Detailed Single Year Tables
Description of Proposed Provision:
D3: Allow divorced aged spouses and divorced surviving spouses married 5 to 9 years to get benefits based on the former spouse's account. Divorced aged and surviving spouses would receive 50% of the applicable current-law PIA percentage if married 5 years, 60% of the applicable PIA percentage if married 6 years, ..., 90% of the applicable PIA percentage if married 9 years. This benefit would be available to divorced spouses on the rolls at the beginning of 2021 and those becoming eligible after 2021.
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 | 14.11 | 12.90 | -1.22 | 245 | 0.03 | 0.00 | -0.02 | ||
| 2022 | 14.25 | 12.92 | -1.33 | 229 | 0.03 | 0.00 | -0.02 | ||
| 2023 | 14.42 | 12.94 | -1.48 | 213 | 0.03 | 0.00 | -0.02 | ||
| 2024 | 14.61 | 12.97 | -1.64 | 196 | 0.03 | 0.00 | -0.02 | ||
| 2025 | 14.81 | 12.99 | -1.82 | 179 | 0.03 | 0.00 | -0.02 | ||
| 2026 | 15.01 | 13.11 | -1.90 | 162 | 0.03 | 0.00 | -0.02 | ||
| 2027 | 15.22 | 13.13 | -2.08 | 146 | 0.03 | 0.00 | -0.02 | ||
| 2028 | 15.46 | 13.18 | -2.28 | 129 | 0.03 | 0.00 | -0.02 | ||
| 2029 | 15.65 | 13.19 | -2.46 | 112 | 0.03 | 0.00 | -0.02 | ||
| 2030 | 15.83 | 13.21 | -2.63 | 96 | 0.03 | 0.00 | -0.02 | ||
| 2031 | 15.99 | 13.22 | -2.77 | 79 | 0.03 | 0.00 | -0.02 | ||
| 2032 | 16.13 | 13.23 | -2.90 | 62 | 0.03 | 0.00 | -0.02 | ||
| 2033 | 16.26 | 13.24 | -3.02 | 44 | 0.03 | 0.00 | -0.02 | ||
| 2034 | 16.35 | 13.25 | -3.10 | 26 | 0.02 | 0.00 | -0.02 | ||
| 2035 | 16.42 | 13.25 | -3.17 | 8 | 0.02 | 0.00 | -0.02 | ||
| 2036 | 16.48 | 13.26 | -3.23 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2037 | 16.54 | 13.26 | -3.28 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2038 | 16.59 | 13.27 | -3.32 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2039 | 16.63 | 13.27 | -3.35 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2040 | 16.64 | 13.27 | -3.36 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2041 | 16.63 | 13.28 | -3.36 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2042 | 16.61 | 13.28 | -3.34 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2043 | 16.58 | 13.27 | -3.30 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2044 | 16.54 | 13.27 | -3.27 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2045 | 16.51 | 13.27 | -3.24 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2046 | 16.47 | 13.27 | -3.20 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2047 | 16.44 | 13.27 | -3.17 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2048 | 16.42 | 13.27 | -3.15 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2049 | 16.40 | 13.27 | -3.13 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2050 | 16.39 | 13.27 | -3.11 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2051 | 16.38 | 13.27 | -3.11 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2052 | 16.38 | 13.27 | -3.11 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2053 | 16.39 | 13.27 | -3.11 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2054 | 16.40 | 13.28 | -3.13 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2055 | 16.43 | 13.28 | -3.15 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2056 | 16.46 | 13.28 | -3.18 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2057 | 16.50 | 13.29 | -3.21 | ---- | 0.02 | 0.00 | -0.02 | ||
| 2058 | 16.54 | 13.29 | -3.25 | ---- | 0.02 | 0.00 | -0.01 | ||
| 2059 | 16.59 | 13.29 | -3.30 | ---- | 0.02 | 0.00 | -0.01 | ||
| 2060 | 16.64 | 13.30 | -3.35 | ---- | 0.02 | 0.00 | -0.01 | ||
| 2061 | 16.69 | 13.30 | -3.39 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2062 | 16.75 | 13.31 | -3.44 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2063 | 16.80 | 13.31 | -3.49 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2064 | 16.86 | 13.31 | -3.54 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2065 | 16.91 | 13.32 | -3.59 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2066 | 16.97 | 13.32 | -3.65 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2067 | 17.03 | 13.33 | -3.70 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2068 | 17.09 | 13.33 | -3.76 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2069 | 17.15 | 13.33 | -3.81 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2070 | 17.21 | 13.34 | -3.87 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2071 | 17.27 | 13.34 | -3.92 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2072 | 17.32 | 13.35 | -3.97 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2073 | 17.36 | 13.35 | -4.01 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2074 | 17.41 | 13.35 | -4.05 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2075 | 17.44 | 13.36 | -4.09 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2076 | 17.47 | 13.36 | -4.11 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2077 | 17.49 | 13.36 | -4.13 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2078 | 17.50 | 13.36 | -4.13 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2079 | 17.49 | 13.36 | -4.13 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2080 | 17.48 | 13.36 | -4.12 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2081 | 17.46 | 13.36 | -4.10 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2082 | 17.44 | 13.36 | -4.08 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2083 | 17.41 | 13.36 | -4.06 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2084 | 17.39 | 13.36 | -4.03 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2085 | 17.37 | 13.36 | -4.01 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2086 | 17.35 | 13.35 | -4.00 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2087 | 17.34 | 13.35 | -3.99 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2088 | 17.34 | 13.35 | -3.99 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2089 | 17.35 | 13.35 | -4.00 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2090 | 17.37 | 13.35 | -4.02 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2091 | 17.40 | 13.36 | -4.04 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2092 | 17.44 | 13.36 | -4.08 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2093 | 17.49 | 13.36 | -4.13 | ---- | 0.01 | 0.00 | -0.01 | ||
| 2094 | 17.54 | 13.37 | -4.17 | ---- | 0.01 | 0.00 | -0.01 | ||
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 | 16.61% | 13.81% | -2.80% | 2035 | 0.02% | 0.00% | -0.02% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2035. |
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Based on Intermediate Assumptions of the 2019 Trustees Report.