Table 1b -- IA Assets & Contributions, OASI Benefit Changes, & Total Unified Budget Effect--Plus Cumulative General Fund Transfers1
Average IA Contribution 6.4%,
Benefit Offset 100.0%
With Ultimate Real Trust Fund Interest Rate 3.0
With Ultimate Real IA Net Yield Rate of 5.2
With Offset Annuity Net Yield Rate of 5.2
Year
IA +
Annuity
Balance
at
End of Year
Amount of
Contribution to IA:
% by Federal
Government
100
Cost to guarantee
OASDI + IA
benefits at
Present Law
Schedule
OASI
Benefit
Cut for IA
Participation
Cut in
Contribution
Rate for
Annual
Balance
Change
in Annual
Unified Budget
Cash Flow
Change
in Debt
Held by
the Public
(End of Year)
Change
in
Annual
Unified
Budget
Balance
 
Cumulative
Transfers
Based on
Federal
Spending
Slowdown1
Based on
Corporate
Tax
Recap1
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(Billions of Constant 2003$)
2004
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
 
0
0
2005
259.6
249.3
0.0
0.0
0.0
-249.3
256.9
-256.9
 
12
3
2006
556.1
271.3
0.0
0.0
0.0
-271.3
544.6
-295.0
 
49
12
2007
880.3
282.8
0.0
0.0
0.0
-282.8
853.0
-324.3
 
113
26
2008
1,233.3
293.8
0.0
0.0
0.0
-293.8
1,182.7
-354.4
 
206
46
2009
1,615.9
304.3
0.0
0.0
0.0
-304.3
1,533.1
-385.0
 
329
73
2010
2,029.3
314.4
0.0
0.0
0.0
-314.4
1,904.9
-416.3
 
484
108
2011
2,472.9
323.3
0.0
0.0
0.0
-323.3
2,296.8
-447.4
 
673
151
2012
2,944.8
331.3
0.6
0.7
0.0
-331.2
2,708.5
-478.6
 
897
203
2013
3,445.6
339.3
1.2
2.5
0.0
-338.0
3,139.5
-509.9
 
1,132
265
2014
3,975.5
346.9
2.0
5.1
0.0
-343.9
3,589.3
-541.2
 
1,377
337
2015
4,534.6
354.1
2.8
8.5
0.0
-348.4
4,056.9
-572.2
 
1,633
420
2016
5,122.4
360.4
3.7
13.7
0.0
-350.5
4,540.2
-601.5
 
1,900
515
2017
5,739.2
366.5
4.7
20.4
0.0
-350.8
5,037.8
-629.8
 
2,179
623
2018
6,385.8
372.4
5.7
28.3
0.0
-349.8
5,549.3
-658.2
 
2,470
744
2019
7,062.9
378.3
6.8
37.6
0.0
-347.6
6,073.7
-686.1
 
2,773
879
2020
7,770.6
384.2
8.0
48.4
0.0
-343.7
6,610.0
-713.2
 
3,088
1,031
2021
8,509.3
390.0
9.2
60.5
0.0
-338.7
7,157.1
-739.7
 
3,417
1,198
2022
9,279.2
395.8
10.5
73.8
0.0
-332.5
7,714.3
-765.7
 
3,760
1,384
2023
10,080.6
401.6
11.9
88.1
0.0
-325.4
8,280.9
-791.2
 
4,117
1,587
2024
10,913.6
407.5
13.3
103.8
0.0
-317.0
8,855.8
-816.1
 
4,488
1,811
2025
11,778.1
413.3
14.9
120.7
0.0
-307.5
9,438.3
-840.4
 
4,874
2,054
2026
12,674.2
419.1
16.5
138.8
0.0
-296.9
10,027.3
-863.9
 
5,276
2,320
2027
13,601.7
425.1
18.2
158.6
0.0
-284.7
10,621.3
-886.1
 
5,693
2,608
2028
14,560.4
431.1
19.8
180.1
0.0
-270.8
11,218.9
-906.9
 
6,128
2,921
2029
15,550.2
437.3
21.4
202.7
0.0
-256.0
11,819.1
-927.0
 
6,579
3,259
2030
16,570.6
443.6
23.0
226.5
0.0
-240.1
12,420.9
-946.1
 
7,049
3,623
2031
17,621.2
450.0
24.5
251.2
0.0
-223.3
13,023.6
-964.4
 
7,537
4,015
2032
18,701.3
456.6
26.0
277.0
0.0
-205.5
13,626.0
-981.7
 
8,044
4,436
2033
19,810.1
463.2
27.4
303.8
0.0
-186.9
14,227.2
-998.1
 
8,571
4,887
2034
20,946.7
469.9
28.8
331.4
0.0
-167.3
14,826.3
-1,013.5
 
9,118
5,370
2035
22,110.0
476.7
30.8
360.0
0.0
-147.5
15,423.0
-1,028.6
 
9,687
5,886
2036
23,298.7
483.5
32.7
389.5
0.0
-126.8
16,016.3
-1,042.5
 
10,277
6,436
2037
24,511.2
490.5
34.6
420.0
0.0
-105.1
16,605.1
-1,055.2
 
10,890
7,022
2038
25,746.1
497.4
36.4
451.4
0.0
-82.4
17,188.1
-1,066.7
 
11,526
7,645
2039
27,001.3
504.5
38.1
484.0
0.0
-58.6
17,764.2
-1,076.7
 
