Detailed Single Year Tables

Category of Change: Coverage of Employment

Proposed Provision: Cover newly hired State and local government employees beginning in 2006

OASDI Taxable Payroll
Expressed as a percentage of taxable payroll

Year

Cost Rate

Income
Rate

Annual
Balance

Trust Fund
Ratio
1-1-year

2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
2055
2056
2057
2058
2059
2060
2061
2062
2063
2064
2065
2066
2067
2068
2069
2070
2071
2072
2073
2074
2075
2076
2077
2078
2079
2080

11.13
10.97
10.89
10.90
11.01
11.12
11.26
11.49
11.73
11.99
12.25
12.52
12.81
13.10
13.39
13.69
13.99
14.28
14.57
14.85
15.12
15.40
15.65
15.87
16.07
16.25
16.42
16.57
16.68
16.77
16.84
16.91
16.96
16.99
17.01
17.02
17.04
17.07
17.09
17.11
17.14
17.17
17.21
17.25
17.29
17.33
17.38
17.44
17.50
17.56
17.62
17.69
17.75
17.82
17.89
17.95
18.02
18.09
18.16
18.23
18.30
18.37
18.44
18.51
18.57
18.62
18.68
18.73
18.78
18.83
18.88
18.93
18.97
19.02
19.07
19.12

12.72
12.73
12.74
12.78
12.77
12.79
12.84
12.87
12.90
12.91
12.93
12.95
12.96
12.98
13.00
13.02
13.04
13.05
13.07
13.09
13.10
13.12
13.14
13.15
13.16
13.18
13.19
13.20
13.21
13.21
13.22
13.22
13.23
13.23
13.24
13.24
13.24
13.24
13.24
13.25
13.25
13.25
13.26
13.26
13.26
13.26
13.27
13.27
13.28
13.28
13.28
13.29
13.29
13.30
13.30
13.31
13.31
13.31
13.32
13.32
13.33
13.33
13.34
13.34
13.34
13.35
13.35
13.35
13.36
13.36
13.36
13.37
13.37
13.37
13.37
13.38

1.59
1.76
1.85
1.88
1.75
1.67
1.57
1.38
1.16
0.92
0.68
0.42
0.15
-0.12
-0.39
-0.67
-0.95
-1.23
-1.50
-1.76
-2.02
-2.28
-2.51
-2.72
-2.90
-3.07
-3.23
-3.37
-3.48
-3.56
-3.62
-3.68
-3.73
-3.76
-3.77
-3.78
-3.80
-3.83
-3.85
-3.87
-3.89
-3.92
-3.96
-3.99
-4.03
-4.07
-4.11
-4.17
-4.22
-4.28
-4.33
-4.40
-4.46
-4.52
-4.59
-4.65
-4.71
-4.78
-4.84
-4.91
-4.98
-5.04
-5.11
-5.17
-5.22
-5.28
-5.33
-5.37
-5.42
-5.47
-5.51
-5.56
-5.60
-5.65
-5.70
-5.74

320
337
355
371
384
397
408
416
422
425
428
428
426
422
418
411
404
395
384
373
360
346
332
316
300
284
267
249
231
213
194
175
156
136
116
96
75
54
33
11
-------------------------------------------------------------------------------------------------------------

(in billions of dollars)

Proposed
Plan
4,730
4,996
5,271
5,554
5,842
6,139
6,444
6,751
7,067
7,394
7,736
8,089
8,455
8,834
9,228
9,633
10,055
10,491
10,943
11,411
11,895
12,399
12,929
13,483
14,058
14,656
15,281
15,939
16,628
17,348
18,094
18,863
19,669
20,513
21,394
22,310
23,257
24,244
25,274
26,345
27,452
28,602
29,800
31,047
32,340
33,682
35,080
36,538
38,055
39,638
41,283
42,991
44,771
46,624
48,552
50,559
52,645
54,823
57,095
59,458
61,918
64,460
67,109
69,888
72,787
75,801
78,935
82,195
85,594
89,133
92,810
96,637
100,618
104,762
109,076
113,564

Present
Law
4,730
4,985
5,244
5,511
5,784
6,065
6,354
6,646
6,946
7,258
7,583
7,919
8,268
8,630
9,005
9,391
9,794
10,209
10,640
11,085
11,545
12,024
12,527
13,054
13,599
14,166
14,758
15,381
16,033
16,714
17,418
18,153
18,923
19,728
20,569
21,442
22,353
23,302
24,292
25,321
26,386
27,491
28,642
29,842
31,085
32,374
33,719
35,120
36,579
38,101
39,682
41,324
43,036
44,817
46,670
48,600
50,605
52,699
54,883
57,155
59,520
61,964
64,511
67,183
69,970
72,868
75,881
79,015
82,282
85,685
89,221
92,900
96,727
100,711
104,859
109,174

Increase in
Taxable
Payroll over
Present Law
0.0%
0.2%
0.5%
0.8%
1.0%
1.2%
1.4%
1.6%
1.7%
1.9%
2.0%
2.1%
2.3%
2.4%
2.5%
2.6%
2.7%
2.8%
2.9%
2.9%
3.0%
3.1%
3.2%
3.3%
3.4%
3.5%
3.5%
3.6%
3.7%
3.8%
3.9%
3.9%
3.9%
4.0%
4.0%
4.0%
4.0%
4.0%
4.0%
4.0%
4.0%
4.0%
4.0%
4.0%
4.0%
4.0%
4.0%
4.0%
4.0%
4.0%
4.0%
4.0%
4.0%
4.0%
4.0%
4.0%
4.0%
4.0%
4.0%
4.0%
4.0%
4.0%
4.0%
4.0%
4.0%
4.0%
4.0%
4.0%
4.0%
4.0%
4.0%
4.0%
4.0%
4.0%
4.0%
4.0%

Summarized Rates: OASDI
2005
-2079

Cost Rate
15.54%

Income Rate
13.84%

Change in
Actuarial
Balance Actuarial Balance
-1.71%
0.22%

Estimates based on Intermediate Assumptions of the 2005 Trustees Report

Office of the Chief Actuary, Social Security
January 4, 2006