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Detailed Single Year Tables

Description of Proposed Provision:
Beginning with those newly eligible for OASDI benefits in 2016, multiply all PIA formula factors each year by 0.991. Stop reductions after 2044. 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. Young survivors (children of deceased workers and surviving spouses with a child in care) are not affected.

 

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
201713.9113.01-0.90
278
0.000.000.00
201813.9513.03-0.92
266
-0.010.000.01
201914.1113.05-1.06
254
-0.020.000.02
202014.3413.07-1.27
241
-0.040.000.03
202114.6013.10-1.50
228
-0.060.000.05
202214.8913.12-1.77
214
-0.080.000.08
202315.1713.14-2.03
200
-0.11-0.010.11
202415.4413.15-2.29
185
-0.15-0.010.14
202515.6813.17-2.52
169
-0.20-0.010.19
202615.9113.18-2.72
153
-0.25-0.010.23
202716.1113.19-2.92
137
-0.30-0.020.28
202816.2813.21-3.07
120
-0.36-0.020.34
202916.4113.21-3.20
102
-0.42-0.020.40
203016.5213.22-3.30
84
-0.49-0.030.46
203116.5913.23-3.36
65
-0.56-0.030.52
203216.6213.23-3.39
46
-0.63-0.040.59
203316.6213.23-3.39
26
-0.70-0.040.66
203416.6013.23-3.37
7
-0.78-0.040.74
203516.5513.23-3.32
----
-0.86-0.050.81
203616.4913.23-3.26
----
-0.94-0.050.89
203716.4113.23-3.18
----
-1.02-0.060.97
203816.3113.22-3.09
----
-1.11-0.061.05
203916.2013.22-2.98
----
-1.20-0.071.13
204016.0713.21-2.86
----
-1.28-0.071.21
204115.9513.20-2.74
----
-1.37-0.081.29
204215.8213.20-2.62
----
-1.46-0.081.38
204315.6913.19-2.50
----
-1.56-0.091.47
204415.5613.18-2.38
----
-1.65-0.091.56
204515.4413.18-2.26
----
-1.75-0.101.65
204615.3113.17-2.14
----
-1.84-0.101.74
204715.1913.16-2.03
----
-1.94-0.111.83
204815.0813.16-1.92
----
-2.04-0.121.92
204914.9613.15-1.81
----
-2.13-0.122.01
205014.8613.15-1.71
----
-2.22-0.132.10
205114.7613.14-1.62
----
-2.31-0.132.18
205214.6813.14-1.54
----
-2.39-0.142.26
205314.6013.13-1.47
----
-2.47-0.142.33
205414.5313.13-1.40
----
-2.55-0.152.40
205514.4813.13-1.35
----
-2.62-0.152.47
205614.4213.13-1.30
----
-2.68-0.152.53
205714.3813.12-1.25
----
-2.74-0.162.59
205814.3413.12-1.21
----
-2.80-0.162.64
205914.3013.12-1.18
----
-2.85-0.162.69
206014.2613.12-1.14
----
-2.90-0.172.73
206114.2213.12-1.11
----
-2.94-0.172.77
206214.1913.12-1.08
----
-2.98-0.172.81
206314.1713.11-1.05
----
-3.01-0.172.84
206414.1513.11-1.03
----
-3.04-0.172.86
206514.1313.11-1.02
----
-3.07-0.182.89
206614.1313.11-1.01
----
-3.09-0.182.91
206714.1313.11-1.01
----
-3.11-0.182.94
206814.1313.11-1.02
----
-3.14-0.182.96
206914.1413.11-1.03
----
-3.16-0.182.97
207014.1513.11-1.04
----
-3.17-0.182.99
207114.1613.12-1.05
----
-3.19-0.183.01
207214.1813.12-1.06
----
-3.20-0.183.02
207314.1913.12-1.07
----
-3.21-0.183.03
207414.2113.12-1.09
----
-3.23-0.193.04
207514.2313.12-1.11
----
-3.24-0.193.05
207614.2413.12-1.12
----
-3.24-0.193.06
207714.2613.12-1.14
----
-3.25-0.193.06
207814.2813.12-1.16
----
-3.26-0.193.07
207914.3113.13-1.18
----
-3.27-0.193.08
208014.3313.13-1.20
----
-3.27-0.193.09
208114.3613.13-1.23
----
-3.28-0.193.09
208214.3913.13-1.26
----
-3.29-0.193.10
208314.4213.13-1.28
----
-3.30-0.193.11
208414.4513.13-1.31
----
-3.31-0.193.12
208514.4813.14-1.34
----
-3.32-0.193.13
208614.5113.14-1.37
----
-3.33-0.193.13
208714.5413.14-1.40
----
-3.33-0.193.14



 

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 15.11% 13.93% -1.18%
2034
-1.57% -0.09% 1.48%
 
1 Under present law, the year of Trust Fund reserve depletion is 2033.

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Last reviewed or modified February 20, 2013