Detailed Single Year Tables

Retirement Age	Description of Proposed Provision: C2.1: Increase the earliest eligibility age (EEA) by two months per year for those age 62 starting in 2018 and ending in 2035 (EEA reaches 65 for those age 62 in 2035).

			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
2016	14.05	12.94	-1.10	303	0.00	0.00	0.00
2017	13.72	12.92	-0.80	293	0.00	0.00	0.00
2018	13.81	12.96	-0.85	278	-0.04	0.01	0.05
2019	13.90	12.98	-0.92	263	-0.08	0.01	0.10
2020	14.01	13.00	-1.00	249	-0.13	0.02	0.15
2021	14.10	13.03	-1.07	236	-0.17	0.03	0.20
2022	14.27	13.07	-1.20	222	-0.22	0.04	0.26
2023	14.49	13.10	-1.39	208	-0.27	0.04	0.31
2024	14.68	13.14	-1.54	194	-0.34	0.04	0.39
2025	14.88	13.16	-1.73	179	-0.40	0.05	0.45
2026	15.02	13.17	-1.85	165	-0.45	0.04	0.50
2027	15.17	13.18	-1.99	151	-0.48	0.04	0.52
2028	15.31	13.20	-2.12	137	-0.50	0.04	0.54
2029	15.46	13.21	-2.25	123	-0.51	0.04	0.55
2030	15.60	13.22	-2.39	108	-0.50	0.04	0.54
2031	15.76	13.23	-2.53	94	-0.46	0.04	0.50
2032	15.93	13.24	-2.69	78	-0.40	0.04	0.44
2033	16.08	13.25	-2.83	62	-0.33	0.04	0.37
2034	16.21	13.26	-2.95	45	-0.26	0.05	0.31
2035	16.31	13.27	-3.04	27	-0.19	0.05	0.24
2036	16.42	13.27	-3.15	9	-0.13	0.05	0.18
2037	16.52	13.28	-3.24	----	-0.08	0.05	0.13
2038	16.58	13.28	-3.30	----	-0.03	0.05	0.09
2039	16.62	13.29	-3.33	----	0.01	0.06	0.05
2040	16.64	13.29	-3.35	----	0.05	0.06	0.01
2041	16.65	13.29	-3.36	----	0.09	0.06	-0.03
2042	16.66	13.29	-3.36	----	0.12	0.06	-0.06
2043	16.66	13.30	-3.36	----	0.16	0.06	-0.09
2044	16.65	13.30	-3.36	----	0.19	0.07	-0.12
2045	16.66	13.30	-3.36	----	0.21	0.07	-0.14
2046	16.66	13.30	-3.36	----	0.23	0.07	-0.16
2047	16.65	13.30	-3.34	----	0.24	0.07	-0.17
2048	16.64	13.30	-3.34	----	0.26	0.07	-0.19
2049	16.64	13.31	-3.34	----	0.27	0.07	-0.20
2050	16.65	13.31	-3.34	----	0.29	0.08	-0.21
2051	16.66	13.31	-3.35	----	0.30	0.08	-0.23
2052	16.70	13.31	-3.38	----	0.32	0.08	-0.25
2053	16.74	13.32	-3.42	----	0.34	0.08	-0.26
2054	16.78	13.32	-3.46	----	0.36	0.08	-0.28
2055	16.83	13.33	-3.51	----	0.37	0.08	-0.29
2056	16.89	13.33	-3.56	----	0.38	0.08	-0.30
2057	16.95	13.33	-3.61	----	0.39	0.08	-0.31
2058	17.00	13.34	-3.67	----	0.40	0.08	-0.31
2059	17.06	13.34	-3.72	----	0.40	0.08	-0.32
2060	17.12	13.35	-3.77	----	0.41	0.09	-0.33
2061	17.17	13.35	-3.82	----	0.42	0.09	-0.33
2062	17.23	13.35	-3.87	----	0.42	0.08	-0.34
2063	17.28	13.36	-3.92	----	0.43	0.08	-0.34
2064	17.34	13.36	-3.97	----	0.43	0.08	-0.35
2065	17.39	13.36	-4.03	----	0.44	0.09	-0.35
2066	17.45	13.37	-4.08	----	0.45	0.09	-0.36
2067	17.52	13.37	-4.14	----	0.46	0.09	-0.37
2068	17.58	13.38	-4.20	----	0.46	0.09	-0.38
2069	17.64	13.38	-4.26	----	0.47	0.09	-0.38
2070	17.70	13.38	-4.32	----	0.48	0.09	-0.40
2071	17.76	13.39	-4.37	----	0.49	0.09	-0.40
2072	17.80	13.39	-4.41	----	0.50	0.09	-0.41
2073	17.83	13.40	-4.44	----	0.49	0.09	-0.40
2074	17.86	13.40	-4.47	----	0.49	0.09	-0.40
2075	17.89	13.40	-4.49	----	0.50	0.09	-0.41
2076	17.90	13.40	-4.51	----	0.50	0.09	-0.41
2077	17.91	13.40	-4.51	----	0.50	0.09	-0.41
2078	17.90	13.40	-4.50	----	0.49	0.09	-0.41
2079	17.89	13.40	-4.50	----	0.49	0.08	-0.40
2080	17.89	13.40	-4.49	----	0.48	0.08	-0.40
2081	17.89	13.40	-4.49	----	0.48	0.08	-0.40
2082	17.89	13.40	-4.50	----	0.49	0.08	-0.40
2083	17.91	13.40	-4.51	----	0.49	0.09	-0.41
2084	17.94	13.40	-4.54	----	0.50	0.09	-0.41
2085	17.97	13.40	-4.57	----	0.50	0.09	-0.41
2086	18.01	13.41	-4.60	----	0.51	0.09	-0.42
2087	18.05	13.41	-4.64	----	0.51	0.09	-0.42
2088	18.09	13.41	-4.68	----	0.51	0.09	-0.42
2089	18.14	13.42	-4.72	----	0.51	0.09	-0.42
2090	18.19	13.42	-4.77	----	0.51	0.09	-0.42
2091	18.23	13.42	-4.81	----	0.51	0.09	-0.42

				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 2016 Trustees Report.
2016-2090	16.64%	13.91%	-2.73%	2036	0.14%	0.06%	-0.07%

¹ Under present law, the year of Trust Fund reserve depletion is 2034.


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Detailed Single Year Tables

Description of Proposed Provision: C2.1: Increase the earliest eligibility age (EEA) by two months per year for those age 62 starting in 2018 and ending in 2035 (EEA reaches 65 for those age 62 in 2035).

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates

Description of Proposed Provision:
C2.1: Increase the earliest eligibility age (EEA) by two months per year for those age 62 starting in 2018 and ending in 2035 (EEA reaches 65 for those age 62 in 2035).