SOCIAL SECURITY ADMINISTRATION BALTIMORE, MD 21235-0001

SOCIAL SECURITY

Office of the Chief Actuary

February 28, 2020

The Honorable Rosa DeLauro

United States House of Representatives

Washington, D.C. 20515

Dear Representative DeLauro:

This letter is in response to your request for our estimates of the financial operations of a new 

federal trust fund assuming enactment of H.R. 1185, the “Family and Medical Insurance Leave 

Act”, or “FAMILY Act”, which you introduced on February 13, 2019. In response to your 

enclosed letter dated February 5, this letter expands on the information we shared in our letter 

dated January 28, 2020 about the payroll tax rate needed to finance the benefits provided in the 

Bill. We have enjoyed working with Elizabeth Albertine of your staff in understanding the 

specifications and intent for the provisions of this Bill. The estimates provided here reflect the 

combined effort of many in the Office of the Chief Actuary, but particularly Karen Glenn, Chris 

Chaplain, Kyle Burkhalter, Daniel Nickerson, Anna Kirjusina, Michael Clingman, and 

Jacqueline Walsh.

H.R. 1185, hereafter referred to as the Bill, would establish a new trust fund, the Federal Family 

and Medical Leave Insurance (FFMLI) Trust Fund, for financing specified benefits. For workers 

who are eligible, specified benefits based on “qualified caregiving” would start in March 2022. 

Qualified caregiving is defined to include both caregiving for a family member and time off 

work to deal with the worker’s own medical condition, consistent with the definition under the 

Family and Medical Leave Act of 1993 (FMLA). Under the Bill, eligible workers could apply 

for up to 60 full days of family and medical leave benefits for each 365-day period starting with 

the first day of leave. The monthly benefit level would be based on the highest average monthly 

earnings among the three most recent calendar years. Caregiving benefits and administrative 

expenses would be paid out of the FFMLI Trust Fund, and would be financed by a payroll tax

applied to earnings that are taxable under the Social Security (OASDI) program. All expenses 

incurred for benefits and program administration in years 2021 through 2023 would be 

reimbursed by contemporaneous transfers from the General Fund of the Treasury to the FFMLI 

Trust Fund, with these transfers being repaid, with interest, in equal amounts in the following 7 

years (2024 through 2030). The Bill specifies a total payroll tax rate of 0.40 percent on OASDI 

taxable earnings, starting in January 2021. As suggested in our letter of January 28, 2020, the 

scheduled payroll tax rate of 0.40 percent would be insufficient to finance the benefits under the 

Bill. We estimate that a 0.62-percent payroll tax rate would be necessary to adequately finance 

benefits included under the Bill, under the intermediate assumptions of the 2019 Trustees Report. 
Page 2 – The Honorable Rosa DeLauro

The balance of this letter provides further description of our understanding of the specifications 

and intent of the Bill and our estimates of the financial operations and status of the new FFMLI 

Trust Fund established under the Bill, the effects on the federal budget, and the estimated 

numbers of workers paying into the new trust fund and the number drawing benefits from the 

fund on an annual basis through 2093.

Specifications of the Bill

To qualify for a caregiving benefit, a worker must be disability insured by the Social Security 

definition and have earned income during the 12 months prior to the application month. To 

acquire Social Security disability insured status, an individual must have earned at least 20 

quarters of coverage1 (QCs) during the most recent 40 calendar quarters; individuals younger 

than age 31 generally need QCs of at least one-half of the calendar quarters elapsed since

attainment of age 21 with a minimum of six QCs. 

Qualifying conditions for eligibility include those activities covered in the FMLA, such as own 

disability or illness, bonding with a new child (biological, adopted, or as a primary caregiver), 

and care of a family member. Proof of one’s own ailment or the ailment of a family member who

requires caregiving must be provided in the form of a certification from a licensed medical 

professional.

An eligibility waiting period would begin with the first leave day and would end with the earlier 

of the fifth leave day or the end of the month preceding the first month with at least 15 leave 

days. The eligible worker can submit a claim for benefits up to 60 days before the qualifying 

leave is expected to begin, and can receive retroactive benefits for leave days up to 90 days 

before application and receive benefits for a leave day up to 180 days after applying for the 

benefit and meeting all eligibility criteria. The eligible worker may apply for up to 60 full days of 

benefits in any 365-day period. 

A leave day must be one where the beneficiary would normally be working. Benefits under the

Bill cannot be taken for days of employer-paid sick leave, paid time off, or paid vacation.

