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 10.87 12.72 1.86 337 5,045 4,985 1.2%

2007 10.70 12.74 2.04 356 5,366 5,244 2.3%

2008 10.63 12.77 2.14 374 5,695 5,511 3.3%

2009 10.67 12.76 2.08 390 6,029 5,784 4.2%

2010 10.71 12.77 2.07 406 6,373 6,065 5.1%

2011 10.79 12.82 2.02 421 6,725 6,354 5.8%

2012 10.95 12.85 1.89 433 7,082 6,646 6.6%

2013 11.14 12.87 1.74 444 7,448 6,946 7.2%

2014 11.33 12.88 1.55 453 7,828 7,258 7.8%

2015 11.53 12.90 1.37 460 8,225 7,583 8.5%

2016 11.80 12.92 1.11 466 8,592 7,919 8.5%

2017 12.09 12.93 0.84 469 8,968 8,268 8.5%

2018 12.38 12.95 0.57 471 9,365 8,630 8.5%

2019 12.67 12.97 0.30 471 9,776 9,005 8.6%

2020 12.97 12.99 0.02 469 10,197 9,391 8.6%

2021 13.26 13.01 -0.26 466 10,635 9,794 8.6%

2022 13.56 13.03 -0.53 461 11,085 10,209 8.6%

2023 13.85 13.04 -0.80 454 11,552 10,640 8.6%

2024 14.13 13.06 -1.07 447 12,037 11,085 8.6%

2025 14.40 13.08 -1.33 438 12,543 11,545 8.6%

2026 14.67 13.09 -1.58 428 13,069 12,024 8.7%

2027 14.93 13.11 -1.82 417 13,618 12,527 8.7%

2028 15.16 13.13 -2.03 405 14,188 13,054 8.7%

2029 15.37 13.14 -2.23 393 14,778 13,599 8.7%

2030 15.56 13.15 -2.40 380 15,397 14,166 8.7%

2031 15.74 13.17 -2.57 367 16,044 14,758 8.7%

2032 15.89 13.18 -2.71 353 16,720 15,381 8.7%

2033 16.03 13.19 -2.84 339 17,420 16,033 8.7%

2034 16.12 13.20 -2.93 325 18,160 16,714 8.7%

2035 16.20 13.20 -3.00 311 18,932 17,418 8.7%

2036 16.27 13.21 -3.06 296 19,734 18,153 8.7%

2037 16.32 13.22 -3.10 281 20,572 18,923 8.7%

2038 16.36 13.22 -3.14 266 21,440 19,728 8.7%

2039 16.38 13.22 -3.15 251 22,356 20,569 8.7%

2040 16.39 13.23 -3.16 235 23,311 21,442 8.7%

2041 16.41 13.23 -3.18 220 24,306 22,353 8.7%

2042 16.43 13.23 -3.19 204 25,338 23,302 8.7%

2043 16.45 13.24 -3.21 187 26,406 24,292 8.7%

2044 16.46 13.24 -3.22 171 27,525 25,321 8.7%

2045 16.48 13.24 -3.24 154 28,691 26,386 8.7%

2046 16.50 13.25 -3.26 137 29,899 27,491 8.8%

2047 16.53 13.25 -3.28 119 31,154 28,642 8.8%

2048 16.56 13.25 -3.30 101 32,458 29,842 8.8%

2049 16.59 13.26 -3.33 83 33,811 31,085 8.8%

2050 16.62 13.26 -3.36 64 35,221 32,374 8.8%

2051 16.66 13.26 -3.40 45 36,690 33,719 8.8%

2052 16.71 13.27 -3.44 26 38,212 35,120 8.8%

2053 16.76 13.27 -3.49 6 39,793 36,579 8.8%

2054 16.81 13.28 -3.53 ---- 41,446 38,101 8.8%

2055 16.86 13.28 -3.58 ---- 43,170 39,682 8.8%

2056 16.92 13.28 -3.63 ---- 44,961 41,324 8.8%

2057 16.97 13.29 -3.68 ---- 46,824 43,036 8.8%

2058 17.03 13.29 -3.74 ---- 48,757 44,817 8.8%

2059 17.09 13.30 -3.79 ---- 50,768 46,670 8.8%

2060 17.14 13.30 -3.84 ---- 52,873 48,600 8.8%

2061 17.20 13.31 -3.89 ---- 55,055 50,605 8.8%

2062 17.26 13.31 -3.95 ---- 57,334 52,699 8.8%

2063 17.33 13.32 -4.01 ---- 59,703 54,883 8.8%

2064 17.39 13.32 -4.07 ---- 62,171 57,155 8.8%

2065 17.45 13.32 -4.12 ---- 64,746 59,520 8.8%

2066 17.51 13.33 -4.18 ---- 67,406 61,964 8.8%

2067 17.57 13.33 -4.24 ---- 70,176 64,511 8.8%

2068 17.63 13.34 -4.29 ---- 73,080 67,183 8.8%

2069 17.68 13.34 -4.34 ---- 76,111 69,970 8.8%

2070 17.73 13.34 -4.38 ---- 79,266 72,868 8.8%

2071 17.77 13.35 -4.42 ---- 82,547 75,881 8.8%

2072 17.82 13.35 -4.47 ---- 85,961 79,015 8.8%

2073 17.86 13.35 -4.51 ---- 89,521 82,282 8.8%

2074 17.90 13.36 -4.54 ---- 93,224 85,685 8.8%

2075 17.94 13.36 -4.58 ---- 97,073 89,221 8.8%

2076 17.99 13.36 -4.62 ---- 101,080 92,900 8.8%

2077 18.03 13.36 -4.66 ---- 105,250 96,727 8.8%

2078 18.07 13.37 -4.70 ---- 109,591 100,711 8.8%

2079 18.11 13.37 -4.74 ---- 114,111 104,859 8.8%

2080 18.16 13.37 -4.78 ---- 118,814 109,174 8.8%

Summarized Rates: OASDI

2005 Cost Rate Income Rate

Actuarial 

Balance

-2079 14.88% 13.79% -1.09% 0.83%

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: Determine the level of the contribution and benefit base such that 90 percent of 

the earnings would be subject to the payroll tax (phased in 2006-2015). All earnings subject to the 

payroll tax would be used in determining benefits

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