SOCIAL SECURITY ADMINISTRATION BALTIMORE, MD 21235-0001

SOCIAL SECURITY

Office of the Chief Actuary

August 2, 2017

The Honorable Charlie Crist

United States House of Representatives 

Washington, D.C. 20515

Dear Representative Crist:

I am writing in response to your request for estimates of the financial effects on Social Security 

of H.R. 1631, the “Save Social Security Act of 2017,” which you introduced March 20, 2017. 

The estimates provided here reflect the intermediate assumptions of the 2016 Trustees Report. 

This Bill (hereafter referred to as the proposal) includes three provisions with direct effects on 

the Social Security Trust Funds. We have enjoyed working closely with Chris Fisher of your 

staff in developing estimates for this proposal. The estimates and analysis provided here reflect 

the combined effort of many in the Office of the Chief Actuary, but most particularly Karen 

Glenn, Christopher Chaplain, Daniel Nickerson, Kyle Burkhalter, Eugene Yang, Anna Kirjusina, 

and Tiffany Bosley. 

The enclosed tables provide estimates of the effects of the three provisions on the cost, income, 

and combined trust fund reserves for the Old Age, Survivors, and Disability Insurance (OASDI)

program, as well as estimated effects on retired worker benefit levels for selected hypothetical 

workers and effects on payroll tax levels. In addition, tables 1b and 1b.n provide estimates of the 

federal budget implications of the three provisions with direct effects on the OASDI program.

Assuming enactment of the proposal, the projected trust fund reserve depletion year for 

theoretical combined OASDI and DI Trust Funds would be extended to 2064. Under current 

law, the projected trust fund reserve depletion year for the combined trust funds is 2034. 

The following list briefly identifies each of the three provisions of the proposal:

Section 2. Apply the combined OASDI payroll tax rate on earnings above $300,000, effective for 

2018 and later. Tax all earnings once the current-law taxable maximum exceeds $300,000. 

Section 3. Provide benefit credit on earnings taxed above the current-law taxable maximum.

The primary insurance amount (PIA) would be augmented using an “AIME+” method.

Section 4. Replace the current-law thresholds for federal income taxation of OASDI benefits 

with a threshold of $100,000 for single filers and married taxpayers filing jointly and a 

threshold of $50,000 for married taxpayers filing separately, for taxation of up to 85 percent 
Page 2 – The Honorable Charlie Crist

of OASDI benefits, effective for tax year 2018. These thresholds would be fixed and not 

indexed to price inflation or average wage increase. The revenue from actual taxation of 

OASDI benefits will be less under this provision than under current law. However, the total 

revenue that would be allocated to the OASI, DI, and HI Trust Funds will be the same as if the 

current-law computation (in the absence of this provision) were applied including necessary 

supplemental transfers from the General Fund of the Treasury. 

The balance of this letter provides a summary of the effects of the three provisions on the 

actuarial status of the OASDI program, our understanding of the specifications and intent of each 

of the three provisions, and descriptions of our detailed financial estimates for trust fund 

operations, benefit levels, and implications for the federal budget. See the “Specification for 

Provisions of the Proposal” section of this letter for a more detailed description of these three 

provisions.

Summary of Effects of the Proposal on OASDI Actuarial Status

Figure 1 illustrates the projected OASDI Trust Fund ratio through 2090 under current law and 

assuming enactment of the proposal. The trust fund ratio is defined as the combined Social 

Security Trust Fund reserves expressed as a percent of annual program cost. Assuming 

enactment of the proposal, the combined Social Security Trust Fund reserves would deplete in 

2064, 30 years later than the projected reserve depletion date under current law.
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Note: Trust Fund Ratio for a given year is the ratio of reserves in the combined Social Security Trust Fund at the 

beginning of the year to the cost of the program for the year.

Under current law, 79 percent of scheduled benefits are projected to be payable on a timely basis 

in 2034 after depletion of the combined trust fund reserves, with the percentage payable 

declining to 74 percent for 2090. Under the proposal, the OASDI program would be able to pay 

100 percent of scheduled benefits through 2063, 92 percent in 2064 after combined trust fund 

reserve depletion, with the percentage payable declining to 88 percent in 2090.

Enactment of the three provisions of this proposal would reduce the long-range OASDI actuarial 

deficit from 2.66 percent of taxable payroll under current law to 0.66 percent of payroll under the 

proposal.

Figure 2 illustrates annual projected levels of cost, expenditures, and non-interest income as a 

percent of the current-law taxable payroll. The projected level of cost reflects the full cost of 

scheduled benefits under both current law and the proposal. Under the proposal, projected 

expenditures equal the full cost of scheduled benefits through 2063, but are lower than scheduled 

benefits in 2064 and later after Trust Fund reserves deplete. 

0

50

100

150

200

250

300

350

400

2016 2020 2030 2040 2050 2060 2070 2080 2090

Trust Fund Ratio

Figure 1. Current-Law and Proposal OASDI Trust Fund Reserves as Percent of 

Annual Cost: 2016 TR Intermediate Assumptions

Current Law Trust Fund Ratio

Proposal
Page 4 – The Honorable Charlie Crist

OASDI program annual cost under the proposal is higher than under current law by at least 0.01 

percent of payroll, starting in 2029. This difference between proposal and current-law cost

increases gradually to 0.1 percent of current-law payroll for 2090. Beginning in 2018, noninterest income under the proposal is projected to be higher than under current law. This

difference between proposal and current-law income increases from 1.2 percent of current-law 

payroll for 2018 to 2.3 percent of payroll for 2039, and thereafter increases very gradually, 

reaching 2.4 percent of payroll for 2090. For 2018 and later, the proposal improves the annual 

balance (non-interest income minus program cost).

It is also useful to consider the projected cost, expenditures, and income for the OASDI program 

expressed as a percentage of Gross Domestic Product (GDP). Figure 3 illustrates these levels 

under both current law and the proposal.

11

12

13

14

15

16

17

18

19

2016 2020 2030 2040 2050 2060 2070 2080 2090

Percent of Current-Law Taxable Payroll

Figure 2. Proposal and Current-Law Cost, Expenditures, and Non-Interest Income 

as Percent of Taxable Payroll: 2016 TR Intermediate Assumptions

Current Law Cost

Current Law Non-Interest Income

Current Law Expenditures

Proposal Cost

Proposal Non-Interest Income

Proposal Expenditures
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Specification for Provisions of the Proposal

Section 2. Apply the combined OASDI payroll tax rate on earnings above $300,000, 

effective for 2018 and later. 

This provision applies the OASDI payroll tax rate to earnings above $300,000 in 2018 and later. 

The $300,000 level is a fixed amount after 2018 and not indexed to the average wage increase. 

All earnings would be taxed once the current-law taxable maximum exceeds $300,000, which is 

projected to occur in 2040. 

We estimate that enactment of this provision alone would reduce the long-range OASDI 

actuarial deficit by 2.08 percent of taxable payroll and would reduce the annual deficit for the 

75th projection year (2090) by 2.45 percent of payroll.

Section 3. Provide benefit credit for earnings taxed above the current-law taxable 

maximum.

Under this provision, the primary insurance amount (PIA) would be determined in two 

components. The first component would be computed exactly as under current law, based on the 

average indexed monthly earnings (AIME), limited to earnings up to the level of the current-law 

OASDI taxable maximum ($118,500 for 2016) for each year. The second component of the PIA 

4.0

4.5

5.0

5.5

6.0

6.5

2016 2020 2030 2040 2050 2060 2070 2080 2090

Percent of GDP

Figure 3. Proposal and Current-Law Cost, Expenditures, and Non-Interest Income 

as Percent of GDP: 2016 TR Intermediate Assumptions

Current Law Cost

Current Law Non-Interest Income

Current Law Expenditures

Proposal Cost

Proposal Non-Interest Income

Proposal Expenditures
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would be computed using the “AIME+”, which would be equal to the sum of the indexed

earnings in excess of the current-law taxable maximum for the 35 years with the highest indexed 

excess amounts, divided by 420. This second PIA component would be equal to 3 percent of the 

AIME+. 

We estimate that enactment of this provision (assuming enactment of Section 2) would increase 

the long-range OASDI actuarial deficit by 0.08 percent of taxable payroll and would increase the 

annual deficit for the 75th projection year (2090) by 0.18 percent of payroll. Sections 2 and 3

combined would decrease the long-range OASDI actuarial deficit by 2.00 percent of taxable 

payroll and would decrease the annual deficit for the 75th projection year (2090) by 2.28 percent 

of payroll.

Section 4. Replace the current-law thresholds for federal income taxation of OASDI 

benefits with a threshold of $100,000 for single filers and married taxpayers filing jointly

and a threshold of $50,000 for married taxpayers filing separately, for taxation of up to

85 percent of OASDI benefits, effective for tax year 2018.

Under current law, single tax filers with combined “income” (approximately equal to adjusted 

gross income plus non-taxable interest income and one-half of their Social Security benefit) 

greater than $25,000 may have to pay income tax on up to 50 percent of their Social Security 

benefits. If combined “income” exceeds $34,000, up to 85 percent of benefits may be taxable. 

For married filing separate taxpayers, the “income” threshold is zero. The income tax revenue 

for taxing up to 50 percent of Social Security benefits is credited to the OASI and DI Trust 

Funds. The additional income tax revenue derived from taxing benefits in excess of 50 percent, 

up to 85 percent, is credited to the Hospital Insurance (HI) Trust Fund. The process is similar for 

joint tax filers, with $32,000 and $44,000 thresholds applying for possible taxation of up to 50 

percent or 85 percent of the Social Security benefits, respectively. All threshold levels are fixed 

amounts and not indexed to price inflation or average wage increase.

