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 10.48 12.79 2.31 378 6,677 6,155 8.5%

2011 10.67 12.81 2.14 395 6,971 6,449 8.1%

2012 10.92 12.84 1.92 408 7,267 6,746 7.7%

2013 11.10 12.86 1.76 418 7,646 7,055 8.4%

2014 11.30 12.88 1.57 426 8,039 7,373 9.0%

2015 11.51 12.89 1.38 433 8,448 7,701 9.7%

2016 11.73 12.91 1.18 438 8,872 8,039 10.4%

2017 11.95 12.93 0.98 441 9,315 8,390 11.0%

2018 12.15 12.94 0.79 444 9,782 8,759 11.7%

2019 12.41 12.96 0.55 445 10,227 9,142 11.9%

2020 12.67 12.98 0.31 445 10,690 9,539 12.1%

2021 12.91 12.99 0.08 443 11,172 9,952 12.3%

2022 13.15 13.01 -0.14 441 11,674 10,381 12.5%

2023 13.37 13.02 -0.35 438 12,196 10,827 12.6%

2024 13.59 13.04 -0.55 434 12,743 11,293 12.8%

2025 13.80 13.05 -0.75 428 13,313 11,777 13.0%

2026 14.00 13.06 -0.93 422 13,909 12,284 13.2%

2027 14.19 13.08 -1.11 415 14,530 12,810 13.4%

2028 14.37 13.09 -1.28 408 15,179 13,360 13.6%

2029 14.53 13.10 -1.43 399 15,862 13,937 13.8%

2030 14.68 13.11 -1.57 390 16,575 14,539 14.0%

2031 14.81 13.12 -1.69 381 17,326 15,172 14.2%

2032 14.92 13.13 -1.79 371 18,113 15,833 14.4%

2033 15.00 13.13 -1.87 362 18,941 16,528 14.6%

2034 15.06 13.14 -1.93 352 19,810 17,257 14.8%

2035 15.11 13.14 -1.97 342 20,718 18,017 15.0%

2036 15.14 13.15 -2.00 333 21,667 18,810 15.2%

2037 15.17 13.15 -2.02 323 22,661 19,640 15.4%

2038 15.17 13.15 -2.02 313 23,705 20,509 15.6%

2039 15.16 13.15 -2.01 304 24,800 21,420 15.8%

2040 15.14 13.15 -1.99 294 25,948 22,373 16.0%

2041 15.12 13.15 -1.97 285 27,147 23,368 16.2%

2042 15.10 13.15 -1.95 276 28,404 24,408 16.4%

2043 15.08 13.15 -1.92 266 29,720 25,494 16.6%

2044 15.05 13.15 -1.90 257 31,098 26,630 16.8%

2045 15.04 13.15 -1.89 248 32,534 27,812 17.0%

2046 15.02 13.15 -1.87 238 34,033 29,043 17.2%

2047 15.02 13.15 -1.86 229 35,598 30,327 17.4%

2048 15.01 13.15 -1.86 219 37,234 31,666 17.6%

2049 15.01 13.15 -1.85 209 38,941 33,062 17.8%

2050 15.01 13.15 -1.86 200 40,722 34,514 18.0%

2051 15.02 13.15 -1.86 190 42,581 36,028 18.2%

2052 15.03 13.16 -1.88 179 44,530 37,612 18.4%

2053 15.05 13.16 -1.89 169 46,570 39,267 18.6%

2054 15.07 13.16 -1.91 158 48,702 40,993 18.8%

2055 15.09 13.16 -1.93 147 50,928 42,793 19.0%

2056 15.12 13.16 -1.95 136 53,250 44,666 19.2%

2057 15.14 13.16 -1.98 125 55,681 46,625 19.4%

2058 15.17 13.17 -2.00 113 58,224 48,670 19.6%

2059 15.19 13.17 -2.02 101 60,887 50,809 19.8%

2060 15.21 13.17 -2.04 89 63,668 53,039 20.0%

2061 15.24 13.17 -2.06 76 66,573 55,363 20.2%

2062 15.26 13.17 -2.08 64 69,618 57,794 20.5%

2063 15.28 13.18 -2.10 51 72,802 60,331 20.7%

2064 15.29 13.18 -2.12 38 76,133 62,981 20.9%

2065 15.31 13.18 -2.14 25 79,615 65,746 21.1%

Detailed Single Year Tables

Category of Change: Coverage of Employment

Proposed Provision: Provide for OASDI payroll tax coverage of employer provided group health 

insurance cost, starting in 2010. Specifically, any cost toward such group health insurance borne by 

employees would cease to be deductible, and the cost borne by employers would now be allocated to 

employees as if it had been wages, for the purpose of payroll tax (and later, benefit) calculations. Both 

employee and employer OASDI payroll taxes would be affected by this proposal.

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 15.34 13.18 -2.16 11 83,248 68,626 21.3%

2067 15.36 13.18 -2.18 ---- 87,049 71,635 21.5%

2068 15.38 13.18 -2.20 ---- 91,027 74,778 21.7%

2069 15.40 13.18 -2.22 ---- 95,179 78,052 21.9%

2070 15.43 13.19 -2.24 ---- 99,507 81,460 22.2%

2071 15.46 13.19 -2.27 ---- 104,028 85,014 22.4%

2072 15.48 13.19 -2.29 ---- 108,773 88,734 22.6%

2073 15.51 13.19 -2.32 ---- 113,731 92,613 22.8%

2074 15.54 13.19 -2.34 ---- 118,908 96,656 23.0%

2075 15.56 13.19 -2.37 ---- 124,319 100,875 23.2%

2076 15.59 13.20 -2.40 ---- 129,964 105,268 23.5%

2077 15.62 13.20 -2.42 ---- 135,864 109,853 23.7%

2078 15.65 13.20 -2.46 ---- 142,017 114,625 23.9%

2079 15.69 13.20 -2.49 ---- 148,448 119,604 24.1%

2080 15.72 13.20 -2.52 ---- 155,162 124,794 24.3%

2081 15.75 13.21 -2.55 ---- 162,184 130,212 24.6%

2082 15.79 13.21 -2.58 ---- 169,518 135,862 24.8%

2083 15.82 13.21 -2.61 ---- 177,182 141,756 25.0%

2084 15.86 13.21 -2.65 ---- 184,877 147,912 25.0%

2085 15.90 13.21 -2.69 ---- 192,924 154,350 25.0%

Summarized Rates: OASDI

2008 Cost Rate Income Rate

Actuarial 

Balance

-2082 14.26% 13.76% -0.49% 1.20%

Office of the Chief Actuary, Social Security

Estimates based on Intermediate Assumptions of the 2008 Trustees Report

Change in 

Actuarial Balance

July 17, 2008