Cost Rate

Income 

Rate

Annual 

Balance Cost Rate

Income 

Rate

Annual 

Balance

14.53 13.29 -1.24 204 0.00 0.00 0.00

14.87 12.89 -1.98 187 0.00 0.00 0.00

15.04 12.97 -2.07 168 0.00 0.00 0.00

15.16 13.08 -2.08 150 -0.08 -0.00 0.07

15.23 13.09 -2.14 133 -0.15 -0.01 0.15

15.32 13.12 -2.21 117 -0.23 -0.01 0.22

15.41 13.15 -2.27 101 -0.30 -0.02 0.29

15.49 13.17 -2.33 85 -0.38 -0.02 0.36

15.55 13.19 -2.36 69 -0.45 -0.02 0.43

15.62 13.21 -2.41 53 -0.52 -0.03 0.49

15.68 13.22 -2.46 38 -0.59 -0.03 0.56

15.72 13.22 -2.50 23 -0.66 -0.04 0.62

15.76 13.23 -2.53 7 -0.72 -0.04 0.68

15.77 13.23 -2.54 ---- -0.78 -0.04 0.74

15.79 13.23 -2.56 ---- -0.84 -0.05 0.79

15.80 13.24 -2.56 ---- -0.90 -0.05 0.85

15.80 13.24 -2.56 ---- -0.95 -0.05 0.89

15.78 13.24 -2.54 ---- -1.00 -0.06 0.94

15.76 13.24 -2.52 ---- -1.04 -0.06 0.98

15.73 13.24 -2.49 ---- -1.08 -0.06 1.02

15.71 13.24 -2.47 ---- -1.12 -0.06 1.06

15.69 13.24 -2.45 ---- -1.16 -0.07 1.09

15.67 13.24 -2.43 ---- -1.19 -0.07 1.12

15.66 13.24 -2.42 ---- -1.22 -0.07 1.15

15.65 13.24 -2.41 ---- -1.25 -0.07 1.18

15.65 13.24 -2.40 ---- -1.28 -0.07 1.21

15.65 13.24 -2.41 ---- -1.31 -0.08 1.23

15.66 13.24 -2.41 ---- -1.33 -0.08 1.25

15.67 13.25 -2.42 ---- -1.35 -0.08 1.27

15.68 13.25 -2.44 ---- -1.37 -0.08 1.29

15.71 13.25 -2.46 ---- -1.40 -0.08 1.31

15.75 13.25 -2.49 ---- -1.42 -0.08 1.33

15.79 13.26 -2.53 ---- -1.44 -0.08 1.35

15.84 13.26 -2.58 ---- -1.46 -0.09 1.37

15.90 13.27 -2.63 ---- -1.48 -0.09 1.39

15.96 13.27 -2.68 ---- -1.50 -0.09 1.42

16.01 13.28 -2.74 ---- -1.53 -0.09 1.44

16.07 13.28 -2.79 ---- -1.55 -0.09 1.46

16.12 13.29 -2.83 ---- -1.57 -0.09 1.48

16.16 13.29 -2.87 ---- -1.60 -0.09 1.50

16.20 13.29 -2.91 ---- -1.62 -0.10 1.53

16.24 13.30 -2.94 ---- -1.65 -0.10 1.55

16.27 13.30 -2.97 ---- -1.67 -0.10 1.57

16.30 13.30 -3.00 ---- -1.70 -0.10 1.60

16.33 13.31 -3.03 ---- -1.73 -0.10 1.62

16.36 13.31 -3.05 ---- -1.75 -0.10 1.65

16.39 13.31 -3.08 ---- -1.78 -0.11 1.67

16.42 13.32 -3.11 ---- -1.81 -0.11 1.70

16.45 13.32 -3.13 ---- -1.83 -0.11 1.73

16.47 13.32 -3.15 ---- -1.86 -0.11 1.75

16.49 13.32 -3.17 ---- -1.89 -0.11 1.78

16.51 13.33 -3.19 ---- -1.92 -0.11 1.80

16.52 13.33 -3.20 ---- -1.94 -0.12 1.83

16.52 13.33 -3.19 ---- -1.97 -0.12 1.85

16.51 13.33 -3.18 ---- -1.99 -0.12 1.87

16.49 13.33 -3.16 ---- -2.02 -0.12 1.89

16.45 13.33 -3.13 ---- -2.04 -0.12 1.92

16.40 13.32 -3.08 ---- -2.06 -0.12 1.94

16.35 13.32 -3.03 ---- -2.08 -0.13 1.96

16.29 13.32 -2.97 ---- -2.10 -0.13 1.98

16.22 13.31 -2.91 ---- -2.12 -0.13 2.00

