Table 2b -- IA Assets & Contributions, OASI Benefit Changes, & Total Unified Budget Effect--Plus Cumulative General Fund Transfers1
IA Contribution 6.4%,
Benefit Offset 100.0%

With Ultimate Real Trust Fund Interest Rate 3.0
With Ultimate Real IA Net Yield Rate of 2.75
With Offset Annuity Net Yield Rate of 2.75
Year
IA +
Annuity
Balance
at
End of Year
Amount of
Contribution to IA:
% by Federal
Government
100
Cost to guarantee
OASDI + IA
benefits at
Present Law
Schedule
OASI
Benefit
Cut for IA
Participation
Cut in
Contribution
Rate for
Annual
Balance
Change
in Annual
Unified Budget
Cash Flow
Change
in Debt
Held by
the Public
(End of Year)
Change
in
Annual
Unified
Budget
Balance
 
Cumulative
Transfers
Based on
Federal
Spending
Slowdown1
Based on
Corporate
Tax
Recap1
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(Billions of Constant 2003$)
2004
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
 
0
0
2005
256.6
249.3
0.0
0.0
0.0
-249.3
256.9
-256.9
 
12
2
2006
543.3
271.3
0.0
0.0
0.0
-271.3
544.6
-295.0
 
49
8
2007
850.0
282.8
0.0
0.0
0.0
-282.8
853.0
-324.3
 
113
16
2008
1,177.0
293.8
0.0
0.0
0.0
-293.8
1,182.7
-354.4
 
206
28
2009
1,524.0
304.3
0.0
0.0
0.0
-304.3
1,533.1
-385.0
 
329
44
2010
1,891.3
314.4
0.0
0.0
0.0
-314.4
1,904.9
-416.3
 
484
63
2011
2,277.3
323.3
0.1
0.0
0.0
-323.3
2,296.8
-447.4
 
673
87
2012
2,679.4
331.3
1.1
0.7
0.0
-331.7
2,709.1
-479.2
 
897
115
2013
3,097.3
339.3
2.4
2.5
0.0
-339.2
3,141.4
-511.2
 
1,158
147
2014
3,530.4
346.9
3.8
5.0
0.0
-345.7
3,593.1
-543.2
 
1,458
185
2015
3,977.9
354.1
5.4
8.4
0.0
-351.1
4,063.6
-575.1
 
1,798
227
2016
4,438.8
360.4
7.1
13.5
0.0
-354.0
4,550.7
-605.5
 
2,153
275
2017
4,912.3
366.5
9.1
20.2
0.0
-355.5
5,053.4
-635.2
 
2,523
328
2018
5,398.7
372.4
11.3
28.0
0.0
-355.7
5,571.3
-665.1
 
2,909
388
2019
5,897.5
378.3
13.7
37.2
0.0
-354.8
6,104.0
-694.9
 
3,312
453
2020
6,408.5
384.2
16.4
48.0
0.0
-352.6
6,650.2
-724.1
 
3,733
525
2021
6,931.1
390.0
19.3
60.1
0.0
-349.3
7,209.5
-753.0
 
4,171
604
2022
7,465.1
395.8
22.5
73.2
0.0
-345.1
7,781.2
-781.7
 
4,627
690
2023
8,009.8
401.6
25.9
87.5
0.0
-340.0
8,364.8
-810.3
 
5,102
784
2024
8,564.9
407.5
29.5
103.0
0.0
-333.9
8,959.7
-838.5
 
5,597
886
2025
9,129.9
413.3
33.4
119.8
0.0
-326.9
9,565.2
-866.4
 
6,111
995
2026
9,704.2
419.1
37.5
137.8
0.0
-318.9
10,180.6
-894.0
 
6,647
1,113
2027
10,287.4
425.1
41.9
157.4
0.0
-309.5
10,804.9
-920.8
 
7,204
1,240
2028
10,878.9
431.1
46.5
178.8
0.0
-298.9
11,436.8
-946.7
 
7,784
1,376
2029
11,478.2
437.3
51.4
201.2
0.0
-287.5
12,076.0
-972.3
 
8,387
1,521
2030
12,084.8
443.6
56.5
224.8
0.0
-275.3
12,721.9
-997.6
 
9,014
1,675
2031
12,698.0
450.0
62.0
249.4
0.0
-262.6
13,374.0
-1,022.7
 
9,666
1,840
2032
13,317.4
456.6
67.6
274.9
0.0
-249.2
14,032.0
-1,047.5
 
10,344
2,016
2033
13,942.2
463.2
73.6
301.4
0.0
-235.3
14,695.3
-1,072.0
 
11,048
2,202
2034
14,571.8
469.9
79.8
328.8
0.0
-220.8
15,363.6
-1,096.3
 
11,780
2,399
2035
15,205.4
476.7
86.8
357.1
0.0
-206.3
16,037.0
-1,120.9
 
12,540
2,607
2036
15,842.1
483.5
94.1
386.4
0.0
-191.3
16,715.2
-1,145.2
 
13,329
2,827
2037
16,481.3
490.5
101.8
416.5
0.0
-175.8
17,397.6
-1,169.3
 
14,149
3,060
2038
17,122.1
497.4
109.9
447.6
0.0
-159.7
18,084.0
-1,193.1
 
15,000
3,305
2039
17,763.7
504.5
118.3
479.9
0.0
-142.9
18,773.8
-1,216.4
 
15,884
3,562
2040
