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Description of Proposed Provision:
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  | Financial Estimates for the OASDI Trust Fund Program |
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Proposal |
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Change from Present Law |
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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 |
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2013 | 13.95 | 12.69 | -1.26 | 330 | 0.00 | 0.00 | 0.00 | ||
2014 | 14.03 | 12.83 | -1.20 | 316 | 0.00 | 0.00 | 0.00 | ||
2015 | 13.96 | 12.86 | -1.10 | 301 | -0.01 | 0.00 | 0.01 | ||
2016 | 13.90 | 12.88 | -1.02 | 286 | -0.01 | 0.00 | 0.01 | ||
2017 | 13.86 | 12.90 | -0.96 | 272 | -0.02 | 0.00 | 0.02 | ||
2018 | 13.88 | 12.93 | -0.95 | 258 | -0.03 | 0.00 | 0.03 | ||
2019 | 14.01 | 12.95 | -1.06 | 246 | -0.05 | 0.00 | 0.05 | ||
2020 | 14.19 | 12.96 | -1.23 | 233 | -0.07 | 0.00 | 0.06 | ||
2021 | 14.36 | 12.99 | -1.37 | 220 | -0.08 | 0.00 | 0.08 | ||
2022 | 14.60 | 13.02 | -1.58 | 207 | -0.10 | -0.01 | 0.10 | ||
2023 | 14.85 | 13.04 | -1.81 | 193 | -0.12 | -0.01 | 0.12 | ||
2024 | 15.09 | 13.05 | -2.04 | 178 | -0.14 | -0.01 | 0.13 | ||
2025 | 15.32 | 13.06 | -2.26 | 163 | -0.16 | -0.01 | 0.15 | ||
2026 | 15.54 | 13.08 | -2.46 | 148 | -0.17 | -0.01 | 0.16 | ||
2027 | 15.74 | 13.09 | -2.65 | 132 | -0.19 | -0.01 | 0.18 | ||
2028 | 15.93 | 13.10 | -2.83 | 116 | -0.20 | -0.01 | 0.19 | ||
2029 | 16.11 | 13.11 | -3.00 | 99 | -0.22 | -0.01 | 0.21 | ||
2030 | 16.26 | 13.12 | -3.14 | 81 | -0.23 | -0.01 | 0.22 | ||
2031 | 16.39 | 13.13 | -3.26 | 63 | -0.24 | -0.01 | 0.23 | ||
2032 | 16.50 | 13.14 | -3.37 | 44 | -0.25 | -0.01 | 0.24 | ||
2033 | 16.60 | 13.14 | -3.45 | 25 | -0.26 | -0.01 | 0.25 | ||
2034 | 16.67 | 13.15 | -3.52 | 4 | -0.27 | -0.01 | 0.26 | ||
2035 | 16.70 | 13.15 | -3.55 | ---- | -0.28 | -0.01 | 0.26 | ||
2036 | 16.73 | 13.15 | -3.57 | ---- | -0.28 | -0.01 | 0.27 | ||
2037 | 16.73 | 13.16 | -3.58 | ---- | -0.29 | -0.02 | 0.28 | ||
2038 | 16.72 | 13.16 | -3.57 | ---- | -0.30 | -0.02 | 0.28 | ||
2039 | 16.69 | 13.16 | -3.54 | ---- | -0.30 | -0.02 | 0.29 | ||
2040 | 16.66 | 13.16 | -3.50 | ---- | -0.31 | -0.02 | 0.29 | ||
2041 | 16.62 | 13.15 | -3.47 | ---- | -0.31 | -0.02 | 0.29 | ||
2042 | 16.58 | 13.15 | -3.43 | ---- | -0.31 | -0.02 | 0.29 | ||
2043 | 16.55 | 13.15 | -3.40 | ---- | -0.31 | -0.02 | 0.30 | ||
2044 | 16.53 | 13.15 | -3.38 | ---- | -0.31 | -0.02 | 0.30 | ||
2045 | 16.51 | 13.15 | -3.36 | ---- | -0.32 | -0.02 | 0.30 | ||
2046 | 16.50 | 13.15 | -3.35 | ---- | -0.32 | -0.02 | 0.30 | ||
2047 | 16.49 | 13.15 | -3.34 | ---- | -0.32 | -0.02 | 0.30 | ||
2048 | 16.48 | 13.15 | -3.32 | ---- | -0.32 | -0.02 | 0.30 | ||
2049 | 16.47 | 13.15 | -3.32 | ---- | -0.31 | -0.02 | 0.30 | ||
2050 | 16.47 | 13.15 | -3.32 | ---- | -0.31 | -0.02 | 0.30 | ||
2051 | 16.48 | 13.16 | -3.33 | ---- | -0.31 | -0.02 | 0.29 | ||
