|   
Year
 
 | 
      
Proposal
 
 | 
      
Theoretical Social Security with PAYGO Transfers
 
 | 
||||||
|---|---|---|---|---|---|---|---|---|
|   
Net Amount of Cash-Flow from the OASDI 
Trust Funds to the General Fund of the Treasury During the Year1  | 
      
Net Amount of Cash-Flow from the OASDI 
Trust Funds to the General Fund of the Treasury During the Year1  | 
|||||||
|   
Percent 
of Payroll  | 
      
Billions of Dollars
 
 | 
      
Percent 
of Payroll  | 
      
Billions of Dollars
 
 | 
|||||
|   
Current
 
 | 
      
Present Value 
1/1/2004  | 
      
Constant 
2004  | 
      
Current
 
 | 
      
Present Value 
1/1/2004  | 
      
Constant 
2004  | 
|||
|   
2004
 
 | 
      
1.4
 
 | 
      
65
 
 | 
      
63
 
 | 
      
65
 
 | 
      
1.4
 
 | 
      
65
 
 | 
      
63
 
 | 
      
65
 
 | 
|   
2005
 
 | 
      
-2.1
 
 | 
      
-102
 
 | 
      
-94
 
 | 
      
-101
 
 | 
      
1.9
 
 | 
      
89
 
 | 
      
82
 
 | 
      
87
 
 | 
|   
2006
 
 | 
      
-2.4
 
 | 
      
-122
 
 | 
      
-106
 
 | 
      
-118
 
 | 
      
1.9
 
 | 
      
97
 
 | 
      
85
 
 | 
      
94
 
 | 
|   
2007
 
 | 
      
-2.5
 
 | 
      
-132
 
 | 
      
-110
 
 | 
      
-125
 
 | 
      
2.0
 
 | 
      
105
 
 | 
      
87
 
 | 
      
99
 
 | 
|   
2008
 
 | 
      
-2.7
 
 | 
      
-147
 
 | 
      
-115
 
 | 
      
-135
 
 | 
      
2.0
 
 | 
      
109
 
 | 
      
86
 
 | 
      
100
 
 | 
|   
2009
 
 | 
      
-3.0
 
 | 
      
-171
 
 | 
      
-127
 
 | 
      
-152
 
 | 
      
1.8
 
 | 
      
105
 
 | 
      
78
 
 | 
      
93
 
 | 
|   
2010
 
 | 
      
-3.2
 
 | 
      
-193
 
 | 
      
-136
 
 | 
      
-168
 
 | 
      
1.7
 
 | 
      
103
 
 | 
      
73
 
 | 
      
89
 
 | 
|   
2011
 
 | 
      
-3.4
 
 | 
      
-217
 
 | 
      
-145
 
 | 
      
-183
 
 | 
      
1.6
 
 | 
      
101
 
 | 
      
67
 
 | 
      
85
 
 | 
|   
2012
 
 | 
      
-3.7
 
 | 
      
-244
 
 | 
      
-154
 
 | 
      
-200
 
 | 
      
1.4
 
 | 
      
91
 
 | 
      
58
 
 | 
      
75
 
 | 
|   
2013
 
 | 
      
-4.0
 
 | 
      
-277
 
 | 
      
-166
 
 | 
      
-221
 
 | 
      
1.1
 
 | 
      
79
 
 | 
      
47
 
 | 
      
63
 
 | 
|   
2014
 
 | 
      
-4.3
 
 | 
      
-312
 
 | 
      
-177
 
 | 
      
-243
 
 | 
      
0.9
 
 | 
      
65
 
 | 
      
37
 
 | 
      
50
 
 | 
|   
2015
 
 | 
      
-4.6
 
 | 
      
-349
 
 | 
      
-187
 
 | 
      
-264
 
 | 
      
0.6
 
 | 
      
48
 
 | 
      
25
 
 | 
      
36
 
 | 
|   
2016
 
 | 
      
-5.7
 
 | 
      
-450
 
 | 
      
-228
 
 | 
      
-331
 
 | 
      