16.15 13.31 -2.84 ---- -2.14 -0.13 2.01

16.07 13.30 -2.76 ---- -2.16 -0.13 2.03

15.98 13.30 -2.69 ---- -2.18 -0.13 2.04

15.90 13.29 -2.60 ---- -2.19 -0.13 2.06

15.81 13.29 -2.52 ---- -2.21 -0.13 2.07

15.73 13.28 -2.45 ---- -2.22 -0.13 2.09

15.66 13.28 -2.38 ---- -2.24 -0.13 2.10

15.59 13.27 -2.31 ---- -2.25 -0.14 2.12

15.53 13.27 -2.26 ---- -2.27 -0.14 2.13

15.49 13.27 -2.22 ---- -2.28 -0.14 2.15

15.45 13.27 -2.19 ---- -2.30 -0.14 2.16

15.43 13.26 -2.16 ---- -2.32 -0.14 2.18

15.41 13.26 -2.15 ---- -2.33 -0.14 2.19

15.40 13.26 -2.14 ---- -2.35 -0.14 2.21

15.40 13.26 -2.14 ---- -2.37 -0.14 2.23

Cost Rate Income Rate

Actuarial 

Balance Cost Rate Income Rate

Actuarial 

Balance

15.99% 13.70% -2.30% 2035 -1.39% -0.08% 1.31%

1

Office of the Chief Actuary

Social Security Administration

August 1, 2023

Year of reserve 

depletion1

Summarized Estimates: Change from Current Law

2023

-2097

Under current law, the year of Trust Fund reserve depletion is 2034.

Estimates based on Intermediate Assumptions of the 2023 Trustees Report

Summarized Estimates: Proposal

2095

2096

2097

2098

2094

2083

2084

2085

2086

2087

2088

2089

2090

2091

2092

2093

2082

2071

2072

2073

2074

2075

2076

2077

2078

2079

2080

2081

2070

2059

2060

2061

2062

2063

2064

2065

2066

2067

2068

2069

2058

2047

2048

2049

2050

2051

2052

2053

2054

2055

2056

2057

2046

2035

2036

2037

2038

2039

2040

2041

2042

2043

2044

2045

2034

2023

2024

2025

2026

2027

2028

2029

2030

2031

2032

2033

Detailed Single Year Tables

Category of Change: Cost-of-Living Adjustment

Proposal Change from Current Law

Proposed Provision: A9. For single/head-of-household/married-filing-separate taxpayers with modified adjusted gross 

income (MAGI) below $108,700 and for joint filers with MAGI below $217,400 for December 2025 ($85,000 and $170,000 

multiplied by estimated CPI-U for 2018-2025), use the chain-weighted version of the Consumer Price Index for All Urban 

Consumers (C-CPI-U) to calculate the cost-of-living adjustment (COLA), beginning with the December 2025 COLA. For 

those beneficiaries whose MAGI is above these thresholds, provide no COLA. Use prior tax year income data for this 

determination. Use the chain-weighted CPI for the COLA for years prior to benefit receipt. Index the eligibility income 

threshold amounts to the CPI-U after December 2025.

Expressed as a percentage of

current-law taxable payroll Trust Fund 

Ratio 

1-1-year

Expressed as a percentage of

current-law taxable payroll

Year