SOCIAL SECURITY

Office of the Chief Actuary

SOCIAL SECURITY ADMINISTRATION BALTIMORE, MD 21235-0001

May 12, 2010

The Honorable Sam Johnson

The Honorable Kevin Brady

The Honorable Paul Ryan

House of Representatives 

Washington, D.C. 20515

Dear Mr. Johnson, Mr. Brady, and Mr. Ryan:

As you requested in your letter of June 26, 2009, we have updated the estimates of the effect on 

the financial status of the Social Security program for a wide variety of provisions on our web 

site (www.ssa.gov/OACT) consistent with the intermediate baseline projections from the 2009 

Trustees Report. In addition, we have produced estimates for eighteen provisions that you 

outlined in your letter. These provisions would apply a tax on OASDI covered earnings above 

certain thresholds starting in 2017. Working with Kim Hildred, Staff Director, Subcommittee on 

Social Security, Committee on Ways and Means Republicans, we have modified the earnings 

thresholds specified in your letter in order to provide a wider range of options. All estimates are 

based on the intermediate assumptions of the 2009 Trustees Report and reflect our estimates of 

the behavioral response of workers to changes in tax rates.

The provisions you requested, with subsequent modifications, would apply a total tax rate of 2, 

3, or 4 percent for OASDI covered earnings of individuals that exceed annual earnings 

thresholds set at $200,000, $300,000, or $400,000 for 2017. For each provision, the threshold 

would be indexed after 2017 using the national average wage indexing series (AWI) in the same 

manner used to index the current contribution and benefit base (which is projected to be 

$140,400 for 2017 under the intermediate assumptions of the 2009 Trustees Report). For each 

provision, one half of the indicated tax rate would be payable by the employee and the other half 

by the employer. For workers with more than one job in a year, payroll taxes would be withheld 

as if each were the only job (as under current law) with a refund for excess tax paid by the 

employee only at the end of the year. 

Each of the nine specifications above results in two separate provisions, one that would not 

provide credit toward OASDI benefits based on earnings taxed above the new threshold, and one 

that would provide such credit. For the provisions that provide benefit credit, the additional 

earnings would be included for the AIME calculation on a proportional basis. For example, the 

amount of earnings above a $300,000 threshold subject to a 3-percent tax for 2017 would be 

multiplied by the ratio 3/12.4 and added to the earnings up to the current taxable maximum 

amount that are subject to the full 12.4-percent payroll tax rate. 
Page 2 – The Honorable Johnson, Brady, and Ryan

The table below provides our estimates of the effects of these provisions on the OASDI 75-year 

actuarial balance, and on the annual balance (difference between non-interest income and 

program cost) for the 75th projection year (2083). 

Provisions to Apply Payroll Tax for OASDI Covered Earnings Above Thresholds

Estimated Effect on--

75-year 75th year

Actuarial Annual

Balance1 Balance1

Provision (2009-83) (2083)

1a Apply 2 percent tax on earnings over $200,000 in 2017,

 threshold wage indexed after 2017. Give proportional 0.19 0.16

 credit for earnings in AIME for benefit computation.

1b Same as 1a but no additional benefit credit. 0.24 0.30

2a Apply 3 percent tax on earnings over $200,000 in 2017,

 threshold wage indexed after 2017. Give proportional 0.29 0.25

 credit for earnings in AIME for benefit computation.

2b Same as 2a but no additional benefit credit. 0.37 0.45

3a Apply 4 percent tax on earnings over $200,000 in 2017,

 threshold wage indexed after 2017. Give proportional 0.39 0.34

 credit for earnings in AIME for benefit computation.

3b Same as 3a but no additional benefit credit. 0.49 0.61

4a Apply 2 percent tax on earnings over $300,000 in 2017,

 threshold wage indexed after 2017. Give proportional 0.14 0.12

 credit for earnings in AIME for benefit computation.

4b Same as 4a but no additional benefit credit. 0.18 0.23

5a Apply 3 percent tax on earnings over $300,000 in 2017,

 threshold wage indexed after 2017. Give proportional 0.21 0.19

 credit for earnings in AIME for benefit computation.

5b Same as 5a but no additional benefit credit. 0.27 0.34

6a Apply 4 percent tax on earnings over $300,000 in 2017,

 threshold wage indexed after 2017. Give proportional 0.29 0.25

 credit for earnings in AIME for benefit computation.

6b Same as 6a but no additional benefit credit. 0.36 0.45

7a Apply 2 percent tax on earnings over $400,000 in 2017,

 threshold wage indexed after 2017. Give proportional 0.12 0.10

 credit for earnings in AIME for benefit computation.

7b Same as 7a but no additional benefit credit. 0.15 0.18

8a Apply 3 percent tax on earnings over $400,000 in 2017,

 threshold wage indexed after 2017. Give proportional 0.17 0.15

 credit for earnings in AIME for benefit computation.

8b Same as 8a but no additional benefit credit. 0.22 0.28

9a Apply 4 percent tax on earnings over $400,000 in 2017,

 threshold wage indexed after 2017. Give proportional 0.23 0.20

 credit for earnings in AIME for benefit computation.

9b Same as 9a but no additional benefit credit. 0.30 0.37

1 Expressed as a percent of present-law taxable payroll

 Based on intermediate assumptions of the 2009 Trustees Report
Page 3 – The Honorable Johnson, Brady, and Ryan

Enclosed are eighteen tables providing annual estimates of the cost and non-interest income for 

the OASDI program expressed as percents of the current-law OASDI taxable payroll, as well as 

projected trust fund ratios, under the proposals considered here. For comparison purposes we 

have also provided the corresponding 2009 Trustees Report intermediate estimates of these 

values in each table. 

It has been a pleasure working with Kim Hildred in the development of these provisions. Please 

let us know if we may be of any further assistance on this or any other matter.

 

Sincerely,

 Stephen C. Goss

Chief Actuary

Enclosures
Table 1a Financial Estimates for the OASDI Trust Fund Program 

Year Cost Rate

Income 

Rate

Annual 

Balance Cost Rate

Income 

Rate

Annual 

Balance

2009 12.35 12.83 0.48 354 12.35 12.83 0.48 354

2010 12.50 12.87 0.37 360 12.50 12.87 0.37 360

2011 12.37 12.87 0.50 366 12.37 12.87 0.50 366

2012 12.24 12.87 0.63 369 12.24 12.87 0.63 369

2013 12.38 12.90 0.52 367 12.38 12.90 0.52 367

2014 12.62 12.92 0.30 364 12.62 12.92 0.30 364

2015 12.88 12.94 0.06 359 12.88 12.94 0.06 359

2016 13.18 12.96 -0.22 354 13.18 12.96 -0.22 354

2017 13.49 13.26 -0.23 347 13.49 12.98 -0.51 347

2018 13.83 13.28 -0.55 339 13.83 13.00 -0.83 338

2019 14.17 13.30 -0.87 331 14.17 13.02 -1.15 327

2020 14.50 13.32 -1.18 321 14.50 13.04 -1.46 315

2021 14.81 13.34 -1.47 310 14.81 13.06 -1.75 302

2022 15.10 13.36 -1.74 298 15.09 13.08 -2.01 289

2023 15.37 13.38 -1.99 285 15.37 13.10 -2.27 275

2024 15.63 13.39 -2.23 272 15.62 13.12 -2.51 260

2025 15.87 13.41 -2.46 258 15.86 13.13 -2.73 244

2026 16.09 13.43 -2.66 243 16.08 13.15 -2.93 227

2027 16.29 13.44 -2.85 227 16.28 13.16 -3.12 209

2028 16.48 13.46 -3.02 210 16.47 13.17 -3.29 191

2029 16.64 13.47 -3.17 193 16.62 13.19 -3.43 173

2030 16.78 13.48 -3.30 176 16.76 13.20 -3.56 153

2031 16.89 13.49 -3.40 158 16.87 13.21 -3.66 133

2032 16.99 13.50 -3.48 139 16.96 13.22 -3.74 113

2033 17.06 13.51 -3.54 120 17.03 13.23 -3.80 92

2034 17.10 13.52 -3.58 101 17.07 13.23 -3.84 71

2035 17.13 13.52 -3.61 81 17.10 13.24 -3.86 50

2036 17.15 13.53 -3.62 62 17.11 13.24 -3.87 29

2037 17.14 13.53 -3.61 42 17.11 13.25 -3.86 7

2038 17.12 13.54 -3.59 21 17.08 13.25 -3.83 ----

2039 17.08 13.54 -3.55 1 17.04 13.25 -3.79 ----

2040 17.04 13.54 -3.50 ---- 16.99 13.25 -3.74 ----

2041 16.99 13.54 -3.45 ---- 16.94 13.25 -3.69 ----

2042 16.94 13.54 -3.40 ---- 16.88 13.25 -3.64 ----

2043 16.89 13.54 -3.35 ---- 16.83 13.25 -3.58 ----

2044 16.84 13.54 -3.31 ---- 16.79 13.25 -3.54 ----

2045 16.81 13.54 -3.27 ---- 16.75 13.25 -3.50 ----

2046 16.78 13.54 -3.24 ---- 16.72 13.25 -3.47 ----

2047 16.76 13.54 -3.21 ---- 16.69 13.25 -3.44 ----

2048 16.73 13.54 -3.19 ---- 16.66 13.25 -3.41 ----

2049 16.70 13.54 -3.16 ---- 16.63 13.25 -3.38 ----

2050 16.68 13.54 -3.14 ---- 16.61 13.25 -3.36 ----

2051 16.67 13.55 -3.13 ---- 16.59 13.25 -3.34 ----

2052 16.67 13.55 -3.13 ---- 16.59 13.25 -3.34 ----

2053 16.68 13.55 -3.13 ---- 16.59 13.25 -3.34 ----

2054 16.69 13.55 -3.14 ---- 16.60 13.26 -3.34 ----

2055 16.71 13.56 -3.15 ---- 16.62 13.26 -3.36 ----

2056 16.73 13.56 -3.18 ---- 16.64 13.26 -3.38 ----

2057 16.76 13.56 -3.20 ---- 16.66 13.26 -3.40 ----

2058 16.79 13.57 -3.22 ---- 16.68 13.27 -3.42 ----

2059 16.81 13.57 -3.24 ---- 16.70 13.27 -3.44 ----

2060 16.84 13.57 -3.27 ---- 16.73 13.27 -3.45 ----

2061 16.86 13.57 -3.29 ---- 16.75 13.27 -3.48 ----

2062 16.89 13.58 -3.31 ---- 16.77 13.28 -3.50 ----

2063 16.92 13.58 -3.34 ---- 16.80 13.28 -3.52 ----

2064 16.95 13.58 -3.36 ---- 16.83 13.28 -3.55 ----

2065 16.98 13.59 -3.39 ---- 16.86 13.28 -3.57 ----

2066 17.02 13.59 -3.43 ---- 16.89 13.29 -3.61 ----

2067 17.06 13.59 -3.46 ---- 16.93 13.29 -3.64 ----

2068 17.10 13.60 -3.50 ---- 16.97 13.29 -3.67 ----

2069 17.14 13.60 -3.54 ---- 17.01 13.30 -3.71 ----

2070 17.18 13.60 -3.58 ---- 17.05 13.30 -3.75 ----

2071 17.23 13.61 -3.62 ---- 17.09 13.30 -3.79 ----

2072 17.27 13.61 -3.66 ---- 17.14 13.31 -3.83 ----

2073 17.32 13.62 -3.70 ---- 17.18 13.31 -3.87 ----

2074 17.37 13.62 -3.75 ---- 17.23 13.31 -3.92 ----

2075 17.41 13.62 -3.79 ---- 17.27 13.32 -3.96 ----

2076 17.46 13.63 -3.84 ---- 17.32 13.32 -4.00 ----

2077 17.51 13.63 -3.88 ---- 17.37 13.32 -4.05 ----

2078 17.56 13.63 -3.93 ---- 17.42 13.33 -4.10 ----

2079 17.62 13.64 -3.98 ---- 17.47 13.33 -4.14 ----

2080 17.67 13.64 -4.03 ---- 17.53 13.33 -4.19 ----

2081 17.72 13.65 -4.08 ---- 17.58 13.34 -4.24 ----

2082 17.78 13.65 -4.13 ---- 17.63 13.34 -4.29 ----

2083 17.83 13.65 -4.18 ---- 17.68 13.34 -4.34 ----

2084 17.88 13.66 -4.22 ---- 17.73 13.35 -4.39 ----

Summarized Rates: OASDI Summarized Rates: OASDI

2009 Cost Rate Income Rate

Actuarial 

Balance Cost Rate Income Rate

Actuarial 

Balance

-2083 16.07% 14.26% -1.81% 0.19% 16.02% 14.02% -2.00%

Office of the Chief Actuary

Based on Intermediate Assumptions of the 2009 Trustees Report Social Security Administration

May 11, 2010

Proposal Present Law

Expressed as a percentage of taxable payroll Trust Fund 

Ratio 

1-1-year

Change in 

Actuarial 

Balance

Apply 2 percent payroll tax rate on earnings over $200,000 in 2017, with the $200,000 threshold wage-indexed after 2017. Give 

proportional benefit credit for additional earnings in AIME for benefit computation.

