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 1.73 338 4,985 4,985 0.0%

2007 10.94 12.74 1.80 355 5,244 5,244 0.0%

2008 10.95 12.78 1.83 371 5,512 5,511 0.0%

2009 11.06 12.77 1.71 385 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 11.47 12.86 1.39 420 6,650 6,646 0.1%

2013 11.69 12.89 1.20 428 6,951 6,946 0.1%

2014 11.93 12.90 0.97 433 7,264 7,258 0.1%

2015 12.18 12.92 0.75 437 7,590 7,583 0.1%

2016 12.42 12.94 0.52 439 7,927 7,919 0.1%

2017 12.70 12.95 0.26 438 8,276 8,268 0.1%

2018 12.99 12.97 -0.02 436 8,638 8,630 0.1%

2019 13.29 12.99 -0.30 432 9,013 9,005 0.1%

2020 13.60 13.01 -0.59 426 9,399 9,391 0.1%

2021 13.93 13.03 -0.90 418 9,800 9,794 0.1%

2022 14.25 13.05 -1.20 409 10,214 10,209 0.1%

2023 14.57 13.07 -1.50 398 10,644 10,640 0.0%

2024 14.89 13.09 -1.80 386 11,088 11,085 0.0%

2025 15.20 13.11 -2.10 373 11,547 11,545 0.0%

2026 15.52 13.12 -2.39 358 12,025 12,024 0.0%

2027 15.81 13.14 -2.67 342 12,528 12,527 0.0%

2028 16.07 13.16 -2.91 325 13,054 13,054 0.0%

2029 16.30 13.17 -3.12 308 13,599 13,599 0.0%

2030 16.51 13.19 -3.32 291 14,166 14,166 0.0%

2031 16.70 13.20 -3.50 272 14,758 14,758 0.0%

2032 16.87 13.21 -3.66 253 15,381 15,381 0.0%

2033 17.01 13.22 -3.78 234 16,033 16,033 0.0%

2034 17.11 13.23 -3.88 214 16,714 16,714 0.0%

2035 17.20 13.24 -3.97 194 17,418 17,418 0.0%

2036 17.28 13.24 -4.03 174 18,153 18,153 0.0%

2037 17.33 13.25 -4.08 153 18,923 18,923 0.0%

2038 17.37 13.25 -4.12 131 19,728 19,728 0.0%

2039 17.39 13.25 -4.14 110 20,569 20,569 0.0%

2040 17.41 13.26 -4.15 88 21,442 21,442 0.0%

2041 17.43 13.26 -4.17 66 22,353 22,353 0.0%

2042 17.44 13.26 -4.18 43 23,302 23,302 0.0%

2043 17.46 13.26 -4.20 20 24,292 24,292 0.0%

2044 17.47 13.26 -4.21 ---- 25,321 25,321 0.0%

2045 17.49 13.27 -4.23 ---- 26,386 26,386 0.0%

2046 17.52 13.27 -4.25 ---- 27,491 27,491 0.0%

2047 17.54 13.27 -4.27 ---- 28,642 28,642 0.0%

2048 17.57 13.27 -4.29 ---- 29,842 29,842 0.0%

2049 17.59 13.28 -4.32 ---- 31,085 31,085 0.0%

2050 17.62 13.28 -4.35 ---- 32,374 32,374 0.0%

2051 17.66 13.28 -4.38 ---- 33,719 33,719 0.0%

2052 17.70 13.29 -4.42 ---- 35,120 35,120 0.0%

2053 17.75 13.29 -4.46 ---- 36,579 36,579 0.0%

2054 17.79 13.29 -4.50 ---- 38,101 38,101 0.0%

2055 17.84 13.29 -4.54 ---- 39,682 39,682 0.0%

2056 17.89 13.30 -4.59 ---- 41,324 41,324 0.0%

2057 17.95 13.30 -4.64 ---- 43,036 43,036 0.0%

2058 18.00 13.31 -4.69 ---- 44,817 44,817 0.0%

2059 18.05 13.31 -4.74 ---- 46,670 46,670 0.0%

2060 18.10 13.31 -4.79 ---- 48,600 48,600 0.0%

2061 18.16 13.32 -4.84 ---- 50,605 50,605 0.0%

2062 18.22 13.32 -4.90 ---- 52,699 52,699 0.0%

2063 18.28 13.32 -4.95 ---- 54,883 54,883 0.0%

2064 18.34 13.33 -5.01 ---- 57,155 57,155 0.0%

2065 18.40 13.33 -5.07 ---- 59,520 59,520 0.0%

2066 18.46 13.34 -5.12 ---- 61,964 61,964 0.0%

2067 18.52 13.34 -5.18 ---- 64,511 64,511 0.0%

2068 18.57 13.34 -5.23 ---- 67,183 67,183 0.0%

2069 18.63 13.35 -5.28 ---- 69,970 69,970 0.0%

2070 18.67 13.35 -5.32 ---- 72,868 72,868 0.0%

2071 18.72 13.35 -5.37 ---- 75,881 75,881 0.0%

2072 18.77 13.36 -5.41 ---- 79,015 79,015 0.0%

2073 18.81 13.36 -5.45 ---- 82,282 82,282 0.0%

2074 18.85 13.36 -5.49 ---- 85,685 85,685 0.0%

2075 18.90 13.36 -5.53 ---- 89,221 89,221 0.0%

2076 18.94 13.37 -5.58 ---- 92,900 92,900 0.0%

2077 18.99 13.37 -5.62 ---- 96,727 96,727 0.0%

2078 19.03 13.37 -5.66 ---- 100,711 100,711 0.0%

2079 19.08 13.37 -5.70 ---- 104,859 104,859 0.0%

2080 19.12 13.38 -5.75 ---- 109,174 109,174 0.0%

Summarized Rates: OASDI

2005 Cost Rate Income Rate

Actuarial 

Balance

-2079 15.64% 13.86% -1.78% 0.14%

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)

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