Under the proposal, the separate current-law income thresholds for taxing up to 50 percent and 

up to 85 percent of benefits for each type of filer would be replaced with a single threshold. For 

single filers and married taxpayers filing jointly, the current-law thresholds would be replaced 

with a threshold of $100,000 for taxing up to 85 percent of OASDI benefits, beginning for tax 

year 2018. For married taxpayers filing separately, the income threshold for taxing up to 85 

percent of benefits would be $50,000 for tax year 2018. These new thresholds would be 

unchanged for tax years after 2018. 

Because all income thresholds are higher than under current law, individuals will in aggregate

pay less in taxation of Social Security benefits. However, under this section of the bill, the 

OASI, DI, and HI Trust Funds will receive the same total revenue as if the current law taxationof-benefits computation applied, with transfers from the General Fund of the Treasury making up 

the difference in revenue. 

We estimate that enactment of this provision alone would have no effect on OASDI finances. 

However, because aggregate taxation of benefit revenues from individual taxpayer returns will 

be lower under the proposal, annual reductions in both the unified budget and the on-budget 
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balances would result. These effects on the federal government budget accounts are included in 

tables 1b and 1b.n of the memo, as discussed later. 

Detailed Financial Results for the Provisions of the Proposal

Summary Results by Provision

Table A provides estimates of the effects on the OASDI long-range actuarial balance of the three

provisions of the proposal separately and on a combined basis. The table also includes estimates 

of the effect of the provisions on the annual balance (the difference between income rate and the 

cost rate, expressed as a percent of current-law taxable payroll) for the 75th projection year, 2090. 

Interaction among individual provisions is reflected only in the total estimates for the combined 

provisions.

Benefit Illustrations

Tables B1 and B2 provide illustrative examples of the projected change in benefit levels under 

the provisions of the proposal for beneficiaries retiring and starting benefit receipt at age 65 in 

future years at six selected earnings levels, with selected numbers of years of work. Table B3

provides additional important information on characteristics of retired workers represented by 

these illustrations for the year 2007. The hypothetical workers represented in these tables reflect 

average career-earnings patterns of workers who started receiving retirement benefits under the 

Social Security program in recent years. The tables subdivide workers with very low, low, and 

medium career-average earnings levels by their numbers of years of non-zero earnings.

The “Maximum-AIME Steady Earner” is assumed to have earnings at ages 22 through 64 that 

equal the current-law taxable maximum level (equivalent to $118,500 for 2016) and the “Twice 

Maximum-AIME Steady Earner” is assumed to have earnings at ages 22 through 64 that equal 

twice the current-law taxable maximum level (equivalent to $237,000 for 2016). As a result, the 

provision to tax and credit earnings above the current-law taxable maximum affects only the 

“Twice Maximum-AIME Steady Earner” benefit level.

The first several columns of Table B1 compare the initial scheduled benefit levels, assuming 

retirement at age 65 under the provisions of the proposal, to scheduled current-law benefit levels. 

Scheduled benefit amounts under the proposal are the same as those scheduled in current law 

except for the Twice Maximum steady earner, which reflect additional benefit credit for earnings 

taxed above the current-law taxable maximum. The final three columns of this table show the 

level of scheduled benefits under the proposal as a percentage of current-law scheduled benefits, 

the level of scheduled benefits under the proposal as a percentage of current-law payable 

benefits, and the level of payable benefits under the proposal as a percentage of current-law 

payable benefits, respectively. Because combined OASDI Trust Fund reserves deplete in 2064

under the proposal, the proposal payable to current law payable column is lower in 2080 than in 

2050. 

Table B2 compares the change in scheduled benefit levels at ages 65, 75, 85, and 95 under the 

proposal to scheduled benefits under current law, assuming retirement and start of benefit receipt 

at age 65. Table B2 shows that, for all earnings levels, projected scheduled benefits under the 
Page 8 – The Honorable Charlie Crist

provisions of the proposal are the same except for the Twice Maximum-AIME steady earner, 

which shows increases from additional benefits from additional earnings taxed that are steady 

across ages for a single birth cohort. Benefits increase at a higher percentage for later birth 

cohorts, as the taxable maximum provision takes full effect. 

Table B3 provides information helpful in interpreting the benefit illustrations in Tables B1 and 

B2. Percentages in Table B3 are based on tabulations from a 10-percent sample of newlyentitled retired workers in 2007. Table B3 displays the percentages of these newly-entitled 

retired workers in 2007 that are closest to each of the illustrative examples and are:

1) “Dually Entitled”, meaning they received a higher spouse or widow(er) benefit based on 

the career earnings of their husband or wife,

2) “WEP” (Windfall Elimination Provision), meaning that they received a reduced benefit 

due to having a pension based on earnings that were not covered under the OASDI 

program (primarily certain government workers), and they had less than 30 years of 

substantial earnings that were taxable under the OASDI program,

3) “Foreign Born”, meaning that they entered the Social Security coverage area after birth 

(and generally after entering working ages), and

4) “All Others”, meaning they had none of the three characteristics listed above.

The extent to which retired-worker beneficiaries represented by each of the illustrative examples 

have any of the characteristics listed above (dually entitled, WEP, foreign born) is important 

because such individuals are less dependent on the OASDI benefit that relates to their own 

career-average earnings level. It should be noted that the distributions shown in Table B3 for 

retirees in 2007 will be changing somewhat for beneficiaries becoming entitled as retired-worker 

beneficiaries in the future.

Payroll Tax Effects

Table T compares the scheduled payroll tax levels under the provisions of the proposal to 

scheduled current-law payroll tax levels at various earnings levels for selected years. Under the 

proposal, the payroll tax rate of 12.4 percent would apply to all covered earnings above the 

current-law taxable maximum in 2040 and later. As a result, the worker with earnings at twice 

the current-law taxable maximum would have payroll tax liability increased by about 59 percent 

for 2030, and by 100 percent for 2050 and 2080. All other workers shown in the table earn at or 

below the current law taxable maximum, so their payroll tax liability would not change.

Detailed Tables Containing Annual and Summary Projections

Enclosed with this letter are tables 1, 1a, 1b, 1b.n, 1c, and 1d, which provide annual and 

summary projections for the proposal.

Trust Fund Operations

Table 1 provides projections of the financial operations of the OASDI program and shows that 

the combined Social Security Trust Fund would deplete in 2064 assuming enactment of this 

proposal. The table shows the annual cost and income rates, annual balances, and trust fund 
Page 9 – The Honorable Charlie Crist

ratios (reserves as percent of annual program cost) for OASDI, as well as the change from 

current law in these cost rates, income rates, and annual balances. Included at the bottom of this 

table are summarized rates for the 75-year (long-range) period.

For 2018 and later, the proposal improves the annual balance (non-interest income minus 

program cost). The improvement in the annual balance increases from 1.2 percent of current-law 

payroll for 2018 to 2.3 percent for 2039 and thereafter increases very gradually. Under the 

proposal, the annual deficit declines from 1.1 percent of current-law payroll for 2016 and 

becomes positive for 2018 through 2021. The annual balance becomes negative again in 2022 

and decreases to 1.3 percent in 2033. The annual deficit then declines to 0.8 percent in 2050 and 

generally increases thereafter, reaching 2.1 percent for 2090. Under current law, the projected 

annual deficit for 2090 is 4.3 percent of payroll.

The actuarial balance for the OASDI program over the 75-year projection period is improved by 

2.00 percent of taxable payroll, from an actuarial deficit of 2.66 percent of payroll under current 

law to a deficit of 0.66 percent of taxable payroll under the proposal.

Program Transfers and Trust Fund Reserves

For this proposal, Columns 1 through 3 of Table 1a show specified general fund transfers that 

occur to keep the OASDI Trust Funds in the same position as under current law with respect to 

taxation of benefits revenues (Section 4 of the bill). Column 4 provides a projection of the level 

of reserves for the combined Social Security Trust Fund, assuming enactment of the three Social 

Security provisions of the proposal. These trust fund reserve amounts are expressed in present 

value dollars discounted to January 1, 2016. For purpose of comparison, the OASDI Trust Fund 

reserves, expressed in present value dollars, are also shown for the current-law Social Security 

program both without and with the added proposal general fund transfers in columns 6 and 7. 

Note that negative values in columns 6 and 7 represent the “unfunded obligation” for the 

program through the year. The unfunded obligation is the present value of the shortfall of 

revenue needed to pay full scheduled benefits on a timely basis from the date of trust fund 

reserve depletion through the end of the indicated year. Gross Domestic Product (GDP),

expressed in present value dollars, is shown in column 5 for comparison with other values in the 

table.

Effect of the Social Security Provisions on the Federal Budget

Table 1b shows the projected effect, in present value discounted dollars, on the federal budget 

(unified-budget and on-budget) annual cash flows and balances, assuming enactment of the three

Social Security provisions of the proposal. Table 1b.n provides the estimated nominal dollar 

effect of enactment of the proposal on annual budget balances for years 2016 through 2026. All 

values in these tables represent the amount of change from the level projected under current law. 

Changes in this table reflect the budget scoring convention that presumes benefits, not payable 

under the law after depletion of trust fund reserves, would still be paid using revenue provided 

from the General Fund of the Treasury. The reader should be cautioned that this presumption of 
Page 10 – The Honorable Charlie Crist

payment of benefits beyond the resources of the trust funds is prohibited under current law and is 

also inconsistent with all past experience under the Social Security program.

Column 1 of Table 1b shows the added proposal general fund transfers to the OASI and DI Trust 

Funds, relative to Section 4 of the bill with respect to taxation of benefits revenues. Column 2 

shows the net changes in OASDI cash flow from the other provisions of the proposal.

Columns 3-5 show the effect of the proposal on the unified budget. We project the net effect of 

the proposal on unified budget cash flow (column 3) to be positive in years 2018 and later. The 

additional earnings taxed above the current law taxable maximum more than offsets (1) the 

additional benefits from these additional earnings taxed, and (2) the loss in taxation of benefit 

revenue to the OASI, DI, and HI Trust Funds from individual taxpayers.

