Year Cost Rate

Income 

Rate

Annual 

Balance

Proposed 

Plan

Present 

Law

2008 11.20 12.77 1.57 359 5,567 5,567 0.0%

2009 11.26 12.81 1.54 369 5,859 5,859 0.0%

2010 11.36 12.82 1.47 379 6,155 6,155 0.0%

2011 11.51 12.84 1.33 387 6,450 6,449 0.0%

2012 11.72 12.87 1.15 393 6,747 6,746 0.0%

2013 11.96 12.90 0.94 397 7,057 7,055 0.0%

2014 12.21 12.91 0.70 399 7,376 7,373 0.0%

2015 12.47 12.93 0.46 400 7,705 7,701 0.1%

2016 12.71 12.95 0.24 399 8,045 8,039 0.1%

2017 12.98 12.97 -0.01 397 8,397 8,390 0.1%

2018 13.24 12.99 -0.25 393 8,766 8,759 0.1%

2019 13.52 13.01 -0.51 387 9,149 9,142 0.1%

2020 13.80 13.03 -0.78 380 9,547 9,539 0.1%

2021 14.08 13.04 -1.04 372 9,959 9,952 0.1%

2022 14.36 13.06 -1.29 363 10,387 10,381 0.1%

2023 14.63 13.08 -1.55 352 10,831 10,827 0.0%

2024 14.89 13.10 -1.79 341 11,297 11,293 0.0%

2025 15.14 13.11 -2.03 328 11,780 11,777 0.0%

2026 15.40 13.13 -2.27 314 12,285 12,284 0.0%

2027 15.64 13.15 -2.49 299 12,811 12,810 0.0%

2028 15.85 13.16 -2.69 284 13,361 13,360 0.0%

2029 16.06 13.17 -2.88 268 13,937 13,937 0.0%

2030 16.23 13.18 -3.05 251 14,539 14,539 0.0%

2031 16.38 13.19 -3.18 234 15,172 15,172 0.0%

2032 16.50 13.20 -3.29 216 15,833 15,833 0.0%

2033 16.59 13.21 -3.38 198 16,528 16,528 0.0%

2034 16.66 13.22 -3.44 180 17,257 17,257 0.0%

2035 16.71 13.22 -3.49 161 18,017 18,017 0.0%

2036 16.75 13.22 -3.52 142 18,810 18,810 0.0%

2037 16.77 13.23 -3.54 123 19,640 19,640 0.0%

2038 16.77 13.23 -3.54 104 20,509 20,509 0.0%

2039 16.75 13.23 -3.52 85 21,420 21,420 0.0%

2040 16.73 13.23 -3.50 65 22,373 22,373 0.0%

2041 16.70 13.23 -3.47 45 23,368 23,368 0.0%

2042 16.67 13.23 -3.44 25 24,408 24,408 0.0%

2043 16.64 13.23 -3.41 5 25,494 25,494 0.0%

2044 16.60 13.23 -3.37 ---- 26,630 26,630 0.0%

2045 16.58 13.23 -3.35 ---- 27,812 27,812 0.0%

2046 16.55 13.23 -3.33 ---- 29,043 29,043 0.0%

2047 16.53 13.23 -3.31 ---- 30,327 30,327 0.0%

2048 16.52 13.23 -3.29 ---- 31,666 31,666 0.0%

2049 16.51 13.23 -3.28 ---- 33,062 33,062 0.0%

2050 16.50 13.23 -3.28 ---- 34,514 34,514 0.0%

2051 16.51 13.23 -3.28 ---- 36,028 36,028 0.0%

2052 16.51 13.23 -3.28 ---- 37,612 37,612 0.0%

2053 16.53 13.23 -3.30 ---- 39,267 39,267 0.0%

2054 16.54 13.23 -3.31 ---- 40,993 40,993 0.0%

2055 16.56 13.23 -3.33 ---- 42,793 42,793 0.0%

2056 16.59 13.24 -3.35 ---- 44,666 44,666 0.0%

2057 16.61 13.24 -3.38 ---- 46,625 46,625 0.0%

2058 16.64 13.24 -3.40 ---- 48,670 48,670 0.0%

2059 16.66 13.24 -3.42 ---- 50,809 50,809 0.0%

2060 16.69 13.24 -3.44 ---- 53,039 53,039 0.0%

2061 16.71 13.25 -3.47 ---- 55,363 55,363 0.0%

2062 16.74 13.25 -3.49 ---- 57,794 57,794 0.0%

2063 16.77 13.25 -3.52 ---- 60,331 60,331 0.0%

2064 16.79 13.25 -3.54 ---- 62,981 62,981 0.0%

2065 16.82 13.25 -3.57 ---- 65,746 65,746 0.0%

Detailed Single Year Tables

Category of Change: Retirement Age

Proposed Provision: Shorten the hiatus in the normal retirement age (start increasing to age 67 for 

those age 62 in 2009)

OASDI Taxable Payroll 

(in billions of dollars)

Increase in 

Taxable 

Payroll over 

Present Law

Expressed as a percentage of taxable payrol Trust Fund 

Ratio 

1-1-year
2066 16.85 13.26 -3.60 ---- 68,626 68,626 0.0%

2067 16.89 13.26 -3.63 ---- 71,635 71,635 0.0%

2068 16.92 13.26 -3.66 ---- 74,778 74,778 0.0%

2069 16.95 13.26 -3.69 ---- 78,052 78,052 0.0%

2070 16.99 13.26 -3.72 ---- 81,460 81,460 0.0%

2071 17.03 13.27 -3.76 ---- 85,014 85,014 0.0%

2072 17.06 13.27 -3.79 ---- 88,734 88,734 0.0%

2073 17.10 13.27 -3.83 ---- 92,613 92,613 0.0%

2074 17.14 13.27 -3.87 ---- 96,656 96,656 0.0%

2075 17.18 13.28 -3.91 ---- 100,875 100,875 0.0%

2076 17.23 13.28 -3.95 ---- 105,268 105,268 0.0%

2077 17.27 13.28 -3.99 ---- 109,853 109,853 0.0%

2078 17.31 13.28 -4.03 ---- 114,625 114,625 0.0%

2079 17.36 13.29 -4.07 ---- 119,604 119,604 0.0%

2080 17.41 13.29 -4.12 ---- 124,794 124,794 0.0%

2081 17.45 13.29 -4.16 ---- 130,212 130,212 0.0%

2082 17.50 13.29 -4.20 ---- 135,862 135,862 0.0%

2083 17.54 13.30 -4.25 ---- 141,756 141,756 0.0%

2084 17.59 13.30 -4.29 ---- 147,912 147,912 0.0%

2085 17.63 13.30 -4.33 ---- 154,350 154,350 0.0%

Summarized Rates: OASDI

2008 Cost Rate Income Rate

Actuarial 

Balance

-2082 15.53% 13.93% -1.60% 0.10%

Office of the Chief Actuary, Social Security

Estimates based on Intermediate Assumptions of the 2008 Trustees Report

Change in 

Actuarial Balance

July 17, 2008