IA Contribution 6.4%,
Benefit Offset 100.0% With Ultimate Real Trust Fund Interest Rate of 3.0 With Ultimate Real IA Net Yield Rate of 5.2 With Annuity Net Yield Rate of 5.2 Corporate Tax to Trust Fund as Percent of Pretax IA Real Yield 23.9 |
|||||||||
---|---|---|---|---|---|---|---|---|---|
Year
|
Cost
Rate |
Income
Rate1 |
Annual
Balance |
Trust
Fund Ratio 1-1-Year |
Net General Fund
Transfers to Trust Fund1 (Percent of Payroll) |
Change in
OASDI Effective Contribution Rate |
Effective
OASDI Contribution Rate2 |
Cut in
Contribution Rate for Annual Balance |
IA Contribution
Rate---Redirected from Payroll Tax |
2003
|
10.89
|
12.70
|
1.81
|
288
|
|
|
12.40
|
|
0
|
2004
|
10.82
|
12.69
|
1.88
|
309
|
|
|
12.40
|
|
0
|
2005
|
10.73
|
7.64
|
-3.10
|
330
|
0.32
|
-5.38
|
7.02
|
|
5.38
|
2006
|
10.65
|
7.92
|
-2.74
|
305
|
0.92
|
-0.32
|
6.69
|
|
5.71
|
2007
|
10.67
|
8.42
|
-2.24
|
282
|
1.52
|
-0.11
|
6.59
|
|
5.81
|
2008
|
10.73
|
8.94
|
-1.79
|
262
|
2.12
|
-0.10
|
6.49
|
|
5.91
|
2009
|
10.84
|
9.47
|
-1.37
|
246
|
2.73
|
-0.09
|
6.40
|
|
6.00
|
2010
|
10.99
|
10.01
|
-0.97
|
233
|
3.33
|
-0.08
|
6.32
|
|
6.08
|
2011
|
11.16
|
10.60
|
-0.56
|
223
|
3.94
|
-0.06
|
6.26
|
|
6.14
|
2012
|
11.37
|
11.18
|
-0.19
|
217
|
4.55
|
-0.05
|
6.21
|
|
6.19
|
2013
|
11.60
|
11.29
|
-0.31
|
214
|
4.69
|
-0.04
|
6.16
|
|
6.24
|
2014
|
11.84
|
11.41
|
-0.43
|
210
|
4.83
|
-0.04
|
6.12
|
|
6.28
|
2015
|
12.09
|
11.54
|
-0.55
|
205
|
4.97
|
-0.03
|
6.09
|
|
6.31
|
2016
|
12.34
|
11.68
|
-0.65
|
200
|
5.12
|
-0.02
|
6.07
|
|
6.33
|
2017
|
12.58
|
11.84
|
-0.75
|
194
|
5.27
|
-0.01
|
6.06
|
|
6.34
|
2018
|
12.82
|
12.00
|
-0.82
|
187
|
5.42
|
-0.01
|
6.05
|
|
6.35
|
2019
|
13.04
|
12.17
|
-0.88
|
181
|
5.59
|
-0.01
|
6.04
|
|
6.36
|
2020
|
13.26
|
12.34
|
-0.92
|
174
|
5.75
|
-0.01
|
6.03
|
|
6.37
|
2021
|
13.47
|
12.52
|
-0.95
|
167
|
5.92
|
-0.01
|
6.03
|
|
6.37
|
2022
|
13.65
|
12.70
|
-0.96
|
160
|
6.09
|
-0.01
|
6.02
|
|
6.38
|
2023
|
13.78
|
12.88
|
-0.91
|
155
|
6.26
|
0.00
|
6.02
|
|
6.38
|
2024
|
13.90
|
13.06
|
-0.84
|
149
|
6.44
|
0.00
|
6.02
|
|
6.38
|
2025
|
13.98
