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Detailed Single Year Tables

Description of Proposed Provision:
Increase the taxable maximum by an additional 2 percent per year beginning in 2013 until taxable earnings equal 90 percent of covered earnings. Provide benefit credit for earnings up to the revised taxable maximum levels. Create a new bend point equal to the current-law taxable maximum with a 5 percent formula factor applying above the new bend point.

 

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
201113.3512.52-0.82
353
0.000.000.00
201213.2312.87-0.36
347
0.000.000.00
201313.1812.91-0.27
341
0.000.040.04
201413.1813.00-0.19
334
0.000.080.08
201513.2413.06-0.19
328
0.000.120.12
201613.3313.12-0.20
323
0.000.150.15
201713.4613.19-0.27
317
0.000.190.19
201813.6213.25-0.36
310
0.000.220.22
201913.8813.31-0.57
301
0.000.260.26
202014.2013.37-0.83
292
0.000.310.31
202114.5213.43-1.09
281
0.000.350.35
202214.8313.48-1.35
270
0.000.380.38
202315.1313.53-1.60
258
0.000.410.41
202415.4113.58-1.83
246
0.000.450.44
202515.6813.63-2.05
233
0.000.480.47
202615.9313.67-2.26
220
0.000.510.50
202716.1513.71-2.44
206
0.010.540.53
202816.3513.76-2.60
192
0.010.570.56
202916.5313.80-2.73
177
0.010.600.59
203016.6713.84-2.83
162
0.010.620.62
203116.7713.87-2.90
146
0.010.650.64
203216.8713.91-2.96
130
0.010.680.67
203316.9413.94-3.01
114
0.010.700.69
203417.0013.97-3.03
98
0.020.730.71
203517.0314.00-3.03
81
0.020.760.74
203617.0514.03-3.03
65
0.020.780.76
203717.0614.05-3.01
48
0.020.810.78
203817.0414.08-2.97
31
0.020.830.80
203917.0214.10-2.92
15
0.030.850.83
204016.9814.12-2.86
----
0.030.870.85
204116.9414.14-2.80
----
0.030.900.87
204216.9114.17-2.74
----
0.030.920.89
204316.8814.19-2.69
----
0.040.940.90
204416.8514.21-2.65
----
0.040.960.92
204516.8314.23-2.60
----
0.040.980.94
204616.8014.25-2.56
----
0.051.010.96
204716.7914.27-2.52
----
0.051.030.98
204816.7714.29-2.48
----
0.051.050.99
204916.7614.31-2.45
----
0.061.071.01
205016.7514.33-2.41
----
0.061.091.03
205116.7414.33-2.41
----
0.061.091.03
205216.7514.34-2.41
----
0.071.091.03
205316.7614.34-2.42
----
0.071.091.02
205416.7814.34-2.43
----
0.071.101.02
205516.8014.35-2.45
----
0.081.101.02
205616.8214.35-2.47
----
0.081.101.02
205716.8514.36-2.49
----
0.091.101.02
205816.8714.36-2.51
----
0.091.111.01
205916.8914.37-2.52
----
0.091.111.01
206016.9014.37-2.53
----
0.101.111.01
206116.9214.37-2.54
----
0.101.111.01
206216.9314.38-2.55
----
0.111.111.01
206316.9514.38-2.57
----
0.111.121.01
206416.9614.38-2.58
----
0.111.121.01
206516.9814.39-2.60
----
0.121.121.00
206617.0114.39-2.62
----
0.121.121.00
206717.0414.39-2.64
----
0.121.131.00
206817.0714.40-2.67
----
0.131.131.00
206917.1014.40-2.70
----
0.131.131.00
207017.1414.41-2.73
----
0.131.131.00
207117.1714.41-2.76
----
0.141.131.00
207217.2114.41-2.79
----
0.141.141.00
207317.2514.42-2.83
----
0.141.140.99
207417.2914.42-2.87
----
0.151.140.99
207517.3314.43-2.90
----
0.151.140.99
207617.3714.43-2.94
----
0.151.140.99
207717.4114.44-2.97
----
0.161.140.99
207817.4514.44-3.01
----
0.161.150.99
207917.4814.44-3.04
----
0.161.150.99
208017.5314.45-3.08
----
0.161.150.99
208117.5714.45-3.11
----
0.171.150.98
208217.6114.46-3.15
----
0.171.150.98
208317.6514.46-3.19
----
0.171.150.98
208417.6914.47-3.23
----
0.171.160.98
208517.7314.47-3.26
----
0.181.160.98
208617.7714.47-3.30
----
0.181.160.98



 

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 2011 Trustees Report.
2011-2085 16.30% 14.79% -1.51%
2039
0.05% 0.77% 0.71%
 
1 Under present law, the year of exhaustion is 2036.

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Last reviewed or modified December 21, 2011