Column 4 of Table 1b indicates that the effect of implementing the proposal is a reduction of the 

theoretical federal debt held by the public, reaching about $7.9 trillion in present value at the end 

of the 75-year projection period. Column 5 provides the projected effect of the proposal on the 

annual unified budget balances, including both the cash flow effect in column 3 and the 

additional interest on the accumulated debt in column 4. 

Columns 6 and 7 show the effects of the proposal for the “on-budget” portion of the Federal 

government (the entire Federal budget excluding the financial operations of the Social Security 

Trust Fund and the Postal Service). On-budget effects shown for this proposal include the 

replacement of the reductions in the amount of revenue to the OASI, DI, and HI Trust Funds 

from taxation of Social Security benefits under the proposal compared to current law, with 

transfers from the General Fund of the Treasury. 

The tables do not include any indirect effects to other governmental expenditures (such as 

Supplemental Security Income) arising from the provisions of the bill. 

It is important to note that we base these estimates on the intermediate assumptions of the 2016 

Trustees Report, so these estimates are not consistent with estimates made by the Office of 

Management and Budget or the Congressional Budget Office based on their assumptions. In 

particular, all present values are discounted using trust fund yield assumptions under the 

intermediate assumptions of the 2016 Trustees Report.

Annual Trust Fund Operations as a Percent of GDP

Table 1c provides annual cost, annual expenditures (amount that would be payable), and annual 

tax income for the OASDI program expressed as a percentage of GDP for both current law and 

assuming enactment of the three Social Security provisions of the proposal. Showing the annual 

trust fund cash flows as a percent of GDP provides an additional perspective on these trust fund 

operations in relation to the total value of goods and services produced in the United States. The 

relationship between income and cost is similar when expressed as a percent of GDP to that 

when expressed as a percent of taxable payroll (Table 1).
Page 11 – The Honorable Charlie Crist

Effects on Trust Fund Reserves and Unfunded Obligations

Table 1d provides estimates of the changes in trust fund reserves and unfunded obligations on an 

annual basis. Values in this table are expressed in present value dollars discounted to January 1, 

2016. 

For the 75-year (long-range) period as a whole, the current-law unfunded obligation of $11.4 

trillion is reduced to $2.2 trillion in present value. This change of $9.1 trillion results from:

• A $9.3 trillion net increase in revenue (column 2), primarily from additional payroll 

tax revenue, minus

• A $0.2 trillion net increase in cost (column 3), due primarily to additional benefits 

from earnings taxed above the current-law taxable maximum.

We hope these estimates are helpful. Please let me know if we may provide further assistance.

Sincerely,

 Stephen C. Goss, ASA, MAAA

Chief Actuary

Enclosures
Table A—Estimated Long-Range OASDI Financial Effects of H.R. 1631, the

Save Social Security Act of 2017, introduced by Representative Crist

Provision

Estimated Change in

Long-Range OASDI 

Actuarial Balance 1

(as a percent of payroll)

Estimated Change 

in Annual Balance 

in 75th year 2

(as a percent of payroll)

Section 2 and Section 3) Apply the OASDI payroll tax rate on 

covered earnings above $300,000 paid in 2018 and later, and 

tax all covered earnings once the current-law taxable maximum 

exceeds $300,000. Credit the additional earnings taxed for 

benefit purposes by: (a) calculating a second average indexed 

monthly earnings (“AIME+”) reflecting only earnings taxed 

above the current-law taxable maximum, (b) applying a 3 

percent factor on this newly computed “AIME+” to develop a 

second component of the PIA, and (c) adding this second 

component to the current-law AIME+ ......................................... 2.00 2.28

Section 4) Replace the current-law thresholds for taxation of 

OASDI benefits with the following: for single filers and 

married taxpayers filing jointly the income threshold would be 

$100,000 for taxing up to 85 percent of benefits, and for 

married taxpayers filing separately the income threshold would 

be $50,000 for taxing up to 85 percent of benefits, effective for

tax year 2018. These thresholds would be fixed and not 

indexed to price inflation or average wage increase. Total 

revenue from taxation of benefits that would be allocated to the 

OASI, DI, and HI Trust Funds would be the same as if the 

current-law computation (in the absence of this provision) 

applied. Transfers from the General Fund of the Treasury to 

the OASI, DI, and HI Trust Funds would make up the 

difference in revenue.................................................................... 3 4

Total for all provisions, including interaction ................ 2.00 2.28

1

Under current law, the estimated long-range OASDI actuarial balance is -2.66 percent of taxable payroll. 2

Under current law, the estimated 75th year annual balance is -4.35 percent of taxable payroll. 3

Estimated change in actuarial balance that is negligible; that is, between -0.005 and 0.005 percent of taxable payroll. 4

Estimated change in 75th year annual balance that is negligible; that is, between -0.005 and 0.005 percent of taxable 

payroll. 

Notes: All estimates are based on the intermediate assumptions of the 2016 OASDI Trustees Report. 

 Estimates of individual provisions appear on a stand-alone basis relative to current law, unless otherwise stated.

Social Security Administration

Office of the Chief Actuary

August 2, 2017
Proposal Proposal Proposal

Year Scheduled to Scheduled to Payable to

Attain Benefit Current Law Current Law Current Law

Age 65 (Wage-Indexed (CPI-Indexed Formula5 Total6 Scheduled Payable Payable

2015 Dollars) 2015 Dollars)

 

2016 718 718 0.0 0.0 100 100 100

2030 660 812 0.0 0.0 100 100 100

2050 661 1,036 0.0 0.0 100 125 125

2080 665 1,469 0.0 0.0 100 133 118

 

2016 718 718 0.0 0.0 100 100 100

2030 660 812 0.0 0.0 100 100 100

2050 661 1,036 0.0 0.0 100 125 125

2080 665 1,469 0.0 0.0 100 133 118

 

2016 718 718 0.0 0.0 100 100 100

2030 660 812 0.0 0.0 100 100 100

2050 661 1,036 0.0 0.0 100 125 125

2080 665 1,469 0.0 0.0 100 133 118

2016 940 940 0.0 0.0 100 100 100

2030 863 1,062 0.0 0.0 100 100 100

2050 865 1,356 0.0 0.0 100 125 125

2080 869 1,921 0.0 0.0 100 133 118

2016 940 940 0.0 0.0 100 100 100

2030 863 1,062 0.0 0.0 100 100 100

2050 865 1,356 0.0 0.0 100 125 125

2080 869 1,921 0.0 0.0 100 133 118

2016 940 940 0.0 0.0 100 100 100

2030 863 1,062 0.0 0.0 100 100 100

2050 865 1,356 0.0 0.0 100 125 125

2080 869 1,921 0.0 0.0 100 133 118

2016 1,548 1,548 0.0 0.0 100 100 100

2030 1,423 1,750 0.0 0.0 100 100 100

2050 1,425 2,234 0.0 0.0 100 125 125

2080 1,433 3,166 0.0 0.0 100 133 118

2016 1,548 1,548 0.0 0.0 100 100 100

2030 1,423 1,750 0.0 0.0 100 100 100

2050 1,425 2,234 0.0 0.0 100 125 125

2080 1,433 3,166 0.0 0.0 100 133 118

2016 2,053 2,053 0.0 0.0 100 100 100

2030 1,885 2,319 0.0 0.0 100 100 100

2050 1,888 2,960 0.0 0.0 100 125 125

2080 1,899 4,195 0.0 0.0 100 133 118

2016 2,492 2,492 0.0 0.0 100 100 100

2030 2,308 2,839 0.0 0.0 100 100 100

2050 2,309 3,622 0.0 0.0 100 125 125

2080 2,317 5,119 0.0 0.0 100 133 118

2016 2,492 2,492 0.0 0.0 100 100 100

2030 2,308 2,839 0.8 0.8 101 101 101

2050 2,309 3,622 6.0 6.0 106 133 133

2080 2,317 5,119 10.2 10.2 110 147 131

1

2 Projected percent of new retired worker awards in 2050 with current-law AIME levels and years of covered earnings closest to AIME levels and years of covered earnings shown.

3

4

5

6

All estimates based on the intermediate assumptions of the 2016 Trustees Report.

Starting in 2018, apply the OASDI payroll tax rate on earnings above $300,000, and tax all earnings once the current-law taxable maximum exceeds $300,000. Credit the additional earnings for benefit 

purposes by: (a) calculating a second average indexed monthly earnings ("AIME+") reflecting only earnings taxed above the current law taxable maximum, (b) applying a 3 percent factor on this newly 

computed "AIME+" to develop a second component of the PIA, and (c) adding this second component to the first PIA component.

This analysis reflects only the provisions of the proposal identified in the table and described in the footnotes above.

Office of the Chief Actuary, Social Security Administration August 2, 2017

After the trust fund reserves deplete under current law continuing taxes are expected to be enough to pay about three fourths of scheduled benefits.

 Very-Low-AIME ($12,280 for 20161) 14-Year Scaled Earner (4.2% of Retirees2)

 Low-AIME ($22,105 for 20161) 44-Year Scaled Earner (16.9% of Retirees2)

 Low-AIME ($22,105 for 20161) 30-Year Scaled Earner (4.4% of Retirees2)

 Low-AIME ($22,105 for 20161

) 20-Year Scaled Earner (2.0% of Retirees2)

 Medium-AIME ($49,121 for 20161) 44-Year Scaled Earner (29.2% of Retirees2)

 Medium-AIME ($49,121 for 20161) 30-Year Scaled Earner (3.2% of Retirees2)

 High-AIME ($78,594 for 20161) 44-Year Scaled Earner (19.8% of Retirees2)

 Maximum-Current-Law-AIME ($118,500 for 20161) 43-Year Steady Earner (6.3% of Retirees2)

Twice Maximum-Current-Law-AIME ($237,000 for 20161) 43-Year Steady Earner3

Average of highest 35 years of taxable earnings wage indexed to 2016. For the Maximum and Twice Maximum-Current-Law-AIME workers, we show one times and two times the 2016 taxable maximum, 

respectively.

