Detailed Single Year Tables
Description of Proposed Provision:
B1.1: Price indexing of PIA factors beginning with those newly eligible for OASDI benefits in 2027: Reduce factors so that initial benefits grow by inflation rather than by the SSA average wage index.
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 |
|||
2020 | 13.92 | 13.00 | -0.92 | 261 | 0.00 | 0.00 | 0.00 | ||
2021 | 14.05 | 12.90 | -1.15 | 248 | 0.00 | 0.00 | 0.00 | ||
2022 | 14.25 | 12.93 | -1.32 | 233 | 0.00 | 0.00 | 0.00 | ||
2023 | 14.43 | 12.94 | -1.49 | 217 | 0.00 | 0.00 | 0.00 | ||
2024 | 14.64 | 12.98 | -1.67 | 200 | 0.00 | 0.00 | 0.00 | ||
2025 | 14.88 | 13.00 | -1.88 | 183 | 0.00 | 0.00 | 0.00 | ||
2026 | 15.11 | 13.12 | -1.99 | 165 | 0.00 | 0.00 | 0.00 | ||
2027 | 15.34 | 13.15 | -2.20 | 148 | -0.00 | -0.00 | 0.00 | ||
2028 | 15.58 | 13.19 | -2.39 | 130 | -0.01 | -0.00 | 0.01 | ||
2029 | 15.82 | 13.23 | -2.59 | 112 | -0.02 | -0.00 | 0.01 | ||
2030 | 15.99 | 13.24 | -2.75 | 94 | -0.03 | -0.00 | 0.03 | ||
2031 | 16.14 | 13.25 | -2.88 | 76 | -0.05 | -0.00 | 0.05 | ||
2032 | 16.26 | 13.26 | -2.99 | 58 | -0.08 | -0.00 | 0.07 | ||
2033 | 16.34 | 13.27 | -3.07 | 40 | -0.11 | -0.00 | 0.11 | ||
2034 | 16.39 | 13.28 | -3.11 | 22 | -0.16 | -0.01 | 0.15 | ||
2035 | 16.42 | 13.28 | -3.13 | 4 | -0.21 | -0.01 | 0.20 | ||
2036 | 16.41 | 13.29 | -3.13 | ---- | -0.27 | -0.01 | 0.26 | ||
2037 | 16.40 | 13.29 | -3.11 | ---- | -0.34 | -0.02 | 0.33 | ||
2038 | 16.37 | 13.29 | -3.08 | ---- | -0.42 | -0.02 | 0.40 | ||
2039 | 16.31 | 13.29 | -3.02 | ---- | -0.50 | -0.02 | 0.48 | ||
2040 | 16.25 | 13.29 | -2.96 | ---- | -0.60 | -0.03 | 0.57 | ||
2041 | 16.16 | 13.28 | -2.88 | ---- | -0.69 | -0.03 | 0.66 | ||
2042 | 16.06 | 13.28 | -2.78 | ---- | -0.80 | -0.04 | 0.76 | ||
2043 | 15.94 | 13.27 | -2.67 | ---- | -0.91 | -0.05 | 0.86 | ||
2044 | 15.81 | 13.27 | -2.54 | ---- | -1.03 | -0.05 | 0.97 | ||
2045 | 15.67 | 13.26 | -2.41 | ---- | -1.15 | -0.06 | 1.09 | ||
2046 | 15.53 | 13.25 | -2.27 | ---- | -1.27 | -0.07 | 1.21 | ||
2047 | 15.39 | 13.25 | -2.14 | ---- | -1.41 | -0.07 | 1.33 | ||
2048 | 15.25 | 13.24 | -2.01 | ---- | -1.54 | -0.08 | 1.46 | ||
2049 | 15.10 | 13.23 | -1.87 | ---- | -1.68 | -0.09 | 1.59 | ||
2050 | 14.96 | 13.23 | -1.74 | ---- | -1.83 | -0.10 | 1.73 | ||
2051 | 14.82 | 13.22 | -1.60 | ---- | -1.97 | -0.11 | 1.87 | ||
2052 | 14.68 | 13.21 | -1.47 | ---- | -2.12 | -0.11 | 2.01 | ||
2053 | 14.55 | 13.21 | -1.35 | ---- | -2.28 | -0.12 | 2.16 | ||
2054 | 14.42 | 13.20 | -1.22 | ---- | -2.43 | -0.13 | 2.30 | ||
2055 | 14.30 | 13.19 | -1.11 | ---- | -2.59 | -0.14 | 2.45 | ||
2056 | 14.18 | 13.19 | -0.99 | ---- | -2.75 | -0.15 | 2.60 | ||
2057 | 14.06 | 13.18 | -0.88 | ---- | -2.91 | -0.16 | 2.75 | ||