Expressed as a percentage of taxable payroll Trust Fund 

Ratio 

1-1-year
Table 1b Financial Estimates for the OASDI Trust Fund Program 

Year Cost Rate

Income 

Rate

Annual 

Balance Cost Rate

Income 

Rate

Annual 

Balance

2009 12.35 12.83 0.48 354 12.35 12.83 0.48 354

2010 12.50 12.87 0.37 360 12.50 12.87 0.37 360

2011 12.37 12.87 0.50 366 12.37 12.87 0.50 366

2012 12.24 12.87 0.63 369 12.24 12.87 0.63 369

2013 12.38 12.90 0.52 367 12.38 12.90 0.52 367

2014 12.62 12.92 0.30 364 12.62 12.92 0.30 364

2015 12.88 12.94 0.06 359 12.88 12.94 0.06 359

2016 13.18 12.96 -0.22 354 13.18 12.96 -0.22 354

2017 13.49 13.26 -0.23 347 13.49 12.98 -0.51 347

2018 13.83 13.28 -0.55 339 13.83 13.00 -0.83 338

2019 14.17 13.30 -0.87 331 14.17 13.02 -1.15 327

2020 14.50 13.32 -1.18 321 14.50 13.04 -1.46 315

2021 14.81 13.34 -1.47 310 14.81 13.06 -1.75 302

2022 15.09 13.36 -1.74 298 15.09 13.08 -2.01 289

2023 15.37 13.38 -1.99 285 15.37 13.10 -2.27 275

2024 15.62 13.39 -2.23 272 15.62 13.12 -2.51 260

2025 15.86 13.41 -2.45 258 15.86 13.13 -2.73 244

2026 16.08 13.43 -2.65 243 16.08 13.15 -2.93 227

2027 16.28 13.44 -2.84 227 16.28 13.16 -3.12 209

2028 16.47 13.45 -3.01 211 16.47 13.17 -3.29 191

2029 16.62 13.47 -3.15 194 16.62 13.19 -3.43 173

2030 16.76 13.48 -3.28 176 16.76 13.20 -3.56 153

2031 16.87 13.49 -3.38 158 16.87 13.21 -3.66 133

2032 16.96 13.50 -3.46 140 16.96 13.22 -3.74 113

2033 17.03 13.51 -3.52 121 17.03 13.23 -3.80 92

2034 17.07 13.51 -3.56 102 17.07 13.23 -3.84 71

2035 17.10 13.52 -3.58 83 17.10 13.24 -3.86 50

2036 17.11 13.52 -3.58 63 17.11 13.24 -3.87 29

2037 17.10 13.53 -3.58 43 17.11 13.25 -3.86 7

2038 17.08 13.53 -3.55 23 17.08 13.25 -3.83 ----

2039 17.04 13.53 -3.51 3 17.04 13.25 -3.79 ----

2040 16.99 13.53 -3.46 ---- 16.99 13.25 -3.74 ----

2041 16.93 13.53 -3.40 ---- 16.94 13.25 -3.69 ----

2042 16.88 13.53 -3.35 ---- 16.88 13.25 -3.64 ----

2043 16.83 13.53 -3.30 ---- 16.83 13.25 -3.58 ----

2044 16.78 13.53 -3.25 ---- 16.79 13.25 -3.54 ----

2045 16.74 13.53 -3.21 ---- 16.75 13.25 -3.50 ----

2046 16.71 13.53 -3.18 ---- 16.72 13.25 -3.47 ----

2047 16.68 13.53 -3.15 ---- 16.69 13.25 -3.44 ----

2048 16.65 13.53 -3.12 ---- 16.66 13.25 -3.41 ----

2049 16.62 13.53 -3.09 ---- 16.63 13.25 -3.38 ----

2050 16.60 13.53 -3.07 ---- 16.61 13.25 -3.36 ----

2051 16.59 13.53 -3.05 ---- 16.59 13.25 -3.34 ----

2052 16.58 13.54 -3.04 ---- 16.59 13.25 -3.34 ----

2053 16.58 13.54 -3.05 ---- 16.59 13.25 -3.34 ----

2054 16.59 13.54 -3.05 ---- 16.60 13.26 -3.34 ----

2055 16.61 13.54 -3.06 ---- 16.62 13.26 -3.36 ----

2056 16.63 13.55 -3.08 ---- 16.64 13.26 -3.38 ----

2057 16.65 13.55 -3.10 ---- 16.66 13.26 -3.40 ----

2058 16.67 13.55 -3.12 ---- 16.68 13.27 -3.42 ----

2059 16.69 13.55 -3.14 ---- 16.70 13.27 -3.44 ----

2060 16.72 13.56 -3.16 ---- 16.73 13.27 -3.45 ----

2061 16.74 13.56 -3.18 ---- 16.75 13.27 -3.48 ----

2062 16.76 13.56 -3.20 ---- 16.77 13.28 -3.50 ----

2063 16.79 13.56 -3.22 ---- 16.80 13.28 -3.52 ----

2064 16.82 13.57 -3.25 ---- 16.83 13.28 -3.55 ----

2065 16.85 13.57 -3.28 ---- 16.86 13.28 -3.57 ----

2066 16.88 13.57 -3.31 ---- 16.89 13.29 -3.61 ----

2067 16.92 13.58 -3.34 ---- 16.93 13.29 -3.64 ----

2068 16.96 13.58 -3.38 ---- 16.97 13.29 -3.67 ----

2069 17.00 13.58 -3.41 ---- 17.01 13.30 -3.71 ----

2070 17.04 13.59 -3.45 ---- 17.05 13.30 -3.75 ----

2071 17.08 13.59 -3.49 ---- 17.09 13.30 -3.79 ----

2072 17.13 13.59 -3.53 ---- 17.14 13.31 -3.83 ----

2073 17.17 13.60 -3.57 ---- 17.18 13.31 -3.87 ----

2074 17.22 13.60 -3.62 ---- 17.23 13.31 -3.92 ----

2075 17.26 13.60 -3.66 ---- 17.27 13.32 -3.96 ----

2076 17.31 13.61 -3.70 ---- 17.32 13.32 -4.00 ----

2077 17.36 13.61 -3.75 ---- 17.37 13.32 -4.05 ----

2078 17.41 13.61 -3.79 ---- 17.42 13.33 -4.10 ----

2079 17.46 13.62 -3.84 ---- 17.47 13.33 -4.14 ----

2080 17.51 13.62 -3.89 ---- 17.53 13.33 -4.19 ----

2081 17.57 13.63 -3.94 ---- 17.58 13.34 -4.24 ----

2082 17.62 13.63 -3.99 ---- 17.63 13.34 -4.29 ----

2083 17.67 13.63 -4.04 ---- 17.68 13.34 -4.34 ----

2084 17.72 13.64 -4.09 ---- 17.73 13.35 -4.39 ----

Summarized Rates: OASDI Summarized Rates: OASDI

2009 Cost Rate Income Rate

Actuarial 

Balance Cost Rate Income Rate

Actuarial 

Balance

-2083 16.01% 14.26% -1.76% 0.24% 16.02% 14.02% -2.00%

Office of the Chief Actuary

Based on Intermediate Assumptions of the 2009 Trustees Report Social Security Administration

May 11, 2010

Present Law

Expressed as a percentage of taxable payroll Trust Fund 

Ratio 

1-1-year

Change in 

Actuarial 

Balance

Apply 2 percent payroll tax rate on earnings over $200,000 in 2017, with the $200,000 threshold wage-indexed after 2017. Give 

no benefit credit for additional earnings in AIME for benefit computation.

Expressed as a percentage of taxable payroll Trust Fund 

Ratio 

1-1-year

Proposal
Table 2a Financial Estimates for the OASDI Trust Fund Program 

Year Cost Rate

Income 

Rate

Annual 

Balance Cost Rate

Income 

Rate

Annual 

Balance

2009 12.35 12.83 0.48 354 12.35 12.83 0.48 354

2010 12.50 12.87 0.37 360 12.50 12.87 0.37 360

2011 12.37 12.87 0.50 366 12.37 12.87 0.50 366

2012 12.24 12.87 0.63 369 12.24 12.87 0.63 369

2013 12.38 12.90 0.52 367 12.38 12.90 0.52 367

2014 12.62 12.92 0.30 364 12.62 12.92 0.30 364

2015 12.88 12.94 0.06 359 12.88 12.94 0.06 359

2016 13.18 12.96 -0.22 354 13.18 12.96 -0.22 354

2017 13.49 13.40 -0.10 347 13.49 12.98 -0.51 347

2018 13.83 13.41 -0.41 340 13.83 13.00 -0.83 338

2019 14.17 13.44 -0.73 333 14.17 13.02 -1.15 327

2020 14.50 13.46 -1.04 323 14.50 13.04 -1.46 315

2021 14.81 13.48 -1.33 313 14.81 13.06 -1.75 302

2022 15.10 13.50 -1.60 302 15.09 13.08 -2.01 289

2023 15.37 13.52 -1.86 291 15.37 13.10 -2.27 275

2024 15.63 13.53 -2.10 278 15.62 13.12 -2.51 260

2025 15.87 13.55 -2.32 265 15.86 13.13 -2.73 244

2026 16.09 13.57 -2.53 251 16.08 13.15 -2.93 227

2027 16.30 13.58 -2.72 236 16.28 13.16 -3.12 209

2028 16.49 13.60 -2.89 220 16.47 13.17 -3.29 191

2029 16.64 13.61 -3.03 204 16.62 13.19 -3.43 173

2030 16.79 13.62 -3.16 187 16.76 13.20 -3.56 153

2031 16.90 13.63 -3.27 170 16.87 13.21 -3.66 133

2032 17.00 13.64 -3.35 152 16.96 13.22 -3.74 113

2033 17.07 13.65 -3.42 134 17.03 13.23 -3.80 92

2034 17.12 13.66 -3.46 116 17.07 13.23 -3.84 71

2035 17.15 13.67 -3.48 97 17.10 13.24 -3.86 50

2036 17.16 13.67 -3.49 78 17.11 13.24 -3.87 29

2037 17.16 13.68 -3.49 59 17.11 13.25 -3.86 7

2038 17.14 13.68 -3.46 40 17.08 13.25 -3.83 ----

2039 17.10 13.68 -3.42 20 17.04 13.25 -3.79 ----

2040 17.06 13.68 -3.38 1 16.99 13.25 -3.74 ----

2041 17.01 13.68 -3.33 ---- 16.94 13.25 -3.69 ----

2042 16.96 13.68 -3.28 ---- 16.88 13.25 -3.64 ----

2043 16.91 13.68 -3.23 ---- 16.83 13.25 -3.58 ----

2044 16.87 13.68 -3.19 ---- 16.79 13.25 -3.54 ----

2045 16.84 13.68 -3.15 ---- 16.75 13.25 -3.50 ----

2046 16.81 13.69 -3.13 ---- 16.72 13.25 -3.47 ----

2047 16.79 13.69 -3.10 ---- 16.69 13.25 -3.44 ----

2048 16.76 13.69 -3.08 ---- 16.66 13.25 -3.41 ----

2049 16.74 13.69 -3.05 ---- 16.63 13.25 -3.38 ----

2050 16.72 13.69 -3.03 ---- 16.61 13.25 -3.36 ----

2051 16.71 13.69 -3.02 ---- 16.59 13.25 -3.34 ----

2052 16.71 13.69 -3.02 ---- 16.59 13.25 -3.34 ----

2053 16.72 13.70 -3.02 ---- 16.59 13.25 -3.34 ----

2054 16.73 13.70 -3.03 ---- 16.60 13.26 -3.34 ----

2055 16.75 13.70 -3.05 ---- 16.62 13.26 -3.36 ----

2056 16.78 13.71 -3.07 ---- 16.64 13.26 -3.38 ----

2057 16.81 13.71 -3.10 ---- 16.66 13.26 -3.40 ----

2058 16.84 13.71 -3.12 ---- 16.68 13.27 -3.42 ----

2059 16.86 13.72 -3.14 ---- 16.70 13.27 -3.44 ----

2060 16.89 13.72 -3.17 ---- 16.73 13.27 -3.45 ----

2061 16.92 13.72 -3.19 ---- 16.75 13.27 -3.48 ----

2062 16.94 13.73 -3.22 ---- 16.77 13.28 -3.50 ----

2063 16.97 13.73 -3.24 ---- 16.80 13.28 -3.52 ----

2064 17.00 13.73 -3.27 ---- 16.83 13.28 -3.55 ----

2065 17.04 13.74 -3.30 ---- 16.86 13.28 -3.57 ----

2066 17.08 13.74 -3.33 ---- 16.89 13.29 -3.61 ----

2067 17.11 13.75 -3.37 ---- 16.93 13.29 -3.64 ----

2068 17.16 13.75 -3.41 ---- 16.97 13.29 -3.67 ----

2069 17.20 13.75 -3.45 ---- 17.01 13.30 -3.71 ----

2070 17.24 13.76 -3.49 ---- 17.05 13.30 -3.75 ----

2071 17.29 13.76 -3.53 ---- 17.09 13.30 -3.79 ----

2072 17.33 13.76 -3.57 ---- 17.14 13.31 -3.83 ----

2073 17.38 13.77 -3.61 ---- 17.18 13.31 -3.87 ----

2074 17.43 13.77 -3.66 ---- 17.23 13.31 -3.92 ----

2075 17.48 13.78 -3.70 ---- 17.27 13.32 -3.96 ----

2076 17.53 13.78 -3.75 ---- 17.32 13.32 -4.00 ----

2077 17.58 13.78 -3.79 ---- 17.37 13.32 -4.05 ----

2078 17.63 13.79 -3.84 ---- 17.42 13.33 -4.10 ----

2079 17.68 13.79 -3.89 ---- 17.47 13.33 -4.14 ----

2080 17.74 13.80 -3.94 ---- 17.53 13.33 -4.19 ----

2081 17.79 13.80 -3.99 ---- 17.58 13.34 -4.24 ----

2082 17.84 13.80 -4.04 ---- 17.63 13.34 -4.29 ----

2083 17.90 13.81 -4.09 ---- 17.68 13.34 -4.34 ----

2084 17.95 13.81 -4.14 ---- 17.73 13.35 -4.39 ----

Summarized Rates: OASDI Summarized Rates: OASDI

2009 Cost Rate Income Rate

Actuarial 

Balance Cost Rate Income Rate

Actuarial 

Balance

-2083 16.10% 14.39% -1.71% 0.29% 16.02% 14.02% -2.00%

Office of the Chief Actuary

Based on Intermediate Assumptions of the 2009 Trustees Report Social Security Administration

May 11, 2010

Trust Fund 

Ratio 

1-1-year

Change in 

Actuarial 

Balance

Apply 3 percent payroll tax rate on earnings over $200,000 in 2017, with the $200,000 threshold wage-indexed after 2017. Give 

proportional benefit credit for additional earnings in AIME for benefit computation.

Expressed as a percentage of taxable payroll Trust Fund 

Ratio 

1-1-year

Proposal Present Law

Expressed as a percentage of taxable payroll
Table 2b Financial Estimates for the OASDI Trust Fund Program 

Year Cost Rate

Income 

Rate

Annual 

Balance Cost Rate

Income 

Rate

Annual 

Balance

2009 12.35 12.83 0.48 354 12.35 12.83 0.48 354

2010 12.50 12.87 0.37 360 12.50 12.87 0.37 360

2011 12.37 12.87 0.50 366 12.37 12.87 0.50 366

2012 12.24 12.87 0.63 369 12.24 12.87 0.63 369

2013 12.38 12.90 0.52 367 12.38 12.90 0.52 367

2014 12.62 12.92 0.30 364 12.62 12.92 0.30 364

2015 12.88 12.94 0.06 359 12.88 12.94 0.06 359

2016 13.18 12.96 -0.22 354 13.18 12.96 -0.22 354

2017 13.49 13.40 -0.10 347 13.49 12.98 -0.51 347

2018 13.83 13.41 -0.41 340 13.83 13.00 -0.83 338

2019 14.17 13.44 -0.73 333 14.17 13.02 -1.15 327

2020 14.50 13.46 -1.04 323 14.50 13.04 -1.46 315

2021 14.81 13.48 -1.33 313 14.81 13.06 -1.75 302

2022 15.09 13.50 -1.60 303 15.09 13.08 -2.01 289

2023 15.37 13.52 -1.85 291 15.37 13.10 -2.27 275

2024 15.62 13.53 -2.09 279 15.62 13.12 -2.51 260

2025 15.86 13.55 -2.31 265 15.86 13.13 -2.73 244

2026 16.08 13.57 -2.51 251 16.08 13.15 -2.93 227

2027 16.28 13.58 -2.70 236 16.28 13.16 -3.12 209

2028 16.47 13.59 -2.87 221 16.47 13.17 -3.29 191

2029 16.62 13.61 -3.01 204 16.62 13.19 -3.43 173

2030 16.76 13.62 -3.14 188 16.76 13.20 -3.56 153

2031 16.87 13.63 -3.24 171 16.87 13.21 -3.66 133

2032 16.96 13.64 -3.32 153 16.96 13.22 -3.74 113

2033 17.03 13.65 -3.38 135 17.03 13.23 -3.80 92

2034 17.07 13.65 -3.42 117 17.07 13.23 -3.84 71

2035 17.10 13.66 -3.44 99 17.10 13.24 -3.86 50

2036 17.11 13.66 -3.44 80 17.11 13.24 -3.87 29

2037 17.10 13.67 -3.43 62 17.11 13.25 -3.86 7

2038 17.08 13.67 -3.41 43 17.08 13.25 -3.83 ----

2039 17.04 13.67 -3.36 23 17.04 13.25 -3.79 ----

2040 16.98 13.67 -3.31 4 16.99 13.25 -3.74 ----

2041 16.93 13.67 -3.26 ---- 16.94 13.25 -3.69 ----

2042 16.88 13.67 -3.21 ---- 16.88 13.25 -3.64 ----

2043 16.83 13.67 -3.15 ---- 16.83 13.25 -3.58 ----

2044 16.78 13.67 -3.11 ---- 16.79 13.25 -3.54 ----

2045 16.74 13.67 -3.07 ---- 16.75 13.25 -3.50 ----

2046 16.71 13.67 -3.03 ---- 16.72 13.25 -3.47 ----

2047 16.68 13.67 -3.00 ---- 16.69 13.25 -3.44 ----

2048 16.65 13.67 -2.97 ---- 16.66 13.25 -3.41 ----

2049 16.62 13.67 -2.94 ---- 16.63 13.25 -3.38 ----

2050 16.60 13.68 -2.92 ---- 16.61 13.25 -3.36 ----

2051 16.58 13.68 -2.91 ---- 16.59 13.25 -3.34 ----

2052 16.58 13.68 -2.90 ---- 16.59 13.25 -3.34 ----

2053 16.58 13.68 -2.90 ---- 16.59 13.25 -3.34 ----

2054 16.59 13.68 -2.91 ---- 16.60 13.26 -3.34 ----

2055 16.60 13.68 -2.92 ---- 16.62 13.26 -3.36 ----

2056 16.62 13.69 -2.93 ---- 16.64 13.26 -3.38 ----

2057 16.64 13.69 -2.95 ---- 16.66 13.26 -3.40 ----

2058 16.67 13.69 -2.97 ---- 16.68 13.27 -3.42 ----

2059 16.69 13.70 -2.99 ---- 16.70 13.27 -3.44 ----

2060 16.71 13.70 -3.01 ---- 16.73 13.27 -3.45 ----

2061 16.73 13.70 -3.03 ---- 16.75 13.27 -3.48 ----

2062 16.76 13.71 -3.05 ---- 16.77 13.28 -3.50 ----

2063 16.78 13.71 -3.07 ---- 16.80 13.28 -3.52 ----

2064 16.81 13.71 -3.10 ---- 16.83 13.28 -3.55 ----

2065 16.84 13.71 -3.13 ---- 16.86 13.28 -3.57 ----

2066 16.88 13.72 -3.16 ---- 16.89 13.29 -3.61 ----

2067 16.91 13.72 -3.19 ---- 16.93 13.29 -3.64 ----

2068 16.95 13.72 -3.23 ---- 16.97 13.29 -3.67 ----

2069 16.99 13.73 -3.26 ---- 17.01 13.30 -3.71 ----

2070 17.03 13.73 -3.30 ---- 17.05 13.30 -3.75 ----

2071 17.07 13.73 -3.34 ---- 17.09 13.30 -3.79 ----

2072 17.12 13.74 -3.38 ---- 17.14 13.31 -3.83 ----

2073 17.16 13.74 -3.42 ---- 17.18 13.31 -3.87 ----

2074 17.21 13.74 -3.46 ---- 17.23 13.31 -3.92 ----

2075 17.26 13.75 -3.51 ---- 17.27 13.32 -3.96 ----

2076 17.30 13.75 -3.55 ---- 17.32 13.32 -4.00 ----

2077 17.35 13.76 -3.60 ---- 17.37 13.32 -4.05 ----

2078 17.40 13.76 -3.64 ---- 17.42 13.33 -4.10 ----

2079 17.45 13.76 -3.69 ---- 17.47 13.33 -4.14 ----

2080 17.51 13.77 -3.74 ---- 17.53 13.33 -4.19 ----

2081 17.56 13.77 -3.79 ---- 17.58 13.34 -4.24 ----

2082 17.61 13.77 -3.84 ---- 17.63 13.34 -4.29 ----

2083 17.66 13.78 -3.89 ---- 17.68 13.34 -4.34 ----

2084 17.72 13.78 -3.93 ---- 17.73 13.35 -4.39 ----

Summarized Rates: OASDI Summarized Rates: OASDI

2009 Cost Rate Income Rate

Actuarial 

Balance Cost Rate Income Rate

Actuarial 

Balance

-2083 16.01% 14.38% -1.63% 0.37% 16.02% 14.02% -2.00%

Office of the Chief Actuary

Based on Intermediate Assumptions of the 2009 Trustees Report Social Security Administration

May 11, 2010

Trust Fund 

Ratio 

1-1-year

Change in 

Actuarial 

Balance

Apply 3 percent payroll tax rate on earnings over $200,000 in 2017, with the $200,000 threshold wage-indexed after 2017. Give 

no benefit credit for additional earnings in AIME for benefit computation.

