Table 2d -- Ferrara Proposal --Specified and Total General Fund Transfers to the OASDI Trust Funds
Year
Projected
GDP
Projected
GDP
with
1% less
growth for
2005-2015
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
2
 
13
 
13
0.1
0.3
2006
10,456
10,299
31
5
 
49
 
36
0.3
0.9
2007
10,407
10,149
52
7
 
107
 
58
0.6
1.4
2008
10,334
9,977
71
9
 
188
 
81
0.8
2.0
2009
10,247
9,794
91
11
 
290
 
102
1.0
2.5
2010
10,150
9,604
109
14
 
412
 
123
1.2
3.1
2011
10,047
9,412
127
16
 
555
 
143
1.4
3.6
2012
9,935
9,214
144
18
 
717
 
162
1.6
4.1
2013
9,818
9,014
161
20
 
898
 
181
1.8
4.7
2014
9,696
8,813
177
22
 
1,097
 
199
2.0
5.2
2015
9,571
8,612
192
24
 
1,312
 
216
2.3
5.8
2016
9,443
8,497
189
26
 
1,527
 
215
2.3
5.8
2017
9,319
8,386
187
28
 
1,741
 
214
2.3
5.9
2018
9,195
8,274
184
29
 
1,955
 
213
2.3
6.0
2019
9,074
8,165
182
31
 
2,168
 
213
2.3
6.0
2020
8,951
8,055
179
33
 
2,380
 
212
2.4
6.1
2021
8,830
7,946
177
34
 
2,591
 
211
2.4
6.2
2022
8,709
7,837
174
36
 
2,801
 
210
2.4
6.2
2023
8,589
7,729
172
37
 
3,011
 
209
2.4
6.3
2024
8,469
7,621
170
39
 
3,219
 
208
2.5
6.4
2025
8,350
7,514
167
40
 
3,426
 
207
2.5
6.5
2026
8,234
7,409
165
41
 
3,632
 
206
2.5
6.5
2027
8,120
7,307
163
42
 
3,837
 
205
2.5
6.6
2028
8,009
7,207
160
43
 
4,041
 
204
2.5
6.7
2029
7,900
7,109
158
44
 
4,244
 
203
2.6
6.7
2030
7,793
7,013
156
45
 
4,446
 
202
2.6
6.8
2031
7,689
6,919
154
46
 
4,646
 
200
2.6
6.8
2032
7,586
6,826
152
47
 
4,845
 
199
2.6
6.9
2033
7,484
6,735
150
48
 
5,043
 
198
2.6
7.0
2034
7,384
6,645
148
48
 
5,239
 
196
2.7
7.0
2035
7,285
6,555
146
49
2.5
5,431
 
192
2.6
7.0
2036
7,187
6,467
144
49
9
5,616
 
184
2.6
6.8
2037
7,090
6,380
142
50
15.7
5,792
 
176
2.5
6.6
2038
6,994
6,294
140
50
22.4
5,960
 
168
2.4
6.4
2039
6,899
6,208
138
51
29.2
6,119
 
160
2.3
6.2
2040
6,804
6,123
136
51
36.0
6,270
 
151
2.2
5.9
2041
6,710
6,038
134
51
42.5
6,413
 
143
2.1
5.7
2042
6,617
5,954
133
51
49.3
6,548
 
134
2.0
5.4
2043
6,524
5,870
131
51
55.6
6,674
 
126
1.9
5.2
2044
6,432
5,788
129
51
62.0
6,792
 
118
1.8
4.9
2045
6,340
5,705
127
51
68.0
6,902
 
110
1.7
4.7
2046
6,249
5,623
125
51
74.0
7,004
 
102
1.6
4.4
2047
6,159
5,542
123
51
79.7
7,098
 
94
1.5
4.1
2048
6,070
5,462
122
50
85.0
7,185
 
87
1.4
3.9
2049
5,982
5,383
120
50
90.0
7,265
 
80
1.3
3.6
2050
5,895
5,305
118
50
94.5
7,338
 
73
1.2
3.4
2051
5,809
5,227
116
49
98.5
7,405
 
67
1.2
3.1
2052
5,724
5,150
115
49
102.3
7,466
 
61
1.1
2.9
2053
5,640
5,075
113
48
106.0
7,522
 
55
1.0
2.7
2054
5,558
5,001
111
48
109.0
7,572
 
50
0.9
2.5
2055
5,476
4,928
110
47
111.8
7,617
 
45
0.8
2.3
2056
5,397
4,856
108
47
114.3
7,658
 
41
0.8
2.1
2057
5,319
4,786
107
46
116.2
7,694
 
37
0.7
1.9
2058
5,242
4,717
105
46
118.0
7,727
 
33
0.6
1.7
2059
5,166
4,648
103
45
119.2
7,756
 
29
0.6
1.6
2060
5,091
4,581
102
45
120.0
7,783
 
26
0.5
1.4
2061
5,017
4,515
100
44
120.4
7,807
 
24
0.5
1.3
2062
4,944
4,449
99
43
120.6
7,829
 
22
0.4
1.2
2063
4,873
4,385
98
43
120.5
7,848
 
20
0.4
1.1
2064
4,802
4,321
96
42
120.0
7,867
 
18
0.4
1.1
2065
4,732
4,258
95
41
119.5
7,883
 
17
0.4
1.0
2066
4,663
4,196
93
41
118.8
7,899
 
15
0.3
0.9
2067
4,594
4,134
92
40
117.8
7,913
 
14
0.3
0.9
2068
4,527
4,073
91
40
116.8
7,927
 
13
0.3
0.8
2069
4,460
4,014
89
39
115.8
7,939
 
12
0.3
0.8
2070
4,394
3,954
88
38
114.5
7,951
 
12
0.3
0.8
2071
4,329
3,896
87
38
113.2
7,962
 
11
0.3
0.7
2072
4,265
3,838
85
37
111.8
7,973
 
11
0.3
0.7
2073
4,202
3,781
84
37
110.3
7,983
 
10
0.2
0.7
2074
4,139
3,725
83
36
108.8
7,993
 
10
0.2
0.7
2075
4,078
3,669
82
35
107.3
8,003
 
10
0.2
0.7
2076
4,017
3,615
80
35
105.7
8,012
 
10
0.2
0.7
2077
3,957
3,561
79
34
104.1
8,022
 
9
0.2
0.7
2078
3,898
3,508
78
34
102.5
8,031
 
9
0.2
0.7
Total: 2003-77
 
 
9,073
2,826
3,979.1
 
 
 
 
 
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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