Detailed Single Year Tables
Description of Proposed Provision:
A6: Starting December 2021, compute the COLA using the Consumer Price Index for the Elderly (CPI-E). We estimate this new computation will increase the annual COLA by about 0.2 percentage point, on average.
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 |
|||
2019 | 13.91 | 12.85 | -1.06 | 273 | 0.00 | 0.00 | 0.00 | ||
2020 | 13.94 | 12.87 | -1.07 | 260 | 0.00 | 0.00 | 0.00 | ||
2021 | 14.09 | 12.90 | -1.19 | 245 | 0.00 | 0.00 | 0.00 | ||
2022 | 14.26 | 12.92 | -1.34 | 229 | 0.03 | 0.00 | -0.03 | ||
2023 | 14.45 | 12.94 | -1.51 | 212 | 0.05 | 0.00 | -0.05 | ||
2024 | 14.67 | 12.97 | -1.70 | 195 | 0.08 | 0.00 | -0.08 | ||
2025 | 14.90 | 12.99 | -1.91 | 178 | 0.11 | 0.00 | -0.11 | ||
2026 | 15.13 | 13.12 | -2.01 | 160 | 0.14 | 0.01 | -0.13 | ||
2027 | 15.36 | 13.14 | -2.22 | 143 | 0.17 | 0.01 | -0.16 | ||
2028 | 15.63 | 13.18 | -2.44 | 125 | 0.19 | 0.01 | -0.18 | ||
2029 | 15.85 | 13.20 | -2.64 | 108 | 0.22 | 0.01 | -0.21 | ||
2030 | 16.05 | 13.22 | -2.83 | 90 | 0.25 | 0.01 | -0.23 | ||
2031 | 16.24 | 13.23 | -3.01 | 72 | 0.27 | 0.01 | -0.26 | ||
2032 | 16.40 | 13.24 | -3.16 | 54 | 0.29 | 0.02 | -0.28 | ||
2033 | 16.55 | 13.25 | -3.29 | 35 | 0.31 | 0.02 | -0.30 | ||
2034 | 16.66 | 13.26 | -3.40 | 16 | 0.34 | 0.02 | -0.32 | ||
2035 | 16.75 | 13.27 | -3.48 | ---- | 0.35 | 0.02 | -0.33 | ||
2036 | 16.83 | 13.28 | -3.55 | ---- | 0.37 | 0.02 | -0.35 | ||
2037 | 16.91 | 13.28 | -3.62 | ---- | 0.39 | 0.02 | -0.37 | ||
2038 | 16.97 | 13.29 | -3.68 | ---- | 0.40 | 0.02 | -0.38 | ||
2039 | 17.02 | 13.29 | -3.73 | ---- | 0.42 | 0.02 | -0.40 | ||
2040 | 17.05 | 13.30 | -3.75 | ---- | 0.43 | 0.02 | -0.41 | ||
2041 | 17.05 | 13.30 | -3.75 | ---- | 0.44 | 0.02 | -0.42 | ||
2042 | 17.04 | 13.30 | -3.74 | ---- | 0.45 | 0.03 | -0.43 | ||
2043 | 17.02 | 13.30 | -3.72 | ---- | 0.46 | 0.03 | -0.43 | ||
2044 | 16.99 | 13.30 | -3.69 | ---- | 0.47 | 0.03 | -0.44 | ||
2045 | 16.96 | 13.30 | -3.66 | ---- | 0.47 | 0.03 | -0.45 | ||
2046 | 16.93 | 13.30 | -3.63 | ---- | 0.48 | 0.03 | -0.45 | ||
2047 | 16.91 | 13.30 | -3.61 | ---- | 0.48 | 0.03 | -0.45 | ||
2048 | 16.89 | 13.30 | -3.59 | ---- | 0.48 | 0.03 | -0.46 | ||
2049 | 16.87 | 13.30 | -3.57 | ---- | 0.49 | 0.03 | -0.46 | ||
2050 | 16.86 | 13.30 | -3.56 | ---- | 0.49 | 0.03 | -0.46 | ||
2051 | 16.85 | 13.30 | -3.55 | ---- | 0.49 | 0.03 | -0.46 | ||
2052 | 16.86 | 13.30 | -3.56 | ---- | 0.49 | 0.03 | -0.46 | ||
2053 | 16.87 | 13.30 | -3.56 | ---- | 0.49 | 0.03 | -0.47 | ||
2054 | 16.88 | 13.30 | -3.58 | ---- | 0.49 | 0.03 | -0.47 | ||
2055 | 16.91 | 13.31 | -3.60 | ---- | 0.50 | 0.03 | -0.47 | ||
2056 | 16.94 | 13.31 | -3.63 | ---- | 0.50 | 0.03 | -0.47 | ||
