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 11.24 12.81 1.57 369 5,872 5,859 0.2%

2010 11.31 12.82 1.51 379 6,186 6,155 0.5%

2011 11.44 12.84 1.39 387 6,498 6,449 0.8%

2012 11.65 12.86 1.22 393 6,813 6,746 1.0%

2013 11.89 12.90 1.01 397 7,139 7,055 1.2%

2014 12.15 12.91 0.76 398 7,474 7,373 1.4%

2015 12.43 12.93 0.51 398 7,820 7,701 1.5%

2016 12.71 12.95 0.24 396 8,176 8,039 1.7%

2017 13.00 12.98 -0.03 392 8,545 8,390 1.9%

2018 13.28 12.99 -0.28 387 8,933 8,759 2.0%

2019 13.56 13.01 -0.55 381 9,335 9,142 2.1%

2020 13.84 13.03 -0.81 374 9,752 9,539 2.2%

2021 14.10 13.05 -1.05 365 10,186 9,952 2.3%

2022 14.35 13.06 -1.28 356 10,636 10,381 2.5%

2023 14.59 13.08 -1.51 346 11,103 10,827 2.6%

2024 14.82 13.10 -1.73 335 11,593 11,293 2.7%

2025 15.04 13.11 -1.93 323 12,101 11,777 2.8%

2026 15.25 13.12 -2.12 311 12,633 12,284 2.8%

2027 15.44 13.14 -2.31 297 13,186 12,810 2.9%

2028 15.63 13.15 -2.48 283 13,764 13,360 3.0%

2029 15.80 13.16 -2.64 268 14,371 13,937 3.1%

2030 15.94 13.17 -2.77 253 15,005 14,539 3.2%

2031 16.07 13.18 -2.89 237 15,671 15,172 3.3%

2032 16.17 13.19 -2.98 221 16,369 15,833 3.4%

2033 16.24 13.19 -3.05 204 17,101 16,528 3.5%

2034 16.30 13.20 -3.10 188 17,870 17,257 3.6%

2035 16.33 13.20 -3.13 171 18,672 18,017 3.6%

2036 16.35 13.21 -3.15 154 19,510 18,810 3.7%

2037 16.36 13.21 -3.15 137 20,387 19,640 3.8%

2038 16.35 13.21 -3.14 119 21,306 20,509 3.9%

2039 16.33 13.21 -3.12 102 22,260 21,420 3.9%

2040 16.31 13.21 -3.10 84 23,258 22,373 4.0%

2041 16.28 13.21 -3.07 67 24,299 23,368 4.0%

2042 16.25 13.21 -3.04 49 25,389 24,408 4.0%

2043 16.22 13.21 -3.01 31 26,527 25,494 4.1%

2044 16.20 13.21 -2.99 13 27,709 26,630 4.1%

2045 16.18 13.21 -2.97 ---- 28,938 27,812 4.1%

2046 16.17 13.21 -2.96 ---- 30,219 29,043 4.0%

2047 16.16 13.21 -2.96 ---- 31,554 30,327 4.0%

2048 16.16 13.21 -2.95 ---- 32,948 31,666 4.0%

2049 16.16 13.21 -2.95 ---- 34,400 33,062 4.0%

2050 16.17 13.21 -2.96 ---- 35,911 34,514 4.0%

2051 16.19 13.21 -2.98 ---- 37,485 36,028 4.0%

2052 16.21 13.21 -3.00 ---- 39,133 37,612 4.0%

2053 16.24 13.22 -3.02 ---- 40,854 39,267 4.0%

2054 16.27 13.22 -3.05 ---- 42,650 40,993 4.0%

2055 16.31 13.22 -3.08 ---- 44,522 42,793 4.0%

2056 16.35 13.22 -3.12 ---- 46,471 44,666 4.0%

2057 16.39 13.23 -3.16 ---- 48,507 46,625 4.0%

2058 16.43 13.23 -3.20 ---- 50,635 48,670 4.0%

2059 16.47 13.23 -3.23 ---- 52,859 50,809 4.0%

2060 16.51 13.23 -3.27 ---- 55,178 53,039 4.0%

2061 16.55 13.24 -3.31 ---- 57,596 55,363 4.0%

2062 16.59 13.24 -3.35 ---- 60,124 57,794 4.0%

2063 16.62 13.24 -3.38 ---- 62,762 60,331 4.0%

2064 16.66 13.25 -3.42 ---- 65,519 62,981 4.0%

2065 16.70 13.25 -3.45 ---- 68,394 65,746 4.0%

Detailed Single Year Tables

Category of Change: Coverage of Employment

Proposed Provision: Cover newly hired State and local government employees beginning in 2009

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 16.75 13.25 -3.50 ---- 71,390 68,626 4.0%

2067 16.79 13.25 -3.54 ---- 74,518 71,635 4.0%

2068 16.83 13.26 -3.58 ---- 77,787 74,778 4.0%

2069 16.87 13.26 -3.61 ---- 81,192 78,052 4.0%

2070 16.92 13.26 -3.66 ---- 84,736 81,460 4.0%

2071 16.97 13.26 -3.70 ---- 88,432 85,014 4.0%

2072 17.01 13.27 -3.74 ---- 92,300 88,734 4.0%

2073 17.06 13.27 -3.79 ---- 96,333 92,613 4.0%

2074 17.10 13.27 -3.83 ---- 100,538 96,656 4.0%

2075 17.15 13.27 -3.88 ---- 104,925 100,875 4.0%

2076 17.20 13.28 -3.92 ---- 109,494 105,268 4.0%

2077 17.25 13.28 -3.97 ---- 114,261 109,853 4.0%

2078 17.30 13.28 -4.01 ---- 119,224 114,625 4.0%

2079 17.35 13.29 -4.06 ---- 124,401 119,604 4.0%

2080 17.39 13.29 -4.11 ---- 129,797 124,794 4.0%

2081 17.44 13.29 -4.15 ---- 135,431 130,212 4.0%

2082 17.49 13.29 -4.20 ---- 141,306 135,862 4.0%

2083 17.54 13.30 -4.24 ---- 147,435 141,756 4.0%

2084 17.59 13.30 -4.29 ---- 153,836 147,912 4.0%

2085 17.63 13.30 -4.33 ---- 160,530 154,350 4.0%

Summarized Rates: OASDI

2008 Cost Rate Income Rate

Actuarial 

Balance

-2082 15.38% 13.90% -1.48% 0.22%

Office of the Chief Actuary, Social Security

Estimates based on Intermediate Assumptions of the 2008 Trustees Report

Change in 

Actuarial Balance

July 17, 2008