Individuals receiving benefits from the Social Security Disability Insurance program, federal 

Supplemental Security Income (SSI), and from a state plan based on permanent disability are 

ineligible for benefits under the Bill. In addition, benefits under the Bill are reduced by any 

payments received from a Workers Compensation plan for disability or from unemployment 

insurance. Benefits under the Bill are to be coordinated with benefits for temporary disability or 

paid family leave provided by a state plan. Our understanding of the intent of the Bill is that 

benefits paid under the Bill would not be offset or reduced based on temporary disability or 

family leave benefits from a state plan. In addition, our understanding of the intent of the Bill is 

that benefits under the Bill cannot be used as a basis for reducing any benefits that would 

otherwise be provided by the employer.

 1 A quarter of coverage equals $1,410 in 2020. Individuals can earn up to four QCs each year (for 2020, for 

example, earnings of at least $5,640). The threshold amount for one QC changes based on changes in SSA’s average 

wage index. 
Page 3 – The Honorable Rosa DeLauro

The monthly benefit amount is set at two-thirds of the highest of the average monthly earnings 

among the three most recent calendar years. A minimum monthly benefit of $580 and a 

maximum monthly benefit of $4,000 would apply in 2021, with these amounts indexed in future 

years based on changes in the national average wage index. Benefit payments would begin in 

2022.

The Bill would assess a payroll tax on earnings covered under the Social Security program, up to 

the contribution and benefit base ($137,700 in 2020). Earnings covered under Social Security but 

above this base, as well as earnings not covered under Social Security program, would not be 

taxed. Benefits under the Bill are not subject to personal income taxation. The Bill specifies a 

total payroll tax rate of 0.40 percent of taxable earnings. However, as indicated above, we 

estimate a total payroll tax rate of 0.62 percent of payroll would be required to adequately 

finance the scheduled benefits.

Assumptions

For our estimates, we assume that 35 percent of parents with a new birth or adoption would 

qualify for and would choose to receive a parental leave benefit in the period of eligibility. We 

note that not all new parents would be eligible for these benefits, due to the requirements for 

being insured for disabled worker benefits and not receiving certain specified benefits from the 

state or the employer, in addition to being currently employed. These requirements would make 

about 12 percent of new parents ineligible for these parental leave benefits. Thus, our assumed 

participation rate is equivalent to about 40 percent of eligible new parents. This effective 

participation rate is considerably higher than has been experienced to date in states with similar 

benefits, consistent with our assumption that benefits available under a national plan would be 

better known to those who would be eligible. We assume that these parental leave benefits would 

be received for 2 months on average for each participating parent. 

We also assume that in each year, about 4.6 percent of all covered workers would qualify for and 

receive benefits based on their own medical condition or to care for a family member with 

qualifying medical conditions, for an average of 2 months of benefit receipt. Similar to the 

parental leave benefits, the number of individuals who would be eligible for benefits based on 

their own condition or that of a family member would be considerably fewer than the number of 

covered workers in each year, due to the requirement for being insured for disabled worker 

benefits and not receiving certain specified benefits from the state or the employer. These 

restrictions would make about 12 percent of current Social Security covered workers ineligible 

for benefits based on their own condition or that of a family member. Thus, our assumed 

participation rate for benefits based on own condition or that of a family member is equivalent to 

about 5.2 percent of potentially eligible workers. As with our assumption for participation by 

new parents, our assumption for benefit receipt based on own condition or that of a family 

member is higher than has been experienced in states with similar programs currently in effect.

When the provisions of the Bill are fully implemented, we estimate that about 3.3 million parents 

would receive a parental leave benefit per year, and about 8.5 to 9 million workers would receive 

a benefit based on qualified caregiving per year. Of those 8.5 to 9 million, we estimate that about 
Page 4 – The Honorable Rosa DeLauro

91 percent would receive benefits based on their own medical condition and 9 percent would 

receive benefits based on caring for a family member.

We assume that the administrative expenses for the new program would equal about 7 percent of 

the total benefits paid on an ongoing basis, with additional start-up costs in 2021 and 2022.

