Detailed Single Year Tables
Description of Proposed Provision:
A8: Starting December 2024, for OASI beneficiaries only (DI beneficiaries would only be affected when their benefit converts to OASI at NRA), the annual COLA would be based on the chain-weighted version of the CPI-U.
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 | 15.01 | 12.97 | -2.03 | 168 | -0.04 | -0.00 | 0.04 | ||
| 2026 | 15.16 | 13.08 | -2.08 | 150 | -0.08 | -0.00 | 0.07 | ||
| 2027 | 15.26 | 13.09 | -2.18 | 133 | -0.12 | -0.01 | 0.11 | ||
| 2028 | 15.40 | 13.12 | -2.28 | 116 | -0.16 | -0.01 | 0.15 | ||
| 2029 | 15.52 | 13.15 | -2.37 | 99 | -0.20 | -0.01 | 0.19 | ||
| 2030 | 15.64 | 13.17 | -2.47 | 83 | -0.23 | -0.01 | 0.22 | ||
| 2031 | 15.73 | 13.20 | -2.53 | 66 | -0.27 | -0.02 | 0.26 | ||
| 2032 | 15.84 | 13.22 | -2.62 | 50 | -0.31 | -0.02 | 0.29 | ||
| 2033 | 15.93 | 13.23 | -2.70 | 33 | -0.34 | -0.02 | 0.32 | ||
| 2034 | 16.01 | 13.24 | -2.77 | 17 | -0.37 | -0.02 | 0.35 | ||
| 2035 | 16.07 | 13.24 | -2.83 | ---- | -0.40 | -0.02 | 0.38 | ||
| 2036 | 16.12 | 13.25 | -2.88 | ---- | -0.43 | -0.03 | 0.41 | ||
| 2037 | 16.18 | 13.25 | -2.92 | ---- | -0.46 | -0.03 | 0.43 | ||
| 2038 | 16.21 | 13.26 | -2.95 | ---- | -0.48 | -0.03 | 0.45 | ||
| 2039 | 16.24 | 13.26 | -2.98 | ---- | -0.51 | -0.03 | 0.48 | ||
| 2040 | 16.25 | 13.27 | -2.99 | ---- | -0.53 | -0.03 | 0.50 | ||
| 2041 | 16.26 | 13.27 | -2.99 | ---- | -0.55 | -0.03 | 0.51 | ||
| 2042 | 16.26 | 13.27 | -2.99 | ---- | -0.56 | -0.03 | 0.53 | ||
| 2043 | 16.25 | 13.27 | -2.98 | ---- | -0.58 | -0.03 | 0.54 | ||
| 2044 | 16.26 | 13.27 | -2.99 | ---- | -0.59 | -0.04 | 0.55 | ||
| 2045 | 16.26 | 13.27 | -2.99 | ---- | -0.60 | -0.04 | 0.56 | ||
| 2046 | 16.27 | 13.27 | -3.00 | ---- | -0.61 | -0.04 | 0.57 | ||
| 2047 | 16.28 | 13.27 | -3.01 | ---- | -0.62 | -0.04 | 0.58 | ||
| 2048 | 16.30 | 13.28 | -3.02 | ---- | -0.63 | -0.04 | 0.59 | ||
| 2049 | 16.32 | 13.28 | -3.04 | ---- | -0.63 | -0.04 | 0.59 | ||
| 2050 | 16.35 | 13.28 | -3.07 | ---- | -0.64 | -0.04 | 0.60 | ||
| 2051 | 16.38 | 13.28 | -3.09 | ---- | -0.64 | -0.04 | 0.60 | ||
| 2052 | 16.41 | 13.29 | -3.13 | ---- | -0.65 | -0.04 | 0.61 | ||
| 2053 | 16.46 | 13.29 | -3.17 | ---- | -0.65 | -0.04 | 0.61 | ||
| 2054 | 16.51 | 13.30 | -3.22 | ---- | -0.65 | -0.04 | 0.61 | ||
| 2055 | 16.58 | 13.30 | -3.27 | ---- | -0.65 | -0.04 | 0.61 | ||
| 2056 | 16.65 | 13.31 | -3.34 | ---- | -0.66 | -0.04 | 0.62 | ||
| 2057 | 16.72 | 13.31 | -3.40 | ---- | -0.66 | -0.04 | 0.62 | ||
| 2058 | 16.79 | 13.32 | -3.47 | ---- | -0.66 | -0.04 | 0.62 | ||
| 2059 | 16.87 | 13.33 | -3.55 | ---- | -0.67 | -0.04 | 0.63 | ||
| 2060 | 16.95 | 13.33 | -3.61 | ---- | -0.67 | -0.04 | 0.63 | ||