0.3
 
 | 
      
27
 
 | 
      
14
 
 | 
      
20
 
 | 
|   
2017
 
 | 
      
-6.4
 
 | 
      
-529
 
 | 
      
-253
 
 | 
      
-379
 
 | 
      
0.0
 
 | 
      
4
 
 | 
      
2
 
 | 
      
3
 
 | 
|   
2018
 
 | 
      
-7.1
 
 | 
      
-613
 
 | 
      
-277
 
 | 
      
-427
 
 | 
      
-0.3
 
 | 
      
-22
 
 | 
      
-10
 
 | 
      
-15
 
 | 
|   
2019
 
 | 
      
-7.8
 
 | 
      
-701
 
 | 
      
-299
 
 | 
      
-474
 
 | 
      
-0.6
 
 | 
      
-51
 
 | 
      
-22
 
 | 
      
-35
 
 | 
|   
2020
 
 | 
      
-8.5
 
 | 
      
-789
 
 | 
      
-318
 
 | 
      
-520
 
 | 
      
-0.9
 
 | 
      
-84
 
 | 
      
-34
 
 | 
      
-55
 
 | 
|   
2021
 
 | 
      
-8.5
 
 | 
      
-824
 
 | 
      
-314
 
 | 
      
-528
 
 | 
      
-1.2
 
 | 
      
-119
 
 | 
      
-45
 
 | 
      
-76
 
 | 
|   
2022
 
 | 
      
-8.8
 
 | 
      
-891
 
 | 
      
-320
 
 | 
      
-555
 
 | 
      
-1.5
 
 | 
      
-155
 
 | 
      
-56
 
 | 
      
-97
 
 | 
|   
2023
 
 | 
      
-9.0
 
 | 
      
-953
 
 | 
      
-324
 
 | 
      
-578
 
 | 
      
-1.8
 
 | 
      
-195
 
 | 
      
-66
 
 | 
      
-118
 
 | 
|   
2024
 
 | 
      
-9.1
 
 | 
      
-1,005
 
 | 
      
-323
 
 | 
      
-593
 
 | 
      
-2.1
 
 | 
      
-236
 
 | 
      
-76
 
 | 
      
-139
 
 | 
|   
2025
 
 | 
      
-9.1
 
 | 
      
-1,048
 
 | 
      
-317
 
 | 
      
-601
 
 | 
      
-2.4
 
 | 
      
-279
 
 | 
      
-85
 
 | 
      
-160
 
 | 
|   
2026
 
 | 
      
-9.2
 
 | 
      
-1,092
 
 | 
      
-313
 
 | 
      
-610
 
 | 
      
-2.7
 
 | 
      
-324
 
 | 
      
-93
 
 | 
      
-181
 
 | 
|   
2027
 
 | 
      
-10.2
 
 | 
      
-1,262
 
 | 
      
-341
 
 | 
      
-685
 
 | 
      
-3.0
 
 | 
      
-370
 
 | 
      
-100
 
 | 
      
-201
 
 | 
|   
2028
 
 | 
      
-10.3
 
 | 
      
-1,335
 
 | 
      
-341
 
 | 
      
-705
 
 | 
      
-3.2
 
 | 
      
-416
 
 | 
      
-106
 
 | 
      
-220
 
 | 
|   
2029
 
 | 
      
-10.2
 
 | 
      
-1,381
 
 | 
      
-333
 
 | 
      
-710
 
 | 
      
-3.4
 
 | 
      
-463
 
 | 
      
-112
 
 | 
      
-238
 
 | 
|   
2030
 
 | 
      
-10.1
 
 | 
      
-1,415
 
 | 
      
-322
 
 | 
      
-707
 
 | 
      
-3.6
 
 | 
      
-510
 
 | 
      
-116
 
 | 
      
-255
 
 | 
|   
2031
 
 | 
      
-10.0
 
 | 
      
-1,462
 
 | 
      
-314
 
 | 
      
-711
 
 | 
      
-3.8
 
 | 
      
-558
 
 | 
      
-120
 
 | 
      
-271
 
 | 
|   
2032
 
 | 
      
-9.1
 
 | 
      
-1,394
 
 | 
      
-283
 
 | 
      
-659
 
 | 
      
-4.0
 
 | 
      
-606
 
 | 
      
-123
 
 | 
      
-287
 
 | 