Expressed as a percentage of taxable payroll Trust Fund 

Ratio 

1-1-year

Proposal Present Law

Expressed as a percentage of taxable payroll
Table 3a Financial Estimates for the OASDI Trust Fund Program 

Year Cost Rate

Income 

Rate

Annual 

Balance Cost Rate

Income 

Rate

Annual 

Balance

2009 12.35 12.83 0.48 354 12.35 12.83 0.48 354

2010 12.50 12.87 0.37 360 12.50 12.87 0.37 360

2011 12.37 12.87 0.50 366 12.37 12.87 0.50 366

2012 12.24 12.87 0.63 369 12.24 12.87 0.63 369

2013 12.38 12.90 0.52 367 12.38 12.90 0.52 367

2014 12.62 12.92 0.30 364 12.62 12.92 0.30 364

2015 12.88 12.94 0.06 359 12.88 12.94 0.06 359

2016 13.18 12.96 -0.22 354 13.18 12.96 -0.22 354

2017 13.49 13.53 0.04 347 13.49 12.98 -0.51 347

2018 13.83 13.55 -0.28 341 13.83 13.00 -0.83 338

2019 14.17 13.58 -0.59 334 14.17 13.02 -1.15 327

2020 14.50 13.60 -0.90 326 14.50 13.04 -1.46 315

2021 14.81 13.62 -1.19 317 14.81 13.06 -1.75 302

2022 15.10 13.64 -1.46 307 15.09 13.08 -2.01 289

2023 15.37 13.66 -1.72 296 15.37 13.10 -2.27 275

2024 15.63 13.67 -1.96 284 15.62 13.12 -2.51 260

2025 15.87 13.69 -2.18 272 15.86 13.13 -2.73 244

2026 16.10 13.71 -2.39 258 16.08 13.15 -2.93 227

2027 16.30 13.72 -2.58 244 16.28 13.16 -3.12 209

2028 16.49 13.74 -2.76 229 16.47 13.17 -3.29 191

2029 16.65 13.75 -2.90 214 16.62 13.19 -3.43 173

2030 16.79 13.76 -3.03 198 16.76 13.20 -3.56 153

2031 16.91 13.78 -3.14 182 16.87 13.21 -3.66 133

2032 17.01 13.79 -3.22 165 16.96 13.22 -3.74 113

2033 17.08 13.79 -3.29 148 17.03 13.23 -3.80 92

2034 17.13 13.80 -3.33 130 17.07 13.23 -3.84 71

2035 17.16 13.81 -3.35 113 17.10 13.24 -3.86 50

2036 17.18 13.81 -3.36 95 17.11 13.24 -3.87 29

2037 17.18 13.82 -3.36 76 17.11 13.25 -3.86 7

2038 17.16 13.82 -3.34 58 17.08 13.25 -3.83 ----

2039 17.12 13.82 -3.30 40 17.04 13.25 -3.79 ----

2040 17.08 13.82 -3.26 21 16.99 13.25 -3.74 ----

2041 17.03 13.83 -3.21 3 16.94 13.25 -3.69 ----

2042 16.99 13.83 -3.16 ---- 16.88 13.25 -3.64 ----

2043 16.94 13.83 -3.11 ---- 16.83 13.25 -3.58 ----

2044 16.90 13.83 -3.07 ---- 16.79 13.25 -3.54 ----

2045 16.87 13.83 -3.04 ---- 16.75 13.25 -3.50 ----

2046 16.84 13.83 -3.01 ---- 16.72 13.25 -3.47 ----

2047 16.82 13.83 -2.99 ---- 16.69 13.25 -3.44 ----

2048 16.80 13.83 -2.96 ---- 16.66 13.25 -3.41 ----

2049 16.77 13.84 -2.94 ---- 16.63 13.25 -3.38 ----

2050 16.76 13.84 -2.92 ---- 16.61 13.25 -3.36 ----

2051 16.75 13.84 -2.91 ---- 16.59 13.25 -3.34 ----

2052 16.75 13.84 -2.91 ---- 16.59 13.25 -3.34 ----

2053 16.76 13.84 -2.92 ---- 16.59 13.25 -3.34 ----

2054 16.78 13.85 -2.93 ---- 16.60 13.26 -3.34 ----

2055 16.80 13.85 -2.95 ---- 16.62 13.26 -3.36 ----

2056 16.82 13.86 -2.97 ---- 16.64 13.26 -3.38 ----

2057 16.85 13.86 -2.99 ---- 16.66 13.26 -3.40 ----

2058 16.88 13.86 -3.02 ---- 16.68 13.27 -3.42 ----

2059 16.91 13.87 -3.04 ---- 16.70 13.27 -3.44 ----

2060 16.94 13.87 -3.07 ---- 16.73 13.27 -3.45 ----

2061 16.97 13.87 -3.09 ---- 16.75 13.27 -3.48 ----

2062 17.00 13.88 -3.12 ---- 16.77 13.28 -3.50 ----

2063 17.03 13.88 -3.14 ---- 16.80 13.28 -3.52 ----

2064 17.06 13.89 -3.17 ---- 16.83 13.28 -3.55 ----

2065 17.09 13.89 -3.20 ---- 16.86 13.28 -3.57 ----

2066 17.13 13.89 -3.24 ---- 16.89 13.29 -3.61 ----

2067 17.17 13.90 -3.27 ---- 16.93 13.29 -3.64 ----

2068 17.21 13.90 -3.31 ---- 16.97 13.29 -3.67 ----

2069 17.26 13.90 -3.35 ---- 17.01 13.30 -3.71 ----

2070 17.30 13.91 -3.39 ---- 17.05 13.30 -3.75 ----

2071 17.35 13.91 -3.44 ---- 17.09 13.30 -3.79 ----

2072 17.39 13.92 -3.48 ---- 17.14 13.31 -3.83 ----

2073 17.44 13.92 -3.52 ---- 17.18 13.31 -3.87 ----

2074 17.49 13.92 -3.57 ---- 17.23 13.31 -3.92 ----

2075 17.54 13.93 -3.61 ---- 17.27 13.32 -3.96 ----

2076 17.59 13.93 -3.66 ---- 17.32 13.32 -4.00 ----

2077 17.64 13.94 -3.70 ---- 17.37 13.32 -4.05 ----

2078 17.69 13.94 -3.75 ---- 17.42 13.33 -4.10 ----

2079 17.75 13.95 -3.80 ---- 17.47 13.33 -4.14 ----

2080 17.80 13.95 -3.85 ---- 17.53 13.33 -4.19 ----

2081 17.85 13.95 -3.90 ---- 17.58 13.34 -4.24 ----

2082 17.91 13.96 -3.95 ---- 17.63 13.34 -4.29 ----

2083 17.96 13.96 -4.00 ---- 17.68 13.34 -4.34 ----

2084 18.01 13.97 -4.05 ---- 17.73 13.35 -4.39 ----

Summarized Rates: OASDI Summarized Rates: OASDI

2009 Cost Rate Income Rate

Actuarial 

Balance Cost Rate Income Rate

Actuarial 

Balance

-2083 16.12% 14.51% -1.61% 0.39% 16.02% 14.02% -2.00%

Office of the Chief Actuary

Based on Intermediate Assumptions of the 2009 Trustees Report Social Security Administration

May 11, 2010

Trust Fund 

Ratio 

1-1-year

Change in 

Actuarial 

Balance

Apply 4 percent payroll tax rate on earnings over $200,000 in 2017, with the $200,000 threshold wage-indexed after 2017. Give 

proportional benefit credit for additional earnings in AIME for benefit computation.

Expressed as a percentage of taxable payroll Trust Fund 

Ratio 

1-1-year

Proposal Present Law

Expressed as a percentage of taxable payroll
Table 3b Financial Estimates for the OASDI Trust Fund Program 

Year Cost Rate

Income 

Rate

Annual 

Balance Cost Rate

Income 

Rate

Annual 

Balance

2009 12.35 12.83 0.48 354 12.35 12.83 0.48 354

2010 12.50 12.87 0.37 360 12.50 12.87 0.37 360

2011 12.37 12.87 0.50 366 12.37 12.87 0.50 366

2012 12.24 12.87 0.63 369 12.24 12.87 0.63 369

2013 12.38 12.90 0.52 367 12.38 12.90 0.52 367

2014 12.62 12.92 0.30 364 12.62 12.92 0.30 364

2015 12.88 12.94 0.06 359 12.88 12.94 0.06 359

2016 13.18 12.96 -0.22 354 13.18 12.96 -0.22 354

2017 13.49 13.53 0.04 347 13.49 12.98 -0.51 347

2018 13.83 13.55 -0.28 341 13.83 13.00 -0.83 338

2019 14.17 13.58 -0.59 334 14.17 13.02 -1.15 327

2020 14.50 13.60 -0.90 326 14.50 13.04 -1.46 315

2021 14.81 13.62 -1.19 317 14.81 13.06 -1.75 302

2022 15.09 13.64 -1.46 307 15.09 13.08 -2.01 289

2023 15.36 13.65 -1.71 296 15.37 13.10 -2.27 275

2024 15.62 13.67 -1.95 285 15.62 13.12 -2.51 260

2025 15.86 13.69 -2.17 272 15.86 13.13 -2.73 244

2026 16.08 13.70 -2.37 259 16.08 13.15 -2.93 227

2027 16.28 13.72 -2.56 245 16.28 13.16 -3.12 209

2028 16.46 13.73 -2.73 230 16.47 13.17 -3.29 191

2029 16.62 13.75 -2.87 215 16.62 13.19 -3.43 173

2030 16.76 13.76 -3.00 199 16.76 13.20 -3.56 153

2031 16.87 13.77 -3.10 183 16.87 13.21 -3.66 133

2032 16.96 13.78 -3.18 167 16.96 13.22 -3.74 113

2033 17.03 13.79 -3.24 150 17.03 13.23 -3.80 92

2034 17.07 13.79 -3.27 133 17.07 13.23 -3.84 71

2035 17.09 13.80 -3.29 115 17.10 13.24 -3.86 50

2036 17.10 13.80 -3.30 98 17.11 13.24 -3.87 29

2037 17.10 13.81 -3.29 80 17.11 13.25 -3.86 7

2038 17.07 13.81 -3.26 62 17.08 13.25 -3.83 ----

2039 17.03 13.81 -3.22 44 17.04 13.25 -3.79 ----

2040 16.98 13.81 -3.17 26 16.99 13.25 -3.74 ----

2041 16.93 13.81 -3.12 8 16.94 13.25 -3.69 ----

2042 16.87 13.81 -3.06 ---- 16.88 13.25 -3.64 ----

2043 16.82 13.81 -3.01 ---- 16.83 13.25 -3.58 ----

2044 16.78 13.81 -2.96 ---- 16.79 13.25 -3.54 ----

2045 16.74 13.81 -2.92 ---- 16.75 13.25 -3.50 ----

2046 16.70 13.81 -2.89 ---- 16.72 13.25 -3.47 ----

2047 16.67 13.81 -2.86 ---- 16.69 13.25 -3.44 ----

2048 16.64 13.82 -2.83 ---- 16.66 13.25 -3.41 ----

2049 16.61 13.82 -2.80 ---- 16.63 13.25 -3.38 ----

2050 16.59 13.82 -2.77 ---- 16.61 13.25 -3.36 ----

2051 16.58 13.82 -2.76 ---- 16.59 13.25 -3.34 ----

2052 16.57 13.82 -2.75 ---- 16.59 13.25 -3.34 ----

2053 16.57 13.82 -2.75 ---- 16.59 13.25 -3.34 ----

2054 16.58 13.82 -2.76 ---- 16.60 13.26 -3.34 ----

2055 16.60 13.83 -2.77 ---- 16.62 13.26 -3.36 ----

2056 16.62 13.83 -2.79 ---- 16.64 13.26 -3.38 ----

2057 16.64 13.83 -2.81 ---- 16.66 13.26 -3.40 ----

2058 16.66 13.84 -2.83 ---- 16.68 13.27 -3.42 ----

2059 16.68 13.84 -2.84 ---- 16.70 13.27 -3.44 ----

2060 16.71 13.84 -2.86 ---- 16.73 13.27 -3.45 ----

2061 16.73 13.84 -2.88 ---- 16.75 13.27 -3.48 ----

2062 16.75 13.85 -2.90 ---- 16.77 13.28 -3.50 ----

2063 16.78 13.85 -2.93 ---- 16.80 13.28 -3.52 ----

2064 16.80 13.85 -2.95 ---- 16.83 13.28 -3.55 ----

2065 16.84 13.86 -2.98 ---- 16.86 13.28 -3.57 ----

2066 16.87 13.86 -3.01 ---- 16.89 13.29 -3.61 ----

2067 16.91 13.86 -3.04 ---- 16.93 13.29 -3.64 ----

2068 16.94 13.87 -3.08 ---- 16.97 13.29 -3.67 ----

2069 16.98 13.87 -3.11 ---- 17.01 13.30 -3.71 ----

2070 17.02 13.87 -3.15 ---- 17.05 13.30 -3.75 ----

2071 17.07 13.88 -3.19 ---- 17.09 13.30 -3.79 ----

2072 17.11 13.88 -3.23 ---- 17.14 13.31 -3.83 ----

2073 17.16 13.88 -3.27 ---- 17.18 13.31 -3.87 ----

2074 17.20 13.89 -3.31 ---- 17.23 13.31 -3.92 ----

2075 17.25 13.89 -3.36 ---- 17.27 13.32 -3.96 ----

2076 17.30 13.90 -3.40 ---- 17.32 13.32 -4.00 ----

2077 17.35 13.90 -3.45 ---- 17.37 13.32 -4.05 ----

2078 17.40 13.90 -3.49 ---- 17.42 13.33 -4.10 ----

2079 17.45 13.91 -3.54 ---- 17.47 13.33 -4.14 ----

2080 17.50 13.91 -3.59 ---- 17.53 13.33 -4.19 ----

2081 17.55 13.92 -3.64 ---- 17.58 13.34 -4.24 ----

2082 17.61 13.92 -3.69 ---- 17.63 13.34 -4.29 ----

2083 17.66 13.92 -3.73 ---- 17.68 13.34 -4.34 ----

2084 17.71 13.93 -3.78 ---- 17.73 13.35 -4.39 ----

Summarized Rates: OASDI Summarized Rates: OASDI

2009 Cost Rate Income Rate

Actuarial 

Balance Cost Rate Income Rate

Actuarial 

Balance

-2083 16.01% 14.50% -1.51% 0.49% 16.02% 14.02% -2.00%

Office of the Chief Actuary

Based on Intermediate Assumptions of the 2009 Trustees Report Social Security Administration

May 11, 2010

Trust Fund 

Ratio 

1-1-year

Change in 

Actuarial 

Balance

Apply 4 percent payroll tax rate on earnings over $200,000 in 2017, with the $200,000 threshold wage-indexed after 2017. Give 

no benefit credit for additional earnings in AIME for benefit computation.

