 | -3.98 | ---- | 0.07 | 0.00 | -0.07 | ||
2066 | 17.29 | 13.29 | -3.99 | ---- | 0.07 | 0.00 | -0.07 | ||
2067 | 17.31 | 13.29 | -4.01 | ---- | 0.07 | 0.00 | -0.07 | ||
2068 | 17.34 | 13.30 | -4.04 | ---- | 0.07 | 0.00 | -0.07 | ||
2069 | 17.36 | 13.30 | -4.07 | ---- | 0.07 | 0.00 | -0.07 | ||
2070 | 17.39 | 13.30 | -4.09 | ---- | 0.07 | 0.00 | -0.07 | ||
2071 | 17.42 | 13.30 | -4.12 | ---- | 0.07 | 0.00 | -0.07 | ||
2072 | 17.45 | 13.30 | -4.14 | ---- | 0.07 | 0.00 | -0.07 | ||
2073 | 17.47 | 13.31 | -4.17 | ---- | 0.07 | 0.00 | -0.07 | ||
2074 | 17.50 | 13.31 | -4.19 | ---- | 0.07 | 0.00 | -0.07 | ||
2075 | 17.53 | 13.31 | -4.22 | ---- | 0.07 | 0.00 | -0.07 | ||
2076 | 17.55 | 13.31 | -4.24 | ---- | 0.07 | 0.00 | -0.06 | ||
2077 | 17.58 | 13.31 | -4.27 | ---- | 0.07 | 0.00 | -0.06 | ||
2078 | 17.61 | 13.31 | -4.29 | ---- | 0.07 | 0.00 | -0.06 | ||
2079 | 17.64 | 13.32 | -4.32 | ---- | 0.07 | 0.00 | -0.06 | ||
2080 | 17.67 | 13.32 | -4.35 | ---- | 0.07 | 0.00 | -0.06 | ||
2081 | 17.71 | 13.32 | -4.39 | ---- | 0.07 | 0.00 | -0.06 | ||
2082 | 17.74 | 13.32 | -4.42 | ---- | 0.07 | 0.00 | -0.06 | ||
2083 | 17.78 | 13.33 | -4.46 | ---- | 0.07 | 0.00 | -0.06 | ||
2084 | 17.82 | 13.33 | -4.49 | ---- | 0.07 | 0.00 | -0.06 | ||
2085 | 17.86 | 13.33 | -4.53 | ---- | 0.07 | 0.00 | -0.06 | ||
2086 | 17.90 | 13.33 | -4.57 | ---- | 0.07 | 0.00 | -0.06 | ||
2087 | 17.94 | 13.34 | -4.60 | ---- | 0.07 | 0.00 | -0.06 |
  | Summarized Estimates |
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  |
Proposal |
  |
Change from Present Law |
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Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
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Based on Intermediate Assumptions of the 2012 Trustees Report. | |||||||||
2012-2086 | 16.76% | 14.02% | -2.73% | 2032 | 0.07% | 0.00% | -0.07% | ||
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1 Under present law, the year of Trust
Fund reserve depletion is 2033. |
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