Description of Proposed Provision:
C2.1: Increase the earliest eligibility age (EEA) by two months per year for those age 62 starting in 2020 and ending in 2037 (EEA reaches 65 for those age 62 in 2037).

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
201813.8112.64-1.17
288
0.000.000.00
201913.9512.87-1.08
272
0.000.000.00
202014.0812.90-1.18
257
-0.040.010.05
202114.1912.94-1.25
241
-0.090.020.10
202214.3112.97-1.33
226
-0.130.030.16
202314.4413.00-1.44
210
-0.180.040.22
202414.5813.04-1.54
195
-0.230.040.27
202514.7113.06-1.64
179
-0.280.050.33
202614.8113.18-1.62
165
-0.350.050.40
202714.9513.20-1.76
151
-0.410.040.45
202815.1213.21-1.91
137
-0.460.040.50
202915.3013.23-2.07
122
-0.490.040.53
203015.4713.24-2.23
108
-0.510.040.55
203115.6413.25-2.39
93
-0.520.040.55
203215.8113.26-2.55
78
-0.510.030.54
203315.9813.27-2.70
63
-0.480.040.51
203416.1613.29-2.88
46
-0.400.040.44
203516.3213.30-3.02
29
-0.330.040.38
203616.4613.30-3.15
11
-0.260.040.31
203716.5913.31-3.28
----
-0.200.050.24
203816.6913.32-3.37
----
-0.130.050.18
203916.7513.32-3.43
----
-0.080.050.13
204016.7913.33-3.47
----
-0.030.050.09
204116.8213.33-3.49
----
0.010.060.05
204216.8313.33-3.50
----
0.050.060.01
204316.8213.33-3.49
----
0.090.06-0.03
204416.8213.33-3.49
----
0.130.06-0.06
204516.8213.33-3.48
----
0.160.07-0.09
204616.8213.34-3.48
----
0.190.07-0.12
204716.8113.34-3.48
----
0.210.07-0.14
204816.8113.34-3.47
----
0.230.07-0.16
204916.8013.34-3.46
----
0.250.07-0.17
205016.8013.34-3.46
----
0.260.07-0.19
205116.8113.34-3.46
----
0.280.08-0.20
205216.8313.35-3.48
----
0.290.08-0.21
205316.8513.35-3.50
----
0.310.08-0.23
205416.8913.35-3.54
----
0.330.08-0.25
205516.9413.36-3.58
----
0.350.08-0.26
205616.9913.36-3.62
----
0.360.08-0.28
205717.0413.37-3.67
----
0.380.08-0.29
205817.1013.37-3.73
----
0.390.09-0.30
205917.1613.38-3.78
----
0.400.09-0.31
206017.2113.38-3.83
----
0.400.09-0.32
206117.2713.39-3.88
----
0.410.09-0.32
206217.3313.39-3.94
----
0.420.09-0.33
206317.3813.39-3.99
----
0.420.09-0.34
206417.4413.40-4.04
----
0.430.09-0.34
206517.5013.40-4.10
----
0.430.09-0.35
206617.5613.41-4.16
----
0.440.09-0.35
206717.6313.41-4.22
----
0.440.09-0.36
206817.7013.42-4.28
----
0.450.09-0.37
206917.7713.42-4.35
----
0.460.09-0.37
207017.8413.42-4.41
----
0.470.09-0.38
207117.9013.43-4.47
----
0.480.09-0.39
207217.9613.44-4.53
----
0.490.09-0.40
207318.0113.44-4.57
----
0.500.09-0.41
207418.0613.44-4.62
----
0.510.09-0.41
207518.0913.45-4.65
----
0.500.09-0.41
207618.1113.45-4.67
----
0.500.09-0.41
207718.1313.45-4.68
----
0.510.09-0.42
207818.1313.45-4.69
----
0.510.09-0.42
207918.1213.45-4.68
----
0.510.09-0.42
208018.1013.44-4.66
----
0.500.09-0.41
208118.0813.44-4.64
----
0.490.09-0.41
208218.0613.44-4.62
----
0.490.09-0.40
208318.0413.44-4.61
----
0.490.09-0.40
208418.0313.44-4.59
----
0.490.09-0.41
208518.0313.44-4.59
----
0.500.09-0.41
208618.0313.44-4.59
----
0.500.09-0.41
208718.0413.44-4.60
----
0.510.09-0.42
208818.0513.44-4.61
----
0.510.09-0.42
208918.0813.44-4.63
----
0.510.09-0.42
209018.1113.45-4.66
----
0.510.09-0.42
209118.1413.45-4.70
----
0.510.09-0.42
209218.1913.45-4.74
----
0.510.09-0.42
209318.2413.46-4.78
----
0.510.09-0.42


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 16.82% 13.91% -2.91%
2036
0.13% 0.07% -0.07%

1 Under current law, the year of Trust Fund reserve depletion is 2034.
Based on Intermediate Assumptions of the 2018 Trustees Report.