Year Cost Rate

Income 

Rate

Annual 

Balance

Proposed 

Plan

Present 

Law

2005 11.13 12.72 1.59 320 4,730 4,730 0.0%

2006 11.00 12.73 1.73 337 4,985 4,985 0.0%

2007 10.93 12.74 1.81 355 5,244 5,244 0.0%

2008 10.95 12.78 1.84 372 5,512 5,511 0.0%

2009 11.05 12.77 1.72 386 5,785 5,784 0.0%

2010 11.14 12.79 1.65 399 6,068 6,065 0.0%

2011 11.27 12.84 1.57 411 6,358 6,354 0.1%

2012 11.48 12.86 1.39 420 6,650 6,646 0.1%

2013 11.69 12.89 1.20 428 6,952 6,946 0.1%

2014 11.93 12.90 0.98 433 7,265 7,258 0.1%

2015 12.15 12.92 0.77 437 7,591 7,583 0.1%

2016 12.38 12.94 0.56 440 7,927 7,919 0.1%

2017 12.63 12.95 0.32 441 8,277 8,268 0.1%

2018 12.91 12.97 0.06 440 8,639 8,630 0.1%

2019 13.19 12.99 -0.20 437 9,015 9,005 0.1%

2020 13.49 13.00 -0.48 432 9,401 9,391 0.1%

2021 13.80 13.02 -0.77 425 9,803 9,794 0.1%

2022 14.10 13.04 -1.06 417 10,217 10,209 0.1%

2023 14.40 13.06 -1.34 408 10,648 10,640 0.1%

2024 14.70 13.08 -1.62 397 11,093 11,085 0.1%

2025 14.99 13.09 -1.89 385 11,553 11,545 0.1%

2026 15.28 13.11 -2.17 372 12,032 12,024 0.1%

2027 15.54 13.13 -2.41 357 12,536 12,527 0.1%

2028 15.77 13.14 -2.63 343 13,063 13,054 0.1%

2029 15.98 13.16 -2.82 327 13,609 13,599 0.1%

2030 16.16 13.17 -2.99 312 14,176 14,166 0.1%

2031 16.33 13.18 -3.15 295 14,770 14,758 0.1%

2032 16.47 13.19 -3.28 279 15,393 15,381 0.1%

2033 16.58 13.20 -3.38 262 16,047 16,033 0.1%

2034 16.66 13.20 -3.45 244 16,728 16,714 0.1%

2035 16.72 13.21 -3.52 227 17,434 17,418 0.1%

2036 16.78 13.21 -3.57 209 18,170 18,153 0.1%

2037 16.82 13.22 -3.60 191 18,941 18,923 0.1%

2038 16.83 13.22 -3.61 172 19,747 19,728 0.1%

2039 16.83 13.22 -3.61 154 20,588 20,569 0.1%

2040 16.83 13.22 -3.61 135 21,463 21,442 0.1%

2041 16.83 13.22 -3.60 116 22,374 22,353 0.1%

2042 16.83 13.23 -3.60 96 23,325 23,302 0.1%

2043 16.83 13.23 -3.60 77 24,316 24,292 0.1%

2044 16.83 13.23 -3.60 57 25,346 25,321 0.1%

2045 16.83 13.23 -3.60 36 26,412 26,386 0.1%

2046 16.84 13.23 -3.61 16 27,519 27,491 0.1%

2047 16.86 13.23 -3.62 ---- 28,672 28,642 0.1%

2048 16.87 13.23 -3.63 ---- 29,872 29,842 0.1%

2049 16.88 13.24 -3.65 ---- 31,117 31,085 0.1%

2050 16.91 13.24 -3.67 ---- 32,408 32,374 0.1%

2051 16.93 13.24 -3.69 ---- 33,754 33,719 0.1%

2052 16.96 13.24 -3.72 ---- 35,157 35,120 0.1%

2053 17.00 13.24 -3.75 ---- 36,617 36,579 0.1%

2054 17.03 13.25 -3.79 ---- 38,141 38,101 0.1%

2055 17.08 13.25 -3.83 ---- 39,724 39,682 0.1%

2056 17.12 13.25 -3.87 ---- 41,368 41,324 0.1%

2057 17.17 13.26 -3.91 ---- 43,082 43,036 0.1%

2058 17.22 13.26 -3.96 ---- 44,865 44,817 0.1%

2059 17.27 13.26 -4.00 ---- 46,720 46,670 0.1%

2060 17.32 13.27 -4.05 ---- 48,652 48,600 0.1%

2061 17.37 13.27 -4.10 ---- 50,659 50,605 0.1%

2062 17.42 13.27 -4.15 ---- 52,755 52,699 0.1%

2063 17.48 13.28 -4.20 ---- 54,941 54,883 0.1%

2064 17.54 13.28 -4.26 ---- 57,216 57,155 0.1%

2065 17.59 13.28 -4.31 ---- 59,582 59,520 0.1%

2066 17.65 13.29 -4.36 ---- 62,031 61,964 0.1%

2067 17.70 13.29 -4.41 ---- 64,580 64,511 0.1%

2068 17.75 13.30 -4.46 ---- 67,256 67,183 0.1%

2069 17.80 13.30 -4.50 ---- 70,045 69,970 0.1%

2070 17.85 13.30 -4.55 ---- 72,945 72,868 0.1%

2071 17.90 13.30 -4.59 ---- 75,962 75,881 0.1%

2072 17.94 13.31 -4.64 ---- 79,099 79,015 0.1%

2073 17.99 13.31 -4.68 ---- 82,369 82,282 0.1%

2074 18.03 13.31 -4.72 ---- 85,775 85,685 0.1%

2075 18.07 13.31 -4.76 ---- 89,314 89,221 0.1%

2076 18.13 13.32 -4.81 ---- 92,997 92,900 0.1%

2077 18.18 13.32 -4.86 ---- 96,829 96,727 0.1%

2078 18.22 13.32 -4.90 ---- 100,817 100,711 0.1%

2079 18.27 13.33 -4.94 ---- 104,969 104,859 0.1%

2080 18.29 13.33 -4.96 ---- 109,291 109,174 0.1%

Summarized Rates: OASDI

2005 Cost Rate Income Rate

Actuarial 

Balance

-2079 15.24% 13.84% -1.40% 0.52%

Office of the Chief Actuary, Social Security

Estimates based on Intermediate Assumptions of the 2005 Trustees Report January 4, 2006

Detailed Single Year Tables

Category of Change: Retirement Age

Change in 

Actuarial Balance

Proposed Provision: Eliminate the hiatus in the normal retirement age (speed up the increase to age 67) 

and then index the normal retirement age (by 1 month every 2 years) until the NRA reaches age 68

OASDI Taxable Payroll 

(in billions of dollars)

Increase in 

Taxable 

Payroll over 

Present Law

Expressed as a percentage of taxable payroll Trust Fund 

Ratio 

1-1-year