Tax IA like benefits
IA to Estate at Death <65 If No Survivor Ultimate Real Trust Fund Yield Rate of 3.00 Benefit Offset Real Yield Rate Set at 3.00 Benefit Offset Real Discount Rate Set at 3.00 |
IA Contribution is 4% of taxable earnings starting in 2006
Assumed Participation in Voluntary IA: 66.7% Benefit Offset: 100.0% |
|||||||
---|---|---|---|---|---|---|---|---|
Year
|
Cost
Rate1
|
Income
Rate
|
Annual
Balance
|
TFR
1-1-yr
|
"Effective"
Change
in OASDI
Contribution
Rate
|
"Effective"
OASDI
Contribution
Rate2
|
General
Revenue
Transfer
|
"Effective"
IA
Contribution
Rate
|
2004
|
11.07
|
12.71
|
1.64
|
306
|
12.40
|
0.00
|
||
2005
|
10.87
|
12.73
|
1.86
|
325
|
12.40
|
0.00
|
||
2006
|
10.77
|
11.27
|
0.50
|
347
|
-1.465
|
10.94
|
1.46
|
|
2007
|
10.75
|
11.14
|
0.40
|
353
|
-0.142
|
10.79
|
1.61
|
|
2008
|
10.80
|
11.12
|
0.33
|
357
|
-0.061
|
10.73
|
1.67
|
|
2009
|
10.95
|
11.05
|
0.10
|
357
|
-0.062
|
10.67
|
1.73
|
|
2010
|
11.08
|
11.01
|
-0.07
|
356
|
-0.063
|
10.61
|
1.79
|
|
2011
|
11.25
|
10.99
|
-0.25
|
352
|
-0.065
|
10.54
|
1.86
|
|
2012
|
11.50
|
10.96
|
-0.54
|
346
|
-0.063
|
10.48
|
1.92
|
|
2013
|
11.76
|
10.93
|
-0.83
|
338
|
-0.063
|
10.42
|
1.98
|
|
2014
|
12.02
|
10.88
|
-1.14
|
328
|
-0.063
|
10.35
|
2.05
|
|
2015
|
12.30
|
10.84
|
-1.47
|
315
|
-0.062
|
10.29
|
2.11
|
|
2016
|
12.61
|
10.80
|
-1.81
|
299
|
-0.059
|
10.23
|
2.17
|
|
2017
|
12.92
|
10.76
|
-2.17
|
282
|
-0.057
|
10.18
|
2.22
|
|
2018
|
13.25
|
10.72
|
-2.52
|
263
|
-0.054
|
10.12
|
2.28
|
|
2019
|
13.58
|
10.69
|
-2.89
|
242
|
-0.051
|
10.07
|
2.33
|
|
2020
|
13.93
|
10.66
|
-3.27
|
219
|
-0.048
|
10.02
|
2.38
|
|
2021
|
14.27
|
10.64
|
-3.63
|
194
|
-0.044
|
9.98
|
2.42
|
|
2022
|
14.57
|
10.62
|
-3.95
|
168
|
-0.040
|
9.94
|
2.46
|
|
2023
|
14.77
|
10.60
|
-4.18
|
142
|
-0.036
|
9.90
|
2.50
|
|
2024
|
14.81
|
12.37
|
-2.44
|
116
|
1.769
|
11.67
|
1.8
|
2.53
|
2025
|
15.02
|
14.96
|
-0.06
|
100
|
2.574
|
14.24
|
4.4
|
2.56
|
2026
|
15.18
|
15.05
|
-0.13
|
100
|
0.078
|
14.32
|
4.5
|
2.58
|
2027
|
15.32
|
15.14
|
-0.17
|
100
|
0.082
|
14.40
|
4.6
|
2.60
|
2028
|
15.42
|
15.14
|
-0.28
|
100
|
-0.014
|
14.39
|
4.6
|
2.61
|
2029
|
15.37
|
15.13
|
-0.24
|
100
|
-0.011
|
14.38
|
4.6
|
2.62
|
2030
|
15.43
|
15.33
|
-0.09
|
100
|
0.190
|
14.57
|
4.8
|
2.63
|
2031
|
15.50
|
15.34
|
-0.17
|
100
|
-0.009
|
14.56
|
4.8
|
2.64
|
2032
|
15.56
|
15.34
|
-0.22
|
100
|
-0.008
|
14.55
|
4.8
|
2.65
|
2033
|
15.58
|
15.34
|
-0.24
|
100
|
-0.007
|
14.54
|
4.8
|
2.66
|
2034
|
15.57
|
15.24
|
-0.33
|
100
|
-0.106
|
14.44
|
4.7
|
2.66
|
2035
|
15.53
|
15.24
|
-0.29
|
100
|
-0.005
|
14.43
|
4.7
|
2.67
|
2036
|
15.47
|
15.15
|
-0.32
|
100
|
-0.100
|
14.33
|
4.6
|
2.67
|
2037
|
15.38
|
14.95
|
-0.43
|
100
|
-0.200
|
14.13
|
4.4
|
2.67
|
2038
|
15.26
|
14.95
|
-0.31
|
100
|
0.000
|
14.13
|
4.4
|
2.67
|
2039
|
15.13
|
14.75
|
-0.38
|
100
|
-0.200
|
13.93
|
4.2
|
2.67
|
2040
|
14.99
|
14.65
|
-0.34
|
100
|
-0.100
|
13.83
|
4.1
|
2.67
|
2041
|
14.84
|
14.45
|
-0.39
|
100
|
