Detailed Single Year Tables
Description of Proposed Provision:
B6.5: Starting in 2026, provide a 5 percent uniform PIA increase 20 years after benefit eligibility. Phase in the PIA increase at 1 percent per year from the 16th through 20th years after eligibility. The full PIA increase is equal to 5 percent of the PIA of a worker assumed to have career-average earnings equal to the SSA average wage index. Auxiliary beneficiaries receive benefit enhancement based on the PIA of the governing worker.
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 | 15.44 | 13.09 | -2.34 | 147 | 0.20 | 0.01 | -0.19 | ||
2027 | 15.59 | 13.10 | -2.49 | 128 | 0.21 | 0.01 | -0.20 | ||
2028 | 15.77 | 13.14 | -2.63 | 110 | 0.22 | 0.01 | -0.20 | ||
2029 | 15.94 | 13.17 | -2.77 | 91 | 0.22 | 0.01 | -0.21 | ||
2030 | 16.10 | 13.20 | -2.90 | 72 | 0.23 | 0.01 | -0.22 | ||
2031 | 16.24 | 13.23 | -3.01 | 54 | 0.23 | 0.01 | -0.22 | ||
2032 | 16.38 | 13.25 | -3.13 | 35 | 0.24 | 0.01 | -0.23 | ||
2033 | 16.51 | 13.26 | -3.25 | 16 | 0.24 | 0.01 | -0.23 | ||
2034 | 16.63 | 13.27 | -3.36 | ---- | 0.25 | 0.01 | -0.23 | ||
2035 | 16.73 | 13.28 | -3.45 | ---- | 0.25 | 0.01 | -0.24 | ||
2036 | 16.81 | 13.29 | -3.53 | ---- | 0.26 | 0.01 | -0.24 | ||
2037 | 16.90 | 13.30 | -3.60 | ---- | 0.26 | 0.02 | -0.25 | ||
2038 | 16.96 | 13.30 | -3.66 | ---- | 0.27 | 0.02 | -0.25 | ||
2039 | 17.02 | 13.31 | -3.71 | ---- | 0.27 | 0.02 | -0.25 | ||
2040 | 17.06 | 13.31 | -3.74 | ---- | 0.27 | 0.02 | -0.26 | ||
2041 | 17.08 | 13.32 | -3.77 | ---- | 0.28 | 0.02 | -0.26 | ||
2042 | 17.10 | 13.32 | -3.78 | ---- | 0.28 | 0.02 | -0.26 | ||
2043 | 17.11 | 13.32 | -3.79 | ---- | 0.28 | 0.02 | -0.27 | ||
2044 | 17.13 | 13.32 | -3.81 | ---- | 0.29 | 0.02 | -0.27 | ||
2045 | 17.15 | 13.32 | -3.83 | ---- | 0.29 | 0.02 | -0.27 | ||
2046 | 17.17 | 13.33 | -3.84 | ---- | 0.29 | 0.02 | -0.27 | ||
2047 | 17.19 | 13.33 | -3.86 | ---- | 0.29 | 0.02 | -0.27 | ||
2048 | 17.22 | 13.33 | -3.89 | ---- | 0.29 | 0.02 | -0.27 | ||
2049 | 17.25 | 13.34 | -3.91 | ---- | 0.29 | 0.02 | -0.28 | ||
2050 | 17.28 | 13.34 | -3.94 | ---- | 0.29 | 0.02 | -0.28 | ||
2051 | 17.31 | 13.34 | -3.97 | ---- | 0.29 | 0.02 | -0.28 | ||
2052 | 17.35 | 13.35 | -4.01 | ---- | 0.29 | 0.02 | -0.28 | ||
2053 | 17.40 | 13.35 | -4.05 | ---- | 0.29 | 0.02 | -0.28 | ||
2054 | 17.46 | 13.35 | -4.10 | ---- | 0.29 | 0.02 | -0.28 | ||
2055 | 17.52 | 13.36 | -4.16 | ---- | 0.29 | 0.02 | -0.27 | ||
2056 | 17.59 | 13.37 | -4.23 | ---- | 0.29 | 0.02 | -0.27 | ||
2057 | 17.67 | 13.37 | -4.30 | ---- | 0.29 | 0.02 | -0.28 | ||
2058 | 17.75 | 13.38 | -4.37 | ---- | 0.29 | 0.02 | -0.28 | ||
2059 | 17.83 | 13.38 | -4.45 | ---- | 0.30 | 0.02 | -0.28 | ||