Expressed as a percentage of taxable payroll Trust Fund 

Ratio 

1-1-year

Proposal Present Law

Expressed as a percentage of taxable payroll
Table 4a Financial Estimates for the OASDI Trust Fund Program 

Year Cost Rate

Income 

Rate

Annual 

Balance Cost Rate

Income 

Rate

Annual 

Balance

2009 12.35 12.83 0.48 354 12.35 12.83 0.48 354

2010 12.50 12.87 0.37 360 12.50 12.87 0.37 360

2011 12.37 12.87 0.50 366 12.37 12.87 0.50 366

2012 12.24 12.87 0.63 369 12.24 12.87 0.63 369

2013 12.38 12.90 0.52 367 12.38 12.90 0.52 367

2014 12.62 12.92 0.30 364 12.62 12.92 0.30 364

2015 12.88 12.94 0.06 359 12.88 12.94 0.06 359

2016 13.18 12.96 -0.22 354 13.18 12.96 -0.22 354

2017 13.49 13.19 -0.31 347 13.49 12.98 -0.51 347

2018 13.83 13.20 -0.62 339 13.83 13.00 -0.83 338

2019 14.17 13.23 -0.94 330 14.17 13.02 -1.15 327

2020 14.50 13.25 -1.25 319 14.50 13.04 -1.46 315

2021 14.81 13.27 -1.54 308 14.81 13.06 -1.75 302

2022 15.10 13.29 -1.81 296 15.09 13.08 -2.01 289

2023 15.37 13.30 -2.07 283 15.37 13.10 -2.27 275

2024 15.63 13.32 -2.31 269 15.62 13.12 -2.51 260

2025 15.87 13.34 -2.53 254 15.86 13.13 -2.73 244

2026 16.09 13.35 -2.73 239 16.08 13.15 -2.93 227

2027 16.29 13.37 -2.92 222 16.28 13.16 -3.12 209

2028 16.48 13.38 -3.09 205 16.47 13.17 -3.29 191

2029 16.63 13.40 -3.24 188 16.62 13.19 -3.43 173

2030 16.77 13.41 -3.36 170 16.76 13.20 -3.56 153

2031 16.89 13.42 -3.47 151 16.87 13.21 -3.66 133

2032 16.98 13.43 -3.55 132 16.96 13.22 -3.74 113

2033 17.05 13.44 -3.61 113 17.03 13.23 -3.80 92

2034 17.10 13.44 -3.65 93 17.07 13.23 -3.84 71

2035 17.12 13.45 -3.67 73 17.10 13.24 -3.86 50

2036 17.14 13.45 -3.68 53 17.11 13.24 -3.87 29

2037 17.13 13.46 -3.68 32 17.11 13.25 -3.86 7

2038 17.11 13.46 -3.65 12 17.08 13.25 -3.83 ----

2039 17.07 13.46 -3.61 ---- 17.04 13.25 -3.79 ----

2040 17.02 13.46 -3.56 ---- 16.99 13.25 -3.74 ----

2041 16.97 13.46 -3.51 ---- 16.94 13.25 -3.69 ----

2042 16.92 13.46 -3.46 ---- 16.88 13.25 -3.64 ----

2043 16.87 13.46 -3.41 ---- 16.83 13.25 -3.58 ----

2044 16.83 13.46 -3.37 ---- 16.79 13.25 -3.54 ----

2045 16.79 13.46 -3.33 ---- 16.75 13.25 -3.50 ----

2046 16.76 13.46 -3.30 ---- 16.72 13.25 -3.47 ----

2047 16.74 13.47 -3.27 ---- 16.69 13.25 -3.44 ----

2048 16.71 13.47 -3.24 ---- 16.66 13.25 -3.41 ----

2049 16.68 13.47 -3.22 ---- 16.63 13.25 -3.38 ----

2050 16.66 13.47 -3.20 ---- 16.61 13.25 -3.36 ----

2051 16.65 13.47 -3.18 ---- 16.59 13.25 -3.34 ----

2052 16.65 13.47 -3.18 ---- 16.59 13.25 -3.34 ----

2053 16.66 13.47 -3.18 ---- 16.59 13.25 -3.34 ----

2054 16.67 13.48 -3.19 ---- 16.60 13.26 -3.34 ----

2055 16.69 13.48 -3.21 ---- 16.62 13.26 -3.36 ----

2056 16.71 13.48 -3.23 ---- 16.64 13.26 -3.38 ----

2057 16.73 13.49 -3.25 ---- 16.66 13.26 -3.40 ----

2058 16.76 13.49 -3.27 ---- 16.68 13.27 -3.42 ----

2059 16.78 13.49 -3.29 ---- 16.70 13.27 -3.44 ----

2060 16.81 13.49 -3.31 ---- 16.73 13.27 -3.45 ----

2061 16.83 13.50 -3.34 ---- 16.75 13.27 -3.48 ----

2062 16.86 13.50 -3.36 ---- 16.77 13.28 -3.50 ----

2063 16.89 13.50 -3.38 ---- 16.80 13.28 -3.52 ----

2064 16.92 13.51 -3.41 ---- 16.83 13.28 -3.55 ----

2065 16.95 13.51 -3.44 ---- 16.86 13.28 -3.57 ----

2066 16.99 13.51 -3.47 ---- 16.89 13.29 -3.61 ----

2067 17.02 13.52 -3.51 ---- 16.93 13.29 -3.64 ----

2068 17.06 13.52 -3.54 ---- 16.97 13.29 -3.67 ----

2069 17.10 13.52 -3.58 ---- 17.01 13.30 -3.71 ----

2070 17.15 13.53 -3.62 ---- 17.05 13.30 -3.75 ----

2071 17.19 13.53 -3.66 ---- 17.09 13.30 -3.79 ----

2072 17.24 13.53 -3.70 ---- 17.14 13.31 -3.83 ----

2073 17.28 13.54 -3.75 ---- 17.18 13.31 -3.87 ----

2074 17.33 13.54 -3.79 ---- 17.23 13.31 -3.92 ----

2075 17.38 13.54 -3.83 ---- 17.27 13.32 -3.96 ----

2076 17.43 13.55 -3.88 ---- 17.32 13.32 -4.00 ----

2077 17.48 13.55 -3.92 ---- 17.37 13.32 -4.05 ----

2078 17.53 13.56 -3.97 ---- 17.42 13.33 -4.10 ----

2079 17.58 13.56 -4.02 ---- 17.47 13.33 -4.14 ----

2080 17.63 13.56 -4.07 ---- 17.53 13.33 -4.19 ----

2081 17.69 13.57 -4.12 ---- 17.58 13.34 -4.24 ----

2082 17.74 13.57 -4.17 ---- 17.63 13.34 -4.29 ----

2083 17.79 13.57 -4.22 ---- 17.68 13.34 -4.34 ----

2084 17.85 13.58 -4.27 ---- 17.73 13.35 -4.39 ----

Summarized Rates: OASDI Summarized Rates: OASDI

2009 Cost Rate Income Rate

Actuarial 

Balance Cost Rate Income Rate

Actuarial 

Balance

-2083 16.06% 14.20% -1.86% 0.14% 16.02% 14.02% -2.00%

Office of the Chief Actuary

Based on Intermediate Assumptions of the 2009 Trustees Report Social Security Administration

May 11, 2010

Change in 

Actuarial 

Balance

Apply 2 percent payroll tax rate on earnings over $300,000 in 2017, with the $300,000 threshold wage-indexed after 2017. Give 

proportional benefit credit for additional earnings in AIME for benefit computation.

Expressed as a percentage of taxable payroll Trust Fund 

Ratio 

1-1-year

Present Law

Expressed as a percentage of taxable payroll Trust Fund 

Ratio 

1-1-year

Proposal
Table 4b Financial Estimates for the OASDI Trust Fund Program 

Year Cost Rate

Income 

Rate

Annual 

Balance Cost Rate

Income 

Rate

Annual 

Balance

2009 12.35 12.83 0.48 354 12.35 12.83 0.48 354

2010 12.50 12.87 0.37 360 12.50 12.87 0.37 360

2011 12.37 12.87 0.50 366 12.37 12.87 0.50 366

2012 12.24 12.87 0.63 369 12.24 12.87 0.63 369

2013 12.38 12.90 0.52 367 12.38 12.90 0.52 367

2014 12.62 12.92 0.30 364 12.62 12.92 0.30 364

2015 12.88 12.94 0.06 359 12.88 12.94 0.06 359

2016 13.18 12.96 -0.22 354 13.18 12.96 -0.22 354

2017 13.49 13.19 -0.31 347 13.49 12.98 -0.51 347

2018 13.83 13.20 -0.62 339 13.83 13.00 -0.83 338

2019 14.17 13.23 -0.94 330 14.17 13.02 -1.15 327

2020 14.50 13.25 -1.25 319 14.50 13.04 -1.46 315

2021 14.81 13.27 -1.54 308 14.81 13.06 -1.75 302

2022 15.09 13.29 -1.81 296 15.09 13.08 -2.01 289

2023 15.37 13.30 -2.06 283 15.37 13.10 -2.27 275

2024 15.62 13.32 -2.30 269 15.62 13.12 -2.51 260

2025 15.86 13.34 -2.52 254 15.86 13.13 -2.73 244

2026 16.08 13.35 -2.73 239 16.08 13.15 -2.93 227

2027 16.28 13.37 -2.91 223 16.28 13.16 -3.12 209

2028 16.47 13.38 -3.08 206 16.47 13.17 -3.29 191

2029 16.62 13.39 -3.23 188 16.62 13.19 -3.43 173

2030 16.76 13.41 -3.35 170 16.76 13.20 -3.56 153

2031 16.87 13.42 -3.45 152 16.87 13.21 -3.66 133

2032 16.96 13.43 -3.53 133 16.96 13.22 -3.74 113

2033 17.03 13.43 -3.59 114 17.03 13.23 -3.80 92

2034 17.07 13.44 -3.63 94 17.07 13.23 -3.84 71

2035 17.10 13.45 -3.65 74 17.10 13.24 -3.86 50

2036 17.11 13.45 -3.66 54 17.11 13.24 -3.87 29

2037 17.10 13.45 -3.65 34 17.11 13.25 -3.86 7

2038 17.08 13.46 -3.62 13 17.08 13.25 -3.83 ----

2039 17.04 13.46 -3.58 ---- 17.04 13.25 -3.79 ----

2040 16.99 13.46 -3.53 ---- 16.99 13.25 -3.74 ----

2041 16.93 13.46 -3.48 ---- 16.94 13.25 -3.69 ----

2042 16.88 13.46 -3.42 ---- 16.88 13.25 -3.64 ----

2043 16.83 13.46 -3.37 ---- 16.83 13.25 -3.58 ----

2044 16.78 13.46 -3.33 ---- 16.79 13.25 -3.54 ----

2045 16.74 13.46 -3.29 ---- 16.75 13.25 -3.50 ----

2046 16.71 13.46 -3.25 ---- 16.72 13.25 -3.47 ----

2047 16.68 13.46 -3.22 ---- 16.69 13.25 -3.44 ----

2048 16.65 13.46 -3.19 ---- 16.66 13.25 -3.41 ----

2049 16.62 13.46 -3.16 ---- 16.63 13.25 -3.38 ----

2050 16.60 13.46 -3.14 ---- 16.61 13.25 -3.36 ----

2051 16.59 13.46 -3.13 ---- 16.59 13.25 -3.34 ----

2052 16.58 13.46 -3.12 ---- 16.59 13.25 -3.34 ----

2053 16.59 13.46 -3.12 ---- 16.59 13.25 -3.34 ----

2054 16.59 13.47 -3.13 ---- 16.60 13.26 -3.34 ----

2055 16.61 13.47 -3.14 ---- 16.62 13.26 -3.36 ----

2056 16.63 13.47 -3.16 ---- 16.64 13.26 -3.38 ----

2057 16.65 13.48 -3.18 ---- 16.66 13.26 -3.40 ----

2058 16.67 13.48 -3.20 ---- 16.68 13.27 -3.42 ----

2059 16.70 13.48 -3.22 ---- 16.70 13.27 -3.44 ----

2060 16.72 13.48 -3.24 ---- 16.73 13.27 -3.45 ----

2061 16.74 13.49 -3.26 ---- 16.75 13.27 -3.48 ----

2062 16.77 13.49 -3.28 ---- 16.77 13.28 -3.50 ----

2063 16.79 13.49 -3.30 ---- 16.80 13.28 -3.52 ----

2064 16.82 13.49 -3.32 ---- 16.83 13.28 -3.55 ----

2065 16.85 13.50 -3.35 ---- 16.86 13.28 -3.57 ----

2066 16.88 13.50 -3.38 ---- 16.89 13.29 -3.61 ----

2067 16.92 13.50 -3.42 ---- 16.93 13.29 -3.64 ----

2068 16.96 13.51 -3.45 ---- 16.97 13.29 -3.67 ----

2069 17.00 13.51 -3.49 ---- 17.01 13.30 -3.71 ----

2070 17.04 13.51 -3.53 ---- 17.05 13.30 -3.75 ----

2071 17.08 13.52 -3.57 ---- 17.09 13.30 -3.79 ----

2072 17.13 13.52 -3.61 ---- 17.14 13.31 -3.83 ----

2073 17.17 13.52 -3.65 ---- 17.18 13.31 -3.87 ----

2074 17.22 13.53 -3.69 ---- 17.23 13.31 -3.92 ----

2075 17.27 13.53 -3.73 ---- 17.27 13.32 -3.96 ----

2076 17.31 13.53 -3.78 ---- 17.32 13.32 -4.00 ----

2077 17.36 13.54 -3.82 ---- 17.37 13.32 -4.05 ----

2078 17.41 13.54 -3.87 ---- 17.42 13.33 -4.10 ----

2079 17.46 13.54 -3.92 ---- 17.47 13.33 -4.14 ----

2080 17.52 13.55 -3.97 ---- 17.53 13.33 -4.19 ----

2081 17.57 13.55 -4.02 ---- 17.58 13.34 -4.24 ----

2082 17.62 13.56 -4.07 ---- 17.63 13.34 -4.29 ----

2083 17.67 13.56 -4.11 ---- 17.68 13.34 -4.34 ----

2084 17.73 13.56 -4.16 ---- 17.73 13.35 -4.39 ----

Summarized Rates: OASDI Summarized Rates: OASDI

2009 Cost Rate Income Rate

Actuarial 

Balance Cost Rate Income Rate

Actuarial 

Balance

-2083 16.01% 14.19% -1.82% 0.18% 16.02% 14.02% -2.00%

Office of the Chief Actuary

Based on Intermediate Assumptions of the 2009 Trustees Report Social Security Administration

May 11, 2010

Change in 

Actuarial 

Balance

Apply 2 percent payroll tax rate on earnings over $300,000 in 2017, with the $300,000 threshold wage-indexed after 2017. Give 

no benefit credit for additional earnings in AIME for benefit computation.

Expressed as a percentage of taxable payroll Trust Fund 

Ratio 

1-1-year

Present Law

Expressed as a percentage of taxable payroll Trust Fund 

Ratio 

1-1-year

Proposal
Table 5a Financial Estimates for the OASDI Trust Fund Program 

Year Cost Rate

Income 

Rate

Annual 

Balance Cost Rate

Income 

Rate

Annual 

Balance

2009 12.35 12.83 0.48 354 12.35 12.83 0.48 354

2010 12.50 12.87 0.37 360 12.50 12.87 0.37 360

2011 12.37 12.87 0.50 366 12.37 12.87 0.50 366

2012 12.24 12.87 0.63 369 12.24 12.87 0.63 369

2013 12.38 12.90 0.52 367 12.38 12.90 0.52 367

2014 12.62 12.92 0.30 364 12.62 12.92 0.30 364

2015 12.88 12.94 0.06 359 12.88 12.94 0.06 359

2016 13.18 12.96 -0.22 354 13.18 12.96 -0.22 354

2017 13.49 13.29 -0.21 347 13.49 12.98 -0.51 347

2018 13.83 13.31 -0.52 340 13.83 13.00 -0.83 338

2019 14.17 13.33 -0.84 331 14.17 13.02 -1.15 327

2020 14.50 13.35 -1.15 321 14.50 13.04 -1.46 315

2021 14.81 13.37 -1.44 310 14.81 13.06 -1.75 302

2022 15.10 13.39 -1.71 299 15.09 13.08 -2.01 289

2023 15.37 13.41 -1.96 287 15.37 13.10 -2.27 275

2024 15.63 13.43 -2.20 273 15.62 13.12 -2.51 260

2025 15.87 13.44 -2.43 259 15.86 13.13 -2.73 244

2026 16.09 13.46 -2.63 244 16.08 13.15 -2.93 227

2027 16.29 13.47 -2.82 229 16.28 13.16 -3.12 209

2028 16.48 13.49 -3.00 212 16.47 13.17 -3.29 191

2029 16.64 13.50 -3.14 196 16.62 13.19 -3.43 173

2030 16.78 13.51 -3.27 178 16.76 13.20 -3.56 153

2031 16.89 13.52 -3.37 160 16.87 13.21 -3.66 133

2032 16.99 13.53 -3.45 142 16.96 13.22 -3.74 113

2033 17.06 13.54 -3.52 123 17.03 13.23 -3.80 92

2034 17.11 13.55 -3.56 104 17.07 13.23 -3.84 71

2035 17.13 13.56 -3.58 85 17.10 13.24 -3.86 50

2036 17.15 13.56 -3.59 65 17.11 13.24 -3.87 29

2037 17.15 13.56 -3.58 45 17.11 13.25 -3.86 7

2038 17.13 13.57 -3.56 25 17.08 13.25 -3.83 ----

2039 17.09 13.57 -3.52 5 17.04 13.25 -3.79 ----

2040 17.04 13.57 -3.47 ---- 16.99 13.25 -3.74 ----

2041 16.99 13.57 -3.42 ---- 16.94 13.25 -3.69 ----

2042 16.94 13.57 -3.37 ---- 16.88 13.25 -3.64 ----

2043 16.89 13.57 -3.32 ---- 16.83 13.25 -3.58 ----

2044 16.85 13.57 -3.28 ---- 16.79 13.25 -3.54 ----

2045 16.82 13.57 -3.24 ---- 16.75 13.25 -3.50 ----

2046 16.79 13.57 -3.21 ---- 16.72 13.25 -3.47 ----

2047 16.76 13.57 -3.19 ---- 16.69 13.25 -3.44 ----

2048 16.74 13.58 -3.16 ---- 16.66 13.25 -3.41 ----

2049 16.71 13.58 -3.13 ---- 16.63 13.25 -3.38 ----

2050 16.69 13.58 -3.12 ---- 16.61 13.25 -3.36 ----

2051 16.68 13.58 -3.10 ---- 16.59 13.25 -3.34 ----

2052 16.68 13.58 -3.10 ---- 16.59 13.25 -3.34 ----

2053 16.69 13.58 -3.10 ---- 16.59 13.25 -3.34 ----

2054 16.70 13.59 -3.11 ---- 16.60 13.26 -3.34 ----

2055 16.72 13.59 -3.13 ---- 16.62 13.26 -3.36 ----

2056 16.74 13.59 -3.15 ---- 16.64 13.26 -3.38 ----

2057 16.77 13.60 -3.17 ---- 16.66 13.26 -3.40 ----

2058 16.80 13.60 -3.20 ---- 16.68 13.27 -3.42 ----

2059 16.82 13.60 -3.22 ---- 16.70 13.27 -3.44 ----

2060 16.85 13.61 -3.24 ---- 16.73 13.27 -3.45 ----

2061 16.87 13.61 -3.27 ---- 16.75 13.27 -3.48 ----

2062 16.90 13.61 -3.29 ---- 16.77 13.28 -3.50 ----

2063 16.93 13.62 -3.31 ---- 16.80 13.28 -3.52 ----

2064 16.96 13.62 -3.34 ---- 16.83 13.28 -3.55 ----

2065 16.99 13.62 -3.37 ---- 16.86 13.28 -3.57 ----

2066 17.03 13.63 -3.40 ---- 16.89 13.29 -3.61 ----

2067 17.07 13.63 -3.44 ---- 16.93 13.29 -3.64 ----

2068 17.11 13.63 -3.48 ---- 16.97 13.29 -3.67 ----

2069 17.15 13.64 -3.51 ---- 17.01 13.30 -3.71 ----

2070 17.19 13.64 -3.55 ---- 17.05 13.30 -3.75 ----

2071 17.24 13.64 -3.60 ---- 17.09 13.30 -3.79 ----

2072 17.29 13.65 -3.64 ---- 17.14 13.31 -3.83 ----

2073 17.33 13.65 -3.68 ---- 17.18 13.31 -3.87 ----

2074 17.38 13.66 -3.72 ---- 17.23 13.31 -3.92 ----

2075 17.43 13.66 -3.77 ---- 17.27 13.32 -3.96 ----

2076 17.48 13.66 -3.81 ---- 17.32 13.32 -4.00 ----

2077 17.53 13.67 -3.86 ---- 17.37 13.32 -4.05 ----

2078 17.58 13.67 -3.91 ---- 17.42 13.33 -4.10 ----

2079 17.63 13.67 -3.96 ---- 17.47 13.33 -4.14 ----

2080 17.68 13.68 -4.01 ---- 17.53 13.33 -4.19 ----

2081 17.74 13.68 -4.06 ---- 17.58 13.34 -4.24 ----

2082 17.79 13.69 -4.11 ---- 17.63 13.34 -4.29 ----

2083 17.85 13.69 -4.16 ---- 17.68 13.34 -4.34 ----

2084 17.90 13.69 -4.20 ---- 17.73 13.35 -4.39 ----

Summarized Rates: OASDI Summarized Rates: OASDI

2009 Cost Rate Income Rate

Actuarial 

Balance Cost Rate Income Rate

Actuarial 

Balance

-2083 16.08% 14.29% -1.79% 0.21% 16.02% 14.02% -2.00%

Office of the Chief Actuary

Based on Intermediate Assumptions of the 2009 Trustees Report Social Security Administration

