Detailed Single Year Tables
Description of Proposed Provision:
B4.5: For retired and disabled workers, reduce the maximum number of dropout years to 4 for workers newly eligible in 2023, to 3 for workers newly eligible in 2024, and to 2 for workers newly eligible in 2025 and later.
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 |
|||
| 2021 | 14.11 | 12.31 | -1.81 | 253 | 0.00 | 0.00 | 0.00 | ||
| 2022 | 14.30 | 12.93 | -1.38 | 231 | 0.00 | 0.00 | 0.00 | ||
| 2023 | 14.43 | 12.91 | -1.52 | 214 | -0.00 | -0.00 | 0.00 | ||
| 2024 | 14.63 | 12.94 | -1.69 | 196 | -0.01 | -0.00 | 0.00 | ||
| 2025 | 14.84 | 12.96 | -1.88 | 178 | -0.01 | -0.00 | 0.01 | ||
| 2026 | 15.08 | 13.08 | -2.00 | 160 | -0.03 | -0.00 | 0.03 | ||
| 2027 | 15.32 | 13.10 | -2.22 | 142 | -0.04 | -0.00 | 0.04 | ||
| 2028 | 15.57 | 13.14 | -2.43 | 123 | -0.06 | -0.00 | 0.06 | ||
| 2029 | 15.79 | 13.17 | -2.63 | 105 | -0.08 | -0.00 | 0.08 | ||
| 2030 | 16.01 | 13.19 | -2.82 | 87 | -0.10 | -0.00 | 0.10 | ||
| 2031 | 16.16 | 13.20 | -2.96 | 68 | -0.12 | -0.01 | 0.12 | ||
| 2032 | 16.29 | 13.21 | -3.08 | 49 | -0.15 | -0.01 | 0.14 | ||
| 2033 | 16.39 | 13.22 | -3.17 | 31 | -0.17 | -0.01 | 0.16 | ||
| 2034 | 16.46 | 13.23 | -3.24 | 12 | -0.19 | -0.01 | 0.18 | ||
| 2035 | 16.52 | 13.23 | -3.29 | ---- | -0.21 | -0.01 | 0.20 | ||
| 2036 | 16.57 | 13.24 | -3.33 | ---- | -0.24 | -0.01 | 0.22 | ||
| 2037 | 16.61 | 13.24 | -3.36 | ---- | -0.25 | -0.01 | 0.24 | ||
| 2038 | 16.64 | 13.25 | -3.39 | ---- | -0.27 | -0.01 | 0.26 | ||
| 2039 | 16.66 | 13.25 | -3.41 | ---- | -0.29 | -0.01 | 0.28 | ||
| 2040 | 16.67 | 13.25 | -3.42 | ---- | -0.31 | -0.02 | 0.29 | ||
| 2041 | 16.69 | 13.26 | -3.44 | ---- | -0.33 | -0.02 | 0.31 | ||
| 2042 | 16.70 | 13.26 | -3.44 | ---- | -0.34 | -0.02 | 0.32 | ||
| 2043 | 16.69 | 13.26 | -3.43 | ---- | -0.36 | -0.02 | 0.34 | ||
| 2044 | 16.67 | 13.26 | -3.42 | ---- | -0.37 | -0.02 | 0.35 | ||
| 2045 | 16.66 | 13.26 | -3.41 | ---- | -0.38 | -0.02 | 0.36 | ||
| 2046 | 16.66 | 13.26 | -3.40 | ---- | -0.40 | -0.02 | 0.38 | ||
| 2047 | 16.67 | 13.26 | -3.40 | ---- | -0.41 | -0.02 | 0.39 | ||
| 2048 | 16.68 | 13.26 | -3.41 | ---- | -0.42 | -0.02 | 0.40 | ||
| 2049 | 16.68 | 13.27 | -3.42 | ---- | -0.43 | -0.02 | 0.41 | ||
| 2050 | 16.69 | 13.27 | -3.42 | ---- | -0.45 | -0.02 | 0.42 | ||
| 2051 | 16.70 | 13.27 | -3.44 | ---- | -0.46 | -0.02 | 0.43 | ||
| 2052 | 16.72 | 13.27 | -3.45 | ---- | -0.46 | -0.02 | 0.44 | ||
| 2053 | 16.75 | 13.27 | -3.47 | ---- | -0.47 | -0.03 | 0.45 | ||
| 2054 | 16.77 | 13.28 | -3.50 | ---- | -0.48 | -0.03 | 0.46 | ||
| 2055 | 16.81 | 13.28 | -3.53 | ---- | -0.49 | -0.03 | 0.46 | ||
| 2056 | 16.84 | 13.28 | -3.56 | ---- | -0.49 | -0.03 | 0.47 | ||
| 2057 | 16.89 | 13.29 | -3.60 | ---- | -0.50 | -0.03 | 0.47 | ||
| 2058 | 16.93 | 13.29 | -3.64 | ---- | -0.50 | -0.03 | 0.48 | ||
| 2059 | 16.98 | 13.30 | -3.69 | ---- | -0.51 | -0.03 | 0.48 | ||
