Table 1-basic (i.e., Without PRAs) -- a
Additional Aggregate Values to Trust Fund and Personal Account
Basic Provisions:
Reduce PIA 0.5% Per Year Beginning 2009;
Decrease Third PIA Factor from 15% to 10%;
By 2018, Increase PIA for 30-Year Minimum Wage Worker by 12%;
Increase Widow(er)s Benefits to 75% of Couple's Benefit Starting in 2004, Limited Based on Average PIA;
Apply 3.9% Payroll Tax to Earnings in Excess of Maximum, Starting in 2004
With Ultimate Real Trust Fund Interest Rate of: 3.0
Year
Present Law Trust Fund (End of Year)*
Proposal Trust Fund (End of Year)
(Billions of Present Value Dollars 1/1/2001)
2001
1,139
1,139
2002
1,230
1,230
2003
1,320
1,320
2004
1,407
1,432
2005
1,491
1,542
2006
1,570
1,647
2007
1,644
1,748
2008
1,711
1,841
2009
1,771
1,924
2010
1,824
1,999
2011
1,867
2,066
2012
1,901
2,124
2013
1,925
2,171
2014
1,937
2,209
2015
1,938
2,236
2016
1,928
2,253
2017
1,906
2,259
2018
1,873
2,256
2019
1,829
2,243
2020
1,775
2,221
2021
1,712
2,191
2022
1,641
2,155
2023
1,562
2,112
2024
1,476
2,063
2025
1,384
2,010
2026
1,287
1,952
2027
1,186
1,891
2028
1,080
1,828
2029
972
1,763
2030
861
1,698
2031
749
1,632
2032
636
1,566
2033
523
1,502
2034
410
1,438
2035
298
1,376
2036
188
1,317
2037
79
1,260
2038
-27
1,206
2039
-131
1,154
2040
-233
1,105
2041
-333
1,058
2042
-430
1,014
2043
-526
972
2044
-620
933
2045
-713
895
2046
-804
859
2047
-893
826
2048
-982
793
2049
-1,069
763
2050
-1,156
733
2051
-1,242
705
2052
-1,327
678
2053
-1,412
652
2054
-1,496
626
2055
-1,580
601
2056
-1,664
577
2057
-1,747
553
2058
-1,830
530
2059
-1,912
508
2060
-1,994
486
2061
-2,076
464
2062
-2,157
444
2063
-2,238
423
2064
-2,318
404
2065
-2,397
384
2066
-2,476
366
2067
-2,554
348
2068
-2,632
330
2069
-2,709
313
2070
-2,785
296
2071
-2,861
280
2072
-2,936
265
2073
-3,010
250
2074
-3,084
236
2075
-3,157
222
2076
-3,230
209
*Negative values represent unfunded obligation through the year.
Office of the Actuary Social Security Administration October 29, 2002