Detailed Single Year Tables

Description of Proposed Provision:
Beginning in 2015, reconfigure the special minimum benefit: (a) A year of coverage is defined as a year in which either 20 percent of the old law maximum is earned or a child is in care. Childcare years are granted to parents who have a child under 6, with a limit of 8 such years. (b) At implementation, set the PIA for 30 years of coverage equal to 133 percent of the poverty level. For those with under 30 years of coverage, the PIA per year of coverage over 19 is 12.09 percent of poverty. (c) Use the 2012 Aged Federal poverty level, increased by the SSA average wage index to 2 years prior to benefit eligibility. (d) Scale work requirements for disabled workers, based on the number of years of non-disabled potential work.

			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	-1.11	301	0.00	0.00	0.00
2016	13.92	12.88	-1.03	285	0.01	0.00	-0.01
2017	13.89	12.90	-0.99	271	0.01	0.00	-0.01
2018	13.93	12.93	-1.00	257	0.02	0.00	-0.02
2019	14.08	12.95	-1.13	244	0.02	0.00	-0.02
2020	14.28	12.97	-1.32	230	0.03	0.00	-0.03
2021	14.48	12.99	-1.48	217	0.03	0.00	-0.03
2022	14.74	13.03	-1.72	202	0.04	0.00	-0.04
2023	15.01	13.04	-1.97	187	0.04	0.00	-0.04
2024	15.27	13.06	-2.22	172	0.05	0.00	-0.05
2025	15.53	13.07	-2.46	156	0.05	0.00	-0.05
2026	15.77	13.09	-2.68	139	0.06	0.00	-0.06
2027	15.99	13.10	-2.89	122	0.06	0.00	-0.06
2028	16.20	13.11	-3.09	105	0.07	0.00	-0.06
2029	16.40	13.12	-3.27	87	0.07	0.00	-0.07
2030	16.57	13.13	-3.43	67	0.07	0.00	-0.07
2031	16.71	13.14	-3.57	48	0.08	0.00	-0.07
2032	16.83	13.15	-3.68	27	0.08	0.00	-0.08
2033	16.94	13.16	-3.78	6	0.08	0.00	-0.08
2034	17.02	13.16	-3.86	----	0.09	0.00	-0.08
2035	17.07	13.17	-3.90	----	0.09	0.00	-0.09
2036	17.10	13.17	-3.93	----	0.09	0.00	-0.09
2037	17.12	13.17	-3.95	----	0.10	0.00	-0.09
2038	17.12	13.17	-3.94	----	0.10	0.00	-0.09
2039	17.09	13.18	-3.92	----	0.10	0.00	-0.10
2040	17.07	13.17	-3.89	----	0.10	0.00	-0.10
2041	17.03	13.17	-3.86	----	0.10	0.00	-0.10
2042	17.00	13.17	-3.83	----	0.11	0.00	-0.10
2043	16.97	13.17	-3.80	----	0.11	0.00	-0.10
2044	16.95	13.17	-3.78	----	0.11	0.00	-0.11
2045	16.94	13.17	-3.77	----	0.11	0.00	-0.11
2046	16.93	13.17	-3.76	----	0.11	0.00	-0.11
2047	16.92	13.17	-3.75	----	0.12	0.00	-0.11
2048	16.91	13.17	-3.74	----	0.12	0.00	-0.11
2049	16.91	13.17	-3.73	----	0.12	0.00	-0.12
2050	16.91	13.18	-3.73	----	0.12	0.00	-0.12
2051	16.92	13.18	-3.74	----	0.13	0.00	-0.12
2052	16.94	13.18	-3.76	----	0.13	0.00	-0.12
2053	16.96	13.18	-3.78	----	0.13	0.00	-0.12
2054	17.00	13.18	-3.82	----	0.13	0.00	-0.13
2055	17.04	13.18	-3.86	----	0.13	0.00	-0.13
2056	17.09	13.19	-3.90	----	0.13	0.00	-0.13
2057	17.14	13.19	-3.95	----	0.14	0.00	-0.13
2058	17.19	13.19	-3.99	----	0.14	0.00	-0.13
2059	17.23	13.20	-4.04	----	0.14	0.01	-0.13
2060	17.28	13.20	-4.08	----	0.14	0.01	-0.13
2061	17.32	13.20	-4.12	----	0.14	0.01	-0.13
2062	17.37	13.21	-4.16	----	0.14	0.01	-0.14
2063	17.41	13.21	-4.20	----	0.14	0.01	-0.14
2064	17.46	13.21	-4.24	----	0.14	0.01	-0.14
2065	17.50	13.21	-4.29	----	0.14	0.01	-0.14
2066	17.55	13.22	-4.33	----	0.14	0.01	-0.14
2067	17.59	13.22	-4.38	----	0.15	0.01	-0.14
2068	17.64	13.22	-4.42	----	0.15	0.01	-0.14
2069	17.69	13.22	-4.46	----	0.15	0.01	-0.14
2070	17.73	13.23	-4.50	----	0.15	0.01	-0.14
2071	17.77	13.23	-4.54	----	0.15	0.01	-0.14
2072	17.80	13.23	-4.57	----	0.15	0.01	-0.14
2073	17.83	13.23	-4.60	----	0.15	0.01	-0.14
2074	17.85	13.23	-4.62	----	0.15	0.01	-0.14
2075	17.87	13.24	-4.63	----	0.15	0.01	-0.14
2076	17.88	13.24	-4.64	----	0.15	0.01	-0.14
2077	17.89	13.24	-4.65	----	0.15	0.01	-0.14
2078	17.89	13.24	-4.65	----	0.15	0.01	-0.15
2079	17.90	13.24	-4.66	----	0.15	0.01	-0.15
2080	17.91	13.24	-4.67	----	0.15	0.01	-0.15
2081	17.93	13.24	-4.69	----	0.15	0.01	-0.15
2082	17.95	13.24	-4.71	----	0.15	0.01	-0.15
2083	17.99	13.24	-4.74	----	0.15	0.01	-0.15
2084	18.02	13.24	-4.78	----	0.15	0.01	-0.15
2085	18.07	13.25	-4.82	----	0.15	0.01	-0.15
2086	18.12	13.25	-4.87	----	0.15	0.01	-0.15
2087	18.17	13.25	-4.92	----	0.15	0.01	-0.15
2088	18.22	13.26	-4.96	----	0.15	0.01	-0.15

				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	16.69%	13.88%	-2.81%	2033	0.10%	0.00%	-0.09%

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