Detailed Single Year Tables
Description of Proposed Provision:
B4.3: For the OASI and DI computation of the PIA, gradually reduce the maximum number of drop-out years from 5 to 0, phased in over the years 2024-2032.
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 |
|||
| 2022 | 14.05 | 12.79 | -1.26 | 230 | 0.00 | 0.00 | 0.00 | ||
| 2023 | 14.31 | 13.04 | -1.27 | 211 | 0.00 | 0.00 | 0.00 | ||
| 2024 | 14.45 | 12.95 | -1.49 | 194 | -0.00 | -0.00 | 0.00 | ||
| 2025 | 14.65 | 12.97 | -1.69 | 177 | -0.00 | -0.00 | 0.00 | ||
| 2026 | 14.88 | 13.08 | -1.80 | 160 | -0.01 | -0.00 | 0.01 | ||
| 2027 | 15.09 | 13.10 | -1.99 | 143 | -0.02 | -0.00 | 0.02 | ||
| 2028 | 15.30 | 13.14 | -2.16 | 126 | -0.03 | -0.00 | 0.03 | ||
| 2029 | 15.49 | 13.17 | -2.31 | 109 | -0.04 | -0.00 | 0.04 | ||
| 2030 | 15.66 | 13.20 | -2.46 | 92 | -0.06 | -0.00 | 0.06 | ||
| 2031 | 15.82 | 13.23 | -2.60 | 75 | -0.08 | -0.00 | 0.08 | ||
| 2032 | 15.96 | 13.24 | -2.72 | 59 | -0.11 | -0.01 | 0.11 | ||
| 2033 | 16.06 | 13.25 | -2.81 | 42 | -0.14 | -0.01 | 0.14 | ||
| 2034 | 16.15 | 13.26 | -2.89 | 24 | -0.18 | -0.01 | 0.17 | ||
| 2035 | 16.21 | 13.26 | -2.94 | 7 | -0.21 | -0.01 | 0.20 | ||
| 2036 | 16.25 | 13.27 | -2.98 | ---- | -0.25 | -0.01 | 0.24 | ||
| 2037 | 16.29 | 13.27 | -3.02 | ---- | -0.29 | -0.01 | 0.27 | ||
| 2038 | 16.32 | 13.28 | -3.04 | ---- | -0.32 | -0.02 | 0.31 | ||
| 2039 | 16.33 | 13.28 | -3.05 | ---- | -0.36 | -0.02 | 0.34 | ||
| 2040 | 16.33 | 13.28 | -3.05 | ---- | -0.39 | -0.02 | 0.37 | ||
| 2041 | 16.32 | 13.28 | -3.04 | ---- | -0.42 | -0.02 | 0.40 | ||
| 2042 | 16.31 | 13.28 | -3.03 | ---- | -0.46 | -0.02 | 0.43 | ||
| 2043 | 16.29 | 13.28 | -3.01 | ---- | -0.49 | -0.03 | 0.46 | ||
| 2044 | 16.28 | 13.28 | -3.00 | ---- | -0.52 | -0.03 | 0.49 | ||
| 2045 | 16.27 | 13.28 | -2.99 | ---- | -0.55 | -0.03 | 0.52 | ||
| 2046 | 16.26 | 13.28 | -2.98 | ---- | -0.58 | -0.03 | 0.55 | ||
| 2047 | 16.26 | 13.28 | -2.98 | ---- | -0.61 | -0.03 | 0.57 | ||
| 2048 | 16.26 | 13.28 | -2.97 | ---- | -0.63 | -0.03 | 0.60 | ||
| 2049 | 16.26 | 13.28 | -2.97 | ---- | -0.66 | -0.04 | 0.63 | ||
| 2050 | 16.26 | 13.28 | -2.98 | ---- | -0.69 | -0.04 | 0.65 | ||
| 2051 | 16.27 | 13.28 | -2.99 | ---- | -0.71 | -0.04 | 0.67 | ||
| 2052 | 16.28 | 13.29 | -3.00 | ---- | -0.73 | -0.04 | 0.69 | ||
| 2053 | 16.30 | 13.29 | -3.01 | ---- | -0.75 | -0.04 | 0.71 | ||
| 2054 | 16.32 | 13.29 | -3.03 | ---- | -0.77 | -0.04 | 0.73 | ||
| 2055 | 16.36 | 13.29 | -3.06 | ---- | -0.79 | -0.04 | 0.75 | ||
| 2056 | 16.39 | 13.30 | -3.10 | ---- | -0.81 | -0.04 | 0.77 | ||
| 2057 | 16.44 | 13.30 | -3.14 | ---- | -0.83 | -0.05 | 0.78 | ||
| 2058 | 16.48 | 13.30 | -3.18 | ---- | -0.84 | -0.05 | 0.79 | ||
| 2059 | 16.53 | 13.31 | -3.23 | ---- | -0.85 | -0.05 | 0.81 | ||
