| Year         | Proposal | Theoretical Social Security with PAYGO Transfers |
|--------------|----------|--------------------------------------------------|
||
||
||
| 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 |
| Total2004-78 |     |                                             | -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 ActuarySocial Security AdministrationFebruary 11, 2005

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