Table1—Hagel Plan
Tax IA like benefits
IA to Estate at Death <65 If No Survivor
Ultimate Real Trust Fund Yield Rate of 3.00
Benefit Offset Real Yield Rate Set at 3.00
Benefit Offset Real Discount Rate Set at 3.00
IA Contribution is 4% of taxable earnings starting in 2006
Assumed Participation in Voluntary IA: 66.7%
Benefit Offset: 100.0%
Year
Cost
Rate1
Income
Rate
Annual
Balance
TFR
1-1-yr
"Effective"
Change
in OASDI
Contribution
Rate
"Effective"
OASDI
Contribution
Rate2
General
Revenue
Transfer
"Effective"
IA
Contribution
Rate
2004
11.07
12.71
1.64
306
 
12.40
 
0.00
2005
10.87
12.73
1.86
325
 
12.40
 
0.00
2006
10.77
11.27
0.50
347
-1.465
10.94
 
1.46
2007
10.75
11.14
0.40
353
-0.142
10.79
 
1.61
2008
10.80
11.12
0.33
357
-0.061
10.73
 
1.67
2009
10.95
11.05
0.10
357
-0.062
10.67
 
1.73
2010
11.08
11.01
-0.07
356
-0.063
10.61
 
1.79
2011
11.25
10.99
-0.25
352
-0.065
10.54
 
1.86
2012
11.50
10.96
-0.54
346
-0.063
10.48
 
1.92
2013
11.76
10.93
-0.83
338
-0.063
10.42
 
1.98
2014
12.02
10.88
-1.14
328
-0.063
10.35
 
2.05
2015
12.30
10.84
-1.47
315
-0.062
10.29
 
2.11
2016
12.61
10.80
-1.81
299
-0.059
10.23
 
2.17
2017
12.92
10.76
-2.17
282
-0.057
10.18
 
2.22
2018
13.25
10.72
-2.52
263
-0.054
10.12
 
2.28
2019
13.58
10.69
-2.89
242
-0.051
10.07
 
2.33
2020
13.93
10.66
-3.27
219
-0.048
10.02
 
2.38
2021
14.27
10.64
-3.63
194
-0.044
9.98
 
2.42
2022
14.57
10.62
-3.95
168
-0.040
9.94
 
2.46
2023
14.77
10.60
-4.18
142
-0.036
9.90
 
2.50
2024
14.81
12.37
-2.44
116
1.769
11.67
1.8
2.53
2025
15.02
14.96
-0.06
100
2.574
14.24
4.4
2.56
2026
15.18
15.05
-0.13
100
0.078
14.32
4.5
2.58
2027
15.32
15.14
-0.17
100
0.082
14.40
4.6
2.60
2028
15.42
15.14
-0.28
100
-0.014
14.39
4.6
2.61
2029
15.37
15.13
-0.24
100
-0.011
14.38
4.6
2.62
2030
15.43
15.33
-0.09
100
0.190
14.57
4.8
2.63
2031
15.50
15.34
-0.17
100
-0.009
14.56
4.8
2.64
2032
15.56
15.34
-0.22
100
-0.008
14.55
4.8
2.65
2033
15.58
15.34
-0.24
100
-0.007
14.54
4.8
2.66
2034
15.57
15.24
-0.33
100
-0.106
14.44
4.7
2.66
2035
15.53
15.24
-0.29
100
-0.005
14.43
4.7
2.67
2036
15.47
15.15
-0.32
100
-0.100
14.33
4.6
2.67
2037
15.38
14.95
-0.43
100
-0.200
14.13
4.4
2.67
2038
15.26
14.95
-0.31
100
0.000
14.13
4.4
2.67
2039
15.13
14.75
-0.38
100
-0.200
13.93
4.2
2.67
2040
14.99
14.65
-0.34
100
-0.100
13.83
4.1
2.67
2041
14.84
14.45
-0.39
100
-0.200
13.63
3.9
2.67
2042
14.68
14.25
-0.43
100
-0.200
13.43
3.7
2.67
2043
14.52
14.15
-0.37
100
-0.100
13.33
3.6
2.67
2044
14.35
13.95
-0.40
100
-0.200
13.13
3.4
2.67
2045
14.18
13.75
-0.43
100
-0.200
12.93
3.2
2.67
2046
14.01
13.65
-0.35
100
-0.100
12.83
3.1
2.67
2047
13.84
13.46
-0.38
100
-0.200
12.63
2.9
2.67
2048
13.67
13.26
-0.42
100
-0.200
12.43
2.7
2.67
2049
13.51
13.16
-0.35
100
-0.100
12.33
2.6
2.67
2050
13.34
12.96
-0.38
100
-0.200
12.13
2.4
2.67
2051
13.19
12.86
-0.33
100
-0.100
12.03
2.3
2.67
2052
13.05
12.67
-0.38
100
-0.200
11.83
2.1
2.67
2053
12.91
12.57
-0.34
100
-0.100
11.73
2.0
2.67
2054
12.77
12.37
-0.40
100
-0.200
11.53
1.8
2.67
2055
12.64
12.28
-0.36
100
-0.100
11.43
1.7
2.67
2056
12.51
12.18
-0.33
100
-0.100
11.33
1.6
2.67
2057
12.38
12.09
-0.29
100
-0.100
11.23
1.5
2.67
2058
12.25
11.90
-0.35
100
-0.200
11.03
1.3
2.67
2059
12.11
11.80
-0.31
100
-0.100
10.93
1.2
2.67
2060
11.96
11.61
-0.36
100
-0.200
10.73
1.0
2.67
2061
11.81
11.51
-0.30
100
-0.100
10.63
0.9
2.67
2062
11.67
11.32
-0.35
100
-0.200
10.43
0.7
2.67
2063
11.53
11.33
-0.21
100
0.000
10.43
0.7
2.67
2064
11.48
11.23
-0.25
100
-0.100
10.33
0.6
2.67
2065
11.43
11.13
-0.29
100
-0.100
10.23
0.5
2.67
2066
11.37
11.14
-0.24
100
0.000
10.23
0.5
2.67
2067
11.33
11.14
-0.19
100
0.000
10.23
0.5
2.67
2068
11.28
11.04
-0.24
100
-0.100
10.13
0.4
2.67
2069
11.23
11.04
-0.19
100
0.000
10.13
0.4
2.67
2070
11.18
10.94
-0.24
100
-0.100
10.03
0.3
2.67
2071
11.14
10.89
-0.25
100
-0.050
9.98
0.3
2.67
2072
11.10
10.84
-0.25
100
-0.050
9.93
0.2
2.67
2073
11.06
10.84
-0.21
100
0.000
9.93
0.2
2.67
2074
11.02
10.84
-0.18
100
0.000
9.93
0.2
2.67
2075
10.98
10.74
-0.24
100
-0.100
9.83
0.1
2.67
2076
10.95
10.74
-0.21
100
0.000
9.83
0.1
2.67
2077
10.92
10.74
-0.18
100
0.000
9.83
0.1
2.67
2078
10.89
10.64
-0.24
100
-0.100
9.73
 
2.67
2079
10.86
10.64
-0.22
100
0.000
9.73
 
2.67
2004 -
2078
Summarized OASDI
 
Cost Rate
Income Rate
Actuarial
Balance
Change in
Actuarial Balance
13.18
13.18
0.00
1.89

1Net of Benefit Offset.

2Including General Revenue Transfer.

Based on Intermediate Assumptions of the 2004 Trustees Report With Ultimate Real Trust Fund Interest Rate of 3.00

Office of the Actuary
Social Security Administration
March 9, 2005

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