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Detailed Single Year Tables

Description of Proposed Provision:
Progressive price indexing (30th percentile) of PIA factors beginning with individuals newly eligible for OASI benefits in 2019: Create a new bend point at the 30th percentile of the AIME distribution of newly retired workers. Maintain current-law benefits for earners at the 30th percentile and below. Reduce the 32 and 15 percent factors above the 30th percentile such that the initial benefit for a worker with AIME equal to the taxable maximum grows by inflation rather than the growth in the SSA average wage index. 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

Cost
rate
Income
rate
Annual
balance
201514.1312.82-1.31
308
0.000.000.00
201613.8812.88-1.00
298
0.000.000.00
201713.8912.91-0.98
280
0.000.000.00
201813.9712.94-1.03
264
0.000.000.00
201914.0912.95-1.14
248
0.000.000.00
202014.2212.96-1.26
233
0.000.000.00
202114.3312.98-1.35
219
-0.010.000.01
202214.5013.01-1.49
204
-0.020.000.02
202314.6913.03-1.66
189
-0.040.000.03
202414.9013.06-1.84
174
-0.060.000.05
202515.0813.08-2.01
159
-0.080.000.08
202615.2513.09-2.16
144
-0.11-0.010.11
202715.4113.10-2.30
129
-0.15-0.010.14
202815.5613.12-2.44
114
-0.19-0.010.18
202915.6913.13-2.56
99
-0.24-0.010.22
203015.8113.14-2.67
84
-0.29-0.020.27
203115.9013.15-2.76
68
-0.34-0.020.32
203215.9813.16-2.82
52
-0.40-0.020.37
203316.0213.16-2.86
35
-0.45-0.020.43
203416.0413.16-2.88
18
-0.51-0.030.48
203516.0513.17-2.88
1
-0.57-0.030.54
203616.0413.17-2.87
----
-0.64-0.030.60
203716.0213.17-2.85
----
-0.70-0.040.66
203815.9713.17-2.80
----
-0.76-0.040.72
203915.9013.17-2.73
----
-0.83-0.040.79
204015.8213.17-2.65
----
-0.90-0.050.85
204115.7313.16-2.56
----
-0.96-0.050.91
204215.6313.16-2.47
----
-1.03-0.060.98
204315.5413.16-2.38
----
-1.10-0.061.04
204415.4413.15-2.29
----
-1.17-0.061.11
204515.3513.15-2.20
----
-1.25-0.071.18
204615.2613.14-2.11
----
-1.32-0.071.25
204715.1713.14-2.03
----
-1.39-0.081.32
204815.0813.14-1.94
----
-1.47-0.081.39
204915.0013.13-1.86
----
-1.54-0.081.46
205014.9213.13-1.79
----
-1.62-0.091.53
205114.8613.13-1.73
----
-1.69-0.091.60
205214.8013.13-1.68
----
-1.77-0.101.67
205314.7513.12-1.63
----
-1.85-0.101.75
205414.7113.12-1.59
----
-1.93-0.111.82
205514.6813.12-1.56
----
-2.01-0.111.90
205614.6513.12-1.53
----
-2.09-0.121.97
205714.6313.12-1.50
----
-2.17-0.122.05
205814.6013.12-1.48
----
-2.25-0.122.12
205914.5813.12-1.46
----
-2.32-0.132.20
206014.5513.12-1.43
----
-2.40-0.132.27
206114.5313.12-1.41
----
-2.48-0.142.34
206214.5113.12-1.39
----
-2.55-0.142.41
206314.4813.12-1.37
----
-2.62-0.152.48
206414.4613.12-1.35
----
-2.70-0.152.55
206514.4513.12-1.33
----
-2.77-0.152.62
206614.4313.12-1.31
----
-2.84-0.162.68
206714.4213.12-1.30
----
-2.92-0.162.75
206814.4013.11-1.29
----
-2.99-0.172.82
206914.3913.11-1.27
----
-3.06-0.172.89
207014.3713.11-1.26
----
-3.13-0.172.96
207114.3513.11-1.24
----
-3.20-0.183.02
207214.3313.11-1.21
----
-3.27-0.183.09
207314.3013.11-1.19
----
-3.34-0.193.15
207414.2613.11-1.15
----
-3.40-0.193.21
207514.2213.11-1.11
----
-3.46-0.193.27
207614.1813.11-1.07
----
-3.52-0.203.33
207714.1313.10-1.02
----
-3.58-0.203.38
207814.0813.10-0.98
----
-3.63-0.203.43
207914.0313.10-0.93
----
-3.68-0.213.48
208013.9813.09-0.88
----
-3.73-0.213.52
208113.9313.09-0.84
----
-3.78-0.213.57
208213.8913.09-0.80
----
-3.84-0.213.62
208313.8613.09-0.77
----
-3.89-0.223.67
208413.8313.09-0.74
----
-3.95-0.223.73
208513.8013.08-0.72
----
-4.01-0.223.78
208613.7813.08-0.69
----
-4.07-0.233.84
208713.7613.08-0.67
----
-4.13-0.233.90
208813.7413.08-0.66
----
-4.19-0.233.96
208913.7213.08-0.64
----
-4.25-0.244.01
209013.7013.08-0.62
----
-4.31-0.244.07



 

Summarized Estimates

 
  Proposal
  Change from Present Law
Years Cost
rate
Income
rate
Actuarial
balance

Year of reserve
depletion
1

Cost
rate
Income
rate
Actuarial
balance
 
Based on Intermediate Assumptions of the 2015 Trustees Report.
2015-2089 14.97% 13.78% -1.20%
2035
-1.57% -0.09% 1.49%
 
1 Under present law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified September 1, 2015