Finally, asset reserves of the new FFMLI Trust Fund are assumed to be invested in the same 

manner as and to earn interest at the same rate as the OASI and DI Trust Fund reserves. All 

demographic and economic assumptions are consistent with the intermediate assumptions of the 

2019 Trustees Report.

Results

Table 1, enclosed, presents annual and 75-year-summarized cost rates, income rates, balances, 

and trust fund ratios for the new program assuming enactment of the Bill as introduced. In 2021 

through 2023, when the 0.40-percent payroll tax on OASDI taxable earnings would have been 

implemented and all incurred expenses would be reimbursed with transfers from the General 

Fund of the Treasury, annual balances (net cash flow) for the FFMLI Trust Fund would be 

positive, resulting in a building of trust fund reserves. In years after 2023, the FFMLI Trust Fund 

would experience negative annual balances under the specified 0.40-percent payroll tax rate,

with scheduled benefits and repayment of earlier General Fund transfers in 2024 through 2030. 

FFMLI Trust Fund reserves would become depleted early in 2027, after which time continuing 

tax revenue would be sufficient to finance only about 64 percent of the scheduled benefits.

Table 1b shows annual transfers from and to the General Fund of the Treasury; annual net cash 

flows for the FFMLI Trust Fund; and “off-budget,” “unified budget,” and “on-budget” effects of 

the Bill on a present value basis. The new FFMLI Trust Fund is assumed to be on-budget. 

Amounts are discounted to January 1, 2019 using the projected trust fund interest rates. Table 

1b.n provides the estimated nominal dollar effect of the Bill on transfers from and to the General 

Fund, plus annual budget balances and changes in federal debt for years 2019 through 2029. It 

must be emphasized that the changes shown in this table reflect the budget scoring convention 

that presumes benefits, not fully payable under the law after depletion of trust fund reserves, 

would still be paid using additional revenue provided from the General Fund of the Treasury. 

This presumption of payment of benefits beyond the resources of the trust funds is prohibited 

under current law and is also inconsistent with all past experience for the Social Security and 

Medicare Trust Funds.

Column 1 in Table 1b shows the estimated annual amounts of specified General Fund transfers 

to (in 2021 through 2023) and from the new FFMLI Trust Fund (in years 2024 through 2030). 

Column 2 shows the annual net cash flow for the new FFMLI Trust Fund. Columns 3 through 5 

present the unified budget effects from enactment of the Bill. Column 4 shows that we estimate a 

decrease in publicly held debt of $14.3 billion at the end of 2023. After 2023, small annual 

increases in debt held by the public occur through the end of the projection period, and by the 

end of 2093, we estimate that the accumulated increase in publicly held debt would exceed $1

trillion. Columns 6 and 7 indicate that the Bill would have the same expected direct effects on 

the on-budget cash flow, or on the total federal debt, in the future. 
Page 5 – The Honorable Rosa DeLauro

Table 1b.n shows the same information, but in nominal dollars. In this table, we show nominal

dollar effects through 2029.

The estimates in Tables 1b and 1b.n are based on the baseline assumptions of the 2019 Trustees 

Report and thus differ from what would be estimated under the President’s Budget or the CBO 

baseline assumptions. 

Table 2 shows our estimates of the total number of workers who would be paying taxes to the 

new FFMLI Trust Fund each year, the numbers of new parents, the number of eligible new 

parents, and the number of new parents expected to receive a benefit as a parent in each year, and 

the number of workers potentially eligible for and receiving benefits based on their own medical 

condition or that of a family member, through 2093. The percentages of eligible parents and 

workers receiving a benefit under the Bill are also shown.

We hope these estimates are helpful. Please let us know if we may provide further assistance.

Sincerely,

 Stephen C. Goss, ASA, MAAA

Chief Actuary

Enclosures
Table 1 - Cost Rate, Income Rate, Annual Balance, and Trust Fund Ratio

