Detailed Single Year Tables
Description of Proposed Provision:
D2: The current spouse benefit is based on 50 percent of the PIA of the other spouse. Reduce this percent each year by 1 percentage point beginning with newly eligible spouses in 2020, until the percent reaches 33 in 2036.
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 | 14.23 | 12.92 | -1.31 | 229 | -0.00 | -0.00 | 0.00 | ||
| 2023 | 14.40 | 12.94 | -1.46 | 213 | -0.00 | -0.00 | 0.00 | ||
| 2024 | 14.58 | 12.97 | -1.62 | 197 | -0.00 | -0.00 | 0.00 | ||
| 2025 | 14.78 | 12.99 | -1.80 | 180 | -0.00 | -0.00 | 0.00 | ||
| 2026 | 14.98 | 13.11 | -1.87 | 163 | -0.01 | -0.00 | 0.01 | ||
| 2027 | 15.18 | 13.13 | -2.05 | 147 | -0.01 | -0.00 | 0.01 | ||
| 2028 | 15.42 | 13.17 | -2.25 | 131 | -0.01 | -0.00 | 0.01 | ||
| 2029 | 15.61 | 13.19 | -2.42 | 114 | -0.02 | -0.00 | 0.02 | ||
| 2030 | 15.78 | 13.20 | -2.58 | 98 | -0.02 | -0.00 | 0.02 | ||
| 2031 | 15.94 | 13.21 | -2.72 | 81 | -0.03 | -0.00 | 0.03 | ||
| 2032 | 16.07 | 13.23 | -2.85 | 64 | -0.04 | -0.00 | 0.03 | ||
| 2033 | 16.19 | 13.23 | -2.95 | 47 | -0.04 | -0.00 | 0.04 | ||
| 2034 | 16.27 | 13.24 | -3.03 | 29 | -0.05 | -0.00 | 0.05 | ||
| 2035 | 16.34 | 13.25 | -3.09 | 11 | -0.06 | -0.00 | 0.06 | ||
| 2036 | 16.39 | 13.25 | -3.14 | ---- | -0.07 | -0.00 | 0.06 | ||
| 2037 | 16.44 | 13.26 | -3.18 | ---- | -0.08 | -0.00 | 0.07 | ||
| 2038 | 16.48 | 13.26 | -3.22 | ---- | -0.09 | -0.01 | 0.08 | ||
| 2039 | 16.51 | 13.27 | -3.24 | ---- | -0.09 | -0.01 | 0.09 | ||
| 2040 | 16.51 | 13.27 | -3.25 | ---- | -0.10 | -0.01 | 0.10 | ||
| 2041 | 16.50 | 13.27 | -3.23 | ---- | -0.11 | -0.01 | 0.10 | ||
| 2042 | 16.48 | 13.27 | -3.21 | ---- | -0.11 | -0.01 | 0.11 | ||
| 2043 | 16.44 | 13.27 | -3.17 | ---- | -0.12 | -0.01 | 0.11 | ||
| 2044 | 16.40 | 13.26 | -3.13 | ---- | -0.12 | -0.01 | 0.12 | ||
| 2045 | 16.36 | 13.26 | -3.10 | ---- | -0.13 | -0.01 | 0.12 | ||
| 2046 | 16.32 | 13.26 | -3.06 | ---- | -0.13 | -0.01 | 0.12 | ||
| 2047 | 16.29 | 13.26 | -3.03 | ---- | -0.13 | -0.01 | 0.13 | ||
| 2048 | 16.27 | 13.26 | -3.01 | ---- | -0.14 | -0.01 | 0.13 | ||
| 2049 | 16.24 | 13.26 | -2.98 | ---- | -0.14 | -0.01 | 0.13 | ||
| 2050 | 16.23 | 13.26 | -2.96 | ---- | -0.14 | -0.01 | 0.13 | ||
| 2051 | 16.22 | 13.26 | -2.96 | ---- | -0.14 | -0.01 | 0.13 | ||
| 2052 | 16.22 | 13.26 | -2.96 | ---- | -0.15 | -0.01 | 0.14 | ||
| 2053 | 16.23 | 13.26 | -2.96 | ---- | -0.15 | -0.01 | 0.14 | ||
| 2054 | 16.24 | 13.27 | -2.97 | ---- | -0.15 | -0.01 | 0.14 | ||
| 2055 | 16.26 | 13.27 | -2.99 | ---- | -0.15 | -0.01 | 0.14 | ||
| 2056 | 16.29 | 13.27 | -3.02 | ---- | -0.15 | -0.01 | 0.14 | ||
