Detailed Single Year Tables
Description of Proposed Provision:
B1.1: Price indexing of PIA factors beginning with those newly eligible for OASDI benefits in 2030: 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 |
|||
| 2023 | 14.53 | 13.29 | -1.24 | 204 | 0.00 | 0.00 | 0.00 | ||
| 2024 | 14.87 | 12.89 | -1.98 | 187 | 0.00 | 0.00 | 0.00 | ||
| 2025 | 15.04 | 12.97 | -2.07 | 168 | 0.00 | 0.00 | 0.00 | ||
| 2026 | 15.23 | 13.08 | -2.15 | 149 | 0.00 | 0.00 | 0.00 | ||
| 2027 | 15.38 | 13.09 | -2.29 | 131 | 0.00 | 0.00 | 0.00 | ||
| 2028 | 15.55 | 13.13 | -2.42 | 114 | 0.00 | 0.00 | 0.00 | ||
| 2029 | 15.72 | 13.16 | -2.56 | 96 | 0.00 | 0.00 | 0.00 | ||
| 2030 | 15.87 | 13.18 | -2.69 | 78 | -0.00 | -0.00 | 0.00 | ||
| 2031 | 16.00 | 13.21 | -2.78 | 61 | -0.01 | -0.00 | 0.01 | ||
| 2032 | 16.13 | 13.24 | -2.89 | 43 | -0.02 | -0.00 | 0.02 | ||
| 2033 | 16.24 | 13.25 | -2.99 | 25 | -0.03 | -0.00 | 0.03 | ||
| 2034 | 16.33 | 13.26 | -3.07 | 7 | -0.05 | -0.00 | 0.05 | ||
| 2035 | 16.40 | 13.26 | -3.13 | ---- | -0.08 | -0.00 | 0.08 | ||
| 2036 | 16.44 | 13.27 | -3.17 | ---- | -0.12 | -0.00 | 0.11 | ||
| 2037 | 16.47 | 13.27 | -3.19 | ---- | -0.17 | -0.01 | 0.16 | ||
| 2038 | 16.47 | 13.28 | -3.20 | ---- | -0.22 | -0.01 | 0.21 | ||
| 2039 | 16.46 | 13.28 | -3.18 | ---- | -0.29 | -0.01 | 0.27 | ||
| 2040 | 16.42 | 13.28 | -3.14 | ---- | -0.36 | -0.02 | 0.34 | ||
| 2041 | 16.36 | 13.28 | -3.08 | ---- | -0.44 | -0.02 | 0.42 | ||
| 2042 | 16.29 | 13.28 | -3.01 | ---- | -0.53 | -0.03 | 0.51 | ||
| 2043 | 16.20 | 13.27 | -2.93 | ---- | -0.63 | -0.03 | 0.60 | ||
| 2044 | 16.11 | 13.27 | -2.84 | ---- | -0.73 | -0.04 | 0.70 | ||
| 2045 | 16.01 | 13.27 | -2.75 | ---- | -0.85 | -0.04 | 0.80 | ||
| 2046 | 15.91 | 13.26 | -2.65 | ---- | -0.97 | -0.05 | 0.92 | ||
| 2047 | 15.81 | 13.26 | -2.55 | ---- | -1.09 | -0.06 | 1.04 | ||
| 2048 | 15.70 | 13.25 | -2.45 | ---- | -1.23 | -0.06 | 1.16 | ||
| 2049 | 15.59 | 13.25 | -2.34 | ---- | -1.36 | -0.07 | 1.29 | ||
| 2050 | 15.48 | 13.24 | -2.24 | ---- | -1.51 | -0.08 | 1.43 | ||
| 2051 | 15.36 | 13.24 | -2.13 | ---- | -1.65 | -0.09 | 1.57 | ||
| 2052 | 15.25 | 13.23 | -2.02 | ---- | -1.81 | -0.10 | 1.71 | ||
| 2053 | 15.14 | 13.23 | -1.92 | ---- | -1.96 | -0.11 | 1.86 | ||
| 2054 | 15.04 | 13.22 | -1.82 | ---- | -2.13 | -0.11 | 2.01 | ||
| 2055 | 14.94 | 13.22 | -1.72 | ---- | -2.29 | -0.12 | 2.17 | ||
| 2056 | 14.84 | 13.21 | -1.63 | ---- | -2.46 | -0.13 | 2.33 | ||
| 2057 | 14.75 | 13.21 | -1.54 | ---- | -2.63 | -0.14 | 2.49 | ||
| 2058 | 14.66 | 13.21 | -1.45 | ---- | -2.80 | -0.15 | 2.65 | ||
| 2059 | 14.56 | 13.20 | -1.36 | ---- | -2.97 | -0.16 | 2.81 | ||
| 2060 | 14.47 | 13.20 | -1.27 | ---- | -3.15 | -0.17 | 2.97 | ||
| 2061 | 14.37 | 13.19 | -1.18 | ---- | -3.32 | -0.18 | 3.13 | ||