For the Federal Family and Medical Leave Insurance Trust Fund

Assuming Enactment of the "FAMILY Act," introduced by Representative DeLauro

Year Cost Rate

Income

Rate

Annual

Balance

2019 0.00 0.00 0.00 ----

2020 0.00 0.00 0.00 ----

2021 0.04 0.42 0.38 ----

2022 0.33 0.72 0.40 111

2023 0.62 1.02 0.40 120

2024 0.62 0.25 -0.37 179

2025 0.62 0.26 -0.37 118

2026 0.62 0.26 -0.36 59

2027 0.62 0.27 -0.35 2

2028 0.62 0.27 -0.35 ----

2029 0.62 0.28 -0.35 ----

2030 0.63 0.28 -0.34 ----

2031 0.63 0.40 -0.23 ----

2032 0.63 0.40 -0.23 ----

2033 0.63 0.40 -0.23 ----

2034 0.63 0.40 -0.23 ----

2035 0.63 0.40 -0.23 ----

2036 0.63 0.40 -0.23 ----

2037 0.63 0.40 -0.23 ----

2038 0.63 0.40 -0.23 ----

2039 0.63 0.40 -0.23 ----

2040 0.63 0.40 -0.23 ----

2041 0.63 0.40 -0.23 ----

2042 0.62 0.40 -0.23 ----

2043 0.62 0.40 -0.22 ----

2044 0.62 0.40 -0.22 ----

2045 0.62 0.40 -0.22 ----

2046 0.62 0.40 -0.22 ----

2047 0.62 0.40 -0.22 ----

2048 0.62 0.40 -0.22 ----

2049 0.62 0.40 -0.22 ----

2050 0.62 0.40 -0.22 ----

2051 0.62 0.40 -0.22 ----

2052 0.62 0.40 -0.22 ----

2053 0.62 0.40 -0.22 ----

2054 0.62 0.40 -0.22 ----

2055 0.62 0.40 -0.22 ----

2056 0.62 0.40 -0.22 ----

2057 0.62 0.40 -0.22 ----

2058 0.62 0.40 -0.22 ----

2059 0.62 0.40 -0.22 ----

2060 0.62 0.40 -0.23 ----

2061 0.63 0.40 -0.23 ----

2062 0.63 0.40 -0.23 ----

2063 0.63 0.40 -0.23 ----

2064 0.63 0.40 -0.23 ----

2065 0.63 0.40 -0.23 ----

2066 0.62 0.40 -0.23 ----

2067 0.62 0.40 -0.23 ----

2068 0.62 0.40 -0.22 ----

2069 0.62 0.40 -0.22 ----

2070 0.62 0.40 -0.22 ----

2071 0.62 0.40 -0.22 ----

2072 0.62 0.40 -0.22 ----

2073 0.62 0.40 -0.22 ----

2074 0.62 0.40 -0.22 ----

2075 0.62 0.40 -0.22 ----

2076 0.62 0.40 -0.22 ----

2077 0.62 0.40 -0.22 ----

2078 0.62 0.40 -0.22 ----

2079 0.62 0.40 -0.22 ----

2080 0.62 0.40 -0.22 ----

2081 0.62 0.40 -0.22 ----

2082 0.62 0.40 -0.22 ----

2083 0.62 0.40 -0.22 ----

2084 0.62 0.40 -0.22 ----

2085 0.62 0.40 -0.22 ----

2086 0.62 0.40 -0.22 ----

2087 0.62 0.40 -0.22 ----

2088 0.62 0.40 -0.22 ----

2089 0.62 0.40 -0.22 ----

2090 0.62 0.40 -0.22 ----

2091 0.62 0.40 -0.22 ----

2092 0.62 0.40 -0.22 ----

2093 0.62 0.40 -0.22 ----

2094 0.62 0.40 -0.22 ----

Summarized Rates:

Cost Rate Income Rate

Actuarial 

Balance

2019 - 2093 0.60% 0.39% -0.21% 2027

Office of the Chief Actuary

Based on Intermediate Assumptions of the 2019 OASDI Trustees Report. Social Security Administration

February 28, 2020

Year of reserve 

depletion

Proposal

Expressed as a percentage of current-law

taxable payroll Trust Fund

Ratio

1-1-year
Table 1b - Changes in and Implications for Federal Budget and Debt Due to Implementing Family Act Provisions (Present Value Dollars)

Assuming Enactment of the "FAMILY Act," introduced by Representative DeLauro

Year

Specified 

General Fund 

Transfers1

FFMLI Trust 

Fund

Net Cash Flow

Change

in Annual

Unified Budget

Cash Flow2

Change in

Debt Held

by Public at

End of Year

Change

in Annual

Unified Budget

Balance

Change

in Annual

On Budget

Cash Flow3

Change in Total

Federal Debt

Subject to Limit 

at End of Year

Change

in Annual

On Budget

Balance

(1) (2) (3) (4) (5) (6) (7) (8)

2019 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2020 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2021 3.1 29.4 26.3 -26.3 26.3 26.3 -26.3 26.3

