Phased Participation
No Taxation of RB or IA Distributions Individual Account Contribution Rate: 6.2% Benefit Offset: 0.0% Ultimate Real Trust Fund Interest Rate of 3.00 Ultimate Real IA Yield Rate of 4.65 Annuity Net Real Yield Rate of 3.00 |
|||||||||
---|---|---|---|---|---|---|---|---|---|
Year
|
Cost
Rate
|
Income
Rate
|
Annual
Balance
|
TFR1
1-1-yr
|
General
Revenue Reimbursement for Minimum Benefit |
"Effective"
Change
in OASDI
Contribution
Rate
|
"Effective"
OASDI
Contribution
Rate
|
General
Revenue
Transfer
Solvency |
Individual
Account Contribution
Rate
|
2004
|
11.07
|
12.71
|
1.64
|
306
|
12.40
|
0.00
|
|||
2005
|
10.87
|
8.72
|
-2.15
|
325
|
0.00
|
-4.005
|
8.40
|
4.00
|
|
2006
|
10.77
|
8.36
|
-2.41
|
310
|
0.00
|
-0.373
|
8.02
|
4.38
|
|
2007
|
10.75
|
8.23
|
-2.51
|
290
|
0.00
|
-0.142
|
7.88
|
4.52
|
|
2008
|
10.80
|
8.14
|
-2.65
|
267
|
0.00
|
-0.127
|
7.75
|
4.65
|
|
2009
|
10.95
|
8.01
|
-2.94
|
241
|
0.00
|
-0.125
|
7.63
|
4.77
|
|
2010
|
11.08
|
7.91
|
-3.18
|
214
|
0.00
|
-0.122
|
7.51
|
4.89
|
|
2011
|
11.25
|
7.83
|
-3.41
|
184
|
0.00
|
-0.126
|
7.38
|
5.02
|
|
2012
|
11.43
|
7.75
|
-3.68
|
154
|
0.00
|
-0.110
|
7.27
|
5.13
|
|
2013
|
11.67
|
9.18
|
-2.50
|
121
|
0.00
|
1.403
|
8.67
|
1.5
|
5.23
|
2014
|
11.89
|
11.98
|
0.09
|
100
|
0.00
|
2.787
|
11.46
|
4.4
|
5.34
|
2015
|
12.12
|
12.21
|
0.08
|
100
|
0.01
|
0.212
|
11.67
|
4.7
|
5.43
|
2016
|
13.12
|
13.03
|
-0.09
|
100
|
0.01
|
0.809
|
12.48
|
5.6
|
5.53
|
2017
|
13.77
|
13.65
|
-0.12
|
100
|
0.01
|
0.618
|
13.10
|
6.3
|
5.61
|
2018
|
14.41
|
14.28
|
-0.13
|
100
|
0.01
|
0.624
|
13.72
|
7.0
|
5.69
|
2019
|
15.03
|
14.82
|
-0.21
|
100
|
0.01
|
0.537
|
14.26
|
7.6
|
5.75
|
2020
|
15.59
|
15.36
|
-0.23
|
100
|
0.01
|
0.541
|
14.80
|
8.2
|
5.81
|
2021
|
15.54
|
15.25
|
-0.30
|
100
|
0.02
|
-0.121
|
14.68
|
8.1
|
5.88
|
2022
|
15.80
|
15.45
|
-0.36
|
100
|
0.02
|
0.207
|
14.89
|
8.4
|
5.93
|
2023
|
16.00
|
15.60
|
-0.40
|
100
|
0.02
|
0.157
|
15.04
|
8.6
|
5.97
|
2024
|
16.06
|
15.65
|
-0.40
|
100
|
0.02
|
0.061
|
15.10
|
8.7
|
6.02
|
2025
|
16.02
|
15.61
|
-0.41
|
100
|
0.02
|
-0.029
|
15.08
|