|   
2033
 
 | 
      
-8.4
 
 | 
      
-1,331
 
 | 
      
-255
 
 | 
      
-612
 
 | 
      
-4.1
 
 | 
      
-653
 
 | 
      
-125
 
 | 
      
-300
 
 | 
|   
2034
 
 | 
      
-7.6
 
 | 
      
-1,260
 
 | 
      
-228
 
 | 
      
-564
 
 | 
      
-4.2
 
 | 
      
-699
 
 | 
      
-127
 
 | 
      
-313
 
 | 
|   
2035
 
 | 
      
-6.9
 
 | 
      
-1,191
 
 | 
      
-204
 
 | 
      
-518
 
 | 
      
-4.3
 
 | 
      
-744
 
 | 
      
-127
 
 | 
      
-324
 
 | 
|   
2036
 
 | 
      
-6.2
 
 | 
      
-1,116
 
 | 
      
-180
 
 | 
      
-473
 
 | 
      
-4.4
 
 | 
      
-788
 
 | 
      
-127
 
 | 
      
-334
 
 | 
|   
2037
 
 | 
      
-5.5
 
 | 
      
-1,029
 
 | 
      
-157
 
 | 
      
-424
 
 | 
      
-4.4
 
 | 
      
-831
 
 | 
      
-127
 
 | 
      
-343
 
 | 
|   
2038
 
 | 
      
-4.8
 
 | 
      
-938
 
 | 
      
-135
 
 | 
      
-376
 
 | 
      
-4.5
 
 | 
      
-873
 
 | 
      
-126
 
 | 
      
-350
 
 | 
|   
2039
 
 | 
      
-4.1
 
 | 
      
-835
 
 | 
      
-114
 
 | 
      
-325
 
 | 
      
-4.5
 
 | 
      
-915
 
 | 
      
-124
 
 | 
      
-357
 
 | 
|   
2040
 
 | 
      
-3.4
 
 | 
      
-729
 
 | 
      
-94
 
 | 
      
-276
 
 | 
      
-4.5
 
 | 
      
-956
 
 | 
      
-123
 
 | 
      
-363
 
 | 
|   
2041
 
 | 
      
-2.8
 
 | 
      
-617
 
 | 
      
-75
 
 | 
      
-227
 
 | 
      
-4.5
 
 | 
      
-1,000
 
 | 
      
-121
 
 | 
      
-369
 
 | 
|   
2042
 
 | 
      
-2.2
 
 | 
      
-500
 
 | 
      
-57
 
 | 
      
-179
 
 | 
      
-4.5
 
 | 
      
-1,045
 
 | 
      
-120
 
 | 
      
-375
 
 | 
|   
2043
 
 | 
      
-1.6
 
 | 
      
-386
 
 | 
      
-42
 
 | 
      
-135
 
 | 
      
-4.5
 
 | 
      
-1,091
 
 | 
      
-118
 
 | 
      
-381
 
 | 
|   
2044
 
 | 
      
-1.1
 
 | 
      
-268
 
 | 
      
-27
 
 | 
      
-91
 
 | 
      
-4.5
 
 | 
      
-1,139
 
 | 
      
-116
 
 | 
      
-387
 
 | 
|   
2045
 
 | 
      
-0.5
 
 | 
      
-123
 
 | 
      
-12
 
 | 
      
-41
 
 | 
      
-4.5
 
 | 
      
-1,189
 
 | 
      
-115
 
 | 
      
-393
 
 | 
|   
2046
 
 | 
      
0.0
 
 | 
      
5
 
 | 
      
0
 
 | 
      
2
 
 | 
      
-4.6
 
 | 
      
-1,241
 
 | 
      
-113
 
 | 
      
-399
 
 | 
|   
2047
 
 | 
      
0.5
 
 | 
      
138
 
 | 
      
12
 
 | 
      
43
 
 | 
      
-4.6
 
 | 
      
-1,297
 
 | 
      
-112
 
 | 
      
-405
 
 | 
|   
2048
 
 | 
      
0.9
 
 | 
      
271
 
 | 
      
22
 
 | 
      
82
 
 | 
      
-4.6
 
 | 
      
-1,355
 
 | 
      
-110
 
 | 
      
-412
 
 | 
|   
2049
 
 | 
      
1.3
 
 | 
      
405
 
 | 
      