May 11, 2010

Change in 

Actuarial 

Balance

Apply 3 percent payroll tax rate on earnings over $300,000 in 2017, with the $300,000 threshold wage-indexed after 2017. Give 

proportional benefit credit for additional earnings in AIME for benefit computation.

Expressed as a percentage of taxable payroll Trust Fund 

Ratio 

1-1-year

Present Law

Expressed as a percentage of taxable payroll Trust Fund 

Ratio 

1-1-year

Proposal
Table 5b Financial Estimates for the OASDI Trust Fund Program 

Year Cost Rate

Income 

Rate

Annual 

Balance Cost Rate

Income 

Rate

Annual 

Balance

2009 12.35 12.83 0.48 354 12.35 12.83 0.48 354

2010 12.50 12.87 0.37 360 12.50 12.87 0.37 360

2011 12.37 12.87 0.50 366 12.37 12.87 0.50 366

2012 12.24 12.87 0.63 369 12.24 12.87 0.63 369

2013 12.38 12.90 0.52 367 12.38 12.90 0.52 367

2014 12.62 12.92 0.30 364 12.62 12.92 0.30 364

2015 12.88 12.94 0.06 359 12.88 12.94 0.06 359

2016 13.18 12.96 -0.22 354 13.18 12.96 -0.22 354

2017 13.49 13.29 -0.21 347 13.49 12.98 -0.51 347

2018 13.83 13.31 -0.52 340 13.83 13.00 -0.83 338

2019 14.17 13.33 -0.84 331 14.17 13.02 -1.15 327

2020 14.50 13.35 -1.15 321 14.50 13.04 -1.46 315

2021 14.81 13.37 -1.44 311 14.81 13.06 -1.75 302

2022 15.09 13.39 -1.71 299 15.09 13.08 -2.01 289

2023 15.37 13.41 -1.96 287 15.37 13.10 -2.27 275

2024 15.62 13.42 -2.20 274 15.62 13.12 -2.51 260

2025 15.86 13.44 -2.42 260 15.86 13.13 -2.73 244

2026 16.08 13.46 -2.62 245 16.08 13.15 -2.93 227

2027 16.28 13.47 -2.81 229 16.28 13.16 -3.12 209

2028 16.47 13.49 -2.98 213 16.47 13.17 -3.29 191

2029 16.62 13.50 -3.12 196 16.62 13.19 -3.43 173

2030 16.76 13.51 -3.25 179 16.76 13.20 -3.56 153

2031 16.87 13.52 -3.35 161 16.87 13.21 -3.66 133

2032 16.96 13.53 -3.43 143 16.96 13.22 -3.74 113

2033 17.03 13.54 -3.49 124 17.03 13.23 -3.80 92

2034 17.07 13.55 -3.53 105 17.07 13.23 -3.84 71

2035 17.10 13.55 -3.55 86 17.10 13.24 -3.86 50

2036 17.11 13.55 -3.55 67 17.11 13.24 -3.87 29

2037 17.10 13.56 -3.54 47 17.11 13.25 -3.86 7

2038 17.08 13.56 -3.52 27 17.08 13.25 -3.83 ----

2039 17.04 13.56 -3.47 7 17.04 13.25 -3.79 ----

2040 16.99 13.56 -3.42 ---- 16.99 13.25 -3.74 ----

2041 16.93 13.56 -3.37 ---- 16.94 13.25 -3.69 ----

2042 16.88 13.56 -3.32 ---- 16.88 13.25 -3.64 ----

2043 16.83 13.56 -3.26 ---- 16.83 13.25 -3.58 ----

2044 16.78 13.56 -3.22 ---- 16.79 13.25 -3.54 ----

2045 16.74 13.56 -3.18 ---- 16.75 13.25 -3.50 ----

2046 16.71 13.56 -3.15 ---- 16.72 13.25 -3.47 ----

2047 16.68 13.56 -3.12 ---- 16.69 13.25 -3.44 ----

2048 16.65 13.56 -3.09 ---- 16.66 13.25 -3.41 ----

2049 16.62 13.56 -3.06 ---- 16.63 13.25 -3.38 ----

2050 16.60 13.57 -3.03 ---- 16.61 13.25 -3.36 ----

2051 16.59 13.57 -3.02 ---- 16.59 13.25 -3.34 ----

2052 16.58 13.57 -3.01 ---- 16.59 13.25 -3.34 ----

2053 16.58 13.57 -3.01 ---- 16.59 13.25 -3.34 ----

2054 16.59 13.57 -3.02 ---- 16.60 13.26 -3.34 ----

2055 16.61 13.57 -3.03 ---- 16.62 13.26 -3.36 ----

2056 16.63 13.58 -3.05 ---- 16.64 13.26 -3.38 ----

2057 16.65 13.58 -3.07 ---- 16.66 13.26 -3.40 ----

2058 16.67 13.58 -3.09 ---- 16.68 13.27 -3.42 ----

2059 16.69 13.59 -3.11 ---- 16.70 13.27 -3.44 ----

2060 16.71 13.59 -3.13 ---- 16.73 13.27 -3.45 ----

2061 16.74 13.59 -3.15 ---- 16.75 13.27 -3.48 ----

2062 16.76 13.60 -3.17 ---- 16.77 13.28 -3.50 ----

2063 16.79 13.60 -3.19 ---- 16.80 13.28 -3.52 ----

2064 16.81 13.60 -3.21 ---- 16.83 13.28 -3.55 ----

2065 16.85 13.60 -3.24 ---- 16.86 13.28 -3.57 ----

2066 16.88 13.61 -3.27 ---- 16.89 13.29 -3.61 ----

2067 16.92 13.61 -3.31 ---- 16.93 13.29 -3.64 ----

2068 16.95 13.61 -3.34 ---- 16.97 13.29 -3.67 ----

2069 16.99 13.62 -3.38 ---- 17.01 13.30 -3.71 ----

2070 17.04 13.62 -3.42 ---- 17.05 13.30 -3.75 ----

2071 17.08 13.62 -3.46 ---- 17.09 13.30 -3.79 ----

2072 17.12 13.63 -3.50 ---- 17.14 13.31 -3.83 ----

2073 17.17 13.63 -3.54 ---- 17.18 13.31 -3.87 ----

2074 17.21 13.63 -3.58 ---- 17.23 13.31 -3.92 ----

2075 17.26 13.64 -3.62 ---- 17.27 13.32 -3.96 ----

2076 17.31 13.64 -3.67 ---- 17.32 13.32 -4.00 ----

2077 17.36 13.65 -3.71 ---- 17.37 13.32 -4.05 ----

2078 17.41 13.65 -3.76 ---- 17.42 13.33 -4.10 ----

2079 17.46 13.65 -3.81 ---- 17.47 13.33 -4.14 ----

2080 17.51 13.66 -3.86 ---- 17.53 13.33 -4.19 ----

2081 17.56 13.66 -3.90 ---- 17.58 13.34 -4.24 ----

2082 17.62 13.66 -3.95 ---- 17.63 13.34 -4.29 ----

2083 17.67 13.67 -4.00 ---- 17.68 13.34 -4.34 ----

2084 17.72 13.67 -4.05 ---- 17.73 13.35 -4.39 ----

Summarized Rates: OASDI Summarized Rates: OASDI

2009 Cost Rate Income Rate

Actuarial 

Balance Cost Rate Income Rate

Actuarial 

Balance

-2083 16.01% 14.28% -1.73% 0.27% 16.02% 14.02% -2.00%

Office of the Chief Actuary

Based on Intermediate Assumptions of the 2009 Trustees Report Social Security Administration

May 11, 2010

Change in 

Actuarial 

Balance

Apply 3 percent payroll tax rate on earnings over $300,000 in 2017, with the $300,000 threshold wage-indexed after 2017. Give 

no benefit credit for additional earnings in AIME for benefit computation.

Expressed as a percentage of taxable payroll Trust Fund 

Ratio 

1-1-year

Present Law

Expressed as a percentage of taxable payroll Trust Fund 

Ratio 

1-1-year

Proposal
Table 6a Financial Estimates for the OASDI Trust Fund Program 

Year Cost Rate

Income 

Rate

Annual 

Balance Cost Rate

Income 

Rate

Annual 

Balance

2009 12.35 12.83 0.48 354 12.35 12.83 0.48 354

2010 12.50 12.87 0.37 360 12.50 12.87 0.37 360

2011 12.37 12.87 0.50 366 12.37 12.87 0.50 366

2012 12.24 12.87 0.63 369 12.24 12.87 0.63 369

2013 12.38 12.90 0.52 367 12.38 12.90 0.52 367

2014 12.62 12.92 0.30 364 12.62 12.92 0.30 364

2015 12.88 12.94 0.06 359 12.88 12.94 0.06 359

2016 13.18 12.96 -0.22 354 13.18 12.96 -0.22 354

2017 13.49 13.39 -0.10 347 13.49 12.98 -0.51 347

2018 13.83 13.41 -0.42 340 13.83 13.00 -0.83 338

2019 14.17 13.43 -0.74 332 14.17 13.02 -1.15 327

2020 14.50 13.45 -1.05 323 14.50 13.04 -1.46 315

2021 14.81 13.47 -1.34 313 14.81 13.06 -1.75 302

2022 15.10 13.49 -1.61 302 15.09 13.08 -2.01 289

2023 15.37 13.51 -1.86 290 15.37 13.10 -2.27 275

2024 15.63 13.53 -2.10 278 15.62 13.12 -2.51 260

2025 15.87 13.55 -2.33 264 15.86 13.13 -2.73 244

2026 16.09 13.56 -2.53 250 16.08 13.15 -2.93 227

2027 16.30 13.58 -2.72 235 16.28 13.16 -3.12 209

2028 16.49 13.59 -2.90 219 16.47 13.17 -3.29 191

2029 16.64 13.60 -3.04 203 16.62 13.19 -3.43 173

2030 16.79 13.62 -3.17 186 16.76 13.20 -3.56 153

2031 16.90 13.63 -3.27 169 16.87 13.21 -3.66 133

2032 17.00 13.64 -3.36 151 16.96 13.22 -3.74 113

2033 17.07 13.65 -3.42 133 17.03 13.23 -3.80 92

2034 17.12 13.65 -3.46 115 17.07 13.23 -3.84 71

2035 17.15 13.66 -3.48 96 17.10 13.24 -3.86 50

2036 17.16 13.67 -3.50 77 17.11 13.24 -3.87 29

2037 17.16 13.67 -3.49 58 17.11 13.25 -3.86 7

2038 17.14 13.67 -3.47 39 17.08 13.25 -3.83 ----

2039 17.10 13.67 -3.43 20 17.04 13.25 -3.79 ----

2040 17.06 13.68 -3.38 0 16.99 13.25 -3.74 ----

2041 17.01 13.68 -3.33 ---- 16.94 13.25 -3.69 ----

2042 16.96 13.68 -3.28 ---- 16.88 13.25 -3.64 ----

2043 16.91 13.68 -3.23 ---- 16.83 13.25 -3.58 ----

2044 16.87 13.68 -3.19 ---- 16.79 13.25 -3.54 ----

2045 16.84 13.68 -3.16 ---- 16.75 13.25 -3.50 ----

2046 16.81 13.68 -3.13 ---- 16.72 13.25 -3.47 ----

2047 16.79 13.68 -3.10 ---- 16.69 13.25 -3.44 ----

2048 16.76 13.68 -3.08 ---- 16.66 13.25 -3.41 ----

2049 16.74 13.68 -3.05 ---- 16.63 13.25 -3.38 ----

2050 16.72 13.69 -3.03 ---- 16.61 13.25 -3.36 ----

2051 16.71 13.69 -3.02 ---- 16.59 13.25 -3.34 ----

2052 16.71 13.69 -3.02 ---- 16.59 13.25 -3.34 ----

2053 16.72 13.69 -3.03 ---- 16.59 13.25 -3.34 ----

2054 16.73 13.70 -3.04 ---- 16.60 13.26 -3.34 ----

2055 16.75 13.70 -3.05 ---- 16.62 13.26 -3.36 ----

2056 16.78 13.70 -3.07 ---- 16.64 13.26 -3.38 ----

2057 16.81 13.71 -3.10 ---- 16.66 13.26 -3.40 ----

2058 16.83 13.71 -3.12 ---- 16.68 13.27 -3.42 ----

2059 16.86 13.71 -3.15 ---- 16.70 13.27 -3.44 ----

2060 16.89 13.72 -3.17 ---- 16.73 13.27 -3.45 ----

2061 16.91 13.72 -3.19 ---- 16.75 13.27 -3.48 ----

2062 16.94 13.72 -3.22 ---- 16.77 13.28 -3.50 ----

2063 16.97 13.73 -3.24 ---- 16.80 13.28 -3.52 ----

2064 17.00 13.73 -3.27 ---- 16.83 13.28 -3.55 ----

2065 17.04 13.73 -3.30 ---- 16.86 13.28 -3.57 ----

2066 17.07 13.74 -3.34 ---- 16.89 13.29 -3.61 ----

2067 17.11 13.74 -3.37 ---- 16.93 13.29 -3.64 ----

2068 17.15 13.75 -3.41 ---- 16.97 13.29 -3.67 ----

2069 17.20 13.75 -3.45 ---- 17.01 13.30 -3.71 ----

2070 17.24 13.75 -3.49 ---- 17.05 13.30 -3.75 ----

2071 17.29 13.76 -3.53 ---- 17.09 13.30 -3.79 ----

2072 17.33 13.76 -3.57 ---- 17.14 13.31 -3.83 ----

2073 17.38 13.76 -3.61 ---- 17.18 13.31 -3.87 ----

2074 17.43 13.77 -3.66 ---- 17.23 13.31 -3.92 ----

2075 17.48 13.77 -3.70 ---- 17.27 13.32 -3.96 ----

2076 17.52 13.78 -3.75 ---- 17.32 13.32 -4.00 ----

2077 17.57 13.78 -3.79 ---- 17.37 13.32 -4.05 ----

2078 17.63 13.78 -3.84 ---- 17.42 13.33 -4.10 ----

2079 17.68 13.79 -3.89 ---- 17.47 13.33 -4.14 ----

2080 17.73 13.79 -3.94 ---- 17.53 13.33 -4.19 ----

2081 17.79 13.80 -3.99 ---- 17.58 13.34 -4.24 ----

2082 17.84 13.80 -4.04 ---- 17.63 13.34 -4.29 ----

2083 17.90 13.81 -4.09 ---- 17.68 13.34 -4.34 ----

2084 17.95 13.81 -4.14 ---- 17.73 13.35 -4.39 ----

Summarized Rates: OASDI Summarized Rates: OASDI

2009 Cost Rate Income Rate

Actuarial 

Balance Cost Rate Income Rate

Actuarial 

Balance

-2083 16.10% 14.38% -1.72% 0.29% 16.02% 14.02% -2.00%

Office of the Chief Actuary

Based on Intermediate Assumptions of the 2009 Trustees Report Social Security Administration

May 11, 2010

Change in 

Actuarial 

Balance

Apply 4 percent payroll tax rate on earnings over $300,000 in 2017, with the $300,000 threshold wage-indexed after 2017. Give 

proportional benefit credit for additional earnings in AIME for benefit computation.

