Table 2a1--IA/Annuity Assets, PRSA Contributions and PRSA Disbursement Under Three Sensitivity Illustrations
IA proceeds go to estate if worker dies before entitlement Ultimate Real Trust Fund Interest Rate 3.00 Ultimate Real PRSA Rate for Offset 3.70 Assumed PRSA Participation Rate 67%
Year
Invest 60% Stocks, 40% Corporate Bonds 1/
Invest All in Govt Bonds (2.7% Net Yield)
Invest 70% Stocks, 30% Corporate Bonds
IA/Annuity Assets, End of Year
PRSA Contributions in Year
PRSA Disbursements in Year 2/
IA/Annuity Assets, End of Year
PRSA Contributions in Year
PRSA Disbursements in Year 2/
IA/Annuity Assets, End of Year
PRSA Contributions in Year
PRSA Disbursements in Year 2/
(In Billions of Present Value Dollars as of 1/1/2003)
2003
2004
0
0.0
0.0
0
0.0
0.0
0
0.0
0.0
2005
80
79.8
0.0
80
79.8
0.0
81
79.8
0.0
2006
162
79.6
0.1
159
79.6
0.1
163
79.6
0.1
2007
245
79.2
0.2
237
79.2
0.2
245
79.2
0.2
2008
328
78.6
0.4
314
78.6
0.4
329
78.6
0.4
2009
411
77.9
0.7
391
77.9
0.7
414
77.9
0.7
2010
495
77.2
1.1
465
77.2
1.1
499
77.2
1.1
2011
579
76.3
1.5
538
76.3
1.5
584
76.3
1.5
2012
662
75.4
2.0
610
75.4
2.0
670
75.4
2.0
2013
746
74.5
2.6
680
74.5
2.6
755
74.5
2.6
2014
829
73.6
3.2
748
73.6
3.2
841
73.6
3.2
2015
912
72.6
3.9
814
72.6
3.9
926
72.6
3.9
2016
994
71.6
4.7
878
71.6
4.7
1,011
71.6
4.7
2017
1,076
70.6
5.6
940
70.6
5.6
1,096
70.6
5.6
2018
1,157
69.6
6.5
1,000
69.6
6.4
1,180
69.6
6.5
2019
1,237
68.6
7.5
1,058
68.6
7.3
1,263
68.6
7.6
2020
1,316
67.6
8.6
1,114
67.6
8.3
1,346
67.6
8.7
2021
1,394
66.7
9.8
1,167
66.7
9.2
1,428
66.7
9.8
2022
1,471
65.7
11.0
1,218
65.7
10.2
1,509
65.7
11.1
2023
1,547
64.7
12.3
1,267
64.7
11.3
1,589
64.7
12.4
2024
1,621
63.7
13.6
1,314
63.7
12.3
1,668
63.7
13.8
2025
1,694
62.8
15.1
1,359
62.8
13.4
1,745
62.8
15.3
2026
1,770
67.3
16.6
1,406
67.3
14.5
1,827
67.3
16.8
2027
1,845
66.3
18.1
1,452
66.3
15.6
1,906
66.3
18.5
2028
1,918
65.3
19.8
1,495
65.3
16.8
1,985
65.3
20.2
2029
1,990
64.4
21.4
1,535
64.4
18.0
2,061
64.4
22.0
2030
2,059
63.4
23.2
1,573
63.4
19.2
2,136
63.4
23.8
2031
2,126
62.5
25.0
1,609
62.5
20.4
2,209
62.5
25.7
2032
2,191
61.6
26.9
1,642
61.6
21.6
2,279
61.6
27.7
2033
2,254
60.7
28.8
1,673
60.7
22.8
2,348
60.7
29.8
2034
2,314
59.8
30.8
1,702
59.8
24.0
2,414
59.8
31.9
2035
2,372
58.9
32.9
1,728
58.9
25.2
2,478
58.9
34.1
2036
2,427
58.0
35.0
1,752
58.0
26.4
2,539
58.0
36.3
2037
2,480
57.2
37.1
1,774
57.2
27.7
2,598
57.2
38.6
2038
2,529
56.3
39.3
1,794
56.3
28.9
2,653
56.3
40.9
2039
2,589
68.9
