Detailed Single Year Tables

Category of Change: Retirement Age

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 70

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
11.00
10.93
10.95
11.05
11.14
11.27
11.48
11.69
11.93
12.16
12.38
12.64
12.91
13.19
13.49
13.79
14.09
14.39
14.68
14.98
15.27
15.54
15.77
15.98
16.16
16.33
16.47
16.58
16.66
16.73
16.78
16.82
16.83
16.82
16.81
16.79
16.76
16.74
16.72
16.71
16.70
16.70
16.69
16.68
16.68
16.69
16.69
16.70
16.72
16.73
16.75
16.77
16.80
16.82
16.84
16.88
16.92
16.94
16.96
16.97
16.96
16.96
16.97
16.99
17.03
17.06
17.10
17.13
17.17
17.21
17.25
17.28
17.31
17.36
17.39

12.72
12.73
12.74
12.78
12.77
12.79
12.84
12.86
12.89
12.90
12.92
12.94
12.95
12.97
12.99
13.00
13.02
13.04
13.06
13.08
13.09
13.11
13.13
13.14
13.16
13.17
13.18
13.19
13.20
13.20
13.21
13.21
13.22
13.22
13.22
13.22
13.22
13.22
13.22
13.22
13.22
13.22
13.22
13.22
13.22
13.22
13.23
13.23
13.23
13.23
13.23
13.23
13.23
13.23
13.24
13.24
13.24
13.24
13.24
13.25
13.25
13.25
13.25
13.25
13.25
13.25
13.25
13.26
13.26
13.26
13.26
13.26
13.27
13.27
13.27
13.27

1.59
1.73
1.81
1.84
1.72
1.65
1.57
1.39
1.20
0.98
0.76
0.55
0.31
0.06
-0.21
-0.48
-0.77
-1.05
-1.33
-1.61
-1.88
-2.16
-2.41
-2.63
-2.82
-3.00
-3.15
-3.28
-3.38
-3.46
-3.52
-3.57
-3.60
-3.61
-3.60
-3.59
-3.56
-3.54
-3.52
-3.50
-3.49
-3.48
-3.47
-3.47
-3.46
-3.46
-3.46
-3.47
-3.48
-3.49
-3.50
-3.52
-3.54
-3.56
-3.58
-3.60
-3.64
-3.67
-3.70
-3.71
-3.73
-3.71
-3.71
-3.72
-3.74
-3.78
-3.81
-3.84
-3.88
-3.91
-3.94
-3.98
-4.01
-4.04
-4.09
-4.12

320
337
355
372
386
399
411
420
428
433
437
440
441
439
437
432
425
417
408
397
385
372
358
343
328
312
296
279
262
244
227
209
191
172
154
135
116
97
78
58
39
18
-------------------------------------------------------------------------------------------------------

(in billions of dollars)

Proposed
Plan
4,730
4,985
5,244
5,512
5,785
6,068
6,358
6,650
6,952
7,265
7,591
7,927
8,277
8,639
9,015
9,401
9,803
10,217
10,648
11,093
11,553
12,032
12,536
13,063
13,609
14,176
14,770
15,393
16,047
16,728
17,434
18,170
18,941
19,746
20,588
21,464
22,376
23,327
24,320
25,351
26,418
27,526
28,680
29,883
31,129
32,422
33,771
35,175
36,638
38,165
39,751
41,398
43,115
44,902
46,761
48,696
50,706
52,806
54,996
57,275
59,648
62,103
64,660
67,341
70,137
73,043
76,065
79,208
82,485
85,898
89,444
93,135
96,974
100,970
105,131
109,460

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%
0.0%
0.0%
0.0%
0.0%
0.0%
0.1%
0.1%
0.1%
0.1%
0.1%
0.1%
0.1%
0.1%
0.1%
0.1%
0.1%
0.1%
0.1%
0.1%
0.1%
0.1%
0.1%
0.1%
0.1%
0.1%
0.1%
0.1%
0.1%
0.1%
0.1%
0.1%
0.1%
0.1%
0.1%
0.1%
0.1%
0.1%
0.1%
0.1%
0.1%
0.1%
0.1%
0.1%
0.1%
0.1%
0.2%
0.2%
0.2%
0.2%
0.2%
0.2%
0.2%
0.2%
0.2%
0.2%
0.2%
0.2%
0.2%
0.2%
0.2%
0.2%
0.2%
0.2%
0.2%
0.2%
0.2%
0.2%
0.2%
0.2%
0.3%
0.3%
0.3%
0.3%
0.3%
0.3%

Summarized Rates: OASDI
2005
-2079

Cost Rate
15.06%

Income Rate
13.83%

Change in
Actuarial
Balance Actuarial Balance
-1.24%
0.69%

Estimates based on Intermediate Assumptions of the 2005 Trustees Report

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