Detailed Single Year Tables

Level of Monthly Benefits	Description of Proposed Provision: Effective in 2015, provide a 5-percent uniform PIA increase 20 years after eligibility. The benefit increase is phased in at 1 percent per year from the 16th through 20th years after initial eligibility. The full PIA increase is equal to 5 percent of the PIA of a worker assumed to have career-average earnings equal to SSA’s average wage index.

			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	13.98	12.93	-1.05	315	0.00	0.00	0.00
2015	14.05	12.96	-1.10	300	0.09	0.00	-0.08
2016	14.09	12.99	-1.10	286	0.15	0.01	-0.14
2017	14.06	13.01	-1.05	273	0.15	0.01	-0.14
2018	14.11	13.04	-1.07	260	0.15	0.01	-0.14
2019	14.28	13.06	-1.22	247	0.15	0.01	-0.14
2020	14.52	13.08	-1.44	234	0.15	0.01	-0.14
2021	14.81	13.11	-1.69	219	0.15	0.01	-0.14
2022	15.13	13.14	-1.99	204	0.16	0.01	-0.15
2023	15.45	13.15	-2.30	188	0.16	0.01	-0.15
2024	15.76	13.17	-2.59	171	0.17	0.01	-0.16
2025	16.05	13.19	-2.86	154	0.17	0.01	-0.16
2026	16.33	13.20	-3.12	136	0.18	0.01	-0.17
2027	16.60	13.22	-3.37	117	0.18	0.01	-0.17
2028	16.83	13.24	-3.59	97	0.19	0.01	-0.18
2029	17.03	13.25	-3.78	77	0.20	0.01	-0.19
2030	17.21	13.26	-3.95	56	0.20	0.01	-0.19
2031	17.36	13.27	-4.09	33	0.21	0.01	-0.20
2032	17.47	13.28	-4.19	11	0.22	0.01	-0.21
2033	17.55	13.28	-4.27	----	0.22	0.01	-0.21
2034	17.61	13.29	-4.32	----	0.23	0.01	-0.22
2035	17.65	13.29	-4.36	----	0.24	0.01	-0.23
2036	17.67	13.29	-4.38	----	0.25	0.01	-0.23
2037	17.68	13.30	-4.39	----	0.25	0.01	-0.24
2038	17.68	13.30	-4.38	----	0.26	0.01	-0.25
2039	17.66	13.30	-4.36	----	0.27	0.01	-0.25
2040	17.63	13.30	-4.33	----	0.27	0.01	-0.26
2041	17.60	13.30	-4.30	----	0.28	0.01	-0.26
2042	17.56	13.29	-4.27	----	0.28	0.01	-0.27
2043	17.53	13.29	-4.24	----	0.29	0.02	-0.27
2044	17.50	13.29	-4.21	----	0.29	0.02	-0.27
2045	17.48	13.29	-4.18	----	0.29	0.02	-0.28
2046	17.45	13.29	-4.16	----	0.29	0.02	-0.28
2047	17.43	13.29	-4.14	----	0.29	0.02	-0.28
2048	17.41	13.29	-4.12	----	0.29	0.02	-0.28
2049	17.39	13.29	-4.10	----	0.29	0.02	-0.28
2050	17.37	13.29	-4.08	----	0.29	0.02	-0.28
2051	17.36	13.29	-4.07	----	0.29	0.02	-0.28
2052	17.36	13.29	-4.07	----	0.29	0.02	-0.27
2053	17.36	13.29	-4.07	----	0.29	0.02	-0.27
2054	17.37	13.29	-4.08	----	0.29	0.02	-0.27
2055	17.38	13.29	-4.08	----	0.29	0.02	-0.27
2056	17.39	13.29	-4.10	----	0.28	0.02	-0.27
2057	17.41	13.30	-4.11	----	0.28	0.02	-0.27
2058	17.42	13.30	-4.12	----	0.28	0.02	-0.27
2059	17.43	13.30	-4.13	----	0.28	0.02	-0.27
2060	17.44	13.30	-4.14	----	0.28	0.02	-0.27
2061	17.45	13.30	-4.15	----	0.29	0.02	-0.27
2062	17.46	13.30	-4.15	----	0.29	0.02	-0.27
2063	17.47	13.30	-4.16	----	0.29	0.02	-0.27
2064	17.48	13.30	-4.17	----	0.29	0.02	-0.28
2065	17.49	13.30	-4.19	----	0.29	0.02	-0.28
2066	17.51	13.31	-4.21	----	0.30	0.02	-0.28
2067	17.54	13.31	-4.23	----	0.30	0.02	-0.28
2068	17.57	13.31	-4.26	----	0.30	0.02	-0.29
2069	17.60	13.31	-4.29	----	0.30	0.02	-0.29
2070	17.63	13.31	-4.32	----	0.31	0.02	-0.29
2071	17.66	13.32	-4.35	----	0.31	0.02	-0.29
2072	17.69	13.32	-4.37	----	0.31	0.02	-0.30
2073	17.72	13.32	-4.40	----	0.31	0.02	-0.30
2074	17.75	13.32	-4.43	----	0.32	0.02	-0.30
2075	17.78	13.32	-4.46	----	0.32	0.02	-0.30
2076	17.80	13.32	-4.48	----	0.32	0.02	-0.30
2077	17.83	13.33	-4.50	----	0.32	0.02	-0.30
2078	17.86	13.33	-4.53	----	0.32	0.02	-0.30
2079	17.89	13.33	-4.56	----	0.32	0.02	-0.30
2080	17.92	13.33	-4.59	----	0.32	0.02	-0.30
2081	17.96	13.33	-4.63	----	0.32	0.02	-0.30
2082	18.00	13.34	-4.66	----	0.32	0.02	-0.30
2083	18.04	13.34	-4.70	----	0.32	0.02	-0.30
2084	18.08	13.34	-4.74	----	0.32	0.02	-0.31
2085	18.12	13.34	-4.77	----	0.32	0.02	-0.31
2086	18.16	13.35	-4.81	----	0.32	0.02	-0.31
2087	18.20	13.35	-4.85	----	0.33	0.02	-0.31

				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	16.92%	14.03%	-2.89%	2032	0.24%	0.01%	-0.23%

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