Year Cost Rate

Income 

Rate

Annual 

Balance

Proposed 

Plan

Present 

Law

2008 11.20 12.77 1.57 359 5,567 5,567 0.0%

2009 11.26 12.81 1.54 369 5,859 5,859 0.0%

2010 11.37 12.82 1.46 378 6,155 6,155 0.0%

2011 11.53 12.84 1.31 386 6,449 6,449 0.0%

2012 11.76 12.87 1.11 392 6,746 6,746 0.0%

2013 12.03 12.90 0.87 394 7,055 7,055 0.0%

2014 12.32 12.92 0.60 395 7,373 7,373 0.0%

2015 12.62 12.94 0.32 393 7,701 7,701 0.0%

2016 12.92 12.96 0.04 390 8,039 8,039 0.0%

2017 13.24 12.99 -0.25 385 8,390 8,390 0.0%

2018 13.54 13.01 -0.53 378 8,759 8,759 0.0%

2019 13.84 13.03 -0.81 371 9,142 9,142 0.0%

2020 14.14 13.04 -1.09 361 9,539 9,539 0.0%

2021 14.42 13.06 -1.36 351 9,952 9,952 0.0%

2022 14.69 13.08 -1.61 341 10,381 10,381 0.0%

2023 14.95 13.10 -1.85 329 10,827 10,827 0.0%

2024 15.19 13.11 -2.08 316 11,293 11,293 0.0%

2025 15.42 13.13 -2.30 302 11,778 11,777 0.0%

2026 15.63 13.14 -2.49 288 12,284 12,284 0.0%

2027 15.83 13.16 -2.68 273 12,811 12,810 0.0%

2028 16.02 13.17 -2.85 257 13,362 13,360 0.0%

2029 16.18 13.18 -3.00 240 13,939 13,937 0.0%

2030 16.32 13.19 -3.13 223 14,542 14,539 0.0%

2031 16.44 13.20 -3.24 206 15,176 15,172 0.0%

2032 16.53 13.20 -3.33 188 15,838 15,833 0.0%

2033 16.60 13.21 -3.39 170 16,534 16,528 0.0%

2034 16.64 13.21 -3.43 152 17,263 17,257 0.0%

2035 16.66 13.22 -3.45 133 18,025 18,017 0.0%

2036 16.67 13.22 -3.45 114 18,819 18,810 0.0%

2037 16.66 13.22 -3.44 95 19,650 19,640 0.0%

2038 16.63 13.22 -3.41 76 20,520 20,509 0.1%

2039 16.58 13.22 -3.36 57 21,432 21,420 0.1%

2040 16.52 13.22 -3.31 38 22,386 22,373 0.1%

2041 16.45 13.22 -3.24 19 23,382 23,368 0.1%

2042 16.38 13.21 -3.17 ---- 24,424 24,408 0.1%

2043 16.32 13.21 -3.11 ---- 25,511 25,494 0.1%

2044 16.25 13.21 -3.04 ---- 26,650 26,630 0.1%

2045 16.19 13.21 -2.99 ---- 27,833 27,812 0.1%

2046 16.15 13.20 -2.95 ---- 29,067 29,043 0.1%

2047 16.10 13.20 -2.90 ---- 30,352 30,327 0.1%

2048 16.06 13.20 -2.86 ---- 31,694 31,666 0.1%

2049 16.01 13.20 -2.81 ---- 33,093 33,062 0.1%

2050 15.97 13.20 -2.77 ---- 34,548 34,514 0.1%

2051 15.93 13.19 -2.73 ---- 36,064 36,028 0.1%

2052 15.90 13.19 -2.70 ---- 37,652 37,612 0.1%

2053 15.87 13.19 -2.68 ---- 39,310 39,267 0.1%

2054 15.85 13.19 -2.66 ---- 41,040 40,993 0.1%

2055 15.83 13.19 -2.64 ---- 42,844 42,793 0.1%

2056 15.83 13.19 -2.63 ---- 44,722 44,666 0.1%

2057 15.82 13.19 -2.63 ---- 46,684 46,625 0.1%

2058 15.82 13.19 -2.63 ---- 48,734 48,670 0.1%

2059 15.81 13.19 -2.62 ---- 50,878 50,809 0.1%

2060 15.81 13.19 -2.62 ---- 53,113 53,039 0.1%

2061 15.82 13.19 -2.63 ---- 55,442 55,363 0.1%

2062 15.82 13.19 -2.63 ---- 57,877 57,794 0.1%

2063 15.82 13.19 -2.63 ---- 60,421 60,331 0.1%

2064 15.81 13.19 -2.62 ---- 63,077 62,981 0.2%

2065 15.80 13.19 -2.61 ---- 65,849 65,746 0.2%

Detailed Single Year Tables

Category of Change: Retirement Age

Proposed Provision: Index benefits to longevity after the normal retirement age (NRA) reaches age 67 

under current law. Under current law, the NRA reaches 67 for individuals who attain age 62 in 2022 and 

later. Under this provision, the NRA would be further increased by one month for those attaining age 62 

in every other year after 2022.

OASDI Taxable Payroll 

(in billions of dollars)

Increase in 

Taxable 

Payroll over 

Present Law

Expressed as a percentage of taxable payrol Trust Fund 

Ratio 

1-1-year
2066 15.78 13.19 -2.59 ---- 68,739 68,626 0.2%

2067 15.76 13.19 -2.57 ---- 71,756 71,635 0.2%

2068 15.77 13.19 -2.57 ---- 74,907 74,778 0.2%

2069 15.78 13.19 -2.59 ---- 78,189 78,052 0.2%

2070 15.81 13.19 -2.62 ---- 81,604 81,460 0.2%

2071 15.87 13.20 -2.67 ---- 85,165 85,014 0.2%

2072 15.91 13.20 -2.71 ---- 88,890 88,734 0.2%

2073 15.96 13.20 -2.76 ---- 92,776 92,613 0.2%

2074 16.01 13.21 -2.80 ---- 96,827 96,656 0.2%

2075 16.05 13.21 -2.84 ---- 101,054 100,875 0.2%

2076 16.09 13.21 -2.88 ---- 105,455 105,268 0.2%

2077 16.13 13.21 -2.92 ---- 110,048 109,853 0.2%

2078 16.18 13.21 -2.96 ---- 114,829 114,625 0.2%

2079 16.22 13.22 -3.00 ---- 119,817 119,604 0.2%

2080 16.26 13.22 -3.04 ---- 125,020 124,794 0.2%

2081 16.30 13.22 -3.08 ---- 130,490 130,212 0.2%

2082 16.34 13.22 -3.12 ---- 136,171 135,862 0.2%

2083 16.38 13.23 -3.16 ---- 142,078 141,756 0.2%

2084 16.42 13.23 -3.20 ---- 148,248 147,912 0.2%

2085 16.47 13.23 -3.24 ---- 154,632 154,350 0.2%

Summarized Rates: OASDI

2008 Cost Rate Income Rate

Actuarial 

Balance

-2082 15.24% 13.91% -1.32% 0.37%

Office of the Chief Actuary, Social Security

Estimates based on Intermediate Assumptions of the 2008 Trustees Report

Change in 

Actuarial Balance

July 18, 2008