If all earnings were considered, unlimited by annual taxable maximums, then about 1.5 percent of all retirees would have an AIME closer to Twice Maximum-Current-Law than Maximum-Current-Law.

Monthly Benefits4

(Percent change) (Percents)

 Very-Low-AIME ($12,280 for 20161) 30-Year Scaled Earner (8.9% of Retirees2)

 Very-Low-AIME ($12,280 for 20161) 20-Year Scaled Earner (5.2% of Retirees2

)

Table B1. Changes in Benefits for Hypothetical Workers Beginning Benefit Receipt at age 65 

H.R. 1631, the "Save Social Security Act of 2017" Introduced by Representative Charlie Crist

Benefit Ratios

Scheduled Benefit Level Percent Change at age 65

Current Law Scheduled
Year 

Attain

Age 65 Age 65 Age 75 Age 85 Age 95

2016 100.0 100.0 100.0 100.0

2030 100.0 100.0 100.0 100.0

2050 100.0 100.0 100.0 100.0

2080 100.0 100.0 100.0 100.0

2016 100.0 100.0 100.0 100.0

2030 100.0 100.0 100.0 100.0

2050 100.0 100.0 100.0 100.0

2080 100.0 100.0 100.0 100.0

2016 100.0 100.0 100.0 100.0

2030 100.0 100.0 100.0 100.0

2050 100.0 100.0 100.0 100.0

2080 100.0 100.0 100.0 100.0

2016 100.0 100.0 100.0 100.0

2030 100.0 100.0 100.0 100.0

2050 100.0 100.0 100.0 100.0

2080 100.0 100.0 100.0 100.0

2016 100.0 100.0 100.0 100.0

2030 100.0 100.0 100.0 100.0

2050 100.0 100.0 100.0 100.0

2080 100.0 100.0 100.0 100.0

2016 100.0 100.0 100.0 100.0

2030 100.0 100.0 100.0 100.0

2050 100.0 100.0 100.0 100.0

2080 100.0 100.0 100.0 100.0

2016 100.0 100.0 100.0 100.0

2030 100.0 100.0 100.0 100.0

2050 100.0 100.0 100.0 100.0

2080 100.0 100.0 100.0 100.0

2016 100.0 100.0 100.0 100.0

2030 100.0 100.0 100.0 100.0

2050 100.0 100.0 100.0 100.0

2080 100.0 100.0 100.0 100.0

2016 100.0 100.0 100.0 100.0

2030 100.0 100.0 100.0 100.0

2050 100.0 100.0 100.0 100.0

2080 100.0 100.0 100.0 100.0

2016 100.0 100.0 100.0 100.0

2030 100.0 100.0 100.0 100.0

2050 100.0 100.0 100.0 100.0

2080 100.0 100.0 100.0 100.0

2016 100.0 100.0 100.0 100.0

2030 100.8 100.8 100.8 100.8

2050 106.0 106.0 106.0 106.0

2080 110.2 110.2 110.2 110.2

1

2

3

Other Changes: 

-

-

All estimates based on the intermediate assumptions of the 2016 Trustees Report.

Office of the Chief Actuary, Social Security Administration August 2, 2017

 High-AIME ($78,594 for 20161) 44-Year Scaled Earner (19.8% of Retirees2)

 Maximum-Current-Law-AIME ($118,500 for 20161) 43-Year Steady Earner (6.3% of Retirees2)

Twice Maximum-Current-Law-AIME ($237,000 for 20161) 43-Year Steady Earner3

Average of highest 35 years of taxable earnings wage indexed to 2016. For the Maximum and Twice Maximum-Current-Law-AIME workers, we show one times and two times the 2016 

taxable maximum, respectively.

Projected percent of new retired worker awards in 2050 with current-law AIME levels and years of covered earnings closest to AIME levels and years of covered earnings shown.

If all earnings were considered, unlimited by annual taxable maximums, then about 1.5 percent of all retirees would have an AIME closer to Twice Maximum-Current-Law than 

Maximum-Current-Law.

Starting in 2018, apply the OASDI payroll tax rate on earnings above $300,000, and tax all earnings once the current-law taxable maximum exceeds $300,000. Credit the additional 

earnings for benefit purposes by: (a) calculating a second average indexed monthly earnings ("AIME+") reflecting only earnings taxed above the current law taxable maximum, (b) 

applying a 3 percent factor on this newly computed "AIME+" to develop a second component of the PIA, and (c) adding this second component to the first PIA component.

This analysis reflects only the provisions of the proposal identified in the table and described above.

 Medium-AIME ($49,121 for 20161) 30-Year Scaled Earner (3.2% of Retirees2)

Table B2. Changes in Benefits for Hypothetical Workers Beginning Benefit Receipt at age 65 

H.R. 1631, the "Save Social Security Act of 2017" Introduced by Representative Charlie Crist

Proposal Scheduled Benefit as Percent of Current Law Scheduled

(Percent)

 Very-Low-AIME ($12,280 for 20161) 30-Year Scaled Earner (8.9% of Retirees2)

 Very-Low-AIME ($12,280 for 20161) 20-Year Scaled Earner (5.2% of Retirees2

)

 Very-Low-AIME ($12,280 for 20161) 14-Year Scaled Earner (4.2% of Retirees2

)

 Low-AIME ($22,105 for 20161) 44-Year Scaled Earner (16.9% of Retirees2)

 Low-AIME ($22,105 for 20161

) 30-Year Scaled Earner (4.4% of Retirees2)

 Low-AIME ($22,105 for 20161) 20-Year Scaled Earner (2.0% of Retirees2)

 Medium-AIME ($49,121 for 20161) 44-Year Scaled Earner (29.2% of Retirees2)
Category Dually Entitled2 WEP3 Foreign Born All Others4

Very-Low-AIME ($10,101 for 20071

):

30-Year Scaled Earner (9.3% of Retirees) 47 6 11 40

20-Year Scaled Earner (5.8% of Retirees) 38 16 21 31

14-Year Scaled Earner (5.3% of Retirees) 22 21 45 20

Low-AIME ($18,182 for 20071

):

44-Year Scaled Earner (13.1% of Retirees) 15 2 6 78

30-Year Scaled Earner (5.9% of Retirees) 16 9 18 59

20-Year Scaled Earner (3.1% of Retirees) 10 23 35 37

Medium-AIME ($40,405 for 20071

):

44-Year Scaled Earner (23.0% of Retirees) 1 1 5 93

30-Year Scaled Earner (4.4% of Retirees) 1 8 26 67

High-AIME ($64,649 for 20071):

44-Year Scaled Earner (20.5% of Retirees) 0 0 6 93

Maximum-Current-Law-AIME ($82,224 for 20071):

Steady Earner (9.4% of Retirees) 0 0 7 93

1

2

3 Covered by pension from government employment and are subject to the windfall elimination provision (WEP).

4 Neither foreign born, subject to WEP, or dually entitled.

March 21, 2017

Note 3: The sum of the percentages for each category (sum across rows) could be greater than 100 percent because some beneficiaries can be classified in more than one of the 

following groups: dually entitled, WEP, and foreign born. 

Average of highest 35 years of taxable earnings wage indexed to 2007.

Under current law, entitled to an additional benefit based on someone else's account. The dually entitled percent is a minimum value. Some beneficiaries that are not currently 

dually entitled could become dually entitled in the future.

Office of the Chief Actuary, Social Security Administration

Table B3. Important Characteristics of Hypothetical Workers in 2007

Percent of Beneficiaries Within Each Category That Are:

Note 1: Table B3 displays the percentages of these newly-entitled retired workers in 2007 that are closest to each of the illustrative examples.

Note 2: The percents in each category are based on tabulations of a 10-percent sample of newly entitled retired-worker beneficiaries in 2007 (169,725 records). We can be 95 

percent confident that each of the values shown above is within 1.4 percentage points of the value we would find using 100 percent of the retirees in 2007.
Proposal Scheduled Payroll Taxes

Earnings Taxable Percent of Current Law

in Year (Wage-Indexed (CPI-Indexed Maximum2

2015 Dollars) 2015 Dollars) (Percents)

2016 127 127 0.0 100

2030 127 156 0.0 100

2050 127 199 0.0 100

2080 127 280 0.0 100

2016 228 228 0.0 100

2030 228 281 0.0 100

2050 228 358 0.0 100

2080 228 505 0.0 100

2016 508 508 0.0 100

2030 508 624 0.0 100

2050 508 796 0.0 100

2080 508 1,122 0.0 100

2016 812 812 0.0 100

2030 812 999 0.0 100

2050 812 1,274 0.0 100

2080 812 1,795 0.0 100

2016 1,225 1,225 0.0 100

2030 1,225 1,506 0.0 100

2050 1,225 1,920 0.0 100

2080 1,225 2,706 0.0 100

2016 1,225 1,225 0.0 100

2030 1,225 1,506 58.8 159

2050 1,225 1,920 100.0 200

2080 1,225 2,706 100.0 200

1

2

This analysis reflects only the provisions of the proposal identified in the table and described in the footnotes above.

All estimates based on the intermediate assumptions of the 2016 Trustees Report.

Percentile among all workers with any covered earnings in 2016 (including earnings both above and below the current-law maximum earnings level). We 

include those who will die or become disabled before reaching retirement age, and those who will not earn enough in their career to become fully insured for 

retired worker benefits. Thus, these percentiles are not directly comparable to the percentages in the B tables, which are based on lifetime earnings, and include 

only those who survive and become eligible for retirement benefits.

Apply the OASDI payroll tax rate on earnings above $300,000 starting in 2018, and tax all earnings once the current-law taxable maximum exceeds $300,000.

