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Detailed Single Year Tables
Level of Monthly Benefits

Description of Proposed Provision:
Beginning with those newly eligible for OASI benefits in 2022, multiply the PIA factors by the ratio of life expectancy at 67 for 2017 to the life expectancy at age 67 for the 4th year prior to the year of benefit eligibility. Unisex life expectancies, based on period life tables as computed by SSA's Office of the Chief Actuary, are used to determine the ratio. 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
201813.9613.03-0.93
265
0.000.000.00
201914.1313.05-1.08
253
0.000.000.00
202014.3713.07-1.30
240
0.000.000.00
202114.6513.11-1.55
227
0.000.000.00
202214.9713.13-1.84
212
0.000.000.00
202315.2913.15-2.14
197
0.000.000.00
202415.5913.16-2.43
181
0.000.000.00
202515.8713.18-2.69
164
-0.010.000.01
202616.1413.19-2.94
147
-0.010.000.01
202716.3913.21-3.18
129
-0.020.000.02
202816.6113.22-3.38
111
-0.030.000.03
202916.7913.24-3.55
91
-0.040.000.04
203016.9513.25-3.70
71
-0.060.000.05
203117.0813.25-3.82
50
-0.070.000.07
203217.1613.26-3.90
29
-0.090.000.08
203317.2213.27-3.96
7
-0.11-0.010.10
203417.2513.27-3.98
----
-0.13-0.010.12
203517.2613.27-3.99
----
-0.15-0.010.14
203617.2513.27-3.98
----
-0.17-0.010.16
203717.2413.27-3.96
----
-0.20-0.010.19
203817.2013.27-3.93
----
-0.22-0.010.21
203917.1413.27-3.87
----
-0.25-0.010.24
204017.0813.27-3.81
----
-0.28-0.020.26
204117.0113.26-3.75
----
-0.30-0.020.29
204216.9413.26-3.68
----
-0.33-0.020.32
204316.8813.26-3.62
----
-0.37-0.020.34
204416.8113.25-3.56
----
-0.40-0.020.38
204516.7513.25-3.50
----
-0.43-0.020.41
204616.6913.25-3.45
----
-0.47-0.030.44
204716.6413.25-3.39
----
-0.50-0.030.47
204816.5813.24-3.33
----
-0.54-0.030.51
204916.5213.24-3.28
----
-0.57-0.030.54
205016.4713.24-3.23
----
-0.61-0.030.57
205116.4213.24-3.19
----
-0.65-0.040.61
205216.3913.24-3.15
----
-0.68-0.040.64
205316.3513.23-3.12
----
-0.72-0.040.68
205416.3213.23-3.09
----
-0.76-0.040.72
205516.2913.23-3.06
----
-0.80-0.050.75
205616.2713.23-3.04
----
-0.84-0.050.79
205716.2513.23-3.02
----
-0.87-0.050.82
205816.2313.23-3.00
----
-0.91-0.050.86
205916.2013.23-2.97
----
-0.95-0.050.89
206016.1713.23-2.94
----
-0.98-0.060.93
206116.1413.23-2.92
----
-1.02-0.060.96
206216.1113.23-2.89
----
-1.05-0.060.99
206316.0913.22-2.86
----
-1.09-0.061.03
206416.0613.22-2.84
----
-1.12-0.061.06
206516.0413.22-2.82
----
-1.16-0.071.09
206616.0313.22-2.81
----
-1.19-0.071.12
206716.0113.22-2.79
----
-1.23-0.071.16
206816.0113.22-2.78
----
-1.26-0.071.19
206916.0013.22-2.78
----
-1.29-0.071.22
207016.0013.22-2.77
----
-1.33-0.081.25
207115.9913.22-2.77
----
-1.36-0.081.29
207215.9813.22-2.76
----
-1.40-0.081.32
207315.9713.22-2.75
----
-1.43-0.081.35
207415.9713.22-2.75
----
-1.47-0.081.38
207515.9613.22-2.74
----
-1.50-0.091.41
207615.9513.22-2.73
----
-1.53-0.091.45
207715.9413.22-2.73
----
-1.57-0.091.48
207815.9413.22-2.72
----
-1.60-0.091.51
207915.9413.22-2.72
----
-1.63-0.091.54
208015.9413.22-2.72
----
-1.67-0.101.57
208115.9413.22-2.72
----
-1.70-0.101.60
208215.9413.22-2.72
----
-1.74-0.101.64
208315.9513.22-2.73
----
-1.77-0.101.67
208415.9513.22-2.73
----
-1.80-0.101.70
208515.9613.22-2.73
----
-1.84-0.111.73
208615.9613.22-2.74
----
-1.87-0.111.77
208715.9613.22-2.74
----
-1.91-0.111.80



 

Summarized Estimates
 
  Proposal
   Change from Present Law
Years Cost
rate		 Income
rate		 Actuarial
balance
Year of reserve
depletion1
Cost
rate		 Income
rate		 Actuarial
balance
 
Based on Intermediate Assumptions of the 2012 Trustees Report.
2012-2086 16.13% 13.99% -2.14%
2033
-0.56% -0.03% 0.53%
 
1 Under present law, the year of Trust Fund reserve depletion is 2033.

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Last reviewed or modified February 20, 2013