| 2057 | 16.33 | 13.28 | -3.06 | ---- | -0.15 | -0.01 | 0.14 | ||
| 2058 | 16.38 | 13.28 | -3.10 | ---- | -0.15 | -0.01 | 0.14 | ||
| 2059 | 16.43 | 13.28 | -3.14 | ---- | -0.15 | -0.01 | 0.14 | ||
| 2060 | 16.48 | 13.29 | -3.19 | ---- | -0.15 | -0.01 | 0.14 | ||
| 2061 | 16.53 | 13.29 | -3.24 | ---- | -0.15 | -0.01 | 0.14 | ||
| 2062 | 16.58 | 13.30 | -3.29 | ---- | -0.15 | -0.01 | 0.14 | ||
| 2063 | 16.64 | 13.30 | -3.34 | ---- | -0.15 | -0.01 | 0.14 | ||
| 2064 | 16.69 | 13.30 | -3.39 | ---- | -0.15 | -0.01 | 0.14 | ||
| 2065 | 16.74 | 13.31 | -3.44 | ---- | -0.15 | -0.01 | 0.14 | ||
| 2066 | 16.80 | 13.31 | -3.49 | ---- | -0.15 | -0.01 | 0.14 | ||
| 2067 | 16.86 | 13.32 | -3.54 | ---- | -0.15 | -0.01 | 0.14 | ||
| 2068 | 16.92 | 13.32 | -3.60 | ---- | -0.15 | -0.01 | 0.14 | ||
| 2069 | 16.98 | 13.32 | -3.66 | ---- | -0.15 | -0.01 | 0.15 | ||
| 2070 | 17.04 | 13.33 | -3.71 | ---- | -0.16 | -0.01 | 0.15 | ||
| 2071 | 17.10 | 13.33 | -3.76 | ---- | -0.16 | -0.01 | 0.15 | ||
| 2072 | 17.15 | 13.34 | -3.81 | ---- | -0.16 | -0.01 | 0.15 | ||
| 2073 | 17.19 | 13.34 | -3.85 | ---- | -0.16 | -0.01 | 0.15 | ||
| 2074 | 17.24 | 13.34 | -3.89 | ---- | -0.16 | -0.01 | 0.15 | ||
| 2075 | 17.27 | 13.35 | -3.93 | ---- | -0.16 | -0.01 | 0.15 | ||
| 2076 | 17.30 | 13.35 | -3.95 | ---- | -0.16 | -0.01 | 0.15 | ||
| 2077 | 17.32 | 13.35 | -3.97 | ---- | -0.16 | -0.01 | 0.15 | ||
| 2078 | 17.33 | 13.35 | -3.97 | ---- | -0.16 | -0.01 | 0.15 | ||
| 2079 | 17.32 | 13.35 | -3.97 | ---- | -0.16 | -0.01 | 0.15 | ||
| 2080 | 17.31 | 13.35 | -3.95 | ---- | -0.16 | -0.01 | 0.15 | ||
| 2081 | 17.29 | 13.35 | -3.94 | ---- | -0.16 | -0.01 | 0.15 | ||
| 2082 | 17.27 | 13.35 | -3.92 | ---- | -0.16 | -0.01 | 0.15 | ||
| 2083 | 17.24 | 13.35 | -3.90 | ---- | -0.16 | -0.01 | 0.15 | ||
| 2084 | 17.22 | 13.35 | -3.88 | ---- | -0.16 | -0.01 | 0.15 | ||
| 2085 | 17.20 | 13.34 | -3.85 | ---- | -0.16 | -0.01 | 0.15 | ||
| 2086 | 17.18 | 13.34 | -3.84 | ---- | -0.16 | -0.01 | 0.15 | ||
| 2087 | 17.17 | 13.34 | -3.83 | ---- | -0.16 | -0.01 | 0.15 | ||
| 2088 | 17.17 | 13.34 | -3.83 | ---- | -0.16 | -0.01 | 0.15 | ||
| 2089 | 17.18 | 13.34 | -3.84 | ---- | -0.16 | -0.01 | 0.15 | ||
| 2090 | 17.20 | 13.34 | -3.86 | ---- | -0.16 | -0.01 | 0.15 | ||
| 2091 | 17.23 | 13.35 | -3.89 | ---- | -0.16 | -0.01 | 0.15 | ||
| 2092 | 17.27 | 13.35 | -3.92 | ---- | -0.16 | -0.01 | 0.15 | ||
| 2093 | 17.32 | 13.35 | -3.97 | ---- | -0.16 | -0.01 | 0.15 | ||
| 2094 | 17.37 | 13.36 | -4.01 | ---- | -0.16 | -0.01 | 0.15 | ||
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 | 16.49% | 13.80% | -2.68% | 2035 | -0.11% | -0.01% | 0.10% | ||
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.