Table 1d -- Ferrara Proposal --Specified and Total General Fund Transfers to the OASDI Trust Funds
Year
Projected
GDP
Projected
GDP
with
1% less
growth for
2005-2012
Specified General
Fund Transfers:
Cut in Federal
Government
spending assumed
= 20% of difference
{(1)-(2)}
Transfer
from General
Fund to Trust
Fund for
Corporate Tax
Recapture
Specified
Reverse Transfer
Trust Fund to
General Fund, for
Annual Balance1
Cumulative
Net Transfer
from the
General Fund
= (3)+(4)-(5)
 
Proposal Net Annual Transfers
from the General Fund
to the Trust Fund
Billions of Present
Value Dollars 1/1/2003
= (3)+(4)-(5)
Percent
of GDP
Percent
of Payroll
(Billions of Present Value Dollars 1/1/2003)
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
2004
10,531
10,531
0
0
 
0
 
0
0.0
0.0
2005
10,494
10,441
11
3
 
14
 
14
0.1
0.3
2006
10,456
10,299
31
7
 
52
 
38
0.4
0.9
2007
10,407
10,149
52
11
 
115
 
63
0.6
1.5
2008
10,334
9,977
71
16
 
202
 
87
0.8
2.1
2009
10,247
9,794
91
20
 
313
 
111
1.1
2.7
2010
10,150
9,604
109
25
 
446
 
134
1.3
3.3
2011
10,047
9,412
127
29
 
602
 
156
1.6
3.9
2012
9,935
9,214
144
34
 
780
 
178
1.8
4.6
2013
9,818
9,105
143
38
 
961
 
181
1.8
4.7
2014
9,696
8,992
141
43
 
1,144
 
184
1.9
4.8
2015
9,571
8,876
139
47
 
1,331
 
186
1.9
5.0
2016
9,443
8,757
137
52
 
1,520
 
189
2.0
5.1
2017
9,319
8,643
135
56
 
1,711
 
192
2.1
5.3
2018
9,195
8,527
134
61
 
1,905
 
194
2.1
5.4
2019
9,074
8,415
132
65
 
2,102
 
197
2.2
5.6
2020
8,951
8,301
130
70
 
2,302
 
200
2.2
5.7
2021
8,830
8,189
128
74
 
2,505
 
202
2.3
5.9
2022
8,709
8,077
126
79
 
2,710
 
205
2.4
6.1
2023
8,589
7,965
125
83
 
2,917
 
208
2.4
6.3
2024
8,469
7,854
123
87
 
3,128
 
210
2.5
6.4
2025
8,350
7,744
121
91
 
3,340
 
213
2.5
6.6
2026
8,234
7,636
120
95
 
3,555
 
215
2.6
6.8
2027
8,120
7,531
118
99
 
3,773
 
217
2.7
7.0
2028
8,009
7,428
116
103
 
3,992
 
220
2.7
7.2
2029
7,900
7,327
115
107
3.2
4,211
 
219
2.8
7.2
2030
7,793
7,228
113
111
11.5
4,423
 
212
2.7
7.2
2031
7,689
7,131
112
114
20.4
4,629
 
206
2.7
7.0
2032
7,586
7,035
110
118
29.7
4,827
 
198
2.6
6.9
2033
7,484
6,941
109
121
39.7
5,017
 
190
2.5
6.7
2034
7,384
6,848
107
124
50.0
5,199
 
181
2.5
6.5
2035
7,285
6,756
106
127
60.5
5,371
 
173
2.4
6.3
2036
7,187
6,665
104
130
71.0
5,535
 
164
2.3
6.0
2037
7,090
6,575
103
133
81.7
5,689
 
154
2.2
5.8
2038
6,994
6,486
102
135
92.5
5,833
 
144
2.1
5.5
2039
6,899
6,398
100
138
103.3
5,968
 
135
2.0
5.2
2040
6,804
6,310
99
140
114.0
6,093
 
125
1.8
4.9
2041
6,710
6,223
97
142
124.5
6,208
 
115
1.7
4.6
2042
6,617
6,136
96
144
135.0
6,313
 
105
1.6
4.3
2043
6,524
6,050
95
146
145.0
6,408
 
95
1.5
3.9
2044
6,432
5,965
93
147
154.8
6,494
 
86
1.3
3.6
2045
6,340
5,880
92
148
164.2
6,570
 
76
1.2
3.2
2046
6,249
5,796
91
149
173.2
6,637
 
67
1.1
2.9
2047
6,159
5,712
89
150
181.8
6,695
 
58
0.9
2.5
2048
6,070
5,629
88
151
190.0
6,743
 
49
0.8
2.2
2049
5,982
5,548
87
151
197.5
6,784
 
40
0.7
1.8
2050
5,895
5,467
86
151
204.5
6,816
 
32
0.5
1.5
2051
5,809
5,387
84
151
211.0
6,841
 
25
0.4
1.2
2052
5,724
5,308
83
151
216.8
6,858
 
17
0.3
0.8
2053
5,640
5,230
82
150
222.0
6,868
 
10
0.2
0.5
2054
5,558
5,154
81
150
226.4
6,873
 
4
0.1
0.2
2055
5,476
5,079
80
149
228.7
6,873
 
0
0.0
0.0
2056
5,397
5,005
78
148
226.7
6,873
 
0
0.0
0.0
2057
5,319
4,932
77
147
224.6
6,873
 
0
0.0
0.0
2058
5,242
4,861
76
146
222.4
6,873
 
0
0.0
0.0
2059
5,166
4,791
75
145
220.2
6,873
 
0
0.0
0.0
2060
5,091
4,721
74
144
217.8
6,873
 
0
0.0
0.0
2061
5,017
4,653
73
142
215.3
6,873
 
0
0.0
0.0
2062
4,944
4,585
72
141
212.8
6,873
 
0
0.0
0.0
2063
4,873
4,519
71
139
210.2
6,873
 
0
0.0
0.0
2064
4,802
4,453
70
138
207.6
6,873
 
0
0.0
0.0
2065
4,732
4,388
69
136
204.9
6,873
 
0
0.0
0.0
2066
4,663
4,324
68
134
202.2
6,873
 
0
0.0
0.0
2067
4,594
4,261
67
133
199.4
6,873
 
0
0.0
0.0
2068
4,527
4,198
66
131
196.6
6,873
 
0
0.0
0.0
2069
4,460
4,136
65
129
193.8
6,873
 
0
0.0
0.0
2070
4,394
4,075
64
127
191.0
6,873
 
0
0.0
0.0
2071
4,329
4,015
63
125
188.2
6,873
 
0
0.0
0.0
2072
4,265
3,955
62
123
185.4
6,873
 
0
0.0
0.0
2073
4,202
3,897
61
122
182.6
6,873
 
0
0.0
0.0
2074
4,139
3,839
60
120
179.8
6,873
 
0
0.0
0.0
2075
4,078
3,782
59
118
177.0
6,873
 
0
0.0
0.0
2076
4,017
3,725
58
116
174.2
6,873
 
0
0.0
0.0
2077
3,957
3,670
57
114
171.5
6,873
 
0
0.0
0.0
2078
3,898
3,615
57
112
168.8
6,873
 
0
0.0
0.0
Total: 2003-77
 
 
6,791
7,939
7,857.4
 
 
 
 
 
Based on Intermediate Assumptions of the 2003 Trustees Report.

1 Limit reverse transfer to total of specified and recapture transfers.
 
Office of the Actuary
Social Security Administration
December 1, 2003

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