8.7
|
6.05
|
2026
|
15.98
|
15.37
|
-0.61
|
100
|
0.02
|
-0.229
|
14.85
|
8.5
|
6.08
|
2027
|
16.94
|
16.43
|
-0.51
|
100
|
0.03
|
1.077
|
15.92
|
9.6
|
6.10
|
2028
|
17.06
|
16.49
|
-0.56
|
100
|
0.03
|
0.083
|
16.01
|
9.7
|
6.12
|
2029
|
16.95
|
16.36
|
-0.59
|
100
|
0.03
|
-0.114
|
15.89
|
9.6
|
6.14
|
2030
|
16.74
|
16.13
|
-0.61
|
100
|
0.03
|
-0.210
|
15.68
|
9.4
|
6.15
|
2031
|
16.63
|
16.00
|
-0.63
|
100
|
0.03
|
-0.108
|
15.58
|
9.3
|
6.16
|
2032
|
15.74
|
15.17
|
-0.57
|
100
|
0.03
|
-0.805
|
14.77
|
8.5
|
6.16
|
2033
|
14.95
|
14.45
|
-0.50
|
100
|
0.04
|
-0.704
|
14.07
|
7.8
|
6.17
|
2034
|
14.15
|
13.63
|
-0.53
|
100
|
0.04
|
-0.804
|
13.26
|
7.0
|
6.17
|
2035
|
13.41
|
12.90
|
-0.51
|
100
|
0.04
|
-0.704
|
12.56
|
6.3
|
6.18
|
2036
|
12.69
|
12.18
|
-0.51
|
100
|
0.04
|
-0.706
|
11.85
|
5.6
|
6.19
|
2037
|
11.94
|
11.45
|
-0.49
|
100
|
0.04
|
-0.705
|
11.15
|
4.9
|
6.19
|
2038
|
11.22
|
10.83
|
-0.39
|
100
|
0.04
|
-0.605
|
10.54
|
4.3
|
6.20
|
2039
|
10.50
|
10.04
|
-0.45
|
100
|
0.04
|
-0.769
|
9.77
|
3.5
|
6.20
|
2040
|
9.81
|
9.43
|
-0.38
|
100
|
0.04
|
-0.599
|
9.17
|
2.9
|
6.20
|
2041
|
9.14
|
8.81
|
-0.33
|
100
|
0.04
|
-0.600
|
8.57
|
2.3
|
6.20
|
2042
|
8.50
|
8.17
|
-0.34
|
100
|
0.04
|
-0.630
|
7.94
|
1.7
|
6.20
|
2043
|
7.92
|
7.58
|
-0.34
|
100
|
0.05
|
-0.570
|
7.38
|
1.1
|
6.20
|
2044
|
7.36
|
6.96
|
-0.41
|
100
|
0.05
|
-0.610
|
6.77
|
0.5
|
6.20
|
2045
|
6.74
|
6.47
|
-0.27
|
100
|
0.05
|
-0.470
|
6.30
|
0.1
|
6.20
|
2046
|
6.23
|
6.41
|
0.18
|
100
|
0.05
|
-0.050
|
6.25
|
6.20
|
|
2047
|
5.75
|
6.40
|
0.66
|
109
|
0.04
|
0.000
|
6.24
|
6.20
|
|
2048
|
5.30
|
6.39
|
1.09
|
130
|
0.04
|
0.000
|
6.24
|
6.20
|
|
2049
|
4.89
|
6.39
|
1.50
|
163
|
0.04
|
-0.001
|
6.24
|
6.20
|
|
2050
|
3.85
|
6.38
|
2.54
|
209
|
0.04
|
-0.001
|
6.24
|
6.20
|
|
2051
|
3.73
|
6.38
|
2.64
|
286
|
0.04
|
-0.001
|
6.24
|
6.20
|
|
2052
|
3.64
|
6.37
|
2.73
|
369
|
0.04
|
-0.001
|
6.24
|
6.20
|
|
2053
|
3.56
|
6.36
|
2.81
|
460
|
0.04
|
-0.001
|
6.24
|
6.20
|
|
2054
|
3.49
|
6.36
|
2.87
|
556
|
0.04
|
-0.001
|
6.24
|
6.20
|
|
2055
|
3.43
|
6.36
|
2.92
|
657
|
0.04
|
