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 11.22 12.81 1.58 369 5,881 5,859 0.4%

2010 11.27 12.82 1.55 379 6,206 6,155 0.8%

2011 11.39 12.84 1.44 388 6,527 6,449 1.2%

2012 11.62 12.86 1.25 394 6,829 6,746 1.2%

2013 11.88 12.90 1.01 398 7,142 7,055 1.2%

2014 12.17 12.91 0.74 399 7,463 7,373 1.2%

2015 12.47 12.93 0.47 399 7,794 7,701 1.2%

2016 12.77 12.96 0.19 397 8,138 8,039 1.2%

2017 13.08 12.98 -0.10 393 8,492 8,390 1.2%

2018 13.37 13.00 -0.38 387 8,867 8,759 1.2%

2019 13.67 13.02 -0.65 380 9,256 9,142 1.3%

2020 13.96 13.04 -0.93 372 9,661 9,539 1.3%

2021 14.24 13.06 -1.19 363 10,081 9,952 1.3%

2022 14.51 13.07 -1.43 353 10,515 10,381 1.3%

2023 14.77 13.09 -1.68 342 10,967 10,827 1.3%

2024 15.01 13.11 -1.90 330 11,444 11,293 1.3%

2025 15.24 13.12 -2.12 317 11,935 11,777 1.3%

2026 15.46 13.14 -2.32 304 12,449 12,284 1.4%

2027 15.67 13.15 -2.52 289 12,987 12,810 1.4%

2028 15.87 13.16 -2.70 274 13,545 13,360 1.4%

2029 16.04 13.17 -2.87 258 14,132 13,937 1.4%

2030 16.20 13.19 -3.02 241 14,744 14,539 1.4%

2031 16.34 13.20 -3.14 224 15,386 15,172 1.4%

2032 16.45 13.20 -3.25 207 16,059 15,833 1.4%

2033 16.54 13.21 -3.33 189 16,765 16,528 1.4%

2034 16.60 13.22 -3.38 171 17,503 17,257 1.4%

2035 16.63 13.22 -3.41 153 18,276 18,017 1.4%

2036 16.66 13.22 -3.44 135 19,083 18,810 1.4%

2037 16.67 13.23 -3.45 116 19,926 19,640 1.5%

2038 16.67 13.23 -3.44 97 20,808 20,509 1.5%

2039 16.65 13.23 -3.42 78 21,734 21,420 1.5%

2040 16.62 13.23 -3.39 59 22,701 22,373 1.5%

2041 16.58 13.23 -3.35 39 23,713 23,368 1.5%

2042 16.54 13.23 -3.31 20 24,769 24,408 1.5%

2043 16.50 13.23 -3.28 0 25,871 25,494 1.5%

2044 16.46 13.23 -3.24 ---- 27,026 26,630 1.5%

2045 16.43 13.22 -3.21 ---- 28,225 27,812 1.5%

2046 16.40 13.22 -3.18 ---- 29,476 29,043 1.5%

2047 16.38 13.22 -3.16 ---- 30,780 30,327 1.5%

2048 16.36 13.22 -3.14 ---- 32,142 31,666 1.5%

2049 16.35 13.22 -3.13 ---- 33,556 33,062 1.5%

2050 16.34 13.22 -3.12 ---- 35,032 34,514 1.5%

2051 16.34 13.23 -3.12 ---- 36,567 36,028 1.5%

2052 16.35 13.23 -3.12 ---- 38,173 37,612 1.5%

2053 16.36 13.23 -3.13 ---- 39,851 39,267 1.5%

2054 16.38 13.23 -3.15 ---- 41,600 40,993 1.5%

2055 16.40 13.23 -3.17 ---- 43,424 42,793 1.5%

2056 16.43 13.23 -3.19 ---- 45,322 44,666 1.5%

2057 16.45 13.24 -3.22 ---- 47,307 46,625 1.5%

2058 16.48 13.24 -3.24 ---- 49,378 48,670 1.5%

2059 16.51 13.24 -3.27 ---- 51,545 50,809 1.4%

2060 16.54 13.24 -3.29 ---- 53,800 53,039 1.4%

2061 16.56 13.25 -3.32 ---- 56,156 55,363 1.4%

2062 16.59 13.25 -3.34 ---- 58,618 57,794 1.4%

2063 16.62 13.25 -3.37 ---- 61,186 60,331 1.4%

2064 16.65 13.25 -3.39 ---- 63,868 62,981 1.4%

2065 16.68 13.25 -3.42 ---- 66,669 65,746 1.4%

Detailed Single Year Tables

Category of Change: Level of OASDI Contribution and Benefit Base

Proposed Provision: In 2009 through 2011, raise the OASDI contribution and benefit base from $102,000 

to $110,000 (in 2008 AWI indexed dollars). For years after 2011, the contribution and benefit base would 

be increased based on changes in SSA's average wage index. Additional earnings subject to the OASDI 

payroll tax would be credited for benefit calculation purposes.

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 16.71 13.26 -3.45 ---- 69,586 68,626 1.4%

2067 16.74 13.26 -3.49 ---- 72,631 71,635 1.4%

2068 16.78 13.26 -3.52 ---- 75,813 74,778 1.4%

2069 16.81 13.26 -3.55 ---- 79,129 78,052 1.4%

2070 16.85 13.26 -3.58 ---- 82,579 81,460 1.4%

2071 16.89 13.27 -3.62 ---- 86,178 85,014 1.4%

2072 16.93 13.27 -3.66 ---- 89,944 88,734 1.4%

2073 16.97 13.27 -3.70 ---- 93,874 92,613 1.4%

2074 17.01 13.27 -3.73 ---- 97,969 96,656 1.4%

2075 17.05 13.28 -3.77 ---- 102,242 100,875 1.4%

2076 17.09 13.28 -3.81 ---- 106,693 105,268 1.4%

2077 17.14 13.28 -3.85 ---- 111,335 109,853 1.3%

2078 17.18 13.28 -3.90 ---- 116,165 114,625 1.3%

2079 17.23 13.29 -3.94 ---- 121,209 119,604 1.3%

2080 17.27 13.29 -3.98 ---- 126,464 124,794 1.3%

2081 17.32 13.29 -4.03 ---- 131,952 130,212 1.3%

2082 17.37 13.30 -4.07 ---- 137,670 135,862 1.3%

2083 17.41 13.30 -4.11 ---- 143,637 141,756 1.3%

2084 17.46 13.30 -4.16 ---- 149,865 147,912 1.3%

2085 17.50 13.30 -4.20 ---- 156,375 154,350 1.3%

Summarized Rates: OASDI

2008 Cost Rate Income Rate

Actuarial 

Balance

-2082 15.47% 13.92% -1.55% 0.15%

Office of the Chief Actuary, Social Security

Estimates based on Intermediate Assumptions of the 2008 Trustees Report

Change in 

Actuarial Balance

November 13, 2008