Table 1--Financial Effects of the Bipartisan Retirement Security Act 1
IA proceeds go to estate if worker dies before entitlement

Ultimate Real Trust Fund Interest Rate 3.00
Ultimate Real IA Yield Rate 4.45
Ultimate Real Annuity Yield Rate 3.00
Year
OASDI
Trust Fund Ratio
1-1-year
Specified
General Fund
Transfers under
Provision 4
(Billions of
Present Value
Dollars as of
January 1, 2003)
Net
OASDI
Payroll Tax
Rate
IA
Contribution
Rate
(All from
Trust Funds)
Cost
Rate
Income
Rate 2
Annual
Balance
2003
10.89
12.70
1.81
288
0.00
12.40
 
2004
10.66
12.69
2.03
311
0.00
12.40
 
2005
10.35
12.71
2.36
339
0.02
12.40
 
2006
10.24
10.66
0.42
364
0.04
10.41
1.99
2007
10.11
10.78
0.67
373
0.10
10.38
2.02
2008
10.03
10.78
0.75
383
0.12
10.35
2.05
2009
10.07
10.76
0.69
392
0.13
10.32
2.08
2010
10.14
10.84
0.70
400
0.20
10.29
2.11
2011
10.23
10.92
0.69
407
0.24
10.27
2.13
2012
10.35
11.00
0.65
414
0.29
10.25
2.15
2013
10.52
11.07
0.55
419
0.33
10.23
2.17
2014
10.69
11.10
0.41
423
0.33
10.21
2.19
2015
10.88
11.13
0.25
425
0.33
10.20
2.20
2016
11.09
11.17
0.08
425
0.33
10.19
2.21
2017
11.32
11.21
-0.10
424
0.33
10.18
2.22
2018
11.55
11.27
-0.29
421
0.33
10.17
2.23
2019
11.79
11.38
-0.41
416
0.39
10.16
2.24
2020
12.03
11.40
-0.63
411
0.39
10.16
2.24
2021
12.27
11.42
-0.84
404
0.39
10.15
2.25
2022
12.50
11.45
-1.05
396
0.39
10.14
2.26
2023
12.69
11.47
-1.22
388
0.39
10.14
2.26
2024
12.88
11.49
-1.39
379
0.39
10.13
2.27
2025
13.06
11.52
-1.54
369
0.39
10.13
2.27
2026
13.21
11.54
-1.67
359
0.39
10.13
2.27
2027
13.35
11.56
-1.79
349
0.39
10.13
2.27
2028
13.47
11.59
-1.88
338
0.39
10.13
2.27
2029
13.56
11.61
-1.95
327
0.39
10.13
2.27
2030
13.63
11.63
-2.00
317
0.39
10.13
2.27
2031
13.66
11.64
-2.02
306
0.39
10.13
2.27
2032
13.68
11.66
-2.02
296
0.39
10.13
2.27
2033
13.67
11.67
-2.00
286
0.39
10.13
2.27
2034
13.65
11.68
-1.97
276
0.39
10.13
2.27
2035
13.61
11.69
-1.92
267
0.39
10.13
2.27
2036
13.56
11.70
-1.86
259
0.39
10.13
2.27
2037
13.49
11.71
-1.78
250
0.39
10.13
2.27
2038
13.42
11.72
-1.70
242
0.39
10.13
2.27
2039
13.34
11.72
-1.61
235
0.39
10.13
2.27
2040
13.25
11.73
-1.52
228
0.39
10.13
2.27
2041
13.16
11.73
-1.42
222
0.39
10.13
2.27
2042
13.07
11.74
-1.33
216
0.39
10.13
2.27
2043
12.98
11.83
-1.15
211
0.47
10.13
2.27
2044
12.89
11.83
-1.06
207
0.47
10.13
2.27
2045
12.81
11.84
-0.97
204
0.47
10.13
2.27
2046
12.73
11.85
-0.89
201
0.47
10.13
2.27
2047
12.66
11.85
-0.81
198
0.47
10.13
2.27
2048
12.59
11.86
-0.73
196
0.47
10.13
2.27
2049
12.53
11.88
-0.65
195
0.47
10.13
2.27
2050
12.47
11.89
-0.58
194
0.47
10.13
2.27
2051
12.42
11.90
-0.53
193
0.47
10.13
2.27
2052
12.39
11.91
-0.47
193
0.47
10.13
2.27
2053
12.36
11.93
-0.43
192
0.47
10.13
2.27
2054
12.33
11.94
-0.39
193
0.47
10.13
2.27
2055
12.31
11.95
-0.36
193
0.47
10.13
2.27
2056
12.29
11.96
-0.33
194
0.47
10.13
2.27
2057
12.27
11.97
-0.30
194
0.47
10.13
2.27
2058
12.25
11.98
-0.27
196
0.47
10.13
2.27
2059
12.23
11.99
-0.24
197
0.47
10.13
2.27
2060
12.21
12.00
-0.21
199
0.47
10.13
2.27
2061
12.19
12.00
-0.18
200
0.47
10.13
2.27
2062
12.17
12.01
-0.16
203
0.47
10.13
2.27
2063
12.16
12.12
-0.04
205
0.57
10.13
2.27
2064
12.15
12.13
-0.03
208
0.57
10.13
2.27
2065
12.15
12.13
-0.01
211
0.57
10.13
2.27
2066
12.15
12.14
-0.01
215
0.57
10.13
2.27
2067
12.15
12.15
0.00
218
0.57
10.13
2.27
2068
12.15
12.15
0.00
222
0.57
10.13
2.27
2069
12.16
12.16
0.00
225
0.57
10.13
2.27
2070
12.17
12.17
-0.01
229
0.57
10.13
2.27
2071
12.18
12.17
-0.01
232
0.57
10.13
2.27
2072
12.20
12.18
-0.02
236
0.57
10.13
2.27
2073
12.21
12.18
-0.03
239
0.57
10.13
2.27
2074
12.23
12.19
-0.04
243
0.57
10.13
2.27
2075
12.24
12.19
-0.05
246
0.57
10.13
2.27
2076
12.26
12.20
-0.06
250
0.57
10.13
2.27
2077
12.28
12.20
-0.08
253
0.57
10.13
2.27
2078
12.30
12.21
-0.09
257
0.57
10.13
2.27
2003-2077
Summarized
Change in
Actuarial
Balance
 
 
 
Cost
Rate
Income
Rate
Actuarial
Balance
 
 
 
12.16
12.29
0.14
2.05
 
 
 
Based on Intermediate Assumptions of the 2003 Trustees Report.

1 All workers under 55 at the beginning of 2006 would invest 3% of taxable earnings up to
$10,000 and 2% of earnings greater than $10,000 into individual accounts ($10,000 wage-indexed after 2006).
2 Includes specified general fund transfers (provision 4).
 
Office of the Chief Actuary
Social Security Administration
February 11, 2004

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