Year Cost Rate

Income 

Rate

Annual 

Balance

Proposed 

Plan

Present 

Law

2008 11.20 12.77 1.57 359 5,567 5,567 0.0%

2009 9.52 12.74 3.23 369 6,935 5,859 18.3%

2010 9.60 12.76 3.16 397 7,288 6,155 18.4%

2011 9.74 12.77 3.03 424 7,634 6,449 18.4%

2012 9.93 12.80 2.86 448 7,989 6,746 18.4%

2013 10.15 12.82 2.67 468 8,359 7,055 18.5%

2014 10.39 12.84 2.45 485 8,741 7,373 18.6%

2015 10.64 12.86 2.21 500 9,131 7,701 18.6%

2016 10.89 12.87 1.98 513 9,537 8,039 18.6%

2017 11.15 12.89 1.74 523 9,960 8,390 18.7%

2018 11.40 12.91 1.51 532 10,399 8,759 18.7%

2019 11.65 12.93 1.27 539 10,854 9,142 18.7%

2020 11.90 12.94 1.04 545 11,327 9,539 18.7%

2021 12.14 12.96 0.82 549 11,818 9,952 18.7%

2022 12.37 12.97 0.61 553 12,328 10,381 18.8%

2023 12.59 12.99 0.40 556 12,859 10,827 18.8%

2024 12.79 13.00 0.21 557 13,413 11,293 18.8%

2025 12.99 13.01 0.02 558 13,990 11,777 18.8%

2026 13.18 13.03 -0.15 558 14,592 12,284 18.8%

2027 13.36 13.04 -0.32 557 15,218 12,810 18.8%

2028 13.52 13.05 -0.47 556 15,872 13,360 18.8%

2029 13.68 13.06 -0.62 554 16,559 13,937 18.8%

2030 13.81 13.07 -0.74 552 17,276 14,539 18.8%

2031 13.92 13.08 -0.84 549 18,029 15,172 18.8%

2032 14.02 13.08 -0.93 547 18,816 15,833 18.8%

2033 14.09 13.09 -1.00 545 19,643 16,528 18.8%

2034 14.14 13.09 -1.04 543 20,510 17,257 18.9%

2035 14.17 13.10 -1.07 542 21,415 18,017 18.9%

2036 14.19 13.10 -1.09 540 22,359 18,810 18.9%

2037 14.20 13.10 -1.10 539 23,347 19,640 18.9%

2038 14.19 13.10 -1.09 539 24,381 20,509 18.9%

2039 14.17 13.10 -1.07 539 25,466 21,420 18.9%

2040 14.14 13.10 -1.04 539 26,600 22,373 18.9%

2041 14.11 13.10 -1.01 540 27,784 23,368 18.9%

2042 14.08 13.10 -0.97 541 29,022 24,408 18.9%

2043 14.04 13.10 -0.94 543 30,315 25,494 18.9%

2044 14.01 13.10 -0.91 544 31,668 26,630 18.9%

2045 13.98 13.10 -0.88 546 33,075 27,812 18.9%

2046 13.95 13.10 -0.85 547 34,541 29,043 18.9%

2047 13.93 13.10 -0.83 549 36,069 30,327 18.9%

2048 13.91 13.10 -0.82 551 37,664 31,666 18.9%

2049 13.90 13.10 -0.80 553 39,326 33,062 18.9%

2050 13.89 13.10 -0.79 555 41,057 34,514 19.0%

2051 13.89 13.10 -0.79 557 42,860 36,028 19.0%

2052 13.89 13.10 -0.79 558 44,746 37,612 19.0%

2053 13.90 13.10 -0.80 560 46,718 39,267 19.0%

2054 13.91 13.10 -0.81 561 48,774 40,993 19.0%

2055 13.92 13.10 -0.82 562 50,918 42,793 19.0%

2056 13.94 13.10 -0.84 563 53,150 44,666 19.0%

2057 13.96 13.10 -0.86 564 55,483 46,625 19.0%

2058 13.98 13.11 -0.88 564 57,921 48,670 19.0%

2059 14.00 13.11 -0.89 564 60,470 50,809 19.0%

2060 14.02 13.11 -0.91 565 63,127 53,039 19.0%

2061 14.04 13.11 -0.93 565 65,897 55,363 19.0%

2062 14.06 13.11 -0.95 565 68,794 57,794 19.0%

2063 14.08 13.11 -0.97 565 71,818 60,331 19.0%

2064 14.10 13.12 -0.99 565 74,977 62,981 19.0%

2065 14.13 13.12 -1.01 564 78,272 65,746 19.1%

Detailed Single Year Tables

Category of Change: Level of OASDI Contribution and Benefit Base

Proposed Provision: Beginning in 2009, make all earnings subject to the payroll tax (but retain the 

current-law taxable maximum for benefit calculations)

OASDI Taxable Payroll 

(in billions of dollars)

Increase in 

Taxable 

Payroll over 

Present Law

Expressed as a percentage of taxable payrol Trust Fund 

Ratio 

1-1-year
2066 14.15 13.12 -1.04 564 81,707 68,626 19.1%

2067 14.18 13.12 -1.06 563 85,293 71,635 19.1%

2068 14.21 13.12 -1.08 562 89,041 74,778 19.1%

2069 14.23 13.12 -1.11 561 92,945 78,052 19.1%

2070 14.26 13.13 -1.14 559 97,008 81,460 19.1%

2071 14.30 13.13 -1.17 558 101,246 85,014 19.1%

2072 14.33 13.13 -1.20 556 105,682 88,734 19.1%

2073 14.36 13.13 -1.23 554 110,308 92,613 19.1%

2074 14.39 13.13 -1.26 551 115,130 96,656 19.1%

2075 14.42 13.14 -1.29 549 120,162 100,875 19.1%

2076 14.46 13.14 -1.32 546 125,403 105,268 19.1%

2077 14.49 13.14 -1.35 543 130,872 109,853 19.1%

2078 14.53 13.14 -1.39 540 136,565 114,625 19.1%

2079 14.57 13.14 -1.42 537 142,506 119,604 19.1%

2080 14.61 13.15 -1.46 533 148,698 124,794 19.2%

2081 14.64 13.15 -1.50 529 155,163 130,212 19.2%

2082 14.68 13.15 -1.53 525 161,905 135,862 19.2%

2083 14.72 13.15 -1.57 520 168,939 141,756 19.2%

2084 14.76 13.16 -1.60 515 176,285 147,912 19.2%

2085 14.79 13.16 -1.64 510 183,968 154,350 19.2%

Summarized Rates: OASDI

2008 Cost Rate Income Rate

Actuarial 

Balance

-2082 13.20% 13.69% 0.50% 2.19%

Office of the Chief Actuary, Social Security

Estimates based on Intermediate Assumptions of the 2008 Trustees Report

Change in 

Actuarial Balance

July 17, 2008