Cost Rate

Income 

Rate

Annual 

Balance Cost Rate

Income 

Rate

Annual 

Balance

14.53 13.29 -1.24 204 0.00 0.00 0.00

14.87 12.89 -1.98 187 0.00 0.00 0.00

15.15 12.98 -2.17 167 0.11 0.00 -0.10

15.34 13.09 -2.25 148 0.11 0.01 -0.10

15.49 13.10 -2.39 129 0.11 0.01 -0.10

15.66 13.14 -2.53 111 0.11 0.01 -0.10

15.83 13.17 -2.66 93 0.11 0.01 -0.10

15.98 13.19 -2.79 75 0.11 0.01 -0.10

16.11 13.22 -2.89 57 0.11 0.01 -0.10

16.26 13.24 -3.01 38 0.11 0.01 -0.10

16.38 13.26 -3.13 20 0.11 0.01 -0.11

16.50 13.27 -3.23 1 0.11 0.01 -0.11

16.59 13.27 -3.32 ---- 0.11 0.01 -0.11

16.67 13.28 -3.39 ---- 0.11 0.01 -0.11

16.75 13.29 -3.46 ---- 0.11 0.01 -0.11

16.81 13.29 -3.52 ---- 0.11 0.01 -0.11

16.86 13.30 -3.56 ---- 0.11 0.01 -0.11

16.90 13.30 -3.59 ---- 0.11 0.01 -0.11

16.92 13.31 -3.61 ---- 0.11 0.01 -0.11

16.93 13.31 -3.62 ---- 0.11 0.01 -0.11

16.94 13.31 -3.63 ---- 0.11 0.01 -0.11

16.96 13.31 -3.65 ---- 0.11 0.01 -0.11

16.98 13.31 -3.66 ---- 0.11 0.01 -0.11

16.99 13.32 -3.68 ---- 0.11 0.01 -0.11

17.02 13.32 -3.70 ---- 0.11 0.01 -0.11

17.04 13.32 -3.72 ---- 0.11 0.01 -0.11

17.07 13.32 -3.74 ---- 0.11 0.01 -0.11

17.10 13.33 -3.77 ---- 0.11 0.01 -0.11

17.13 13.33 -3.80 ---- 0.11 0.01 -0.11

17.17 13.33 -3.84 ---- 0.11 0.01 -0.11

17.22 13.34 -3.88 ---- 0.11 0.01 -0.11

17.28 13.34 -3.93 ---- 0.11 0.01 -0.11

17.34 13.35 -3.99 ---- 0.11 0.01 -0.11

17.42 13.35 -4.06 ---- 0.11 0.01 -0.11

17.49 13.36 -4.13 ---- 0.11 0.01 -0.11

17.57 13.37 -4.20 ---- 0.11 0.01 -0.11

17.65 13.37 -4.28 ---- 0.11 0.01 -0.11

17.73 13.38 -4.35 ---- 0.11 0.01 -0.11

17.80 13.39 -4.42 ---- 0.11 0.01 -0.11

17.87 13.39 -4.48 ---- 0.11 0.01 -0.11

17.94 13.40 -4.54 ---- 0.11 0.01 -0.11

18.00 13.40 -4.60 ---- 0.11 0.01 -0.11

18.06 13.41 -4.65 ---- 0.12 0.01 -0.11

18.12 13.41 -4.71 ---- 0.12 0.01 -0.11

18.18 13.42 -4.76 ---- 0.12 0.01 -0.11

18.23 13.42 -4.81 ---- 0.12 0.01 -0.11

18.29 13.43 -4.86 ---- 0.12 0.01 -0.11

18.35 13.43 -4.92 ---- 0.12 0.01 -0.11

18.40 13.43 -4.97 ---- 0.12 0.01 -0.11

18.45 13.44 -5.01 ---- 0.12 0.01 -0.11

18.50 13.44 -5.06 ---- 0.12 0.01 -0.11

18.55 13.45 -5.10 ---- 0.12 0.01 -0.11

18.58 13.45 -5.13 ---- 0.12 0.01 -0.11

18.61 13.45 -5.16 ---- 0.12 0.01 -0.11

18.62 13.45 -5.17 ---- 0.12 0.01 -0.11

18.62 13.46 -5.17 ---- 0.12 0.01 -0.11

18.61 13.46 -5.15 ---- 0.12 0.01 -0.11

18.58 13.45 -5.13 ---- 0.12 0.01 -0.11

18.55 13.45 -5.10 ---- 0.12 0.01 -0.11

18.51 13.45 -5.06 ---- 0.12 0.01 -0.11

18.46 13.45 -5.01 ---- 0.12 0.01 -0.11

18.41 13.44 -4.96 ---- 0.12 0.01 -0.11

18.34 13.44 -4.90 ---- 0.12 0.01 -0.11

18.28 13.44 -4.84 ---- 0.12 0.01 -0.11

18.21 13.43 -4.77 ---- 0.12 0.01 -0.11