Office of the Chief Actuary, Social Security Administration August 2, 2017

98th Percentile Earner1 in Year ($237,000 in 2016) Twice Current-Law Maximum Earnings Level

Table T. Changes in Payroll Tax Contributions (Employee + Employer) for Workers with OASDI Covered Earnings 

in the Year

H.R. 1631, the "Save Social Security Act of 2017" Introduced by Representative Charlie Crist

Scheduled Payroll Taxes Percent Change 

Current Law Scheduled

Monthly Total Payroll Taxes

(Percent change) 

30th Percentile Earner1 in Year ($12,280 in 2016)

42nd Percentile Earner1 in Year ($22,105 in 2016)

69th Percentile Earner1 in Year ($49,121 in 2016)

86th Percentile Earner1 in Year ($78,594 in 2016)

94th Percentile Earner1 in Year ($118,500 in 2016) Current-Law Maximum Earnings Level
Table 1 - OASDI Cost Rate, Income Rate, Annual Balance, and Trust Fund Ratio

H.R. 1631, the "Save Social Security Act of 2017" Introduced by Representative Charlie Crist

Year Cost Rate

Income

Rate

Annual

Balance Cost Rate

Income

Rate

Annual

Balance

2016 14.05 12.94 -1.10 303 0.00 0.00 0.00

2017 13.72 12.92 -0.80 293 0.00 0.00 0.00

2018 13.86 14.18 0.32 277 0.00 1.22 1.22

2019 13.98 14.28 0.30 270 0.00 1.32 1.32

2020 14.13 14.33 0.20 263 0.00 1.35 1.35

2021 14.27 14.38 0.12 257 0.00 1.38 1.38

2022 14.49 14.45 -0.04 250 0.00 1.41 1.41

2023 14.76 14.49 -0.26 242 0.00 1.44 1.44

2024 15.02 14.55 -0.47 233 0.00 1.46 1.46

2025 15.29 14.60 -0.69 224 0.00 1.49 1.49

2026 15.47 14.66 -0.81 216 0.00 1.53 1.53

2027 15.65 14.72 -0.93 208 0.00 1.58 1.57

2028 15.82 14.78 -1.04 200 0.00 1.62 1.62

2029 15.97 14.84 -1.13 193 0.01 1.67 1.67

2030 16.11 14.91 -1.20 186 0.01 1.73 1.72

2031 16.23 14.97 -1.26 179 0.01 1.78 1.77

2032 16.34 15.04 -1.30 172 0.01 1.84 1.83

2033 16.42 15.10 -1.32 166 0.01 1.90 1.88

2034 16.48 15.17 -1.31 159 0.01 1.96 1.94

2035 16.51 15.24 -1.27 153 0.02 2.02 2.01

2036 16.57 15.31 -1.26 146 0.02 2.09 2.07

2037 16.62 15.39 -1.23 140 0.02 2.16 2.14

2038 16.64 15.46 -1.17 134 0.02 2.23 2.21

2039 16.63 15.54 -1.09 128 0.02 2.31 2.29

2040 16.62 15.56 -1.06 123 0.03 2.32 2.30

2041 16.59 15.56 -1.03 119 0.03 2.33 2.30

2042 16.56 15.56 -1.01 114 0.03 2.33 2.30

2043 16.53 15.56 -0.97 109 0.03 2.33 2.29

2044 16.50 15.56 -0.94 105 0.04 2.33 2.29

2045 16.49 15.56 -0.93 100 0.04 2.33 2.29

2046 16.47 15.56 -0.90 96 0.04 2.33 2.29

2047 16.44 15.56 -0.88 92 0.04 2.33 2.29

2048 16.43 15.56 -0.87 88 0.04 2.33 2.29

2049 16.42 15.56 -0.85 83 0.05 2.33 2.29

2050 16.41 15.57 -0.84 79 0.05 2.33 2.28

2051 16.41 15.57 -0.84 75 0.05 2.34 2.28

2052 16.43 15.57 -0.85 71 0.05 2.34 2.28

2053 16.45 15.57 -0.88 66 0.06 2.34 2.28

2054 16.48 15.58 -0.91 62 0.06 2.34 2.28

2055 16.52 15.58 -0.94 57 0.06 2.34 2.28

2056 16.57 15.59 -0.99 52 0.06 2.34 2.28

2057 16.62 15.59 -1.03 47 0.07 2.34 2.28

2058 16.68 15.60 -1.08 41 0.07 2.34 2.27

2059 16.73 15.60 -1.13 35 0.07 2.34 2.27

2060 16.78 15.61 -1.17 29 0.07 2.34 2.27

2061 16.83 15.61 -1.22 22 0.08 2.35 2.27

2062 16.88 15.62 -1.27 16 0.08 2.35 2.27

2063 16.94 15.62 -1.32 8 0.08 2.35 2.27

2064 16.99 15.63 -1.36 1 0.08 2.35 2.27

2065 17.04 15.63 -1.41 ---- 0.08 2.35 2.27

2066 17.09 15.63 -1.46 ---- 0.08 2.35 2.27

2067 17.15 15.64 -1.51 ---- 0.09 2.35 2.27

2068 17.20 15.64 -1.56 ---- 0.09 2.35 2.27

2069 17.25 15.65 -1.61 ---- 0.09 2.36 2.27

2070 17.31 15.65 -1.65 ---- 0.09 2.36 2.27

2071 17.36 15.66 -1.70 ---- 0.09 2.36 2.27

2072 17.40 15.66 -1.74 ---- 0.09 2.36 2.27

2073 17.43 15.67 -1.77 ---- 0.09 2.36 2.27

2074 17.47 15.67 -1.80 ---- 0.10 2.36 2.27

2075 17.49 15.67 -1.82 ---- 0.10 2.36 2.27

2076 17.50 15.68 -1.83 ---- 0.10 2.36 2.27

2077 17.51 15.68 -1.83 ---- 0.10 2.37 2.27

2078 17.51 15.68 -1.83 ---- 0.10 2.37 2.27

2079 17.51 15.68 -1.83 ---- 0.10 2.37 2.27

2080 17.50 15.68 -1.82 ---- 0.10 2.37 2.27

2081 17.50 15.68 -1.82 ---- 0.10 2.37 2.27

2082 17.51 15.68 -1.82 ---- 0.10 2.37 2.27

2083 17.52 15.69 -1.84 ---- 0.10 2.37 2.27

2084 17.54 15.69 -1.85 ---- 0.10 2.37 2.27

2085 17.57 15.69 -1.88 ---- 0.10 2.38 2.27

2086 17.61 15.69 -1.91 ---- 0.10 2.38 2.27

2087 17.65 15.70 -1.95 ---- 0.10 2.38 2.27

2088 17.69 15.70 -1.99 ---- 0.11 2.38 2.27

2089 17.74 15.71 -2.03 ---- 0.11 2.38 2.27

2090 17.78 15.71 -2.07 ---- 0.11 2.38 2.28

2091 17.83 15.71 -2.12 ---- 0.11 2.38 2.28

Summarized Rates: OASDI Summarized Rates: OASDI

Cost Rate Income Rate

Actuarial 

Balance

Change in 

Cost rate

Change in 

Income Rate

Change in 

Actuarial

Balance

2016 - 2090 16.55% 15.89% -0.66% 2064 0.05% 2.05% 2.00%

Based on Intermediate Assumptions of the 2016 Trustees Report. Social Security Administration

1

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

Year of reserve 

depletion1

Office of the Chief Actuary

August 2, 2017

Proposal Change from Current Law

Expressed as a percentage of current-law

taxable payroll Trust Fund

Ratio

1-1-year

Expressed as a percentage of current-law

taxable payroll
Table 1a - General Fund Transfers, OASDI Trust Fund Reserves, and Theoretical OASDI Reserves

H.R. 1631, the "Save Social Security Act of 2017" Introduced by Representative Charlie Crist

Percentage

of Payroll

Annual

Amounts

Accumulated as of 

End of Year

Gross Domestic 

Product

Without General

Fund Transfers

With Plan General

Fund Transfers

(1) (2) (3) (4) (5) (6) (7)

