Detailed Single Year Tables

Coverage of Employment	Description of Proposed Provision: Starting in 2014, cover newly hired State and local government employees.

			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	12.86	-1.18	315	0.00	0.03	0.03
2015	13.97	12.92	-1.05	301	0.00	0.06	0.06
2016	13.91	12.97	-0.94	286	0.00	0.09	0.09
2017	13.88	13.02	-0.87	272	0.00	0.11	0.11
2018	13.91	13.07	-0.85	259	0.00	0.14	0.14
2019	14.06	13.11	-0.95	247	0.00	0.16	0.16
2020	14.26	13.15	-1.11	235	0.00	0.18	0.18
2021	14.45	13.19	-1.26	223	0.00	0.20	0.19
2022	14.71	13.24	-1.47	210	0.00	0.21	0.21
2023	14.98	13.27	-1.70	196	0.01	0.23	0.22
2024	15.24	13.30	-1.94	182	0.01	0.24	0.24
2025	15.49	13.33	-2.16	168	0.01	0.26	0.25
2026	15.72	13.35	-2.37	153	0.01	0.27	0.26
2027	15.94	13.38	-2.56	138	0.01	0.28	0.27
2028	16.15	13.40	-2.75	123	0.02	0.29	0.28
2029	16.35	13.43	-2.92	106	0.02	0.31	0.29
2030	16.52	13.45	-3.07	89	0.02	0.32	0.29
2031	16.66	13.47	-3.19	72	0.03	0.33	0.30
2032	16.78	13.49	-3.29	53	0.03	0.34	0.31
2033	16.89	13.51	-3.38	35	0.03	0.35	0.32
2034	16.97	13.52	-3.45	15	0.04	0.36	0.32
2035	17.03	13.54	-3.49	----	0.05	0.37	0.33
2036	17.06	13.55	-3.51	----	0.05	0.38	0.33
2037	17.08	13.56	-3.52	----	0.06	0.39	0.34
2038	17.08	13.57	-3.51	----	0.06	0.40	0.34
2039	17.06	13.58	-3.48	----	0.07	0.41	0.34
2040	17.04	13.59	-3.45	----	0.08	0.42	0.34
2041	17.02	13.60	-3.41	----	0.09	0.43	0.34
2042	16.99	13.61	-3.38	----	0.10	0.44	0.35
2043	16.97	13.62	-3.35	----	0.10	0.45	0.35
2044	16.96	13.64	-3.32	----	0.12	0.47	0.35
2045	16.96	13.64	-3.32	----	0.13	0.47	0.34
2046	16.96	13.64	-3.32	----	0.15	0.47	0.33
2047	16.96	13.64	-3.32	----	0.16	0.47	0.32
2048	16.96	13.64	-3.32	----	0.17	0.47	0.31
2049	16.97	13.64	-3.33	----	0.19	0.47	0.29
2050	16.99	13.65	-3.34	----	0.20	0.48	0.27
2051	17.01	13.65	-3.36	----	0.22	0.48	0.26
2052	17.05	13.65	-3.40	----	0.24	0.48	0.24
2053	17.09	13.65	-3.43	----	0.25	0.48	0.23
2054	17.14	13.66	-3.48	----	0.27	0.48	0.21
2055	17.20	13.66	-3.54	----	0.29	0.48	0.19
2056	17.27	13.66	-3.60	----	0.31	0.48	0.17
2057	17.33	13.67	-3.66	----	0.33	0.48	0.15
2058	17.39	13.67	-3.72	----	0.34	0.48	0.14
2059	17.46	13.67	-3.79	----	0.36	0.48	0.12
2060	17.52	13.68	-3.85	----	0.38	0.48	0.10
2061	17.59	13.68	-3.90	----	0.40	0.48	0.08
2062	17.64	13.69	-3.96	----	0.42	0.48	0.07
2063	17.70	13.69	-4.02	----	0.43	0.49	0.05
2064	17.76	13.69	-4.07	----	0.45	0.49	0.03
2065	17.83	13.70	-4.13	----	0.47	0.49	0.02
2066	17.89	13.70	-4.19	----	0.48	0.49	0.00
2067	17.95	13.70	-4.25	----	0.50	0.49	-0.01
2068	18.01	13.71	-4.30	----	0.51	0.49	-0.02
2069	18.07	13.71	-4.36	----	0.53	0.49	-0.04
2070	18.13	13.71	-4.41	----	0.54	0.49	-0.05
2071	18.18	13.71	-4.46	----	0.55	0.49	-0.06
2072	18.22	13.72	-4.50	----	0.56	0.49	-0.07
2073	18.26	13.72	-4.54	----	0.57	0.49	-0.08
2074	18.29	13.72	-4.57	----	0.59	0.49	-0.10
2075	18.32	13.72	-4.59	----	0.60	0.49	-0.10
2076	18.33	13.72	-4.61	----	0.60	0.49	-0.11
2077	18.35	13.72	-4.62	----	0.61	0.49	-0.12
2078	18.36	13.72	-4.63	----	0.62	0.49	-0.13
2079	18.38	13.73	-4.65	----	0.63	0.49	-0.13
2080	18.39	13.73	-4.67	----	0.63	0.49	-0.14
2081	18.41	13.73	-4.69	----	0.64	0.49	-0.14
2082	18.44	13.73	-4.72	----	0.64	0.49	-0.15
2083	18.48	13.73	-4.75	----	0.65	0.49	-0.15
2084	18.53	13.73	-4.80	----	0.66	0.49	-0.16
2085	18.57	13.73	-4.84	----	0.66	0.49	-0.17
2086	18.63	13.74	-4.89	----	0.66	0.49	-0.17
2087	18.68	13.74	-4.94	----	0.67	0.49	-0.17
2088	18.74	13.74	-4.99	----	0.67	0.49	-0.18

				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	16.81%	14.25%	-2.56%	2034	0.22%	0.37%	0.15%

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


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Detailed Single Year Tables

Description of Proposed Provision: Starting in 2014, cover newly hired State and local government employees.

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates

Description of Proposed Provision:
Starting in 2014, cover newly hired State and local government employees.