Detailed Single Year Tables
Description of Proposed Provision:
B4.5: For retired and disabled workers, reduce the maximum number of dropout years to 4 for workers newly eligible in 2025, to 3 for workers newly eligible in 2026, and to 2 for workers newly eligible in 2027 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 | -0.01 | -0.00 | 0.00 | ||
| 2027 | 15.37 | 13.09 | -2.27 | 132 | -0.01 | -0.00 | 0.01 | ||
| 2028 | 15.53 | 13.13 | -2.40 | 114 | -0.03 | -0.00 | 0.02 | ||
| 2029 | 15.68 | 13.16 | -2.52 | 96 | -0.04 | -0.00 | 0.04 | ||
| 2030 | 15.82 | 13.18 | -2.63 | 79 | -0.05 | -0.00 | 0.05 | ||
| 2031 | 15.93 | 13.21 | -2.72 | 62 | -0.07 | -0.00 | 0.07 | ||
| 2032 | 16.05 | 13.23 | -2.82 | 44 | -0.09 | -0.00 | 0.09 | ||
| 2033 | 16.15 | 13.24 | -2.91 | 27 | -0.12 | -0.01 | 0.11 | ||
| 2034 | 16.24 | 13.25 | -2.99 | 9 | -0.14 | -0.01 | 0.13 | ||
| 2035 | 16.32 | 13.26 | -3.06 | ---- | -0.16 | -0.01 | 0.15 | ||
| 2036 | 16.37 | 13.27 | -3.11 | ---- | -0.18 | -0.01 | 0.17 | ||
| 2037 | 16.43 | 13.27 | -3.16 | ---- | -0.20 | -0.01 | 0.19 | ||
| 2038 | 16.47 | 13.28 | -3.20 | ---- | -0.22 | -0.01 | 0.21 | ||
| 2039 | 16.50 | 13.28 | -3.22 | ---- | -0.24 | -0.01 | 0.23 | ||
| 2040 | 16.52 | 13.28 | -3.23 | ---- | -0.26 | -0.01 | 0.25 | ||
| 2041 | 16.52 | 13.28 | -3.24 | ---- | -0.28 | -0.01 | 0.27 | ||
| 2042 | 16.52 | 13.29 | -3.23 | ---- | -0.30 | -0.02 | 0.28 | ||
| 2043 | 16.51 | 13.29 | -3.23 | ---- | -0.32 | -0.02 | 0.30 | ||
| 2044 | 16.51 | 13.29 | -3.23 | ---- | -0.33 | -0.02 | 0.31 | ||
| 2045 | 16.51 | 13.29 | -3.22 | ---- | -0.35 | -0.02 | 0.33 | ||
| 2046 | 16.52 | 13.29 | -3.23 | ---- | -0.36 | -0.02 | 0.34 | ||
| 2047 | 16.52 | 13.29 | -3.23 | ---- | -0.38 | -0.02 | 0.36 | ||
| 2048 | 16.53 | 13.29 | -3.24 | ---- | -0.39 | -0.02 | 0.37 | ||
| 2049 | 16.55 | 13.30 | -3.25 | ---- | -0.41 | -0.02 | 0.39 | ||
| 2050 | 16.57 | 13.30 | -3.27 | ---- | -0.42 | -0.02 | 0.40 | ||
| 2051 | 16.58 | 13.30 | -3.28 | ---- | -0.43 | -0.02 | 0.41 | ||
| 2052 | 16.61 | 13.30 | -3.31 | ---- | -0.45 | -0.02 | 0.42 | ||
| 2053 | 16.65 | 13.31 | -3.34 | ---- | -0.46 | -0.03 | 0.43 | ||
| 2054 | 16.70 | 13.31 | -3.39 | ---- | -0.47 | -0.03 | 0.44 | ||
| 2055 | 16.75 | 13.32 | -3.44 | ---- | -0.48 | -0.03 | 0.45 | ||
| 2056 | 16.82 | 13.32 | -3.50 | ---- | -0.49 | -0.03 | 0.46 | ||
| 2057 | 16.88 | 13.33 | -3.56 | ---- | -0.49 | -0.03 | 0.47 | ||
| 2058 | 16.96 | 13.33 | -3.63 | ---- | -0.50 | -0.03 | 0.47 | ||
| 2059 | 17.03 | 13.34 | -3.69 | ---- | -0.51 | -0.03 | 0.48 | ||
| 2060 | 17.11 | 13.34 | -3.76 | ---- | -0.51 | -0.03 | 0.48 | ||
| 2061 | 17.17 | 13.35 | -3.82 | ---- | -0.52 | -0.03 | 0.49 | ||
| 2062 | 17.24 | 13.36 | -3.88 | ---- | -0.52 | -0.03 | 0.49 | ||
