Detailed Single Year Tables

Description of Proposed Provision:
Beginning with those newly eligible for OASDI benefits in 2017, multiply all PIA formula factors each year by 0.991. Stop reductions after 2045. Disabled workers are: (a) not affected prior to normal retirement age; and (b) subject to a proportional reduction in benefits, based on the worker's years of disability, upon conversion to retired-worker beneficiary status. Young survivors (children of deceased workers and surviving spouses with a child in care) are not affected.

			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
2013	13.95	12.69	-1.26	330	0.00	0.00	0.00
2014	14.04	12.83	-1.20	315	0.00	0.00	0.00
2015	13.97	12.86	-1.10	301	0.00	0.00	0.00
2016	13.91	12.88	-1.03	286	0.00	0.00	0.00
2017	13.88	12.90	-0.98	271	0.00	0.00	0.00
2018	13.91	12.93	-0.98	258	0.00	0.00	0.00
2019	14.05	12.95	-1.10	244	-0.01	0.00	0.01
2020	14.24	12.97	-1.27	231	-0.02	0.00	0.02
2021	14.41	12.99	-1.42	218	-0.03	0.00	0.03
2022	14.65	13.02	-1.63	205	-0.05	0.00	0.05
2023	14.89	13.04	-1.86	190	-0.07	0.00	0.07
2024	15.12	13.05	-2.07	176	-0.10	-0.01	0.10
2025	15.34	13.06	-2.27	161	-0.14	-0.01	0.13
2026	15.53	13.08	-2.45	146	-0.18	-0.01	0.17
2027	15.70	13.09	-2.62	130	-0.22	-0.01	0.21
2028	15.86	13.10	-2.77	115	-0.27	-0.01	0.26
2029	16.00	13.11	-2.89	98	-0.33	-0.02	0.31
2030	16.11	13.11	-3.00	81	-0.38	-0.02	0.37
2031	16.19	13.12	-3.07	64	-0.45	-0.02	0.42
2032	16.24	13.12	-3.12	46	-0.51	-0.03	0.49
2033	16.28	13.13	-3.15	28	-0.58	-0.03	0.55
2034	16.28	13.13	-3.15	9	-0.65	-0.03	0.62
2035	16.26	13.13	-3.13	----	-0.73	-0.04	0.69
2036	16.21	13.13	-3.08	----	-0.80	-0.04	0.76
2037	16.14	13.13	-3.02	----	-0.88	-0.04	0.83
2038	16.06	13.12	-2.94	----	-0.96	-0.05	0.91
2039	15.95	13.12	-2.84	----	-1.04	-0.05	0.99
2040	15.84	13.11	-2.73	----	-1.12	-0.06	1.06
2041	15.72	13.11	-2.61	----	-1.20	-0.06	1.14
2042	15.60	13.10	-2.50	----	-1.29	-0.07	1.23
2043	15.48	13.10	-2.38	----	-1.38	-0.07	1.31
2044	15.37	13.09	-2.27	----	-1.47	-0.07	1.40
2045	15.26	13.09	-2.17	----	-1.57	-0.08	1.49
2046	15.15	13.08	-2.07	----	-1.67	-0.08	1.58
2047	15.04	13.08	-1.96	----	-1.77	-0.09	1.68
2048	14.93	13.07	-1.85	----	-1.86	-0.09	1.77
2049	14.82	13.07	-1.75	----	-1.96	-0.10	1.86
2050	14.73	13.07	-1.66	----	-2.06	-0.10	1.95
2051	14.64	13.06	-1.58	----	-2.15	-0.11	2.04
2052	14.57	13.06	-1.51	----	-2.24	-0.11	2.13
2053	14.50	13.06	-1.45	----	-2.33	-0.12	2.21
2054	14.45	13.05	-1.40	----	-2.42	-0.12	2.29
2055	14.41	13.05	-1.36	----	-2.50	-0.13	2.37
2056	14.38	13.05	-1.33	----	-2.58	-0.13	2.45
2057	14.35	13.05	-1.30	----	-2.65	-0.14	2.52
2058	14.33	13.05	-1.28	----	-2.72	-0.14	2.58
2059	14.31	13.05	-1.26	----	-2.79	-0.14	2.64
2060	14.30	13.05	-1.25	----	-2.84	-0.15	2.70
2061	14.29	13.05	-1.24	----	-2.90	-0.15	2.75
2062	14.28	13.05	-1.23	----	-2.95	-0.15	2.80
2063	14.28	13.05	-1.23	----	-2.99	-0.15	2.84
2064	14.28	13.05	-1.23	----	-3.04	-0.16	2.88
2065	14.28	13.05	-1.23	----	-3.07	-0.16	2.92
2066	14.29	13.05	-1.24	----	-3.11	-0.16	2.95
2067	14.31	13.05	-1.26	----	-3.14	-0.16	2.98
2068	14.32	13.05	-1.27	----	-3.17	-0.16	3.01
2069	14.34	13.05	-1.29	----	-3.20	-0.16	3.03
2070	14.36	13.06	-1.31	----	-3.22	-0.17	3.06
2071	14.38	13.06	-1.32	----	-3.24	-0.17	3.08
2072	14.39	13.06	-1.34	----	-3.26	-0.17	3.09
2073	14.40	13.06	-1.35	----	-3.28	-0.17	3.11
2074	14.41	13.06	-1.36	----	-3.29	-0.17	3.12
2075	14.42	13.06	-1.36	----	-3.30	-0.17	3.13
2076	14.42	13.06	-1.36	----	-3.31	-0.17	3.14
2077	14.43	13.06	-1.37	----	-3.31	-0.17	3.14
2078	14.43	13.06	-1.37	----	-3.31	-0.17	3.14
2079	14.43	13.06	-1.37	----	-3.31	-0.17	3.14
2080	14.44	13.06	-1.38	----	-3.32	-0.17	3.15
2081	14.46	13.06	-1.40	----	-3.32	-0.17	3.15
2082	14.48	13.06	-1.41	----	-3.32	-0.17	3.15
2083	14.50	13.06	-1.44	----	-3.33	-0.17	3.16
2084	14.53	13.07	-1.47	----	-3.34	-0.17	3.17
2085	14.57	13.07	-1.50	----	-3.35	-0.17	3.17
2086	14.60	13.07	-1.53	----	-3.36	-0.17	3.18
2087	14.64	13.07	-1.57	----	-3.37	-0.17	3.20
2088	14.68	13.07	-1.61	----	-3.38	-0.18	3.21

				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 2013 Trustees Report.
2013-2087	15.03%	13.80%	-1.23%	2034	-1.56%	-0.08%	1.48%

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