2058 | 13.96 | 13.18 | -0.78 | ---- | -3.07 | -0.17 | 2.90 | ||
2059 | 13.85 | 13.17 | -0.68 | ---- | -3.23 | -0.18 | 3.06 | ||
2060 | 13.75 | 13.17 | -0.58 | ---- | -3.39 | -0.19 | 3.21 | ||
2061 | 13.65 | 13.16 | -0.49 | ---- | -3.55 | -0.20 | 3.36 | ||
2062 | 13.55 | 13.16 | -0.40 | ---- | -3.71 | -0.21 | 3.50 | ||
2063 | 13.46 | 13.16 | -0.31 | ---- | -3.87 | -0.22 | 3.65 | ||
2064 | 13.37 | 13.15 | -0.22 | ---- | -4.02 | -0.23 | 3.80 | ||
2065 | 13.28 | 13.15 | -0.13 | ---- | -4.18 | -0.23 | 3.95 | ||
2066 | 13.19 | 13.14 | -0.05 | ---- | -4.34 | -0.24 | 4.09 | ||
2067 | 13.10 | 13.14 | 0.04 | ---- | -4.49 | -0.25 | 4.24 | ||
2068 | 13.02 | 13.13 | 0.12 | ---- | -4.65 | -0.26 | 4.38 | ||
2069 | 12.93 | 13.13 | 0.20 | ---- | -4.80 | -0.27 | 4.53 | ||
2070 | 12.85 | 13.13 | 0.28 | ---- | -4.96 | -0.28 | 4.68 | ||
2071 | 12.76 | 13.12 | 0.36 | ---- | -5.11 | -0.29 | 4.82 | ||
2072 | 12.67 | 13.12 | 0.45 | ---- | -5.26 | -0.30 | 4.96 | ||
2073 | 12.58 | 13.11 | 0.54 | ---- | -5.41 | -0.31 | 5.10 | ||
2074 | 12.48 | 13.11 | 0.63 | ---- | -5.55 | -0.32 | 5.24 | ||
2075 | 12.38 | 13.10 | 0.72 | ---- | -5.70 | -0.32 | 5.37 | ||
2076 | 12.28 | 13.10 | 0.82 | ---- | -5.84 | -0.33 | 5.50 | ||
2077 | 12.17 | 13.09 | 0.92 | ---- | -5.97 | -0.34 | 5.63 | ||
2078 | 12.05 | 13.08 | 1.04 | ---- | -6.10 | -0.35 | 5.75 | ||
2079 | 11.92 | 13.08 | 1.15 | ---- | -6.23 | -0.36 | 5.87 | ||
2080 | 11.79 | 13.07 | 1.28 | ---- | -6.34 | -0.36 | 5.98 | ||
2081 | 11.66 | 13.06 | 1.40 | ---- | -6.46 | -0.37 | 6.09 | ||
2082 | 11.52 | 13.06 | 1.53 | ---- | -6.57 | -0.38 | 6.19 | ||
2083 | 11.39 | 13.05 | 1.66 | ---- | -6.68 | -0.38 | 6.30 | ||
2084 | 11.25 | 13.04 | 1.79 | ---- | -6.79 | -0.39 | 6.40 | ||
2085 | 11.11 | 13.03 | 1.92 | ---- | -6.89 | -0.39 | 6.49 | ||
2086 | 10.97 | 13.02 | 2.05 | ---- | -6.99 | -0.40 | 6.59 | ||
2087 | 10.83 | 13.01 | 2.18 | ---- | -7.09 | -0.41 | 6.68 | ||
2088 | 10.70 | 13.01 | 2.31 | ---- | -7.19 | -0.41 | 6.78 | ||
2089 | 10.58 | 13.00 | 2.42 | ---- | -7.30 | -0.42 | 6.88 | ||
2090 | 10.46 | 12.99 | 2.54 | ---- | -7.41 | -0.42 | 6.98 | ||
2091 | 10.34 | 12.99 | 2.64 | ---- | -7.52 | -0.43 | 7.09 | ||
2092 | 10.24 | 12.98 | 2.74 | ---- | -7.64 | -0.44 | 7.20 | ||
2093 | 10.14 | 12.97 | 2.83 | ---- | -7.76 | -0.45 | 7.32 | ||
2094 | 10.05 | 12.97 | 2.92 | ---- | -7.89 | -0.45 | 7.44 | ||
2095 | 9.96 | 12.96 | 3.01 | ---- | -8.02 | -0.46 | 7.56 |
Summarized Estimates
Proposal | Change from Current Law | ||||||||
---|---|---|---|---|---|---|---|---|---|
Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
2020-2094 | 14.15% | 13.69% | -0.46% | 2035 | -2.91% | -0.16% | 2.75% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2035. |
Based on Intermediate Assumptions of the 2020 Trustees Report.