Detailed Single Year Tables
Description of Proposed Provision:
B7.13: Eliminate the DI 5-month waiting period for disabled workers and disabled surviving spouses, and eliminate the 24-month Medicare (HI) waiting period for individuals who have become entitled to Social Security disability benefits. Effective with 2022 applications.
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 | 14.34 | 12.93 | -1.42 | 230 | 0.04 | 0.00 | -0.04 | ||
| 2023 | 14.49 | 12.91 | -1.58 | 213 | 0.06 | 0.00 | -0.06 | ||
| 2024 | 14.71 | 12.94 | -1.77 | 194 | 0.08 | 0.00 | -0.08 | ||
| 2025 | 14.94 | 12.96 | -1.98 | 176 | 0.08 | 0.00 | -0.08 | ||
| 2026 | 15.19 | 13.08 | -2.11 | 157 | 0.09 | 0.00 | -0.08 | ||
| 2027 | 15.45 | 13.10 | -2.35 | 138 | 0.09 | 0.00 | -0.09 | ||
| 2028 | 15.71 | 13.14 | -2.58 | 119 | 0.09 | 0.00 | -0.09 | ||
| 2029 | 15.96 | 13.17 | -2.79 | 100 | 0.09 | 0.00 | -0.09 | ||
| 2030 | 16.20 | 13.19 | -3.01 | 81 | 0.09 | 0.00 | -0.09 | ||
| 2031 | 16.38 | 13.21 | -3.17 | 61 | 0.10 | 0.00 | -0.09 | ||
| 2032 | 16.53 | 13.22 | -3.31 | 42 | 0.10 | 0.00 | -0.10 | ||
| 2033 | 16.66 | 13.23 | -3.43 | 22 | 0.10 | 0.00 | -0.10 | ||
| 2034 | 16.76 | 13.24 | -3.52 | 2 | 0.10 | 0.00 | -0.10 | ||
| 2035 | 16.84 | 13.25 | -3.59 | ---- | 0.10 | 0.00 | -0.10 | ||
| 2036 | 16.90 | 13.25 | -3.65 | ---- | 0.10 | 0.00 | -0.10 | ||
| 2037 | 16.97 | 13.26 | -3.71 | ---- | 0.10 | 0.00 | -0.10 | ||
| 2038 | 17.02 | 13.26 | -3.76 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2039 | 17.06 | 13.27 | -3.79 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2040 | 17.09 | 13.27 | -3.82 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2041 | 17.13 | 13.27 | -3.86 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2042 | 17.15 | 13.28 | -3.87 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2043 | 17.16 | 13.28 | -3.88 | ---- | 0.12 | 0.00 | -0.11 | ||
| 2044 | 17.16 | 13.28 | -3.88 | ---- | 0.12 | 0.00 | -0.11 | ||
| 2045 | 17.17 | 13.28 | -3.89 | ---- | 0.12 | 0.00 | -0.12 | ||
| 2046 | 17.18 | 13.28 | -3.89 | ---- | 0.12 | 0.00 | -0.12 | ||
| 2047 | 17.20 | 13.29 | -3.91 | ---- | 0.12 | 0.00 | -0.12 | ||
| 2048 | 17.22 | 13.29 | -3.93 | ---- | 0.12 | 0.00 | -0.12 | ||
| 2049 | 17.24 | 13.29 | -3.95 | ---- | 0.12 | 0.00 | -0.12 | ||
| 2050 | 17.26 | 13.29 | -3.97 | ---- | 0.12 | 0.00 | -0.12 | ||
| 2051 | 17.28 | 13.29 | -3.99 | ---- | 0.12 | 0.00 | -0.12 | ||
| 2052 | 17.31 | 13.30 | -4.01 | ---- | 0.12 | 0.00 | -0.12 | ||
| 2053 | 17.34 | 13.30 | -4.04 | ---- | 0.12 | 0.00 | -0.12 | ||
| 2054 | 17.38 | 13.30 | -4.07 | ---- | 0.12 | 0.00 | -0.12 | ||
| 2055 | 17.41 | 13.31 | -4.11 | ---- | 0.12 | 0.00 | -0.12 | ||
| 2056 | 17.46 | 13.31 | -4.15 | ---- | 0.12 | 0.00 | -0.12 | ||
| 2057 | 17.51 | 13.32 | -4.19 | ---- | 0.12 | 0.00 | -0.12 | ||
| 2058 | 17.56 | 13.32 | -4.24 | ---- | 0.12 | 0.00 | -0.12 | ||
