Detailed Single Year Tables

Retirement Age	Description of Proposed Provision: Increase the earliest eligibility age (EEA) by two months every year for those age 62 starting in 2014 and ending in 2031 (EEA reaches 65 for those age 62 in 2031).

			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	Trust fund ratio as of January 1	Cost rate	Income rate	Annual balance
2012	13.83	12.89	-0.93	340	0.00	0.00	0.00
2013	13.95	12.83	-1.12	329	0.00	0.00	0.00
2014	13.93	12.94	-0.99	317	-0.06	0.00	0.06
2015	13.80	12.95	-0.84	306	-0.17	0.00	0.17
2016	13.75	12.99	-0.77	295	-0.18	0.01	0.19
2017	13.71	13.02	-0.69	284	-0.20	0.01	0.21
2018	13.74	13.05	-0.69	274	-0.22	0.01	0.24
2019	13.89	13.07	-0.82	264	-0.25	0.02	0.26
2020	14.10	13.09	-1.01	253	-0.27	0.02	0.29
2021	14.36	13.13	-1.23	241	-0.30	0.02	0.32
2022	14.64	13.16	-1.48	229	-0.33	0.03	0.36
2023	14.93	13.19	-1.75	215	-0.35	0.04	0.39
2024	15.21	13.21	-2.00	202	-0.39	0.04	0.43
2025	15.46	13.23	-2.24	187	-0.42	0.05	0.47
2026	15.70	13.24	-2.46	173	-0.45	0.05	0.50
2027	15.95	13.26	-2.69	157	-0.46	0.04	0.51
2028	16.24	13.27	-2.97	140	-0.39	0.05	0.44
2029	16.51	13.29	-3.22	122	-0.33	0.05	0.38
2030	16.74	13.30	-3.44	103	-0.26	0.05	0.32
2031	16.95	13.32	-3.63	84	-0.20	0.06	0.26
2032	17.11	13.32	-3.79	63	-0.14	0.06	0.20
2033	17.24	13.33	-3.91	42	-0.08	0.06	0.15
2034	17.34	13.34	-4.01	20	-0.04	0.06	0.10
2035	17.42	13.34	-4.08	----	0.01	0.06	0.05
2036	17.48	13.35	-4.13	----	0.05	0.06	0.01
2037	17.52	13.35	-4.17	----	0.09	0.07	-0.03
2038	17.55	13.35	-4.20	----	0.13	0.07	-0.06
2039	17.56	13.35	-4.21	----	0.17	0.07	-0.10
2040	17.55	13.35	-4.20	----	0.19	0.07	-0.12
2041	17.54	13.35	-4.19	----	0.22	0.07	-0.15
2042	17.52	13.35	-4.17	----	0.24	0.07	-0.17
2043	17.50	13.35	-4.15	----	0.26	0.07	-0.18
2044	17.48	13.35	-4.13	----	0.27	0.07	-0.20
2045	17.47	13.35	-4.12	----	0.29	0.08	-0.21
2046	17.46	13.35	-4.11	----	0.30	0.08	-0.22
2047	17.45	13.35	-4.10	----	0.32	0.08	-0.24
2048	17.45	13.36	-4.10	----	0.34	0.08	-0.26
2049	17.45	13.36	-4.10	----	0.36	0.08	-0.28
2050	17.45	13.36	-4.09	----	0.37	0.08	-0.29
2051	17.45	13.36	-4.10	----	0.38	0.08	-0.30
2052	17.46	13.36	-4.10	----	0.39	0.09	-0.31
2053	17.47	13.36	-4.11	----	0.40	0.09	-0.31
2054	17.49	13.36	-4.12	----	0.41	0.09	-0.32
2055	17.50	13.36	-4.14	----	0.41	0.09	-0.32
2056	17.52	13.37	-4.16	----	0.42	0.09	-0.33
2057	17.54	13.37	-4.17	----	0.42	0.09	-0.33
2058	17.56	13.37	-4.19	----	0.42	0.09	-0.33
2059	17.57	13.37	-4.20	----	0.43	0.09	-0.34
2060	17.59	13.37	-4.22	----	0.43	0.09	-0.34
2061	17.60	13.37	-4.23	----	0.44	0.09	-0.35
2062	17.61	13.37	-4.24	----	0.45	0.09	-0.36
2063	17.63	13.37	-4.26	----	0.45	0.09	-0.37
2064	17.65	13.37	-4.27	----	0.46	0.09	-0.38
2065	17.67	13.38	-4.29	----	0.47	0.09	-0.38
2066	17.70	13.38	-4.32	----	0.48	0.09	-0.39
2067	17.73	13.38	-4.35	----	0.49	0.09	-0.40
2068	17.75	13.38	-4.37	----	0.49	0.09	-0.40
2069	17.78	13.38	-4.40	----	0.49	0.09	-0.40
2070	17.81	13.39	-4.42	----	0.49	0.09	-0.40
2071	17.84	13.39	-4.46	----	0.49	0.09	-0.40
2072	17.87	13.39	-4.48	----	0.49	0.09	-0.40
2073	17.90	13.39	-4.51	----	0.50	0.09	-0.41
2074	17.93	13.39	-4.54	----	0.50	0.09	-0.41
2075	17.96	13.40	-4.57	----	0.50	0.09	-0.41
2076	17.99	13.40	-4.59	----	0.50	0.09	-0.41
2077	18.01	13.40	-4.61	----	0.50	0.09	-0.41
2078	18.04	13.40	-4.64	----	0.50	0.09	-0.41
2079	18.07	13.40	-4.67	----	0.50	0.09	-0.41
2080	18.11	13.41	-4.70	----	0.50	0.09	-0.41
2081	18.15	13.41	-4.74	----	0.51	0.09	-0.41
2082	18.19	13.41	-4.77	----	0.51	0.09	-0.42
2083	18.23	13.41	-4.82	----	0.51	0.09	-0.42
2084	18.27	13.42	-4.86	----	0.52	0.09	-0.43
2085	18.32	13.42	-4.90	----	0.52	0.09	-0.43
2086	18.37	13.42	-4.94	----	0.53	0.09	-0.44
2087	18.41	13.43	-4.98	----	0.54	0.09	-0.44

				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	16.82%	14.08%	-2.73%	2034	0.13%	0.06%	-0.07%

¹ Under present law, the year of Trust Fund reserve depletion is 2033.


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Detailed Single Year Tables

Description of Proposed Provision: Increase the earliest eligibility age (EEA) by two months every year for those age 62 starting in 2014 and ending in 2031 (EEA reaches 65 for those age 62 in 2031).

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates

Description of Proposed Provision:
Increase the earliest eligibility age (EEA) by two months every year for those age 62 starting in 2014 and ending in 2031 (EEA reaches 65 for those age 62 in 2031).