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 11.26 12.81 1.54 369 5,859 5,859 0.0%

2010 11.36 12.82 1.47 379 6,155 6,155 0.0%

2011 11.51 12.84 1.33 387 6,450 6,449 0.0%

2012 11.72 12.87 1.15 393 6,747 6,746 0.0%

2013 11.96 12.90 0.94 397 7,057 7,055 0.0%

2014 12.21 12.91 0.70 399 7,376 7,373 0.0%

2015 12.47 12.93 0.46 400 7,705 7,701 0.1%

2016 12.71 12.95 0.24 399 8,045 8,039 0.1%

2017 12.97 12.97 0.00 397 8,397 8,390 0.1%

2018 13.23 12.99 -0.24 393 8,767 8,759 0.1%

2019 13.50 13.01 -0.49 388 9,150 9,142 0.1%

2020 13.77 13.02 -0.74 381 9,547 9,539 0.1%

2021 14.03 13.04 -0.99 374 9,960 9,952 0.1%

2022 14.29 13.06 -1.23 365 10,388 10,381 0.1%

2023 14.54 13.08 -1.47 356 10,833 10,827 0.1%

2024 14.79 13.09 -1.70 345 11,300 11,293 0.1%

2025 15.03 13.11 -1.92 333 11,784 11,777 0.1%

2026 15.26 13.12 -2.14 320 12,290 12,284 0.1%

2027 15.48 13.14 -2.34 306 12,816 12,810 0.0%

2028 15.68 13.15 -2.53 292 13,366 13,360 0.0%

2029 15.86 13.16 -2.70 277 13,944 13,937 0.1%

2030 16.01 13.17 -2.84 261 14,547 14,539 0.1%

2031 16.13 13.18 -2.95 246 15,180 15,172 0.1%

2032 16.22 13.19 -3.03 230 15,843 15,833 0.1%

2033 16.29 13.19 -3.10 213 16,539 16,528 0.1%

2034 16.33 13.20 -3.14 197 17,269 17,257 0.1%

2035 16.36 13.20 -3.16 180 18,030 18,017 0.1%

2036 16.37 13.20 -3.17 163 18,824 18,810 0.1%

2037 16.37 13.20 -3.16 146 19,655 19,640 0.1%

2038 16.34 13.20 -3.14 129 20,526 20,509 0.1%

2039 16.30 13.20 -3.10 112 21,438 21,420 0.1%

2040 16.25 13.20 -3.04 95 22,392 22,373 0.1%

2041 16.18 13.20 -2.98 78 23,388 23,368 0.1%

2042 16.12 13.20 -2.92 61 24,430 24,408 0.1%

2043 16.06 13.20 -2.86 44 25,518 25,494 0.1%

2044 15.99 13.19 -2.80 27 26,656 26,630 0.1%

2045 15.94 13.19 -2.75 10 27,841 27,812 0.1%

2046 15.88 13.19 -2.70 ---- 29,075 29,043 0.1%

2047 15.84 13.19 -2.65 ---- 30,361 30,327 0.1%

2048 15.79 13.18 -2.61 ---- 31,704 31,666 0.1%

2049 15.75 13.18 -2.56 ---- 33,102 33,062 0.1%

2050 15.71 13.18 -2.53 ---- 34,559 34,514 0.1%

2051 15.68 13.18 -2.50 ---- 36,076 36,028 0.1%

2052 15.66 13.18 -2.48 ---- 37,664 37,612 0.1%

2053 15.64 13.18 -2.46 ---- 39,323 39,267 0.1%

2054 15.63 13.18 -2.45 ---- 41,053 40,993 0.1%

2055 15.62 13.18 -2.44 ---- 42,858 42,793 0.2%

2056 15.61 13.18 -2.43 ---- 44,736 44,666 0.2%

2057 15.60 13.18 -2.42 ---- 46,699 46,625 0.2%

2058 15.60 13.18 -2.42 ---- 48,750 48,670 0.2%

2059 15.59 13.18 -2.41 ---- 50,895 50,809 0.2%

2060 15.59 13.18 -2.41 ---- 53,130 53,039 0.2%

2061 15.60 13.18 -2.42 ---- 55,460 55,363 0.2%

2062 15.60 13.18 -2.42 ---- 57,896 57,794 0.2%

2063 15.59 13.18 -2.41 ---- 60,440 60,331 0.2%

2064 15.58 13.18 -2.40 ---- 63,097 62,981 0.2%

2065 15.57 13.18 -2.39 ---- 65,870 65,746 0.2%

Detailed Single Year Tables

Category of Change: Retirement Age

Proposed Provision: Shorten the hiatus in the normal retirement age (start increasing to age 67 for 

those age 62 in 2009) and then increase the NRA by 1 month every 2 years until the NRA reaches age 70

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 15.54 13.18 -2.37 ---- 68,761 68,626 0.2%

2067 15.53 13.18 -2.35 ---- 71,779 71,635 0.2%

2068 15.53 13.18 -2.35 ---- 74,932 74,778 0.2%

2069 15.55 13.18 -2.37 ---- 78,215 78,052 0.2%

2070 15.57 13.18 -2.39 ---- 81,632 81,460 0.2%

2071 15.60 13.18 -2.42 ---- 85,193 85,014 0.2%

2072 15.63 13.18 -2.45 ---- 88,920 88,734 0.2%

2073 15.67 13.19 -2.48 ---- 92,807 92,613 0.2%

2074 15.70 13.19 -2.51 ---- 96,859 96,656 0.2%

2075 15.74 13.19 -2.55 ---- 101,087 100,875 0.2%

2076 15.78 13.19 -2.59 ---- 105,490 105,268 0.2%

2077 15.82 13.19 -2.62 ---- 110,084 109,853 0.2%

2078 15.85 13.20 -2.66 ---- 114,867 114,625 0.2%

2079 15.89 13.20 -2.69 ---- 119,856 119,604 0.2%

2080 15.92 13.20 -2.73 ---- 125,063 124,794 0.2%

2081 15.95 13.20 -2.75 ---- 130,542 130,212 0.3%

2082 15.98 13.20 -2.78 ---- 136,227 135,862 0.3%

2083 16.01 13.20 -2.81 ---- 142,138 141,756 0.3%

2084 16.04 13.21 -2.84 ---- 148,310 147,912 0.3%

2085 16.08 13.21 -2.87 ---- 154,684 154,350 0.2%

Summarized Rates: OASDI

2008 Cost Rate Income Rate

Actuarial 

Balance

-2082 14.98% 13.90% -1.08% 0.62%

Office of the Chief Actuary, Social Security

Estimates based on Intermediate Assumptions of the 2008 Trustees Report

Change in 

Actuarial Balance

July 18, 2008