| 2059 | 17.61 | 13.32 | -4.29 | ---- | 0.12 | 0.00 | -0.12 | ||
| 2060 | 17.67 | 13.33 | -4.34 | ---- | 0.12 | 0.00 | -0.12 | ||
| 2061 | 17.72 | 13.33 | -4.39 | ---- | 0.12 | 0.00 | -0.12 | ||
| 2062 | 17.77 | 13.34 | -4.43 | ---- | 0.12 | 0.00 | -0.12 | ||
| 2063 | 17.82 | 13.34 | -4.48 | ---- | 0.12 | 0.00 | -0.12 | ||
| 2064 | 17.87 | 13.35 | -4.52 | ---- | 0.12 | 0.00 | -0.12 | ||
| 2065 | 17.92 | 13.35 | -4.57 | ---- | 0.12 | 0.00 | -0.12 | ||
| 2066 | 17.97 | 13.35 | -4.62 | ---- | 0.12 | 0.00 | -0.12 | ||
| 2067 | 18.02 | 13.36 | -4.66 | ---- | 0.12 | 0.00 | -0.12 | ||
| 2068 | 18.07 | 13.36 | -4.71 | ---- | 0.12 | 0.00 | -0.12 | ||
| 2069 | 18.13 | 13.37 | -4.76 | ---- | 0.12 | 0.00 | -0.12 | ||
| 2070 | 18.19 | 13.37 | -4.81 | ---- | 0.12 | 0.00 | -0.12 | ||
| 2071 | 18.24 | 13.38 | -4.86 | ---- | 0.12 | 0.00 | -0.12 | ||
| 2072 | 18.29 | 13.38 | -4.91 | ---- | 0.12 | 0.00 | -0.12 | ||
| 2073 | 18.34 | 13.38 | -4.96 | ---- | 0.12 | 0.00 | -0.11 | ||
| 2074 | 18.39 | 13.39 | -5.00 | ---- | 0.12 | 0.00 | -0.11 | ||
| 2075 | 18.43 | 13.39 | -5.04 | ---- | 0.12 | 0.00 | -0.11 | ||
| 2076 | 18.46 | 13.39 | -5.07 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2077 | 18.48 | 13.40 | -5.09 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2078 | 18.49 | 13.40 | -5.09 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2079 | 18.48 | 13.40 | -5.09 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2080 | 18.47 | 13.40 | -5.07 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2081 | 18.44 | 13.40 | -5.05 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2082 | 18.41 | 13.39 | -5.01 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2083 | 18.36 | 13.39 | -4.97 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2084 | 18.31 | 13.39 | -4.92 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2085 | 18.25 | 13.39 | -4.87 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2086 | 18.19 | 13.38 | -4.81 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2087 | 18.12 | 13.38 | -4.75 | ---- | 0.12 | 0.00 | -0.11 | ||
| 2088 | 18.05 | 13.37 | -4.68 | ---- | 0.12 | 0.00 | -0.11 | ||
| 2089 | 17.99 | 13.37 | -4.62 | ---- | 0.12 | 0.00 | -0.12 | ||
| 2090 | 17.93 | 13.37 | -4.57 | ---- | 0.12 | 0.00 | -0.12 | ||
| 2091 | 17.88 | 13.36 | -4.52 | ---- | 0.12 | 0.00 | -0.12 | ||
| 2092 | 17.85 | 13.36 | -4.49 | ---- | 0.12 | 0.00 | -0.12 | ||
| 2093 | 17.83 | 13.36 | -4.47 | ---- | 0.12 | 0.00 | -0.12 | ||
| 2094 | 17.82 | 13.36 | -4.46 | ---- | 0.12 | 0.00 | -0.12 | ||
| 2095 | 17.82 | 13.36 | -4.46 | ---- | 0.12 | 0.00 | -0.12 | ||
| 2096 | 17.82 | 13.36 | -4.46 | ---- | 0.12 | 0.00 | -0.12 | ||
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 | 17.42% | 13.78% | -3.65% | 2034 | 0.11% | 0.00% | -0.11% | ||
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.