|
13.24
|
-0.74
|
145
|
6.62
|
0.00
|
6.01
|
|
6.39
|
2026
|
14.04
|
13.43
|
-0.61
|
141
|
6.80
|
0.00
|
6.01
|
|
6.39
|
2027
|
14.07
|
13.61
|
-0.45
|
139
|
6.98
|
0.00
|
6.01
|
|
6.39
|
2028
|
14.06
|
13.80
|
-0.26
|
138
|
7.17
|
0.00
|
6.01
|
|
6.39
|
2029
|
14.02
|
13.99
|
-0.03
|
139
|
7.35
|
0.00
|
6.01
|
|
6.39
|
2030
|
13.94
|
13.94
|
0.00
|
141
|
7.31
|
0.00
|
6.00
|
|
6.40
|
2031
|
13.83
|
13.83
|
0.00
|
145
|
7.20
|
0.00
|
6.00
|
|
6.40
|
2032
|
13.69
|
13.69
|
0.00
|
148
|
7.06
|
0.00
|
6.00
|
|
6.40
|
2033
|
13.52
|
13.52
|
0.00
|
153
|
6.90
|
0.00
|
6.00
|
|
6.40
|
2034
|
13.33
|
13.32
|
0.00
|
157
|
6.71
|
0.00
|
6.00
|
|
6.40
|
2035
|
13.12
|
13.11
|
0.00
|
162
|
6.51
|
0.00
|
6.00
|
|
6.40
|
2036
|
12.88
|
12.89
|
0.00
|
167
|
6.29
|
0.00
|
6.00
|
|
6.40
|
2037
|
12.63
|
12.63
|
0.00
|
173
|
6.04
|
0.00
|
6.00
|
|
6.40
|
2038
|
12.36
|
12.35
|
0.00
|
180
|
5.78
|
0.00
|
6.00
|
|
6.40
|
2039
|
12.07
|
12.07
|
0.00
|
187
|
5.51
|
0.00
|
6.00
|
|
6.40
|
2040
|
11.77
|
11.77
|
0.00
|
195
|
5.23
|
0.00
|
6.00
|
|
6.40
|
2041
|
11.46
|
11.46
|
0.00
|
203
|
4.93
|
0.00
|
6.00
|
|
6.40
|
2042
|
11.14
|
11.14
|
0.00
|
212
|
4.63
|
0.00
|
6.00
|
|
6.40
|
2043
|
10.81
|
10.81
|
0.00
|
222
|
4.31
|
0.00
|
6.00
|
|
6.40
|
2044
|
10.47
|
10.47
|
0.00
|
233
|
3.99
|
0.00
|
6.00
|
|
6.40
|
2045
|
10.14
|
10.13
|
0.00
|
245
|
3.67
|
0.00
|
6.00
|
|
6.40
|
2046
|
9.79
|
9.79
|
0.00
|
258
|
3.34
|
0.00
|
6.00
|
|
6.40
|
2047
|
9.44
|
9.44
|
0.00
|
272
|
3.01
|
0.00
|
6.00
|
|
6.40
|
2048
|
9.09
|
9.09
|
0.00
|
287
|
2.68
|
0.00
|
6.00
|
|
6.40
|
2049
|
8.75
|
8.74
|
0.00
|
303
|
2.35
|
0.00
|
6.00
|
|
6.40
|
2050
|
8.41
|
8.41
|
0.00
|
320
|
2.03
|
0.00
|
6.00
|
|
6.40
|
2051
|
8.07
|
8.07
|
0.00
|
339
|
1.71
|
0.00
|
6.00
|
|
6.40
|
2052
|
7.75
|
7.74
|
0.00
|
359
|
1.40
|
0.00
|
6.00
|
|
6.40
|
2053
|
7.42
|
7.42
|
0.00
|
381
|
1.09
|
0.00
|
6.00
|
|
6.40
|
2054
|
7.11
|
7.12
|
0.00
|
404
|
0.81
|
0.00
|
6.00
|
|
6.40
|
2055
|
6.84
|
6.84
|
0.00
|
427
|
0.55
|
0.00
|
6.00
|
|
6.40
|
2056
|
6.58
|
6.58
|
0.00
|
452
|
0.30
|
0.00
|
6.00
|
|
6.40
|
2057
|
