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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 | 14.03 | 12.83 | -1.20 | 316 | -0.01 | 0.00 | 0.00 | ||
2015 | 13.95 | 12.86 | -1.09 | 301 | -0.02 | 0.00 | 0.02 | ||
2016 | 13.88 | 12.88 | -1.00 | 286 | -0.03 | 0.00 | 0.03 | ||
2017 | 13.83 | 12.90 | -0.93 | 272 | -0.05 | 0.00 | 0.05 | ||
2018 | 13.84 | 12.93 | -0.92 | 259 | -0.07 | 0.00 | 0.07 | ||
2019 | 13.96 | 12.95 | -1.02 | 247 | -0.09 | 0.00 | 0.09 | ||
2020 | 14.14 | 12.96 | -1.17 | 235 | -0.12 | 0.00 | 0.11 | ||
2021 | 14.30 | 12.99 | -1.31 | 222 | -0.14 | -0.01 | 0.14 | ||
2022 | 14.54 | 13.02 | -1.52 | 209 | -0.17 | -0.01 | 0.16 | ||
2023 | 14.78 | 13.03 | -1.74 | 196 | -0.19 | -0.01 | 0.18 | ||
2024 | 15.01 | 13.05 | -1.96 | 182 | -0.21 | -0.01 | 0.21 | ||
2025 | 15.24 | 13.06 | -2.18 | 167 | -0.24 | -0.01 | 0.23 | ||
2026 | 15.45 | 13.07 | -2.38 | 152 | -0.26 | -0.01 | 0.25 | ||
2027 | 15.65 | 13.09 | -2.56 | 137 | -0.28 | -0.01 | 0.27 | ||
2028 | 15.83 | 13.10 | -2.74 | 121 | -0.30 | -0.01 | 0.29 | ||
2029 | 16.00 | 13.11 | -2.90 | 105 | -0.32 | -0.01 | 0.31 | ||
2030 | 16.15 | 13.12 | -3.04 | 88 | -0.34 | -0.02 | 0.33 | ||
2031 | 16.28 | 13.12 | -3.15 | 70 | -0.36 | -0.02 | 0.34 | ||
2032 | 16.38 | 13.13 | -3.25 | 52 | -0.37 | -0.02 | 0.36 | ||
2033 | 16.47 | 13.14 | -3.33 | 33 | -0.39 | -0.02 | 0.37 | ||
2034 | 16.53 | 13.14 | -3.39 | 13 | -0.40 | -0.02 | 0.38 | ||
2035 | 16.57 | 13.15 | -3.42 | ---- | -0.42 | -0.02 | 0.40 | ||
2036 | 16.58 | 13.15 | -3.43 | ---- | -0.43 | -0.02 | 0.41 | ||
2037 | 16.59 | 13.15 | -3.44 | ---- | -0.44 | -0.02 | 0.42 | ||
2038 | 16.57 | 13.15 | -3.42 | ---- | -0.45 | -0.02 | 0.42 | ||
2039 | 16.54 | 13.15 | -3.39 | ---- | -0.45 | -0.02 | 0.43 | ||
2040 | 16.50 | 13.15 | -3.35 | ---- | -0.46 | -0.02 | 0.44 | ||
2041 | 16.46 | 13.15 | -3.31 | ---- | -0.47 | -0.02 | 0.44 | ||
2042 | 16.42 | 13.15 | -3.28 | ---- | -0.47 | -0.02 | 0.45 | ||
2043 | 16.39 | 13.15 | -3.24 | ---- | -0.48 | -0.02 | 0.45 | ||
2044 | 16.36 | 13.15 | -3.22 | ---- | -0.48 | -0.02 | 0.46 | ||
2045 | 16.34 | 13.15 | -3.20 | ---- | -0.48 | -0.02 | 0.46 | ||
2046 | 16.33 | 13.15 | -3.19 | ---- | -0.49 | -0.02 | 0.46 | ||
2047 | 16.32 | 13.15 | -3.17 | ---- | -0.49 | -0.02 | 0.47 | ||
2048 | 16.30 | 13.15 | -3.16 | ---- | -0.49 | -0.02 | 0.47 | ||
2049 | 16.29 | 13.15 | -3.15 | ---- | -0.49 | -0.02 | 0.47 | ||
2050 | 16.29 | 13.15 | -3.14 | ---- | -0.49 | -0.02 | 0.47 | ||
2051 | 16.30 | 13.15 | -3.15 | ---- | -0.50 | -0.02 | 0.47 | ||
2052 | 16.31 | 13.15 | -3.16 | ---- | -0.50 | -0.02 | 0.47 | ||
