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 10.76 12.79 2.03 369 6,134 5,859 4.7%

2010 10.86 12.81 1.95 383 6,445 6,155 4.7%

2011 11.01 12.82 1.81 396 6,752 6,449 4.7%

2012 11.23 12.85 1.62 406 7,064 6,746 4.7%

2013 11.49 12.88 1.39 413 7,388 7,055 4.7%

2014 11.76 12.89 1.13 418 7,723 7,373 4.7%

2015 12.04 12.92 0.87 421 8,067 7,701 4.8%

2016 12.34 12.94 0.60 421 8,423 8,039 4.8%

2017 12.63 12.96 0.32 420 8,792 8,390 4.8%

2018 12.92 12.98 0.06 418 9,179 8,759 4.8%

2019 13.20 13.00 -0.21 414 9,581 9,142 4.8%

2020 13.49 13.02 -0.47 408 9,997 9,539 4.8%

2021 13.76 13.03 -0.72 402 10,430 9,952 4.8%

2022 14.01 13.05 -0.96 395 10,880 10,381 4.8%

2023 14.26 13.07 -1.20 387 11,348 10,827 4.8%

2024 14.50 13.08 -1.42 378 11,837 11,293 4.8%

2025 14.72 13.10 -1.63 368 12,344 11,777 4.8%

2026 14.93 13.11 -1.83 357 12,875 12,284 4.8%

2027 15.14 13.12 -2.01 345 13,427 12,810 4.8%

2028 15.33 13.14 -2.19 333 14,004 13,360 4.8%

2029 15.50 13.15 -2.35 319 14,609 13,937 4.8%

2030 15.65 13.16 -2.49 306 15,241 14,539 4.8%

2031 15.78 13.17 -2.61 292 15,904 15,172 4.8%

2032 15.89 13.17 -2.71 277 16,598 15,833 4.8%

2033 15.97 13.18 -2.79 263 17,327 16,528 4.8%

2034 16.03 13.19 -2.84 248 18,092 17,257 4.8%

2035 16.06 13.19 -2.87 233 18,889 18,017 4.8%

2036 16.09 13.19 -2.90 218 19,721 18,810 4.8%

2037 16.10 13.20 -2.90 203 20,591 19,640 4.8%

2038 16.09 13.20 -2.90 188 21,503 20,509 4.8%

2039 16.07 13.20 -2.87 173 22,458 21,420 4.8%

2040 16.04 13.20 -2.84 158 23,458 22,373 4.8%

2041 16.00 13.20 -2.80 143 24,501 23,368 4.8%

2042 15.96 13.19 -2.77 128 25,592 24,408 4.9%

2043 15.92 13.19 -2.73 112 26,731 25,494 4.9%

2044 15.88 13.19 -2.69 97 27,923 26,630 4.9%

2045 15.85 13.19 -2.66 82 29,163 27,812 4.9%

2046 15.82 13.19 -2.63 66 30,454 29,043 4.9%

2047 15.80 13.19 -2.61 51 31,801 30,327 4.9%

2048 15.78 13.19 -2.59 35 33,206 31,666 4.9%

2049 15.76 13.19 -2.57 19 34,670 33,062 4.9%

2050 15.75 13.19 -2.56 3 36,194 34,514 4.9%

2051 15.75 13.19 -2.56 ---- 37,782 36,028 4.9%

2052 15.76 13.19 -2.57 ---- 39,444 37,612 4.9%

2053 15.77 13.19 -2.57 ---- 41,180 39,267 4.9%

2054 15.78 13.19 -2.58 ---- 42,991 40,993 4.9%

2055 15.80 13.20 -2.60 ---- 44,879 42,793 4.9%

2056 15.82 13.20 -2.62 ---- 46,845 44,666 4.9%

2057 15.84 13.20 -2.64 ---- 48,900 46,625 4.9%

2058 15.87 13.20 -2.66 ---- 51,046 48,670 4.9%

2059 15.89 13.20 -2.69 ---- 53,291 50,809 4.9%

2060 15.91 13.21 -2.71 ---- 55,630 53,039 4.9%

2061 15.94 13.21 -2.73 ---- 58,069 55,363 4.9%

2062 15.96 13.21 -2.75 ---- 60,620 57,794 4.9%

2063 15.98 13.21 -2.77 ---- 63,282 60,331 4.9%

2064 16.01 13.21 -2.80 ---- 66,063 62,981 4.9%

2065 16.04 13.21 -2.82 ---- 68,964 65,746 4.9%

Detailed Single Year Tables

Category of Change: Level of OASDI Contribution and Benefit Base

Proposed Provision: Impose a 3 percent payroll tax on OASDI covered earnings above the current 

taxable maximum starting in 2009. Benefit computations would not reflect any earnings above the 

taxable maximum amount.

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 16.07 13.22 -2.85 ---- 71,987 68,626 4.9%

2067 16.10 13.22 -2.88 ---- 75,145 71,635 4.9%

2068 16.13 13.22 -2.91 ---- 78,443 74,778 4.9%

2069 16.16 13.22 -2.93 ---- 81,880 78,052 4.9%

2070 16.19 13.22 -2.97 ---- 85,456 81,460 4.9%

2071 16.23 13.23 -3.00 ---- 89,187 85,014 4.9%

2072 16.27 13.23 -3.04 ---- 93,090 88,734 4.9%

2073 16.30 13.23 -3.07 ---- 97,161 92,613 4.9%

2074 16.34 13.23 -3.11 ---- 101,405 96,656 4.9%

2075 16.38 13.24 -3.14 ---- 105,833 100,875 4.9%

2076 16.42 13.24 -3.18 ---- 110,445 105,268 4.9%

2077 16.46 13.24 -3.22 ---- 115,257 109,853 4.9%

2078 16.50 13.24 -3.26 ---- 120,267 114,625 4.9%

2079 16.54 13.25 -3.30 ---- 125,494 119,604 4.9%

2080 16.59 13.25 -3.34 ---- 130,941 124,794 4.9%

2081 16.63 13.25 -3.38 ---- 136,629 130,212 4.9%

2082 16.68 13.25 -3.42 ---- 142,560 135,862 4.9%

2083 16.72 13.26 -3.46 ---- 148,748 141,756 4.9%

2084 16.76 13.26 -3.50 ---- 155,210 147,912 4.9%

2085 16.80 13.26 -3.54 ---- 161,969 154,350 4.9%

Summarized Rates: OASDI

2008 Cost Rate Income Rate

Actuarial 

Balance

-2082 14.93% 13.87% -1.06% 0.64%

Office of the Chief Actuary, Social Security

Estimates based on Intermediate Assumptions of the 2008 Trustees Report

Change in 

Actuarial Balance

July 18, 2008