Expressed as a percentage of taxable payroll Trust Fund 

Ratio 

1-1-year

Present Law

Expressed as a percentage of taxable payroll Trust Fund 

Ratio 

1-1-year

Proposal
Table 6b Financial Estimates for the OASDI Trust Fund Program 

Year Cost Rate

Income 

Rate

Annual 

Balance Cost Rate

Income 

Rate

Annual 

Balance

2009 12.35 12.83 0.48 354 12.35 12.83 0.48 354

2010 12.50 12.87 0.37 360 12.50 12.87 0.37 360

2011 12.37 12.87 0.50 366 12.37 12.87 0.50 366

2012 12.24 12.87 0.63 369 12.24 12.87 0.63 369

2013 12.38 12.90 0.52 367 12.38 12.90 0.52 367

2014 12.62 12.92 0.30 364 12.62 12.92 0.30 364

2015 12.88 12.94 0.06 359 12.88 12.94 0.06 359

2016 13.18 12.96 -0.22 354 13.18 12.96 -0.22 354

2017 13.49 13.39 -0.10 347 13.49 12.98 -0.51 347

2018 13.83 13.41 -0.42 340 13.83 13.00 -0.83 338

2019 14.17 13.43 -0.74 332 14.17 13.02 -1.15 327

2020 14.50 13.45 -1.05 323 14.50 13.04 -1.46 315

2021 14.81 13.47 -1.33 313 14.81 13.06 -1.75 302

2022 15.09 13.49 -1.60 302 15.09 13.08 -2.01 289

2023 15.37 13.51 -1.86 291 15.37 13.10 -2.27 275

2024 15.62 13.53 -2.09 278 15.62 13.12 -2.51 260

2025 15.86 13.54 -2.32 265 15.86 13.13 -2.73 244

2026 16.08 13.56 -2.52 251 16.08 13.15 -2.93 227

2027 16.28 13.57 -2.71 236 16.28 13.16 -3.12 209

2028 16.47 13.59 -2.88 220 16.47 13.17 -3.29 191

2029 16.62 13.60 -3.02 204 16.62 13.19 -3.43 173

2030 16.76 13.61 -3.14 187 16.76 13.20 -3.56 153

2031 16.87 13.62 -3.24 170 16.87 13.21 -3.66 133

2032 16.96 13.63 -3.32 153 16.96 13.22 -3.74 113

2033 17.03 13.64 -3.38 135 17.03 13.23 -3.80 92

2034 17.07 13.65 -3.42 117 17.07 13.23 -3.84 71

2035 17.10 13.65 -3.44 98 17.10 13.24 -3.86 50

2036 17.11 13.66 -3.45 80 17.11 13.24 -3.87 29

2037 17.10 13.66 -3.44 61 17.11 13.25 -3.86 7

2038 17.08 13.67 -3.41 42 17.08 13.25 -3.83 ----

2039 17.04 13.67 -3.37 23 17.04 13.25 -3.79 ----

2040 16.98 13.67 -3.32 3 16.99 13.25 -3.74 ----

2041 16.93 13.67 -3.26 ---- 16.94 13.25 -3.69 ----

2042 16.88 13.67 -3.21 ---- 16.88 13.25 -3.64 ----

2043 16.83 13.67 -3.16 ---- 16.83 13.25 -3.58 ----

2044 16.78 13.67 -3.11 ---- 16.79 13.25 -3.54 ----

2045 16.74 13.67 -3.07 ---- 16.75 13.25 -3.50 ----

2046 16.71 13.67 -3.04 ---- 16.72 13.25 -3.47 ----

2047 16.68 13.67 -3.01 ---- 16.69 13.25 -3.44 ----

2048 16.65 13.67 -2.98 ---- 16.66 13.25 -3.41 ----

2049 16.62 13.67 -2.95 ---- 16.63 13.25 -3.38 ----

2050 16.60 13.67 -2.92 ---- 16.61 13.25 -3.36 ----

2051 16.58 13.67 -2.91 ---- 16.59 13.25 -3.34 ----

2052 16.58 13.67 -2.90 ---- 16.59 13.25 -3.34 ----

2053 16.58 13.68 -2.90 ---- 16.59 13.25 -3.34 ----

2054 16.59 13.68 -2.91 ---- 16.60 13.26 -3.34 ----

2055 16.60 13.68 -2.92 ---- 16.62 13.26 -3.36 ----

2056 16.62 13.68 -2.94 ---- 16.64 13.26 -3.38 ----

2057 16.64 13.69 -2.96 ---- 16.66 13.26 -3.40 ----

2058 16.67 13.69 -2.98 ---- 16.68 13.27 -3.42 ----

2059 16.69 13.69 -3.00 ---- 16.70 13.27 -3.44 ----

2060 16.71 13.70 -3.02 ---- 16.73 13.27 -3.45 ----

2061 16.73 13.70 -3.04 ---- 16.75 13.27 -3.48 ----

2062 16.76 13.70 -3.06 ---- 16.77 13.28 -3.50 ----

2063 16.78 13.70 -3.08 ---- 16.80 13.28 -3.52 ----

2064 16.81 13.71 -3.10 ---- 16.83 13.28 -3.55 ----

2065 16.84 13.71 -3.13 ---- 16.86 13.28 -3.57 ----

2066 16.88 13.71 -3.16 ---- 16.89 13.29 -3.61 ----

2067 16.91 13.72 -3.19 ---- 16.93 13.29 -3.64 ----

2068 16.95 13.72 -3.23 ---- 16.97 13.29 -3.67 ----

2069 16.99 13.72 -3.27 ---- 17.01 13.30 -3.71 ----

2070 17.03 13.73 -3.30 ---- 17.05 13.30 -3.75 ----

2071 17.07 13.73 -3.34 ---- 17.09 13.30 -3.79 ----

2072 17.12 13.73 -3.38 ---- 17.14 13.31 -3.83 ----

2073 17.16 13.74 -3.43 ---- 17.18 13.31 -3.87 ----

2074 17.21 13.74 -3.47 ---- 17.23 13.31 -3.92 ----

2075 17.26 13.75 -3.51 ---- 17.27 13.32 -3.96 ----

2076 17.30 13.75 -3.55 ---- 17.32 13.32 -4.00 ----

2077 17.35 13.75 -3.60 ---- 17.37 13.32 -4.05 ----

2078 17.40 13.76 -3.65 ---- 17.42 13.33 -4.10 ----

2079 17.45 13.76 -3.69 ---- 17.47 13.33 -4.14 ----

2080 17.51 13.76 -3.74 ---- 17.53 13.33 -4.19 ----

2081 17.56 13.77 -3.79 ---- 17.58 13.34 -4.24 ----

2082 17.61 13.77 -3.84 ---- 17.63 13.34 -4.29 ----

2083 17.66 13.78 -3.89 ---- 17.68 13.34 -4.34 ----

2084 17.72 13.78 -3.94 ---- 17.73 13.35 -4.39 ----

Summarized Rates: OASDI Summarized Rates: OASDI

2009 Cost Rate Income Rate

Actuarial 

Balance Cost Rate Income Rate

Actuarial 

Balance

-2083 16.01% 14.37% -1.64% 0.36% 16.02% 14.02% -2.00%

Office of the Chief Actuary

Based on Intermediate Assumptions of the 2009 Trustees Report Social Security Administration

May 11, 2010

Change in 

Actuarial 

Balance

Apply 4 percent payroll tax rate on earnings over $300,000 in 2017, with the $300,000 threshold wage-indexed after 2017. Give 

no benefit credit for additional earnings in AIME for benefit computation.

Expressed as a percentage of taxable payroll Trust Fund 

Ratio 

1-1-year

Present Law

Expressed as a percentage of taxable payroll Trust Fund 

Ratio 

1-1-year

Proposal
Table 7a Financial Estimates for the OASDI Trust Fund Program 

Year Cost Rate

Income 

Rate

Annual 

Balance Cost Rate

Income 

Rate

Annual 

Balance

2009 12.35 12.83 0.48 354 12.35 12.83 0.48 354

2010 12.50 12.87 0.37 360 12.50 12.87 0.37 360

2011 12.37 12.87 0.50 366 12.37 12.87 0.50 366

2012 12.24 12.87 0.63 369 12.24 12.87 0.63 369

2013 12.38 12.90 0.52 367 12.38 12.90 0.52 367

2014 12.62 12.92 0.30 364 12.62 12.92 0.30 364

2015 12.88 12.94 0.06 359 12.88 12.94 0.06 359

2016 13.18 12.96 -0.22 354 13.18 12.96 -0.22 354

2017 13.49 13.15 -0.34 347 13.49 12.98 -0.51 347

2018 13.83 13.16 -0.66 339 13.83 13.00 -0.83 338

2019 14.17 13.19 -0.98 329 14.17 13.02 -1.15 327

2020 14.50 13.21 -1.29 318 14.50 13.04 -1.46 315

2021 14.81 13.23 -1.58 307 14.81 13.06 -1.75 302

2022 15.10 13.25 -1.85 294 15.09 13.08 -2.01 289

2023 15.37 13.27 -2.10 281 15.37 13.10 -2.27 275

2024 15.63 13.28 -2.34 267 15.62 13.12 -2.51 260

2025 15.86 13.30 -2.57 252 15.86 13.13 -2.73 244

2026 16.09 13.31 -2.77 236 16.08 13.15 -2.93 227

2027 16.29 13.33 -2.96 220 16.28 13.16 -3.12 209

2028 16.48 13.34 -3.13 203 16.47 13.17 -3.29 191

2029 16.63 13.36 -3.27 185 16.62 13.19 -3.43 173

2030 16.77 13.37 -3.40 167 16.76 13.20 -3.56 153

2031 16.88 13.38 -3.50 148 16.87 13.21 -3.66 133

2032 16.98 13.39 -3.59 129 16.96 13.22 -3.74 113

2033 17.05 13.40 -3.65 109 17.03 13.23 -3.80 92

2034 17.09 13.40 -3.69 89 17.07 13.23 -3.84 71

2035 17.12 13.41 -3.71 69 17.10 13.24 -3.86 50

2036 17.13 13.41 -3.72 48 17.11 13.24 -3.87 29

2037 17.13 13.42 -3.71 28 17.11 13.25 -3.86 7

2038 17.11 13.42 -3.69 7 17.08 13.25 -3.83 ----

2039 17.07 13.42 -3.64 ---- 17.04 13.25 -3.79 ----

2040 17.02 13.42 -3.60 ---- 16.99 13.25 -3.74 ----

2041 16.97 13.42 -3.54 ---- 16.94 13.25 -3.69 ----

2042 16.92 13.42 -3.49 ---- 16.88 13.25 -3.64 ----

2043 16.87 13.42 -3.44 ---- 16.83 13.25 -3.58 ----

2044 16.82 13.42 -3.40 ---- 16.79 13.25 -3.54 ----

2045 16.79 13.42 -3.36 ---- 16.75 13.25 -3.50 ----

2046 16.75 13.42 -3.33 ---- 16.72 13.25 -3.47 ----

2047 16.73 13.43 -3.30 ---- 16.69 13.25 -3.44 ----

2048 16.70 13.43 -3.28 ---- 16.66 13.25 -3.41 ----

2049 16.67 13.43 -3.25 ---- 16.63 13.25 -3.38 ----

2050 16.65 13.43 -3.23 ---- 16.61 13.25 -3.36 ----

2051 16.64 13.43 -3.21 ---- 16.59 13.25 -3.34 ----

2052 16.64 13.43 -3.21 ---- 16.59 13.25 -3.34 ----

2053 16.64 13.43 -3.21 ---- 16.59 13.25 -3.34 ----

2054 16.66 13.44 -3.22 ---- 16.60 13.26 -3.34 ----

2055 16.67 13.44 -3.23 ---- 16.62 13.26 -3.36 ----

2056 16.70 13.44 -3.25 ---- 16.64 13.26 -3.38 ----

2057 16.72 13.44 -3.28 ---- 16.66 13.26 -3.40 ----

2058 16.75 13.45 -3.30 ---- 16.68 13.27 -3.42 ----

2059 16.77 13.45 -3.32 ---- 16.70 13.27 -3.44 ----

2060 16.79 13.45 -3.34 ---- 16.73 13.27 -3.45 ----

2061 16.82 13.46 -3.36 ---- 16.75 13.27 -3.48 ----

2062 16.84 13.46 -3.38 ---- 16.77 13.28 -3.50 ----

2063 16.87 13.46 -3.41 ---- 16.80 13.28 -3.52 ----

2064 16.90 13.47 -3.43 ---- 16.83 13.28 -3.55 ----

2065 16.93 13.47 -3.46 ---- 16.86 13.28 -3.57 ----

2066 16.97 13.47 -3.50 ---- 16.89 13.29 -3.61 ----

2067 17.01 13.47 -3.53 ---- 16.93 13.29 -3.64 ----

2068 17.05 13.48 -3.57 ---- 16.97 13.29 -3.67 ----

2069 17.09 13.48 -3.61 ---- 17.01 13.30 -3.71 ----

2070 17.13 13.49 -3.64 ---- 17.05 13.30 -3.75 ----

2071 17.17 13.49 -3.69 ---- 17.09 13.30 -3.79 ----

2072 17.22 13.49 -3.73 ---- 17.14 13.31 -3.83 ----

2073 17.27 13.50 -3.77 ---- 17.18 13.31 -3.87 ----

2074 17.31 13.50 -3.81 ---- 17.23 13.31 -3.92 ----

2075 17.36 13.50 -3.86 ---- 17.27 13.32 -3.96 ----

2076 17.41 13.51 -3.90 ---- 17.32 13.32 -4.00 ----

2077 17.46 13.51 -3.95 ---- 17.37 13.32 -4.05 ----

2078 17.51 13.51 -3.99 ---- 17.42 13.33 -4.10 ----

2079 17.56 13.52 -4.04 ---- 17.47 13.33 -4.14 ----

2080 17.61 13.52 -4.09 ---- 17.53 13.33 -4.19 ----

2081 17.67 13.53 -4.14 ---- 17.58 13.34 -4.24 ----

2082 17.72 13.53 -4.19 ---- 17.63 13.34 -4.29 ----

2083 17.77 13.53 -4.24 ---- 17.68 13.34 -4.34 ----

2084 17.83 13.54 -4.29 ---- 17.73 13.35 -4.39 ----

Summarized Rates: OASDI Summarized Rates: OASDI

2009 Cost Rate Income Rate

Actuarial 

Balance Cost Rate Income Rate

Actuarial 

Balance

-2083 16.05% 14.17% -1.89% 0.12% 16.02% 14.02% -2.00%

Office of the Chief Actuary

Based on Intermediate Assumptions of the 2009 Trustees Report Social Security Administration

May 11, 2010

Change in 

Actuarial 

Balance

Apply 2 percent payroll tax rate on earnings over $400,000 in 2017, with the $400,000 threshold wage-indexed after 2017. Give 

proportional benefit credit for additional earnings in AIME for benefit computation.

