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 11.44 12.81 1.38 369 5,771 5,859 -1.5%

2010 11.54 12.83 1.29 377 6,061 6,155 -1.5%

2011 11.71 12.85 1.14 383 6,350 6,449 -1.5%

2012 11.95 12.88 0.93 387 6,641 6,746 -1.6%

2013 12.22 12.91 0.69 388 6,944 7,055 -1.6%

2014 12.52 12.93 0.41 387 7,256 7,373 -1.6%

2015 12.82 12.95 0.13 384 7,578 7,701 -1.6%

2016 13.14 12.97 -0.16 379 7,910 8,039 -1.6%

2017 13.46 13.00 -0.46 373 8,254 8,390 -1.6%

2018 13.76 13.02 -0.75 365 8,616 8,759 -1.6%

2019 14.07 13.04 -1.03 356 8,991 9,142 -1.7%

2020 14.38 13.06 -1.32 346 9,380 9,539 -1.7%

2021 14.67 13.07 -1.59 334 9,785 9,952 -1.7%

2022 14.94 13.09 -1.85 322 10,205 10,381 -1.7%

2023 15.21 13.11 -2.10 309 10,642 10,827 -1.7%

2024 15.46 13.13 -2.34 295 11,099 11,293 -1.7%

2025 15.71 13.14 -2.57 280 11,573 11,777 -1.7%

2026 15.93 13.16 -2.78 264 12,068 12,284 -1.8%

2027 16.15 13.17 -2.98 247 12,583 12,810 -1.8%

2028 16.36 13.18 -3.17 229 13,121 13,360 -1.8%

2029 16.55 13.20 -3.35 211 13,686 13,937 -1.8%

2030 16.71 13.21 -3.50 192 14,275 14,539 -1.8%

2031 16.85 13.22 -3.63 172 14,894 15,172 -1.8%

2032 16.97 13.23 -3.74 152 15,541 15,833 -1.8%

2033 17.06 13.23 -3.83 132 16,220 16,528 -1.9%

2034 17.12 13.24 -3.88 111 16,933 17,257 -1.9%

2035 17.17 13.24 -3.92 90 17,676 18,017 -1.9%

2036 17.20 13.25 -3.95 68 18,450 18,810 -1.9%

2037 17.21 13.25 -3.96 47 19,261 19,640 -1.9%

2038 17.21 13.25 -3.96 24 20,110 20,509 -1.9%

2039 17.19 13.25 -3.94 2 21,000 21,420 -2.0%

2040 17.16 13.25 -3.90 ---- 21,930 22,373 -2.0%

2041 17.12 13.25 -3.87 ---- 22,901 23,368 -2.0%

2042 17.08 13.25 -3.83 ---- 23,916 24,408 -2.0%

2043 17.04 13.25 -3.79 ---- 24,975 25,494 -2.0%

2044 17.01 13.25 -3.76 ---- 26,084 26,630 -2.1%

2045 16.97 13.25 -3.73 ---- 27,237 27,812 -2.1%

2046 16.95 13.25 -3.70 ---- 28,437 29,043 -2.1%

2047 16.93 13.25 -3.68 ---- 29,688 30,327 -2.1%

2048 16.91 13.25 -3.66 ---- 30,994 31,666 -2.1%

2049 16.89 13.25 -3.65 ---- 32,354 33,062 -2.1%

2050 16.89 13.25 -3.64 ---- 33,769 34,514 -2.2%

2051 16.89 13.25 -3.64 ---- 35,243 36,028 -2.2%

2052 16.90 13.25 -3.65 ---- 36,786 37,612 -2.2%

2053 16.91 13.25 -3.66 ---- 38,397 39,267 -2.2%

2054 16.93 13.25 -3.67 ---- 40,076 40,993 -2.2%

2055 16.95 13.25 -3.70 ---- 41,828 42,793 -2.3%

2056 16.98 13.26 -3.72 ---- 43,650 44,666 -2.3%

2057 17.01 13.26 -3.75 ---- 45,555 46,625 -2.3%

2058 17.04 13.26 -3.78 ---- 47,543 48,670 -2.3%

2059 17.06 13.26 -3.80 ---- 49,623 50,809 -2.3%

2060 17.09 13.26 -3.83 ---- 51,790 53,039 -2.4%

2061 17.12 13.27 -3.86 ---- 54,048 55,363 -2.4%

2062 17.15 13.27 -3.88 ---- 56,409 57,794 -2.4%

2063 17.18 13.27 -3.91 ---- 58,873 60,331 -2.4%

2064 17.21 13.27 -3.94 ---- 61,446 62,981 -2.4%

2065 17.25 13.28 -3.97 ---- 64,129 65,746 -2.5%

Detailed Single Year Tables

Category of Change: Coverage of Employment/Earnings

Proposed Provision: Beginning in 2009, exempt individuals with more than 180 quarters of coverage 

from the OASDI payroll tax.

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 17.28 13.28 -4.00 ---- 66,924 68,626 -2.5%

2067 17.32 13.28 -4.04 ---- 69,842 71,635 -2.5%

2068 17.36 13.28 -4.07 ---- 72,891 74,778 -2.5%

2069 17.39 13.28 -4.11 ---- 76,065 78,052 -2.5%

2070 17.44 13.29 -4.15 ---- 79,368 81,460 -2.6%

2071 17.48 13.29 -4.19 ---- 82,812 85,014 -2.6%

2072 17.52 13.29 -4.23 ---- 86,415 88,734 -2.6%

2073 17.57 13.30 -4.27 ---- 90,171 92,613 -2.6%

2074 17.61 13.30 -4.31 ---- 94,086 96,656 -2.7%

2075 17.66 13.30 -4.36 ---- 98,169 100,875 -2.7%

2076 17.71 13.30 -4.40 ---- 102,421 105,268 -2.7%

2077 17.75 13.31 -4.45 ---- 106,855 109,853 -2.7%

2078 17.80 13.31 -4.50 ---- 111,470 114,625 -2.8%

2079 17.86 13.31 -4.54 ---- 116,284 119,604 -2.8%

2080 17.91 13.32 -4.59 ---- 121,299 124,794 -2.8%

2081 17.96 13.32 -4.64 ---- 126,534 130,212 -2.8%

2082 18.01 13.32 -4.69 ---- 131,990 135,862 -2.8%

2083 18.06 13.32 -4.74 ---- 137,681 141,756 -2.9%

2084 18.12 13.33 -4.79 ---- 143,624 147,912 -2.9%

2085 18.17 13.33 -4.84 ---- 149,836 154,350 -2.9%

Summarized Rates: OASDI

2008 Cost Rate Income Rate

Actuarial 

Balance

-2082 15.95% 13.97% -1.98% -0.28%

Office of the Chief Actuary, Social Security

Estimates based on Intermediate Assumptions of the 2008 Trustees Report

Change in 

Actuarial Balance

November 13, 2008