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Detailed Single Year Tables

Description of Proposed Provision:
Increase the normal retirement age (NRA) and the earliest eligibility age (EEA) for those age 62 starting in 2016 by 3 months per year until EEA reaches 64 in 2023 and NRA reaches 69 in 2027.

 

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
201613.8712.88-0.99
298
-0.010.000.01
201713.8712.92-0.95
281
-0.030.000.03
201813.9212.94-0.98
265
-0.050.010.06
201914.0012.96-1.04
251
-0.090.010.09
202014.1012.97-1.12
237
-0.130.010.14
202114.1513.00-1.15
224
-0.190.010.21
202214.2613.03-1.24
211
-0.250.020.27
202314.4113.05-1.36
198
-0.310.020.33
202414.5913.08-1.51
185
-0.370.020.39
202514.7413.10-1.64
172
-0.420.020.44
202614.9013.12-1.78
159
-0.470.020.48
202715.0513.13-1.92
146
-0.510.020.53
202815.1913.14-2.05
133
-0.560.020.58
202915.3213.16-2.17
120
-0.610.010.62
203015.4413.17-2.28
107
-0.650.010.67
203115.5313.18-2.36
94
-0.710.010.72
203215.6213.19-2.43
80
-0.760.010.77
203315.6813.19-2.49
65
-0.790.010.80
203415.7313.20-2.54
50
-0.820.010.82
203515.7813.20-2.58
35
-0.840.000.84
203615.8413.21-2.64
19
-0.840.000.84
203715.8813.21-2.67
3
-0.840.000.84
203815.8813.21-2.67
----
-0.850.000.85
203915.8613.21-2.65
----
-0.860.000.86
204015.8313.21-2.62
----
-0.88-0.010.88
204115.7913.21-2.58
----
-0.90-0.010.90
204215.7413.21-2.53
----
-0.93-0.010.92
204315.6913.21-2.49
----
-0.95-0.010.94
204415.6513.21-2.44
----
-0.97-0.010.96
204515.6113.21-2.41
----
-0.98-0.010.97
204615.5713.21-2.37
----
-1.00-0.010.99
204715.5413.21-2.34
----
-1.02-0.011.00
204815.5213.21-2.31
----
-1.03-0.011.02
204915.4913.21-2.28
----
-1.05-0.011.04
205015.4713.21-2.27
----
-1.07-0.011.05
205115.4613.21-2.26
----
-1.09-0.011.07
205215.4713.21-2.26
----
-1.11-0.011.09
205315.4813.21-2.27
----
-1.12-0.011.10
205415.5113.21-2.30
----
-1.13-0.011.11
205515.5513.22-2.33
----
-1.14-0.021.12
205615.6013.22-2.38
----
-1.14-0.021.13
205715.6513.22-2.42
----
-1.15-0.021.13
205815.7013.23-2.47
----
-1.15-0.021.13
205915.7513.23-2.52
----
-1.15-0.021.13
206015.8013.24-2.57
----
-1.15-0.021.13
206115.8513.24-2.61
----
-1.15-0.021.14
206215.9013.24-2.66
----
-1.15-0.021.14
206315.9613.25-2.71
----
-1.15-0.021.13
206416.0113.25-2.76
----
-1.15-0.021.14
206516.0613.25-2.81
----
-1.16-0.021.14
206616.1113.26-2.85
----
-1.17-0.021.15
206716.1613.26-2.90
----
-1.17-0.021.15
206816.2113.26-2.95
----
-1.18-0.021.16
206916.2713.27-3.00
----
-1.18-0.021.16
207016.3213.27-3.05
----
-1.18-0.021.16
207116.3913.27-3.12
----
-1.16-0.021.14
207216.4413.28-3.16
----
-1.15-0.021.14
207316.4813.28-3.20
----
-1.15-0.021.13
207416.5113.28-3.23
----
-1.15-0.021.14
207516.5313.28-3.24
----
-1.16-0.021.14
207616.5413.28-3.26
----
-1.15-0.021.13
207716.5513.28-3.27
----
-1.15-0.021.13
207816.5613.28-3.28
----
-1.15-0.021.13
207916.5613.28-3.28
----
-1.15-0.021.13
208016.5613.28-3.27
----
-1.15-0.021.13
208116.5613.28-3.28
----
-1.16-0.021.14
208216.5613.28-3.28
----
-1.16-0.021.14
208316.5813.28-3.29
----
-1.17-0.021.15
208416.6013.29-3.31
----
-1.17-0.021.15
208516.6313.29-3.34
----
-1.18-0.021.16
208616.6613.29-3.37
----
-1.19-0.021.17
208716.6913.29-3.40
----
-1.19-0.021.17
208816.7313.30-3.43
----
-1.20-0.021.18
208916.7713.30-3.47
----
-1.20-0.021.18
209016.8213.30-3.52
----
-1.20-0.021.18



 

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 15.70% 13.86% -1.84%
2037
-0.85% -0.01% 0.84%
 
1 Under present law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified September 1, 2015