12,186
8,307
2040
28,274.8
511.6
39.7
517.8
0.0
-33.5
18,331.6
-1,084.8
 
12,871
9,009
2041
29,564.1
518.7
41.2
553.1
0.0
-6.8
18,888.5
-1,090.9
 
13,581
9,752
2042
30,866.7
525.9
42.5
590.1
0.0
21.6
19,432.9
-1,094.5
 
14,318
10,538
2043
32,179.5
533.1
43.8
628.7
0.0
51.8
19,962.5
-1,095.6
 
15,082
11,368
2044
33,499.4
540.4
44.8
669.3
0.0
84.0
20,474.8
-1,093.7
 
15,874
12,243
2045
34,822.6
547.7
46.7
711.6
0.0
117.2
20,968.4
-1,089.9
 
16,695
13,166
2046
36,148.3
555.1
48.4
755.9
0.0
152.4
21,440.4
-1,082.8
 
17,546
14,137
2047
37,472.5
562.4
50.0
801.9
0.0
189.5
21,888.4
-1,072.5
 
18,428
15,158
2048
38,790.5
569.9
51.4
849.1
0.0
227.8
22,310.5
-1,059.5
 
19,342
16,230
2049
40,091.3
577.4
52.9
897.4
0.0
267.1
22,704.7
-1,044.1
 
20,288
17,354
2050
41,371.4
585.0
54.2
946.6
0.0
307.5
23,069.2
-1,025.8
 
21,269
18,531
2051
42,630.5
592.6
55.0
996.7
0.0
349.1
23,401.7
-1,004.5
 
22,284
19,763
2052
43,865.5
600.4
55.6
1,047.1
0.0
391.2
23,700.8
-980.7
 
23,336
21,051
2053
45,089.1
608.2
55.2
1,096.9
0.0
433.5
23,965.4
-954.8
 
24,424
22,397
2054
46,300.2
616.2
54.5
1,146.1
0.0
475.4
24,194.6
-927.3
 
25,552
23,802
2055
47,497.8
624.2
55.5
1,194.5
6.6
508.2
24,397.0
-907.1
 
26,719
25,267
2056
48,681.0
632.4
56.2
1,242.3
32.1
521.5
24,591.7
-905.3
 
27,927
26,794
2057
49,849.2
640.8
56.9
1,289.3
56.8
534.8
24,778.6
-903.2
 
29,177
28,386
2058
51,001.6
649.2
57.3
1,334.8
80.5
547.7
24,957.8
-900.9
 
30,471
30,042
2059
52,137.9
657.8
57.6
1,378.7
103.0
560.4
25,129.4
-898.5
 
31,810
31,766
2060
53,257.7
666.5
57.6
1,421.2
124.2
572.9
25,293.2
-895.7
 
33,196
33,559
2061
54,360.8
675.3
57.5
1,462.4
144.2
585.4
25,449.0
-892.5
 
34,630
35,422
2062
55,447.2
684.2
57.2
1,502.9
163.2
598.3
25,596.2
-888.4
 
36,113
37,358
2063
56,517.0
693.1
56.7
1,542.7
181.0
611.9
25,733.9
-883.2
 
37,648
39,368
2064
57,570.7
702.2
56.0
1,581.4
197.5
625.6
25,861.5
-877.1
 
39,235
41,455
2065
58,608.8
711.4
57.0
1,619.4
211.3
639.7
25,978.5
-870.2
 
40,877
43,620
2066
59,631.8
720.7
57.9
1,656.9
224.2
654.1
26,084.1
-862.3
 
42,576
45,865
2067
60,640.7
730.0
58.7
1,694.2
236.3
669.1
26,177.4
-853.1
 
44,332
48,194
2068
61,636.5
739.5
59.4
1,731.5
247.9
684.6
26,257.6
-842.6
 
46,148
50,608
2069
62,620.4
749.1
60.1
1,768.1
258.6
700.4
26,323.9
-831.1
 
48,025
53,109
2070
63,593.4
758.7
60.7
1,804.4
268.5
716.6
26,375.6
-818.4
 
49,967
55,700
2071
64,557.1
768.5
61.2
1,840.3
277.6
733.1
26,411.8
-804.4
 
51,974
58,384
2072
65,512.8
778.3
61.6
1,875.9
286.1
749.8
26,431.9
-789.3
 
54,048
61,163
2073
66,461.9
788.3
61.9
1,911.2
294.1
766.9
26,434.9
-772.9
 
56,193
64,039
2074
67,405.9
798.3
62.2
1,946.2
301.5
784.2
26,420.3
-755.3
 
58,409
67,017
2075
68,346.2
808.5
62.4
1,981.1
308.5
801.7
26,387.1
-736.3
 
60,700
70,099
2076
69,284.2
818.8
62.6
2,015.9
315.1
819.5
26,334.7
-716.1
 
63,067
73,287
2077
70,221.1
829.2
62.6
2,050.6
321.4
837.3
26,262.2
-694.6
 
65,513
76,586
2078
71,158.2
839.7
62.7
2,085.2
327.4
855.5
26,169.0
-671.7
 
68,041
79,998
Based on Intermediate Assumptions of the 2003 Trustees Report.

1 General Fund Transfers to the Trust Funds have no effect on the Unified Budget. See memorandum for discussion.
 
Office of the Actuary
Social Security Administration
Revised -- December 8, 2003

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