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1994-96 Advisory Council Report

 

Table.UO Estimated Long-Range OASDI Assets and Obligations, in Present Value for Present Law and Advisory Council Options

Present Value as of Valuation Date of OASDI Obligations for the 75-Year Period Beginning at Valuation Date
 
Valuation                    

Date 1-1

 

Pres Law

 

PSA

 

IA

 

MB

 

MB"

       

(billions of dollars)

           
1995   19876   13762   17629   13324   19719
1996   21345   14619   18867   14112   21177
                     
Change from 1995 to 1996 Valuation            
                     
    1469   857   1238   788   1457

 

Present Value as of Valuation Date of Current Assets Plus OASDI Tax and Interest Income for the 75-Year Period Beginning at Valuation Date
Valuation                    

Date 1-1

 

Pres Law

 

PSA

 

IA

 

MB

 

MB"

       

(billions of dollars)

           
1995   17610   13868   18332   13626   20670
1996   18833   14732   19618   14429   22193
                     
Change from 1995 to 1996 Valuation            
                     
    1223   864   1286   803   1523
                     

Present Value as of Valuation Date of Unfunded Obligations (Obligations Less Assets and Income) for the 75-Year Period Beginning at Valuation Date
Valuation                    
Date 1-1   Pres Law   PSA   IA   MB   MB"
        (billions of dollars)            
1995   2266   -106   -703   -302   -951
1996   2512   -114   -751   -317   -1017
                     
Change from 1995 to 1996 Valuation              
                     
    245   -8   -48   -15   -66

Notes: Based on intermediate assumptions of the 1995 Trustees Report except for CPI growth reduced by 0.21 percent by 1997.
Ultimate valuation interest rates are 6.392% for PL, IA, and PSA and 8.123% for the MB plan. For the MB" plan, the ultimate valuation interest rate is set at 6.392% even though Trust Fund investments are assumed to yield 8.123%. Office of the Actuary
Social Security Administration
12-Jul-96

 
 
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