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 10.93 12.74 1.81 355 5,244 5,244 0.0%

2008 10.95 12.78 1.84 372 5,512 5,511 0.0%

2009 11.05 12.77 1.72 386 5,785 5,784 0.0%

2010 11.14 12.79 1.65 399 6,068 6,065 0.0%

2011 11.27 12.84 1.57 411 6,358 6,354 0.1%

2012 11.48 12.86 1.39 420 6,650 6,646 0.1%

2013 11.69 12.89 1.20 428 6,952 6,946 0.1%

2014 11.93 12.90 0.98 433 7,265 7,258 0.1%

2015 12.16 12.92 0.76 437 7,591 7,583 0.1%

2016 12.38 12.94 0.55 440 7,927 7,919 0.1%

2017 12.64 12.95 0.31 441 8,277 8,268 0.1%

2018 12.91 12.97 0.06 439 8,639 8,630 0.1%

2019 13.19 12.99 -0.21 437 9,015 9,005 0.1%

2020 13.49 13.00 -0.48 432 9,401 9,391 0.1%

2021 13.79 13.02 -0.77 425 9,803 9,794 0.1%

2022 14.09 13.04 -1.05 417 10,217 10,209 0.1%

2023 14.39 13.06 -1.33 408 10,648 10,640 0.1%

2024 14.68 13.08 -1.61 397 11,093 11,085 0.1%

2025 14.98 13.09 -1.88 385 11,553 11,545 0.1%

2026 15.27 13.11 -2.16 372 12,032 12,024 0.1%

2027 15.54 13.13 -2.41 358 12,536 12,527 0.1%

2028 15.77 13.14 -2.63 343 13,063 13,054 0.1%

2029 15.98 13.16 -2.82 328 13,609 13,599 0.1%

2030 16.16 13.17 -3.00 312 14,176 14,166 0.1%

2031 16.33 13.18 -3.15 296 14,770 14,758 0.1%

2032 16.47 13.19 -3.28 279 15,393 15,381 0.1%

2033 16.58 13.20 -3.38 262 16,047 16,033 0.1%

2034 16.66 13.20 -3.46 244 16,728 16,714 0.1%

2035 16.73 13.21 -3.52 227 17,434 17,418 0.1%

2036 16.78 13.21 -3.57 209 18,170 18,153 0.1%

2037 16.82 13.22 -3.60 191 18,941 18,923 0.1%

2038 16.83 13.22 -3.61 172 19,746 19,728 0.1%

2039 16.82 13.22 -3.60 154 20,588 20,569 0.1%

2040 16.81 13.22 -3.59 135 21,464 21,442 0.1%

2041 16.79 13.22 -3.56 116 22,376 22,353 0.1%

2042 16.76 13.22 -3.54 97 23,327 23,302 0.1%

2043 16.74 13.22 -3.52 78 24,320 24,292 0.1%

2044 16.72 13.22 -3.50 58 25,351 25,321 0.1%

2045 16.71 13.22 -3.49 39 26,418 26,386 0.1%

2046 16.70 13.22 -3.48 18 27,526 27,491 0.1%

2047 16.70 13.22 -3.47 ---- 28,680 28,642 0.1%

2048 16.69 13.22 -3.47 ---- 29,883 29,842 0.1%

2049 16.68 13.22 -3.46 ---- 31,129 31,085 0.1%

2050 16.68 13.22 -3.46 ---- 32,422 32,374 0.1%

2051 16.69 13.23 -3.46 ---- 33,771 33,719 0.2%

2052 16.69 13.23 -3.47 ---- 35,175 35,120 0.2%

2053 16.70 13.23 -3.48 ---- 36,638 36,579 0.2%

2054 16.72 13.23 -3.49 ---- 38,165 38,101 0.2%

2055 16.73 13.23 -3.50 ---- 39,751 39,682 0.2%

2056 16.75 13.23 -3.52 ---- 41,398 41,324 0.2%

2057 16.77 13.23 -3.54 ---- 43,115 43,036 0.2%

2058 16.80 13.23 -3.56 ---- 44,902 44,817 0.2%

2059 16.82 13.24 -3.58 ---- 46,761 46,670 0.2%

2060 16.84 13.24 -3.60 ---- 48,696 48,600 0.2%

2061 16.88 13.24 -3.64 ---- 50,706 50,605 0.2%

2062 16.92 13.24 -3.67 ---- 52,806 52,699 0.2%

2063 16.94 13.24 -3.70 ---- 54,996 54,883 0.2%

2064 16.96 13.25 -3.71 ---- 57,275 57,155 0.2%

2065 16.97 13.25 -3.73 ---- 59,648 59,520 0.2%

2066 16.96 13.25 -3.71 ---- 62,103 61,964 0.2%

2067 16.96 13.25 -3.71 ---- 64,660 64,511 0.2%

2068 16.97 13.25 -3.72 ---- 67,341 67,183 0.2%

2069 16.99 13.25 -3.74 ---- 70,137 69,970 0.2%

2070 17.03 13.25 -3.78 ---- 73,043 72,868 0.2%

2071 17.06 13.25 -3.81 ---- 76,065 75,881 0.2%

2072 17.10 13.26 -3.84 ---- 79,208 79,015 0.2%

2073 17.13 13.26 -3.88 ---- 82,485 82,282 0.2%

2074 17.17 13.26 -3.91 ---- 85,898 85,685 0.2%

2075 17.21 13.26 -3.94 ---- 89,444 89,221 0.3%

2076 17.25 13.26 -3.98 ---- 93,135 92,900 0.3%

2077 17.28 13.27 -4.01 ---- 96,974 96,727 0.3%

2078 17.31 13.27 -4.04 ---- 100,970 100,711 0.3%

2079 17.36 13.27 -4.09 ---- 105,131 104,859 0.3%

2080 17.39 13.27 -4.12 ---- 109,460 109,174 0.3%

Summarized Rates: OASDI

2005 Cost Rate Income Rate

Actuarial 

Balance

-2079 15.06% 13.83% -1.24% 0.69%

Office of the Chief Actuary, Social Security

Estimates based on Intermediate Assumptions of the 2005 Trustees Report January 4, 2006

Detailed Single Year Tables

Category of Change: Retirement Age

Change in 

Actuarial Balance

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

and then index the normal retirement age (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 payroll Trust Fund 

Ratio 

1-1-year