2022 26.0 31.9 5.8 -32.1 6.5 5.8 -32.1 6.5

2023 50.3 32.5 -17.8 -14.3 -16.9 -17.8 -14.3 -16.9

2024 -12.5 -30.8 -18.4 4.1 -18.0 -18.4 4.1 -18.0

2025 -12.1 -30.9 -18.8 22.8 -18.9 -18.8 22.8 -18.9

2026 -11.7 -30.9 -19.1 42.0 -19.8 -19.1 42.0 -19.8

2027 -11.4 -30.8 -19.4 61.4 -20.8 -19.4 61.4 -20.8

2028 -11.0 -30.7 -19.7 81.1 -21.8 -19.7 81.1 -21.8

2029 -10.6 -30.5 -19.9 101.0 -22.9 -19.9 101.0 -22.9

2030 -10.2 -30.2 -20.0 120.9 -24.1 -20.0 120.9 -24.1

2031 0.0 -20.0 -20.0 140.9 -25.2 -20.0 140.9 -25.2

2032 0.0 -19.9 -19.9 160.8 -26.4 -19.9 160.8 -26.4

2033 0.0 -19.7 -19.7 180.5 -27.6 -19.7 180.5 -27.6

2034 0.0 -19.6 -19.6 200.1 -28.4 -19.6 200.1 -28.4

2035 0.0 -19.4 -19.4 219.5 -29.2 -19.4 219.5 -29.2

2036 0.0 -19.3 -19.3 238.8 -30.0 -19.3 238.8 -30.0

2037 0.0 -19.1 -19.1 257.9 -30.8 -19.1 257.9 -30.8

2038 0.0 -18.9 -18.9 276.8 -31.6 -18.9 276.8 -31.6

2039 0.0 -18.7 -18.7 295.5 -32.3 -18.7 295.5 -32.3

2040 0.0 -18.5 -18.5 314.0 -33.0 -18.5 314.0 -33.0

2041 0.0 -18.3 -18.3 332.3 -33.7 -18.3 332.3 -33.7

2042 0.0 -18.0 -18.0 350.3 -34.4 -18.0 350.3 -34.4

2043 0.0 -17.8 -17.8 368.1 -35.0 -17.8 368.1 -35.0

2044 0.0 -17.6 -17.6 385.7 -35.6 -17.6 385.7 -35.6

2045 0.0 -17.3 -17.3 403.0 -36.3 -17.3 403.0 -36.3

2046 0.0 -17.1 -17.1 420.1 -36.9 -17.1 420.1 -36.9

2047 0.0 -16.9 -16.9 437.1 -37.6 -16.9 437.1 -37.6

2048 0.0 -16.7 -16.7 453.8 -38.2 -16.7 453.8 -38.2

2049 0.0 -16.6 -16.6 470.4 -38.9 -16.6 470.4 -38.9

2050 0.0 -16.4 -16.4 486.8 -39.5 -16.4 486.8 -39.5

2051 0.0 -16.3 -16.3 503.2 -40.2 -16.3 503.2 -40.2

2052 0.0 -16.2 -16.2 519.4 -40.9 -16.2 519.4 -40.9

2053 0.0 -16.1 -16.1 535.5 -41.6 -16.1 535.5 -41.6

2054 0.0 -16.0 -16.0 551.5 -42.3 -16.0 551.5 -42.3

2055 0.0 -16.0 -16.0 567.5 -43.1 -16.0 567.5 -43.1

2056 0.0 -15.9 -15.9 583.4 -43.8 -15.9 583.4 -43.8

2057 0.0 -15.8 -15.8 599.2 -44.5 -15.8 599.2 -44.5

2058 0.0 -15.8 -15.8 615.0 -45.2 -15.8 615.0 -45.2

2059 0.0 -15.7 -15.7 630.7 -45.9 -15.7 630.7 -45.9

2060 0.0 -15.6 -15.6 646.3 -46.6 -15.6 646.3 -46.6

2061 0.0 -15.5 -15.5 661.8 -47.2 -15.5 661.8 -47.2

2062 0.0 -15.4 -15.4 677.2 -47.9 -15.4 677.2 -47.9

2063 0.0 -15.3 -15.3 692.4 -48.5 -15.3 692.4 -48.5

2064 0.0 -15.1 -15.1 707.5 -49.1 -15.1 707.5 -49.1

2065 0.0 -15.0 -15.0 722.5 -49.7 -15.0 722.5 -49.7

2066 0.0 -14.8 -14.8 737.3 -50.3 -14.8 737.3 -50.3

2067 0.0 -14.6 -14.6 752.0 -50.9 -14.6 752.0 -50.9

2068 0.0 -14.5 -14.5 766.4 -51.4 -14.5 766.4 -51.4

2069 0.0 -14.3 -14.3 780.7 -51.9 -14.3 780.7 -51.9

2070 0.0 -14.1 -14.1 794.9 -52.5 -14.1 794.9 -52.5

2071 0.0 -14.0 -14.0 808.9 -53.0 -14.0 808.9 -53.0

2072 0.0 -13.8 -13.8 822.7 -53.6 -13.8 822.7 -53.6

2073 0.0 -13.7 -13.7 836.4 -54.1 -13.7 836.4 -54.1

2074 0.0 -13.6 -13.6 850.0 -54.7 -13.6 850.0 -54.7

2075 0.0 -13.4 -13.4 863.4 -55.2 -13.4 863.4 -55.2

2076 0.0 -13.3 -13.3 876.8 -55.7 -13.3 876.8 -55.7

2077 0.0 -13.2 -13.2 890.0 -56.3 -13.2 890.0 -56.3

2078 0.0 -13.1 -13.1 903.0 -56.8 -13.1 903.0 -56.8

