Table 1e -- Comparison of Total Expected Plan Payments under Present Law and DeMint Proposal
Calendar
Year
Scheduled 1
Total OASDI
Benefits under
Present Law
 
Present Law
OASDI
Benefits
Expected to
be Payable 2
Expected Benefits Payable
under DeMint Proposal 3
 
Expected Payments As Percent of
Scheduled Present Law OASDI Benefits
Present Law
OASDI
Benefits
Expected to
be Payable 2
Expected Benefits Payable
under DeMint Proposal 3
From OASDI
Trust Funds
Total with IA
annuity 4
From OASDI
Trust Funds
Total with IA
annuity 4
Billions of Constant 2003 Dollars
 
Percent
2003
471
 
471
471
471
 
100
100
100
2004
480
 
480
480
480
 
100
100
100
2005
489
 
489
489
489
 
100
100
100
2006
499
 
499
499
499
 
100
100
100
2007
511
 
511
511
511
 
100
100
100
2008
526
 
526
526
526
 
100
100
100
2009
543
 
543
543
543
 
100
100
100
2010
561
 
561
561
561
 
100
100
100
2011
580
 
580
580
580
 
100
100
100
2012
601
 
601
599
601
 
100
100
100
2013
625
 
625
620
625
 
100
99
100
2014
650
 
650
641
650
 
100
99
100
2015
676
 
676
664
677
 
100
98
100
2016
704
 
704
688
705
 
100
98
100
2017
734
 
734
713
736
 
100
97
100
2018
766
 
766
738
768
 
100
96
100
2019
798
 
798
764
800
 
100
96
100
2020
832
 
832
790
834
 
100
95
100
2021
867
 
867
817
870
 
100
94
100
2022
902
 
902
843
905
 
100
93
100
2023
935
 
935
866
939
 
100
93
100
2024
969
 
969
888
973
 
100
92
100
2025
1,002
 
1,002
910
1,007
 
100
91
100
2026
1,035
 
1,035
929
1,040
 
100
90
101
2027
1,068
 
1,068
948
1,075
 
100
89
101
2028
1,100
 
1,100
965
1,108
 
100
88
101
2029
1,132
 
1,132
980
1,141
 
100
87
101
2030
1,162
 
1,162
993
1,173
 
100
85
101
2031
1,192
 
1,192
1,003
1,204
 
100
84
101
2032
1,220
 
1,220
1,010
1,235
 
100
83
101
2033
1,247
 
1,247
1,015
1,264
 
100
81
101
2034
1,273
 
1,273
1,018
1,292
 
100
80
101
2035
1,298
 
1,298
1,019
1,321
 
100
79
102
2036
1,322
 
1,322
1,019
1,350
 
100
77
102
2037
1,346
 
1,346
1,016
1,379
 
100
75
102
2038
1,368
 
1,368
1,011
1,408
 
100
74
103
2039
1,390
 
1,390
1,004
1,436
 
100
72
103
2040
1,412
 
1,412
995
1,465
 
100
70
104
2041
1,433
 
1,433
985
1,495
 
100
69
104
2042
1,456
 
1,371
973
1,527
 
94
67
105
2043
1,478
 
1,078
961
1,559
 
73
65
105
2044
1,501
 
1,093
948
1,593
 
73
63
106
2045
1,525
 
1,108
935
1,631
 
73
61
107
2046
1,550
 
1,124
924
1,671
 
72
60
108
2047
1,575
 
1,139
912
1,713
 
72
58
109
2048
1,601
 
1,154
899
1,756
 
72
56
110
2049
1,628
 
1,170
882
1,804
 
72
54
111
2050
1,655
 
1,185
866
1,853
 
72
52
112
2051
1,684
 
1,201
853
1,905
 
71
51
113
2052
1,713
 
1,217
841
1,960
 
71
49
114
2053
1,743
 
1,233
838
2,014
 
71
48
116
2054
1,774
 
1,250
836
2,069
 
70
47
117
2055
1,804
 
1,266
830
2,121
 
70
46
118
2056
1,836
 
1,283
825
2,174
 
70
45
118
2057
1,867
 
1,300
821
2,228
 
70
44
119
2058
1,898
 
1,318
818
2,282
 
69
43
120
2059
1,929
 
1,335
815
2,337
 
69
42
121
2060
1,961
 
1,353
814
2,392
 
69
42
122
2061
1,992
 
1,371
813
2,449
 
69
41
123
2062
2,024
 
1,390
815
2,506
 
69
40
124
2063
2,057
 
1,408
818
2,565
 
68
40
125
2064
2,090
 
1,427
823
2,625
 
68
39
126
2065
2,124
 
1,446
822
2,677
 
68
39
126
2066
2,158
 
1,465
822
2,730
 
68
38
127
2067
2,193
 
1,484
824
2,784
 
68
38
127
2068
2,229
 
1,503
827
2,838
 
67
37
127
2069
2,266
 
1,523
832
2,893
 
67
37
128
2070
2,303
 
1,543
839
2,948
 
67
36
128
2071
2,340
 
1,563
847
3,003
 
67
36
128
2072
2,378
 
1,583
856
3,059
 
67
36
129
2073
2,417
 
1,603
867
3,115
 
66
36
129
2074
2,456
 
1,624
880
3,171
 
66
36
129
2075
2,495
 
1,645
894
3,227
 
66
36
129
2076
2,535
 
1,666
909
3,284
 
66
36
130
2077
2,576
 
1,687
925
3,341
 
65
36
130
2078
2,616
 
1,709
942
3,399
 
65
36
130
1 Based on benefit formulas in the law, without regard to adequacy of financing.
2 Assuming that benefits would be reduced as needed starting in 2042.
3 Amount from Trust funds is net of benefit offset under the proposal.
4 IA annuity includes value of lump-sum distribution at retirement.
 
Office of the Chief Actuary
Social Security Administration
September 9, 2003

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