Detailed Single Year Tables
Description of Proposed Provision:
B1.1: Price indexing of PIA factors beginning with those newly eligible for OASDI benefits in 2029: 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 |
|||
| 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 | 14.66 | 12.97 | -1.69 | 177 | 0.00 | 0.00 | 0.00 | ||
| 2026 | 14.88 | 13.08 | -1.80 | 160 | 0.00 | 0.00 | 0.00 | ||
| 2027 | 15.10 | 13.10 | -2.00 | 143 | 0.00 | 0.00 | 0.00 | ||
| 2028 | 15.33 | 13.14 | -2.19 | 126 | 0.00 | 0.00 | 0.00 | ||
| 2029 | 15.53 | 13.17 | -2.35 | 109 | -0.00 | -0.00 | 0.00 | ||
| 2030 | 15.72 | 13.20 | -2.52 | 92 | -0.01 | -0.00 | 0.01 | ||
| 2031 | 15.89 | 13.23 | -2.66 | 74 | -0.01 | -0.00 | 0.01 | ||
| 2032 | 16.04 | 13.24 | -2.80 | 57 | -0.03 | -0.00 | 0.03 | ||
| 2033 | 16.16 | 13.25 | -2.90 | 40 | -0.05 | -0.00 | 0.04 | ||
| 2034 | 16.25 | 13.26 | -2.99 | 22 | -0.07 | -0.00 | 0.07 | ||
| 2035 | 16.31 | 13.27 | -3.05 | 4 | -0.11 | -0.00 | 0.10 | ||
| 2036 | 16.35 | 13.27 | -3.08 | ---- | -0.15 | -0.01 | 0.14 | ||
| 2037 | 16.38 | 13.28 | -3.10 | ---- | -0.20 | -0.01 | 0.19 | ||
| 2038 | 16.38 | 13.28 | -3.10 | ---- | -0.26 | -0.01 | 0.24 | ||
| 2039 | 16.37 | 13.28 | -3.08 | ---- | -0.32 | -0.02 | 0.31 | ||
| 2040 | 16.32 | 13.28 | -3.04 | ---- | -0.40 | -0.02 | 0.38 | ||
| 2041 | 16.26 | 13.28 | -2.98 | ---- | -0.48 | -0.02 | 0.45 | ||
| 2042 | 16.20 | 13.28 | -2.92 | ---- | -0.57 | -0.03 | 0.54 | ||
| 2043 | 16.12 | 13.27 | -2.85 | ---- | -0.66 | -0.03 | 0.63 | ||
| 2044 | 16.04 | 13.27 | -2.77 | ---- | -0.77 | -0.04 | 0.73 | ||
| 2045 | 15.94 | 13.26 | -2.68 | ---- | -0.88 | -0.04 | 0.83 | ||
| 2046 | 15.84 | 13.26 | -2.58 | ---- | -1.00 | -0.05 | 0.95 | ||
| 2047 | 15.74 | 13.25 | -2.49 | ---- | -1.12 | -0.06 | 1.06 | ||
| 2048 | 15.64 | 13.25 | -2.39 | ---- | -1.25 | -0.06 | 1.18 | ||
| 2049 | 15.53 | 13.24 | -2.29 | ---- | -1.38 | -0.07 | 1.31 | ||
| 2050 | 15.43 | 13.24 | -2.19 | ---- | -1.52 | -0.08 | 1.44 | ||
| 2051 | 15.32 | 13.23 | -2.08 | ---- | -1.66 | -0.09 | 1.58 | ||
| 2052 | 15.20 | 13.23 | -1.97 | ---- | -1.81 | -0.10 | 1.72 | ||
| 2053 | 15.09 | 13.22 | -1.87 | ---- | -1.96 | -0.10 | 1.86 | ||
| 2054 | 14.98 | 13.22 | -1.76 | ---- | -2.12 | -0.11 | 2.00 | ||
| 2055 | 14.87 | 13.21 | -1.66 | ---- | -2.27 | -0.12 | 2.15 | ||
| 2056 | 14.77 | 13.21 | -1.56 | ---- | -2.44 | -0.13 | 2.30 | ||
| 2057 | 14.66 | 13.20 | -1.46 | ---- | -2.60 | -0.14 | 2.46 | ||
| 2058 | 14.56 | 13.20 | -1.36 | ---- | -2.76 | -0.15 | 2.61 | ||
| 2059 | 14.46 | 13.20 | -1.27 | ---- | -2.93 | -0.16 | 2.77 | ||
| 2060 | 14.36 | 13.19 | -1.17 | ---- | -3.09 | -0.17 | 2.92 | ||
