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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 | 14.12 | 12.83 | -1.28 | 314 | 0.08 | 0.00 | -0.08 | ||
2015 | 14.05 | 12.87 | -1.18 | 299 | 0.08 | 0.00 | -0.08 | ||
2016 | 13.99 | 12.88 | -1.10 | 283 | 0.08 | 0.00 | -0.07 | ||
2017 | 13.95 | 12.91 | -1.05 | 268 | 0.07 | 0.00 | -0.07 | ||
2018 | 13.98 | 12.93 | -1.05 | 254 | 0.07 | 0.00 | -0.07 | ||
2019 | 14.13 | 12.95 | -1.17 | 241 | 0.07 | 0.00 | -0.07 | ||
2020 | 14.33 | 12.97 | -1.36 | 227 | 0.07 | 0.00 | -0.07 | ||
2021 | 14.51 | 13.00 | -1.52 | 213 | 0.07 | 0.00 | -0.07 | ||
2022 | 14.77 | 13.03 | -1.75 | 199 | 0.07 | 0.00 | -0.07 | ||
2023 | 15.04 | 13.04 | -1.99 | 184 | 0.07 | 0.00 | -0.07 | ||
2024 | 15.30 | 13.06 | -2.24 | 168 | 0.07 | 0.00 | -0.07 | ||
2025 | 15.55 | 13.07 | -2.47 | 152 | 0.07 | 0.00 | -0.07 | ||
2026 | 15.78 | 13.09 | -2.69 | 136 | 0.07 | 0.00 | -0.07 | ||
2027 | 16.00 | 13.10 | -2.90 | 119 | 0.07 | 0.00 | -0.07 | ||
2028 | 16.21 | 13.11 | -3.09 | 101 | 0.07 | 0.00 | -0.07 | ||
2029 | 16.40 | 13.12 | -3.27 | 83 | 0.07 | 0.00 | -0.07 | ||
2030 | 16.56 | 13.14 | -3.43 | 64 | 0.07 | 0.00 | -0.07 | ||
2031 | 16.70 | 13.14 | -3.56 | 44 | 0.07 | 0.00 | -0.06 | ||
2032 | 16.82 | 13.15 | -3.67 | 24 | 0.07 | 0.00 | -0.06 | ||
2033 | 16.92 | 13.16 | -3.76 | 3 | 0.07 | 0.00 | -0.06 | ||
2034 | 17.00 | 13.16 | -3.84 | ---- | 0.07 | 0.00 | -0.06 | ||
2035 | 17.05 | 13.17 | -3.88 | ---- | 0.07 | 0.00 | -0.06 | ||
2036 | 17.08 | 13.17 | -3.91 | ---- | 0.07 | 0.00 | -0.07 | ||
2037 | 17.09 | 13.17 | -3.92 | ---- | 0.07 | 0.00 | -0.07 | ||
2038 | 17.09 | 13.17 | -3.91 | ---- | 0.07 | 0.00 | -0.07 | ||
2039 | 17.06 | 13.17 | -3.89 | ---- | 0.07 | 0.00 | -0.07 | ||
2040 | 17.03 | 13.17 | -3.86 | ---- | 0.07 | 0.00 | -0.07 | ||
2041 | 17.00 | 13.17 | -3.83 | ---- | 0.07 | 0.00 | -0.07 | ||
2042 | 16.97 | 13.17 | -3.79 | ---- | 0.07 | 0.00 | -0.07 | ||
2043 | 16.94 | 13.17 | -3.76 | ---- | 0.07 | 0.00 | -0.07 | ||
2044 | 16.91 | 13.17 | -3.74 | ---- | 0.07 | 0.00 | -0.07 | ||
2045 | 16.90 | 13.17 | -3.73 | ---- | 0.07 | 0.00 | -0.07 | ||
2046 | 16.89 | 13.17 | -3.72 | ---- | 0.07 | 0.00 | -0.07 | ||
2047 | 16.88 | 13.17 | -3.70 | ---- | 0.07 | 0.00 | -0.07 | ||
2048 | 16.86 | 13.17 | -3.69 | ---- | 0.07 | 0.00 | -0.07 | ||
2049 | 16.86 | 13.17 | -3.68 | ---- | 0.07 | 0.00 | -0.07 | ||
2050 | 16.85 | 13.17 | -3.68 | ---- | 0.07 | 0.00 | -0.07 | ||
2051 | 16.86 | 13.17 | -3.69 | ---- | 0.07 | 0.00 | -0.07 | ||
2052 | 16.88 | 13.18 | -3.70 | ---- | 0.07 | 0.00 | -0.07 | ||