Expressed as a percentage of taxable payroll Trust Fund 

Ratio 

1-1-year

Present Law

Expressed as a percentage of taxable payroll Trust Fund 

Ratio 

1-1-year

Proposal
Table 7b Financial Estimates for the OASDI Trust Fund Program 

Year Cost Rate

Income 

Rate

Annual 

Balance Cost Rate

Income 

Rate

Annual 

Balance

2009 12.35 12.83 0.48 354 12.35 12.83 0.48 354

2010 12.50 12.87 0.37 360 12.50 12.87 0.37 360

2011 12.37 12.87 0.50 366 12.37 12.87 0.50 366

2012 12.24 12.87 0.63 369 12.24 12.87 0.63 369

2013 12.38 12.90 0.52 367 12.38 12.90 0.52 367

2014 12.62 12.92 0.30 364 12.62 12.92 0.30 364

2015 12.88 12.94 0.06 359 12.88 12.94 0.06 359

2016 13.18 12.96 -0.22 354 13.18 12.96 -0.22 354

2017 13.49 13.15 -0.34 347 13.49 12.98 -0.51 347

2018 13.83 13.16 -0.66 339 13.83 13.00 -0.83 338

2019 14.17 13.19 -0.98 329 14.17 13.02 -1.15 327

2020 14.50 13.21 -1.29 318 14.50 13.04 -1.46 315

2021 14.81 13.23 -1.58 307 14.81 13.06 -1.75 302

2022 15.09 13.25 -1.85 294 15.09 13.08 -2.01 289

2023 15.37 13.27 -2.10 281 15.37 13.10 -2.27 275

2024 15.62 13.28 -2.34 267 15.62 13.12 -2.51 260

2025 15.86 13.30 -2.56 252 15.86 13.13 -2.73 244

2026 16.08 13.31 -2.77 237 16.08 13.15 -2.93 227

2027 16.28 13.33 -2.95 220 16.28 13.16 -3.12 209

2028 16.47 13.34 -3.12 203 16.47 13.17 -3.29 191

2029 16.62 13.36 -3.26 185 16.62 13.19 -3.43 173

2030 16.76 13.37 -3.39 167 16.76 13.20 -3.56 153

2031 16.87 13.38 -3.49 148 16.87 13.21 -3.66 133

2032 16.96 13.39 -3.57 129 16.96 13.22 -3.74 113

2033 17.03 13.40 -3.63 110 17.03 13.23 -3.80 92

2034 17.07 13.40 -3.67 90 17.07 13.23 -3.84 71

2035 17.10 13.41 -3.69 70 17.10 13.24 -3.86 50

2036 17.11 13.41 -3.70 49 17.11 13.24 -3.87 29

2037 17.11 13.42 -3.69 29 17.11 13.25 -3.86 7

2038 17.08 13.42 -3.66 8 17.08 13.25 -3.83 ----

2039 17.04 13.42 -3.62 ---- 17.04 13.25 -3.79 ----

2040 16.99 13.42 -3.57 ---- 16.99 13.25 -3.74 ----

2041 16.93 13.42 -3.52 ---- 16.94 13.25 -3.69 ----

2042 16.88 13.42 -3.46 ---- 16.88 13.25 -3.64 ----

2043 16.83 13.42 -3.41 ---- 16.83 13.25 -3.58 ----

2044 16.78 13.42 -3.37 ---- 16.79 13.25 -3.54 ----

2045 16.74 13.42 -3.33 ---- 16.75 13.25 -3.50 ----

2046 16.71 13.42 -3.29 ---- 16.72 13.25 -3.47 ----

2047 16.68 13.42 -3.26 ---- 16.69 13.25 -3.44 ----

2048 16.65 13.42 -3.23 ---- 16.66 13.25 -3.41 ----

2049 16.62 13.42 -3.20 ---- 16.63 13.25 -3.38 ----

2050 16.60 13.42 -3.18 ---- 16.61 13.25 -3.36 ----

2051 16.59 13.42 -3.17 ---- 16.59 13.25 -3.34 ----

2052 16.58 13.42 -3.16 ---- 16.59 13.25 -3.34 ----

2053 16.59 13.43 -3.16 ---- 16.59 13.25 -3.34 ----

2054 16.60 13.43 -3.17 ---- 16.60 13.26 -3.34 ----

2055 16.61 13.43 -3.18 ---- 16.62 13.26 -3.36 ----

2056 16.63 13.43 -3.20 ---- 16.64 13.26 -3.38 ----

2057 16.65 13.44 -3.22 ---- 16.66 13.26 -3.40 ----

2058 16.68 13.44 -3.24 ---- 16.68 13.27 -3.42 ----

2059 16.70 13.44 -3.26 ---- 16.70 13.27 -3.44 ----

2060 16.72 13.44 -3.28 ---- 16.73 13.27 -3.45 ----

2061 16.74 13.45 -3.30 ---- 16.75 13.27 -3.48 ----

2062 16.77 13.45 -3.32 ---- 16.77 13.28 -3.50 ----

2063 16.79 13.45 -3.34 ---- 16.80 13.28 -3.52 ----

2064 16.82 13.46 -3.36 ---- 16.83 13.28 -3.55 ----

2065 16.85 13.46 -3.39 ---- 16.86 13.28 -3.57 ----

2066 16.89 13.46 -3.42 ---- 16.89 13.29 -3.61 ----

2067 16.92 13.46 -3.46 ---- 16.93 13.29 -3.64 ----

2068 16.96 13.47 -3.49 ---- 16.97 13.29 -3.67 ----

2069 17.00 13.47 -3.53 ---- 17.01 13.30 -3.71 ----

2070 17.04 13.47 -3.57 ---- 17.05 13.30 -3.75 ----

2071 17.09 13.48 -3.61 ---- 17.09 13.30 -3.79 ----

2072 17.13 13.48 -3.65 ---- 17.14 13.31 -3.83 ----

2073 17.17 13.48 -3.69 ---- 17.18 13.31 -3.87 ----

2074 17.22 13.49 -3.73 ---- 17.23 13.31 -3.92 ----

2075 17.27 13.49 -3.78 ---- 17.27 13.32 -3.96 ----

2076 17.31 13.49 -3.82 ---- 17.32 13.32 -4.00 ----

2077 17.36 13.50 -3.87 ---- 17.37 13.32 -4.05 ----

2078 17.41 13.50 -3.91 ---- 17.42 13.33 -4.10 ----

2079 17.47 13.51 -3.96 ---- 17.47 13.33 -4.14 ----

2080 17.52 13.51 -4.01 ---- 17.53 13.33 -4.19 ----

2081 17.57 13.51 -4.06 ---- 17.58 13.34 -4.24 ----

2082 17.62 13.52 -4.11 ---- 17.63 13.34 -4.29 ----

2083 17.68 13.52 -4.16 ---- 17.68 13.34 -4.34 ----

2084 17.73 13.52 -4.20 ---- 17.73 13.35 -4.39 ----

Summarized Rates: OASDI Summarized Rates: OASDI

2009 Cost Rate Income Rate

Actuarial 

Balance Cost Rate Income Rate

Actuarial 

Balance

-2083 16.02% 14.16% -1.85% 0.15% 16.02% 14.02% -2.00%

Office of the Chief Actuary

Based on Intermediate Assumptions of the 2009 Trustees Report Social Security Administration

May 11, 2010

Change in 

Actuarial 

Balance

Apply 2 percent payroll tax rate on earnings over $400,000 in 2017, with the $400,000 threshold wage-indexed after 2017. Give 

no benefit credit for additional earnings in AIME for benefit computation.

Expressed as a percentage of taxable payroll Trust Fund 

Ratio 

1-1-year

Present Law

Expressed as a percentage of taxable payroll Trust Fund 

Ratio 

1-1-year

Proposal
Table 8a Financial Estimates for the OASDI Trust Fund Program 

Year Cost Rate

Income 

Rate

Annual 

Balance Cost Rate

Income 

Rate

Annual 

Balance

2009 12.35 12.83 0.48 354 12.35 12.83 0.48 354

2010 12.50 12.87 0.37 360 12.50 12.87 0.37 360

2011 12.37 12.87 0.50 366 12.37 12.87 0.50 366

2012 12.24 12.87 0.63 369 12.24 12.87 0.63 369

2013 12.38 12.90 0.52 367 12.38 12.90 0.52 367

2014 12.62 12.92 0.30 364 12.62 12.92 0.30 364

2015 12.88 12.94 0.06 359 12.88 12.94 0.06 359

2016 13.18 12.96 -0.22 354 13.18 12.96 -0.22 354

2017 13.49 13.23 -0.26 347 13.49 12.98 -0.51 347

2018 13.83 13.25 -0.58 339 13.83 13.00 -0.83 338

2019 14.17 13.27 -0.90 330 14.17 13.02 -1.15 327

2020 14.50 13.29 -1.21 320 14.50 13.04 -1.46 315

2021 14.81 13.31 -1.50 309 14.81 13.06 -1.75 302

2022 15.10 13.33 -1.77 297 15.09 13.08 -2.01 289

2023 15.37 13.35 -2.02 284 15.37 13.10 -2.27 275

2024 15.63 13.37 -2.26 271 15.62 13.12 -2.51 260

2025 15.87 13.38 -2.48 256 15.86 13.13 -2.73 244

2026 16.09 13.40 -2.69 241 16.08 13.15 -2.93 227

2027 16.29 13.41 -2.88 225 16.28 13.16 -3.12 209

2028 16.48 13.43 -3.05 208 16.47 13.17 -3.29 191

2029 16.64 13.44 -3.19 191 16.62 13.19 -3.43 173

2030 16.78 13.45 -3.32 173 16.76 13.20 -3.56 153

2031 16.89 13.47 -3.43 155 16.87 13.21 -3.66 133

2032 16.98 13.48 -3.51 136 16.96 13.22 -3.74 113

2033 17.05 13.48 -3.57 117 17.03 13.23 -3.80 92

2034 17.10 13.49 -3.61 98 17.07 13.23 -3.84 71

2035 17.13 13.50 -3.63 78 17.10 13.24 -3.86 50

2036 17.14 13.50 -3.64 58 17.11 13.24 -3.87 29

2037 17.14 13.50 -3.64 38 17.11 13.25 -3.86 7

2038 17.12 13.51 -3.61 18 17.08 13.25 -3.83 ----

2039 17.08 13.51 -3.57 ---- 17.04 13.25 -3.79 ----

2040 17.03 13.51 -3.52 ---- 16.99 13.25 -3.74 ----

2041 16.98 13.51 -3.47 ---- 16.94 13.25 -3.69 ----

2042 16.93 13.51 -3.42 ---- 16.88 13.25 -3.64 ----

2043 16.88 13.51 -3.37 ---- 16.83 13.25 -3.58 ----

2044 16.84 13.51 -3.33 ---- 16.79 13.25 -3.54 ----

2045 16.80 13.51 -3.29 ---- 16.75 13.25 -3.50 ----

2046 16.77 13.51 -3.26 ---- 16.72 13.25 -3.47 ----

2047 16.75 13.51 -3.24 ---- 16.69 13.25 -3.44 ----

2048 16.72 13.51 -3.21 ---- 16.66 13.25 -3.41 ----

2049 16.70 13.52 -3.18 ---- 16.63 13.25 -3.38 ----

2050 16.68 13.52 -3.16 ---- 16.61 13.25 -3.36 ----

2051 16.67 13.52 -3.15 ---- 16.59 13.25 -3.34 ----

2052 16.66 13.52 -3.14 ---- 16.59 13.25 -3.34 ----

2053 16.67 13.52 -3.15 ---- 16.59 13.25 -3.34 ----

2054 16.68 13.53 -3.16 ---- 16.60 13.26 -3.34 ----

2055 16.70 13.53 -3.17 ---- 16.62 13.26 -3.36 ----

2056 16.72 13.53 -3.19 ---- 16.64 13.26 -3.38 ----

2057 16.75 13.53 -3.22 ---- 16.66 13.26 -3.40 ----

2058 16.78 13.54 -3.24 ---- 16.68 13.27 -3.42 ----

2059 16.80 13.54 -3.26 ---- 16.70 13.27 -3.44 ----

2060 16.83 13.54 -3.28 ---- 16.73 13.27 -3.45 ----

2061 16.85 13.55 -3.30 ---- 16.75 13.27 -3.48 ----

2062 16.88 13.55 -3.33 ---- 16.77 13.28 -3.50 ----

2063 16.91 13.55 -3.35 ---- 16.80 13.28 -3.52 ----

2064 16.94 13.56 -3.38 ---- 16.83 13.28 -3.55 ----

2065 16.97 13.56 -3.41 ---- 16.86 13.28 -3.57 ----

2066 17.01 13.56 -3.44 ---- 16.89 13.29 -3.61 ----

2067 17.04 13.57 -3.48 ---- 16.93 13.29 -3.64 ----

2068 17.08 13.57 -3.51 ---- 16.97 13.29 -3.67 ----

2069 17.13 13.57 -3.55 ---- 17.01 13.30 -3.71 ----

2070 17.17 13.58 -3.59 ---- 17.05 13.30 -3.75 ----

2071 17.21 13.58 -3.63 ---- 17.09 13.30 -3.79 ----

2072 17.26 13.59 -3.67 ---- 17.14 13.31 -3.83 ----

2073 17.31 13.59 -3.72 ---- 17.18 13.31 -3.87 ----

2074 17.35 13.59 -3.76 ---- 17.23 13.31 -3.92 ----

2075 17.40 13.60 -3.80 ---- 17.27 13.32 -3.96 ----

2076 17.45 13.60 -3.85 ---- 17.32 13.32 -4.00 ----

2077 17.50 13.60 -3.90 ---- 17.37 13.32 -4.05 ----

2078 17.55 13.61 -3.94 ---- 17.42 13.33 -4.10 ----

2079 17.60 13.61 -3.99 ---- 17.47 13.33 -4.14 ----

2080 17.66 13.62 -4.04 ---- 17.53 13.33 -4.19 ----

2081 17.71 13.62 -4.09 ---- 17.58 13.34 -4.24 ----

2082 17.76 13.62 -4.14 ---- 17.63 13.34 -4.29 ----

2083 17.82 13.63 -4.19 ---- 17.68 13.34 -4.34 ----

2084 17.87 13.63 -4.24 ---- 17.73 13.35 -4.39 ----

Summarized Rates: OASDI Summarized Rates: OASDI

2009 Cost Rate Income Rate

Actuarial 

Balance Cost Rate Income Rate

Actuarial 

Balance

-2083 16.07% 14.24% -1.83% 0.17% 16.02% 14.02% -2.00%

Office of the Chief Actuary

Based on Intermediate Assumptions of the 2009 Trustees Report Social Security Administration

May 11, 2010

Change in 

Actuarial 

Balance

Apply 3 percent payroll tax rate on earnings over $400,000 in 2017, with the $400,000 threshold wage-indexed after 2017. Give 

proportional benefit credit for additional earnings in AIME for benefit computation.

Expressed as a percentage of taxable payroll Trust Fund 

Ratio 

1-1-year

Present Law

Expressed as a percentage of taxable payroll Trust Fund 

Ratio 

1-1-year

Proposal
Table 8b Financial Estimates for the OASDI Trust Fund Program 

Year Cost Rate

Income 

Rate

Annual 

Balance Cost Rate

Income 

Rate

Annual 

Balance

2009 12.35 12.83 0.48 354 12.35 12.83 0.48 354

2010 12.50 12.87 0.37 360 12.50 12.87 0.37 360

2011 12.37 12.87 0.50 366 12.37 12.87 0.50 366

2012 12.24 12.87 0.63 369 12.24 12.87 0.63 369

2013 12.38 12.90 0.52 367 12.38 12.90 0.52 367

2014 12.62 12.92 0.30 364 12.62 12.92 0.30 364

2015 12.88 12.94 0.06 359 12.88 12.94 0.06 359

2016 13.18 12.96 -0.22 354 13.18 12.96 -0.22 354

2017 13.49 13.23 -0.26 347 13.49 12.98 -0.51 347

2018 13.83 13.25 -0.58 339 13.83 13.00 -0.83 338

2019 14.17 13.27 -0.90 330 14.17 13.02 -1.15 327

2020 14.50 13.29 -1.21 320 14.50 13.04 -1.46 315

2021 14.81 13.31 -1.50 309 14.81 13.06 -1.75 302

2022 15.09 13.33 -1.76 297 15.09 13.08 -2.01 289

2023 15.37 13.35 -2.02 284 15.37 13.10 -2.27 275

2024 15.62 13.37 -2.26 271 15.62 13.12 -2.51 260

2025 15.86 13.38 -2.48 257 15.86 13.13 -2.73 244

2026 16.08 13.40 -2.68 241 16.08 13.15 -2.93 227

2027 16.28 13.41 -2.87 225 16.28 13.16 -3.12 209

2028 16.47 13.43 -3.04 209 16.47 13.17 -3.29 191

2029 16.62 13.44 -3.18 192 16.62 13.19 -3.43 173

2030 16.76 13.45 -3.31 174 16.76 13.20 -3.56 153

2031 16.87 13.46 -3.41 156 16.87 13.21 -3.66 133

2032 16.96 13.47 -3.49 137 16.96 13.22 -3.74 113

2033 17.03 13.48 -3.55 118 17.03 13.23 -3.80 92

2034 17.07 13.49 -3.58 99 17.07 13.23 -3.84 71

2035 17.10 13.49 -3.60 79 17.10 13.24 -3.86 50

2036 17.11 13.50 -3.61 60 17.11 13.24 -3.87 29

2037 17.10 13.50 -3.60 40 17.11 13.25 -3.86 7

2038 17.08 13.50 -3.58 19 17.08 13.25 -3.83 ----

2039 17.04 13.50 -3.53 ---- 17.04 13.25 -3.79 ----

2040 16.99 13.50 -3.48 ---- 16.99 13.25 -3.74 ----

2041 16.93 13.50 -3.43 ---- 16.94 13.25 -3.69 ----

2042 16.88 13.50 -3.38 ---- 16.88 13.25 -3.64 ----

2043 16.83 13.50 -3.32 ---- 16.83 13.25 -3.58 ----

2044 16.78 13.50 -3.28 ---- 16.79 13.25 -3.54 ----

2045 16.74 13.50 -3.24 ---- 16.75 13.25 -3.50 ----

2046 16.71 13.50 -3.21 ---- 16.72 13.25 -3.47 ----

2047 16.68 13.51 -3.18 ---- 16.69 13.25 -3.44 ----

2048 16.65 13.51 -3.15 ---- 16.66 13.25 -3.41 ----

2049 16.62 13.51 -3.12 ---- 16.63 13.25 -3.38 ----

2050 16.60 13.51 -3.09 ---- 16.61 13.25 -3.36 ----

2051 16.59 13.51 -3.08 ---- 16.59 13.25 -3.34 ----

2052 16.58 13.51 -3.07 ---- 16.59 13.25 -3.34 ----

2053 16.58 13.51 -3.07 ---- 16.59 13.25 -3.34 ----

2054 16.59 13.51 -3.08 ---- 16.60 13.26 -3.34 ----

2055 16.61 13.52 -3.09 ---- 16.62 13.26 -3.36 ----

2056 16.63 13.52 -3.11 ---- 16.64 13.26 -3.38 ----

2057 16.65 13.52 -3.13 ---- 16.66 13.26 -3.40 ----

2058 16.67 13.53 -3.15 ---- 16.68 13.27 -3.42 ----

2059 16.70 13.53 -3.17 ---- 16.70 13.27 -3.44 ----

2060 16.72 13.53 -3.19 ---- 16.73 13.27 -3.45 ----

2061 16.74 13.53 -3.21 ---- 16.75 13.27 -3.48 ----

2062 16.76 13.54 -3.23 ---- 16.77 13.28 -3.50 ----

2063 16.79 13.54 -3.25 ---- 16.80 13.28 -3.52 ----

2064 16.82 13.54 -3.27 ---- 16.83 13.28 -3.55 ----

2065 16.85 13.55 -3.30 ---- 16.86 13.28 -3.57 ----

2066 16.88 13.55 -3.33 ---- 16.89 13.29 -3.61 ----

2067 16.92 13.55 -3.37 ---- 16.93 13.29 -3.64 ----

2068 16.96 13.55 -3.40 ---- 16.97 13.29 -3.67 ----

2069 17.00 13.56 -3.44 ---- 17.01 13.30 -3.71 ----

2070 17.04 13.56 -3.48 ---- 17.05 13.30 -3.75 ----

2071 17.08 13.57 -3.52 ---- 17.09 13.30 -3.79 ----

2072 17.13 13.57 -3.56 ---- 17.14 13.31 -3.83 ----

2073 17.17 13.57 -3.60 ---- 17.18 13.31 -3.87 ----

2074 17.22 13.58 -3.64 ---- 17.23 13.31 -3.92 ----

2075 17.26 13.58 -3.68 ---- 17.27 13.32 -3.96 ----

2076 17.31 13.58 -3.73 ---- 17.32 13.32 -4.00 ----

2077 17.36 13.59 -3.77 ---- 17.37 13.32 -4.05 ----

2078 17.41 13.59 -3.82 ---- 17.42 13.33 -4.10 ----

2079 17.46 13.59 -3.87 ---- 17.47 13.33 -4.14 ----

2080 17.51 13.60 -3.92 ---- 17.53 13.33 -4.19 ----

2081 17.57 13.60 -3.96 ---- 17.58 13.34 -4.24 ----

2082 17.62 13.61 -4.01 ---- 17.63 13.34 -4.29 ----

2083 17.67 13.61 -4.06 ---- 17.68 13.34 -4.34 ----

2084 17.72 13.61 -4.11 ---- 17.73 13.35 -4.39 ----

Summarized Rates: OASDI Summarized Rates: OASDI

2009 Cost Rate Income Rate

Actuarial 

Balance Cost Rate Income Rate

Actuarial 

Balance

-2083 16.01% 14.23% -1.78% 0.22% 16.02% 14.02% -2.00%

Office of the Chief Actuary

Based on Intermediate Assumptions of the 2009 Trustees Report Social Security Administration

May 11, 2010

Change in 

Actuarial 

Balance

Apply 3 percent payroll tax rate on earnings over $400,000 in 2017, with the $400,000 threshold wage-indexed after 2017. Give 

no benefit credit for additional earnings in AIME for benefit computation.