31
 
 | 
      
120
 
 | 
      
-4.6
 
 | 
      
-1,417
 
 | 
      
-109
 
 | 
      
-419
 
 | 
|   
2050
 
 | 
      
2.3
 
 | 
      
754
 
 | 
      
55
 
 | 
      
217
 
 | 
      
-4.6
 
 | 
      
-1,483
 
 | 
      
-108
 
 | 
      
-427
 
 | 
|   
2051
 
 | 
      
2.4
 
 | 
      
818
 
 | 
      
56
 
 | 
      
229
 
 | 
      
-4.6
 
 | 
      
-1,555
 
 | 
      
-107
 
 | 
      
-435
 
 | 
|   
2052
 
 | 
      
2.5
 
 | 
      
880
 
 | 
      
57
 
 | 
      
240
 
 | 
      
-4.7
 
 | 
      
-1,634
 
 | 
      
-106
 
 | 
      
-445
 
 | 
|   
2053
 
 | 
      
2.6
 
 | 
      
941
 
 | 
      
58
 
 | 
      
249
 
 | 
      
-4.7
 
 | 
      
-1,717
 
 | 
      
-105
 
 | 
      
-455
 
 | 
|   
2054
 
 | 
      
2.6
 
 | 
      
1,002
 
 | 
      
58
 
 | 
      
258
 
 | 
      
-4.8
 
 | 
      
-1,805
 
 | 
      
-104
 
 | 
      
-465
 
 | 
|   
2055
 
 | 
      
2.7
 
 | 
      
1,062
 
 | 
      
58
 
 | 
      
266
 
 | 
      
-4.8
 
 | 
      
-1,899
 
 | 
      
-104
 
 | 
      
-476
 
 | 
|   
2056
 
 | 
      
2.7
 
 | 
      
1,123
 
 | 
      
58
 
 | 
      
274
 
 | 
      
-4.9
 
 | 
      
-1,999
 
 | 
      
-103
 
 | 
      
-487
 
 | 
|   
2057
 
 | 
      
2.8
 
 | 
      
1,185
 
 | 
      
58
 
 | 
      
281
 
 | 
      
-4.9
 
 | 
      
-2,104
 
 | 
      
-102
 
 | 
      
-499
 
 | 
|   
2058
 
 | 
      
2.8
 
 | 
      
1,247
 
 | 
      
57
 
 | 
      
288
 
 | 
      
-5.0
 
 | 
      
-2,214
 
 | 
      
-102
 
 | 
      
-511
 
 | 
|   
2059
 
 | 
      
2.8
 
 | 
      
1,310
 
 | 
      
57
 
 | 
      
294
 
 | 
      
-5.0
 
 | 
      
-2,328
 
 | 
      
-101
 
 | 
      
-522
 
 | 
|   
2060
 
 | 
      
2.9
 
 | 
      
1,385
 
 | 
      
57
 
 | 
      
302
 
 | 
      
-5.1
 
 | 
      
-2,447
 
 | 
      
-100
 
 | 
      
-534
 
 | 
|   
2061
 
 | 
      
2.9
 
 | 
      
1,446
 
 | 
      
56
 
 | 
      
307
 
 | 
      
-5.1
 
 | 
      
-2,574
 
 | 
      
-100
 
 | 
      
-547
 
 | 
|   
2062
 
 | 
      
2.9
 
 | 
      
1,507
 
 | 
      
55
 
 | 
      
311
 
 | 
      
-5.2
 
 | 
      
-2,709
 
 | 
      
-99
 
 | 
      
-560
 
 | 
|   
2063
 
 | 
      
2.9
 
 | 
      
1,571
 
 | 
      
54
 
 | 
      
316
 
 | 
      
-5.2
 
 | 
      
-2,854
 
 | 
      
-98
 
 | 
      
-574
 
 | 
|   
2064
 
 | 
      
2.9
 
 | 
      
1,635
 
 | 
      
53
 
 | 
      
320
 
 | 
      
-5.3
 
 | 
      
-3,003
 
 | 
      
-98
 
 | 
      
-587
 
 | 
|   
2065
 
 | 
      
2.9
 
 | 
      
1,703
 
 | 
      
52
 
 | 
      
324
 
 | 
      
-5.3
 
 | 
      
-3,157
 
 | 
      
-97
 
