Table 1d—Change in Long-Range Trust Fund Assets / Unfunded Obligation
Year
Present Law
OASDI Trust
Fund Assets
or If Negative,
Unfunded Obligation
Through EOY
(1)
Revenue
from
Estate Tax
(2)
Revenue
from
Balancing
Tax rate
(3)
Other
Basic
Changes
in OASDI
Cash Flow
(4)
Total Change
Through
End of Year
without equity
(5)=(2)+(3)+(4)
Proposal OASDI Trust Fund
Assets / Unfunded Obligation
Through End of Year
W/O equity
(6)
With Equity
(7)
(Billions of Dollars, Present Value on 1-1-04  See Note Below)
2005
1,674.6
0.0
0.0
0.0
0.0
1,674.6
1,674.6
2006
1,759.0
0.0
0.0
1.7
1.7
1,760.7
1,760.7
2007
1,845.5
0.0
0.0
4.5
6.2
1,851.7
1,851.7
2008
1,930.8
0.0
0.0
7.1
13.3
1,944.0
1,943.9
2009
2,008.4
0.0
0.0
9.8
23.1
2,031.5
2,031.2
2010
2,080.8
18.0
0.0
13.4
54.5
2,135.3
2,134.6
2011
2,148.0
18.0
0.0
17.0
89.4
2,237.4
2,236.2
2012
2,205.6
18.0
0.0
20.4
127.9
2,333.5
2,331.6
2013
2,252.4
18.0
0.0
23.6
169.5
2,422.0
2,419.2
2014
2,289.0
18.0
0.0
26.4
213.9
2,502.9
2,499.2
2015
2,314.3
18.0
0.0
28.9
260.8
2,575.1
2,570.3
2016
2,327.9
17.9
0.0
31.3
310.0
2,637.9
2,631.9
2017
2,329.7
17.9
0.0
33.4
361.3
2,691.0
2,683.8
2018
2,319.7
17.8
0.0
35.2
414.3
2,734.0
2,725.7
2019
2,297.6
17.7
0.0
37.0
469.0
2,766.7
2,757.4
2020
2,263.7
17.6
0.0
38.5
525.2
2,788.9
2,778.9
2021
2,218.5
17.5
0.0
39.9
582.6
2,801.1
2,790.5
2022
2,162.6
17.4
0.0
41.2
641.2
2,803.8
2,793.1
2023
2,096.4
17.3
38.5
42.3
739.4
2,835.8
2,823.5
2024
2,020.7
17.2
38.0
43.3
838.0
2,858.7
2,845.2
2025
1,936.1
17.2
37.5
44.1
936.8
2,872.9
2,858.4
2026
1,843.3
17.1
37.0
44.8
1,035.7
2,879.0
2,864.1
2027
1,743.3
17.1
36.5
45.5
1,134.8
2,878.1
2,863.2
2028
1,637.0
17.0
36.0
46.1
1,233.9
2,870.9
2,856.6
2029
1,525.4
17.0
35.5
46.5
1,332.9
2,858.3
2,845.2
2030
1,409.4
16.9
35.0
46.8
1,431.7
2,841.1
2,829.5
2031
1,289.5
16.9
34.6
47.0
1,530.1
2,819.6
2,810.2
2032
1,166.5
16.8
34.1
47.2
1,628.3
2,794.8
2,788.0
2033
1,041.2
16.8
33.7
47.4
1,726.2
2,767.4
2,763.7
2034
914.6
16.7
33.2
47.5
1,823.6
2,738.2
2,738.0
2035
787.2
16.7
32.8
47.4
1,920.5
2,707.7
2,711.2
2036
659.9
16.7
32.3
47.2
2,016.6
2,676.5
2,684.1
2037
533.0
16.6
31.9
47.1
2,112.2
2,645.2
2,657.0
2038
407.2
16.6
31.5
46.9
2,207.2
2,614.3
2,630.5
2039
282.7
16.5
31.1
46.6
2,301.4
2,584.1
2,604.7
2040
159.8
16.5
30.6
46.0
2,394.6
2,554.3
2,579.5
2041
38.4
16.5
30.2
45.3
2,486.5
2,524.9
2,554.7
2042
-81.4
16.4
29.8
44.6
2,577.3