2016 0.0 0.0 0.0 2,741.0 18,368.5 2,741.0 2,741.0

2017 0.0 0.0 0.0 2,687.5 18,780.3 2,687.5 2,687.5

2018 0.3 22.0 22.0 2,710.2 19,199.4 2,625.9 2,647.9

2019 0.3 22.6 44.6 2,731.9 19,590.0 2,554.4 2,599.0

2020 0.3 23.1 67.7 2,746.9 19,948.3 2,471.7 2,539.4

2021 0.3 23.5 91.2 2,756.2 20,275.2 2,378.9 2,470.1

2022 0.3 24.0 115.2 2,753.7 20,546.2 2,270.6 2,385.8

2023 0.3 24.4 139.6 2,734.5 20,765.2 2,142.4 2,282.0

2024 0.3 24.7 164.3 2,699.3 20,965.2 1,994.9 2,159.2

2025 0.3 24.9 189.2 2,646.9 21,141.0 1,827.2 2,016.4

2026 0.3 24.9 214.1 2,584.5 21,283.5 1,645.4 1,859.6

2027 0.3 24.6 238.8 2,512.7 21,355.9 1,450.6 1,689.3

2028 0.3 24.2 263.0 2,433.1 21,346.6 1,244.3 1,507.3

2029 0.3 23.6 286.6 2,346.7 21,259.6 1,028.4 1,315.0

2030 0.3 22.9 309.5 2,255.5 21,099.1 804.8 1,114.3

2031 0.3 22.1 331.6 2,160.9 20,898.2 575.3 906.9

2032 0.3 21.2 352.8 2,064.3 20,696.5 341.0 693.9

2033 0.3 20.3 373.2 1,967.5 20,500.4 103.7 476.9

2034 0.3 19.5 392.6 1,872.5 20,306.0 -134.7 257.9

2035 0.3 18.6 411.2 1,781.0 20,116.5 -372.8 38.4

2036 0.2 17.8 429.0 1,691.3 19,925.6 -612.3 -183.3

2037 0.2 17.0 445.9 1,604.6 19,743.3 -852.1 -406.2

2038 0.2 16.2 462.1 1,523.0 19,571.8 -1,090.4 -628.3

2039 0.2 15.4 477.5 1,447.9 19,401.7 -1,326.1 -848.5

2040 0.2 14.7 492.2 1,375.6 19,234.9 -1,558.1 -1,065.9

2041 0.2 13.9 506.1 1,305.9 19,071.7 -1,786.1 -1,280.0

2042 0.2 13.2 519.3 1,238.7 18,908.8 -2,010.0 -1,490.7

2043 0.2 12.6 531.9 1,174.2 18,751.3 -2,229.8 -1,697.8

2044 0.2 11.9 543.8 1,112.3 18,594.5 -2,445.4 -1,901.6

2045 0.2 11.3 555.2 1,052.1 18,429.9 -2,657.8 -2,102.7

2046 0.2 10.8 565.9 993.9 18,269.6 -2,866.7 -2,300.8

2047 0.2 10.2 576.1 937.7 18,107.9 -3,072.2 -2,496.1

2048 0.1 9.6 585.7 883.1 17,944.3 -3,274.5 -2,688.8

2049 0.1 9.1 594.8 830.0 17,781.3 -3,473.9 -2,879.1

2050 0.1 8.6 603.4 777.9 17,618.6 -3,670.6 -3,067.2

2051 0.1 8.1 611.6 726.4 17,454.0 -3,865.4 -3,253.9

2052 0.1 7.7 619.2 674.5 17,289.8 -4,059.0 -3,439.8

2053 0.1 7.2 626.4 621.9 17,125.7 -4,251.9 -3,625.4

2054 0.1 6.8 633.3 568.0 16,960.9 -4,444.5 -3,811.2

2055 0.1 6.4 639.7 512.5 16,796.5 -4,637.2 -3,997.5

2056 0.1 6.1 645.8 455.0 16,631.9 -4,830.5 -4,184.7

2057 0.1 5.7 651.5 395.3 16,467.6 -5,024.3 -4,372.8

2058 0.1 5.4 656.9 333.6 16,304.7 -5,218.8 -4,561.9

2059 0.1 5.1 662.0 269.8 16,142.6 -5,413.9 -4,751.9

2060 0.1 4.8 666.8 203.9 15,981.3 -5,609.6 -4,942.7

2061 0.1 4.5 671.3 136.1 15,821.7 -5,805.8 -5,134.4

2062 0.1 4.2 675.6 66.3 15,664.2 -6,002.5 -5,326.9

2063 0.1 4.0 679.6 -5.3 15,508.7 -6,199.6 -5,520.0

2064 0.1 3.7 683.3 -78.6 15,355.7 -6,397.1 -5,713.7

2065 0.1 3.5 686.8 -153.7 15,204.5 -6,595.0 -5,908.1

2066 0.1 3.3 690.1 -230.6 15,055.3 -6,793.3 -6,103.1

2067 0.1 3.1 693.2 -309.3 14,907.9 -6,992.1 -6,298.9

2068 0.1 2.9 696.2 -389.7 14,762.2 -7,191.4 -6,495.2

2069 0.1 2.7 698.9 -471.8 14,618.0 -7,391.0 -6,692.1

2070 0.0 2.6 701.5 -555.6 14,476.2 -7,591.0 -6,889.6

2071 0.0 2.4 703.8 -640.6 14,336.4 -7,791.2 -7,087.3

2072 0.0 2.2 706.1 -726.7 14,198.6 -7,991.1 -7,285.0

2073 0.0 2.1 708.2 -813.5 14,062.2 -8,190.5 -7,482.3

2074 0.0 2.0 710.1 -900.7 13,927.2 -8,389.1 -7,679.0

2075 0.0 1.8 712.0 -987.9 13,793.7 -8,586.7 -7,874.7

2076 0.0 1.7 713.7 -1,074.8 13,661.5 -8,782.6 -8,068.9

2077 0.0 1.6 715.3 -1,160.9 13,530.3 -8,976.7 -8,261.4

2078 0.0 1.5 716.8 -1,246.1 13,399.9 -9,168.8 -8,452.0

2079 0.0 1.4 718.2 -1,330.1 13,271.0 -9,358.6 -8,640.4

2080 0.0 1.3 719.5 -1,413.1 13,143.2 -9,546.2 -8,826.7

2081 0.0 1.2 720.7 -1,495.1 13,016.0 -9,731.8 -9,011.1

2082 0.0 1.1 721.8 -1,576.4 12,889.1 -9,915.6 -9,193.8

2083 0.0 1.1 722.9 -1,657.4 12,762.3 -10,098.0 -9,375.1

2084 0.0 1.0 723.9 -1,738.3 12,635.6 -10,279.3 -9,555.5

2085 0.0 0.9 724.8 -1,819.6 12,509.3 -10,459.9 -9,735.1

2086 0.0 0.9 725.6 -1,901.3 12,383.5 -10,639.8 -9,914.2

2087 0.0 0.8 726.5 -1,983.7 12,258.4 -10,819.4 -10,093.0

2088 0.0 0.8 727.2 -2,066.8 12,134.0 -10,998.8 -10,271.6

2089 0.0 0.7 727.9 -2,150.8 12,010.4 -11,177.9 -10,450.0

2090 0.0 0.7 728.6 -2,235.6 11,887.6 -11,356.8 -10,628.3

2091 0.0 0.6 729.2 -2,321.3 11,765.8 -11,535.6 -10,806.4

Total 2016-2090 728.6

Based on the Intermediate Assumptions of the 2016 Trustees Report.

Ultimate Real Trust Fund Yield of 2.7%.

1

 Theoretical Social Security is the current Social Security program with the assumption

 that the law is modified to permit borrowing from the General Fund of the Treasury.

Office of the Chief Actuary

2

 All amounts in the table are discounted at the present law combined OASDI interest rate. As Table 1 shows, accumulations of Social Security Administration

 reserves under the proposal are based on individual OASI and DI Trust Fund holdings, and results in OASDI reserve depletion in 2064. August 2, 2017

Calendar

Year

Proposal General Fund Transfers Present Value in Billions as of 1-1-2016

Proposal

Total OASDI

Trust Fund

Reserves

 at End of Year 2

Theoretical Social Security1

with Borrowing Authority

Present Value in Billions as of 1-1- 2016 Net OASDI Trust Fund Reserves at End of Year
Table 1b - OASDI Changes & Implications for Federal Budget and Debt of Specified Plan Provision Effects on OASDI (Present Value Dollars)

H.R. 1631, the "Save Social Security Act of 2017" Introduced by Representative Charlie Crist

Year

Specified General 

Fund Transfers 1

Basic Changes

in OASDI

Cash Flow

Change

in Annual

Unified Budget

Cash Flow

Change in

Debt Held

by Public at

End of Year

Change

in Annual

Unified Budget

Balance2

Change

in Total

Federal Debt

End Of Year

Change

in Annual

On Budget

Balance2

(1) (2) (3) (4) (5) (6) (7)

2016 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2017 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2018 22.0 84.2 46.1 -46.1 46.1 38.1 -38.1