2053 | 16.90 | 13.18 | -3.73 | ---- | 0.07 | 0.00 | -0.07 | ||
2054 | 16.94 | 13.18 | -3.76 | ---- | 0.07 | 0.00 | -0.07 | ||
2055 | 16.98 | 13.18 | -3.80 | ---- | 0.07 | 0.00 | -0.07 | ||
2056 | 17.02 | 13.19 | -3.84 | ---- | 0.07 | 0.00 | -0.07 | ||
2057 | 17.07 | 13.19 | -3.88 | ---- | 0.07 | 0.00 | -0.07 | ||
2058 | 17.12 | 13.19 | -3.93 | ---- | 0.07 | 0.00 | -0.07 | ||
2059 | 17.16 | 13.20 | -3.97 | ---- | 0.07 | 0.00 | -0.07 | ||
2060 | 17.21 | 13.20 | -4.01 | ---- | 0.07 | 0.00 | -0.07 | ||
2061 | 17.25 | 13.20 | -4.05 | ---- | 0.07 | 0.00 | -0.07 | ||
2062 | 17.30 | 13.20 | -4.09 | ---- | 0.07 | 0.00 | -0.07 | ||
2063 | 17.34 | 13.21 | -4.13 | ---- | 0.07 | 0.00 | -0.07 | ||
2064 | 17.38 | 13.21 | -4.17 | ---- | 0.07 | 0.00 | -0.07 | ||
2065 | 17.43 | 13.21 | -4.21 | ---- | 0.07 | 0.00 | -0.07 | ||
2066 | 17.47 | 13.21 | -4.26 | ---- | 0.07 | 0.00 | -0.07 | ||
2067 | 17.52 | 13.22 | -4.30 | ---- | 0.07 | 0.00 | -0.07 | ||
2068 | 17.56 | 13.22 | -4.34 | ---- | 0.07 | 0.00 | -0.07 | ||
2069 | 17.61 | 13.22 | -4.39 | ---- | 0.07 | 0.00 | -0.07 | ||
2070 | 17.65 | 13.22 | -4.43 | ---- | 0.07 | 0.00 | -0.07 | ||
2071 | 17.69 | 13.23 | -4.47 | ---- | 0.07 | 0.00 | -0.07 | ||
2072 | 17.72 | 13.23 | -4.50 | ---- | 0.07 | 0.00 | -0.07 | ||
2073 | 17.75 | 13.23 | -4.52 | ---- | 0.07 | 0.00 | -0.07 | ||
2074 | 17.77 | 13.23 | -4.54 | ---- | 0.07 | 0.00 | -0.07 | ||
2075 | 17.79 | 13.23 | -4.56 | ---- | 0.07 | 0.00 | -0.07 | ||
2076 | 17.80 | 13.23 | -4.57 | ---- | 0.07 | 0.00 | -0.07 | ||
2077 | 17.80 | 13.23 | -4.57 | ---- | 0.07 | 0.00 | -0.07 | ||
2078 | 17.81 | 13.23 | -4.57 | ---- | 0.07 | 0.00 | -0.07 | ||
2079 | 17.82 | 13.23 | -4.58 | ---- | 0.07 | 0.00 | -0.06 | ||
2080 | 17.83 | 13.24 | -4.59 | ---- | 0.07 | 0.00 | -0.06 | ||
2081 | 17.84 | 13.24 | -4.61 | ---- | 0.07 | 0.00 | -0.06 | ||
2082 | 17.87 | 13.24 | -4.63 | ---- | 0.07 | 0.00 | -0.06 | ||
2083 | 17.90 | 13.24 | -4.66 | ---- | 0.07 | 0.00 | -0.06 | ||
2084 | 17.94 | 13.24 | -4.70 | ---- | 0.07 | 0.00 | -0.06 | ||
2085 | 17.98 | 13.24 | -4.74 | ---- | 0.07 | 0.00 | -0.06 | ||
2086 | 18.03 | 13.25 | -4.78 | ---- | 0.07 | 0.00 | -0.06 | ||
2087 | 18.08 | 13.25 | -4.83 | ---- | 0.07 | 0.00 | -0.06 | ||
2088 | 18.13 | 13.25 | -4.88 | ---- | 0.07 | 0.00 | -0.06 |
  | 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 | 16.66% | 13.88% | -2.78% | 2033 | 0.07% | 0.00% | -0.07% | ||
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1 Under present law, the year of Trust
Fund reserve depletion is 2033. |
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