Table 3a1--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 100%
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
121
119.7
0.0
120
119.7
0.0
121
119.7
0.0
2006
243
119.4
0.1
238
119.4
0.1
244
119.4
0.1
2007
367
118.7
0.3
356
118.7
0.3
368
118.7
0.3
2008
491
117.9
0.6
472
117.9
0.6
494
117.9
0.6
2009
617
116.9
1.1
586
116.9
1.1
621
116.9
1.1
2010
742
115.8
1.6
698
115.8
1.6
748
115.8
1.6
2011
868
114.5
2.2
808
114.5
2.2
876
114.5
2.2
2012
994
113.1
3.0
915
113.1
3.0
1,004
113.1
3.0
2013
1,119
111.7
3.9
1,020
111.7
3.9
1,133
111.7
3.9
2014
1,244
110.3
4.8
1,122
110.3
4.8
1,261
110.3
4.8
2015
1,368
108.9
5.9
1,221
108.9
5.9
1,389
108.9
5.9
2016
1,492
107.4
7.1
1,317
107.4
7.1
1,517
107.4
7.1
2017
1,614
105.9
8.4
1,410
105.9
8.4
1,644
105.9
8.4
2018
1,736
104.4
9.8
1,500
104.4
9.7
1,770
104.4
9.8
2019
1,856
102.9
11.3
1,587
102.9
11.0
1,895
102.9
11.3
2020
1,974
101.4
12.9
1,670
101.4
12.4
2,019
101.4
13.0
2021
2,092
100.0
14.7
1,751
100.0
13.8
2,142
100.0
14.8
2022
2,207
98.5
16.5
1,828
98.5
15.3
2,264
98.5
16.6
2023
2,320
97.0
18.4
1,901
97.0
16.9
2,384
97.0
18.6
2024
2,432
95.6
20.5
1,971
95.6
18.5
2,502
95.6
20.7
2025
2,541
94.2
22.6
2,038
94.2
20.1
2,618
94.2
22.9
2026
2,656
100.9
24.8
2,110
100.9
21.8
2,740
100.9
25.3
2027
2,768
99.4
27.2
2,178
99.4
23.5
2,860
99.4
27.7
2028
2,877
98.0
29.6
2,242
98.0
25.2
2,977
98.0
30.3
2029
2,984
96.5
32.2
2,303
96.5
26.9
3,092
96.5
32.9
2030
3,088
95.1
34.8
2,360
95.1
28.7
3,204
95.1
35.7
2031
3,189
93.7
37.5
2,414
93.7
30.5
3,313
93.7
38.6
2032
3,286
92.4
40.4
2,464
92.4
32.4
3,419
92.4
41.6
2033
3,380
91.1
43.3
2,510
91.1
34.2
3,522
91.1
44.7
2034
3,471
89.7
46.3
2,553
89.7
36.0
3,621
89.7
47.8
2035
3,558
88.4
49.3
2,593
88.4
37.8
3,717
88.4
51.1
2036
3,641
87.1
52.5
2,629
87.1
39.7
3,809
87.1
54.5
2037
3,719
85.8
55.7
2,661
85.8
41.5
3,896
85.8
57.9
2038
3,794
84.5
58.9
2,690
84.5
43.3
3,980
84.5
61.4
2039
3,871
89.9
62.3
2,723
89.9
45.1
4,066
89.9
65.0
2040
3,949
93.8
65.7
2,757
93.8
46.9
4,152
93.8
68.7
2041
4,027
97.6
69.1
2,793
97.6
48.7
4,239
97.6
72.5
2042
4,105
101.2
72.7
2,830
101.2
50.4
4,325
101.2
76.3
2043
4,183
104.7
76.3
2,868
104.7
52.2
4,412
104.7
80.3
2044
4,261
108.0
79.9
2,908
108.0
54.0
4,498
108.0
84.3
2045
4,339
111.2
83.7
2,949
111.2
55.8
4,584
111.2
88.4
2046
4,416
114.2
87.3
2,990
114.2
57.5
4,668
114.2
92.4
2047
4,492
117.1
90.8
3,033
117.1
59.1
4,752
117.1
96.3
2048
4,568
119.9
94.2
3,076
119.9
60.6
4,836
119.9
100.1
2049
4,644
122.5
97.5
3,121
122.5
62.1
4,919
122.5
103.7
2050
4,719
125.0
100.7
3,166
125.0
63.5
5,001
125.0
107.2
2051
4,794
127.4
103.7
3,211
127.4
64.8
5,082
127.4
110.7
2052
4,869
129.7
106.7
3,258
129.7
66.1
5,163
129.7
113.9
2053
4,943
131.9
109.5
3,305
131.9
67.3
5,244
131.9
117.1
2054
5,017
133.9
112.2
3,352
133.9
68.5
5,324
133.9
120.2
2055
5,091
135.9
114.9
3,401
135.9
69.6
5,403
135.9
123.1
2056
5,164
137.8
117.4
3,449
137.8
70.7
5,483
137.8
125.9
2057
5,238
139.5
119.8
3,498
139.5
71.8
5,562
139.5
128.6
2058
5,311
141.2
122.1
3,547
141.2
72.8
5,640
141.2
131.3
2059
5,384
142.8
124.4
3,597
142.8
73.8
5,719
142.8
133.8
2060
5,457
144.3
126.5
3,647
144.3
74.8
5,797
144.3
136.2
2061
5,530
145.7
128.6
3,697
145.7
75.7
5,876
145.7
138.5
2062
5,603
147.1
130.6
3,747
147.1
76.7
5,954
147.1
140.8
2063
5,677
148.3
132.5
3,797
148.3
77.7
6,032
148.3
142.9
2064
5,750
149.4
134.4
3,847
149.4
78.6
6,111
149.4
145.0
2065
5,825
147.0
136.2
3,893
147.0
79.5
6,192
147.0
147.0
2066
5,897
144.6
138.0
3,935
144.6
80.5
6,271
144.6
149.0
2067
5,967
142.2
139.7
3,975
142.2
81.4
6,347
142.2
150.8
2068
6,033
139.9
141.3
4,010
139.9
82.3
6,420
139.9
152.6
2069
6,096
137.5
142.9
4,042
137.5
83.2
6,490
137.5
154.3
2070
6,156
135.3
144.4
4,071
135.3
84.1
6,557
135.3
156.0
2071
6,213
133.0
145.9
4,096
133.0
85.0
6,621
133.0
157.6
2072
6,268
130.8
147.3
4,118
130.8
85.9
6,683
130.8
159.2
2073
6,319
128.6
148.8
4,137
128.6
86.7
6,742
128.6
160.7
2074
6,368
126.4
150.2
4,153
126.4
87.6
6,798
126.4
162.2
2075
6,414
124.3
151.5
4,165
124.3
88.4
6,851
124.3
163.7
2076
6,456
122.2
152.9
4,175
122.2
89.3
6,901
122.2
165.2
2077
6,496
120.2
154.3
4,181
120.2
90.1
6,949
120.2
166.7
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