| 2063 | 17.30 | 13.36 | -3.94 | ---- | -0.52 | -0.03 | 0.49 | ||
| 2064 | 17.36 | 13.37 | -3.99 | ---- | -0.53 | -0.03 | 0.50 | ||
| 2065 | 17.42 | 13.37 | -4.05 | ---- | -0.53 | -0.03 | 0.50 | ||
| 2066 | 17.47 | 13.37 | -4.10 | ---- | -0.53 | -0.03 | 0.50 | ||
| 2067 | 17.53 | 13.38 | -4.15 | ---- | -0.53 | -0.03 | 0.50 | ||
| 2068 | 17.58 | 13.38 | -4.20 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2069 | 17.64 | 13.39 | -4.25 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2070 | 17.69 | 13.39 | -4.30 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2071 | 17.74 | 13.40 | -4.35 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2072 | 17.79 | 13.40 | -4.39 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2073 | 17.84 | 13.40 | -4.43 | ---- | -0.55 | -0.03 | 0.51 | ||
| 2074 | 17.88 | 13.41 | -4.47 | ---- | -0.55 | -0.03 | 0.51 | ||
| 2075 | 17.92 | 13.41 | -4.51 | ---- | -0.55 | -0.03 | 0.52 | ||
| 2076 | 17.94 | 13.41 | -4.53 | ---- | -0.55 | -0.03 | 0.52 | ||
| 2077 | 17.95 | 13.42 | -4.54 | ---- | -0.55 | -0.03 | 0.52 | ||
| 2078 | 17.95 | 13.42 | -4.54 | ---- | -0.55 | -0.03 | 0.52 | ||
| 2079 | 17.94 | 13.42 | -4.53 | ---- | -0.55 | -0.03 | 0.52 | ||
| 2080 | 17.92 | 13.41 | -4.50 | ---- | -0.55 | -0.03 | 0.52 | ||
| 2081 | 17.89 | 13.41 | -4.47 | ---- | -0.55 | -0.03 | 0.51 | ||
| 2082 | 17.85 | 13.41 | -4.44 | ---- | -0.55 | -0.03 | 0.51 | ||
| 2083 | 17.80 | 13.41 | -4.39 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2084 | 17.75 | 13.41 | -4.34 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2085 | 17.69 | 13.40 | -4.28 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2086 | 17.62 | 13.40 | -4.22 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2087 | 17.55 | 13.39 | -4.16 | ---- | -0.54 | -0.03 | 0.51 | ||
| 2088 | 17.48 | 13.39 | -4.09 | ---- | -0.53 | -0.03 | 0.50 | ||
| 2089 | 17.42 | 13.39 | -4.03 | ---- | -0.53 | -0.03 | 0.50 | ||
| 2090 | 17.36 | 13.38 | -3.98 | ---- | -0.53 | -0.03 | 0.50 | ||
| 2091 | 17.31 | 13.38 | -3.93 | ---- | -0.53 | -0.03 | 0.50 | ||
| 2092 | 17.27 | 13.38 | -3.90 | ---- | -0.53 | -0.03 | 0.50 | ||
| 2093 | 17.24 | 13.37 | -3.87 | ---- | -0.53 | -0.03 | 0.50 | ||
| 2094 | 17.23 | 13.37 | -3.85 | ---- | -0.53 | -0.03 | 0.50 | ||
| 2095 | 17.22 | 13.37 | -3.84 | ---- | -0.53 | -0.03 | 0.50 | ||
| 2096 | 17.22 | 13.37 | -3.84 | ---- | -0.53 | -0.03 | 0.50 | ||
| 2097 | 17.23 | 13.37 | -3.85 | ---- | -0.53 | -0.03 | 0.50 | ||
| 2098 | 17.24 | 13.38 | -3.87 | ---- | -0.53 | -0.03 | 0.50 | ||
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 | 17.00% | 13.76% | -3.25% | 2034 | -0.38% | -0.02% | 0.36% | ||
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.