-0.200
|
13.63
|
3.9
|
2.67
|
2042
|
14.68
|
14.25
|
-0.43
|
100
|
-0.200
|
13.43
|
3.7
|
2.67
|
2043
|
14.52
|
14.15
|
-0.37
|
100
|
-0.100
|
13.33
|
3.6
|
2.67
|
2044
|
14.35
|
13.95
|
-0.40
|
100
|
-0.200
|
13.13
|
3.4
|
2.67
|
2045
|
14.18
|
13.75
|
-0.43
|
100
|
-0.200
|
12.93
|
3.2
|
2.67
|
2046
|
14.01
|
13.65
|
-0.35
|
100
|
-0.100
|
12.83
|
3.1
|
2.67
|
2047
|
13.84
|
13.46
|
-0.38
|
100
|
-0.200
|
12.63
|
2.9
|
2.67
|
2048
|
13.67
|
13.26
|
-0.42
|
100
|
-0.200
|
12.43
|
2.7
|
2.67
|
2049
|
13.51
|
13.16
|
-0.35
|
100
|
-0.100
|
12.33
|
2.6
|
2.67
|
2050
|
13.34
|
12.96
|
-0.38
|
100
|
-0.200
|
12.13
|
2.4
|
2.67
|
2051
|
13.19
|
12.86
|
-0.33
|
100
|
-0.100
|
12.03
|
2.3
|
2.67
|
2052
|
13.05
|
12.67
|
-0.38
|
100
|
-0.200
|
11.83
|
2.1
|
2.67
|
2053
|
12.91
|
12.57
|
-0.34
|
100
|
-0.100
|
11.73
|
2.0
|
2.67
|
2054
|
12.77
|
12.37
|
-0.40
|
100
|
-0.200
|
11.53
|
1.8
|
2.67
|
2055
|
12.64
|
12.28
|
-0.36
|
100
|
-0.100
|
11.43
|
1.7
|
2.67
|
2056
|
12.51
|
12.18
|
-0.33
|
100
|
-0.100
|
11.33
|
1.6
|
2.67
|
2057
|
12.38
|
12.09
|
-0.29
|
100
|
-0.100
|
11.23
|
1.5
|
2.67
|
2058
|
12.25
|
11.90
|
-0.35
|
100
|
-0.200
|
11.03
|
1.3
|
2.67
|
2059
|
12.11
|
11.80
|
-0.31
|
100
|
-0.100
|
10.93
|
1.2
|
2.67
|
2060
|
11.96
|
11.61
|
-0.36
|
100
|
-0.200
|
10.73
|
1.0
|
2.67
|
2061
|
11.81
|
11.51
|
-0.30
|
100
|
-0.100
|
10.63
|
0.9
|
2.67
|
2062
|
11.67
|
11.32
|
-0.35
|
100
|
-0.200
|
10.43
|
0.7
|
2.67
|
2063
|
11.53
|
11.33
|
-0.21
|
100
|
0.000
|
10.43
|
0.7
|
2.67
|
2064
|
11.48
|
11.23
|
-0.25
|
100
|
-0.100
|
10.33
|
0.6
|
2.67
|
2065
|
11.43
|
11.13
|
-0.29
|
100
|
-0.100
|
10.23
|
0.5
|
2.67
|
2066
|
11.37
|
11.14
|
-0.24
|
100
|
0.000
|
10.23
|
0.5
|
2.67
|
2067
|
11.33
|
11.14
|
-0.19
|
100
|
0.000
|
10.23
|
0.5
|
2.67
|
2068
|
11.28
|
11.04
|
-0.24
|
100
|
-0.100
|
10.13
|
0.4
|
2.67
|
2069
|
11.23
|
11.04
|
-0.19
|
100
|
0.000
|
10.13
|
0.4
|
2.67
|
2070
|
11.18
|
10.94
|
-0.24
|
100
|
-0.100
|
10.03
|
0.3
|
2.67
|
2071
|
11.14
|
10.89
|
-0.25
|
100
|
-0.050
|
9.98
|
0.3
|
2.67
|
2072
|
11.10
|
10.84
|
-0.25
|
100
|
-0.050
|
9.93
|
0.2
|
2.67
|
2073
|
11.06
|
10.84
|
-0.21
|
100
|
0.000
|
9.93
|
0.2
|
2.67
|
2074
|
11.02
|
10.84
|
-0.18
|
100
|
0.000
|
9.93
|
0.2
|
2.67
|
2075
|
10.98
|
10.74
|
-0.24
|
100
|
-0.100
|
9.83
|
0.1
|
2.67
|
2076
|
10.95
|
10.74
|
-0.21
|
100
|
0.000
|
9.83
|
0.1
|
2.67
|
2077
|
10.92
|
10.74
|
-0.18
|
100
|
0.000
|
9.83
|
0.1
|
2.67
|
2078
|
10.89
|
10.64
|
-0.24
|
100
|
-0.100
|
9.73
|
2.67
|
|
2079
|
10.86
|
10.64
|
-0.22
|
100
|
0.000
|
9.73
|
2.67
|
|
2004 -
2078 |
Summarized OASDI
|
|||||||
Cost Rate
|
Income Rate
|
Actuarial
Balance
|
Change in
Actuarial Balance
|
|||||
13.18
|
13.18
|
0.00
|
1.89
|
1Net of Benefit Offset. 2Including General Revenue Transfer. |
Based on Intermediate Assumptions of the 2004 Trustees Report With Ultimate Real Trust Fund Interest Rate of 3.00
Office of the Actuary
Social Security Administration
March 9, 2005
Return to memorandum | Return to list of memos |