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 0.87 394

2014 12.32 12.92 0.60 395

2015 12.62 12.94 0.32 393

2016 12.92 12.96 0.04 390

2017 13.24 12.99 -0.26 385

2018 13.54 13.01 -0.53 378

2019 13.84 13.03 -0.82 370

2020 14.14 13.05 -1.10 361

2021 14.43 13.06 -1.37 351

2022 14.71 13.08 -1.63 340

2023 14.97 13.10 -1.88 328

2024 15.23 13.11 -2.11 315

2025 15.47 13.13 -2.34 300

2026 15.70 13.15 -2.56 285

2027 15.92 13.16 -2.76 270

2028 16.13 13.17 -2.96 253

2029 16.32 13.19 -3.14 236

2030 16.49 13.20 -3.29 218

2031 16.63 13.21 -3.42 199

2032 16.75 13.22 -3.53 180

2033 16.84 13.22 -3.62 161

2034 16.90 13.23 -3.67 141

2035 16.94 13.23 -3.71 121

2036 16.97 13.24 -3.73 101

2037 16.98 13.24 -3.74 81

2038 16.98 13.24 -3.74 60

2039 16.95 13.24 -3.71 39

2040 16.92 13.24 -3.68 18

2041 16.88 13.24 -3.64 ----

2042 16.83 13.24 -3.60 ----

2043 16.79 13.24 -3.55 ----

2044 16.75 13.23 -3.51 ----

2045 16.71 13.23 -3.48 ----

2046 16.68 13.23 -3.44 ----

2047 16.65 13.23 -3.42 ----

2048 16.62 13.23 -3.39 ----

2049 16.60 13.23 -3.37 ----

2050 16.59 13.23 -3.36 ----

2051 16.58 13.23 -3.35 ----

2052 16.58 13.23 -3.35 ----

2053 16.59 13.23 -3.35 ----

2054 16.60 13.24 -3.36 ----

2055 16.61 13.24 -3.38 ----

2056 16.63 13.24 -3.40 ----

2057 16.66 13.24 -3.41 ----

2058 16.68 13.24 -3.43 ----

2059 16.70 13.24 -3.45 ----

2060 16.72 13.25 -3.47 ----

2061 16.74 13.25 -3.49 ----

2062 16.77 13.25 -3.52 ----

2063 16.79 13.25 -3.54 ----

2064 16.81 13.25 -3.56 ----

2065 16.84 13.26 -3.58 ----

Detailed Single Year Tables

Category of Change: Level of Monthly Benefits (PIA)

Proposed Provision: Increase the PIA to a level such that a worker with 30 years of earnings at the 

minimum wage level would receive an adjusted PIA equal to 120 percent of the Federal poverty level for 

an aged individual. This provision would take full effect for all newly eligible OASDI workers in 2025, 

and would be phased in for new eligible in 2016 through 2024. The percentage increase in PIA would be 

lowered proportionately for those with fewer than 30 years of earnings, down to no enhancement for 

workers with 20 or fewer years of earnings. (Year-of-work requirements are scaled for disabled workers 

based on their years of potential work from age 22 to benefit eligibility). The benefit enhancement 

Expressed as a percentage of taxable payrol Trust Fund 

Ratio 

1-1-year
2066 16.87 13.26 -3.61 ----

2067 16.90 13.26 -3.64 ----

2068 16.93 13.26 -3.67 ----

2069 16.96 13.26 -3.70 ----

2070 17.00 13.27 -3.73 ----

2071 17.04 13.27 -3.77 ----

2072 17.07 13.27 -3.80 ----

2073 17.11 13.27 -3.84 ----

2074 17.15 13.27 -3.88 ----

2075 17.19 13.28 -3.91 ----

2076 17.23 13.28 -3.95 ----

2077 17.27 13.28 -3.99 ----

2078 17.32 13.28 -4.03 ----

2079 17.36 13.29 -4.08 ----

2080 17.41 13.29 -4.12 ----

2081 17.45 13.29 -4.16 ----

2082 17.50 13.30 -4.21 ----

2083 17.55 13.30 -4.25 ----

2084 17.59 13.30 -4.29 ----

2085 17.64 13.30 -4.33 ----

Summarized Rates: OASDI

2008 Cost Rate Income Rate

Actuarial 

Balance

-2082 15.68% 13.94% -1.74% -0.04%

Office of the Chief Actuary, Social Security

Estimates based on Intermediate Assumptions of the 2008 Trustees Report

Change in 

Actuarial Balance

July 17, 2008