2079 0.0 -13.0 -13.0 916.0 -57.3 -13.0 916.0 -57.3

2080 0.0 -12.9 -12.9 928.9 -57.9 -12.9 928.9 -57.9

2081 0.0 -12.8 -12.8 941.7 -58.4 -12.8 941.7 -58.4

2082 0.0 -12.7 -12.7 954.3 -58.9 -12.7 954.3 -58.9

2083 0.0 -12.6 -12.6 966.9 -59.4 -12.6 966.9 -59.4

2084 0.0 -12.4 -12.4 979.3 -59.9 -12.4 979.3 -59.9

2085 0.0 -12.3 -12.3 991.7 -60.4 -12.3 991.7 -60.4

2086 0.0 -12.2 -12.2 1,003.9 -60.9 -12.2 1,003.9 -60.9

2087 0.0 -12.1 -12.1 1,016.0 -61.4 -12.1 1,016.0 -61.4

2088 0.0 -12.0 -12.0 1,028.0 -61.9 -12.0 1,028.0 -61.9

2089 0.0 -11.9 -11.9 1,039.9 -62.4 -11.9 1,039.9 -62.4

2090 0.0 -11.8 -11.8 1,051.6 -62.8 -11.8 1,051.6 -62.8

2091 0.0 -11.7 -11.7 1,063.3 -63.3 -11.7 1,063.3 -63.3

2092 0.0 -11.6 -11.6 1,074.9 -63.8 -11.6 1,074.9 -63.8

2093 0.0 -11.4 -11.4 1,086.3 -64.2 -11.4 1,086.3 -64.2

Total 2019-2093 0.0 -1,086.3 -1,086.3 -1086.3

Based on Intermediate Assumptions of the 2019 Trustees Report.

Ultimate Real Trust Fund Yield of 2.5%.

Note: Changes reflect the budget scoring convention that presumes benefits not payable after reserve depletion would 

 nonetheless be paid, based on transfers from the General Fund of the Treasury resulting in additional borrowing from the public.

1

Reflects General Fund transfers in amounts equal to benefit payments and administrative expenses through 2023, to be repaid by 2030. Office of the Chief Actuary 2

Changes in unified budget cash flows reflect changes in net revenues to the Federal Government arising from the proposal. Social Security Administration 3

The new trust fund created by this proposal is assumed to be "on-budget" for purposes of these estimates. February 28, 2020

Billions of Present Value Dollars as of 1-1-2019
Table 1b.n - Changes in and Implications for Federal Budget and Debt Due to Implementing Family Act Provisions (Nominal Dollars)

Assuming Enactment of the "FAMILY Act," introduced by Representative DeLauro

Year

Specified 

General Fund 

Transfers1

FFMLI Trust 

Fund

Net Cash Flow

Change

in Annual

Unified Budget

Cash Flow2

Change in

Debt Held

by Public at

End of Year

Change

in Annual

Unified Budget

Balance

Change

in Annual

On Budget

Cash Flow3

Change in Total

Federal Debt

Subject to Limit 

at End of Year

Change

in Annual

On Budget

Balance

(1) (2) (3) (4) (5) (6) (7) (8)

2019 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2020 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2021 3.3 31.5 28.2 -28.6 28.6 28.2 -28.6 28.6

2022 28.7 35.1 6.4 -36.4 7.8 6.4 -36.4 7.8

2023 56.9 36.8 -20.1 -18.7 -17.7 -20.1 -18.7 -17.7

2024 -14.5 -35.9 -21.4 0.1 -18.8 -21.4 0.1 -18.8

2025 -14.5 -37.0 -22.5 21.0 -20.9 -22.5 21.0 -20.9

2026 -14.5 -38.1 -23.6 44.0 -23.0 -23.6 44.0 -23.0

2027 -14.5 -39.3 -24.8 69.4 -25.4 -24.8 69.4 -25.4

2028 -14.5 -40.5 -26.0 97.4 -28.1 -26.0 97.4 -28.1

2029 -14.5 -41.8 -27.2 128.6 -31.2 -27.2 128.6 -31.2

Based on Intermediate Assumptions of the 2019 Trustees Report.

