Year Cost Rate

Income 

Rate

Annual 

Balance

2008 11.20 12.77 1.57 359

2009 11.26 12.81 1.54 369

2010 11.37 12.82 1.46 378

2011 11.53 12.84 1.31 386

2012 11.76 12.87 1.11 392

2013 12.03 12.90 0.88 394

2014 12.31 12.92 0.61 395

2015 12.59 12.94 0.34 394

2016 12.89 12.96 0.07 391

2017 13.18 12.98 -0.20 387

2018 13.45 13.00 -0.45 382

2019 13.72 13.02 -0.70 375

2020 13.98 13.04 -0.94 368

2021 14.22 13.05 -1.17 360

2022 14.44 13.07 -1.38 351

2023 14.66 13.08 -1.58 341

2024 14.85 13.10 -1.76 331

2025 15.04 13.11 -1.93 320

2026 15.20 13.12 -2.08 308

2027 15.36 13.13 -2.23 296

2028 15.50 13.14 -2.36 283

2029 15.62 13.15 -2.47 270

2030 15.72 13.16 -2.56 257

2031 15.79 13.16 -2.62 243

2032 15.84 13.17 -2.67 229

2033 15.86 13.17 -2.69 215

2034 15.85 13.17 -2.68 201

2035 15.83 13.17 -2.65 188

2036 15.79 13.17 -2.62 174

2037 15.74 13.17 -2.56 160

2038 15.67 13.17 -2.50 147

2039 15.58 13.17 -2.41 134

2040 15.49 13.16 -2.32 121

2041 15.39 13.16 -2.23 108

2042 15.29 13.16 -2.13 96

2043 15.18 13.15 -2.03 84

2044 15.08 13.15 -1.94 72

2045 14.99 13.14 -1.85 61

2046 14.90 13.14 -1.76 50

2047 14.81 13.13 -1.68 39

2048 14.73 13.13 -1.60 28

2049 14.65 13.13 -1.52 18

2050 14.58 13.12 -1.45 8

2051 14.51 13.12 -1.39 ----

2052 14.45 13.12 -1.34 ----

2053 14.40 13.12 -1.28 ----

2054 14.35 13.11 -1.23 ----

2055 14.30 13.11 -1.19 ----

2056 14.26 13.11 -1.15 ----

2057 14.22 13.11 -1.11 ----

2058 14.18 13.11 -1.07 ----

2059 14.14 13.11 -1.03 ----

2060 14.10 13.10 -1.00 ----

2061 14.06 13.10 -0.96 ----

2062 14.03 13.10 -0.93 ----

Detailed Single Year Tables

Category of Change: Level of Monthly Benefits (PIA)

Proposed Provision: Progressive price indexing of PIA formula factors beginning with individuals newly 

eligible for OASI benefits in 2012. Create new bend point at the 30th percentile of earners. Maintain 

current-law benefits for earners at the 30th percentile and below and reduce upper 2 formula factors 

(32% and 15%) such that maximum worker benefit grows by inflation rather than the growth in average 

wages. Disability benefits are not affected by the proposal. Disabled worker beneficiaries, upon 

attaining normal retirement age, would be subject to a proportional reduction in benefits based on the 

worker's years of disability. In addition, the reduction to the upper 2 formula factors is suspended for 

any year in which sustainable solvency over the next 75 years is expected. With this provision taken 

alone, suspension is not expected within the next 75 years.

Expressed as a percentage of taxable payrol Trust Fund 

Ratio 

1-1-year
2063 13.99 13.10 -0.89 ----

2064 13.95 13.10 -0.86 ----

2065 13.92 13.10 -0.83 ----

2066 13.89 13.10 -0.80 ----

2067 13.86 13.09 -0.77 ----

2068 13.84 13.09 -0.74 ----

2069 13.81 13.09 -0.72 ----

2070 13.79 13.09 -0.70 ----

2071 13.76 13.09 -0.67 ----

2072 13.74 13.09 -0.65 ----

2073 13.72 13.09 -0.63 ----

2074 13.70 13.09 -0.61 ----

2075 13.68 13.09 -0.59 ----

2076 13.66 13.08 -0.58 ----

2077 13.64 13.08 -0.56 ----

2078 13.63 13.08 -0.54 ----

2079 13.61 13.08 -0.53 ----

2080 13.60 13.08 -0.52 ----

2081 13.58 13.08 -0.50 ----

2082 13.57 13.08 -0.49 ----

2083 13.56 13.08 -0.48 ----

2084 13.54 13.08 -0.46 ----

2085 13.53 13.08 -0.45 ----

Summarized Rates: OASDI

2008 Cost Rate Income Rate

Actuarial 

Balance

-2082 14.25% 13.86% -0.39% 1.31%

Office of the Chief Actuary, Social Security

Estimates based on Intermediate Assumptions of the 2008 Trustees Report

Change in 

Actuarial Balance

March 31, 2009