2,496.0
2,530.5
2043
-199.5
16.3
29.4
44.0
2,667.0
2,467.5
2,506.9
2044
-316.0
16.1
28.9
42.9
2,755.0
2,439.0
2,483.4
2045
-430.8
16.0
28.5
41.5
2,841.0
2,410.1
2,459.8
2046
-544.1
15.9
28.0
40.1
2,925.0
2,380.9
2,436.0
2047
-655.8
15.7
27.6
38.8
3,007.0
2,351.3
2,412.1
2048
-766.0
15.6
27.1
37.5
3,087.3
2,321.3
2,388.0
2049
-874.8
15.5
26.7
36.2
3,165.7
2,290.9
2,363.8
2050
-982.4
15.3
26.3
34.9
3,242.2
2,259.7
2,339.1
2051
-1,089.0
15.2
25.8
33.5
3,316.7
2,227.7
2,313.9
2052
-1,194.8
15.1
25.4
32.2
3,389.4
2,194.6
2,288.1
2053
-1,299.7
14.9
25.0
31.1
3,460.4
2,160.7
2,261.7
2054
-1,403.9
14.8
24.6
29.9
3,529.6
2,125.7
2,234.8
2055
-1,507.4
14.7
24.2
28.7
3,597.1
2,089.7
2,207.3
2056
-1,610.3
14.5
23.8
27.5
3,663.0
2,052.6
2,179.1
2057
-1,712.7
14.4
23.4
26.5
3,727.2
2,014.5
2,150.3
2058
-1,814.4
14.3
23.0
25.5
3,789.9
1,975.6
2,121.1
2059
-1,915.3
14.1
22.6
24.5
3,851.2
1,935.9
2,091.5
2060
-2,015.6
14.0
22.2
23.5
3,911.0
1,895.4
2,061.6
2061
-2,115.1
13.9
21.9
22.6
3,969.3
1,854.2
2,031.3
2062
-2,214.1
13.8
21.5
21.7
4,026.3
1,812.2
2,000.7
2063
-2,312.6
13.6
21.2
20.9
4,082.0
1,769.4
1,969.6
2064
-2,410.5
13.5
20.8
20.1
4,136.5
1,726.0
1,938.4
2065
-2,507.7
13.4
20.5
19.4
4,189.7
1,682.1
1,907.0
2066
-2,604.1
13.3
20.1
18.7
4,241.8
1,637.7
1,875.4
2067
-2,699.9
13.1
19.8
18.0
4,292.8
1,592.8
1,843.8
2068
-2,794.9
13.0
19.5
17.4
4,342.6
1,547.7
1,812.2
2069
-2,889.1
12.9
19.2
16.8
4,391.5
1,502.3
1,780.6
2070
-2,982.5
12.8
18.8
16.2
4,439.3
1,456.8
1,749.1
2071
-3,075.0
12.7
18.5
15.7
4,486.2
1,411.2
1,717.8
2072
-3,166.6
12.6
18.2
15.2
4,532.2
1,365.6
1,686.7
2073
-3,257.4
12.5
17.9
14.7
4,577.2
1,319.8
1,655.7
2074
-3,347.3
12.3
17.6
14.2
4,621.4
1,274.1
1,624.9
2075
-3,436.4
12.2
17.3
13.8
4,664.7
1,228.3
1,594.3
2076
-3,524.7
12.1
17.0
13.4
4,707.2
1,182.6
1,563.9
2077
-3,612.1
12.0
16.8
13.0
4,749.0
1,136.9
1,533.8
2078
-3,698.7
11.9
16.5
12.6
4,789.9
1,091.3
1,504.0
Total
2004-2078
 
1,072.6
1,485.5
2,231.8
     

Note: Present Value discount at Treasury Bond yield, except col (7) where PV discount at TF yield with equity returns
Based on Intermediate Assumptions of the 2004 Trustees Report
With Ultimate Real Trust Fund Yield Rate of 3.7
With Ultimate Real Treasury Bond Yield Rate of 3.0

Office of the Chief Actuary
Social Security Administration
April 13, 2005

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