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 2024, to 3 for workers newly eligible in 2025, and to 2 for workers newly eligible in 2026 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 |
|||
| 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 | -1.68 | 177 | -0.01 | -0.00 | 0.00 | ||
| 2026 | 14.87 | 13.08 | -1.79 | 160 | -0.01 | -0.00 | 0.01 | ||
| 2027 | 15.08 | 13.10 | -1.98 | 143 | -0.03 | -0.00 | 0.03 | ||
| 2028 | 15.29 | 13.14 | -2.15 | 126 | -0.04 | -0.00 | 0.04 | ||
| 2029 | 15.47 | 13.17 | -2.30 | 109 | -0.06 | -0.00 | 0.06 | ||
| 2030 | 15.64 | 13.20 | -2.45 | 93 | -0.08 | -0.00 | 0.07 | ||
| 2031 | 15.81 | 13.23 | -2.58 | 76 | -0.10 | -0.00 | 0.09 | ||
| 2032 | 15.95 | 13.24 | -2.71 | 59 | -0.12 | -0.01 | 0.12 | ||
| 2033 | 16.06 | 13.25 | -2.81 | 42 | -0.14 | -0.01 | 0.14 | ||
| 2034 | 16.16 | 13.26 | -2.90 | 25 | -0.17 | -0.01 | 0.16 | ||
| 2035 | 16.23 | 13.26 | -2.97 | 8 | -0.19 | -0.01 | 0.18 | ||
| 2036 | 16.29 | 13.27 | -3.02 | ---- | -0.21 | -0.01 | 0.20 | ||
| 2037 | 16.35 | 13.27 | -3.07 | ---- | -0.23 | -0.01 | 0.22 | ||
| 2038 | 16.39 | 13.28 | -3.11 | ---- | -0.25 | -0.01 | 0.24 | ||
| 2039 | 16.42 | 13.28 | -3.14 | ---- | -0.27 | -0.01 | 0.25 | ||
| 2040 | 16.43 | 13.28 | -3.15 | ---- | -0.29 | -0.01 | 0.27 | ||
| 2041 | 16.44 | 13.29 | -3.15 | ---- | -0.30 | -0.02 | 0.29 | ||
| 2042 | 16.45 | 13.29 | -3.16 | ---- | -0.32 | -0.02 | 0.30 | ||
| 2043 | 16.45 | 13.29 | -3.16 | ---- | -0.34 | -0.02 | 0.32 | ||
| 2044 | 16.45 | 13.29 | -3.16 | ---- | -0.35 | -0.02 | 0.33 | ||
| 2045 | 16.46 | 13.29 | -3.17 | ---- | -0.37 | -0.02 | 0.35 | ||
| 2046 | 16.46 | 13.29 | -3.17 | ---- | -0.38 | -0.02 | 0.36 | ||
| 2047 | 16.47 | 13.29 | -3.18 | ---- | -0.39 | -0.02 | 0.37 | ||
| 2048 | 16.48 | 13.29 | -3.19 | ---- | -0.41 | -0.02 | 0.39 | ||
| 2049 | 16.50 | 13.29 | -3.20 | ---- | -0.42 | -0.02 | 0.40 | ||
| 2050 | 16.52 | 13.30 | -3.22 | ---- | -0.43 | -0.02 | 0.41 | ||
| 2051 | 16.54 | 13.30 | -3.24 | ---- | -0.44 | -0.02 | 0.42 | ||
| 2052 | 16.56 | 13.30 | -3.26 | ---- | -0.45 | -0.03 | 0.43 | ||
| 2053 | 16.59 | 13.30 | -3.29 | ---- | -0.46 | -0.03 | 0.44 | ||
| 2054 | 16.63 | 13.31 | -3.32 | ---- | -0.47 | -0.03 | 0.45 | ||
| 2055 | 16.67 | 13.31 | -3.36 | ---- | -0.48 | -0.03 | 0.45 | ||
| 2056 | 16.72 | 13.31 | -3.40 | ---- | -0.49 | -0.03 | 0.46 | ||
| 2057 | 16.77 | 13.32 | -3.45 | ---- | -0.49 | -0.03 | 0.47 | ||
| 2058 | 16.83 | 13.32 | -3.50 | ---- | -0.50 | -0.03 | 0.47 | ||
| 2059 | 16.88 | 13.33 | -3.56 | ---- | -0.50 | -0.03 | 0.48 | ||
| 2060 | 16.94 | 13.33 | -3.61 | ---- | -0.51 | -0.03 | 0.48 | ||
| 2061 | 17.00 | 13.34 | -3.66 | ---- | -0.51 | -0.03 | 0.48 | ||
| 2062 | 17.06 | 13.34 | -3.71 | ---- | -0.52 | -0.03 | 0.49 | ||
