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 11.17 12.80 1.63 369 5,907 5,859 0.8%

2010 11.18 12.82 1.64 379 6,258 6,155 1.7%

2011 11.26 12.83 1.58 389 6,607 6,449 2.4%

2012 11.38 12.85 1.47 397 6,969 6,746 3.3%

2013 11.55 12.88 1.33 402 7,350 7,055 4.2%

2014 11.73 12.89 1.16 407 7,745 7,373 5.1%

2015 11.92 12.91 0.99 410 8,152 7,701 5.9%

2016 12.11 12.93 0.82 412 8,582 8,039 6.8%

2017 12.31 12.95 0.64 412 9,030 8,390 7.6%

2018 12.49 12.96 0.47 412 9,499 8,759 8.4%

2019 12.77 12.98 0.21 411 9,915 9,142 8.5%

2020 13.05 13.00 -0.05 409 10,347 9,539 8.5%

2021 13.32 13.01 -0.30 406 10,796 9,952 8.5%

2022 13.57 13.03 -0.54 401 11,262 10,381 8.5%

2023 13.81 13.05 -0.77 396 11,747 10,827 8.5%

2024 14.05 13.06 -0.99 389 12,254 11,293 8.5%

2025 14.27 13.08 -1.20 381 12,780 11,777 8.5%

2026 14.49 13.09 -1.39 373 13,331 12,284 8.5%

2027 14.69 13.11 -1.58 364 13,903 12,810 8.5%

2028 14.88 13.12 -1.76 353 14,501 13,360 8.5%

2029 15.06 13.13 -1.93 342 15,128 13,937 8.6%

2030 15.21 13.14 -2.07 331 15,784 14,539 8.6%

2031 15.35 13.15 -2.19 319 16,472 15,172 8.6%

2032 15.46 13.16 -2.30 307 17,191 15,833 8.6%

2033 15.55 13.17 -2.38 295 17,948 16,528 8.6%

2034 15.61 13.18 -2.44 282 18,740 17,257 8.6%

2035 15.66 13.18 -2.48 270 19,567 18,017 8.6%

2036 15.69 13.19 -2.51 257 20,429 18,810 8.6%

2037 15.71 13.19 -2.52 244 21,332 19,640 8.6%

2038 15.72 13.19 -2.53 232 22,278 20,509 8.6%

2039 15.70 13.19 -2.51 219 23,269 21,420 8.6%

2040 15.68 13.19 -2.49 206 24,306 22,373 8.6%

2041 15.66 13.19 -2.46 193 25,388 23,368 8.6%

2042 15.63 13.19 -2.43 181 26,519 24,408 8.7%

2043 15.60 13.20 -2.41 168 27,701 25,494 8.7%

2044 15.57 13.20 -2.38 155 28,937 26,630 8.7%

2045 15.55 13.20 -2.36 142 30,224 27,812 8.7%

2046 15.54 13.20 -2.34 129 31,564 29,043 8.7%

2047 15.52 13.20 -2.33 116 32,960 30,327 8.7%

2048 15.51 13.20 -2.32 102 34,418 31,666 8.7%

2049 15.51 13.20 -2.31 89 35,938 33,062 8.7%

2050 15.51 13.20 -2.31 75 37,520 34,514 8.7%

2051 15.52 13.20 -2.32 62 39,167 36,028 8.7%

2052 15.53 13.21 -2.33 48 40,892 37,612 8.7%

2053 15.55 13.21 -2.34 33 42,694 39,267 8.7%

2054 15.57 13.21 -2.36 19 44,573 40,993 8.7%

2055 15.60 13.21 -2.39 4 46,534 42,793 8.7%

2056 15.63 13.22 -2.41 ---- 48,574 44,666 8.7%

2057 15.66 13.22 -2.44 ---- 50,707 46,625 8.8%

2058 15.69 13.22 -2.47 ---- 52,935 48,670 8.8%

2059 15.72 13.22 -2.50 ---- 55,266 50,809 8.8%

2060 15.75 13.23 -2.52 ---- 57,694 53,039 8.8%

2061 15.78 13.23 -2.55 ---- 60,227 55,363 8.8%

2062 15.81 13.23 -2.58 ---- 62,876 57,794 8.8%

2063 15.84 13.24 -2.60 ---- 65,640 60,331 8.8%

2064 15.87 13.24 -2.63 ---- 68,528 62,981 8.8%

2065 15.90 13.24 -2.66 ---- 71,541 65,746 8.8%

Detailed Single Year Tables

Category of Change: Level of OASDI Contribution and Benefit Base

Proposed Provision: Determine the level of the contribution and benefit base such that 90 percent of the 

earnings would be subject to the payroll tax (phased in 2009-2018). All earnings subject to the payroll 

tax would be used in determining benefits.

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 15.93 13.24 -2.69 ---- 74,681 68,626 8.8%

2067 15.96 13.25 -2.72 ---- 77,960 71,635 8.8%

2068 16.00 13.25 -2.75 ---- 81,386 74,778 8.8%

2069 16.03 13.25 -2.78 ---- 84,956 78,052 8.8%

2070 16.07 13.25 -2.81 ---- 88,671 81,460 8.9%

2071 16.11 13.26 -2.85 ---- 92,546 85,014 8.9%

2072 16.14 13.26 -2.88 ---- 96,602 88,734 8.9%

2073 16.18 13.26 -2.92 ---- 100,832 92,613 8.9%

2074 16.22 13.26 -2.96 ---- 105,240 96,656 8.9%

2075 16.26 13.27 -2.99 ---- 109,842 100,875 8.9%

2076 16.30 13.27 -3.03 ---- 114,634 105,268 8.9%

2077 16.34 13.27 -3.07 ---- 119,635 109,853 8.9%

2078 16.38 13.27 -3.11 ---- 124,841 114,625 8.9%

2079 16.43 13.28 -3.15 ---- 130,273 119,604 8.9%

2080 16.47 13.28 -3.19 ---- 135,935 124,794 8.9%

2081 16.51 13.28 -3.23 ---- 141,847 130,212 8.9%

2082 16.56 13.28 -3.27 ---- 148,012 135,862 8.9%

2083 16.60 13.29 -3.31 ---- 154,444 141,756 9.0%

2084 16.64 13.29 -3.35 ---- 161,162 147,912 9.0%

2085 16.68 13.29 -3.39 ---- 168,188 154,350 9.0%

Summarized Rates: OASDI

2008 Cost Rate Income Rate

Actuarial 

Balance

-2082 14.72% 13.85% -0.87% 0.83%

Office of the Chief Actuary, Social Security

Estimates based on Intermediate Assumptions of the 2008 Trustees Report

Change in 

Actuarial Balance

July 18, 2008