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 11.37 12.82 1.46 378 6,155 6,155 0.0%

2011 11.53 12.84 1.31 386 6,449 6,449 0.0%

2012 11.76 12.87 1.11 392 6,746 6,746 0.0%

2013 12.00 12.90 0.90 395 7,056 7,055 0.0%

2014 12.25 12.91 0.66 397 7,376 7,373 0.0%

2015 12.51 12.93 0.42 397 7,706 7,701 0.1%

2016 12.78 12.96 0.17 395 8,046 8,039 0.1%

2017 13.03 12.98 -0.06 393 8,399 8,390 0.1%

2018 13.27 12.99 -0.28 389 8,770 8,759 0.1%

2019 13.52 13.01 -0.51 384 9,156 9,142 0.2%

2020 13.79 13.03 -0.76 378 9,555 9,539 0.2%

2021 14.04 13.04 -1.00 370 9,970 9,952 0.2%

2022 14.29 13.06 -1.23 362 10,400 10,381 0.2%

2023 14.54 13.08 -1.46 352 10,847 10,827 0.2%

2024 14.79 13.09 -1.69 341 11,316 11,293 0.2%

2025 15.03 13.11 -1.92 329 11,802 11,777 0.2%

2026 15.27 13.12 -2.15 316 12,309 12,284 0.2%

2027 15.50 13.14 -2.36 302 12,838 12,810 0.2%

2028 15.71 13.15 -2.56 288 13,390 13,360 0.2%

2029 15.89 13.16 -2.73 272 13,969 13,937 0.2%

2030 16.04 13.17 -2.87 257 14,574 14,539 0.2%

2031 16.16 13.18 -2.98 241 15,209 15,172 0.2%

2032 16.26 13.19 -3.07 224 15,874 15,833 0.3%

2033 16.33 13.20 -3.14 208 16,572 16,528 0.3%

2034 16.37 13.20 -3.17 191 17,304 17,257 0.3%

2035 16.40 13.20 -3.19 174 18,067 18,017 0.3%

2036 16.41 13.20 -3.20 157 18,863 18,810 0.3%

2037 16.40 13.21 -3.20 140 19,696 19,640 0.3%

2038 16.38 13.21 -3.17 123 20,569 20,509 0.3%

2039 16.33 13.21 -3.13 105 21,485 21,420 0.3%

2040 16.29 13.20 -3.08 88 22,443 22,373 0.3%

2041 16.23 13.20 -3.03 71 23,442 23,368 0.3%

2042 16.17 13.20 -2.97 53 24,487 24,408 0.3%

2043 16.11 13.20 -2.92 36 25,580 25,494 0.3%

2044 16.05 13.20 -2.85 18 26,723 26,630 0.3%

2045 15.99 13.19 -2.80 1 27,912 27,812 0.4%

2046 15.93 13.19 -2.74 ---- 29,151 29,043 0.4%

2047 15.88 13.19 -2.69 ---- 30,443 30,327 0.4%

2048 15.83 13.19 -2.64 ---- 31,792 31,666 0.4%

2049 15.78 13.18 -2.60 ---- 33,198 33,062 0.4%

2050 15.74 13.18 -2.56 ---- 34,661 34,514 0.4%

2051 15.71 13.18 -2.53 ---- 36,185 36,028 0.4%

2052 15.68 13.18 -2.50 ---- 37,781 37,612 0.5%

2053 15.66 13.18 -2.48 ---- 39,448 39,267 0.5%

2054 15.65 13.18 -2.47 ---- 41,188 40,993 0.5%

2055 15.64 13.18 -2.46 ---- 43,002 42,793 0.5%

2056 15.65 13.18 -2.47 ---- 44,890 44,666 0.5%

2057 15.66 13.18 -2.48 ---- 46,863 46,625 0.5%

2058 15.66 13.18 -2.48 ---- 48,925 48,670 0.5%

2059 15.66 13.18 -2.48 ---- 51,080 50,809 0.5%

2060 15.66 13.18 -2.48 ---- 53,328 53,039 0.5%

2061 15.66 13.18 -2.48 ---- 55,670 55,363 0.6%

2062 15.66 13.18 -2.47 ---- 58,119 57,794 0.6%

2063 15.65 13.18 -2.47 ---- 60,675 60,331 0.6%

2064 15.65 13.18 -2.47 ---- 63,346 62,981 0.6%

2065 15.65 13.18 -2.47 ---- 66,132 65,746 0.6%

Detailed Single Year Tables

Category of Change: Retirement Age

Proposed Provision: Shorten the hiatus in the NRA by 5 years, that is, start increasing the NRA from 66 

to 67 for individuals age 62 in 2012, rather than in 2017. Beginning for those age 62 in 2012, increase 

the EEA and NRA for retired worker benefits by 2 months per year until the EEA reaches age 63 and the 

NRA reaches age 67 for those attaining age 62 in 2017. Thereafter, increase both EEA and NRA by 1 

month every 2 years. Finally, increase the earliest eligibility age for disabled widow(er)s and aged 

widow(er)s at the same rate as the increase in the EEA for retired worker 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 15.66 13.18 -2.47 ---- 69,037 68,626 0.6%

2067 15.66 13.18 -2.48 ---- 72,069 71,635 0.6%

2068 15.68 13.19 -2.49 ---- 75,236 74,778 0.6%

2069 15.70 13.19 -2.51 ---- 78,534 78,052 0.6%

2070 15.73 13.19 -2.54 ---- 81,966 81,460 0.6%

2071 15.77 13.19 -2.57 ---- 85,542 85,014 0.6%

2072 15.80 13.19 -2.61 ---- 89,284 88,734 0.6%

2073 15.84 13.19 -2.65 ---- 93,187 92,613 0.6%

2074 15.88 13.20 -2.68 ---- 97,258 96,656 0.6%

2075 15.92 13.20 -2.72 ---- 101,504 100,875 0.6%

2076 15.96 13.20 -2.76 ---- 105,925 105,268 0.6%

2077 16.00 13.20 -2.80 ---- 110,538 109,853 0.6%

2078 16.04 13.21 -2.84 ---- 115,340 114,625 0.6%

2079 16.08 13.21 -2.88 ---- 120,350 119,604 0.6%

2080 16.13 13.21 -2.92 ---- 125,586 124,794 0.6%

2081 16.19 13.21 -2.97 ---- 131,039 130,212 0.6%

2082 16.24 13.22 -3.02 ---- 136,724 135,862 0.6%

2083 16.28 13.22 -3.06 ---- 142,655 141,756 0.6%

2084 16.33 13.22 -3.10 ---- 148,851 147,912 0.6%

2085 16.34 13.22 -3.12 ---- 155,330 154,350 0.6%

Summarized Rates: OASDI

2008 Cost Rate Income Rate

Actuarial 

Balance

-2082 15.04% 13.90% -1.14% 0.56%

Office of the Chief Actuary, Social Security

Estimates based on Intermediate Assumptions of the 2008 Trustees Report

Change in 

Actuarial Balance

November 13, 2008