Detailed Single Year Tables
Description of Proposed Provision:
B3.14: Beginning with those newly eligible for OASDI benefits in 2025, reduce the 15 percent PIA factor by 2 percentage points per year so that it reaches 5 percent for those newly eligible in 2029 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 |
|||
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 | -2.28 | 131 | -0.00 | -0.00 | 0.00 | ||
2028 | 15.55 | 13.13 | -2.42 | 114 | -0.01 | -0.00 | 0.01 | ||
2029 | 15.71 | 13.16 | -2.55 | 96 | -0.01 | -0.00 | 0.01 | ||
2030 | 15.85 | 13.18 | -2.67 | 78 | -0.02 | -0.00 | 0.02 | ||
2031 | 15.98 | 13.21 | -2.76 | 61 | -0.03 | -0.00 | 0.03 | ||
2032 | 16.10 | 13.24 | -2.87 | 43 | -0.04 | -0.00 | 0.04 | ||
2033 | 16.21 | 13.25 | -2.96 | 26 | -0.06 | -0.00 | 0.06 | ||
2034 | 16.30 | 13.25 | -3.05 | 8 | -0.08 | -0.00 | 0.08 | ||
2035 | 16.37 | 13.26 | -3.11 | ---- | -0.10 | -0.01 | 0.10 | ||
2036 | 16.43 | 13.27 | -3.16 | ---- | -0.13 | -0.01 | 0.12 | ||
2037 | 16.48 | 13.27 | -3.21 | ---- | -0.15 | -0.01 | 0.15 | ||
2038 | 16.51 | 13.28 | -3.24 | ---- | -0.18 | -0.01 | 0.17 | ||
2039 | 16.54 | 13.28 | -3.26 | ---- | -0.21 | -0.01 | 0.20 | ||
2040 | 16.55 | 13.28 | -3.27 | ---- | -0.23 | -0.01 | 0.22 | ||
2041 | 16.55 | 13.28 | -3.26 | ---- | -0.26 | -0.01 | 0.24 | ||
2042 | 16.54 | 13.29 | -3.25 | ---- | -0.28 | -0.02 | 0.26 | ||
2043 | 16.53 | 13.29 | -3.24 | ---- | -0.30 | -0.02 | 0.29 | ||
2044 | 16.52 | 13.29 | -3.23 | ---- | -0.32 | -0.02 | 0.31 | ||
2045 | 16.52 | 13.29 | -3.23 | ---- | -0.35 | -0.02 | 0.33 | ||
2046 | 16.51 | 13.29 | -3.23 | ---- | -0.37 | -0.02 | 0.34 | ||
2047 | 16.52 | 13.29 | -3.23 | ---- | -0.39 | -0.02 | 0.36 | ||
2048 | 16.52 | 13.29 | -3.23 | ---- | -0.40 | -0.02 | 0.38 | ||
2049 | 16.53 | 13.29 | -3.24 | ---- | -0.42 | -0.02 | 0.40 | ||
2050 | 16.55 | 13.30 | -3.25 | ---- | -0.44 | -0.03 | 0.41 | ||
2051 | 16.56 | 13.30 | -3.27 | ---- | -0.45 | -0.03 | 0.43 | ||
2052 | 16.59 | 13.30 | -3.29 | ---- | -0.47 | -0.03 | 0.44 | ||
2053 | 16.63 | 13.30 | -3.32 | ---- | -0.48 | -0.03 | 0.45 | ||
2054 | 16.67 | 13.31 | -3.36 | ---- | -0.49 | -0.03 | 0.46 | ||
2055 | 16.73 | 13.31 | -3.41 | ---- | -0.51 | -0.03 | 0.48 | ||
2056 | 16.79 | 13.32 | -3.47 | ---- | -0.52 | -0.03 | 0.49 | ||
2057 | 16.85 | 13.32 | -3.53 | ---- | -0.53 | -0.03 | 0.49 | ||
2058 | 16.92 | 13.33 | -3.59 | ---- | -0.54 | -0.03 | 0.50 | ||
2059 | 17.00 | 13.33 | -3.66 | ---- | -0.54 | -0.03 | 0.51 | ||
2060 | 17.07 | 13.34 | -3.73 | ---- | -0.55 | -0.03 | 0.52 | ||
2061 | 17.13 | 13.35 | -3.79 | ---- | -0.56 | -0.03 | 0.52 | ||