Expressed as a percentage of taxable payroll Trust Fund 

Ratio 

1-1-year

Present Law

Expressed as a percentage of taxable payroll Trust Fund 

Ratio 

1-1-year

Proposal
Table 9a Financial Estimates for the OASDI Trust Fund Program 

Year Cost Rate

Income 

Rate

Annual 

Balance Cost Rate

Income 

Rate

Annual 

Balance

2009 12.35 12.83 0.48 354 12.35 12.83 0.48 354

2010 12.50 12.87 0.37 360 12.50 12.87 0.37 360

2011 12.37 12.87 0.50 366 12.37 12.87 0.50 366

2012 12.24 12.87 0.63 369 12.24 12.87 0.63 369

2013 12.38 12.90 0.52 367 12.38 12.90 0.52 367

2014 12.62 12.92 0.30 364 12.62 12.92 0.30 364

2015 12.88 12.94 0.06 359 12.88 12.94 0.06 359

2016 13.18 12.96 -0.22 354 13.18 12.96 -0.22 354

2017 13.49 13.31 -0.18 347 13.49 12.98 -0.51 347

2018 13.83 13.33 -0.50 340 13.83 13.00 -0.83 338

2019 14.17 13.35 -0.81 331 14.17 13.02 -1.15 327

2020 14.50 13.37 -1.12 322 14.50 13.04 -1.46 315

2021 14.81 13.40 -1.41 311 14.81 13.06 -1.75 302

2022 15.10 13.41 -1.68 300 15.09 13.08 -2.01 289

2023 15.37 13.43 -1.94 287 15.37 13.10 -2.27 275

2024 15.63 13.45 -2.18 274 15.62 13.12 -2.51 260

2025 15.87 13.47 -2.40 261 15.86 13.13 -2.73 244

2026 16.09 13.48 -2.61 246 16.08 13.15 -2.93 227

2027 16.30 13.50 -2.80 230 16.28 13.16 -3.12 209

2028 16.48 13.51 -2.97 214 16.47 13.17 -3.29 191

2029 16.64 13.53 -3.11 197 16.62 13.19 -3.43 173

2030 16.78 13.54 -3.24 180 16.76 13.20 -3.56 153

2031 16.90 13.55 -3.35 162 16.87 13.21 -3.66 133

2032 16.99 13.56 -3.43 144 16.96 13.22 -3.74 113

2033 17.06 13.57 -3.49 126 17.03 13.23 -3.80 92

2034 17.11 13.58 -3.53 107 17.07 13.23 -3.84 71

2035 17.14 13.58 -3.55 88 17.10 13.24 -3.86 50

2036 17.15 13.59 -3.56 68 17.11 13.24 -3.87 29

2037 17.15 13.59 -3.56 49 17.11 13.25 -3.86 7

2038 17.13 13.59 -3.54 29 17.08 13.25 -3.83 ----

2039 17.09 13.60 -3.50 9 17.04 13.25 -3.79 ----

2040 17.05 13.60 -3.45 ---- 16.99 13.25 -3.74 ----

2041 17.00 13.60 -3.40 ---- 16.94 13.25 -3.69 ----

2042 16.95 13.60 -3.35 ---- 16.88 13.25 -3.64 ----

2043 16.90 13.60 -3.30 ---- 16.83 13.25 -3.58 ----

2044 16.86 13.60 -3.26 ---- 16.79 13.25 -3.54 ----

2045 16.82 13.60 -3.22 ---- 16.75 13.25 -3.50 ----

2046 16.79 13.60 -3.19 ---- 16.72 13.25 -3.47 ----

2047 16.77 13.60 -3.17 ---- 16.69 13.25 -3.44 ----

2048 16.74 13.60 -3.14 ---- 16.66 13.25 -3.41 ----

2049 16.72 13.60 -3.11 ---- 16.63 13.25 -3.38 ----

2050 16.70 13.61 -3.09 ---- 16.61 13.25 -3.36 ----

2051 16.69 13.61 -3.08 ---- 16.59 13.25 -3.34 ----

2052 16.69 13.61 -3.08 ---- 16.59 13.25 -3.34 ----

2053 16.70 13.61 -3.08 ---- 16.59 13.25 -3.34 ----

2054 16.71 13.61 -3.09 ---- 16.60 13.26 -3.34 ----

2055 16.73 13.62 -3.11 ---- 16.62 13.26 -3.36 ----

2056 16.75 13.62 -3.13 ---- 16.64 13.26 -3.38 ----

2057 16.78 13.63 -3.15 ---- 16.66 13.26 -3.40 ----

2058 16.81 13.63 -3.18 ---- 16.68 13.27 -3.42 ----

2059 16.83 13.63 -3.20 ---- 16.70 13.27 -3.44 ----

2060 16.86 13.64 -3.22 ---- 16.73 13.27 -3.45 ----

2061 16.88 13.64 -3.25 ---- 16.75 13.27 -3.48 ----

2062 16.91 13.64 -3.27 ---- 16.77 13.28 -3.50 ----

2063 16.94 13.65 -3.29 ---- 16.80 13.28 -3.52 ----

2064 16.97 13.65 -3.32 ---- 16.83 13.28 -3.55 ----

2065 17.00 13.65 -3.35 ---- 16.86 13.28 -3.57 ----

2066 17.04 13.66 -3.39 ---- 16.89 13.29 -3.61 ----

2067 17.08 13.66 -3.42 ---- 16.93 13.29 -3.64 ----

2068 17.12 13.66 -3.46 ---- 16.97 13.29 -3.67 ----

2069 17.16 13.67 -3.50 ---- 17.01 13.30 -3.71 ----

2070 17.21 13.67 -3.54 ---- 17.05 13.30 -3.75 ----

2071 17.25 13.67 -3.58 ---- 17.09 13.30 -3.79 ----

2072 17.30 13.68 -3.62 ---- 17.14 13.31 -3.83 ----

2073 17.34 13.68 -3.66 ---- 17.18 13.31 -3.87 ----

2074 17.39 13.69 -3.71 ---- 17.23 13.31 -3.92 ----

2075 17.44 13.69 -3.75 ---- 17.27 13.32 -3.96 ----

2076 17.49 13.69 -3.80 ---- 17.32 13.32 -4.00 ----

2077 17.54 13.70 -3.84 ---- 17.37 13.32 -4.05 ----

2078 17.59 13.70 -3.89 ---- 17.42 13.33 -4.10 ----

2079 17.64 13.71 -3.94 ---- 17.47 13.33 -4.14 ----

2080 17.70 13.71 -3.99 ---- 17.53 13.33 -4.19 ----

2081 17.75 13.71 -4.04 ---- 17.58 13.34 -4.24 ----

2082 17.81 13.72 -4.09 ---- 17.63 13.34 -4.29 ----

2083 17.86 13.72 -4.14 ---- 17.68 13.34 -4.34 ----

2084 17.91 13.73 -4.19 ---- 17.73 13.35 -4.39 ----

Summarized Rates: OASDI Summarized Rates: OASDI

2009 Cost Rate Income Rate

Actuarial 

Balance Cost Rate Income Rate

Actuarial 

Balance

-2083 16.08% 14.31% -1.77% 0.23% 16.02% 14.02% -2.00%

Office of the Chief Actuary

Based on Intermediate Assumptions of the 2009 Trustees Report Social Security Administration

May 11, 2010

Change in 

Actuarial 

Balance

Apply 4 percent payroll tax rate on earnings over $400,000 in 2017, with the $400,000 threshold wage-indexed after 2017. Give 

proportional benefit credit for additional earnings in AIME for benefit computation.

Expressed as a percentage of taxable payroll Trust Fund 

Ratio 

1-1-year

Present Law

Expressed as a percentage of taxable payroll Trust Fund 

Ratio 

1-1-year

Proposal
Table 9b Financial Estimates for the OASDI Trust Fund Program 

Year Cost Rate

Income 

Rate

Annual 

Balance Cost Rate

Income 

Rate

Annual 

Balance

2009 12.35 12.83 0.48 354 12.35 12.83 0.48 354

2010 12.50 12.87 0.37 360 12.50 12.87 0.37 360

2011 12.37 12.87 0.50 366 12.37 12.87 0.50 366

2012 12.24 12.87 0.63 369 12.24 12.87 0.63 369

2013 12.38 12.90 0.52 367 12.38 12.90 0.52 367

2014 12.62 12.92 0.30 364 12.62 12.92 0.30 364

2015 12.88 12.94 0.06 359 12.88 12.94 0.06 359

2016 13.18 12.96 -0.22 354 13.18 12.96 -0.22 354

2017 13.49 13.31 -0.18 347 13.49 12.98 -0.51 347

2018 13.83 13.33 -0.50 340 13.83 13.00 -0.83 338

2019 14.17 13.35 -0.81 331 14.17 13.02 -1.15 327

2020 14.50 13.37 -1.12 322 14.50 13.04 -1.46 315

2021 14.81 13.39 -1.41 311 14.81 13.06 -1.75 302

2022 15.09 13.41 -1.68 300 15.09 13.08 -2.01 289

2023 15.37 13.43 -1.93 288 15.37 13.10 -2.27 275

2024 15.62 13.45 -2.17 275 15.62 13.12 -2.51 260

2025 15.86 13.47 -2.39 261 15.86 13.13 -2.73 244

2026 16.08 13.48 -2.60 246 16.08 13.15 -2.93 227

2027 16.28 13.50 -2.78 231 16.28 13.16 -3.12 209

2028 16.47 13.51 -2.95 215 16.47 13.17 -3.29 191

2029 16.62 13.52 -3.10 198 16.62 13.19 -3.43 173

2030 16.76 13.54 -3.22 181 16.76 13.20 -3.56 153

2031 16.87 13.55 -3.32 163 16.87 13.21 -3.66 133

2032 16.96 13.56 -3.40 145 16.96 13.22 -3.74 113

2033 17.03 13.56 -3.46 127 17.03 13.23 -3.80 92

2034 17.07 13.57 -3.50 108 17.07 13.23 -3.84 71

2035 17.10 13.58 -3.52 89 17.10 13.24 -3.86 50

2036 17.11 13.58 -3.53 70 17.11 13.24 -3.87 29

2037 17.10 13.59 -3.52 51 17.11 13.25 -3.86 7

2038 17.08 13.59 -3.49 31 17.08 13.25 -3.83 ----

2039 17.04 13.59 -3.45 11 17.04 13.25 -3.79 ----

2040 16.99 13.59 -3.40 ---- 16.99 13.25 -3.74 ----

2041 16.93 13.59 -3.34 ---- 16.94 13.25 -3.69 ----

2042 16.88 13.59 -3.29 ---- 16.88 13.25 -3.64 ----

2043 16.83 13.59 -3.24 ---- 16.83 13.25 -3.58 ----

2044 16.78 13.59 -3.19 ---- 16.79 13.25 -3.54 ----

2045 16.74 13.59 -3.15 ---- 16.75 13.25 -3.50 ----

2046 16.71 13.59 -3.12 ---- 16.72 13.25 -3.47 ----

2047 16.68 13.59 -3.09 ---- 16.69 13.25 -3.44 ----

2048 16.65 13.59 -3.06 ---- 16.66 13.25 -3.41 ----

2049 16.62 13.59 -3.03 ---- 16.63 13.25 -3.38 ----

2050 16.60 13.59 -3.00 ---- 16.61 13.25 -3.36 ----

2051 16.58 13.59 -2.99 ---- 16.59 13.25 -3.34 ----

2052 16.58 13.60 -2.98 ---- 16.59 13.25 -3.34 ----

2053 16.58 13.60 -2.98 ---- 16.59 13.25 -3.34 ----

2054 16.59 13.60 -2.99 ---- 16.60 13.26 -3.34 ----

2055 16.60 13.60 -3.00 ---- 16.62 13.26 -3.36 ----

2056 16.62 13.61 -3.02 ---- 16.64 13.26 -3.38 ----

2057 16.65 13.61 -3.04 ---- 16.66 13.26 -3.40 ----

2058 16.67 13.61 -3.06 ---- 16.68 13.27 -3.42 ----

2059 16.69 13.61 -3.08 ---- 16.70 13.27 -3.44 ----

2060 16.71 13.62 -3.10 ---- 16.73 13.27 -3.45 ----

2061 16.74 13.62 -3.12 ---- 16.75 13.27 -3.48 ----

2062 16.76 13.62 -3.14 ---- 16.77 13.28 -3.50 ----

2063 16.79 13.63 -3.16 ---- 16.80 13.28 -3.52 ----

2064 16.81 13.63 -3.18 ---- 16.83 13.28 -3.55 ----

2065 16.84 13.63 -3.21 ---- 16.86 13.28 -3.57 ----

2066 16.88 13.64 -3.24 ---- 16.89 13.29 -3.61 ----

2067 16.91 13.64 -3.28 ---- 16.93 13.29 -3.64 ----

2068 16.95 13.64 -3.31 ---- 16.97 13.29 -3.67 ----

2069 16.99 13.65 -3.35 ---- 17.01 13.30 -3.71 ----

2070 17.03 13.65 -3.39 ---- 17.05 13.30 -3.75 ----

2071 17.08 13.65 -3.43 ---- 17.09 13.30 -3.79 ----

2072 17.12 13.66 -3.47 ---- 17.14 13.31 -3.83 ----

2073 17.17 13.66 -3.51 ---- 17.18 13.31 -3.87 ----

2074 17.21 13.66 -3.55 ---- 17.23 13.31 -3.92 ----

2075 17.26 13.67 -3.59 ---- 17.27 13.32 -3.96 ----

2076 17.31 13.67 -3.64 ---- 17.32 13.32 -4.00 ----

2077 17.36 13.67 -3.68 ---- 17.37 13.32 -4.05 ----

2078 17.41 13.68 -3.73 ---- 17.42 13.33 -4.10 ----

2079 17.46 13.68 -3.78 ---- 17.47 13.33 -4.14 ----

2080 17.51 13.69 -3.82 ---- 17.53 13.33 -4.19 ----

2081 17.56 13.69 -3.87 ---- 17.58 13.34 -4.24 ----

2082 17.62 13.69 -3.92 ---- 17.63 13.34 -4.29 ----

2083 17.67 13.70 -3.97 ---- 17.68 13.34 -4.34 ----

2084 17.72 13.70 -4.02 ---- 17.73 13.35 -4.39 ----

Summarized Rates: OASDI Summarized Rates: OASDI

2009 Cost Rate Income Rate

Actuarial 

Balance Cost Rate Income Rate

Actuarial 

Balance

-2083 16.01% 14.31% -1.71% 0.30% 16.02% 14.02% -2.00%

Office of the Chief Actuary

Based on Intermediate Assumptions of the 2009 Trustees Report Social Security Administration

May 11, 2010

Change in 

Actuarial 

Balance

Apply 4 percent payroll tax rate on earnings over $400,000 in 2017, with the $400,000 threshold wage-indexed after 2017. Give 

no benefit credit for earnings in AIME for benefit computation.

Expressed as a percentage of taxable payroll Trust Fund 

Ratio 

1-1-year

Present Law

Expressed as a percentage of taxable payroll Trust Fund 

Ratio 

1-1-year

Proposal