18,405.0
511.6
127.0
513.3
0.0
-125.3
19,466.0
-1,239.1
 
16,801
3,833
2041
19,045.1
518.7
136.1
548.2
0.0
-106.6
20,159.9
-1,260.8
 
17,752
4,118
2042
19,683.0
525.9
145.6
584.7
0.0
-86.8
20,854.1
-1,281.4
 
18,739
4,416
2043
20,317.7
533.1
155.4
622.9
0.0
-65.7
21,547.4
-1,300.7
 
19,763
4,729
2044
20,948.0
540.4
165.7
662.9
0.0
-43.2
22,238.2
-1,318.5
 
20,824
5,057
2045
21,572.9
547.7
176.5
704.8
0.0
-19.5
22,925.4
-1,334.9
 
21,925
5,400
2046
22,192.1
555.1
187.4
748.6
0.0
6.1
23,606.9
-1,349.2
 
23,065
5,758
2047
22,804.5
562.4
198.7
794.0
0.0
32.8
24,281.3
-1,362.0
 
24,248
6,132
2048
23,408.9
569.9
210.5
840.6
0.0
60.2
24,947.8
-1,373.6
 
25,473
6,522
2049
24,001.6
577.4
223.6
888.3
0.0
87.3
25,606.2
-1,385.1
 
26,742
6,928
2050
24,582.2
585.0
236.8
936.9
0.0
115.1
26,255.8
-1,395.4
 
28,057
7,352
2051
25,151.3
592.6
249.7
986.3
0.0
144.0
26,895.2
-1,404.1
 
29,419
7,793
2052
25,708.7
600.4
262.7
1,036.0
0.0
172.9
27,523.9
-1,412.1
 
30,830
8,252
2053
26,259.4
608.2
274.0
1,085.2
0.0
203.0
28,140.6
-1,418.3
 
32,291
8,729
2054
26,803.5
616.2
285.3
1,133.7
0.0
232.3
28,745.6
-1,424.6
 
33,804
9,225
2055
27,341.2
624.2
295.9
1,181.6
0.0
261.5
29,338.6
-1,430.3
 
35,371
9,740
2056
27,872.7
632.4
306.5
1,228.9
0.0
289.9
29,920.2
-1,436.1
 
36,992
10,275
2057
28,398.4
640.8
317.0
1,275.3
0.0
317.5
30,490.8
-1,442.1
 
38,671
10,830
2058
28,918.4
649.2
327.5
1,320.2
0.0
343.5
31,051.7
-1,449.0
 
40,409
11,406
2059
29,433.1
657.8
337.8
1,363.6
0.0
368.0
31,604.2
-1,457.0
 
42,207
12,004
2060
29,942.9
666.5
348.0
1,405.5
0.0
391.1
32,149.6
-1,465.9
 
44,069
12,624
2061
30,448.2
675.3
358.1
1,446.1
0.0
412.8
32,688.9
-1,475.7
 
45,995
13,267
2062
30,949.4
684.2
368.1
1,486.0
0.0
433.8
33,222.8
-1,486.0
 
47,988
13,933
2063
31,446.8
693.1
377.9
1,525.3
0.0
454.2
33,751.6
-1,496.5
 
50,050
14,623
2064
31,941.1
702.2
387.6
1,563.4
0.0
473.5
34,276.5
-1,507.9
 
52,183
15,338
2065
32,432.7
711.4
396.8
1,600.9
0.0
492.8
34,797.2
-1,519.1
 
54,390
16,079
2066
32,922.0
720.7
405.8
1,638.0
0.0
511.5
35,314.3
-1,530.6
 
56,673
16,846
2067
33,409.6
730.0
414.6
1,674.9
0.0
530.2
35,827.6
-1,541.8
 
59,034
17,640
2068
33,896.1
739.5
423.2
1,711.7
0.0
548.9
36,337.0
-1,553.0
 
61,475
18,461
2069
34,381.9
749.1
431.7
1,747.9
0.0
567.1
36,843.0
-1,564.4
 
64,000
19,312
2070
34,867.7
758.7
440.1
1,783.8
0.0
585.0
37,345.8
-1,575.9
 
66,610
20,192
2071
35,353.8
768.5
448.3
1,819.2
0.0
602.5
37,845.6
-1,587.5
 
69,309
21,102
2072
35,840.8
778.3
456.3
1,854.4
0.0
619.7
38,342.6
-1,599.3
 
72,099
22,044
2073
36,329.3
788.3
464.3
1,889.2
0.0
636.7
38,837.2
-1,611.3
 
74,983
23,018
2074
36,819.6
798.3
472.1
1,923.8
0.0
653.4
39,329.2
-1,623.3
 
77,965
24,026
2075
37,312.2
808.5
479.8
1,958.3
0.0
670.0
39,819.0
-1,635.3
 
81,047
25,068
2076
37,807.6
818.8
487.5
1,992.7
0.0
686.4
40,306.6
-1,647.4
 
84,231
26,146
2077
38,306.0
829.2
495.1
2,026.9
0.0
702.7
40,792.0
-1,659.4
 
87,523
27,260
2078
38,808.0
839.7
502.7
2,061.2
0.0
718.8
41,275.4
-1,671.5
 
90,924
28,411
Based on Intermediate Assumptions of the 2003 Trustees Report.

1 General Fund Transfers to the Trust Funds have no effect on the Unified Budget. See memorandum for discussion.
 
Office of the Actuary
Social Security Administration
Revised -- December 8, 2003

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