| 2060 | 16.59 | 13.31 | -3.27 | ---- | -0.86 | -0.05 | 0.82 | ||
| 2061 | 16.64 | 13.32 | -3.32 | ---- | -0.87 | -0.05 | 0.83 | ||
| 2062 | 16.69 | 13.32 | -3.37 | ---- | -0.88 | -0.05 | 0.83 | ||
| 2063 | 16.74 | 13.32 | -3.41 | ---- | -0.89 | -0.05 | 0.84 | ||
| 2064 | 16.78 | 13.33 | -3.45 | ---- | -0.90 | -0.05 | 0.85 | ||
| 2065 | 16.83 | 13.33 | -3.50 | ---- | -0.90 | -0.05 | 0.85 | ||
| 2066 | 16.87 | 13.34 | -3.54 | ---- | -0.91 | -0.05 | 0.86 | ||
| 2067 | 16.92 | 13.34 | -3.58 | ---- | -0.91 | -0.05 | 0.86 | ||
| 2068 | 16.97 | 13.34 | -3.63 | ---- | -0.92 | -0.05 | 0.87 | ||
| 2069 | 17.02 | 13.35 | -3.68 | ---- | -0.92 | -0.05 | 0.87 | ||
| 2070 | 17.08 | 13.35 | -3.72 | ---- | -0.93 | -0.05 | 0.87 | ||
| 2071 | 17.13 | 13.35 | -3.77 | ---- | -0.93 | -0.05 | 0.88 | ||
| 2072 | 17.18 | 13.36 | -3.82 | ---- | -0.93 | -0.05 | 0.88 | ||
| 2073 | 17.22 | 13.36 | -3.86 | ---- | -0.94 | -0.05 | 0.89 | ||
| 2074 | 17.27 | 13.37 | -3.90 | ---- | -0.94 | -0.05 | 0.89 | ||
| 2075 | 17.31 | 13.37 | -3.94 | ---- | -0.94 | -0.05 | 0.89 | ||
| 2076 | 17.34 | 13.37 | -3.97 | ---- | -0.95 | -0.05 | 0.89 | ||
| 2077 | 17.36 | 13.37 | -3.99 | ---- | -0.95 | -0.05 | 0.89 | ||
| 2078 | 17.37 | 13.38 | -4.00 | ---- | -0.95 | -0.05 | 0.89 | ||
| 2079 | 17.37 | 13.38 | -3.99 | ---- | -0.95 | -0.05 | 0.89 | ||
| 2080 | 17.35 | 13.37 | -3.98 | ---- | -0.95 | -0.05 | 0.89 | ||
| 2081 | 17.33 | 13.37 | -3.96 | ---- | -0.95 | -0.05 | 0.89 | ||
| 2082 | 17.30 | 13.37 | -3.93 | ---- | -0.95 | -0.05 | 0.89 | ||
| 2083 | 17.26 | 13.37 | -3.89 | ---- | -0.94 | -0.05 | 0.89 | ||
| 2084 | 17.22 | 13.37 | -3.85 | ---- | -0.94 | -0.05 | 0.89 | ||
| 2085 | 17.17 | 13.36 | -3.80 | ---- | -0.94 | -0.05 | 0.89 | ||
| 2086 | 17.11 | 13.36 | -3.75 | ---- | -0.94 | -0.05 | 0.88 | ||
| 2087 | 17.05 | 13.36 | -3.69 | ---- | -0.93 | -0.05 | 0.88 | ||
| 2088 | 16.98 | 13.35 | -3.63 | ---- | -0.93 | -0.05 | 0.88 | ||
| 2089 | 16.92 | 13.35 | -3.57 | ---- | -0.93 | -0.05 | 0.88 | ||
| 2090 | 16.87 | 13.35 | -3.52 | ---- | -0.93 | -0.05 | 0.87 | ||
| 2091 | 16.82 | 13.34 | -3.48 | ---- | -0.92 | -0.05 | 0.87 | ||
| 2092 | 16.78 | 13.34 | -3.44 | ---- | -0.92 | -0.05 | 0.87 | ||
| 2093 | 16.75 | 13.34 | -3.41 | ---- | -0.92 | -0.05 | 0.87 | ||
| 2094 | 16.73 | 13.34 | -3.40 | ---- | -0.92 | -0.05 | 0.87 | ||
| 2095 | 16.72 | 13.34 | -3.39 | ---- | -0.92 | -0.05 | 0.87 | ||
| 2096 | 16.72 | 13.34 | -3.39 | ---- | -0.92 | -0.05 | 0.87 | ||
| 2097 | 16.73 | 13.34 | -3.39 | ---- | -0.92 | -0.05 | 0.87 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2022-2096 | 16.57% | 13.74% | -2.83% | 2035 | -0.63% | -0.03% | 0.59% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2035. |
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Based on Intermediate Assumptions of the 2022 Trustees Report.