2062 | 17.20 | 13.35 | -3.85 | ---- | -0.56 | -0.03 | 0.53 | ||
2063 | 17.26 | 13.36 | -3.90 | ---- | -0.57 | -0.03 | 0.53 | ||
2064 | 17.31 | 13.36 | -3.95 | ---- | -0.57 | -0.03 | 0.54 | ||
2065 | 17.37 | 13.37 | -4.01 | ---- | -0.57 | -0.03 | 0.54 | ||
2066 | 17.43 | 13.37 | -4.06 | ---- | -0.58 | -0.04 | 0.54 | ||
2067 | 17.48 | 13.37 | -4.11 | ---- | -0.58 | -0.04 | 0.54 | ||
2068 | 17.53 | 13.38 | -4.15 | ---- | -0.58 | -0.04 | 0.55 | ||
2069 | 17.59 | 13.38 | -4.21 | ---- | -0.59 | -0.04 | 0.55 | ||
2070 | 17.64 | 13.39 | -4.26 | ---- | -0.59 | -0.04 | 0.55 | ||
2071 | 17.69 | 13.39 | -4.30 | ---- | -0.59 | -0.04 | 0.55 | ||
2072 | 17.74 | 13.40 | -4.35 | ---- | -0.59 | -0.04 | 0.56 | ||
2073 | 17.79 | 13.40 | -4.39 | ---- | -0.59 | -0.04 | 0.56 | ||
2074 | 17.83 | 13.40 | -4.43 | ---- | -0.60 | -0.04 | 0.56 | ||
2075 | 17.87 | 13.41 | -4.46 | ---- | -0.60 | -0.04 | 0.56 | ||
2076 | 17.89 | 13.41 | -4.48 | ---- | -0.60 | -0.04 | 0.56 | ||
2077 | 17.90 | 13.41 | -4.49 | ---- | -0.60 | -0.04 | 0.56 | ||
2078 | 17.90 | 13.41 | -4.49 | ---- | -0.60 | -0.04 | 0.56 | ||
2079 | 17.89 | 13.41 | -4.48 | ---- | -0.60 | -0.04 | 0.56 | ||
2080 | 17.87 | 13.41 | -4.46 | ---- | -0.60 | -0.04 | 0.56 | ||
2081 | 17.83 | 13.41 | -4.43 | ---- | -0.60 | -0.04 | 0.56 | ||
2082 | 17.80 | 13.41 | -4.39 | ---- | -0.60 | -0.04 | 0.56 | ||
2083 | 17.75 | 13.40 | -4.34 | ---- | -0.60 | -0.04 | 0.56 | ||
2084 | 17.69 | 13.40 | -4.29 | ---- | -0.60 | -0.04 | 0.56 | ||
2085 | 17.63 | 13.40 | -4.24 | ---- | -0.59 | -0.04 | 0.56 | ||
2086 | 17.57 | 13.39 | -4.17 | ---- | -0.59 | -0.04 | 0.56 | ||
2087 | 17.50 | 13.39 | -4.11 | ---- | -0.59 | -0.04 | 0.55 | ||
2088 | 17.43 | 13.38 | -4.05 | ---- | -0.59 | -0.04 | 0.55 | ||
2089 | 17.37 | 13.38 | -3.99 | ---- | -0.59 | -0.04 | 0.55 | ||
2090 | 17.31 | 13.38 | -3.93 | ---- | -0.58 | -0.04 | 0.55 | ||
2091 | 17.26 | 13.37 | -3.89 | ---- | -0.58 | -0.04 | 0.55 | ||
2092 | 17.22 | 13.37 | -3.85 | ---- | -0.58 | -0.04 | 0.55 | ||
2093 | 17.19 | 13.37 | -3.82 | ---- | -0.58 | -0.04 | 0.54 | ||
2094 | 17.17 | 13.37 | -3.80 | ---- | -0.58 | -0.04 | 0.54 | ||
2095 | 17.16 | 13.37 | -3.80 | ---- | -0.58 | -0.04 | 0.54 | ||
2096 | 17.16 | 13.37 | -3.80 | ---- | -0.58 | -0.04 | 0.54 | ||
2097 | 17.17 | 13.37 | -3.80 | ---- | -0.58 | -0.04 | 0.55 | ||
2098 | 17.19 | 13.37 | -3.82 | ---- | -0.58 | -0.04 | 0.55 |
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 | 16.98% | 13.75% | -3.23% | 2034 | -0.40% | -0.02% | 0.37% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2034. |
Based on Intermediate Assumptions of the 2023 Trustees Report.