Table 2dChange 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
|
1,944.0
|
2009
|
2,008.4
|
0.0
|
0.0
|
9.8
|
23.1
|
2,031.5
|
2,031.5
|
2010
|
2,080.8
|
18.0
|
0.0
|
13.4
|
54.5
|
2,135.3
|
2,135.3
|
2011
|
2,148.0
|
18.0
|
0.0
|
17.0
|
89.4
|
2,237.4
|
2,237.4
|
2012
|
2,205.6
|
18.0
|
0.0
|
20.4
|
127.9
|
2,333.5
|
2,333.5
|
2013
|
2,252.4
|
18.0
|
0.0
|
23.6
|
169.5
|
2,422.0
|
2,422.0
|
2014
|
2,289.0
|
18.0
|
0.0
|
26.4
|
213.9
|
2,502.9
|
2,502.9
|
2015
|
2,314.3
|
18.0
|
0.0
|
28.9
|
260.8
|
2,575.1
|
2,575.1
|
2016
|
2,327.9
|
17.9
|
0.0
|
31.3
|
310.0
|
2,637.9
|
2,637.9
|
2017
|
2,329.7
|
17.9
|
0.0
|
33.4
|
361.3
|
2,691.0
|
2,691.0
|
2018
|
2,319.7
|
17.8
|
0.0
|
35.2
|
414.3
|
2,734.0
|
2,734.0
|
2019
|
2,297.6
|
17.7
|
0.0
|
37.0
|
469.0
|
2,766.7
|
2,766.7
|
2020
|
2,263.7
|
17.6
|
0.0
|
38.5
|
525.2
|
2,788.9
|
2,788.9
|
2021
|
2,218.5
|
17.5
|
0.0
|
39.9
|
582.6
|
2,801.1
|
2,801.1
|
2022
|
2,162.6
|
17.4
|
0.0
|
41.2
|
641.2
|
2,803.8
|
2,803.8
|
2023
|
2,096.4
|
17.3
|
38.5
|
42.3
|
739.4
|
2,835.8
|
2,835.8
|
2024
|
2,020.7
|
17.2
|
38.0
|
43.3
|
838.0
|
2,858.7
|
2,858.7
|
2025
|
1,936.1
|
17.2
|
37.5
|
44.1
|
936.8
|
2,872.9
|
2,872.9
|
2026
|
1,843.3
|
17.1
|
37.0
|
44.8
|
1,035.7
|
2,879.0
|
2,879.0
|
2027
|
1,743.3
|
17.1
|
36.5
|
45.5
|
1,134.8
|
2,878.1
|
2,878.1
|
2028
|
1,637.0
|
17.0
|
36.0
|
46.1
|
1,233.9
|
2,870.9
|
2,870.9
|
2029
|
1,525.4
|
17.0
|
35.5
|
46.5
|
1,332.9
|
2,858.3
|
2,858.3
|
2030
|
1,409.4
|
16.9
|
35.0
|
46.8
|
1,431.7
|
2,841.1
|
2,841.1
|
2031
|
1,289.5
|
16.9
|
34.6
|
47.0
|
1,530.1
|
2,819.6
|
2,819.6
|
2032
|
1,166.5
|
16.8
|
34.1
|
47.2
|
1,628.3
|
2,794.8
|
2,794.8
|
2033
|
1,041.2
|
16.8
|
33.7
|
47.4
|
1,726.2
|
2,767.4
|
2,767.4
|
2034
|
914.6
|
16.7
|
33.2
|
47.5
|
1,823.6
|
2,738.2
|
2,738.2
|
2035
|
787.2
|
16.7
|
32.8
|
47.4
|
1,920.5
|
2,707.7
|
2,707.7
|
2036
|
659.9
|
16.7
|
32.3
|
47.2
|
2,016.6
|
2,676.5
|
2,676.5
|
2037
|
533.0
|
16.6
|
31.9
|
47.1
|
2,112.2
|
2,645.2
|
2,645.2
|
2038
|
407.2
|
16.6
|
31.5
|
46.9
|
2,207.2
|
2,614.3
|
2,614.3
|
2039
|
282.7
|
16.5
|
31.1
|
46.6
|
2,301.4
|
2,584.1
|
2,584.1
|
2040
|
159.8
|
16.5
|
30.6
|
46.0
|
2,394.6
|
2,554.3
|
2,554.3
|
2041
|
38.4
|
16.5
|
30.2
|
45.3
|
2,486.5
|
2,524.9
|
2,524.9
|
2042
|
-81.4
|
16.4
|
29.8
|
44.6
|
2,577.3
|
2,496.0
|
2,496.0
|
2043
|
-199.5
|
16.3
|
29.4
|
44.0
|
2,667.0
|
2,467.5
|
2,467.5
|
2044
|
-316.0
|
16.1
|
28.9
|
42.9
|
2,755.0
|
2,439.0
|
2,439.0
|
2045
|
-430.8
|
16.0
|
28.5
|