Ultimate Real Trust Fund Yield of 2.5%.

Note: Changes reflect the budget scoring convention that presumes benefits not payable after reserve depletion would 

 nonetheless be paid, based on transfers from the General Fund of the Treasury resulting in additional borrowing from the public.

1

Reflects General Fund transfers in amounts equal to benefit payments and administrative expenses through 2023, to be repaid by 2030. Office of the Chief Actuary 2

Changes in unified budget cash flows reflect changes in net revenues to the Federal Government arising from the proposal. Social Security Administration 3

The new trust fund created by this proposal is assumed to be "on-budget" for purposes of these estimates. February 28, 2020

Billions of Nominal Dollars
Table 2 - Estimates of Numbers of Workers and Individuals Eligible for and Receiving Family Benefits

Assuming Enactment of the "FAMILY Act," introduced by Representative DeLauro

Year

OASDI 

Covered 

Workers 

Paying Taxes 

to New Trust 

Fund

Number of 

New 

Parents

Number of 

Eligible New 

Parents

Number of New 

Parents 

Receiving a 

Benefit Under 

Bill

Percent of 

Eligible New 

Parents 

Receiving a 

Benefit 

Number of Insured 

Workers Potentially 

Eligible for Family 

Benefits Based on Own 

or Family Member 

Medical Condition

Number of Eligible 

Workers Receiving 

Family Benefits 

Based on Own or 

Family Member 

Medical Condition

Percent of Eligible 

Workers Receiving 

Family Benefits 

Based on Own or 

Family Member 

Medical Condition

(1) (2) (3) (4) (5) (6) (7) (8)