6.34
|
6.34
|
0.00
|
477
|
0.07
|
0.00
|
6.00
|
|
6.40
|
2058
|
6.11
|
6.11
|
0.00
|
503
|
0.00
|
-0.15
|
5.85
|
0.15
|
6.40
|
2059
|
5.90
|
5.90
|
0.00
|
529
|
0.00
|
-0.20
|
5.65
|
0.35
|
6.40
|
2060
|
5.71
|
5.71
|
0.00
|
556
|
0.00
|
-0.18
|
5.47
|
0.53
|
6.40
|
2061
|
5.53
|
5.53
|
0.00
|
584
|
0.00
|
-0.17
|
5.30
|
0.70
|
6.40
|
2062
|
5.37
|
5.37
|
0.00
|
611
|
0.00
|
-0.15
|
5.15
|
0.85
|
6.40
|
2063
|
5.22
|
5.22
|
0.00
|
639
|
0.00
|
-0.14
|
5.01
|
0.99
|
6.40
|
2064
|
5.09
|
5.09
|
0.00
|
667
|
0.00
|
-0.13
|
4.88
|
1.12
|
6.40
|
2065
|
4.99
|
4.99
|
0.00
|
691
|
0.00
|
-0.09
|
4.79
|
1.21
|
6.40
|
2066
|
4.90
|
4.90
|
0.00
|
715
|
0.00
|
-0.08
|
4.71
|
1.29
|
6.40
|
2067
|
4.82
|
4.82
|
0.00
|
739
|
0.00
|
-0.07
|
4.63
|
1.37
|
6.40
|
2068
|
4.75
|
4.75
|
0.00
|
763
|
0.00
|
-0.07
|
4.56
|
1.44
|
6.40
|
2069
|
4.69
|
4.69
|
0.00
|
786
|
0.00
|
-0.06
|
4.50
|
1.50
|
6.40
|
2070
|
4.63
|
4.63
|
0.00
|
809
|
0.00
|
-0.05
|
4.45
|
1.55
|
6.40
|
2071
|
4.58
|
4.58
|
0.00
|
831
|
0.00
|
-0.04
|
4.41
|
1.59
|
6.40
|
2072
|
4.54
|
4.54
|
0.00
|
853
|
0.00
|
-0.04
|
4.37
|
1.63
|
6.40
|
2073
|
4.51
|
4.51
|
0.00
|
874
|
0.00
|
-0.03
|
4.33
|
1.67
|
6.40
|
2074
|
4.48
|
4.48
|
0.00
|
895
|
0.00
|
-0.03
|
4.31
|
1.69
|
6.40
|
2075
|
4.45
|
4.45
|
0.00
|
915
|
0.00
|
-0.02
|
4.28
|
1.72
|
6.40
|
2076
|
4.43
|
4.43
|
0.00
|
936
|
0.00
|
-0.02
|
4.26
|
1.74
|
6.40
|
2077
|
4.41
|
4.41
|
0.00
|
956
|
0.00
|
-0.02
|
4.24
|
1.76
|
6.40
|
2078
|
4.39
|
4.39
|
0.00
|
976
|
0.00
|
-0.02
|
4.22
|
1.78
|
6.40
|
|
Summarized
|
|
|
||||||
Cost
Rate OASDI |
Income
Rate OASDI |
Actuarial
Balance OASDI |
Change in
Actuarial Balance |
||||||
2003
-2077
|
10.58
|
10.85
|
0.27
|
2.19
|
|||||
Based on Intermediate Assumptions of the 2003 Trustees Report.
1 Includes Specified and Corporate Tax-based General Fund Transfers (see table 1.d). 2 Net payroll tax rate to the Trust Funds; reduced by amount redirected for IA contribution, and cut for annual balance. |
|||||||||
|
Office of the Actuary
Social Security Administration July 15, 2004 |
Return to memorandum | List of memos |