2060 | 17.92 | 13.39 | -4.52 | ---- | 0.30 | 0.02 | -0.28 | ||
2061 | 17.99 | 13.40 | -4.59 | ---- | 0.30 | 0.02 | -0.28 | ||
2062 | 18.06 | 13.40 | -4.66 | ---- | 0.30 | 0.02 | -0.29 | ||
2063 | 18.13 | 13.41 | -4.72 | ---- | 0.31 | 0.02 | -0.29 | ||
2064 | 18.19 | 13.41 | -4.78 | ---- | 0.31 | 0.02 | -0.29 | ||
2065 | 18.26 | 13.42 | -4.84 | ---- | 0.31 | 0.02 | -0.29 | ||
2066 | 18.32 | 13.42 | -4.90 | ---- | 0.32 | 0.02 | -0.30 | ||
2067 | 18.38 | 13.43 | -4.95 | ---- | 0.32 | 0.02 | -0.30 | ||
2068 | 18.44 | 13.43 | -5.01 | ---- | 0.32 | 0.02 | -0.30 | ||
2069 | 18.50 | 13.44 | -5.06 | ---- | 0.33 | 0.02 | -0.31 | ||
2070 | 18.56 | 13.44 | -5.12 | ---- | 0.33 | 0.02 | -0.31 | ||
2071 | 18.62 | 13.45 | -5.17 | ---- | 0.34 | 0.02 | -0.32 | ||
2072 | 18.67 | 13.45 | -5.22 | ---- | 0.34 | 0.02 | -0.32 | ||
2073 | 18.73 | 13.46 | -5.27 | ---- | 0.34 | 0.02 | -0.32 | ||
2074 | 18.77 | 13.46 | -5.31 | ---- | 0.34 | 0.02 | -0.32 | ||
2075 | 18.81 | 13.46 | -5.35 | ---- | 0.35 | 0.02 | -0.33 | ||
2076 | 18.84 | 13.47 | -5.37 | ---- | 0.35 | 0.02 | -0.33 | ||
2077 | 18.85 | 13.47 | -5.38 | ---- | 0.35 | 0.02 | -0.33 | ||
2078 | 18.86 | 13.47 | -5.39 | ---- | 0.35 | 0.02 | -0.33 | ||
2079 | 18.84 | 13.47 | -5.37 | ---- | 0.35 | 0.02 | -0.33 | ||
2080 | 18.82 | 13.47 | -5.35 | ---- | 0.35 | 0.02 | -0.33 | ||
2081 | 18.79 | 13.47 | -5.32 | ---- | 0.36 | 0.02 | -0.33 | ||
2082 | 18.75 | 13.46 | -5.28 | ---- | 0.36 | 0.02 | -0.33 | ||
2083 | 18.70 | 13.46 | -5.24 | ---- | 0.36 | 0.02 | -0.33 | ||
2084 | 18.65 | 13.46 | -5.19 | ---- | 0.36 | 0.02 | -0.34 | ||
2085 | 18.59 | 13.46 | -5.13 | ---- | 0.36 | 0.02 | -0.34 | ||
2086 | 18.52 | 13.45 | -5.07 | ---- | 0.36 | 0.02 | -0.34 | ||
2087 | 18.45 | 13.45 | -5.00 | ---- | 0.36 | 0.02 | -0.34 | ||
2088 | 18.38 | 13.44 | -4.94 | ---- | 0.36 | 0.02 | -0.34 | ||
2089 | 18.31 | 13.44 | -4.88 | ---- | 0.36 | 0.02 | -0.34 | ||
2090 | 18.25 | 13.43 | -4.82 | ---- | 0.36 | 0.02 | -0.34 | ||
2091 | 18.20 | 13.43 | -4.77 | ---- | 0.36 | 0.02 | -0.34 | ||
2092 | 18.16 | 13.43 | -4.73 | ---- | 0.36 | 0.02 | -0.34 | ||
2093 | 18.13 | 13.43 | -4.70 | ---- | 0.36 | 0.02 | -0.34 | ||
2094 | 18.11 | 13.43 | -4.68 | ---- | 0.36 | 0.02 | -0.34 | ||
2095 | 18.10 | 13.43 | -4.68 | ---- | 0.36 | 0.02 | -0.34 | ||
2096 | 18.10 | 13.43 | -4.67 | ---- | 0.36 | 0.02 | -0.33 | ||
2097 | 18.11 | 13.43 | -4.68 | ---- | 0.35 | 0.02 | -0.33 | ||
2098 | 18.12 | 13.43 | -4.70 | ---- | 0.35 | 0.02 | -0.33 |
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 | 17.67% | 13.79% | -3.88% | 2033 | 0.29% | 0.02% | -0.27% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2034. |
Based on Intermediate Assumptions of the 2023 Trustees Report.