2053 | 16.34 | 13.15 | -3.19 | ---- | -0.50 | -0.02 | 0.47 | ||
2054 | 16.37 | 13.15 | -3.21 | ---- | -0.50 | -0.02 | 0.48 | ||
2055 | 16.41 | 13.16 | -3.25 | ---- | -0.50 | -0.02 | 0.48 | ||
2056 | 16.45 | 13.16 | -3.29 | ---- | -0.50 | -0.02 | 0.48 | ||
2057 | 16.50 | 13.16 | -3.34 | ---- | -0.51 | -0.02 | 0.48 | ||
2058 | 16.54 | 13.16 | -3.38 | ---- | -0.51 | -0.02 | 0.48 | ||
2059 | 16.59 | 13.17 | -3.42 | ---- | -0.51 | -0.02 | 0.49 | ||
2060 | 16.63 | 13.17 | -3.46 | ---- | -0.51 | -0.02 | 0.49 | ||
2061 | 16.67 | 13.17 | -3.50 | ---- | -0.51 | -0.02 | 0.49 | ||
2062 | 16.71 | 13.18 | -3.54 | ---- | -0.51 | -0.02 | 0.49 | ||
2063 | 16.75 | 13.18 | -3.58 | ---- | -0.52 | -0.02 | 0.49 | ||
2064 | 16.80 | 13.18 | -3.61 | ---- | -0.52 | -0.02 | 0.49 | ||
2065 | 16.84 | 13.18 | -3.66 | ---- | -0.52 | -0.02 | 0.49 | ||
2066 | 16.88 | 13.19 | -3.70 | ---- | -0.52 | -0.03 | 0.50 | ||
2067 | 16.93 | 13.19 | -3.74 | ---- | -0.52 | -0.03 | 0.50 | ||
2068 | 16.97 | 13.19 | -3.78 | ---- | -0.52 | -0.03 | 0.50 | ||
2069 | 17.02 | 13.19 | -3.82 | ---- | -0.52 | -0.03 | 0.50 | ||
2070 | 17.06 | 13.20 | -3.86 | ---- | -0.53 | -0.03 | 0.50 | ||
2071 | 17.10 | 13.20 | -3.90 | ---- | -0.53 | -0.03 | 0.50 | ||
2072 | 17.13 | 13.20 | -3.93 | ---- | -0.53 | -0.03 | 0.50 | ||
2073 | 17.15 | 13.20 | -3.95 | ---- | -0.53 | -0.03 | 0.50 | ||
2074 | 17.17 | 13.20 | -3.97 | ---- | -0.53 | -0.03 | 0.50 | ||
2075 | 17.19 | 13.20 | -3.99 | ---- | -0.53 | -0.03 | 0.50 | ||
2076 | 17.20 | 13.21 | -3.99 | ---- | -0.53 | -0.03 | 0.51 | ||
2077 | 17.21 | 13.21 | -4.00 | ---- | -0.53 | -0.03 | 0.51 | ||
2078 | 17.21 | 13.21 | -4.00 | ---- | -0.53 | -0.03 | 0.51 | ||
2079 | 17.22 | 13.21 | -4.01 | ---- | -0.53 | -0.03 | 0.51 | ||
2080 | 17.23 | 13.21 | -4.02 | ---- | -0.53 | -0.03 | 0.51 | ||
2081 | 17.24 | 13.21 | -4.04 | ---- | -0.53 | -0.03 | 0.51 | ||
2082 | 17.27 | 13.21 | -4.06 | ---- | -0.53 | -0.03 | 0.51 | ||
2083 | 17.30 | 13.21 | -4.09 | ---- | -0.53 | -0.03 | 0.51 | ||
2084 | 17.34 | 13.21 | -4.12 | ---- | -0.54 | -0.03 | 0.51 | ||
2085 | 17.38 | 13.21 | -4.16 | ---- | -0.54 | -0.03 | 0.51 | ||
2086 | 17.42 | 13.22 | -4.21 | ---- | -0.54 | -0.03 | 0.51 | ||
2087 | 17.47 | 13.22 | -4.25 | ---- | -0.54 | -0.03 | 0.51 | ||
2088 | 17.52 | 13.22 | -4.30 | ---- | -0.54 | -0.03 | 0.51 |
  | 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 | 16.21% | 13.86% | -2.35% | 2034 | -0.39% | -0.02% | 0.37% | ||
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1 Under present law, the year of Trust
Fund reserve depletion is 2033. |
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