2019 22.6 93.3 53.9 -100.0 55.3 77.5 -40.5

2020 23.1 97.7 57.3 -157.4 60.5 117.9 -42.8

2021 23.5 102.0 60.9 -218.3 65.9 159.0 -44.8

2022 24.0 105.8 64.1 -282.4 71.0 200.7 -46.8

2023 24.4 109.0 66.6 -349.0 75.9 243.0 -48.9

2024 24.7 112.3 69.4 -418.4 81.2 285.9 -51.1

2025 24.9 115.3 72.0 -490.5 86.7 329.1 -53.2

2026 24.9 119.3 76.2 -566.7 94.9 372.2 -55.6

2027 24.6 123.1 80.5 -647.2 103.9 414.7 -57.8

2028 24.2 126.6 84.8 -732.0 113.5 456.4 -60.1

2029 23.6 129.6 88.9 -820.9 123.7 497.0 -62.3

2030 22.9 132.4 92.9 -913.8 134.7 536.4 -64.7

2031 22.1 134.9 96.8 -1,010.6 143.4 574.4 -65.3

2032 21.2 137.6 101.0 -1,111.6 152.5 610.9 -65.8

2033 20.3 140.5 105.3 -1,216.9 162.0 645.9 -66.1

2034 19.5 143.5 109.8 -1,326.7 171.8 679.4 -66.4

2035 18.6 146.6 114.5 -1,441.2 182.1 711.3 -66.5

2036 17.8 149.8 119.1 -1,560.2 192.5 741.8 -66.7

2037 17.0 153.1 123.9 -1,684.1 203.4 770.8 -66.8

2038 16.2 156.7 128.9 -1,813.0 214.7 798.4 -66.9

2039 15.4 160.5 134.1 -1,947.1 226.5 824.6 -66.9

2040 14.7 159.8 134.7 -2,081.7 233.9 849.5 -66.9

2041 13.9 158.3 134.4 -2,216.1 240.5 873.0 -66.8

2042 13.2 156.7 134.1 -2,350.2 247.0 895.3 -66.8

2043 12.6 155.2 133.8 -2,484.0 253.5 916.5 -66.8

2044 11.9 153.8 133.4 -2,617.4 260.0 936.5 -66.7

2045 11.3 152.2 132.9 -2,750.3 266.3 955.5 -66.7

2046 10.8 150.7 132.4 -2,882.8 272.6 973.4 -66.7

2047 10.2 149.2 131.9 -3,014.6 278.8 990.4 -66.6

2048 9.6 147.7 131.3 -3,145.9 284.9 1,006.5 -66.5

2049 9.1 146.2 130.7 -3,276.6 291.0 1,021.6 -66.4

2050 8.6 144.7 130.0 -3,406.6 297.0 1,035.9 -66.4

2051 8.1 143.2 129.3 -3,536.0 303.0 1,049.4 -66.3

2052 7.7 141.7 128.6 -3,664.6 308.8 1,062.1 -66.2

2053 7.2 140.2 127.8 -3,792.4 314.6 1,074.0 -66.1

2054 6.8 138.7 127.0 -3,919.4 320.3 1,085.3 -66.0

2055 6.4 137.2 126.1 -4,045.6 325.9 1,095.9 -65.9

2056 6.1 135.7 125.3 -4,170.8 331.4 1,105.9 -65.8

2057 5.7 134.2 124.4 -4,295.2 336.9 1,115.2 -65.7

2058 5.4 132.7 123.4 -4,418.6 342.3 1,124.1 -65.7

2059 5.1 131.3 122.5 -4,541.1 347.7 1,132.3 -65.6

2060 4.8 129.8 121.5 -4,662.6 353.0 1,140.1 -65.5

2061 4.5 128.4 120.6 -4,783.2 358.2 1,147.4 -65.4

2062 4.2 126.9 119.6 -4,902.8 363.4 1,154.2 -65.3

2063 4.0 125.5 118.6 -5,021.4 368.5 1,160.6 -65.2

2064 3.7 124.2 117.7 -5,139.1 373.6 1,166.5 -65.1

2065 3.5 122.8 116.7 -5,255.8 378.6 1,172.1 -65.0

2066 3.3 121.5 115.7 -5,371.5 383.6 1,177.3 -64.9

2067 3.1 120.1 114.7 -5,486.2 388.5 1,182.1 -64.8

2068 2.9 118.8 113.8 -5,600.0 393.4 1,186.7 -64.8

2069 2.7 117.5 112.8 -5,712.8 398.2 1,190.8 -64.7

2070 2.6 116.3 111.8 -5,824.6 403.0 1,194.7 -64.6

2071 2.4 115.0 110.9 -5,935.5 407.7 1,198.4 -64.5

2072 2.2 113.8 109.9 -6,045.4 412.4 1,201.7 -64.4

2073 2.1 112.6 109.0 -6,154.4 417.1 1,204.8 -64.3

2074 2.0 111.4 108.0 -6,262.4 421.7 1,207.7 -64.3

2075 1.8 110.3 107.1 -6,369.5 426.2 1,210.3 -64.2

2076 1.7 109.1 106.1 -6,475.6 430.8 1,212.8 -64.1

2077 1.6 108.0 105.2 -6,580.8 435.2 1,215.0 -64.1

2078 1.5 106.9 104.3 -6,685.1 439.6 1,217.1 -64.0

2079 1.4 105.8 103.3 -6,788.4 444.0 1,219.0 -63.9

2080 1.3 104.7 102.4 -6,890.8 448.4 1,220.7 -63.8

2081 1.2 103.6 101.5 -6,992.3 452.7 1,222.3 -63.8

2082 1.1 102.5 100.5 -7,092.8 456.9 1,223.7 -63.7

2083 1.1 101.4 99.6 -7,192.4 461.1 1,225.0 -63.7

2084 1.0 100.4 98.7 -7,291.1 465.2 1,226.2 -63.6

2085 0.9 99.3 97.7 -7,388.8 469.3 1,227.3 -63.6

2086 0.9 98.3 96.8 -7,485.5 473.3 1,228.3 -63.5

2087 0.8 97.2 95.8 -7,581.4 477.3 1,229.2 -63.5

2088 0.8 96.2 94.9 -7,676.2 481.2 1,230.0 -63.5

2089 0.7 95.1 93.9 -7,770.1 485.1 1,230.8 -63.4

2090 0.7 94.1 93.0 -7,863.1 489.0 1,231.4 -63.4

Total 2016-2090 728.6 9,121.2 7,863.1

Based on Intermediate Assumptions of the 2016 Trustees Report.

Ultimate Real Trust Fund Yield of 2.7%.

Note: Changes reflect the budget scoring convention that presumes benefits not payable after reserve depletion would 

 nonetheless be paid, based on transfers from the General Fund of the Treasury resulting in additional borrowing from the public.

1

Reflects reimbursements from General Fund of the Treasury to OASDI Trust Funds for lost OASDI taxation of benefit revenues (Section 4

 of the bill). This does not include reimbursements from the General Fund to the HI Trust Fund for lost HI taxation of benefit revenues. Office of the Chief Actuary

2 Reflects lost OASDI and HI taxation of benefit revenues from increasing related income thresholds (Section 4), to be Social Security Administration

 replaced with transfers from the General Fund of the Treasury of the same amount. August 2, 2017

Billions of Present Value Dollars as of 1-1-2016
Table 1b.n - OASDI Changes & Implications for Federal Budget and Debt of Specified Plan Provision Effects on OASDI (Nominal Dollars)

H.R. 1631, the "Save Social Security Act of 2017" Introduced by Representative Charlie Crist

Year

Specified 

General Fund 

Transfers 1

Basic Changes

in OASDI

Cash Flow

Change

in Annual

Unified Budget

Cash Flow

Change in

Debt Held

by Public at

End of Year

Change

in Annual

Unified Budget

Balance2

Change

in Total

Federal Debt

End of Year

Change

in Annual

On Budget

Balance2

(1) (2) (3) (4) (5) (6) (7)

2016 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2017 0.0 0.0 0.0 0.0 0.0 0.0 0.0

2018 23.7 91.0 49.9 -50.7 50.7 41.8 -41.8

2019 25.1 103.9 60.2 -113.6 62.9 87.8 -45.9

2020 26.5 112.4 66.0 -184.7 71.1 137.9 -50.1

2021 27.8 121.1 72.5 -264.9 80.2 192.0 -54.1

2022 29.3 129.7 78.7 -354.4 89.6 250.5 -58.5

2023 30.8 138.1 84.6 -454.0 99.5 313.8 -63.3

2024 32.3 147.2 91.2 -564.7 110.7 382.4 -68.6

2025 33.7 156.5 98.0 -687.3 122.7 456.5 -74.1

2026 35.0 168.1 107.6 -826.7 139.4 536.9 -80.5

Based on Intermediate Assumptions of the 2016 Trustees Report.

Note: Changes reflect the budget scoring convention that presumes benefits not payable after reserve depletion would 

 nonetheless be paid, based on transfers from the General Fund of the Treasury resulting in additional borrowing from the public.

1

Reflects reimbursements from General Fund of the Treasury to OASDI Trust Funds for lost OASDI taxation of benefit revenues (Section 4

 of the bill). This table does not include reimbursements from the General Fund to the HI Trust Fund for lost HI taxation of benefit revenues. Office of the Chief Actuary

2 Reflects lost OASDI and HI taxation of benefit revenues from increasing related income thresholds (Section 4), to be Social Security Administration

 replaced with transfers from the General Fund of the Treasury of the same amount. August 2, 2017

Billions of Nominal Dollars
Table 1c - Current Law and Proposal Cost, Expenditures, and Income: As Percent of Gross Domestic Product

H.R. 1631, the "Save Social Security Act of 2017" Introduced by Representative Charlie Crist

Cost

Expenditures

(Payable)

Non-Interest

Income Cost

Expenditures

(Payable)

Non-Interest

Income

(1) (2) (3) (4) (5) (6)