| 2062 | 14.27 | 13.19 | -1.08 | ---- | -3.49 | -0.19 | 3.29 | ||
| 2063 | 14.17 | 13.19 | -0.99 | ---- | -3.65 | -0.20 | 3.45 | ||
| 2064 | 14.07 | 13.18 | -0.89 | ---- | -3.82 | -0.21 | 3.60 | ||
| 2065 | 13.97 | 13.18 | -0.79 | ---- | -3.98 | -0.22 | 3.75 | ||
| 2066 | 13.86 | 13.17 | -0.69 | ---- | -4.14 | -0.23 | 3.91 | ||
| 2067 | 13.76 | 13.17 | -0.59 | ---- | -4.30 | -0.24 | 4.06 | ||
| 2068 | 13.66 | 13.16 | -0.50 | ---- | -4.46 | -0.25 | 4.21 | ||
| 2069 | 13.56 | 13.16 | -0.40 | ---- | -4.62 | -0.26 | 4.35 | ||
| 2070 | 13.46 | 13.15 | -0.30 | ---- | -4.77 | -0.27 | 4.50 | ||
| 2071 | 13.35 | 13.15 | -0.21 | ---- | -4.93 | -0.28 | 4.65 | ||
| 2072 | 13.25 | 13.14 | -0.11 | ---- | -5.09 | -0.29 | 4.79 | ||
| 2073 | 13.14 | 13.14 | -0.01 | ---- | -5.24 | -0.30 | 4.94 | ||
| 2074 | 13.04 | 13.13 | 0.09 | ---- | -5.39 | -0.31 | 5.08 | ||
| 2075 | 12.92 | 13.12 | 0.20 | ---- | -5.54 | -0.32 | 5.22 | ||
| 2076 | 12.81 | 13.12 | 0.31 | ---- | -5.68 | -0.33 | 5.36 | ||
| 2077 | 12.68 | 13.11 | 0.43 | ---- | -5.82 | -0.34 | 5.49 | ||
| 2078 | 12.55 | 13.10 | 0.56 | ---- | -5.96 | -0.34 | 5.61 | ||
| 2079 | 12.41 | 13.10 | 0.69 | ---- | -6.08 | -0.35 | 5.73 | ||
| 2080 | 12.26 | 13.09 | 0.83 | ---- | -6.21 | -0.36 | 5.85 | ||
| 2081 | 12.11 | 13.08 | 0.97 | ---- | -6.32 | -0.37 | 5.96 | ||
| 2082 | 11.96 | 13.07 | 1.12 | ---- | -6.44 | -0.37 | 6.07 | ||
| 2083 | 11.80 | 13.06 | 1.26 | ---- | -6.55 | -0.38 | 6.17 | ||
| 2084 | 11.64 | 13.05 | 1.42 | ---- | -6.65 | -0.39 | 6.27 | ||
| 2085 | 11.47 | 13.04 | 1.57 | ---- | -6.75 | -0.39 | 6.36 | ||
| 2086 | 11.31 | 13.03 | 1.72 | ---- | -6.85 | -0.40 | 6.45 | ||
| 2087 | 11.15 | 13.02 | 1.88 | ---- | -6.94 | -0.40 | 6.54 | ||
| 2088 | 10.98 | 13.01 | 2.03 | ---- | -7.04 | -0.41 | 6.63 | ||
| 2089 | 10.82 | 13.00 | 2.18 | ---- | -7.13 | -0.41 | 6.72 | ||
| 2090 | 10.67 | 12.99 | 2.33 | ---- | -7.22 | -0.42 | 6.81 | ||
| 2091 | 10.52 | 12.99 | 2.46 | ---- | -7.32 | -0.42 | 6.90 | ||
| 2092 | 10.38 | 12.98 | 2.60 | ---- | -7.42 | -0.43 | 6.99 | ||
| 2093 | 10.25 | 12.97 | 2.72 | ---- | -7.52 | -0.44 | 7.09 | ||
| 2094 | 10.12 | 12.96 | 2.84 | ---- | -7.63 | -0.44 | 7.19 | ||
| 2095 | 10.00 | 12.96 | 2.95 | ---- | -7.74 | -0.45 | 7.29 | ||
| 2096 | 9.89 | 12.95 | 3.06 | ---- | -7.86 | -0.46 | 7.40 | ||
| 2097 | 9.78 | 12.94 | 3.16 | ---- | -7.97 | -0.46 | 7.51 | ||
| 2098 | 9.68 | 12.94 | 3.26 | ---- | -8.09 | -0.47 | 7.62 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2023-2097 | 14.35% | 13.61% | -0.74% | 2034 | -3.04% | -0.17% | 2.87% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2034. |
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Based on Intermediate Assumptions of the 2023 Trustees Report.