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 11.00 12.73 1.73 337 4,985 4,985 0.0%

2007 10.95 12.74 1.79 355 5,244 5,244 0.0%

2008 10.99 12.78 1.80 370 5,511 5,511 0.0%

2009 11.13 12.77 1.65 383 5,784 5,784 0.0%

2010 11.25 12.79 1.54 394 6,065 6,065 0.0%

2011 11.42 12.84 1.42 404 6,354 6,354 0.0%

2012 11.66 12.87 1.21 410 6,646 6,646 0.0%

2013 11.92 12.90 0.99 415 6,946 6,946 0.0%

2014 12.18 12.92 0.74 418 7,259 7,258 0.0%

2015 12.43 12.93 0.50 420 7,585 7,583 0.0%

2016 12.69 12.95 0.26 420 7,922 7,919 0.0%

2017 12.96 12.97 0.01 418 8,272 8,268 0.1%

2018 13.24 12.99 -0.25 414 8,635 8,630 0.1%

2019 13.52 13.00 -0.52 410 9,011 9,005 0.1%

2020 13.82 13.02 -0.80 403 9,397 9,391 0.1%

2021 14.12 13.04 -1.08 395 9,799 9,794 0.1%

2022 14.44 13.06 -1.38 385 10,213 10,209 0.0%

2023 14.75 13.08 -1.67 373 10,643 10,640 0.0%

2024 15.06 13.10 -1.96 361 11,087 11,085 0.0%

2025 15.36 13.11 -2.25 347 11,547 11,545 0.0%

2026 15.67 13.13 -2.54 331 12,025 12,024 0.0%

2027 15.95 13.15 -2.80 315 12,528 12,527 0.0%

2028 16.19 13.16 -3.03 298 13,054 13,054 0.0%

2029 16.42 13.18 -3.24 281 13,599 13,599 0.0%

2030 16.62 13.19 -3.43 262 14,166 14,166 0.0%

2031 16.80 13.21 -3.60 244 14,758 14,758 0.0%

2032 16.96 13.22 -3.74 224 15,381 15,381 0.0%

2033 17.08 13.23 -3.86 204 16,033 16,033 0.0%

2034 17.17 13.23 -3.94 184 16,714 16,714 0.0%

2035 17.25 13.24 -4.01 164 17,418 17,418 0.0%

2036 17.31 13.24 -4.07 143 18,153 18,153 0.0%

2037 17.36 13.25 -4.11 121 18,923 18,923 0.0%

2038 17.38 13.25 -4.13 100 19,728 19,728 0.0%

2039 17.40 13.25 -4.14 78 20,569 20,569 0.0%

2040 17.41 13.26 -4.15 55 21,442 21,442 0.0%

2041 17.43 13.26 -4.17 32 22,353 22,353 0.0%

2042 17.44 13.26 -4.18 9 23,302 23,302 0.0%

2043 17.46 13.26 -4.20 ---- 24,292 24,292 0.0%

2044 17.47 13.26 -4.21 ---- 25,321 25,321 0.0%

2045 17.49 13.27 -4.23 ---- 26,386 26,386 0.0%

2046 17.52 13.27 -4.25 ---- 27,491 27,491 0.0%

2047 17.54 13.27 -4.27 ---- 28,642 28,642 0.0%

2048 17.57 13.27 -4.29 ---- 29,842 29,842 0.0%

2049 17.59 13.28 -4.32 ---- 31,085 31,085 0.0%

2050 17.62 13.28 -4.35 ---- 32,374 32,374 0.0%

2051 17.66 13.28 -4.38 ---- 33,719 33,719 0.0%

2052 17.70 13.29 -4.42 ---- 35,120 35,120 0.0%

2053 17.75 13.29 -4.46 ---- 36,579 36,579 0.0%

2054 17.79 13.29 -4.50 ---- 38,101 38,101 0.0%

2055 17.84 13.29 -4.54 ---- 39,682 39,682 0.0%

2056 17.89 13.30 -4.59 ---- 41,324 41,324 0.0%

2057 17.95 13.30 -4.64 ---- 43,036 43,036 0.0%

2058 18.00 13.31 -4.69 ---- 44,817 44,817 0.0%

2059 18.05 13.31 -4.74 ---- 46,670 46,670 0.0%

2060 18.10 13.31 -4.79 ---- 48,600 48,600 0.0%

2061 18.16 13.32 -4.84 ---- 50,605 50,605 0.0%

2062 18.22 13.32 -4.90 ---- 52,699 52,699 0.0%

2063 18.28 13.32 -4.95 ---- 54,883 54,883 0.0%

2064 18.34 13.33 -5.01 ---- 57,155 57,155 0.0%

2065 18.40 13.33 -5.07 ---- 59,520 59,520 0.0%

2066 18.46 13.34 -5.12 ---- 61,964 61,964 0.0%

2067 18.52 13.34 -5.18 ---- 64,511 64,511 0.0%

2068 18.57 13.34 -5.23 ---- 67,183 67,183 0.0%

2069 18.63 13.35 -5.28 ---- 69,970 69,970 0.0%

2070 18.67 13.35 -5.32 ---- 72,868 72,868 0.0%

2071 18.72 13.35 -5.37 ---- 75,881 75,881 0.0%

2072 18.77 13.36 -5.41 ---- 79,015 79,015 0.0%

2073 18.81 13.36 -5.45 ---- 82,282 82,282 0.0%

2074 18.85 13.36 -5.49 ---- 85,685 85,685 0.0%

2075 18.90 13.36 -5.53 ---- 89,221 89,221 0.0%

2076 18.94 13.37 -5.58 ---- 92,900 92,900 0.0%

2077 18.99 13.37 -5.62 ---- 96,727 96,727 0.0%

2078 19.03 13.37 -5.66 ---- 100,711 100,711 0.0%

2079 19.08 13.37 -5.70 ---- 104,859 104,859 0.0%

2080 19.12 13.38 -5.75 ---- 109,174 109,174 0.0%

Summarized Rates: OASDI

2005 Cost Rate Income Rate

Actuarial 

Balance

-2079 15.72% 13.87% -1.86% 0.07%

Office of the Chief Actuary, Social Security

Estimates based on Intermediate Assumptions of the 2005 Trustees Report January 13, 2006

Detailed Single Year Tables

Category of Change: Retirement Age

Change in 

Actuarial Balance

Proposed Provision: Shorten the hiatus in the normal retirement age (speed up the increase to age 67). 

That is, increase the NRA by 2 months per year for those attaining age 62 in 2012 through 2017, five 

years earlier than in current law, which would increase the NRA 2 months per year for those reaching 

age 62 in 2017 through 2022.

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