Table 1d—Change in Long-Range Trust Fund Assets / Unfunded Obligation
Average IA Contribution 6.4%,  Benefit Offset 100.0%
Year
Present Law
OASDI Trust
Fund Assets
or If Negative,
Unfunded
Obligation
Through
End of Year
(1)
OASI Benefit
Cut for IA
Participation
(2)
Amount
Contributed
to IA:
by Federal
Government
100%
(3)
Cost to
Guarantee
OASDI + IA
Benefits at
Present Law
Schedule
(4)
Net
General
Fund
Transfers
(5)
Total Change
Through
End of Year
(6)=
(2)-(3)-(4)+(5)
Proposal
OASDI
Trust Fund
Assets /
Unfunded
Obligation
Through
End of Year
(7)
(Billions of Dollars, Present Value on 1-1-04)
2005
1,674.6
0.0
0.0
0.0
0.0
0.0
1,674.6
2006
1,759.0
0.0
112.8
0.0
12.5
-100.3
1,658.7
2007
1,845.5
0.0
120.8
0.0
36.4
-184.8
1,660.7
2008
1,930.8
0.0
122.5
0.0
59.9
-247.5
1,683.3
2009
2,008.4
0.0
124.0
0.0
83.2
-288.2
1,720.2
2010
2,080.8
0.0
125.1
0.0
106.2
-307.1
1,773.7
2011
2,148.0
0.0
125.8
0.0
128.7
-304.3
1,843.7
2012
2,205.6
0.0
126.1
0.3
150.5
-280.2
1,925.4
2013
2,252.4
0.2
126.0
0.7
171.7
-235.0
2,017.5
2014
2,289.0
0.5
125.8
1.3
172.6
-188.8
2,100.2
2015
2,314.3
1.0
125.2
2.1
173.5
-141.5
2,172.9
2016
2,327.9
1.9
248.9
2.7
175.9
-215.0
2,112.9
2017
2,329.7
3.2
246.8
3.5
178.8
-283.0
2,046.7
2018
2,319.7
5.0
244.4
4.3
181.8
-344.5
1,975.2
2019
2,297.6
7.4
241.5
5.2
184.4
-399.0
1,898.7
2020
2,263.7
10.2
238.5
6.1
187.0
-445.9
1,817.8
2021
2,218.5
13.4
235.4
7.1
189.5
-484.9
1,733.6
2022
2,162.6
17.0
232.2
8.3
192.1
-515.6
1,647.0
2023
2,096.4
21.1
228.9
9.4
194.6
-537.4
1,559.0
2024
2,020.7
25.5
225.6
10.7
197.1
-550.2
1,470.6
2025
1,936.1
30.4
222.2
12.0
199.5
-553.5
1,382.6
2026
1,843.3
35.6
218.6
13.5
202.0
-546.9
1,296.5
2027
1,743.3
41.2
215.1
14.9
204.5
-529.9
1,213.3
2028
1,637.0
47.0
211.6
16.4
206.9
-502.6
1,134.4
2029
1,525.4
53.1
208.2
17.9
209.3
-464.7
1,060.7
2030
1,409.4
59.4
204.8
19.4
211.6
-416.2
993.2
2031
1,289.5
66.0
201.5
20.9
214.0
-356.8
932.7
2032
1,166.5
72.8
198.4
22.4
216.3
-286.5
879.9
2033
1,041.2
79.5
195.2
23.9
218.5
-205.6
835.7
2034
914.6
86.2
192.2
25.4
220.7
-114.0
800.6
2035
787.2
93.0
189.2
26.9
222.8
-11.9
775.4
2036
659.9
99.7
186.3
28.6
224.9
100.4
760.2
2037
533.0
106.4
183.4
30.3
226.9
222.7
755.7
2038
407.2
113.0
180.6
32.0
222.3
348.3
755.4
2039
282.7
119.6
177.8
33.7
213.0
472.4
755.1