| 2061 | 17.02 | 13.34 | -3.68 | ---- | -0.68 | -0.04 | 0.63 | ||
| 2062 | 17.08 | 13.34 | -3.74 | ---- | -0.68 | -0.04 | 0.64 | ||
| 2063 | 17.14 | 13.35 | -3.79 | ---- | -0.68 | -0.04 | 0.64 | ||
| 2064 | 17.20 | 13.35 | -3.84 | ---- | -0.69 | -0.04 | 0.65 | ||
| 2065 | 17.25 | 13.36 | -3.90 | ---- | -0.69 | -0.04 | 0.65 | ||
| 2066 | 17.31 | 13.36 | -3.95 | ---- | -0.70 | -0.04 | 0.65 | ||
| 2067 | 17.36 | 13.37 | -3.99 | ---- | -0.70 | -0.04 | 0.66 | ||
| 2068 | 17.41 | 13.37 | -4.04 | ---- | -0.71 | -0.04 | 0.66 | ||
| 2069 | 17.46 | 13.37 | -4.09 | ---- | -0.71 | -0.04 | 0.67 | ||
| 2070 | 17.52 | 13.38 | -4.14 | ---- | -0.72 | -0.04 | 0.67 | ||
| 2071 | 17.56 | 13.38 | -4.18 | ---- | -0.72 | -0.04 | 0.68 | ||
| 2072 | 17.61 | 13.39 | -4.22 | ---- | -0.72 | -0.05 | 0.68 | ||
| 2073 | 17.65 | 13.39 | -4.26 | ---- | -0.73 | -0.05 | 0.68 | ||
| 2074 | 17.69 | 13.39 | -4.30 | ---- | -0.73 | -0.05 | 0.69 | ||
| 2075 | 17.73 | 13.40 | -4.33 | ---- | -0.74 | -0.05 | 0.69 | ||
| 2076 | 17.75 | 13.40 | -4.35 | ---- | -0.74 | -0.05 | 0.69 | ||
| 2077 | 17.76 | 13.40 | -4.36 | ---- | -0.74 | -0.05 | 0.70 | ||
| 2078 | 17.76 | 13.40 | -4.36 | ---- | -0.75 | -0.05 | 0.70 | ||
| 2079 | 17.74 | 13.40 | -4.34 | ---- | -0.75 | -0.05 | 0.70 | ||
| 2080 | 17.72 | 13.40 | -4.32 | ---- | -0.75 | -0.05 | 0.70 | ||
| 2081 | 17.68 | 13.40 | -4.29 | ---- | -0.75 | -0.05 | 0.70 | ||
| 2082 | 17.64 | 13.40 | -4.25 | ---- | -0.75 | -0.05 | 0.70 | ||
| 2083 | 17.59 | 13.39 | -4.20 | ---- | -0.75 | -0.05 | 0.70 | ||
| 2084 | 17.54 | 13.39 | -4.15 | ---- | -0.75 | -0.05 | 0.70 | ||
| 2085 | 17.48 | 13.39 | -4.09 | ---- | -0.75 | -0.05 | 0.70 | ||
| 2086 | 17.41 | 13.38 | -4.03 | ---- | -0.75 | -0.05 | 0.70 | ||
| 2087 | 17.34 | 13.38 | -3.96 | ---- | -0.75 | -0.05 | 0.70 | ||
| 2088 | 17.27 | 13.37 | -3.90 | ---- | -0.75 | -0.05 | 0.70 | ||
| 2089 | 17.21 | 13.37 | -3.84 | ---- | -0.74 | -0.05 | 0.70 | ||
| 2090 | 17.15 | 13.37 | -3.78 | ---- | -0.74 | -0.05 | 0.70 | ||
| 2091 | 17.10 | 13.36 | -3.74 | ---- | -0.74 | -0.05 | 0.69 | ||
| 2092 | 17.06 | 13.36 | -3.70 | ---- | -0.74 | -0.05 | 0.69 | ||
| 2093 | 17.03 | 13.36 | -3.68 | ---- | -0.74 | -0.05 | 0.69 | ||
| 2094 | 17.02 | 13.36 | -3.66 | ---- | -0.74 | -0.05 | 0.69 | ||
| 2095 | 17.01 | 13.36 | -3.65 | ---- | -0.73 | -0.05 | 0.69 | ||
| 2096 | 17.01 | 13.36 | -3.65 | ---- | -0.73 | -0.05 | 0.69 | ||
| 2097 | 17.02 | 13.36 | -3.66 | ---- | -0.73 | -0.05 | 0.69 | ||
| 2098 | 17.04 | 13.36 | -3.68 | ---- | -0.73 | -0.05 | 0.69 | ||
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 | 16.81% | 13.74% | -3.06% | 2034 | -0.58% | -0.04% | 0.54% | ||
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.