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 9.52 12.74 3.23 369 6,935 5,859 18.3%

2010 9.60 12.76 3.16 397 7,288 6,155 18.4%

2011 9.74 12.77 3.03 424 7,634 6,449 18.4%

2012 9.93 12.80 2.86 448 7,989 6,746 18.4%

2013 10.16 12.82 2.66 468 8,359 7,055 18.5%

2014 10.41 12.84 2.43 485 8,741 7,373 18.6%

2015 10.66 12.86 2.19 499 9,131 7,701 18.6%

2016 10.93 12.88 1.95 511 9,537 8,039 18.6%

2017 11.20 12.90 1.70 521 9,960 8,390 18.7%

2018 11.46 12.92 1.46 529 10,399 8,759 18.7%

2019 11.73 12.94 1.21 535 10,854 9,142 18.7%

2020 11.99 12.95 0.96 539 11,327 9,539 18.7%

2021 12.25 12.97 0.72 542 11,818 9,952 18.7%

2022 12.49 12.99 0.50 544 12,328 10,381 18.8%

2023 12.73 13.00 0.28 546 12,859 10,827 18.8%

2024 12.95 13.02 0.07 546 13,413 11,293 18.8%

2025 13.17 13.04 -0.13 545 13,990 11,777 18.8%

2026 13.38 13.05 -0.32 543 14,592 12,284 18.8%

2027 13.57 13.07 -0.51 540 15,218 12,810 18.8%

2028 13.76 13.08 -0.68 537 15,872 13,360 18.8%

2029 13.94 13.09 -0.84 532 16,559 13,937 18.8%

2030 14.09 13.10 -0.99 528 17,276 14,539 18.8%

2031 14.22 13.11 -1.11 523 18,029 15,172 18.8%

2032 14.34 13.12 -1.21 518 18,816 15,833 18.8%

2033 14.43 13.13 -1.30 514 19,643 16,528 18.8%

2034 14.50 13.14 -1.36 509 20,510 17,257 18.9%

2035 14.55 13.14 -1.41 504 21,415 18,017 18.9%

2036 14.59 13.15 -1.44 500 22,359 18,810 18.9%

2037 14.62 13.15 -1.46 496 23,347 19,640 18.9%

2038 14.63 13.16 -1.47 492 24,381 20,509 18.9%

2039 14.63 13.16 -1.47 488 25,466 21,420 18.9%

2040 14.61 13.16 -1.45 485 26,600 22,373 18.9%

2041 14.60 13.16 -1.43 482 27,784 23,368 18.9%

2042 14.58 13.16 -1.42 479 29,022 24,408 18.9%

2043 14.56 13.16 -1.40 476 30,315 25,494 18.9%

2044 14.54 13.17 -1.38 473 31,668 26,630 18.9%

2045 14.53 13.17 -1.36 470 33,075 27,812 18.9%

2046 14.52 13.17 -1.35 467 34,541 29,043 18.9%

2047 14.51 13.17 -1.34 464 36,069 30,327 18.9%

2048 14.51 13.17 -1.34 461 37,664 31,666 18.9%

2049 14.51 13.17 -1.34 458 39,326 33,062 18.9%

2050 14.52 13.18 -1.34 455 41,057 34,514 19.0%

2051 14.53 13.18 -1.35 451 42,860 36,028 19.0%

2052 14.54 13.18 -1.36 447 44,746 37,612 19.0%

2053 14.56 13.18 -1.38 443 46,718 39,267 19.0%

2054 14.58 13.19 -1.40 439 48,774 40,993 19.0%

2055 14.61 13.19 -1.42 435 50,918 42,793 19.0%

2056 14.64 13.19 -1.45 430 53,150 44,666 19.0%

2057 14.67 13.19 -1.48 425 55,483 46,625 19.0%

2058 14.70 13.20 -1.50 420 57,921 48,670 19.0%

2059 14.73 13.20 -1.53 414 60,470 50,809 19.0%

2060 14.76 13.20 -1.55 409 63,127 53,039 19.0%

2061 14.78 13.20 -1.58 403 65,897 55,363 19.0%

2062 14.81 13.21 -1.60 397 68,794 57,794 19.0%

2063 14.84 13.21 -1.63 391 71,818 60,331 19.0%

2064 14.86 13.21 -1.65 384 74,977 62,981 19.0%

2065 14.89 13.21 -1.68 378 78,272 65,746 19.1%

Detailed Single Year Tables

Category of Change: Level of OASDI Contribution and Benefit Base

Proposed Provision: Beginning in 2009, make all earnings subject to the payroll tax and credit them for 

benefit 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 14.92 13.22 -1.71 371 81,707 68,626 19.1%

2067 14.95 13.22 -1.73 364 85,293 71,635 19.1%

2068 14.98 13.22 -1.76 356 89,041 74,778 19.1%

2069 15.01 13.22 -1.79 349 92,945 78,052 19.1%

2070 15.05 13.23 -1.82 341 97,008 81,460 19.1%

2071 15.08 13.23 -1.85 333 101,246 85,014 19.1%

2072 15.12 13.23 -1.89 324 105,682 88,734 19.1%

2073 15.15 13.23 -1.92 316 110,308 92,613 19.1%

2074 15.19 13.23 -1.95 307 115,130 96,656 19.1%

2075 15.22 13.24 -1.99 297 120,162 100,875 19.1%

2076 15.26 13.24 -2.02 288 125,403 105,268 19.1%

2077 15.30 13.24 -2.06 278 130,872 109,853 19.1%

2078 15.34 13.24 -2.09 268 136,565 114,625 19.1%

2079 15.38 13.25 -2.13 257 142,506 119,604 19.1%

2080 15.42 13.25 -2.17 246 148,698 124,794 19.2%

2081 15.46 13.25 -2.21 235 155,163 130,212 19.2%

2082 15.50 13.25 -2.24 223 161,905 135,862 19.2%

2083 15.54 13.26 -2.28 212 168,939 141,756 19.2%

2084 15.58 13.26 -2.32 200 176,285 147,912 19.2%

2085 15.62 13.26 -2.35 187 183,968 154,350 19.2%

Summarized Rates: OASDI

2008 Cost Rate Income Rate

Actuarial 

Balance

-2082 13.60% 13.74% 0.14% 1.84%

Office of the Chief Actuary, Social Security

Estimates based on Intermediate Assumptions of the 2008 Trustees Report

Change in 

Actuarial Balance

July 18, 2008