Table 2.PSA'. Analysis of OASDI and PSA Operations and Fund Balances AC 5% PSA--Distribution at Retirement to Buy Annuity |
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Distrib- utions from PSA to Buy Annuity |
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OASDI Tax Inc (w/o 1.52)
Less Outgo |
Transition Tax 1998-2069 (1.52 % of Pyrl) |
Borrowing* From (+) Repaymnt To (-) Gen Fund |
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Net OASDI Annual Operations |
Total OASDI Trust Fund End of Yr |
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Net PSA Annual Operations |
Total PSA Balance End of Yr |
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Contri- butions to PSA |
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(percentage of taxable payroll) |
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1998 |
-3.31 |
1.52 |
0.00 |
-1.79 |
19.01 |
4.37 |
0.00 |
4.37 |
4.40 |
2000 |
-3.47 |
1.52 |
0.00 |
-1.95 |
15.89 |
4.47 |
0.00 |
4.47 |
13.87 |
2005 |
-3.43 |
1.52 |
1.50 |
-0.41 |
14.11 |
4.73 |
0.93 |
3.80 |
39.58 |
2010 |
-2.85 |
1.52 |
1.00 |
-0.33 |
13.65 |
4.90 |
1.57 |
3.33 |
62.04 |
2015 |
-2.50 |
1.52 |
0.70 |
-0.28 |
13.30 |
5.00 |
2.25 |
2.75 |
84.11 |
2020 |
-2.29 |
1.52 |
0.63 |
-0.14 |
13.08 |
5.00 |
3.02 |
1.98 |
106.34 |
2025 |
-2.25 |
1.52 |
0.58 |
-0.15 |
13.03 |
5.00 |
3.83 |
1.17 |
127.69 |
2030 |
-2.06 |
1.52 |
0.18 |
-0.36 |
12.88 |
5.00 |
4.69 |
0.31 |
146.97 |
2035 |
-1.62 |
1.52 |
-0.42 |
-0.52 |
12.22 |
5.00 |
5.58 |
-0.58 |
163.72 |
2040 |
-1.02 |
1.52 |
-0.92 |
-0.42 |
11.39 |
5.00 |
6.15 |
-1.15 |
178.62 |
2045 |
-0.51 |
1.52 |
-1.32 |
-0.31 |
10.97 |
5.00 |
6.21 |
-1.21 |
195.39 |
2050 |
-0.20 |
1.52 |
-1.52 |
-0.20 |
10.74 |
5.00 |
6.31 |
-1.31 |
214.34 |
2055 |
-0.09 |
1.52 |
-1.62 |
-0.19 |
10.52 |
5.00 |
6.38 |
-1.38 |
235.67 |
2060 |
-0.06 |
1.52 |
-1.62 |
-0.16 |
10.19 |
5.00 |
6.42 |
-1.42 |
259.57 |
2065 |
-0.05 |
1.52 |
-1.62 |
-0.15 |
9.85 |
5.00 |
6.44 |
-1.44 |
286.35 |
2070 |
-0.06 |
0.00 |
0.00 |
-0.06 |
9.64 |
5.00 |
6.47 |
-1.47 |
316.63 |
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(percentage of Gross Domestic Product) |
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1998 |
-1.37 |
0.63 |
0.00 |
-0.74 |
7.85 |
1.80 |
0.00 |
1.80 |
1.82 |
2000 |
-1.43 |
0.62 |
0.00 |
-0.80 |
6.53 |
1.84 |
0.00 |
1.84 |
5.70 |
2005 |
-1.39 |
0.62 |
0.61 |
-0.17 |
5.73 |
1.92 |
0.38 |
1.54 |
16.07 |
2010 |
-1.15 |
0.61 |
0.40 |
-0.13 |
5.50 |
1.97 |
0.63 |
1.34 |
25.00 |
2015 |
-1.00 |
0.61 |
0.28 |
-0.11 |
5.32 |
2.00 |
0.90 |
1.10 |
33.64 |
2020 |
-0.91 |
0.60 |
0.25 |
-0.06 |
5.18 |
1.98 |
1.19 |
0.79 |
42.11 |
2025 |
-0.88 |
0.60 |
0.23 |
-0.06 |
5.11 |
1.96 |
1.50 |
0.46 |
50.05 |
2030 |
-0.80 |
0.59 |
0.07 |
-0.14 |
5.01 |
1.95 |
1.82 |
0.12 |
57.17 |
2035 |
-0.62 |
0.59 |
-0.16 |
-0.20 |
4.70 |
1.93 |
2.15 |
-0.22 |
63.03 |
2040 |
-0.39 |
0.58 |
-0.35 |
-0.16 |
4.34 |
1.91 |
2.34 |
-0.44 |
68.05 |
2045 |
-0.19 |
0.57 |
-0.50 |
-0.12 |
4.14 |
1.89 |
2.34 |
-0.45 |
73.66 |
2050 |
-0.07 |
0.57 |
-0.57 |
-0.07 |
4.02 |
1.87 |
2.36 |
-0.49 |
80.16 |
2055 |
-0.03 |
0.56 |
-0.60 |
-0.07 |
3.89 |
1.85 |
2.36 |
-0.51 |
87.20 |
2060 |
-0.02 |
0.56 |
-0.59 |
-0.06 |
3.74 |
1.84 |
2.35 |
-0.52 |
95.26 |
2065 |
-0.02 |
0.55 |
-0.59 |
-0.05 |
3.58 |
1.82 |
2.34 |
-0.52 |
103.95 |
2070 |
-0.02 |
0.00 |
0.00 |
-0.02 |
3.47 |
1.80 |
2.33 |
-0.53 |
113.99 |
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* Borrowing for 2002 through 2004 is 1.97 percent of payroll. Note: Net annual operations are net cash flow in and out of fund and thus exclude internally compounding interest. Trust fund and PSA accumulated balances at end of year include interest. Based on Intermediate Assumptions of the 1995 Trustees Report |
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Office of the Actuary |
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Social Security Administration |
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15-Oct-96 |
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www.socialsecurity.gov