Detailed Single Year Tables

Description of Proposed Provision:
C2.1: Increase the earliest eligibility age (EEA) by two months per year for those age 62 starting in 2021 and ending in 2038 (EEA reaches 65 for those age 62 in 2038).

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
201913.9112.85-1.06
273
0.000.000.00
202013.9412.87-1.07
260
0.000.000.00
202114.0412.91-1.14
246
-0.040.010.05
202214.1412.94-1.20
231
-0.090.020.11
202314.2612.97-1.29
216
-0.130.030.17
202414.4113.01-1.39
201
-0.180.040.23
202514.5613.04-1.51
187
-0.230.060.29
202614.7113.16-1.54
172
-0.280.050.33
202714.8313.18-1.65
158
-0.360.050.40
202815.0113.22-1.80
144
-0.420.040.46
202915.1613.23-1.93
130
-0.470.040.51
203015.3113.24-2.07
116
-0.500.040.53
203115.4513.25-2.20
102
-0.520.040.55
203215.5913.26-2.33
88
-0.520.030.56
203315.7213.27-2.45
73
-0.510.030.54
203415.8513.28-2.57
58
-0.480.030.51
203516.0013.29-2.71
42
-0.400.040.44
203616.1313.30-2.83
26
-0.330.040.37
203716.2513.31-2.95
9
-0.260.040.31
203816.3713.31-3.06
----
-0.200.050.24
203916.4713.32-3.15
----
-0.130.050.18
204016.5313.32-3.21
----
-0.080.050.13
204116.5813.33-3.25
----
-0.030.050.09
204216.6013.33-3.27
----
0.010.060.05
204316.6113.33-3.28
----
0.050.060.01
204416.6113.33-3.28
----
0.090.06-0.03
204516.6113.33-3.28
----
0.120.06-0.06
204616.6113.34-3.27
----
0.160.07-0.09
204716.6113.34-3.27
----
0.190.07-0.12
204816.6113.34-3.27
----
0.210.07-0.14
204916.6113.34-3.27
----
0.230.07-0.16
205016.6113.34-3.27
----
0.240.07-0.17
205116.6213.35-3.27
----
0.260.08-0.18
205216.6413.35-3.29
----
0.270.08-0.20
205316.6613.35-3.31
----
0.290.08-0.21
205416.6913.35-3.34
----
0.310.08-0.23
205516.7413.36-3.38
----
0.330.08-0.25
205616.7913.36-3.42
----
0.350.08-0.26
205716.8413.37-3.47
----
0.360.08-0.28
205816.9013.37-3.53
----
0.370.08-0.29
205916.9613.38-3.58
----
0.380.09-0.30
206017.0213.38-3.64
----
0.390.09-0.31
206117.0813.39-3.70
----
0.400.09-0.32
206217.1413.39-3.75
----
0.410.09-0.32
206317.2013.40-3.81
----
0.410.09-0.33
206417.2613.40-3.86
----
0.420.09-0.33
206517.3213.40-3.92
----
0.430.09-0.34
206617.3813.41-3.98
----
0.430.09-0.34
206717.4513.41-4.04
----
0.440.09-0.35
206817.5213.42-4.10
----
0.440.09-0.35
206917.5913.42-4.16
----
0.450.09-0.36
207017.6613.43-4.23
----
0.460.09-0.37
207117.7213.43-4.29
----
0.470.09-0.38
207217.7813.44-4.34
----
0.480.09-0.39
207317.8413.44-4.40
----
0.490.09-0.40
207417.8913.45-4.44
----
0.500.09-0.41
207517.9313.45-4.49
----
0.500.09-0.41
207617.9613.45-4.51
----
0.500.09-0.41
207717.9813.45-4.53
----
0.500.09-0.41
207817.9913.45-4.54
----
0.500.09-0.41
207917.9813.45-4.53
----
0.510.09-0.42
208017.9713.45-4.52
----
0.500.09-0.41
208117.9413.45-4.49
----
0.500.09-0.41
208217.9113.44-4.47
----
0.490.09-0.41
208317.8913.44-4.45
----
0.490.09-0.40
208417.8713.44-4.42
----
0.490.08-0.40
208517.8413.44-4.40
----
0.490.09-0.40
208617.8313.44-4.39
----
0.490.09-0.41
208717.8313.44-4.39
----
0.500.09-0.41
208817.8313.44-4.39
----
0.500.09-0.41
208917.8413.44-4.40
----
0.500.09-0.41
209017.8613.44-4.42
----
0.510.09-0.42
209117.8913.45-4.45
----
0.500.09-0.41
209217.9313.45-4.48
----
0.500.09-0.41
209317.9813.45-4.53
----
0.510.09-0.41
209418.0313.46-4.57
----
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
2019-2093 16.74% 13.88% -2.86% 2037 0.14% 0.07% -0.08%

1 Under current law, the year of Trust Fund reserve depletion is 2035.
Based on Intermediate Assumptions of the 2019 Trustees Report.