Table 1 -- Representitive DeMint Proposal--100% Individual Account (IA) Participation
Benefit Offset 100.0% Ultimate
IA Contribution = 5.1%
With Ultimate Real Trust Fund Interest Rate 3.0
With Ultimate Real IA Net Yield Rate of: 5.03
With Offset Annuity Net Yield Rate of: 5.03
Year
Cost
Rate 1
Income
Rate
Annual
Balance
Cash
Trust
Fund
Ratio 2
1-1-Year
Percent of
IA Assets
in Social
Security
Transition
Bonds
0n 12/31
Effective
OASDI
Contribution
Rate
Cash Flow
to the
General
Fund
(see
Table 1c--
Billions
of Current
Dollars)
Net
Purchase
of Social
Security
Transition
Bonds
by IAs 3
Change in OASDI
Contribution Rate from--
IA
Contribution
Transfer
from
General
Fund
2003
10.89
12.70
1.81
288
 
12.40
 
 
 
 
2004
10.82
12.69
1.88
309
 
12.40
 
 
 
 
2005
10.73
8.41
-2.32
330
35
8.11
-39
1.51
4.29
 
2006
10.65
8.16
-2.50
326
35
7.85
-44
1.64
4.55
 
2007
10.67
8.08
-2.58
320
35
7.77
-48
1.70
4.63
 
2008
10.73
8.02
-2.71
313
35
7.69
-54
1.76
4.71
 
2009
10.84
7.96
-2.88
304
35
7.62
-64
1.82
4.78
 
2010
10.99
7.91
-3.07
294
35
7.55
-75
1.88
4.85
 
2011
11.16
7.91
-3.25
283
35
7.51
-87
1.93
4.89
 
2012
11.33
7.89
-3.44
271
35
7.47
-101
1.98
4.93
 
2013
11.53
7.87
-3.65
257
35
7.43
-119
2.01
4.97
 
2014
11.74
7.86
-3.88
242
35
7.40
-139
2.05
5.00
 
2015
11.96
7.85
-4.11
226
35
7.37
-161
2.08
5.03
 
2016
12.21
7.86
-4.35
209
35
7.36
-186
2.10
5.04
 
2017
12.46
7.87
-4.59
190
35
7.35
-214
2.13
5.05
 
2018
12.72
7.88
-4.84
170
35
7.34
-244
2.15
5.06
 
2019
12.97
7.90
-5.07
148
35
7.33
-275
2.16
5.07
 
2020
13.23
7.91
-5.31
126
35
7.33
-310
2.18
5.07
 
2021
13.48
10.93
-2.55
103
35
10.32
-347
2.19
5.08
3.00
2022
13.71
11.45
-2.26
100
35
10.82
-384
2.19
5.08
3.50
2023
13.89
11.67
-2.22
100
35
11.02
-419
2.20
5.08
3.70
2024
14.05
11.78
-2.27
100
35
11.11
-454
2.20
5.09
3.80
2025
14.19
11.90
-2.29
100
35
11.21
-490
2.20
5.09
3.90
2026
14.30
11.92
-2.38
100
35
11.21
-524
2.19
5.09
3.90
2027
14.38
12.03
-2.35
100
35
11.31
-558
2.18
5.09
4.00
2028
14.44
12.05
-2.39
100
35
11.31
-590
2.17
5.09
4.00
2029
14.46
12.07
-2.39
100
35
11.30
-619
2.15
5.10
4.00
2030
14.43
11.98
-2.45
100
35
11.20
-645
2.13
5.10
3.90
2031
14.37
11.89
-2.48
100
35
11.10
-666
2.10
5.10
3.80
2032
14.27
11.91
-2.37
100
35
11.10
-683
2.07
5.10
3.80
2033
14.14
11.72
-2.42
100
35
10.90
-695
2.03
5.10
3.60
2034
13.97
11.53
-2.44
100
35
10.70
-701
1.99
5.10
3.40
2035
13.79
11.43
-2.36
100
35
10.60
-706
1.94
5.10
3.30
2036
13.59
11.24
-2.34
100
35
10.40
-705
1.89
5.10
3.10
2037
13.36
11.05
-2.31
100
35
10.20
-699
1.83
5.10
2.90
2038
13.10
10.86
-2.24
100
35
10.00
-687
1.77
5.10
2.70
2039
12.83
10.57
-2.26
100
35
9.70
-670
1.70
5.10
2.40
2040
12.54
10.37
-2.17
100
35
9.50
-648
1.63
5.10
2.20
2041
12.25
10.18
-2.06
100
35
9.30
-621
1.55
5.10
2.00
2042
11.94
9.99
-1.95
100
35
9.10
-589
1.46
5.10
1.80
2043
11.63
9.70
-1.93
100
35
8.80
-554
1.37
5.10
1.50
2044
11.31
9.61
-1.70
100
35
8.70
-515
1.27
5.10
1.40
2045
11.01
9.32
-1.70
100
35
8.40
-479
1.16
5.10
1.10
2046
10.74
9.23
-1.51
100
35
8.30
-445
1.06
5.10
1.00
2047
10.46
9.04
-1.42
100
35
8.10
-408
0.94
5.10
0.80
2048
10.18
8.85
-1.33
100
35
7.90
-368
0.82
5.10
0.60
2049
9.86
8.67
-1.19
100
35
7.70
-318
0.68
5.10
0.40
2050
9.55
8.58
-0.97
100
35
7.60
-269
0.53
5.10
0.30
2051
9.28
8.50
-0.79
100
35
7.50
-227
0.39
5.10
0.20
2052
9.04
8.52
-0.52
100
35
7.50
-189
0.24
5.10
0.20
2053
8.89
8.43
-0.45
100
35
7.40
-173
0.13
5.10
0.10
2054
8.75
8.40
-0.35
100
35
7.35
-162
0.03
5.10
0.05
2055
8.58
8.37
-0.21
100
35
7.30
-130
-0.08
5.10
 