18.13 13.43 -4.71 ---- 0.11 0.01 -0.11

18.07 13.42 -4.64 ---- 0.11 0.01 -0.11

18.01 13.42 -4.59 ---- 0.11 0.01 -0.11

17.95 13.42 -4.54 ---- 0.11 0.01 -0.11

17.91 13.41 -4.50 ---- 0.11 0.01 -0.11

17.88 13.41 -4.47 ---- 0.11 0.01 -0.10

17.86 13.41 -4.45 ---- 0.11 0.01 -0.10

17.86 13.41 -4.44 ---- 0.11 0.01 -0.10

17.86 13.41 -4.44 ---- 0.11 0.01 -0.10

17.86 13.41 -4.45 ---- 0.11 0.01 -0.10

17.88 13.41 -4.47 ---- 0.11 0.01 -0.10

Cost Rate Income Rate

Actuarial 

Balance Cost Rate Income Rate

Actuarial 

Balance

17.49% 13.78% -3.71% 2034 0.11% 0.01% -0.10%

1

Office of the Chief Actuary

Social Security Administration

September 15, 2023

Year of reserve 

depletion1

Summarized Estimates: Change from Current Law

2023

-2097

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

Estimates based on Intermediate Assumptions of the 2023 Trustees Report

Summarized Estimates: Proposal

2095

2096

2097

2098

2094

2083

2084

2085

2086

2087

2088

2089

2090

2091

2092

2093

2082

2071

2072

2073

2074

2075

2076

2077

2078

2079

2080

2081

2070

2059

2060

2061

2062

2063

2064

2065

2066

2067

2068

2069

2058

2047

2048

2049

2050

2051

2052

2053

2054

2055

2056

2057

2046

2035

2036

2037

2038

2039

2040

2041

2042

2043

2044

2045

2034

2023

2024

2025

2026

2027

2028

2029

2030

2031

2032

2033

Detailed Single Year Tables

Category of Change: Family Members

Proposal Change from Current Law

Proposed Provision: D4. Establish an alternative benefit for a surviving spouse. For the surviving spouse, the 

alternative benefit would equal 75 percent of the sum of the survivor's own worker benefit and the deceased worker's 

PIA (including any actuarial reductions or delayed retirement credits). If the deceased worker died before becoming 

entitled, use the age 62 actuarial reduction if deceased before age 62, or the applicable actuarial reduction/DRC for 

entitlement at the age of death if deceased after 62. The alternative benefit would not exceed the PIA of a hypothetical 

earner who earns the SSA average wage index (AWI) every year, and who becomes eligible for retired-worker benefits in 

the same year in which the deceased worker became entitled to worker benefits or died (if before entitlement). The 

alternative benefit would be paid only if more than the current-law benefit. This benefit would be available to surviving 

spouses on the rolls at the beginning of 2025 and those becoming eligible after 2024.

Expressed as a percentage of

current-law taxable payroll Trust Fund 

Ratio 

1-1-year

Expressed as a percentage of

current-law taxable payroll

Year