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Detailed Single Year Tables

Description of Proposed Provision:
After the normal retirement age (NRA) reaches 67 for those age 62 in 2022, increase the NRA 2 months per year until it reaches 69 for individuals attaining age 62 in 2034. Thereafter, increase the NRA 1 month every 2 years.

 

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
202315.2713.14-2.12
197
-0.020.000.02
202415.5513.16-2.39
182
-0.040.000.04
202515.8213.18-2.64
165
-0.060.000.06
202616.0713.19-2.87
148
-0.090.000.08
202716.3013.21-3.09
131
-0.110.000.11
202816.5013.22-3.28
113
-0.140.000.13
202916.6713.23-3.44
94
-0.160.000.15
203016.8213.24-3.58
74
-0.180.000.18
203116.8813.25-3.63
54
-0.27-0.010.26
203216.9113.25-3.66
34
-0.34-0.010.32
203316.9213.26-3.66
13
-0.41-0.010.40
203416.8813.26-3.63
----
-0.50-0.020.48
203516.8413.26-3.58
----
-0.57-0.020.55
203616.7813.26-3.53
----
-0.64-0.020.62
203716.7213.26-3.46
----
-0.71-0.030.69
203816.6413.25-3.38
----
-0.78-0.030.75
203916.5413.25-3.29
----
-0.85-0.030.82
204016.4513.25-3.20
----
-0.91-0.040.88
204116.3513.24-3.11
----
-0.97-0.040.93
204216.2513.24-3.01
----
-1.03-0.040.99
204316.1613.23-2.92
----
-1.09-0.041.04
204416.0713.23-2.84
----
-1.14-0.051.10
204515.9813.23-2.76
----
-1.20-0.051.15
204615.9013.22-2.68
----
-1.26-0.051.20
204715.8313.22-2.61
----
-1.31-0.051.25
204815.7513.22-2.54
----
-1.36-0.061.30
204915.6813.21-2.47
----
-1.41-0.061.35
205015.6213.21-2.41
----
-1.46-0.061.40
205115.5613.21-2.35
----
-1.51-0.061.44
205215.5113.21-2.31
----
-1.56-0.071.49
205315.4713.21-2.27
----
-1.60-0.071.53
205415.4413.20-2.23
----
-1.64-0.071.57
205515.4113.20-2.20
----
-1.68-0.071.61
205615.3813.20-2.17
----
-1.73-0.081.65
205715.3513.20-2.15
----
-1.77-0.081.69
205815.3413.20-2.13
----
-1.80-0.081.72
205915.3213.20-2.12
----
-1.83-0.081.75
206015.3013.20-2.10
----
-1.86-0.081.77
206115.2913.20-2.09
----
-1.87-0.081.79
206215.2813.20-2.08
----
-1.89-0.081.81
206315.2613.20-2.06
----
-1.91-0.091.83
206415.2513.20-2.05
----
-1.93-0.091.85
206515.2513.20-2.05
----
-1.95-0.091.87
206615.2413.20-2.04
----
-1.97-0.091.88
206715.2413.20-2.04
----
-2.00-0.091.91
206815.2513.20-2.04
----
-2.02-0.091.93
206915.2513.20-2.05
----
-2.04-0.091.95
207015.2513.20-2.05
----
-2.07-0.091.98
207115.2513.21-2.05
----
-2.10-0.092.01
207215.2513.21-2.04
----
-2.13-0.092.04
207315.2413.21-2.04
----
-2.16-0.102.06
207415.2513.21-2.04
----
-2.19-0.102.09
207515.2513.21-2.04
----
-2.21-0.102.12
207615.2613.21-2.05
----
-2.23-0.102.13
207715.2613.21-2.05
----
-2.25-0.102.15
207815.2613.21-2.05
----
-2.28-0.102.18
207915.2613.21-2.05
----
-2.31-0.102.21
208015.2613.21-2.05
----
-2.34-0.102.24
208115.2413.21-2.03
----
-2.40-0.102.29
208215.2413.21-2.03
----
-2.44-0.112.33
208315.2513.22-2.03
----
-2.47-0.112.36
208415.2613.22-2.04
----
-2.50-0.112.39
208515.2813.22-2.06
----
-2.51-0.112.41
208615.3013.22-2.08
----
-2.53-0.112.42
208715.3213.22-2.10
----
-2.55-0.112.44



 

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 15.64% 13.98% -1.67%
2033
-1.04% -0.04% 1.00%
 
1 Under present law, the year of Trust Fund reserve depletion is 2033.

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Last reviewed or modified February 20, 2013