-0.001
|
6.24
|
6.20
|
|
2056
|
3.38
|
6.35
|
2.97
|
763
|
0.04
|
-0.001
|
6.24
|
6.20
|
|
2057
|
3.34
|
6.35
|
3.01
|
873
|
0.04
|
-0.001
|
6.24
|
6.20
|
|
2058
|
3.30
|
6.35
|
3.04
|
987
|
0.04
|
-0.001
|
6.24
|
6.20
|
|
2059
|
3.27
|
6.34
|
3.07
|
1,105
|
0.03
|
-0.001
|
6.23
|
6.20
|
|
2060
|
3.22
|
6.34
|
3.12
|
1,235
|
0.03
|
-0.001
|
6.23
|
6.20
|
|
2061
|
3.21
|
6.34
|
3.13
|
1,355
|
0.03
|
-0.001
|
6.23
|
6.20
|
|
2062
|
3.21
|
6.34
|
3.13
|
1,476
|
0.03
|
-0.001
|
6.23
|
6.20
|
|
2063
|
3.20
|
6.34
|
3.13
|
1,599
|
0.03
|
-0.001
|
6.23
|
6.20
|
|
2064
|
3.20
|
6.33
|
3.13
|
1,722
|
0.03
|
-0.001
|
6.23
|
6.20
|
|
2065
|
3.20
|
6.33
|
3.13
|
1,847
|
0.03
|
-0.001
|
6.23
|
6.20
|
|
2066
|
3.20
|
6.33
|
3.13
|
1,975
|
0.03
|
-0.001
|
6.23
|
6.20
|
|
2067
|
3.20
|
6.33
|
3.13
|
2,106
|
0.03
|
-0.001
|
6.23
|
6.20
|
|
2068
|
3.19
|
6.33
|
3.14
|
2,242
|
0.02
|
-0.001
|
6.22
|
6.20
|
|
2069
|
3.19
|
6.33
|
3.14
|
2,378
|
0.02
|
-0.001
|
6.22
|
6.20
|
|
2070
|
3.19
|
6.33
|
3.14
|
2,514
|
0.02
|
-0.001
|
6.22
|
6.20
|
|
2071
|
3.19
|
6.33
|
3.13
|
2,652
|
0.02
|
-0.001
|
6.22
|
6.20
|
|
2072
|
3.19
|
6.33
|
3.13
|
2,792
|
0.02
|
-0.001
|
6.22
|
6.20
|
|
2073
|
3.20
|
6.32
|
3.13
|
2,934
|
0.02
|
-0.001
|
6.22
|
6.20
|
|
2074
|
3.20
|
6.32
|
3.13
|
3,077
|
0.02
|
-0.001
|
6.22
|
6.20
|
|
2075
|
3.20
|
6.32
|
3.12
|
3,223
|
0.02
|
-0.001
|
6.22
|
6.20
|
|
2076
|
3.20
|
6.32
|
3.12
|
3,371
|
0.02
|
-0.001
|
6.22
|
6.20
|
|
2077
|
3.20
|
6.32
|
3.12
|
3,522
|
0.02
|
-0.001
|
6.22
|
6.20
|
|
2078
|
3.21
|
6.32
|
3.11
|
3,676
|
0.02
|
-0.001
|
6.22
|
6.20
|
|
2079
|
3.21
|
6.32
|
3.11
|
3,832
|
0.01
|
-0.001
|
6.21
|
6.20
|
|
2004 -
2078 |
Summarized OASDI
|
||||||||
Cost Rate
|
Income Rate
|
Actuarial
Balance
|
Change in
Actuarial Balance |
||||||
10.15
|
10.99
|
0.84
|
2.73
|
1TFR computed as TF assets divided by annual cost excluding RB payments. |
Based on Intermediate Assumptions of the 2004 Trustees Report With Ultimate Real Trust Fund Interest Rate of 3.00
Office of the Chief Actuary
Social Security Administration
February 11, 2005
Return to memorandum | List of memos |