Table 1b--Social Security Guarantee Plus (SSGP) Contributions, Transfers to Old-Age, Survivors, and Disability Insurance (OASDI) Trust Funds from Individual Account (IA)s, and Budget Effects (assuming IA contributions are counted as expenditures) with IA Contributions from General Fund Indefinitely
Average investment is assumed to be 65 percent equity
IA proceeds go to estate if worker dies before entitlement
Expected SSGP Yield Ultimate Real Trust Fund Interest Rate: 3.00 Ultimate Real SSGP Account Yield Rate: 5.20 Ultimate Real SSGP Annuity Yield Rate: 5.20 SSGP Transfer Rate to Trust Funds = 95%; Assumed SSGP Participation Rate = 100.0%
Year
Contributions to SSGP by Federal Government Based on Earnings 1/
Transfers to OASDI Trust Funds from SSGPs
Other Changes in OASDI Cash Flow
Change in Annual Unified Budget Cash Flow
Change in Debt Held by Public (end of year)
Change in Annual Unified Budget Balance
(In Billions of Constant 2002 Dollars)
2003
104.3
0.0
0.0
-104.3
107.5
-107.5
2004
106.7
0.1
-5.5
-112.1
226.7
-122.1
2005
109.2
0.4
-6.8
-115.6
353.2
-133.0
2006
111.5
0.7
-7.8
-118.6
486.7
-143.8
2007
113.8
1.3
-6.4
-118.9
625.0
-152.4
2008
116.1
2.0
-6.6
-120.7
769.3
-162.6
2009
118.3
2.9
-9.0
-124.4
921.9
-175.0
2010
120.4
4.0
-9.3
-125.6
1,080.2
-185.2
2011
122.4
5.3
-9.4
-126.5
1,244.1
-195.4
2012
124.4
6.9
-9.5
-127.0
1,413.4
-205.5
2013
126.4
8.7
-9.5
-127.2
1,587.7
-215.5
2014
128.4
10.8
-9.5
-127.0
1,766.8
-225.4
2015
130.3
13.2
-9.5
-126.5
1,950.5
-235.2
2016
132.2
16.0
-9.5
-125.7
2,138.5
-244.8
2017
134.1
19.0
-9.6
-124.6
2,331.1
-254.8
2018
136.0
22.4
-9.6
-123.2
2,527.9
-264.7
2019
137.9
26.2
-9.7
-121.4
2,728.8
-274.5
2020
139.9
30.5
-9.8
-119.1
2,933.3
-284.1
2021
141.8
35.2
-10.0
-116.6
3,141.5
-293.6
2022
143.8
40.3
-10.2
-113.6
3,352.7
-302.8
2023
145.7
46.0
-10.3
-110.1
3,566.7
-311.6
2024
147.7
52.1
-10.4
-106.0
3,782.9
-320.1
2025
149.8
58.9
-10.5
-101.4
4,000.9
-328.2
2026
151.8
66.2
-10.6
-96.3
4,220.1
-335.7
2027
153.9
74.1
-10.7
-90.5
4,439.9
-342.7
2028
156.1
82.7
-10.4
-83.8
4,659.4
-348.8
2029
158.3
92.0
-10.2
-76.5
4,878.0
-354.3
2030
160.6
102.0
-9.9
-68.5
5,094.9
-359.0
2031
162.9
112.7
-9.7
-59.9
5,309.4
-362.9
2032
165.3
124.2
-9.5
-50.6
5,520.8
-366.1
2033
167.7
136.5
-9.4
-40.6
5,728.3
-368.3
2034
170.2
149.6
-9.3
-29.9
5,931.0
-369.5
2035
172.7
163.6
-9.2
-18.3
6,127.8
-369.5
2036
175.3
178.5
-9.0
-5.8
6,317.6
-368.3
2037
177.8
194.3
-8.9
7.6
6,499.3
-365.7
2038
180.5
211.1
-8.7
22.0
6,671.7
-361.7
2039
183.1
229.0
-8.7
37.2
6,833.5
-356.1
2040
185.8
247.9
-8.7
53.4
6,983.5
-349.0
2041
188.4
267.9
-8.8
70.6
7,120.2
-340.2
2042
191.1
289.1
-9.0
89.0
7,242.2
-329.3
2043
193.8
311.5
-9.2
108.5
7,347.6
-316.4
2044
196.5
334.3
-9.3
128.4
7,435.8
-302.2
2045
199.2
357.4
-9.5
148.7
7,505.7
-286.5
2046
201.9
380.9
-9.6
169.4
7,556.5
-269.3
2047
204.7
404.7
-9.7
190.4
7,587.1
-250.7
2048
207.4
428.9
-9.8
211.7
7,596.7
-230.6
2049
210.2
453.3
-9.9
233.2
7,584.4
-209.0
2050
213.0
478.0
-10.0
254.9
7,549.3
-185.8
2051
215.8
502.8
-10.2
276.8
7,490.7
-161.3
2052
218.7
527.8
-10.3
298.8
7,407.7
-135.2
2053
221.6
552.9
-10.5
320.8
7,299.5
-107.6
2054
224.5
578.0
-10.7
342.9
7,165.4
-78.5
2055
227.4
603.2
-10.8
365.0
7,004.4
-47.8
2056
230.4
628.4
-10.9
387.1
6,815.9
-15.5
2057
233.4
653.4
-10.9
409.1
6,598.9
18.4
2058
236.5
678.4
-10.8
431.0
6,352.9
53.8
2059
239.6
703.1
-10.8
452.7
6,077.3
90.7
2060
242.7
727.6
-10.8
474.1
5,771.3
129.0
2061
245.9
751.8
-10.8
495.1
5,434.4
168.8
2062
249.1
775.7
-10.8
515.8
5,066.2
209.9
2063
252.3
799.1
-10.9
536.0
4,666.1
252.5
2064
255.5
822.5
-10.9
556.1
4,233.3
296.9
2065
258.8
845.4
-11.0
575.6
3,767.4
342.6
2066
262.1
867.8
-11.1
594.6
3,268.0
389.7
2067
265.5
889.7
-11.2
613.0
2,734.7
438.2
2068
268.8
911.0
-11.3
630.9
2,166.9
488.1
2069
272.3
931.9
-11.4
648.2
1,564.2
539.5
2070
275.7
952.2
-11.6
664.9
926.3
592.3
2071
279.2
972.0
-11.8
681.0
252.7
646.7
2072
282.7
991.2
-12.0
696.6
-457.2
702.5
2073
286.2
1,010.0
-12.2
711.6
-1,203.9
760.0
2074
289.8
1,028.4
-12.4
726.1
-1,987.9
819.1
2075
293.4
1,046.3
-12.6
740.3
-2,810.1
880.0
2076
297.1
1,064.0
-12.8
754.1
-3,671.1
942.8
2077
300.8
1,078.8
-13.0
765.0
-4,569.1
1,005.0
Based on Intermediate Assumptions of the 2002 Trustees Report. 1/ Includes contributions from the General Fund of the Treasury.
Office of the Actuary Social Security Administration January 7, 2003