41.5
1,824
68.9
30.1
2,719
68.9
43.3
2040
2,655
76.7
43.8
1,861
76.7
31.3
2,791
76.7
45.8
2041
2,726
84.2
46.1
1,904
84.2
32.5
2,868
84.2
48.3
2042
2,807
95.7
48.5
1,957
95.7
33.7
2,954
95.7
50.9
2043
2,896
106.9
51.0
2,019
106.9
35.0
3,049
106.9
53.6
2044
2,994
117.6
53.5
2,090
117.6
36.3
3,152
117.6
56.4
2045
3,100
128.0
56.2
2,170
128.0
37.6
3,264
128.0
59.3
2046
3,211
134.0
58.8
2,255
134.0
39.0
3,380
134.0
62.2
2047
3,318
131.8
61.4
2,335
131.8
40.3
3,492
131.8
65.0
2048
3,421
129.7
64.0
2,411
129.7
41.7
3,601
129.7
67.9
2049
3,521
127.6
66.5
2,484
127.6
43.0
3,707
127.6
70.6
2050
3,617
125.5
69.0
2,552
125.5
44.3
3,809
125.5
73.4
2051
3,710
123.4
71.5
2,617
123.4
45.7
3,907
123.4
76.1
2052
3,799
121.4
74.0
2,678
121.4
47.0
4,002
121.4
78.8
2053
3,884
119.4
76.4
2,736
119.4
48.3
4,093
119.4
81.5
2054
3,966
117.4
78.8
2,790
117.4
49.6
4,181
117.4
84.1
2055
4,045
115.5
81.1
2,840
115.5
50.8
4,265
115.5
86.6
2056
4,120
113.6
83.4
2,887
113.6
52.1
4,346
113.6
89.2
2057
4,192
111.8
85.7
2,931
111.8
53.4
4,423
111.8
91.6
2058
4,261
110.0
87.9
2,971
110.0
54.6
4,497
110.0
94.1
2059
4,326
108.2
90.1
3,008
108.2
55.8
4,568
108.2
96.5
2060
4,387
106.4
92.3
3,041
106.4
57.0
4,635
106.4
98.9
2061
4,446
104.7
94.4
3,072
104.7
58.1
4,699
104.7
101.2
2062
4,501
103.0
96.5
3,099
103.0
59.3
4,760
103.0
103.5
2063
4,553
101.3
98.5
3,123
101.3
60.4
4,817
101.3
105.7
2064
4,602
99.6
100.5
3,145
99.6
61.5
4,872
99.6
107.9
2065
4,652
98.0
102.5
3,163
98.0
62.6
4,928
98.0
110.0
2066
4,699
96.4
104.5
3,179
96.4
63.6
4,982
96.4
112.1
2067
4,743
94.8
106.3
3,191
94.8
64.7
5,032
94.8
114.2
2068
4,783
93.2
108.2
3,201
93.2
65.6
5,079
93.2
116.2
2069
4,821
91.7
110.0
3,209
91.7
66.6
5,124
91.7
118.2
2070
4,856
90.2
111.8
3,214
90.2
67.5
5,165
90.2
120.2
2071
4,888
88.7
113.5
3,216
88.7
68.4
5,203
88.7
122.1
2072
4,916
87.2
115.2
3,215
87.2
69.3
5,238
87.2
123.9
2073
4,942
85.7
116.9
3,213
85.7
70.1
5,270
85.7
125.8
2074
4,965
84.3
118.6
3,208
84.3
71.0
5,299
84.3
127.6
2075
4,984
82.9
120.2
3,200
82.9
71.7
5,325
82.9
129.4
2076
5,001
81.5
121.8
3,191
81.5
72.5
5,348
81.5
131.1
2077
5,014
80.1
123.4
3,179
80.1
73.2
5,368
80.1
132.9
Based on Intermediate Assumptions of the 2003 Trustees Report. 1/ Reflects the assumed actual yield rate for PRSA accounts under the proposal. 2/ Excludes proceeds of PRSAs that go to the worker's estate if the worker dies before entitlement.
Office of the Chief Actuary Social Security Administration September 9, 2003