2056
8.42
8.38
-0.03
100
35
7.30
-100
-0.18
5.10
 
2057
8.27
8.40
0.13
102
35
7.30
-71
-0.28
5.10
 
2058
8.12
8.41
0.29
103
35
7.30
-43
-0.37
5.10
 
2059
7.99
8.43
0.44
106
35
7.30
-16
-0.47
5.10
 
2060
7.87
8.44
0.57
109
35
7.30
10
-0.55
5.10
 
2061
7.76
8.46
0.69
113
34.99
7.30
7
-0.68
5.10
 
2062
7.68
8.47
0.80
116
34.98
7.30
22
-0.76
5.10
 
2063
7.61
8.49
0.88
120
34.96
7.30
1
-0.88
5.10
 
2064
7.55
8.51
0.95
123
34.94
7.30
0
-0.95
5.10
 
2065
7.44
8.52
1.07
127
34.91
7.30
7
-1.06
5.10
 
2066
7.35
8.53
1.18
131
34.87
7.30
7
-1.17
5.10
 
2067
7.27
8.54
1.27
135
34.83
7.30
32
-1.22
5.10
 
2068
7.21
8.55
1.34
139
34.78
7.30
16
-1.32
5.10
 
2069
7.16
8.56
1.40
143
34.73
7.30
29
-1.36
5.10
 
2070
7.12
8.56
1.45
147
34.68
7.30
36
-1.40
5.10
 
2071
7.10
8.57
1.48
151
34.63
7.30
37
-1.44
5.10
 
2072
7.08
8.58
1.50
154
34.58
7.30
32
-1.46
5.10
 
2073
7.08
8.59
1.51
158
34.53
7.30
21
-1.49
5.10
 
2074
7.09
8.60
1.51
161
34.48
7.30
3
-1.51
5.10
 
2075
7.11
8.61
1.50
163
34.44
7.30
29
-1.47
5.10
 
2076
7.14
8.62
1.48
166
34.40
7.30
0
-1.48
5.10
 
2077
7.17
8.62
1.45
168
34.37
7.30
21
-1.43
5.10
 
2078
7.22
8.63
1.42
170
34.35
7.30
40
-1.38
5.10
 
 
Summarized
 
 
 
 
 
 
 
Cost
Rate
OASDI
 
Income
Rate
OASDI
 
Actuarial
Balance
OASDI
 
Change in
Actuarial
Balance
 
 
 
 
 
 
2003-2077
11.33
10.20
-1.13
0.78
 
 
 
 
 
 
Based on Intermediate Assumptions of the 2003 Trustees Report.
1 Net of Benefit Offset.
2 Including borrowing from Individual Accounts in Form of Social Security Transition Bonds.
3 Excluding reinvestment of interest in Social Security Transition Bonds.
 
Office of the Chief Actuary
Social Security Administration
September 9, 2003

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