| 2063 | 17.11 | 13.35 | -3.76 | ---- | -0.52 | -0.03 | 0.49 | ||
| 2064 | 17.16 | 13.35 | -3.81 | ---- | -0.52 | -0.03 | 0.49 | ||
| 2065 | 17.21 | 13.35 | -3.85 | ---- | -0.52 | -0.03 | 0.49 | ||
| 2066 | 17.26 | 13.36 | -3.90 | ---- | -0.52 | -0.03 | 0.50 | ||
| 2067 | 17.31 | 13.36 | -3.95 | ---- | -0.53 | -0.03 | 0.50 | ||
| 2068 | 17.36 | 13.36 | -3.99 | ---- | -0.53 | -0.03 | 0.50 | ||
| 2069 | 17.41 | 13.37 | -4.05 | ---- | -0.53 | -0.03 | 0.50 | ||
| 2070 | 17.47 | 13.37 | -4.10 | ---- | -0.53 | -0.03 | 0.50 | ||
| 2071 | 17.52 | 13.38 | -4.15 | ---- | -0.53 | -0.03 | 0.50 | ||
| 2072 | 17.57 | 13.38 | -4.19 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2073 | 17.62 | 13.38 | -4.24 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2074 | 17.67 | 13.39 | -4.28 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2075 | 17.71 | 13.39 | -4.32 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2076 | 17.75 | 13.39 | -4.35 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2077 | 17.77 | 13.40 | -4.37 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2078 | 17.78 | 13.40 | -4.38 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2079 | 17.77 | 13.40 | -4.38 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2080 | 17.76 | 13.40 | -4.36 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2081 | 17.73 | 13.40 | -4.34 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2082 | 17.70 | 13.39 | -4.31 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2083 | 17.67 | 13.39 | -4.27 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2084 | 17.62 | 13.39 | -4.23 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2085 | 17.57 | 13.39 | -4.18 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2086 | 17.51 | 13.38 | -4.13 | ---- | -0.54 | -0.03 | 0.50 | ||
| 2087 | 17.45 | 13.38 | -4.07 | ---- | -0.53 | -0.03 | 0.50 | ||
| 2088 | 17.38 | 13.38 | -4.01 | ---- | -0.53 | -0.03 | 0.50 | ||
| 2089 | 17.32 | 13.37 | -3.95 | ---- | -0.53 | -0.03 | 0.50 | ||
| 2090 | 17.26 | 13.37 | -3.90 | ---- | -0.53 | -0.03 | 0.50 | ||
| 2091 | 17.22 | 13.36 | -3.85 | ---- | -0.53 | -0.03 | 0.50 | ||
| 2092 | 17.18 | 13.36 | -3.81 | ---- | -0.53 | -0.03 | 0.50 | ||
| 2093 | 17.15 | 13.36 | -3.79 | ---- | -0.52 | -0.03 | 0.49 | ||
| 2094 | 17.13 | 13.36 | -3.77 | ---- | -0.52 | -0.03 | 0.49 | ||
| 2095 | 17.12 | 13.36 | -3.76 | ---- | -0.52 | -0.03 | 0.49 | ||
| 2096 | 17.12 | 13.36 | -3.76 | ---- | -0.52 | -0.03 | 0.49 | ||
| 2097 | 17.12 | 13.36 | -3.76 | ---- | -0.52 | -0.03 | 0.49 | ||
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 | 16.82% | 13.76% | -3.06% | 2035 | -0.38% | -0.02% | 0.36% | ||
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.