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 10.97 12.73 1.76 337 4,996 4,985 0.2%

2007 10.89 12.74 1.85 355 5,271 5,244 0.5%

2008 10.90 12.78 1.88 371 5,554 5,511 0.8%

2009 11.01 12.77 1.75 384 5,842 5,784 1.0%

2010 11.12 12.79 1.67 397 6,139 6,065 1.2%

2011 11.26 12.84 1.57 408 6,444 6,354 1.4%

2012 11.49 12.87 1.38 416 6,751 6,646 1.6%

2013 11.73 12.90 1.16 422 7,067 6,946 1.7%

2014 11.99 12.91 0.92 425 7,394 7,258 1.9%

2015 12.25 12.93 0.68 428 7,736 7,583 2.0%

2016 12.52 12.95 0.42 428 8,089 7,919 2.1%

2017 12.81 12.96 0.15 426 8,455 8,268 2.3%

2018 13.10 12.98 -0.12 422 8,834 8,630 2.4%

2019 13.39 13.00 -0.39 418 9,228 9,005 2.5%

2020 13.69 13.02 -0.67 411 9,633 9,391 2.6%

2021 13.99 13.04 -0.95 404 10,055 9,794 2.7%

2022 14.28 13.05 -1.23 395 10,491 10,209 2.8%

2023 14.57 13.07 -1.50 384 10,943 10,640 2.9%

2024 14.85 13.09 -1.76 373 11,411 11,085 2.9%

2025 15.12 13.10 -2.02 360 11,895 11,545 3.0%

2026 15.40 13.12 -2.28 346 12,399 12,024 3.1%

2027 15.65 13.14 -2.51 332 12,929 12,527 3.2%

2028 15.87 13.15 -2.72 316 13,483 13,054 3.3%

2029 16.07 13.16 -2.90 300 14,058 13,599 3.4%

2030 16.25 13.18 -3.07 284 14,656 14,166 3.5%

2031 16.42 13.19 -3.23 267 15,281 14,758 3.5%

2032 16.57 13.20 -3.37 249 15,939 15,381 3.6%

2033 16.68 13.21 -3.48 231 16,628 16,033 3.7%

2034 16.77 13.21 -3.56 213 17,348 16,714 3.8%

2035 16.84 13.22 -3.62 194 18,094 17,418 3.9%

2036 16.91 13.22 -3.68 175 18,863 18,153 3.9%

2037 16.96 13.23 -3.73 156 19,669 18,923 3.9%

2038 16.99 13.23 -3.76 136 20,513 19,728 4.0%

2039 17.01 13.24 -3.77 116 21,394 20,569 4.0%

2040 17.02 13.24 -3.78 96 22,310 21,442 4.0%

2041 17.04 13.24 -3.80 75 23,257 22,353 4.0%

2042 17.07 13.24 -3.83 54 24,244 23,302 4.0%

2043 17.09 13.24 -3.85 33 25,274 24,292 4.0%

2044 17.11 13.25 -3.87 11 26,345 25,321 4.0%

2045 17.14 13.25 -3.89 ---- 27,452 26,386 4.0%

2046 17.17 13.25 -3.92 ---- 28,602 27,491 4.0%

2047 17.21 13.26 -3.96 ---- 29,800 28,642 4.0%

2048 17.25 13.26 -3.99 ---- 31,047 29,842 4.0%

2049 17.29 13.26 -4.03 ---- 32,340 31,085 4.0%

2050 17.33 13.26 -4.07 ---- 33,682 32,374 4.0%

2051 17.38 13.27 -4.11 ---- 35,080 33,719 4.0%

2052 17.44 13.27 -4.17 ---- 36,538 35,120 4.0%

2053 17.50 13.28 -4.22 ---- 38,055 36,579 4.0%

2054 17.56 13.28 -4.28 ---- 39,638 38,101 4.0%

2055 17.62 13.28 -4.33 ---- 41,283 39,682 4.0%

2056 17.69 13.29 -4.40 ---- 42,991 41,324 4.0%

2057 17.75 13.29 -4.46 ---- 44,771 43,036 4.0%

2058 17.82 13.30 -4.52 ---- 46,624 44,817 4.0%

2059 17.89 13.30 -4.59 ---- 48,552 46,670 4.0%

2060 17.95 13.31 -4.65 ---- 50,559 48,600 4.0%

2061 18.02 13.31 -4.71 ---- 52,645 50,605 4.0%

2062 18.09 13.31 -4.78 ---- 54,823 52,699 4.0%

2063 18.16 13.32 -4.84 ---- 57,095 54,883 4.0%

2064 18.23 13.32 -4.91 ---- 59,458 57,155 4.0%

2065 18.30 13.33 -4.98 ---- 61,918 59,520 4.0%

2066 18.37 13.33 -5.04 ---- 64,460 61,964 4.0%

2067 18.44 13.34 -5.11 ---- 67,109 64,511 4.0%

2068 18.51 13.34 -5.17 ---- 69,888 67,183 4.0%

2069 18.57 13.34 -5.22 ---- 72,787 69,970 4.0%

2070 18.62 13.35 -5.28 ---- 75,801 72,868 4.0%

2071 18.68 13.35 -5.33 ---- 78,935 75,881 4.0%

2072 18.73 13.35 -5.37 ---- 82,195 79,015 4.0%

2073 18.78 13.36 -5.42 ---- 85,594 82,282 4.0%

2074 18.83 13.36 -5.47 ---- 89,133 85,685 4.0%

2075 18.88 13.36 -5.51 ---- 92,810 89,221 4.0%

2076 18.93 13.37 -5.56 ---- 96,637 92,900 4.0%

2077 18.97 13.37 -5.60 ---- 100,618 96,727 4.0%

2078 19.02 13.37 -5.65 ---- 104,762 100,711 4.0%

2079 19.07 13.37 -5.70 ---- 109,076 104,859 4.0%

2080 19.12 13.38 -5.74 ---- 113,564 109,174 4.0%

Summarized Rates: OASDI

2005 Cost Rate Income Rate

Actuarial 

Balance

-2079 15.54% 13.84% -1.71% 0.22%

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: Coverage of Employment

Change in 

Actuarial Balance

Proposed Provision: Cover newly hired State and local government employees beginning in 2006

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