2019

2020

2021 179.4

2022 180.6 8.7 6.3 1.5 23.9% 132.0 4.1 3.1%

2023 181.8 8.9 7.8 3.1 39.9% 159.5 8.3 5.2%

2024 183.0 9.1 8.0 3.2 39.9% 160.5 8.4 5.2%

2025 183.9 9.2 8.1 3.2 39.9% 161.3 8.4 5.2%

2026 184.7 9.3 8.1 3.2 39.9% 162.0 8.5 5.2%

2027 185.4 9.3 8.2 3.3 39.9% 162.6 8.5 5.2%

2028 186.0 9.3 8.2 3.3 39.9% 163.2 8.5 5.2%

2029 186.6 9.4 8.2 3.3 39.9% 163.7 8.6 5.2%

2030 187.1 9.4 8.2 3.3 39.9% 164.1 8.6 5.2%

2031 187.7 9.4 8.2 3.3 39.9% 164.6 8.6 5.2%

2032 188.2 9.4 8.2 3.3 39.9% 165.1 8.6 5.2%

2033 188.6 9.4 8.3 3.3 39.9% 165.5 8.6 5.2%

2034 189.1 9.4 8.3 3.3 39.9% 165.9 8.7 5.2%

2035 189.6 9.4 8.3 3.3 39.9% 166.3 8.7 5.2%

2036 190.0 9.4 8.3 3.3 39.9% 166.7 8.7 5.2%

2037 190.5 9.4 8.3 3.3 39.9% 167.1 8.7 5.2%

2038 191.0 9.4 8.3 3.3 39.9% 167.6 8.8 5.2%

2039 191.6 9.4 8.3 3.3 39.9% 168.1 8.8 5.2%

2040 192.4 9.4 8.3 3.3 39.9% 168.7 8.8 5.2%

2041 193.1 9.4 8.3 3.3 39.9% 169.4 8.9 5.2%

2042 193.9 9.4 8.3 3.3 39.9% 170.1 8.9 5.2%

2043 194.9 9.4 8.3 3.3 39.9% 171.0 8.9 5.2%

2044 195.9 9.5 8.3 3.3 39.9% 171.8 9.0 5.2%

2045 196.8 9.5 8.3 3.3 39.9% 172.7 9.0 5.2%

2046 197.9 9.5 8.4 3.3 39.9% 173.6 9.1 5.2%

2047 198.9 9.6 8.4 3.3 39.9% 174.5 9.1 5.2%

2048 199.9 9.6 8.4 3.4 39.9% 175.3 9.2 5.2%

2049 200.9 9.7 8.5 3.4 39.9% 176.2 9.2 5.2%

2050 201.9 9.7 8.6 3.4 39.9% 177.1 9.3 5.2%

2051 202.9 9.8 8.6 3.4 39.9% 178.0 9.3 5.2%

2052 203.8 9.9 8.7 3.5 39.9% 178.8 9.3 5.2%

2053 204.8 10.0 8.8 3.5 39.9% 179.7 9.4 5.2%

2054 205.8 10.1 8.9 3.5 39.9% 180.5 9.4 5.2%

2055 206.7 10.2 8.9 3.6 39.9% 181.3 9.5 5.2%

2056 207.6 10.3 9.0 3.6 39.9% 182.1 9.5 5.2%

2057 208.5 10.3 9.1 3.6 39.9% 182.9 9.6 5.2%

2058 209.4 10.4 9.1 3.6 39.9% 183.7 9.6 5.2%

2059 210.3 10.5 9.2 3.7 39.9% 184.4 9.6 5.2%

2060 211.1 10.5 9.2 3.7 39.9% 185.2 9.7 5.2%

2061 211.9 10.6 9.3 3.7 39.9% 185.9 9.7 5.2%

2062 212.7 10.6 9.3 3.7 39.9% 186.6 9.8 5.2%

2063 213.5 10.6 9.3 3.7 39.9% 187.3 9.8 5.2%

2064 214.3 10.7 9.4 3.7 39.9% 188.0 9.8 5.2%

2065 215.1 10.7 9.4 3.7 39.9% 188.7 9.9 5.2%

2066 215.9 10.7 9.4 3.7 39.9% 189.4 9.9 5.2%

2067 216.8 10.7 9.4 3.8 39.9% 190.1 9.9 5.2%

2068 217.6 10.7 9.4 3.8 39.9% 190.9 10.0 5.2%

2069 218.5 10.8 9.4 3.8 39.9% 191.7 10.0 5.2%

2070 219.4 10.8 9.5 3.8 39.9% 192.5 10.1 5.2%

2071 220.3 10.8 9.5 3.8 39.9% 193.3 10.1 5.2%

2072 221.3 10.8 9.5 3.8 39.9% 194.1 10.1 5.2%

2073 222.3 10.8 9.5 3.8 39.9% 195.0 10.2 5.2%

2074 223.3 10.9 9.5 3.8 39.9% 195.9 10.2 5.2%

2075 224.4 10.9 9.6 3.8 39.9% 196.8 10.3 5.2%

2076 225.5 10.9 9.6 3.8 39.9% 197.8 10.3 5.2%

2077 226.5 11.0 9.6 3.8 39.9% 198.7 10.4 5.2%

2078 227.7 11.0 9.7 3.9 39.9% 199.7 10.4 5.2%

2079 228.8 11.1 9.7 3.9 39.9% 200.7 10.5 5.2%

2080 229.9 11.1 9.8 3.9 39.9% 201.7 10.5 5.2%

2081 231.1 11.2 9.8 3.9 39.9% 202.7 10.6 5.2%

2082 232.3 11.3 9.9 3.9 39.9% 203.8 10.7 5.2%

2083 233.5 11.3 9.9 4.0 39.9% 204.8 10.7 5.2%

2084 234.7 11.4 10.0 4.0 39.9% 205.8 10.8 5.2%

2085 235.8 11.4 10.0 4.0 39.9% 206.9 10.8 5.2%

2086 237.0 11.5 10.1 4.0 39.9% 207.9 10.9 5.2%

2087 238.2 11.6 10.1 4.0 39.9% 208.9 10.9 5.2%

2088 239.3 11.6 10.2 4.1 39.9% 209.9 11.0 5.2%

2089 240.5 11.7 10.2 4.1 39.9% 210.9 11.0 5.2%

2090 241.6 11.7 10.3 4.1 39.9% 211.9 11.1 5.2%

2091 242.7 11.8 10.3 4.1 39.9% 212.9 11.1 5.2%

2092 243.8 11.8 10.4 4.1 39.9% 213.9 11.2 5.2%

2093 244.9 11.9 10.4 4.1 39.9% 214.8 11.2 5.2%

Office of the Chief Actuary

Based on Intermediate Assumptions of the 2019 Trustees Report. Social Security Administration

February 28, 2020

Numbers of Individuals in Millions