Representative Jim DeMint's Proposal introduced as H.R. 3177 (108th Congress)

Table 1e -- Comparison of Total Expected Plan Payments under Present Law and DeMint Proposal
Calendar Year	Scheduled ¹ Total OASDI Benefits under Present Law	Present Law OASDI Benefits Expected to be Payable ²	Expected Benefits Payable under DeMint Proposal ³		Expected Payments As Percent of Scheduled Present Law OASDI Benefits
			Expected Benefits Payable under DeMint Proposal ³		Present Law OASDI Benefits Expected to be Payable ²	Expected Benefits Payable under DeMint Proposal ³
			From OASDI Trust Funds	Total with IA annuity ⁴	Present Law OASDI Benefits Expected to be Payable ²	From OASDI Trust Funds	Total with IA annuity ⁴
	Billions of Constant 2003 Dollars				Percent
2003	471	471	471	471	100	100	100
2004	480	480	480	480	100	100	100
2005	489	489	489	489	100	100	100
2006	499	499	499	499	100	100	100
2007	511	511	511	511	100	100	100
2008	526	526	526	526	100	100	100
2009	543	543	543	543	100	100	100
2010	561	561	561	561	100	100	100
2011	580	580	580	580	100	100	100
2012	601	601	599	601	100	100	100
2013	625	625	620	625	100	99	100
2014	650	650	641	650	100	99	100
2015	676	676	664	677	100	98	100
2016	704	704	688	705	100	98	100
2017	734	734	713	736	100	97	100
2018	766	766	738	768	100	96	100
2019	798	798	764	800	100	96	100
2020	832	832	790	834	100	95	100
2021	867	867	817	870	100	94	100
2022	902	902	843	905	100	93	100
2023	935	935	866	939	100	93	100
2024	969	969	888	973	100	92	100
2025	1,002	1,002	910	1,007	100	91	100
2026	1,035	1,035	929	1,040	100	90	101
2027	1,068	1,068	948	1,075	100	89	101
2028	1,100	1,100	965	1,108	100	88	101
2029	1,132	1,132	980	1,141	100	87	101
2030	1,162	1,162	993	1,173	100	85	101
2031	1,192	1,192	1,003	1,204	100	84	101
2032	1,220	1,220	1,010	1,235	100	83	101
2033	1,247	1,247	1,015	1,264	100	81	101
2034	1,273	1,273	1,018	1,292	100	80	101
2035	1,298	1,298	1,019	1,321	100	79	102
2036	1,322	1,322	1,019	1,350	100	77	102
2037	1,346	1,346	1,016	1,379	100	75	102
2038	1,368	1,368	1,011	1,408	100	74	103
2039	1,390	1,390	1,004	1,436	100	72	103
2040	1,412	1,412	995	1,465	100	70	104
2041	1,433	1,433	985	1,495	100	69	104
2042	1,456	1,371	973	1,527	94	67	105
2043	1,478	1,078	961	1,559	73	65	105
2044	1,501	1,093	948	1,593	73	63	106
2045	1,525	1,108	935	1,631	73	61	107
2046	1,550	1,124	924	1,671	72	60	108
2047	1,575	1,139	912	1,713	72	58	109
2048	1,601	1,154	899	1,756	72	56	110
2049	1,628	1,170	882	1,804	72	54	111
2050	1,655	1,185	866	1,853	72	52	112
2051	1,684	1,201	853	1,905	71	51	113
2052	1,713	1,217	841	1,960	71	49	114
2053	1,743	1,233	838	2,014	71	48	116
2054	1,774	1,250	836	2,069	70	47	117
2055	1,804	1,266	830	2,121	70	46	118
2056	1,836	1,283	825	2,174	70	45	118
2057	1,867	1,300	821	2,228	70	44	119
2058	1,898	1,318	818	2,282	69	43	120
2059	1,929	1,335	815	2,337	69	42	121
2060	1,961	1,353	814	2,392	69	42	122
2061	1,992	1,371	813	2,449	69	41	123
2062	2,024	1,390	815	2,506	69	40	124
2063	2,057	1,408	818	2,565	68	40	125
2064	2,090	1,427	823	2,625	68	39	126
2065	2,124	1,446	822	2,677	68	39	126
2066	2,158	1,465	822	2,730	68	38	127
2067	2,193	1,484	824	2,784	68	38	127
2068	2,229	1,503	827	2,838	67	37	127
2069	2,266	1,523	832	2,893	67	37	128
2070	2,303	1,543	839	2,948	67	36	128
2071	2,340	1,563	847	3,003	67	36	128
2072	2,378	1,583	856	3,059	67	36	129
2073	2,417	1,603	867	3,115	66	36	129
2074	2,456	1,624	880	3,171	66	36	129
2075	2,495	1,645	894	3,227	66	36	129
2076	2,535	1,666	909	3,284	66	36	130
2077	2,576	1,687	925	3,341	65	36	130
2078	2,616	1,709	942	3,399	65	36	130
¹ Based on benefit formulas in the law, without regard to adequacy of financing. ² Assuming that benefits would be reduced as needed starting in 2042. ³ Amount from Trust funds is net of benefit offset under the proposal. ⁴ IA annuity includes value of lump-sum distribution at retirement.
						Office of the Chief Actuary Social Security Administration September 9, 2003