41.5
|
2,841.0
|
2,410.1
|
2,410.1
|
2046
|
-544.1
|
15.9
|
28.0
|
40.1
|
2,925.0
|
2,380.9
|
2,380.9
|
2047
|
-655.8
|
15.7
|
27.6
|
38.8
|
3,007.0
|
2,351.3
|
2,351.3
|
2048
|
-766.0
|
15.6
|
27.1
|
37.5
|
3,087.3
|
2,321.3
|
2,321.3
|
2049
|
-874.8
|
15.5
|
26.7
|
36.2
|
3,165.7
|
2,290.9
|
2,290.9
|
2050
|
-982.4
|
15.3
|
26.3
|
34.9
|
3,242.2
|
2,259.7
|
2,259.7
|
2051
|
-1,089.0
|
15.2
|
25.8
|
33.5
|
3,316.7
|
2,227.7
|
2,227.6
|
2052
|
-1,194.8
|
15.1
|
25.4
|
32.2
|
3,389.4
|
2,194.6
|
2,194.6
|
2053
|
-1,299.7
|
14.9
|
25.0
|
31.1
|
3,460.4
|
2,160.7
|
2,160.7
|
2054
|
-1,403.9
|
14.8
|
24.6
|
29.9
|
3,529.6
|
2,125.7
|
2,125.7
|
2055
|
-1,507.4
|
14.7
|
24.2
|
28.7
|
3,597.1
|
2,089.7
|
2,089.7
|
2056
|
-1,610.3
|
14.5
|
23.8
|
27.5
|
3,663.0
|
2,052.6
|
2,052.6
|
2057
|
-1,712.7
|
14.4
|
23.4
|
26.5
|
3,727.2
|
2,014.5
|
2,014.5
|
2058
|
-1,814.4
|
14.3
|
23.0
|
25.5
|
3,789.9
|
1,975.6
|
1,975.6
|
2059
|
-1,915.3
|
14.1
|
22.6
|
24.5
|
3,851.2
|
1,935.9
|
1,935.8
|
2060
|
-2,015.6
|
14.0
|
22.2
|
23.5
|
3,911.0
|
1,895.4
|
1,895.4
|
2061
|
-2,115.1
|
13.9
|
21.9
|
22.6
|
3,969.3
|
1,854.2
|
1,854.2
|
2062
|
-2,214.1
|
13.8
|
21.5
|
21.7
|
4,026.3
|
1,812.2
|
1,812.2
|
2063
|
-2,312.6
|
13.6
|
21.2
|
20.9
|
4,082.0
|
1,769.4
|
1,769.4
|
2064
|
-2,410.5
|
13.5
|
20.8
|
20.1
|
4,136.5
|
1,726.0
|
1,725.9
|
2065
|
-2,507.7
|
13.4
|
20.5
|
19.4
|
4,189.7
|
1,682.1
|
1,682.0
|
2066
|
-2,604.1
|
13.3
|
20.1
|
18.7
|
4,241.8
|
1,637.7
|
1,637.6
|
2067
|
-2,699.9
|
13.1
|
19.8
|
18.0
|
4,292.8
|
1,592.8
|
1,592.8
|
2068
|
-2,794.9
|
13.0
|
19.5
|
17.4
|
4,342.6
|
1,547.7
|
1,547.7
|
2069
|
-2,889.1
|
12.9
|
19.2
|
16.8
|
4,391.5
|
1,502.3
|
1,502.3
|
2070
|
-2,982.5
|
12.8
|
18.8
|
16.2
|
4,439.3
|
1,456.8
|
1,456.8
|
2071
|
-3,075.0
|
12.7
|
18.5
|
15.7
|
4,486.2
|
1,411.2
|
1,411.2
|
2072
|
-3,166.6
|
12.6
|
18.2
|
15.2
|
4,532.2
|
1,365.6
|
1,365.5
|
2073
|
-3,257.4
|
12.5
|
17.9
|
14.7
|
4,577.2
|
1,319.8
|
1,319.8
|
2074
|
-3,347.3
|
12.3
|
17.6
|
14.2
|
4,621.4
|
1,274.1
|
1,274.0
|
2075
|
-3,436.4
|
12.2
|
17.3
|
13.8
|
4,664.7
|
1,228.3
|
1,228.3
|
2076
|
-3,524.7
|
12.1
|
17.0
|
13.4
|
4,707.2
|
1,182.6
|
1,182.5
|
2077
|
-3,612.1
|
12.0
|
16.8
|
13.0
|
4,749.0
|
1,136.9
|
1,136.8
|
2078
|
-3,698.7
|
11.9
|
16.5
|
12.6
|
4,789.9
|
1,091.3
|
1,091.2
|
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 3.0
With Ultimate Real Treasury Bond Yield Rate of 3.0
Office of the Chief Actuary
Social Security Administration
April 13, 2005