2052 | 16.50 | 13.16 | -3.34 | ---- | -0.31 | -0.02 | 0.29 | ||
2053 | 16.53 | 13.16 | -3.37 | ---- | -0.31 | -0.02 | 0.29 | ||
2054 | 16.56 | 13.16 | -3.40 | ---- | -0.31 | -0.02 | 0.29 | ||
2055 | 16.60 | 13.16 | -3.44 | ---- | -0.31 | -0.02 | 0.29 | ||
2056 | 16.65 | 13.17 | -3.48 | ---- | -0.31 | -0.02 | 0.29 | ||
2057 | 16.70 | 13.17 | -3.53 | ---- | -0.31 | -0.02 | 0.29 | ||
2058 | 16.74 | 13.17 | -3.57 | ---- | -0.31 | -0.02 | 0.29 | ||
2059 | 16.79 | 13.18 | -3.61 | ---- | -0.31 | -0.02 | 0.29 | ||
2060 | 16.83 | 13.18 | -3.65 | ---- | -0.31 | -0.02 | 0.29 | ||
2061 | 16.87 | 13.18 | -3.69 | ---- | -0.31 | -0.02 | 0.29 | ||
2062 | 16.92 | 13.18 | -3.73 | ---- | -0.31 | -0.02 | 0.29 | ||
2063 | 16.96 | 13.19 | -3.77 | ---- | -0.31 | -0.02 | 0.29 | ||
2064 | 17.00 | 13.19 | -3.81 | ---- | -0.31 | -0.02 | 0.30 | ||
2065 | 17.04 | 13.19 | -3.85 | ---- | -0.31 | -0.02 | 0.30 | ||
2066 | 17.09 | 13.19 | -3.90 | ---- | -0.31 | -0.02 | 0.30 | ||
2067 | 17.13 | 13.20 | -3.94 | ---- | -0.31 | -0.02 | 0.30 | ||
2068 | 17.18 | 13.20 | -3.98 | ---- | -0.32 | -0.02 | 0.30 | ||
2069 | 17.22 | 13.20 | -4.02 | ---- | -0.32 | -0.02 | 0.30 | ||
2070 | 17.27 | 13.20 | -4.06 | ---- | -0.32 | -0.02 | 0.30 | ||
2071 | 17.31 | 13.21 | -4.10 | ---- | -0.32 | -0.02 | 0.30 | ||
2072 | 17.34 | 13.21 | -4.13 | ---- | -0.32 | -0.02 | 0.30 | ||
2073 | 17.36 | 13.21 | -4.15 | ---- | -0.32 | -0.02 | 0.30 | ||
2074 | 17.38 | 13.21 | -4.17 | ---- | -0.32 | -0.02 | 0.30 | ||
2075 | 17.40 | 13.21 | -4.19 | ---- | -0.32 | -0.02 | 0.30 | ||
2076 | 17.41 | 13.21 | -4.20 | ---- | -0.32 | -0.02 | 0.30 | ||
2077 | 17.41 | 13.21 | -4.20 | ---- | -0.32 | -0.02 | 0.30 | ||
2078 | 17.42 | 13.21 | -4.20 | ---- | -0.32 | -0.02 | 0.30 | ||
2079 | 17.43 | 13.21 | -4.21 | ---- | -0.32 | -0.02 | 0.30 | ||
2080 | 17.44 | 13.22 | -4.22 | ---- | -0.32 | -0.02 | 0.30 | ||
2081 | 17.45 | 13.22 | -4.24 | ---- | -0.32 | -0.02 | 0.31 | ||
2082 | 17.48 | 13.22 | -4.26 | ---- | -0.32 | -0.02 | 0.31 | ||
2083 | 17.51 | 13.22 | -4.29 | ---- | -0.32 | -0.02 | 0.31 | ||
2084 | 17.55 | 13.22 | -4.33 | ---- | -0.32 | -0.02 | 0.31 | ||
2085 | 17.59 | 13.22 | -4.37 | ---- | -0.33 | -0.02 | 0.31 | ||
2086 | 17.64 | 13.23 | -4.41 | ---- | -0.33 | -0.02 | 0.31 | ||
2087 | 17.69 | 13.23 | -4.46 | ---- | -0.33 | -0.02 | 0.31 | ||
2088 | 17.74 | 13.23 | -4.50 | ---- | -0.33 | -0.02 | 0.31 |
  | Summarized Estimates |
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  |
Proposal |
  |
Change from Present Law |
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Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
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Based on Intermediate Assumptions of the 2013 Trustees Report. | |||||||||
2013-2087 | 16.35% | 13.87% | -2.49% | 2034 | -0.24% | -0.01% | 0.23% | ||
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1 Under present law, the year of Trust
Fund reserve depletion is 2033. |
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