Short-Range Actuarial Projections |
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ACTUARIAL STUDY NO. 119
by Chris Motsiopoulos and Richard B. Tucker | |||||
|
Year 1
|
Components of principal amount of transfer to Railroad Retirement program
|
Accumulation
factor |
Transfer to Railroad
Retirement program |
|||||||
|---|---|---|---|---|---|---|---|---|---|---|
|
Benefit
payments |
Administrative
expenses |
Payroll
taxes |
Military service adjustment
|
Benefit
taxes 2 |
Interest
|
Total
principal |
Amount
|
Date paid
|
||
|
OASI
|
||||||||||
|
1980
|
$2,493.7
|
$19.4
|
$1,060.2
|
...
|
...
|
$110.7
|
$1,491.1
|
1.0629
|
$1,584.9
|
June 2, 1981
|
|
1985
|
3,457.4
|
22.7
|
1,255.4
|
...
|
$62.4
|
408.8
|
2,414.9
|
1.0705
|
2,585.1
|
June 2, 1986
|
|
1990
|
4,202.8
|
17.4
|
1,277.7
|
...
|
40.6
|
452.7
|
3,184.1
|
1.0598
|
3,374.6
|
June 3, 1991
|
|
1995
|
4,638.4
|
17.0
|
1,270.3
|
$51.2
|
46.9
|
276.5
|
3,391.0
|
1.0481
|
3,554.1
|
June 3, 1996
|
|
1996
|
4,712.2
|
14.8
|
1,290.8
|
...
|
44.3
|
296.6
|
3,525.4
|
1.0461
|
3,688.1
|
June 2, 1997
|
|
1997
|
4,772.5
|
17.4
|
1,340.5
|
...
|
54.7
|
268.7
|
3,500.7
|
1.0461
|
3,662.2
|
June 2, 1998
|
|
1998
|
4,829.4
|
15.8
|
1,366.9
|
...
|
56.7
|
261.7
|
3,521.8
|
1.0453
|
3,681.4
|
June 2, 1999
|
|
1999
|
4,815.8
|
12.5
|
1,440.0
|
...
|
96.2
|
257.6
|
3,390.1
|
1.0437
|
3,538.2
|
June 2, 2000
|
|
2000
|
4,853.7
|
14.6
|
1,378.3
|
326.1
|
138.5
|
257.9
|
3,135.2
|
1.0440
|
3,273.1
|
June 4, 2001
|
|
2001
|
4,779.2
|
12.3
|
1,419.4
|
...
|
93.7
|
211.6
|
3,352.1
|
1.0421
|
3,493.3
|
June 3, 2002
|
|
2002
|
4,803.1
|
14.6
|
1,416.0
|
...
|
88.7
|
280.7
|
3,452.5
|
1.0369
|
3,580.0
|
June 2, 2003
|
|
2003
|
4,887.8
|
15.1
|
1,384.1
|
...
|
108.2
|
229.9
|
3,513.0
|
1.0328
|
3,628.1
|
June 2, 2004
|
|
2004
|
4,870.8
|
14.7
|
1,458.5
|
...
|
116.6
|
238.4
|
3,433.7
|
1.0294
|
3,534.5
|
June 2, 2005
|
|
2005
|
4,968.1
|
14.9
|
1,473.3
|
158.9
|
113.5
|
233.9
|
3,370.3
|
1.0294
|
3,469.3
|
June 1, 2006
|
|
2006
|
5,034.4
|
15.1
|
1,504.8
|
...
|
116.0
|
222.7
|
3,552.4
|
1.0338
|
3,672.6
|
June 1, 2007
|
|
2007
|
5,087.9
|
15.3
|
1,540.8
|
...
|
126.3
|
227.2
|
3,543.1
|
1.0353
|
3,668.1
|
June 1, 2008
|
|
2008
|
5,167.2
|
15.5
|
1,575.7
|
...
|
141.2
|
227.2
|
3,568.0
|
1.0353
|
3,693.8
|
June 1, 2009
|
|
2009
|
5,261.1
|
15.7
|
1,615.4
|
...
|
145.6
|
229.9
|
3,619.9
|
1.0361
|
3,750.5
|
June 1, 2010
|
|
2010
|
5,397.5
|
15.9
|
1,650.1
|
173.6
|
150.1
|
240.0
|
3,549.0
|
1.0369
|
3,680.0
|
June 1, 2011
|
|
2011
|
5,538.3
|
16.1
|
1,685.9
|
...
|
171.8
|
236.0
|
3,801.7
|
1.0373
|
3,943.3
|
June 1, 2012
|
|
2012
|
5,712.1
|
16.4
|
1,717.6
|
...
