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Detailed Single Year Tables

Description of Proposed Provision:
E3.7: Increase the taxable maximum by an additional 2 percent per year beginning in 2018 until taxable earnings equal 90 percent of covered earnings. Provide benefit credit for earnings up to the revised taxable maximum. Create a new bend point equal to the current-law taxable maximum with a 5 percent formula factor applying above the new bend point.

 

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
201614.0512.94-1.10
303
0.000.000.00
201713.7212.92-0.80
293
0.000.000.00
201813.8613.00-0.86
277
0.000.040.04
201913.9913.05-0.94
262
0.000.080.08
202014.1313.10-1.03
247
0.000.120.12
202114.2713.16-1.11
233
0.000.160.16
202214.4913.23-1.26
218
0.000.200.20
202314.7613.29-1.47
203
0.000.230.23
202415.0213.36-1.67
188
0.000.260.26
202515.2913.41-1.88
172
0.000.300.30
202615.4713.46-2.01
157
0.000.330.33
202715.6513.51-2.15
142
0.000.360.36
202815.8213.55-2.26
128
0.010.400.39
202915.9713.60-2.38
113
0.010.430.42
203016.1113.64-2.47
98
0.010.460.45
203116.2313.68-2.55
84
0.010.490.48
203216.3413.72-2.62
69
0.010.520.51
203316.4213.75-2.67
54
0.020.550.53
203416.4813.79-2.70
38
0.020.580.56
203516.5213.82-2.70
23
0.020.600.58
203616.5813.85-2.73
7
0.020.630.61
203716.6313.88-2.74
----
0.030.660.63
203816.6513.91-2.73
----
0.030.680.65
203916.6513.94-2.71
----
0.040.710.67
204016.6313.96-2.67
----
0.040.730.69
204116.6113.99-2.62
----
0.040.760.71
204216.5814.01-2.57
----
0.050.780.73
204316.5514.03-2.52
----
0.050.800.75
204416.5314.06-2.47
----
0.060.830.77
204516.5114.08-2.43
----
0.060.850.78
204616.5014.10-2.39
----
0.070.870.80
204716.4814.12-2.35
----
0.080.890.82
204816.4714.15-2.32
----
0.080.920.83
204916.4614.17-2.29
----
0.090.940.85
205016.4514.19-2.26
----
0.090.960.86
205116.4614.21-2.25
----
0.100.980.88
205216.4814.24-2.24
----
0.111.000.89
205316.5114.26-2.25
----
0.121.020.91
205416.5514.28-2.27
----
0.121.040.92
205516.5914.29-2.30
----
0.131.050.92
205616.6514.30-2.35
----
0.141.050.91
205716.7014.30-2.40
----
0.151.050.91
205816.7614.31-2.45
----
0.161.060.90
205916.8214.32-2.50
----
0.161.060.89
206016.8814.32-2.56
----
0.171.060.89
206116.9414.33-2.61
----
0.181.060.88
206216.9914.33-2.66
----
0.191.060.87
206317.0514.34-2.72
----
0.191.060.87
206417.1114.34-2.77
----
0.201.070.86
206517.1714.35-2.82
----
0.211.070.86
206617.2214.35-2.87
----
0.221.070.85
206717.2814.36-2.93
----
0.221.070.85
206817.3414.36-2.98
----
0.231.070.84
206917.4014.37-3.04
----
0.241.070.83
207017.4614.37-3.09
----
0.251.070.83
207117.5214.38-3.14
----
0.251.080.82
207217.5614.38-3.18
----
0.261.080.82
207317.6014.38-3.22
----
0.261.080.81
207417.6414.39-3.25
----
0.271.080.81
207517.6714.39-3.28
----
0.271.080.81
207617.6814.39-3.29
----
0.281.080.80
207717.6914.40-3.30
----
0.281.080.80
207817.7014.40-3.30
----
0.291.090.80
207917.7014.40-3.30
----
0.291.090.79
208017.7014.40-3.30
----
0.291.090.79
208117.7014.40-3.30
----
0.301.090.79
208217.7114.40-3.31
----
0.301.090.79
208317.7214.40-3.32
----
0.301.090.79
208417.7514.40-3.34
----
0.311.090.78
208517.7814.41-3.37
----
0.311.090.78
208617.8214.41-3.41
----
0.311.090.78
208717.8614.41-3.45
----
0.321.090.78
208817.9114.42-3.49
----
0.321.090.78
208917.9514.42-3.53
----
0.321.100.77
209018.0014.43-3.58
----
0.331.100.77
209118.0514.43-3.62
----
0.331.100.77



 

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 2016 Trustees Report.
2016-2090 16.62% 14.61% -2.02%
2036
0.12% 0.76% 0.64%
 
1 Under present law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified August 30, 2016