Detailed Single Year Tables

Description of Proposed Provision:
Beginning in 2013, reconfigure the special minimum benefit: (a) A year of coverage is defined to be either a year in which 4 quarters of coverage are earned or a child is in care. Childcare years are granted to parents who have a child under 5, with a limit of 8 such years. (b) At implementation, set the PIA for 30 years of coverage equal to 125 percent of the monthly poverty level (about $1,134 in 2011). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $1,134/20 = $56.70. (c) Index the initial PIA per year of coverage by wage growth for successive cohorts.

			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	13.96	12.83	-1.13	329	0.01	0.00	-0.01
2014	14.00	12.93	-1.07	315	0.02	0.00	-0.02
2015	14.00	12.95	-1.05	301	0.04	0.00	-0.03
2016	13.99	12.98	-1.01	288	0.05	0.00	-0.05
2017	13.98	13.01	-0.97	275	0.07	0.00	-0.07
2018	14.05	13.04	-1.01	263	0.09	0.00	-0.08
2019	14.24	13.06	-1.18	250	0.10	0.00	-0.10
2020	14.49	13.08	-1.41	236	0.12	0.01	-0.11
2021	14.79	13.11	-1.67	222	0.13	0.01	-0.12
2022	15.12	13.13	-1.98	207	0.15	0.01	-0.14
2023	15.45	13.15	-2.30	190	0.16	0.01	-0.15
2024	15.77	13.17	-2.60	173	0.18	0.01	-0.17
2025	16.07	13.19	-2.88	156	0.19	0.01	-0.18
2026	16.36	13.21	-3.15	138	0.20	0.01	-0.19
2027	16.63	13.22	-3.41	119	0.22	0.01	-0.21
2028	16.87	13.24	-3.63	99	0.23	0.01	-0.22
2029	17.07	13.25	-3.82	78	0.24	0.01	-0.23
2030	17.26	13.26	-4.00	56	0.25	0.01	-0.24
2031	17.41	13.27	-4.14	34	0.26	0.01	-0.25
2032	17.52	13.28	-4.24	11	0.27	0.01	-0.26
2033	17.61	13.29	-4.32	----	0.28	0.01	-0.27
2034	17.67	13.29	-4.38	----	0.29	0.01	-0.28
2035	17.71	13.29	-4.41	----	0.30	0.02	-0.28
2036	17.73	13.30	-4.43	----	0.31	0.02	-0.29
2037	17.74	13.30	-4.45	----	0.31	0.02	-0.30
2038	17.74	13.30	-4.44	----	0.32	0.02	-0.30
2039	17.72	13.30	-4.42	----	0.32	0.02	-0.31
2040	17.69	13.30	-4.39	----	0.33	0.02	-0.31
2041	17.65	13.30	-4.36	----	0.33	0.02	-0.32
2042	17.62	13.30	-4.32	----	0.34	0.02	-0.32
2043	17.59	13.30	-4.29	----	0.34	0.02	-0.33
2044	17.56	13.30	-4.26	----	0.35	0.02	-0.33
2045	17.54	13.29	-4.24	----	0.35	0.02	-0.33
2046	17.52	13.29	-4.22	----	0.36	0.02	-0.34
2047	17.50	13.29	-4.20	----	0.36	0.02	-0.34
2048	17.48	13.29	-4.19	----	0.36	0.02	-0.35
2049	17.46	13.29	-4.17	----	0.37	0.02	-0.35
2050	17.45	13.29	-4.16	----	0.37	0.02	-0.35
2051	17.45	13.29	-4.16	----	0.38	0.02	-0.36
2052	17.45	13.29	-4.16	----	0.38	0.02	-0.36
2053	17.46	13.30	-4.16	----	0.39	0.02	-0.37
2054	17.47	13.30	-4.18	----	0.39	0.02	-0.37
2055	17.49	13.30	-4.19	----	0.40	0.02	-0.37
2056	17.51	13.30	-4.21	----	0.40	0.02	-0.38
2057	17.53	13.30	-4.22	----	0.40	0.02	-0.38
2058	17.54	13.30	-4.24	----	0.41	0.02	-0.38
2059	17.56	13.31	-4.25	----	0.41	0.02	-0.39
2060	17.56	13.31	-4.26	----	0.41	0.02	-0.39
2061	17.57	13.31	-4.27	----	0.41	0.02	-0.39
2062	17.58	13.31	-4.27	----	0.41	0.02	-0.39
2063	17.59	13.31	-4.28	----	0.41	0.02	-0.39
2064	17.60	13.31	-4.29	----	0.42	0.02	-0.39
2065	17.62	13.31	-4.31	----	0.42	0.02	-0.39
2066	17.64	13.31	-4.32	----	0.42	0.02	-0.40
2067	17.66	13.31	-4.35	----	0.42	0.02	-0.40
2068	17.69	13.32	-4.37	----	0.42	0.02	-0.40
2069	17.72	13.32	-4.40	----	0.42	0.02	-0.40
2070	17.75	13.32	-4.43	----	0.42	0.02	-0.40
2071	17.78	13.32	-4.46	----	0.42	0.02	-0.40
2072	17.80	13.32	-4.48	----	0.42	0.02	-0.40
2073	17.83	13.33	-4.50	----	0.42	0.02	-0.40
2074	17.86	13.33	-4.53	----	0.43	0.02	-0.40
2075	17.89	13.33	-4.56	----	0.43	0.02	-0.40
2076	17.91	13.33	-4.58	----	0.43	0.02	-0.40
2077	17.94	13.33	-4.61	----	0.43	0.02	-0.40
2078	17.97	13.33	-4.63	----	0.43	0.02	-0.40
2079	18.00	13.34	-4.66	----	0.43	0.02	-0.41
2080	18.03	13.34	-4.70	----	0.43	0.02	-0.41
2081	18.07	13.34	-4.73	----	0.43	0.02	-0.41
2082	18.11	13.34	-4.76	----	0.43	0.02	-0.41
2083	18.15	13.35	-4.80	----	0.43	0.02	-0.41
2084	18.19	13.35	-4.84	----	0.43	0.02	-0.41
2085	18.23	13.35	-4.88	----	0.43	0.02	-0.41
2086	18.27	13.35	-4.91	----	0.43	0.02	-0.41
2087	18.31	13.36	-4.95	----	0.43	0.02	-0.41

				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	16.98%	14.04%	-2.95%	2032	0.30%	0.02%	-0.28%

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


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Detailed Single Year Tables

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates