NW Social Security Plan

Close actuarial balance means that the Social Security Trust Fund does not drop below a level that will fund costs for the next 10 years.  At the current payroll tax rate we will be out of close actuarial balance in 2019.  (Using numbers from the 2015 annual report) if we increase the tax rate by 0.2 percent each time the test fails, we will need to raise the rate to 16.2 percent (combined employee and employer contributions) by 2080.

At no point will the Trust Fund ratio drop below 1.