Detailed Single Year Tables

Description of Proposed Provision:
Beginning for those newly eligible in 2016, increase the special minimum benefit to 100 of poverty by: (a) The number of years of work (YOWs) is determined as total quarters of coverage divided by 4, ignoring any fraction. Up to 5 additional years with a child under 6. (b) Set the PIA for 30+ YOWs equal to 100 percent of the monthly HHS poverty level for the year prior to eligibility. For workers between 11 and 29 YOWs, reduce the special minimum by 3 1/3 percentage points per YOW so that at 29 YOWs the minimum would be 96 2/3% of poverty, ..., down to 11 YOWs at 36 2/3% of poverty. No minimum for 10 or fewer YOWs.

			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	13.89	12.90	-0.98	271	0.01	0.00	-0.01
2018	13.92	12.93	-0.99	257	0.01	0.00	-0.01
2019	14.07	12.95	-1.12	244	0.01	0.00	-0.01
2020	14.27	12.97	-1.30	230	0.02	0.00	-0.02
2021	14.46	12.99	-1.47	217	0.02	0.00	-0.02
2022	14.73	13.03	-1.70	203	0.02	0.00	-0.02
2023	14.99	13.04	-1.95	188	0.02	0.00	-0.02
2024	15.25	13.06	-2.19	173	0.02	0.00	-0.02
2025	15.50	13.07	-2.43	157	0.03	0.00	-0.02
2026	15.74	13.09	-2.65	140	0.03	0.00	-0.02
2027	15.96	13.10	-2.86	124	0.03	0.00	-0.03
2028	16.16	13.11	-3.05	106	0.03	0.00	-0.03
2029	16.35	13.12	-3.23	88	0.03	0.00	-0.03
2030	16.52	13.13	-3.39	69	0.03	0.00	-0.03
2031	16.66	13.14	-3.52	50	0.03	0.00	-0.03
2032	16.78	13.15	-3.63	29	0.03	0.00	-0.03
2033	16.89	13.16	-3.73	9	0.03	0.00	-0.03
2034	16.97	13.16	-3.81	----	0.03	0.00	-0.03
2035	17.02	13.17	-3.85	----	0.03	0.00	-0.03
2036	17.04	13.17	-3.87	----	0.03	0.00	-0.03
2037	17.06	13.17	-3.89	----	0.04	0.00	-0.03
2038	17.05	13.17	-3.88	----	0.04	0.00	-0.03
2039	17.03	13.17	-3.86	----	0.04	0.00	-0.03
2040	17.00	13.17	-3.83	----	0.04	0.00	-0.04
2041	16.97	13.17	-3.79	----	0.04	0.00	-0.04
2042	16.93	13.17	-3.76	----	0.04	0.00	-0.04
2043	16.90	13.17	-3.73	----	0.04	0.00	-0.04
2044	16.88	13.17	-3.71	----	0.04	0.00	-0.04
2045	16.87	13.17	-3.69	----	0.04	0.00	-0.04
2046	16.86	13.17	-3.68	----	0.04	0.00	-0.04
2047	16.84	13.17	-3.67	----	0.04	0.00	-0.03
2048	16.83	13.17	-3.66	----	0.04	0.00	-0.03
2049	16.82	13.17	-3.65	----	0.03	0.00	-0.03
2050	16.82	13.17	-3.65	----	0.03	0.00	-0.03
2051	16.82	13.17	-3.65	----	0.03	0.00	-0.03
2052	16.84	13.17	-3.67	----	0.03	0.00	-0.03
2053	16.87	13.18	-3.69	----	0.03	0.00	-0.03
2054	16.90	13.18	-3.72	----	0.03	0.00	-0.03
2055	16.94	13.18	-3.76	----	0.03	0.00	-0.03
2056	16.98	13.18	-3.80	----	0.03	0.00	-0.03
2057	17.03	13.19	-3.84	----	0.03	0.00	-0.03
2058	17.08	13.19	-3.89	----	0.03	0.00	-0.02
2059	17.12	13.19	-3.93	----	0.02	0.00	-0.02
2060	17.16	13.20	-3.97	----	0.02	0.00	-0.02
2061	17.21	13.20	-4.01	----	0.02	0.00	-0.02
2062	17.25	13.20	-4.05	----	0.02	0.00	-0.02
2063	17.29	13.20	-4.09	----	0.02	0.00	-0.02
2064	17.33	13.21	-4.13	----	0.02	0.00	-0.02
2065	17.38	13.21	-4.17	----	0.02	0.00	-0.02
2066	17.42	13.21	-4.21	----	0.02	0.00	-0.02
2067	17.47	13.21	-4.25	----	0.02	0.00	-0.02
2068	17.51	13.22	-4.29	----	0.02	0.00	-0.02
2069	17.56	13.22	-4.34	----	0.02	0.00	-0.01
2070	17.60	13.22	-4.38	----	0.01	0.00	-0.01
2071	17.64	13.22	-4.41	----	0.01	0.00	-0.01
2072	17.67	13.23	-4.44	----	0.01	0.00	-0.01
2073	17.69	13.23	-4.47	----	0.01	0.00	-0.01
2074	17.72	13.23	-4.49	----	0.01	0.00	-0.01
2075	17.73	13.23	-4.50	----	0.01	0.00	-0.01
2076	17.74	13.23	-4.51	----	0.01	0.00	-0.01
2077	17.75	13.23	-4.51	----	0.01	0.00	-0.01
2078	17.75	13.23	-4.52	----	0.01	0.00	-0.01
2079	17.76	13.23	-4.52	----	0.01	0.00	-0.01
2080	17.77	13.23	-4.54	----	0.01	0.00	-0.01
2081	17.78	13.23	-4.55	----	0.01	0.00	-0.01
2082	17.81	13.23	-4.57	----	0.01	0.00	-0.01
2083	17.84	13.24	-4.60	----	0.01	0.00	-0.01
2084	17.88	13.24	-4.64	----	0.01	0.00	-0.01
2085	17.92	13.24	-4.68	----	0.01	0.00	-0.01
2086	17.97	13.24	-4.72	----	0.01	0.00	-0.01
2087	18.02	13.25	-4.77	----	0.01	0.00	-0.01
2088	18.07	13.25	-4.82	----	0.01	0.00	0.00

				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	16.62%	13.88%	-2.74%	2033	0.02%	0.00%	-0.02%

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