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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 2014 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
201213.8312.89-0.93
340
0.000.000.00
201313.9512.83-1.12
329
0.000.000.00
201413.9812.97-1.01
315
0.000.040.04
201513.9713.03-0.93
302
0.000.080.08
201613.9413.10-0.84
290
0.000.120.12
201713.9113.17-0.75
279
0.000.160.16
201813.9613.23-0.73
268
0.000.200.20
201914.1413.28-0.85
257
0.000.230.23
202014.3813.34-1.04
246
0.000.260.26
202114.6613.40-1.25
234
0.000.300.29
202214.9713.46-1.52
221
0.000.330.33
202315.2913.51-1.79
208
0.000.360.36
202415.6013.56-2.04
194
0.010.390.39
202515.8913.60-2.29
180
0.010.420.42
202616.1613.65-2.51
165
0.010.450.44
202716.4213.70-2.73
149
0.010.480.47
202816.6513.74-2.91
133
0.010.510.50
202916.8513.78-3.07
117
0.020.540.52
203017.0313.82-3.21
99
0.020.570.55
203117.1713.85-3.32
81
0.020.600.57
203217.2813.89-3.39
63
0.030.620.60
203317.3613.92-3.44
44
0.030.650.62
203417.4113.95-3.46
26
0.040.670.64
203517.4513.98-3.47
6
0.040.700.66
203617.4714.01-3.47
----
0.040.720.68
203717.4814.03-3.45
----
0.050.750.70
203817.4714.06-3.42
----
0.050.770.72
203917.4514.08-3.37
----
0.060.800.74
204017.4214.10-3.32
----
0.060.820.75
204117.3914.12-3.27
----
0.070.840.77
204217.3514.14-3.21
----
0.080.860.79
204317.3314.16-3.16
----
0.080.880.80
204417.3014.18-3.12
----
0.090.910.82
204517.2814.20-3.07
----
0.090.930.83
204617.2614.23-3.03
----
0.100.950.85
204717.2414.25-3.00
----
0.110.970.86
204817.2314.27-2.96
----
0.110.990.88
204917.2214.29-2.93
----
0.121.010.89
205017.2114.31-2.90
----
0.131.030.90
205117.2114.33-2.88
----
0.141.050.92
205217.2114.34-2.88
----
0.141.060.92
205317.2214.34-2.88
----
0.151.060.91
205417.2414.34-2.89
----
0.161.070.91
205517.2614.35-2.91
----
0.171.070.90
205617.2814.35-2.93
----
0.171.070.90
205717.3014.36-2.95
----
0.181.070.89
205817.3214.36-2.97
----
0.191.080.89
205917.3414.36-2.98
----
0.191.080.89
206017.3614.37-2.99
----
0.201.080.88
206117.3714.37-3.00
----
0.211.090.88
206217.3814.37-3.01
----
0.211.090.87
206317.4014.38-3.02
----
0.221.090.87
206417.4114.38-3.03
----
0.231.090.87
206517.4314.38-3.05
----
0.231.100.86
206617.4614.39-3.07
----
0.241.100.86
206717.4814.39-3.09
----
0.241.100.86
206817.5114.40-3.12
----
0.251.100.85
206917.5514.40-3.15
----
0.251.100.85
207017.5814.40-3.18
----
0.261.110.85
207117.6214.41-3.21
----
0.261.110.85
207217.6514.41-3.23
----
0.271.110.84
207317.6814.42-3.26
----
0.271.110.84
207417.7114.42-3.29
----
0.281.120.84
207517.7414.42-3.32
----
0.281.120.84
207617.7714.43-3.35
----
0.291.120.83
207717.8014.43-3.37
----
0.291.120.83
207817.8314.43-3.40
----
0.291.120.83
207917.8714.44-3.43
----
0.301.120.83
208017.9114.44-3.46
----
0.301.130.83
208117.9414.45-3.50
----
0.301.130.82
208217.9814.45-3.53
----
0.311.130.82
208318.0314.45-3.57
----
0.311.130.82
208418.0714.46-3.61
----
0.311.130.82
208518.1114.46-3.65
----
0.321.140.82
208618.1514.47-3.69
----
0.321.140.82
208718.1914.47-3.72
----
0.321.140.82



 

Summarized Estimates

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

Year of reserve
depletion
1

Cost
rate
Income
rate
Actuarial
balance
 
Based on Intermediate Assumptions of the 2012 Trustees Report.
2012-2086 16.80% 14.77% -2.03%
2035
0.11% 0.75% 0.63%
 
1 Under present law, the year of Trust Fund reserve depletion is 2033.

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Last reviewed or modified February 20, 2013