Detailed Single Year Tables

Level of Monthly Benefits	Description of Proposed Provision: B4.5: For retired and disabled workers, reduce the maximum number of dropout years to 4 for workers newly eligible in 2018, to 3 for workers newly eligible in 2019, and to 2 for workers newly eligible in 2020 and later.

			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	13.85	12.96	-0.90	277	0.00	0.00	0.00
2019	13.98	12.97	-1.01	262	-0.01	0.00	0.01
2020	14.11	12.98	-1.13	247	-0.02	0.00	0.02
2021	14.24	13.00	-1.23	232	-0.03	0.00	0.03
2022	14.44	13.03	-1.41	217	-0.05	0.00	0.05
2023	14.68	13.06	-1.63	201	-0.07	0.00	0.07
2024	14.93	13.09	-1.84	185	-0.10	0.00	0.09
2025	15.16	13.11	-2.06	168	-0.12	-0.01	0.12
2026	15.32	13.12	-2.20	152	-0.15	-0.01	0.14
2027	15.48	13.13	-2.34	137	-0.17	-0.01	0.16
2028	15.62	13.15	-2.47	121	-0.19	-0.01	0.18
2029	15.75	13.16	-2.59	105	-0.22	-0.01	0.21
2030	15.86	13.17	-2.69	89	-0.24	-0.01	0.23
2031	15.96	13.18	-2.78	73	-0.26	-0.01	0.25
2032	16.05	13.19	-2.86	56	-0.28	-0.01	0.27
2033	16.11	13.19	-2.92	39	-0.30	-0.01	0.28
2034	16.15	13.20	-2.95	22	-0.32	-0.02	0.30
2035	16.16	13.20	-2.96	4	-0.33	-0.02	0.32
2036	16.21	13.20	-3.00	----	-0.35	-0.02	0.33
2037	16.23	13.21	-3.03	----	-0.36	-0.02	0.35
2038	16.23	13.21	-3.02	----	-0.38	-0.02	0.36
2039	16.22	13.21	-3.01	----	-0.39	-0.02	0.37
2040	16.19	13.21	-2.98	----	-0.40	-0.02	0.38
2041	16.15	13.21	-2.94	----	-0.41	-0.02	0.39
2042	16.11	13.21	-2.90	----	-0.42	-0.02	0.40
2043	16.07	13.21	-2.86	----	-0.43	-0.02	0.41
2044	16.03	13.21	-2.82	----	-0.44	-0.02	0.42
2045	16.00	13.21	-2.79	----	-0.45	-0.02	0.43
2046	15.97	13.21	-2.76	----	-0.46	-0.02	0.43
2047	15.94	13.21	-2.73	----	-0.46	-0.02	0.44
2048	15.91	13.21	-2.71	----	-0.47	-0.02	0.45
2049	15.89	13.21	-2.69	----	-0.48	-0.03	0.45
2050	15.88	13.21	-2.67	----	-0.48	-0.03	0.46
2051	15.87	13.21	-2.66	----	-0.49	-0.03	0.46
2052	15.88	13.21	-2.67	----	-0.49	-0.03	0.47
2053	15.90	13.21	-2.69	----	-0.50	-0.03	0.47
2054	15.92	13.21	-2.71	----	-0.50	-0.03	0.47
2055	15.96	13.22	-2.74	----	-0.50	-0.03	0.48
2056	16.00	13.22	-2.78	----	-0.51	-0.03	0.48
2057	16.05	13.22	-2.82	----	-0.51	-0.03	0.48
2058	16.09	13.23	-2.87	----	-0.51	-0.03	0.49
2059	16.14	13.23	-2.91	----	-0.52	-0.03	0.49
2060	16.19	13.23	-2.95	----	-0.52	-0.03	0.49
2061	16.24	13.24	-3.00	----	-0.52	-0.03	0.49
2062	16.28	13.24	-3.04	----	-0.52	-0.03	0.50
2063	16.33	13.24	-3.09	----	-0.53	-0.03	0.50
2064	16.38	13.25	-3.13	----	-0.53	-0.03	0.50
2065	16.43	13.25	-3.17	----	-0.53	-0.03	0.50
2066	16.48	13.25	-3.22	----	-0.53	-0.03	0.50
2067	16.53	13.26	-3.27	----	-0.53	-0.03	0.50
2068	16.58	13.26	-3.32	----	-0.54	-0.03	0.51
2069	16.63	13.26	-3.36	----	-0.54	-0.03	0.51
2070	16.68	13.27	-3.41	----	-0.54	-0.03	0.51
2071	16.72	13.27	-3.45	----	-0.54	-0.03	0.51
2072	16.76	13.27	-3.49	----	-0.54	-0.03	0.51
2073	16.80	13.28	-3.52	----	-0.54	-0.03	0.51
2074	16.83	13.28	-3.55	----	-0.54	-0.03	0.51
2075	16.85	13.28	-3.57	----	-0.54	-0.03	0.52
2076	16.86	13.28	-3.58	----	-0.54	-0.03	0.52
2077	16.86	13.28	-3.58	----	-0.54	-0.03	0.52
2078	16.86	13.28	-3.58	----	-0.54	-0.03	0.52
2079	16.86	13.28	-3.58	----	-0.54	-0.03	0.52
2080	16.86	13.28	-3.58	----	-0.54	-0.03	0.51
2081	16.86	13.28	-3.57	----	-0.54	-0.03	0.51
2082	16.86	13.28	-3.58	----	-0.54	-0.03	0.51
2083	16.87	13.28	-3.59	----	-0.54	-0.03	0.52
2084	16.90	13.28	-3.61	----	-0.55	-0.03	0.52
2085	16.92	13.29	-3.64	----	-0.55	-0.03	0.52
2086	16.96	13.29	-3.67	----	-0.55	-0.03	0.52
2087	16.99	13.29	-3.70	----	-0.55	-0.03	0.52
2088	17.04	13.29	-3.74	----	-0.55	-0.03	0.52
2089	17.08	13.30	-3.78	----	-0.55	-0.03	0.52
2090	17.12	13.30	-3.83	----	-0.55	-0.03	0.52
2091	17.17	13.30	-3.87	----	-0.55	-0.03	0.52

				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	16.12%	13.82%	-2.29%	2035	-0.39%	-0.02%	0.37%

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: B4.5: For retired and disabled workers, reduce the maximum number of dropout years to 4 for workers newly eligible in 2018, to 3 for workers newly eligible in 2019, and to 2 for workers newly eligible in 2020 and later.

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates

Description of Proposed Provision:
B4.5: For retired and disabled workers, reduce the maximum number of dropout years to 4 for workers newly eligible in 2018, to 3 for workers newly eligible in 2019, and to 2 for workers newly eligible in 2020 and later.