|
191.6
|
249.8
|
3,927.4
|
1.0371
|
4,073.0
|
June 1, 2013
|
|
2013
|
5,909.3
|
16.6
|
1,753.3
|
...
|
210.5
|
272.6
|
4,089.0
|
1.0369
|
4,240.0
|
June 1, 2014
|
|
2014
|
6,123.9
|
16.9
|
1,791.2
|
...
|
221.4
|
276.5
|
4,253.7
|
1.0369
|
4,410.7
|
June 1, 2015
|
|
DI
|
||||||||||
|
1980
|
168.1
|
2.2
|
144.6
|
...
|
...
|
1.5
|
27.7
|
1.0614
|
29.4
|
June 2, 1981
|
|
1985
|
176.1
|
2.3
|
121.0
|
...
|
4.3
|
12.9
|
63.2
|
1.0712
|
67.7
|
June 2, 1986
|
|
1990
|
191.7
|
3.4
|
131.9
|
...
|
.9
|
19.8
|
77.5
|
1.0594
|
82.1
|
June 3, 1991
|
|
1995
|
269.9
|
3.6
|
226.8
|
41.5
|
1.1
|
.9
|
2.1
|
1.0481
|
2.2
|
June 3, 1996
|
|
1996
|
276.8
|
4.2
|
230.6
|
...
|
1.1
|
7.3
|
56.5
|
1.0461
|
59.1
|
June 2, 1997
|
|
1997
|
319.1
|
5.1
|
218.8
|
...
|
1.4
|
48.5
|
149.9
|
1.0461
|
156.8
|
June 2, 1998
|
|
1998
|
323.4
|
4.9
|
216.9
|
...
|
1.4
|
25.7
|
128.8
|
1.0453
|
134.6
|
June 2, 1999
|
|
1999
|
359.5
|
7.8
|
228.9
|
...
|
2.4
|
22.5
|
152.7
|
1.0437
|
159.4
|
June 2, 2000
|
|
2000
|
364.2
|
6.4
|
230.5
|
145.0
|
3.6
|
24.5
|
9.3
|
1.0440
|
9.7
|
June 4, 2001
|
|
2001
|
386.5
|
2.5
|
240.8
|
...
|
3.0
|
2.5
|
147.3
|
1.0421
|
153.5
|
June 3, 2002
|
|
2002
|
393.1
|
6.7
|
240.5
|
...
|
3.0
|
11.3
|
161.4
|
1.0369
|
167.4
|
June 2, 2003
|
|
2003
|
444.3
|
3.4
|
235.0
|
...
|
3.8
|
5.7
|
208.6
|
1.0328
|
215.4
|
June 2, 2004
|
|
2004
|
488.8
|
4.2
|
247.7
|
...
|
4.6
|
15.9
|
249.8
|
1.0292
|
257.1
|
June 2, 2005
|
|
2005
|
537.9
|
4.3
|
250.2
|
20.2
|
4.7
|
18.9
|
278.7
|
1.0294
|
286.9
|
June 1, 2006
|
|
2006
|
572.7
|
4.3
|
255.5
|
...
|
5.2
|
19.9
|
328.0
|
1.0337
|
339.1
|
June 1, 2007
|
|
2007
|
604.2
|
4.4
|
261.6
|
...
|
5.9
|
22.2
|
352.2
|
1.0353
|
364.6
|
June 1, 2008
|
|
2008
|
637.8
|
4.4
|
267.6
|
...
|
7.0
|
23.7
|
378.9
|
1.0351
|
392.3
|
June 1, 2009
|
|
2009
|
668.8
|
4.5
|
274.3
|
...
|
7.6
|
25.4
|
403.5
|
1.0360
|
418.0
|
June 1, 2010
|
|
2010
|
694.2
|
4.6
|
280.2
|
1.6
|
8.1
|
26.9
|
421.2
|
1.0368
|
436.8
|
June 1, 2011
|
|
2011
|
713.8
|
4.6
|
286.3
|
...
|
9.5
|
27.8
|
434.9
|
1.0374
|
451.1
|
June 1, 2012
|
|
2012
|
723.7
|
4.7
|
291.7
|
...
|
10.7
|
28.4
|
438.1
|
1.0371
|
454.4
|
June 1, 2013
|
|
2013
|
730.2
|
4.8
|
297.7
|
...
|
11.9
|
28.6
|
437.7
|
1.0370
|
453.9
|
June 1, 2014
|
|
2014
|
722.3
|
4.9
|
304.2
|
...
|
12.0
|
28.3
|
423.2
|
1.0370
|
438.8
|
June 1, 2015
|
| 1Defined as the period October 1-September 30 (see Public Law 93-344). 2Benefit taxes not payable until 1984. |
Sources:
Note: Future estimates based on 2005 Trustees Report intermediate set of assumptions.