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 11.21 12.82 1.61 378 6,242 6,155 1.4%

2011 11.23 12.83 1.60 388 6,624 6,449 2.7%

2012 11.30 12.85 1.55 396 7,023 6,746 4.1%

2013 11.40 12.88 1.47 402 7,443 7,055 5.5%

2014 11.52 12.88 1.36 408 7,883 7,373 6.9%

2015 11.65 12.90 1.24 413 8,338 7,701 8.3%

2016 11.93 12.92 0.99 417 8,710 8,039 8.4%

2017 12.22 12.94 0.72 419 9,098 8,390 8.4%

2018 12.49 12.96 0.47 420 9,499 8,759 8.4%

2019 12.77 12.98 0.21 419 9,915 9,142 8.5%

2020 13.05 13.00 -0.06 416 10,347 9,539 8.5%

2021 13.32 13.01 -0.30 413 10,796 9,952 8.5%

2022 13.57 13.03 -0.54 408 11,262 10,381 8.5%

2023 13.82 13.05 -0.77 402 11,747 10,827 8.5%

2024 14.06 13.06 -0.99 396 12,254 11,293 8.5%

2025 14.28 13.08 -1.20 388 12,780 11,777 8.5%

2026 14.49 13.09 -1.40 380 13,330 12,284 8.5%

2027 14.70 13.11 -1.59 370 13,903 12,810 8.5%

2028 14.89 13.12 -1.77 360 14,501 13,360 8.5%

2029 15.07 13.13 -1.93 349 15,128 13,937 8.5%

2030 15.22 13.14 -2.08 338 15,784 14,539 8.6%

2031 15.36 13.16 -2.20 326 16,472 15,172 8.6%

2032 15.47 13.16 -2.31 314 17,191 15,833 8.6%

2033 15.56 13.17 -2.39 301 17,947 16,528 8.6%

2034 15.62 13.18 -2.45 289 18,740 17,257 8.6%

2035 15.67 13.18 -2.49 276 19,567 18,017 8.6%

2036 15.70 13.19 -2.52 264 20,429 18,810 8.6%

2037 15.72 13.19 -2.53 251 21,332 19,640 8.6%

2038 15.73 13.19 -2.53 238 22,277 20,509 8.6%

2039 15.72 13.19 -2.52 226 23,269 21,420 8.6%

2040 15.69 13.20 -2.50 213 24,306 22,373 8.6%

2041 15.67 13.20 -2.47 200 25,388 23,368 8.6%

2042 15.64 13.20 -2.44 187 26,519 24,408 8.7%

2043 15.61 13.20 -2.42 175 27,701 25,494 8.7%

2044 15.59 13.20 -2.39 162 28,937 26,630 8.7%

2045 15.56 13.20 -2.37 149 30,223 27,812 8.7%

2046 15.55 13.20 -2.35 136 31,564 29,043 8.7%

2047 15.54 13.20 -2.34 123 32,960 30,327 8.7%

2048 15.52 13.20 -2.33 109 34,418 31,666 8.7%

2049 15.52 13.20 -2.32 96 35,937 33,062 8.7%

2050 15.52 13.20 -2.32 83 37,519 34,514 8.7%

2051 15.53 13.20 -2.33 69 39,167 36,028 8.7%

2052 15.54 13.21 -2.34 55 40,892 37,612 8.7%

2053 15.56 13.21 -2.35 41 42,694 39,267 8.7%

2054 15.58 13.21 -2.37 26 44,573 40,993 8.7%

2055 15.61 13.21 -2.39 11 46,533 42,793 8.7%

2056 15.64 13.22 -2.42 ---- 48,574 44,666 8.7%

2057 15.67 13.22 -2.45 ---- 50,707 46,625 8.8%

2058 15.70 13.22 -2.48 ---- 52,935 48,670 8.8%

2059 15.73 13.23 -2.50 ---- 55,265 50,809 8.8%

2060 15.76 13.23 -2.53 ---- 57,694 53,039 8.8%

2061 15.79 13.23 -2.56 ---- 60,227 55,363 8.8%

2062 15.82 13.23 -2.58 ---- 62,875 57,794 8.8%

2063 15.84 13.24 -2.61 ---- 65,640 60,331 8.8%

2064 15.87 13.24 -2.63 ---- 68,528 62,981 8.8%

2065 15.90 13.24 -2.66 ---- 71,541 65,746 8.8%

Detailed Single Year Tables

Category of Change: Level of OASDI Contribution and Benefit Base

Proposed Provision: Raise the taxable maximum amount (the contribution and benefit base) to include 

90 percent of total OASDI covered earnings. Phase in this increase gradually between 2010 and 2015. 

Benefit computations would reflect all earnings up to the new taxable maximum.

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 15.94 13.24 -2.69 ---- 74,680 68,626 8.8%

2067 15.97 13.25 -2.72 ---- 77,960 71,635 8.8%

2068 16.00 13.25 -2.75 ---- 81,386 74,778 8.8%

2069 16.03 13.25 -2.78 ---- 84,955 78,052 8.8%

2070 16.07 13.25 -2.82 ---- 88,671 81,460 8.9%

2071 16.11 13.26 -2.85 ---- 92,546 85,014 8.9%

2072 16.15 13.26 -2.89 ---- 96,601 88,734 8.9%

2073 16.18 13.26 -2.92 ---- 100,831 92,613 8.9%

2074 16.22 13.26 -2.96 ---- 105,240 96,656 8.9%

2075 16.26 13.27 -2.99 ---- 109,841 100,875 8.9%

2076 16.30 13.27 -3.03 ---- 114,633 105,268 8.9%

2077 16.34 13.27 -3.07 ---- 119,634 109,853 8.9%

2078 16.38 13.27 -3.11 ---- 124,840 114,625 8.9%

2079 16.43 13.28 -3.15 ---- 130,272 119,604 8.9%

2080 16.47 13.28 -3.19 ---- 135,934 124,794 8.9%

2081 16.51 13.28 -3.23 ---- 141,846 130,212 8.9%

2082 16.56 13.28 -3.27 ---- 148,011 135,862 8.9%

2083 16.60 13.29 -3.31 ---- 154,443 141,756 9.0%

2084 16.64 13.29 -3.35 ---- 161,161 147,912 9.0%

2085 16.68 13.29 -3.39 ---- 168,187 154,350 9.0%

Summarized Rates: OASDI

2008 Cost Rate Income Rate

Actuarial 

Balance

-2082 14.71% 13.85% -0.86% 0.84%

Office of the Chief Actuary, Social Security

Estimates based on Intermediate Assumptions of the 2008 Trustees Report

Change in 

Actuarial Balance

July 18, 2008