| 2061 | 14.26 | 13.19 | -1.08 | ---- | -3.25 | -0.18 | 3.07 | ||
| 2062 | 14.16 | 13.18 | -0.98 | ---- | -3.41 | -0.19 | 3.22 | ||
| 2063 | 14.06 | 13.18 | -0.88 | ---- | -3.57 | -0.20 | 3.37 | ||
| 2064 | 13.95 | 13.17 | -0.78 | ---- | -3.73 | -0.21 | 3.52 | ||
| 2065 | 13.84 | 13.17 | -0.68 | ---- | -3.89 | -0.22 | 3.67 | ||
| 2066 | 13.74 | 13.16 | -0.58 | ---- | -4.04 | -0.23 | 3.82 | ||
| 2067 | 13.64 | 13.16 | -0.48 | ---- | -4.20 | -0.23 | 3.96 | ||
| 2068 | 13.54 | 13.15 | -0.39 | ---- | -4.35 | -0.24 | 4.11 | ||
| 2069 | 13.44 | 13.15 | -0.29 | ---- | -4.51 | -0.25 | 4.25 | ||
| 2070 | 13.34 | 13.14 | -0.20 | ---- | -4.66 | -0.26 | 4.40 | ||
| 2071 | 13.24 | 13.14 | -0.11 | ---- | -4.82 | -0.27 | 4.54 | ||
| 2072 | 13.14 | 13.13 | -0.01 | ---- | -4.97 | -0.28 | 4.69 | ||
| 2073 | 13.04 | 13.13 | 0.08 | ---- | -5.12 | -0.29 | 4.83 | ||
| 2074 | 12.94 | 13.12 | 0.18 | ---- | -5.27 | -0.30 | 4.97 | ||
| 2075 | 12.83 | 13.12 | 0.28 | ---- | -5.42 | -0.31 | 5.11 | ||
| 2076 | 12.72 | 13.11 | 0.39 | ---- | -5.57 | -0.32 | 5.25 | ||
| 2077 | 12.60 | 13.10 | 0.50 | ---- | -5.71 | -0.32 | 5.38 | ||
| 2078 | 12.48 | 13.10 | 0.62 | ---- | -5.84 | -0.33 | 5.51 | ||
| 2079 | 12.35 | 13.09 | 0.74 | ---- | -5.97 | -0.34 | 5.63 | ||
| 2080 | 12.21 | 13.08 | 0.87 | ---- | -6.09 | -0.35 | 5.75 | ||
| 2081 | 12.06 | 13.07 | 1.01 | ---- | -6.21 | -0.35 | 5.86 | ||
| 2082 | 11.92 | 13.07 | 1.15 | ---- | -6.33 | -0.36 | 5.97 | ||
| 2083 | 11.76 | 13.06 | 1.29 | ---- | -6.44 | -0.37 | 6.07 | ||
| 2084 | 11.61 | 13.05 | 1.44 | ---- | -6.55 | -0.37 | 6.17 | ||
| 2085 | 11.46 | 13.04 | 1.58 | ---- | -6.65 | -0.38 | 6.27 | ||
| 2086 | 11.30 | 13.03 | 1.73 | ---- | -6.75 | -0.38 | 6.36 | ||
| 2087 | 11.14 | 13.02 | 1.88 | ---- | -6.84 | -0.39 | 6.45 | ||
| 2088 | 10.98 | 13.01 | 2.03 | ---- | -6.94 | -0.40 | 6.54 | ||
| 2089 | 10.82 | 13.00 | 2.18 | ---- | -7.03 | -0.40 | 6.63 | ||
| 2090 | 10.67 | 12.99 | 2.32 | ---- | -7.12 | -0.41 | 6.72 | ||
| 2091 | 10.53 | 12.98 | 2.46 | ---- | -7.22 | -0.41 | 6.81 | ||
| 2092 | 10.39 | 12.98 | 2.59 | ---- | -7.32 | -0.42 | 6.90 | ||
| 2093 | 10.26 | 12.97 | 2.71 | ---- | -7.42 | -0.42 | 6.99 | ||
| 2094 | 10.13 | 12.96 | 2.83 | ---- | -7.52 | -0.43 | 7.09 | ||
| 2095 | 10.01 | 12.95 | 2.94 | ---- | -7.63 | -0.43 | 7.20 | ||
| 2096 | 9.90 | 12.95 | 3.05 | ---- | -7.74 | -0.44 | 7.30 | ||
| 2097 | 9.79 | 12.94 | 3.15 | ---- | -7.86 | -0.45 | 7.41 | ||
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 | 14.29% | 13.62% | -0.67% | 2035 | -2.91% | -0.16% | 2.75% | ||
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.