| 2060 | 17.04 | 13.30 | -3.73 | ---- | -0.51 | -0.03 | 0.48 | ||
| 2061 | 17.09 | 13.30 | -3.78 | ---- | -0.51 | -0.03 | 0.49 | ||
| 2062 | 17.13 | 13.31 | -3.83 | ---- | -0.52 | -0.03 | 0.49 | ||
| 2063 | 17.18 | 13.31 | -3.87 | ---- | -0.52 | -0.03 | 0.49 | ||
| 2064 | 17.23 | 13.32 | -3.91 | ---- | -0.52 | -0.03 | 0.49 | ||
| 2065 | 17.28 | 13.32 | -3.96 | ---- | -0.52 | -0.03 | 0.50 | ||
| 2066 | 17.33 | 13.32 | -4.00 | ---- | -0.53 | -0.03 | 0.50 | ||
| 2067 | 17.37 | 13.33 | -4.05 | ---- | -0.53 | -0.03 | 0.50 | ||
| 2068 | 17.43 | 13.33 | -4.09 | ---- | -0.53 | -0.03 | 0.50 | ||
| 2069 | 17.48 | 13.34 | -4.14 | ---- | -0.53 | -0.03 | 0.50 | ||
| 2070 | 17.53 | 13.34 | -4.19 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2071 | 17.59 | 13.34 | -4.24 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2072 | 17.64 | 13.35 | -4.29 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2073 | 17.68 | 13.35 | -4.33 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2074 | 17.73 | 13.36 | -4.38 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2075 | 17.77 | 13.36 | -4.41 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2076 | 17.80 | 13.36 | -4.44 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2077 | 17.82 | 13.36 | -4.46 | ---- | -0.55 | -0.03 | 0.51 | ||
| 2078 | 17.83 | 13.37 | -4.47 | ---- | -0.55 | -0.03 | 0.52 | ||
| 2079 | 17.82 | 13.37 | -4.46 | ---- | -0.55 | -0.03 | 0.52 | ||
| 2080 | 17.81 | 13.36 | -4.44 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2081 | 17.78 | 13.36 | -4.42 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2082 | 17.75 | 13.36 | -4.39 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2083 | 17.71 | 13.36 | -4.35 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2084 | 17.66 | 13.36 | -4.30 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2085 | 17.60 | 13.35 | -4.25 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2086 | 17.54 | 13.35 | -4.19 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2087 | 17.47 | 13.35 | -4.13 | ---- | -0.53 | -0.03 | 0.51 | ||
| 2088 | 17.40 | 13.34 | -4.06 | ---- | -0.53 | -0.03 | 0.50 | ||
| 2089 | 17.34 | 13.34 | -4.00 | ---- | -0.53 | -0.03 | 0.50 | ||
| 2090 | 17.28 | 13.34 | -3.95 | ---- | -0.53 | -0.03 | 0.50 | ||
| 2091 | 17.24 | 13.33 | -3.91 | ---- | -0.53 | -0.03 | 0.50 | ||
| 2092 | 17.21 | 13.33 | -3.88 | ---- | -0.53 | -0.03 | 0.50 | ||
| 2093 | 17.19 | 13.33 | -3.86 | ---- | -0.53 | -0.03 | 0.50 | ||
| 2094 | 17.18 | 13.33 | -3.85 | ---- | -0.53 | -0.03 | 0.50 | ||
| 2095 | 17.17 | 13.33 | -3.85 | ---- | -0.53 | -0.03 | 0.50 | ||
| 2096 | 17.18 | 13.33 | -3.85 | ---- | -0.53 | -0.03 | 0.50 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2021-2095 | 16.93% | 13.76% | -3.17% | 2034 | -0.39% | -0.02% | 0.37% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2034. |
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Based on Intermediate Assumptions of the 2021 Trustees Report.