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 9.31 12.73 3.41 408 6,500 5,511 17.9%

2009 9.43 12.72 3.29 440 6,828 5,784 18.1%

2010 9.53 12.73 3.20 470 7,166 6,065 18.1%

2011 9.67 12.78 3.10 498 7,515 6,354 18.3%

2012 9.88 12.80 2.93 522 7,870 6,646 18.4%

2013 10.10 12.83 2.73 543 8,233 6,946 18.5%

2014 10.34 12.84 2.50 561 8,607 7,258 18.6%

2015 10.59 12.86 2.27 576 8,994 7,583 18.6%

2016 10.85 12.88 2.02 589 9,392 7,919 18.6%

2017 11.13 12.90 1.77 600 9,807 8,268 18.6%

2018 11.40 12.92 1.51 608 10,236 8,630 18.6%

2019 11.68 12.93 1.25 614 10,682 9,005 18.6%

2020 11.97 12.95 0.98 619 11,141 9,391 18.6%

2021 12.26 12.97 0.71 622 11,619 9,794 18.6%

2022 12.54 12.99 0.45 623 12,112 10,209 18.6%

2023 12.81 13.01 0.19 622 12,624 10,640 18.7%

2024 13.09 13.02 -0.06 621 13,152 11,085 18.7%

2025 13.36 13.04 -0.32 618 13,699 11,545 18.7%

2026 13.62 13.06 -0.56 613 14,268 12,024 18.7%

2027 13.87 13.08 -0.79 608 14,867 12,527 18.7%

2028 14.09 13.09 -1.00 602 15,492 13,054 18.7%

2029 14.29 13.11 -1.19 597 16,140 13,599 18.7%

2030 14.48 13.12 -1.36 590 16,814 14,166 18.7%

2031 14.66 13.13 -1.52 584 17,518 14,758 18.7%

2032 14.81 13.15 -1.66 576 18,258 15,381 18.7%

2033 14.94 13.16 -1.78 569 19,034 16,033 18.7%

2034 15.03 13.16 -1.87 563 19,843 16,714 18.7%

2035 15.12 13.17 -1.95 556 20,680 17,418 18.7%

2036 15.19 13.18 -2.01 550 21,554 18,153 18.7%

2037 15.25 13.19 -2.06 543 22,469 18,923 18.7%

2038 15.29 13.19 -2.10 537 23,426 19,728 18.7%

2039 15.31 13.20 -2.12 531 24,425 20,569 18.8%

2040 15.34 13.20 -2.14 524 25,464 21,442 18.8%

2041 15.36 13.20 -2.16 518 26,546 22,353 18.8%

2042 15.38 13.21 -2.18 511 27,675 23,302 18.8%

2043 15.40 13.21 -2.19 505 28,853 24,292 18.8%

2044 15.42 13.21 -2.21 498 30,077 25,321 18.8%

2045 15.45 13.22 -2.23 491 31,343 26,386 18.8%

2046 15.48 13.22 -2.26 483 32,657 27,491 18.8%

2047 15.51 13.22 -2.28 476 34,027 28,642 18.8%

2048 15.54 13.23 -2.31 468 35,453 29,842 18.8%

2049 15.57 13.23 -2.34 460 36,933 31,085 18.8%

2050 15.61 13.24 -2.37 452 38,466 32,374 18.8%

2051 15.65 13.24 -2.41 443 40,066 33,719 18.8%

2052 15.69 13.24 -2.45 434 41,733 35,120 18.8%

2053 15.74 13.25 -2.49 424 43,469 36,579 18.8%

2054 15.79 13.25 -2.53 414 45,281 38,101 18.8%

2055 15.83 13.26 -2.58 404 47,162 39,682 18.9%

2056 15.89 13.26 -2.63 393 49,116 41,324 18.9%

2057 15.94 13.27 -2.68 382 51,154 43,036 18.9%

2058 16.00 13.27 -2.73 370 53,275 44,817 18.9%

2059 16.05 13.27 -2.77 359 55,481 46,670 18.9%

2060 16.10 13.28 -2.82 346 57,777 48,600 18.9%

2061 16.15 13.28 -2.87 334 60,165 50,605 18.9%

2062 16.21 13.29 -2.92 321 62,658 52,699 18.9%

2063 16.26 13.29 -2.97 307 65,259 54,883 18.9%

2064 16.32 13.29 -3.02 293 67,965 57,155 18.9%

2065 16.37 13.30 -3.07 278 70,781 59,520 18.9%

2066 16.43 13.30 -3.13 264 73,692 61,964 18.9%

2067 16.48 13.31 -3.18 248 76,725 64,511 18.9%

2068 16.53 13.31 -3.23 233 79,908 67,183 18.9%

2069 16.58 13.31 -3.27 217 83,228 69,970 18.9%

2070 16.63 13.32 -3.31 200 86,679 72,868 19.0%

2071 16.67 13.32 -3.35 183 90,269 75,881 19.0%

2072 16.71 13.32 -3.39 166 94,003 79,015 19.0%

2073 16.75 13.32 -3.42 148 97,896 82,282 19.0%

2074 16.79 13.33 -3.46 130 101,950 85,685 19.0%

2075 16.82 13.33 -3.50 112 106,164 89,221 19.0%

2076 16.86 13.33 -3.53 93 110,548 92,900 19.0%

2077 16.90 13.33 -3.57 73 115,109 96,727 19.0%

2078 16.94 13.34 -3.61 54 119,858 100,711 19.0%

2079 16.98 13.34 -3.64 33 124,802 104,859 19.0%

2080 17.02 13.34 -3.68 13 129,946 109,174 19.0%

Summarized Rates: OASDI

2005 Cost Rate Income Rate

Actuarial 

Balance

-2079 13.80% 13.69% -0.10% 1.82%

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 and credit them for 

benefit purposes

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