2040
159.8
126.1
175.0
35.3
203.6
594.9
754.7
2041
38.4
132.7
172.3
36.9
194.2
715.9
754.3
2042
-81.4
139.3
169.7
38.5
184.8
835.4
754.1
2043
-199.5
146.0
167.0
40.0
175.3
953.4
753.9
2044
-316.0
152.5
164.4
41.4
165.7
1,069.7
753.7
2045
-430.8
159.1
161.8
42.8
156.2
1,184.3
753.5
2046
-544.1
165.7
159.3
44.1
146.5
1,297.3
753.2
2047
-655.8
172.1
156.7
45.1
136.9
1,408.7
752.9
2048
-766.0
178.5
154.2
46.1
127.3
1,518.5
752.6
2049
-874.8
184.6
151.7
47.0
118.3
1,627.2
752.4
2050
-982.4
190.6
149.2
48.0
109.4
1,734.6
752.1
2051
-1,089.0
196.4
146.8
48.7
100.7
1,840.8
751.8
2052
-1,194.8
202.0
144.4
49.2
92.3
1,946.3
751.5
2053
-1,299.7
207.3
142.0
49.4
84.0
2,051.0
751.3
2054
-1,403.9
212.2
139.7
49.3
76.0
2,154.9
751.0
2055
-1,507.4
216.8
137.4
49.2
68.3
2,258.3
750.9
2056
-1,610.3
221.0
135.1
49.2
61.2
2,360.9
750.6
2057
-1,712.7
224.8
132.9
49.0
54.4
2,463.0
750.3
2058
-1,814.4
228.1
130.7
48.6
48.0
2,564.5
750.1
2059
-1,915.3
230.9
128.5
48.1
41.8
2,665.2
749.9
2060
-2,015.6
233.3
126.4
47.5
36.1
2,765.3
749.8
2061
-2,115.1
235.2
124.3
46.6
30.6
2,864.7
749.6
2062
-2,214.1
236.8
122.3
45.7
25.4
2,963.6
749.4
2063
-2,312.6
238.1
120.3
44.6
20.6
3,061.8
749.2
2064
-2,410.5
238.9
118.3
43.4
16.2
3,159.6
749.1
2065
-2,507.7
239.2
116.3
42.0
12.0
3,256.6
748.9
2066
-2,604.1
239.2
114.4
41.6
9.1
3,353.0
748.8
2067
-2,699.9
238.9
112.5
41.2
6.3
3,448.6
748.7
2068
-2,794.9
238.4
110.7
40.6
3.7
3,543.5
748.5
2069
-2,889.1
237.4
108.8
40.0
1.4
3,637.5
748.4
2070
-2,982.5
236.2
107.1
39.3
0.0
3,730.7
748.2
2071
-3,075.0
234.7
105.3
38.6
0.0
3,823.0
748.1
2072
-3,166.6
233.0
103.6
37.8
0.0
3,914.5
747.9
2073
-3,257.4
231.1
101.8
36.9
0.0
4,005.1
747.7
2074
-3,347.3
229.1
100.2
36.0
0.0
4,094.9
747.6
2075
-3,436.4
227.0
98.5
35.1
0.0
4,183.8
747.4
2076
-3,524.7
224.7
96.9
34.1
0.0
4,271.9
747.3
2077
-3,612.1
222.3
95.3
33.1
0.0
4,359.2
747.1
2078
-3,698.7
219.9
93.7
32.1
0.0
4,445.7
747.0
Total 2004-2078
 
9,329.5
11,456.4
2,062.5
8,495.4
   

Based on Intermediate Assumptions of the 2004 Trustees Report
With Ultimate Real Trust Fund Interest Rate of 3.0
With Ultimate Real IA Yield Rate of 5.2
With Annuity Net Yield Rate of 5.2

Office of the Chief Actuary
Social Security Administration
April 19, 2005

Return to memorandum Return to list of memos