Year Cost Rate

Income 

Rate

Annual 

Balance

2008 11.20 12.77 1.57 359

2009 11.26 12.81 1.54 369

2010 11.37 12.82 1.46 378

2011 11.53 12.84 1.31 386

2012 11.76 12.87 1.11 392

2013 12.03 12.90 0.87 394

2014 12.32 12.92 0.60 395

2015 12.62 12.94 0.32 393

2016 12.92 12.96 0.04 390

2017 13.24 12.99 -0.25 385

2018 13.52 13.01 -0.52 379

2019 13.82 13.02 -0.79 371

2020 14.10 13.04 -1.06 363

2021 14.36 13.06 -1.30 353

2022 14.61 13.08 -1.53 343

2023 14.84 13.09 -1.75 332

2024 15.05 13.11 -1.95 321

2025 15.25 13.12 -2.13 308

2026 15.43 13.13 -2.30 295

2027 15.60 13.14 -2.46 282

2028 15.75 13.15 -2.60 268

2029 15.88 13.16 -2.72 253

2030 15.99 13.17 -2.82 238

2031 16.07 13.18 -2.89 223

2032 16.12 13.18 -2.94 207

2033 16.15 13.19 -2.96 192

2034 16.15 13.19 -2.96 176

2035 16.13 13.19 -2.94 160

2036 16.10 13.19 -2.90 145

2037 16.04 13.19 -2.85 129

2038 15.97 13.19 -2.79 114

2039 15.89 13.18 -2.70 98

2040 15.79 13.18 -2.61 83

2041 15.69 13.18 -2.51 69

2042 15.59 13.17 -2.41 54

2043 15.48 13.17 -2.32 40

2044 15.38 13.16 -2.22 25

2045 15.28 13.16 -2.12 12

2046 15.18 13.15 -2.03 ----

2047 15.09 13.15 -1.94 ----

2048 15.01 13.15 -1.86 ----

2049 14.92 13.14 -1.78 ----

2050 14.85 13.14 -1.71 ----

2051 14.78 13.14 -1.64 ----

2052 14.71 13.13 -1.58 ----

2053 14.65 13.13 -1.52 ----

2054 14.60 13.13 -1.47 ----

2055 14.55 13.13 -1.42 ----

2056 14.50 13.12 -1.38 ----

2057 14.46 13.12 -1.34 ----

2058 14.42 13.12 -1.30 ----

2059 14.37 13.12 -1.25 ----

2060 14.33 13.12 -1.21 ----

2061 14.29 13.11 -1.17 ----

2062 14.25 13.11 -1.14 ----

2063 14.21 13.11 -1.10 ----

2064 14.17 13.11 -1.06 ----

2065 14.13 13.11 -1.03 ----

Detailed Single Year Tables

Category of Change: Level of Monthly Benefits (PIA)

Proposed Provision: Progressive price indexing of PIA formula factors beginning with individuals newly 

eligible for OASI benefits in 2016. Create new bend point at the 30th percentile of earners. Maintain 

current-law benefits for earners at the 30th percentile and below and reduce upper 2 formula factors 

(32% and 15%) such that maximum worker benefit grows by inflation rather than the growth in average 

wages. Disability benefits are not affected by the proposal. Disabled worker beneficiaries, upon 

attaining normal retirement age, would be subject to a proportional reduction in benefits based on the 

worker's years of disability.

Expressed as a percentage of taxable payrol Trust Fund 

Ratio 

1-1-year
2066 14.10 13.11 -1.00 ----

2067 14.07 13.10 -0.97 ----

2068 14.04 13.10 -0.94 ----

2069 14.01 13.10 -0.91 ----

2070 13.98 13.10 -0.88 ----

2071 13.96 13.10 -0.86 ----

2072 13.93 13.10 -0.83 ----

2073 13.91 13.10 -0.81 ----

2074 13.89 13.10 -0.79 ----

2075 13.86 13.10 -0.77 ----

2076 13.84 13.09 -0.75 ----

2077 13.82 13.09 -0.73 ----

2078 13.80 13.09 -0.71 ----

2079 13.79 13.09 -0.70 ----

2080 13.77 13.09 -0.68 ----

2081 13.75 13.09 -0.66 ----

2082 13.74 13.09 -0.65 ----

2083 13.72 13.09 -0.63 ----

2084 13.70 13.09 -0.62 ----

2085 13.69 13.09 -0.60 ----

Summarized Rates: OASDI

2008 Cost Rate Income Rate

Actuarial 

Balance

-2082 14.44% 13.87% -0.57% 1.13%

Office of the Chief Actuary, Social Security

Estimates based on Intermediate Assumptions of the 2008 Trustees Report

Change in 

Actuarial Balance

July 17, 2008