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Detailed Single Year Tables

Description of Proposed Provision:
For all individuals becoming eligible for OASDI benefits in 2011 and later, use a modified primary insurance amount (PIA) formula. The modified formula would increase the first bend point to the equivalent of $800 in 2009. Also, a new bend point would be placed between the reset first bend point and the current-law second bend point. The new bend point would be equal to the reset first bend point plus 75 percent of the difference between the bend points. The PIA formula factor between the new bend point and the upper bend point would be lowered from 32% to 20%. The PIA formula factor above the upper bend point would be lowered from 15% to 10%.

 

Financial Estimates for the OASDI Trust Fund Program

 
  Proposal
  Change from Present Law
  Expressed as a percentage of
present-law taxable payroll

Trust fund
ratio as of
January 1
Expressed as a percentage of
present-law taxable payroll
Calendar
year
Cost
rate
Income
rate
Annual
balance

Cost
rate
Income
rate
Annual
balance
201013.1012.33-0.77
355
0.010.00-0.01
201113.0512.92-0.14
352
0.010.00-0.01
201212.8612.870.02
350
0.010.00-0.01
201312.8312.900.07
345
0.010.00-0.01
201412.8712.920.05
340
0.000.000.00
201512.9712.94-0.03
335
-0.010.000.01
201613.0712.96-0.11
330
-0.030.000.03
201713.2512.99-0.27
325
-0.050.000.05
201813.4813.01-0.46
319
-0.070.000.07
201913.7513.02-0.72
312
-0.090.000.09
202014.0413.04-0.99
303
-0.11-0.010.10
202114.3213.06-1.26
293
-0.13-0.010.12
202214.6013.08-1.52
283
-0.15-0.010.14
202314.8613.09-1.77
271
-0.17-0.010.16
202415.1013.11-2.00
259
-0.18-0.010.17
202515.3413.12-2.21
245
-0.20-0.010.19
202615.5413.14-2.41
231
-0.21-0.010.20
202715.7313.15-2.58
217
-0.23-0.010.21
202815.8913.16-2.73
201
-0.24-0.010.23
202916.0313.17-2.86
185
-0.25-0.010.24
203016.1413.18-2.97
169
-0.26-0.010.25
203116.2313.19-3.05
152
-0.27-0.010.26
203216.3113.19-3.12
135
-0.28-0.020.27
203316.3713.20-3.17
117
-0.29-0.020.27
203416.4113.20-3.20
100
-0.30-0.020.28
203516.4213.21-3.22
82
-0.30-0.020.29
203616.4313.21-3.22
63
-0.31-0.020.29
203716.4213.21-3.21
45
-0.32-0.020.30
203816.3913.21-3.18
26
-0.32-0.020.30
203916.3613.21-3.15
8
-0.32-0.020.31
204016.3213.21-3.10
----
-0.33-0.020.31
204116.2713.21-3.06
----
-0.33-0.020.31
204216.2213.21-3.01
----
-0.33-0.020.31
204316.1813.21-2.97
----
-0.33-0.020.31
204416.1513.21-2.94
----
-0.33-0.020.31
204516.1213.21-2.91
----
-0.33-0.020.31
204616.0913.21-2.89
----
-0.32-0.020.31
204716.0813.21-2.87
----
-0.32-0.020.30
204816.0613.21-2.85
----
-0.32-0.020.30
204916.0413.21-2.83
----
-0.32-0.020.30
205016.0213.21-2.81
----
-0.31-0.020.30
205116.0113.21-2.81
----
-0.31-0.020.29
205216.0213.21-2.81
----
-0.31-0.020.29
205316.0313.21-2.81
----
-0.31-0.020.29
205416.0413.21-2.83
----
-0.30-0.020.29
205516.0613.21-2.85
----
-0.30-0.020.29
205616.0913.22-2.87
----
-0.30-0.020.29
205716.1113.22-2.90
----
-0.30-0.020.28
205816.1413.22-2.92
----
-0.30-0.020.28
205916.1613.22-2.94
----
-0.30-0.020.28
206016.1813.23-2.96
----
-0.30-0.020.28
206116.2113.23-2.98
----
-0.30-0.020.28
206216.2313.23-3.00
----
-0.30-0.020.28
206316.2613.23-3.03
----
-0.30-0.020.28
206416.2913.23-3.05
----
-0.30-0.020.28
206516.3213.24-3.08
----
-0.30-0.020.28
206616.3513.24-3.11
----
-0.30-0.020.28
206716.3913.24-3.14
----
-0.30-0.020.28
206816.4213.24-3.18
----
-0.30-0.020.28
206916.4613.25-3.22
----
-0.30-0.020.28
207016.5013.25-3.25
----
-0.30-0.020.29
207116.5513.25-3.29
----
-0.30-0.020.29
207216.5913.26-3.33
----
-0.30-0.020.29
207316.6313.26-3.37
----
-0.30-0.020.29
207416.6813.26-3.42
----
-0.31-0.020.29
207516.7213.26-3.46
----
-0.31-0.020.29
207616.7613.27-3.50
----
-0.31-0.020.29
207716.8113.27-3.54
----
-0.31-0.020.29
207816.8513.27-3.58
----
-0.31-0.020.29
207916.9013.28-3.62
----
-0.31-0.020.29
208016.9413.28-3.66
----
-0.31-0.020.29
208116.9813.28-3.70
----
-0.31-0.020.29
208217.0313.28-3.74
----
-0.31-0.020.30
208317.0713.29-3.78
----
-0.31-0.020.30
208417.1113.29-3.82
----
-0.32-0.020.30
208517.1513.29-3.86
----
-0.32-0.020.30



 

Summarized Estimates

 
  Proposal
  Change from Present Law
Years Cost
rate
Income
rate
Actuarial
balance

Year of
exhaustion
1

Cost
rate
Income
rate
Actuarial
balance
 
Based on Intermediate Assumptions of the 2010 Trustees Report.
2010-2084 15.69% 13.99% -1.70%
2039
-0.24% -0.01% 0.22%
 
1 Under present law, the year of exhaustion is 2037.

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Last reviewed or modified March 2, 2011