2016 4.98 4.98 4.59 4.98 4.98 4.59

2017 4.91 4.91 4.62 4.91 4.91 4.62

2018 4.98 4.98 4.65 4.98 4.98 5.09

2019 5.05 5.05 4.68 5.04 5.04 5.15

2020 5.12 5.12 4.70 5.12 5.12 5.19

2021 5.18 5.18 4.72 5.18 5.18 5.23

2022 5.28 5.28 4.75 5.28 5.28 5.26

2023 5.39 5.39 4.77 5.39 5.39 5.29

2024 5.50 5.50 4.79 5.50 5.50 5.33

2025 5.60 5.60 4.81 5.60 5.60 5.35

2026 5.67 5.67 4.81 5.67 5.67 5.37

2027 5.73 5.73 4.81 5.73 5.73 5.39

2028 5.78 5.78 4.81 5.78 5.78 5.40

2029 5.83 5.83 4.81 5.83 5.83 5.42

2030 5.87 5.87 4.81 5.87 5.87 5.44

2031 5.91 5.91 4.80 5.91 5.91 5.45

2032 5.94 5.94 4.80 5.94 5.94 5.47

2033 5.96 5.96 4.80 5.97 5.97 5.49

2034 5.98 5.29 4.80 5.98 5.98 5.51

2035 5.98 4.79 4.79 5.99 5.99 5.52

2036 6.00 4.79 4.79 6.00 6.00 5.55

2037 6.01 4.79 4.79 6.01 6.01 5.57

2038 6.01 4.78 4.78 6.01 6.01 5.59

2039 6.00 4.78 4.78 6.01 6.01 5.61

2040 5.99 4.78 4.78 6.00 6.00 5.62

2041 5.97 4.77 4.77 5.98 5.98 5.61

2042 5.96 4.77 4.77 5.97 5.97 5.61

2043 5.94 4.77 4.77 5.96 5.96 5.61

2044 5.93 4.76 4.76 5.94 5.94 5.60

2045 5.92 4.76 4.76 5.93 5.93 5.60

2046 5.91 4.76 4.76 5.92 5.92 5.60

2047 5.90 4.76 4.76 5.91 5.91 5.60

2048 5.89 4.76 4.76 5.90 5.90 5.59

2049 5.88 4.75 4.75 5.90 5.90 5.59

2050 5.87 4.75 4.75 5.89 5.89 5.59

2051 5.87 4.75 4.75 5.89 5.89 5.59

2052 5.87 4.75 4.75 5.89 5.89 5.59

2053 5.88 4.75 4.75 5.90 5.90 5.58

2054 5.89 4.75 4.75 5.91 5.91 5.58

2055 5.90 4.74 4.74 5.92 5.92 5.58

2056 5.91 4.74 4.74 5.93 5.93 5.58

2057 5.92 4.74 4.74 5.95 5.95 5.58

2058 5.94 4.74 4.74 5.96 5.96 5.58

2059 5.95 4.74 4.74 5.98 5.98 5.58

2060 5.97 4.74 4.74 5.99 5.99 5.57

2061 5.98 4.73 4.73 6.01 6.01 5.57

2062 5.99 4.73 4.73 6.02 6.02 5.57

2063 6.01 4.73 4.73 6.03 6.03 5.57

2064 6.02 4.73 4.73 6.05 5.62 5.56

2065 6.03 4.72 4.72 6.06 5.56 5.56

2066 6.04 4.72 4.72 6.07 5.55 5.55

2067 6.06 4.72 4.72 6.09 5.55 5.55

2068 6.07 4.71 4.71 6.10 5.55 5.55

2069 6.08 4.71 4.71 6.11 5.54 5.54

2070 6.09 4.71 4.71 6.13 5.54 5.54

2071 6.10 4.70 4.70 6.14 5.54 5.54

2072 6.11 4.70 4.70 6.15 5.53 5.53

2073 6.12 4.70 4.70 6.15 5.53 5.53

2074 6.12 4.69 4.69 6.16 5.53 5.53

2075 6.13 4.69 4.69 6.16 5.52 5.52

2076 6.12 4.68 4.68 6.16 5.52 5.52

2077 6.12 4.68 4.68 6.15 5.51 5.51

2078 6.11 4.67 4.67 6.15 5.51 5.51

2079 6.11 4.67 4.67 6.14 5.50 5.50

2080 6.10 4.66 4.66 6.13 5.49 5.49

2081 6.09 4.66 4.66 6.13 5.49 5.49

2082 6.09 4.66 4.66 6.12 5.49 5.49

2083 6.09 4.65 4.65 6.12 5.48 5.48

2084 6.09 4.65 4.65 6.12 5.48 5.48

2085 6.09 4.64 4.64 6.13 5.47 5.47

2086 6.10 4.64 4.64 6.14 5.47 5.47

2087 6.11 4.64 4.64 6.15 5.47 5.47

2088 6.12 4.64 4.64 6.16 5.47 5.47

2089 6.13 4.63 4.63 6.17 5.46 5.46

2090 6.14 4.63 4.63 6.18 5.46 5.46

Based on Intermediate Assumptions of the 2016 Trustees Report. Office of the Chief Actuary

Social Security Administration

August 2, 2017

Current Law OASDI Proposal OASDI

Calendar

Year
Table 1d - Change in Long-Range Trust Fund Reserves / Unfunded Obligation

H.R. 1631, the "Save Social Security Act of 2017" Introduced by Representative Charlie Crist

Year

Current Law OASDI

Trust Fund Reserves /

Unfunded Obligation

Through End of Year

Changes 

in OASDI 

Income

Changes

in OASDI 

Cost

Basic

Changes

in OASDI

Cash Flow

Total Change

Through

End of Year

Proposal OASDI

Trust Fund Reserves /

Unfunded Obligation

Through End of Year 1

(1) (2) (3) (4) = (2)-(3) (5) = cumulative sum(4) (6) = (1)+(5)

2016 2,741.0 0.0 0.0 0.0 0.0 2,741.0

2017 2,687.5 0.0 0.0 0.0 0.0 2,687.5

2018 2,625.9 84.2 0.0 84.2 84.2 2,710.2

2019 2,554.4 93.1 -0.2 93.3 177.5 2,731.9

2020 2,471.7 97.5 -0.2 97.7 275.3 2,746.9

2021 2,378.9 101.8 -0.2 102.0 377.3 2,756.2

2022 2,270.6 105.6 -0.1 105.8 483.1 2,753.7

2023 2,142.4 108.9 -0.1 109.0 592.1 2,734.5

2024 1,994.9 112.3 0.0 112.3 704.4 2,699.3

2025 1,827.2 115.4 0.1 115.3 819.7 2,646.9

2026 1,645.4 119.5 0.1 119.3 939.0 2,584.5

2027 1,450.6 123.3 0.2 123.1 1,062.1 2,512.7

2028 1,244.3 126.9 0.3 126.6 1,188.7 2,433.1

2029 1,028.4 130.0 0.4 129.6 1,318.3 2,346.7

2030 804.8 133.0 0.6 132.4 1,450.7 2,255.5

2031 575.3 135.6 0.7 134.9 1,585.7 2,160.9

2032 341.0 138.4 0.8 137.6 1,723.3 2,064.3

2033 103.7 141.4 0.9 140.5 1,863.8 1,967.5

2034 -134.7 144.5 1.0 143.5 2,007.2 1,872.5

2035 -372.8 147.7 1.2 146.6 2,153.8 1,781.0

2036 -612.3 151.1 1.3 149.8 2,303.6 1,691.3

2037 -852.1 154.6 1.4 153.1 2,456.7 1,604.6

2038 -1,090.4 158.3 1.6 156.7 2,613.4 1,523.0

2039 -1,326.1 162.2 1.7 160.5 2,773.9 1,447.9

2040 -1,558.1 161.6 1.8 159.8 2,933.7 1,375.6

2041 -1,786.1 160.2 1.9 158.3 3,092.0 1,305.9

2042 -2,010.0 158.8 2.1 156.7 3,248.7 1,238.7

2043 -2,229.8 157.5 2.2 155.2 3,403.9 1,174.2

2044 -2,445.4 156.1 2.4 153.8 3,557.7 1,112.3

2045 -2,657.8 154.7 2.5 152.2 3,709.9 1,052.1

2046 -2,866.7 153.4 2.6 150.7 3,860.6 993.9

2047 -3,072.2 152.0 2.8 149.2 4,009.9 937.7

2048 -3,274.5 150.6 2.9 147.7 4,157.6 883.1

2049 -3,473.9 149.2 3.0 146.2 4,303.8 830.0

2050 -3,670.6 147.9 3.1 144.7 4,448.6 777.9

2051 -3,865.4 146.5 3.2 143.2 4,591.8 726.4

2052 -4,059.0 145.1 3.4 141.7 4,733.5 674.5

2053 -4,251.9 143.7 3.5 140.2 4,873.8 621.9

2054 -4,444.5 142.3 3.6 138.7 5,012.5 568.0

2055 -4,637.2 140.9 3.7 137.2 5,149.7 512.5

2056 -4,830.5 139.5 3.8 135.7 5,285.4 455.0

2057 -5,024.3 138.1 3.9 134.2 5,419.7 395.3

2058 -5,218.8 136.8 4.0 132.7 5,552.4 333.6

2059 -5,413.9 135.4 4.1 131.3 5,683.7 269.8

2060 -5,609.6 134.0 4.2 129.8 5,813.5 203.9

2061 -5,805.8 132.6 4.3 128.4 5,941.8 136.1

2062 -6,002.5 131.3 4.3 126.9 6,068.8 66.3

2063 -6,199.6 129.9 4.4 125.5 6,194.3 -5.3

2064 -6,397.1 128.6 4.4 124.2 6,318.5 -78.6

2065 -6,595.0 127.3 4.5 122.8 6,441.3 -153.7

2066 -6,793.3 126.0 4.5 121.5 6,562.7 -230.6

2067 -6,992.1 124.7 4.6 120.1 6,682.8 -309.3

2068 -7,191.4 123.4 4.6 118.8 6,801.7 -389.7

2069 -7,391.0 122.2 4.6 117.5 6,919.2 -471.8

2070 -7,591.0 120.9 4.6 116.3 7,035.5 -555.6

2071 -7,791.2 119.7 4.7 115.0 7,150.5 -640.6

2072 -7,991.1 118.5 4.7 113.8 7,264.4 -726.7

2073 -8,190.5 117.3 4.7 112.6 7,377.0 -813.5

2074 -8,389.1 116.1 4.7 111.4 7,488.4 -900.7

2075 -8,586.7 115.0 4.7 110.3 7,598.7 -987.9

2076 -8,782.6 113.8 4.7 109.1 7,707.8 -1,074.8

2077 -8,976.7 112.7 4.7 108.0 7,815.8 -1,160.9

2078 -9,168.8 111.5 4.7 106.9 7,922.7 -1,246.1

2079 -9,358.6 110.4 4.6 105.8 8,028.4 -1,330.1

2080 -9,546.2 109.3 4.6 104.7 8,133.1 -1,413.1

2081 -9,731.8 108.2 4.6 103.6 8,236.7 -1,495.1

2082 -9,915.6 107.1 4.6 102.5 8,339.2 -1,576.4

2083 -10,098.0 106.0 4.5 101.4 8,440.6 -1,657.4

2084 -10,279.3 104.9 4.5 100.4 8,541.0 -1,738.3

2085 -10,459.9 103.8 4.5 99.3 8,640.3 -1,819.6

2086 -10,639.8 102.7 4.5 98.3 8,738.6 -1,901.3

2087 -10,819.4 101.7 4.5 97.2 8,835.8 -1,983.7

2088 -10,998.8 100.6 4.5 96.2 8,931.9 -2,066.8

2089 -11,177.9 99.6 4.4 95.1 9,027.1 -2,150.8

2090 -11,356.8 98.5 4.4 94.1 9,121.2 -2,235.6

Total 2016-2090 9334.0 212.8 9121.2

Based on Intermediate Assumptions of the 2016 Trustees Report.

Ultimate Real Trust Fund Yield of 2.7%.

Office of the Chief Actuary

1

 All amounts in the table are discounted at the present law combined OASDI interest rate. As Table 1 shows, accumulations of Social Security Administration

 reserves under the proposal are based on individual OASI and DI Trust Fund holdings, and results in OASDI reserve depletion in 2064. August 2, 2017

(Billions of Dollars, Present Value on 1-1-2016)