Description of Proposed Provision:
D1: Beginning in 2019, continue benefits for children of disabled or deceased workers until age 22 if the child is in high school, college or vocational school.
Financial Estimates for the OASDI Trust Fund Program
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
|
Expressed as a percentage of current-law taxable payroll |
Trust fund ratio as of January 1 |
Expressed as a percentage of current-law taxable payroll |
|||||||
|
Calendar year |
Cost rate |
Income rate |
Annual balance |
Cost rate |
Income rate |
Annual balance |
|||
| 2018 | 13.81 | 12.64 | -1.17 | 288 | 0.00 | 0.00 | 0.00 | ||
| 2019 | 14.02 | 12.87 | -1.14 | 271 | 0.06 | 0.00 | -0.06 | ||
| 2020 | 14.19 | 12.90 | -1.29 | 254 | 0.06 | 0.00 | -0.06 | ||
| 2021 | 14.34 | 12.92 | -1.42 | 238 | 0.06 | 0.00 | -0.06 | ||
| 2022 | 14.50 | 12.95 | -1.55 | 220 | 0.06 | 0.00 | -0.06 | ||
| 2023 | 14.68 | 12.97 | -1.72 | 203 | 0.06 | 0.00 | -0.06 | ||
| 2024 | 14.87 | 13.00 | -1.87 | 186 | 0.06 | 0.00 | -0.06 | ||
| 2025 | 15.04 | 13.01 | -2.04 | 168 | 0.06 | 0.00 | -0.06 | ||
| 2026 | 15.22 | 13.14 | -2.08 | 151 | 0.06 | 0.00 | -0.06 | ||
| 2027 | 15.43 | 13.16 | -2.27 | 134 | 0.06 | 0.00 | -0.06 | ||
| 2028 | 15.65 | 13.17 | -2.47 | 117 | 0.06 | 0.00 | -0.06 | ||
| 2029 | 15.85 | 13.19 | -2.66 | 100 | 0.06 | 0.00 | -0.06 | ||
| 2030 | 16.05 | 13.21 | -2.84 | 82 | 0.06 | 0.00 | -0.06 | ||
| 2031 | 16.22 | 13.22 | -3.00 | 65 | 0.06 | 0.00 | -0.06 | ||
| 2032 | 16.38 | 13.23 | -3.15 | 46 | 0.06 | 0.00 | -0.06 | ||
| 2033 | 16.51 | 13.24 | -3.27 | 28 | 0.06 | 0.00 | -0.06 | ||
| 2034 | 16.62 | 13.25 | -3.37 | 9 | 0.06 | 0.00 | -0.06 | ||
| 2035 | 16.71 | 13.26 | -3.45 | ---- | 0.06 | 0.00 | -0.05 | ||
| 2036 | 16.78 | 13.26 | -3.52 | ---- | 0.06 | 0.00 | -0.05 | ||
| 2037 | 16.84 | 13.27 | -3.57 | ---- | 0.06 | 0.00 | -0.05 | ||
| 2038 | 16.88 | 13.27 | -3.61 | ---- | 0.06 | 0.00 | -0.05 | ||
| 2039 | 16.89 | 13.27 | -3.61 | ---- | 0.06 | 0.00 | -0.05 | ||
| 2040 | 16.89 | 13.28 | -3.61 | ---- | 0.06 | 0.00 | -0.05 | ||
| 2041 | 16.87 | 13.28 | -3.59 | ---- | 0.06 | 0.00 | -0.05 | ||
| 2042 | 16.83 | 13.28 | -3.56 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2043 | 16.79 | 13.27 | -3.52 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2044 | 16.75 | 13.27 | -3.48 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2045 | 16.72 | 13.27 | -3.45 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2046 | 16.69 | 13.27 | -3.42 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2047 | 16.66 | 13.27 | -3.39 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2048 | 16.64 | 13.27 | -3.37 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2049 | 16.62 | 13.27 | -3.35 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2050 | 16.60 | 13.27 | -3.33 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2051 | 16.60 | 13.27 | -3.32 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2052 | 16.60 | 13.27 | -3.32 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2053 | 16.61 | 13.27 | -3.33 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2054 | 16.62 | 13.28 | -3.35 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2055 | 16.65 | 13.28 | -3.37 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2056 | 16.68 | 13.28 | -3.40 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2057 | 16.73 | 13.29 | -3.44 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2058 | 16.77 | 13.29 | -3.48 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2059 | 16.82 | 13.29 | -3.53 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2060 | 16.87 | 13.30 | -3.57 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2061 | 16.92 | 13.30 | -3.62 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2062 | 16.97 | 13.31 | -3.66 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2063 | 17.02 | 13.31 | -3.71 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2064 | 17.07 | 13.31 | -3.76 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2065 | 17.13 | 13.32 | -3.81 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2066 | 17.18 | 13.32 | -3.86 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2067 | 17.24 | 13.33 | -3.92 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2068 | 17.30 | 13.33 | -3.97 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2069 | 17.36 | 13.33 | -4.03 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2070 | 17.42 | 13.34 | -4.09 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2071 | 17.48 | 13.34 | -4.14 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2072 | 17.53 | 13.35 | -4.18 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2073 | 17.57 | 13.35 | -4.22 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2074 | 17.61 | 13.35 | -4.26 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2075 | 17.65 | 13.36 | -4.29 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2076 | 17.67 | 13.36 | -4.31 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2077 | 17.68 | 13.36 | -4.33 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2078 | 17.69 | 13.36 | -4.33 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2079 | 17.68 | 13.36 | -4.32 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2080 | 17.67 | 13.36 | -4.31 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2081 | 17.65 | 13.36 | -4.29 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2082 | 17.63 | 13.36 | -4.28 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2083 | 17.61 | 13.36 | -4.26 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2084 | 17.60 | 13.35 | -4.25 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2085 | 17.59 | 13.35 | -4.24 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2086 | 17.59 | 13.35 | -4.23 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2087 | 17.59 | 13.35 | -4.24 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2088 | 17.61 | 13.35 | -4.25 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2089 | 17.63 | 13.36 | -4.27 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2090 | 17.66 | 13.36 | -4.30 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2091 | 17.69 | 13.36 | -4.33 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2092 | 17.74 | 13.36 | -4.37 | ---- | 0.06 | 0.00 | -0.06 | ||
| 2093 | 17.78 | 13.37 | -4.42 | ---- | 0.06 | 0.00 | -0.06 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2018-2092 | 16.75% | 13.85% | -2.90% | 2034 | 0.06% | 0.00% | -0.06% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2034. |
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Based on Intermediate Assumptions of the 2018 Trustees Report.