 | 
      
-600
 
 | 
|   
2066
 
 | 
      
2.9
 
 | 
      
1,775
 
 | 
      
52
 
 | 
      
328
 
 | 
      
-5.4
 
 | 
      
-3,319
 
 | 
      
-96
 
 | 
      
-614
 
 | 
|   
2067
 
 | 
      
2.9
 
 | 
      
1,851
 
 | 
      
51
 
 | 
      
333
 
 | 
      
-5.4
 
 | 
      
-3,489
 
 | 
      
-96
 
 | 
      
-628
 
 | 
|   
2068
 
 | 
      
2.9
 
 | 
      
1,934
 
 | 
      
50
 
 | 
      
339
 
 | 
      
-5.5
 
 | 
      
-3,665
 
 | 
      
-95
 
 | 
      
-641
 
 | 
|   
2069
 
 | 
      
2.9
 
 | 
      
2,019
 
 | 
      
49
 
 | 
      
344
 
 | 
      
-5.5
 
 | 
      
-3,847
 
 | 
      
-94
 
 | 
      
-655
 
 | 
|   
2070
 
 | 
      
2.9
 
 | 
      
2,105
 
 | 
      
49
 
 | 
      
349
 
 | 
      
-5.6
 
 | 
      
-4,037
 
 | 
      
-93
 
 | 
      
-669
 
 | 
|   
2071
 
 | 
      
2.9
 
 | 
      
2,195
 
 | 
      
48
 
 | 
      
354
 
 | 
      
-5.6
 
 | 
      
-4,235
 
 | 
      
-92
 
 | 
      
-682
 
 | 
|   
2072
 
 | 
      
2.9
 
 | 
      
2,288
 
 | 
      
47
 
 | 
      
359
 
 | 
      
-5.7
 
 | 
      
-4,442
 
 | 
      
-92
 
 | 
      
-696
 
 | 
|   
2073
 
 | 
      
2.9
 
 | 
      
2,386
 
 | 
      
46
 
 | 
      
364
 
 | 
      
-5.7
 
 | 
      
-4,660
 
 | 
      
-91
 
 | 
      
-710
 
 | 
|   
2074
 
 | 
      
2.9
 
 | 
      
2,487
 
 | 
      
46
 
 | 
      
369
 
 | 
      
-5.7
 
 | 
      
-4,888
 
 | 
      
-90
 
 | 
      
-725
 
 | 
|   
2075
 
 | 
      
2.9
 
 | 
      
2,593
 
 | 
      
45
 
 | 
      
374
 
 | 
      
-5.8
 
 | 
      
-5,127
 
 | 
      
-89
 
 | 
      
-740
 
 | 
|   
2076
 
 | 
      
2.9
 
 | 
      
2,703
 
 | 
      
44
 
 | 
      
379
 
 | 
      
-5.8
 
 | 
      
-5,377
 
 | 
      
-88
 
 | 
      
-755
 
 | 
|   
2077
 
 | 
      
2.9
 
 | 
      
2,819
 
 | 
      
44
 
 | 
      
385
 
 | 
      
-5.9
 
 | 
      
-5,640
 
 | 
      
-87
 
 | 
      
-770
 
 | 
|   
2078
 
 | 
      
2.9
 
 | 
      
2,940
 
 | 
      
43
 
 | 
      
390
 
 | 
      
-5.9
 
 | 
      
-5,915
 
 | 
      
-87
 
 | 
      
-785
 
 | 
|   
2079
 
 | 
      
2.9
 
 | 
      
3,066
 
 | 
      
42
 
 | 
      
396
 
 | 
      
-6.0
 
 | 
      
-6,203
 
 | 
      
-86
 
 | 
      
-801
 
 | 
|   
Total 
2004-78  | 
      
-6,678
 
 | 
      
-5,225
 
 | 
    ||||||
|   1Equals net investment in special Treasury Bonds by the Trust Funds less the Amount of General Fund transfers specified in the proposal or in the theoretical plan (PAYGO Transfers)  | 
  
Office of the Chief Actuary
Social Security Administration
February 11, 2005
| Return to memorandum | List of memos |