2057 | 16.98 | 13.31 | -3.67 | ---- | 0.50 | 0.03 | -0.47 | ||
2058 | 17.03 | 13.32 | -3.71 | ---- | 0.50 | 0.03 | -0.47 | ||
2059 | 17.08 | 13.32 | -3.76 | ---- | 0.50 | 0.03 | -0.47 | ||
2060 | 17.13 | 13.33 | -3.81 | ---- | 0.50 | 0.03 | -0.47 | ||
2061 | 17.19 | 13.33 | -3.86 | ---- | 0.51 | 0.03 | -0.48 | ||
2062 | 17.24 | 13.33 | -3.91 | ---- | 0.51 | 0.03 | -0.48 | ||
2063 | 17.30 | 13.34 | -3.96 | ---- | 0.51 | 0.03 | -0.48 | ||
2064 | 17.36 | 13.34 | -4.01 | ---- | 0.51 | 0.03 | -0.48 | ||
2065 | 17.41 | 13.35 | -4.07 | ---- | 0.52 | 0.03 | -0.49 | ||
2066 | 17.47 | 13.35 | -4.12 | ---- | 0.52 | 0.03 | -0.49 | ||
2067 | 17.54 | 13.36 | -4.18 | ---- | 0.52 | 0.03 | -0.49 | ||
2068 | 17.60 | 13.36 | -4.24 | ---- | 0.53 | 0.03 | -0.50 | ||
2069 | 17.66 | 13.36 | -4.30 | ---- | 0.53 | 0.03 | -0.50 | ||
2070 | 17.73 | 13.37 | -4.36 | ---- | 0.53 | 0.03 | -0.50 | ||
2071 | 17.79 | 13.37 | -4.41 | ---- | 0.54 | 0.03 | -0.50 | ||
2072 | 17.84 | 13.38 | -4.46 | ---- | 0.54 | 0.03 | -0.51 | ||
2073 | 17.89 | 13.38 | -4.51 | ---- | 0.54 | 0.03 | -0.51 | ||
2074 | 17.94 | 13.38 | -4.55 | ---- | 0.54 | 0.03 | -0.51 | ||
2075 | 17.98 | 13.39 | -4.59 | ---- | 0.55 | 0.03 | -0.52 | ||
2076 | 18.01 | 13.39 | -4.62 | ---- | 0.55 | 0.03 | -0.52 | ||
2077 | 18.03 | 13.39 | -4.64 | ---- | 0.55 | 0.03 | -0.52 | ||
2078 | 18.04 | 13.39 | -4.64 | ---- | 0.55 | 0.03 | -0.52 | ||
2079 | 18.03 | 13.39 | -4.64 | ---- | 0.56 | 0.03 | -0.52 | ||
2080 | 18.02 | 13.39 | -4.63 | ---- | 0.56 | 0.03 | -0.52 | ||
2081 | 18.00 | 13.39 | -4.61 | ---- | 0.56 | 0.03 | -0.53 | ||
2082 | 17.98 | 13.39 | -4.59 | ---- | 0.56 | 0.03 | -0.53 | ||
2083 | 17.96 | 13.39 | -4.57 | ---- | 0.56 | 0.03 | -0.53 | ||
2084 | 17.94 | 13.39 | -4.55 | ---- | 0.56 | 0.03 | -0.53 | ||
2085 | 17.92 | 13.39 | -4.53 | ---- | 0.56 | 0.03 | -0.53 | ||
2086 | 17.90 | 13.39 | -4.51 | ---- | 0.56 | 0.03 | -0.53 | ||
2087 | 17.89 | 13.39 | -4.51 | ---- | 0.56 | 0.03 | -0.53 | ||
2088 | 17.89 | 13.39 | -4.51 | ---- | 0.56 | 0.03 | -0.53 | ||
2089 | 17.90 | 13.39 | -4.52 | ---- | 0.56 | 0.03 | -0.53 | ||
2090 | 17.92 | 13.39 | -4.53 | ---- | 0.56 | 0.03 | -0.53 | ||
2091 | 17.95 | 13.39 | -4.56 | ---- | 0.57 | 0.03 | -0.53 | ||
2092 | 17.99 | 13.39 | -4.60 | ---- | 0.57 | 0.03 | -0.53 | ||
2093 | 18.04 | 13.39 | -4.65 | ---- | 0.57 | 0.03 | -0.53 | ||
2094 | 18.09 | 13.40 | -4.69 | ---- | 0.57 | 0.03 | -0.54 |
Summarized Estimates
Proposal | Change from Current Law | ||||||||
---|---|---|---|---|---|---|---|---|---|
Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
2019-2093 | 17.02% | 13.83% | -3.18% | 2034 | 0.42% | 0.02% | -0.40% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2035. |
Based on Intermediate Assumptions of the 2019 Trustees Report.