Year Cost Rate

Income 

Rate

Annual 

Balance

Proposed 

Plan

Present 

Law

2005 11.13 12.72 1.59 320 4,730 4,730 0.0%

2006 9.35 12.68 3.33 337 5,861 4,985 17.6%

2007 9.29 12.69 3.40 373 6,177 5,244 17.8%

2008 9.32 12.73 3.41 408 6,500 5,511 17.9%

2009 9.42 12.71 3.29 440 6,828 5,784 18.1%

2010 9.52 12.73 3.21 470 7,166 6,065 18.1%

2011 9.66 12.77 3.12 499 7,515 6,354 18.3%

2012 9.85 12.80 2.95 523 7,870 6,646 18.4%

2013 10.07 12.82 2.76 545 8,233 6,946 18.5%

2014 10.30 12.84 2.54 564 8,607 7,258 18.6%

2015 10.53 12.85 2.32 581 8,994 7,583 18.6%

2016 10.78 12.87 2.09 595 9,392 7,919 18.6%

2017 11.04 12.89 1.85 607 9,807 8,268 18.6%

2018 11.30 12.90 1.61 617 10,236 8,630 18.6%

2019 11.56 12.92 1.36 625 10,682 9,005 18.6%

2020 11.83 12.93 1.11 631 11,141 9,391 18.6%

2021 12.09 12.95 0.86 635 11,619 9,794 18.6%

2022 12.35 12.97 0.61 639 12,112 10,209 18.6%

2023 12.60 12.98 0.38 640 12,624 10,640 18.7%

2024 12.85 12.99 0.14 641 13,152 11,085 18.7%

2025 13.10 13.01 -0.09 640 13,699 11,545 18.7%

2026 13.34 13.02 -0.32 638 14,268 12,024 18.7%

2027 13.57 13.04 -0.53 636 14,867 12,527 18.7%

2028 13.76 13.05 -0.71 633 15,492 13,054 18.7%

2029 13.94 13.06 -0.88 630 16,140 13,599 18.7%

2030 14.11 13.07 -1.03 626 16,814 14,166 18.7%

2031 14.26 13.08 -1.17 623 17,518 14,758 18.7%

2032 14.39 13.09 -1.30 619 18,258 15,381 18.7%

2033 14.49 13.10 -1.39 615 19,034 16,033 18.7%

2034 14.57 13.11 -1.46 612 19,843 16,714 18.7%

2035 14.63 13.11 -1.52 609 20,680 17,418 18.7%

2036 14.68 13.12 -1.57 606 21,554 18,153 18.7%

2037 14.72 13.12 -1.60 603 22,469 18,923 18.7%

2038 14.74 13.12 -1.62 601 23,426 19,728 18.7%

2039 14.75 13.12 -1.62 599 24,425 20,569 18.8%

2040 14.75 13.13 -1.63 598 25,464 21,442 18.8%

2041 14.76 13.13 -1.63 596 26,546 22,353 18.8%

2042 14.76 13.13 -1.63 594 27,675 23,302 18.8%

2043 14.76 13.13 -1.63 592 28,853 24,292 18.8%

2044 14.77 13.13 -1.64 590 30,077 25,321 18.8%

2045 14.77 13.13 -1.64 588 31,343 26,386 18.8%

2046 14.78 13.13 -1.65 587 32,657 27,491 18.8%

2047 14.80 13.14 -1.66 584 34,027 28,642 18.8%

2048 14.81 13.14 -1.67 582 35,453 29,842 18.8%

2049 14.83 13.14 -1.69 580 36,933 31,085 18.8%

2050 14.85 13.14 -1.71 577 38,466 32,374 18.8%

2051 14.88 13.14 -1.73 574 40,066 33,719 18.8%

2052 14.91 13.15 -1.76 571 41,733 35,120 18.8%

2053 14.94 13.15 -1.79 568 43,469 36,579 18.8%

2054 14.97 13.15 -1.82 564 45,281 38,101 18.8%

2055 15.01 13.15 -1.86 559 47,162 39,682 18.9%

2056 15.06 13.16 -1.90 555 49,116 41,324 18.9%

2057 15.10 13.16 -1.94 550 51,154 43,036 18.9%

2058 15.14 13.16 -1.98 545 53,275 44,817 18.9%

2059 15.19 13.17 -2.02 539 55,481 46,670 18.9%

2060 15.23 13.17 -2.06 534 57,777 48,600 18.9%

2061 15.27 13.17 -2.10 528 60,165 50,605 18.9%

2062 15.32 13.17 -2.15 521 62,658 52,699 18.9%

2063 15.37 13.18 -2.19 514 65,259 54,883 18.9%

2064 15.42 13.18 -2.24 507 67,965 57,155 18.9%

2065 15.47 13.18 -2.29 500 70,781 59,520 18.9%

2066 15.52 13.19 -2.33 492 73,692 61,964 18.9%

2067 15.57 13.19 -2.38 484 76,725 64,511 18.9%

2068 15.62 13.19 -2.42 475 79,908 67,183 18.9%

2069 15.66 13.20 -2.46 466 83,228 69,970 18.9%

2070 15.70 13.20 -2.50 457 86,679 72,868 19.0%

2071 15.74 13.20 -2.54 448 90,269 75,881 19.0%

2072 15.78 13.20 -2.57 438 94,003 79,015 19.0%

2073 15.81 13.21 -2.61 429 97,896 82,282 19.0%

2074 15.85 13.21 -2.64 418 101,950 85,685 19.0%

2075 15.88 13.21 -2.67 408 106,164 89,221 19.0%

2076 15.92 13.21 -2.71 397 110,548 92,900 19.0%

2077 15.96 13.21 -2.74 386 115,109 96,727 19.0%

2078 15.99 13.22 -2.78 375 119,858 100,711 19.0%

2079 16.03 13.22 -2.81 363 124,802 104,859 19.0%

2080 16.07 13.22 -2.85 351 129,946 109,174 19.0%

Summarized Rates: OASDI

2005 Cost Rate Income Rate

Actuarial 

Balance

-2079 13.35% 13.64% 0.28% 2.21%

Office of the Chief Actuary, Social Security

Estimates based on Intermediate Assumptions of the 2005 Trustees Report January 4, 2006

Detailed Single Year Tables

Category of Change: Level of OASDI Contribution and Benefit Base

Change in 

Actuarial Balance

Proposed Provision: Beginning in 2006, make all earnings subject to the payroll tax (but retain the 

current-law taxable maximum for benefit calculations)

OASDI Taxable Payroll 

(in billions of dollars)

Increase in 

Taxable 

Payroll over 

Present Law

Expressed as a percentage of taxable payroll Trust Fund 

Ratio 

1-1-year