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Detailed Single Year Tables

Description of Proposed Provision:
Provide an increase in the benefit level of any beneficiary who is 85 or older at the beginning of 2013 or who reaches their 85th birthday after the beginning of 2013. Increase the beneficiary’s PIA based on an amount equal to the average retired worker PIA at the end of 2012, or at the end of the year age 80 if later. Increase the beneficiary’s PIA by 5 percent of this amount for those older than 85 at the beginning of 2013 and by 5 percent of this amount at age 85 for others, phased in at 1 percent per year for ages 81-85.

 

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
201313.2712.87-0.40
338
0.090.00-0.09
201413.2712.92-0.35
331
0.090.00-0.08
201513.3312.94-0.39
324
0.090.00-0.08
201613.4112.97-0.44
317
0.080.00-0.08
201713.5513.01-0.54
309
0.080.00-0.08
201813.7013.03-0.67
301
0.080.00-0.08
201913.9613.05-0.92
290
0.080.00-0.08
202014.2813.06-1.22
279
0.080.00-0.08
202114.6013.08-1.52
266
0.090.00-0.08
202214.9213.10-1.81
252
0.090.00-0.08
202315.2213.12-2.09
238
0.090.00-0.09
202415.5013.14-2.36
223
0.090.01-0.09
202515.7713.15-2.62
207
0.100.01-0.09
202616.0213.17-2.85
190
0.100.01-0.09
202716.2513.18-3.07
173
0.100.01-0.10
202816.4513.20-3.26
155
0.110.01-0.10
202916.6313.21-3.42
136
0.110.01-0.11
203016.7713.22-3.56
116
0.120.01-0.11
203116.8813.23-3.66
96
0.120.01-0.12
203216.9813.23-3.75
76
0.130.01-0.12
203317.0613.24-3.82
55
0.130.01-0.13
203417.1213.25-3.87
33
0.140.01-0.13
203517.1613.25-3.91
12
0.140.01-0.13
203617.1813.25-3.93
----
0.150.01-0.14
203717.1913.26-3.94
----
0.150.01-0.14
203817.1813.26-3.92
----
0.160.01-0.15
203917.1513.26-3.89
----
0.160.01-0.15
204017.1213.26-3.86
----
0.170.01-0.16
204117.0813.26-3.82
----
0.170.01-0.16
204217.0413.26-3.79
----
0.170.01-0.16
204317.0113.26-3.76
----
0.170.01-0.17
204416.9913.26-3.74
----
0.180.01-0.17
204516.9713.25-3.71
----
0.180.01-0.17
204616.9413.25-3.68
----
0.180.01-0.17
204716.9213.25-3.67
----
0.180.01-0.17
204816.9013.25-3.65
----
0.180.01-0.17
204916.8813.25-3.63
----
0.180.01-0.17
205016.8713.25-3.61
----
0.180.01-0.17
205116.8613.25-3.60
----
0.180.01-0.17
205216.8613.26-3.60
----
0.180.01-0.17
205316.8713.26-3.61
----
0.180.01-0.17
205416.8813.26-3.62
----
0.180.01-0.17
205516.8913.26-3.63
----
0.180.01-0.17
205616.9213.26-3.65
----
0.170.01-0.16
205716.9413.26-3.67
----
0.170.01-0.16
205816.9513.27-3.69
----
0.170.01-0.16
205916.9613.27-3.70
----
0.170.01-0.16
206016.9713.27-3.71
----
0.170.01-0.16
206116.9813.27-3.71
----
0.170.01-0.16
206217.0013.27-3.72
----
0.170.01-0.16
206317.0113.27-3.74
----
0.170.01-0.16
206417.0213.27-3.75
----
0.170.01-0.16
206517.0413.28-3.77
----
0.170.01-0.16
206617.0713.28-3.79
----
0.180.01-0.17
206717.0913.28-3.81
----
0.180.01-0.17
206817.1213.28-3.84
----
0.180.01-0.17
206917.1513.28-3.87
----
0.180.01-0.17
207017.1813.29-3.90
----
0.180.01-0.17
207117.2213.29-3.93
----
0.180.01-0.17
207217.2513.29-3.96
----
0.190.01-0.18
207317.2913.29-4.00
----
0.190.01-0.18
207417.3313.29-4.04
----
0.190.01-0.18
207517.3713.30-4.07
----
0.190.01-0.18
207617.4113.30-4.11
----
0.190.01-0.18
207717.4413.30-4.14
----
0.190.01-0.18
207817.4813.30-4.18
----
0.190.01-0.18
207917.5213.31-4.21
----
0.200.01-0.18
208017.5613.31-4.25
----
0.200.01-0.18
208117.6013.31-4.28
----
0.200.01-0.18
208217.6413.31-4.32
----
0.200.01-0.19
208317.6813.32-4.36
----
0.200.01-0.19
208417.7213.32-4.40
----
0.200.01-0.19
208517.7513.32-4.43
----
0.200.01-0.19
208617.7913.32-4.47
----
0.200.01-0.19



 

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 16.39% 14.03% -2.36%
2035
0.14% 0.01% -0.13%
 
1 Under present law, the year of exhaustion is 2036.

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Last reviewed or modified December 21, 2011