Skip to content
Social Security Online
Actuarial Publications
Solvency provisions SSA logo: link to Social Security Online home

Detailed Single Year Tables

Description of Proposed Provision:
Progressive price indexing (50th percentile) of PIA formula factors for individuals newly eligible for OASI benefits in 2017 through 2056: Create a new bend point at the 50th percentile of the AIME distribution of newly retired workers. Maintain current-law benefit credit for earners at the 50th percentile and below. Reduce the 32 and 15 formula factors above the 50th percentile such that the initial benefit for a worker with AIME equal to the taxable maximum grows by inflation rather than the growth in the SSA average wage index. 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

Cost
rate
Income
rate
Annual
balance
201213.8312.89-0.93
340
0.000.000.00
201313.9512.83-1.12
329
0.000.000.00
201413.9812.93-1.05
315
0.000.000.00
201513.9712.95-1.01
302
0.000.000.00
201613.9412.98-0.96
290
0.000.000.00
201713.9113.01-0.91
277
0.000.000.00
201813.9613.03-0.92
266
-0.010.000.00
201914.1213.05-1.07
254
-0.010.000.01
202014.3513.07-1.28
241
-0.020.000.02
202114.6213.10-1.51
228
-0.040.000.04
202214.9113.12-1.79
214
-0.060.000.06
202315.2013.14-2.06
199
-0.090.000.08
202415.4813.16-2.32
184
-0.12-0.010.11
202515.7313.17-2.56
168
-0.16-0.010.15
202615.9613.18-2.77
152
-0.19-0.010.18
202716.1813.20-2.98
135
-0.24-0.010.22
202816.3613.21-3.15
117
-0.28-0.020.26
202916.5113.22-3.29
99
-0.32-0.020.31
203016.6413.23-3.41
80
-0.37-0.020.35
203116.7313.24-3.50
61
-0.41-0.020.39
203216.7913.24-3.55
41
-0.46-0.030.43
203316.8213.24-3.58
21
-0.51-0.030.48
203416.8313.24-3.58
0
-0.55-0.030.52
203516.8113.24-3.56
----
-0.60-0.030.57
203616.7813.24-3.53
----
-0.65-0.040.61
203716.7413.24-3.49
----
-0.70-0.040.66
203816.6813.24-3.43
----
-0.75-0.040.70
203916.6013.24-3.36
----
-0.79-0.040.75
204016.5213.23-3.28
----
-0.84-0.050.79
204116.4313.23-3.20
----
-0.89-0.050.84
204216.3413.23-3.11
----
-0.94-0.050.89
204316.2513.22-3.03
----
-0.99-0.060.93
204416.1713.22-2.96
----
-1.04-0.060.98
204516.1013.21-2.88
----
-1.09-0.061.03
204616.0213.21-2.81
----
-1.14-0.061.07
204715.9513.21-2.74
----
-1.19-0.071.12
204815.8813.20-2.68
----
-1.23-0.071.16
204915.8113.20-2.61
----
-1.28-0.071.21
205015.7513.20-2.55
----
-1.33-0.081.25
205115.7013.20-2.50
----
-1.37-0.081.30
205215.6513.19-2.46
----
-1.42-0.081.34
205315.6113.19-2.42
----
-1.46-0.081.38
205415.5713.19-2.38
----
-1.51-0.091.42
205515.5413.19-2.35
----
-1.55-0.091.47
205615.5113.19-2.32
----
-1.60-0.091.51
205715.4813.19-2.29
----
-1.65-0.091.55
205815.4513.19-2.26
----
-1.69-0.101.59
205915.4213.18-2.23
----
-1.73-0.101.63
206015.3813.18-2.20
----
-1.77-0.101.67
206115.3513.18-2.17
----
-1.81-0.101.71
206215.3213.18-2.14
----
-1.85-0.111.74
206315.2913.18-2.11
----
-1.88-0.111.77
206415.2713.18-2.09
----
-1.92-0.111.81
206515.2513.18-2.08
----
-1.95-0.111.84
206615.2413.18-2.07
----
-1.98-0.111.86
206715.2313.18-2.06
----
-2.01-0.121.89
206815.2313.18-2.06
----
-2.03-0.121.92
206915.2413.18-2.06
----
-2.06-0.121.94
207015.2413.18-2.06
----
-2.08-0.121.96
207115.2513.18-2.07
----
-2.11-0.121.99
207215.2513.18-2.07
----
-2.13-0.122.01
207315.2613.18-2.08
----
-2.15-0.122.02
207415.2713.18-2.09
----
-2.17-0.122.04
207515.2813.18-2.10
----
-2.18-0.132.06
207615.2913.18-2.11
----
-2.20-0.132.07
207715.3013.18-2.12
----
-2.21-0.132.09
207815.3113.18-2.13
----
-2.23-0.132.10
207915.3313.18-2.15
----
-2.24-0.132.11
208015.3513.19-2.17
----
-2.25-0.132.12
208115.3813.19-2.19
----
-2.26-0.132.13
208215.4013.19-2.21
----
-2.27-0.132.14
208315.4313.19-2.24
----
-2.28-0.132.15
208415.4613.19-2.27
----
-2.29-0.132.16
208515.4913.19-2.30
----
-2.30-0.132.17
208615.5213.20-2.33
----
-2.31-0.132.18
208715.5513.20-2.35
----
-2.32-0.132.18



 

Summarized Estimates

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

Year of reserve
depletion
1

Cost
rate
Income
rate
Actuarial
balance
 
Based on Intermediate Assumptions of the 2012 Trustees Report.
2012-2086 15.67% 13.96% -1.70%
2034
-1.02% -0.06% 0.96%
 
1 Under present law, the year of Trust Fund reserve depletion is 2033.

 Link to USA.gov: U.S. Government portal Privacy Policy  | Website Policies & Other Important Information  | Site Map
Last reviewed or modified February 20, 2013