| 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     | -700                                             | -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     | -890                                             | -320 | -555 | -1.5 | -155 | -56 | -97 |
| 2023          | -9.0     | -953                                             | -324 | -578 | -1.8 | -195 | -66 | -118 |
| 2024          | -9.1     | -1,005                                           | -322 | -593 | -2.1 | -236 | -76 | -139 |
| 2025          | -9.1     | -1,047                                           | -317 | -601 | -2.4 | -279 | -85 | -160 |
| 2026          | -9.1     | -1,092                                           | -312 | -609 | -2.7 | -324 | -93 | -181 |
| 2027          | -10.1    | -1,261                                           | -341 | -685 | -3.0 | -370 | -100 | -201 |
| 2028          | -10.3    | -1,334                                           | -340 | -705 | -3.2 | -416 | -106 | -220 |
| 2029          | -10.2    | -1,380                                           | -333 | -709 | -3.4 | -463 | -112 | -238 |
| 2030          | -10.1    | -1,413                                           | -322 | -706 | -3.6 | -510 | -116 | -255 |
| 2031          | -10.0    | -1,460                                           | -314 | -710 | -3.8 | -558 | -120 | -271 |
| 2032          | -9.1     | -1,390                                           | -282 | -658 | -4.0 | -606 | -123 | -287 |
| 2033          | -8.3     | -1,327                                           | -254 | -611 | -4.1 | -653 | -125 | -300 |
| 2034          | -7.6     | -1,256                                           | -228 | -562 | -4.2 | -699 | -127 | -313 |
| 2035          | -6.9     | -1,185                                           | -203 | -516 | -4.3 | -744 | -127 | -324 |
| 2036          | -6.2     | -1,110                                           | -179 | -470 | -4.4 | -788 | -127 | -334 |
| 2037          | -5.4     | -1,022                                           | -156 | -421 | -4.4 | -831 | -127 | -343 |
| 2038          | -4.7     | -929                                             | -134 | -372 | -4.5 | -873 | -126 | -350 |
| 2039          | -4.0     | -824                                             | -112 | -321 | -4.5 | -915 | -124 | -357 |
| 2040          | -3.4     | -716                                             | -92 | -272 | -4.5 | -956 | -123 | -363 |
| 2041          | -2.7     | -602                                             | -73 | -222 | -4.5 | -1,000 | -121 | -369 |
| 2042          | -2.1     | -484                                             | -55 | -174 | -4.5 | -1,045 | -120 | -375 |
| 2043          | -1.5     | -367                                             | -40 | -128 | -4.5 | -1,091 | -118 | -381 |
| 2044          | -1.0     | -246                                             | -25 | -84 | -4.5 | -1,139 | -116 | -387 |
| 2045          | -0.4     | -98                                              | -9 | -32 | -4.5 | -1,189 | -115 | -393 |
| 2046          | 0.1      | 34                                               | 3 | 11 | -4.6 | -1,241 | -113 | -399 |
| 2047          | 0.6      | 171                                              | 15 | 53 | -4.6 | -1,297 | -112 | -405 |
| 2048          | 1.0      | 307                                              | 25 | 93 | -4.6 | -1,355 | -110 | -412 |
| 2049          | 1.4      | 446                                              | 34 | 132 | -4.6 | -1,417 | -109 | -419 |
| 2050          | 2.5      | 798                                              | 58 | 230 | -4.6 | -1,483 | -108 | -427 |
| 2051          | 2.6      | 867                                              | 59 | 243 | -4.6 | -1,555 | -107 | -435 |
| 2052          | 2.7      | 934                                              | 60 | 254 | -4.7 | -1,634 | -106 | -445 |
| 2053          | 2.8      | 1,000                                            | 61 | 265 | -4.7 | -1,717 | -105 | -455 |
| 2054          | 2.8      | 1,066                                            | 62 | 275 | -4.8 | -1,805 | -104 | -465 |
| 2055          | 2.9      | 1,132                                            | 62 | 284 | -4.8 | -1,899 | -104 | -476 |
| 2056          | 2.9      | 1,198                                            | 62 | 292 | -4.9 | -1,999 | -103 | -487 |
| 2057          | 3.0      | 1,265                                            | 62 | 300 | -4.9 | -2,104 | -102 | -499 |
| 2058          | 3.0      | 1,333                                            | 61 | 308 | -5.0 | -2,214 | -102 | -511 |
| 2059          | 3.0      | 1,402                                            | 61 | 315 | -5.0 | -2,328 | -101 | -522 |
| 2060          | 3.1      | 1,483                                            | 61 | 324 | -5.1 | -2,447 | -100 | -534 |
| 2061          | 3.1      | 1,549                                            | 60 | 329 | -5.1 | -2,574 | -100 | -547 |
| 2062          | 3.1      | 1,615                                            | 59 | 334 | -5.2 | -2,709 | -99 | -560 |
| 2063          | 3.1      | 1,683                                            | 58 | 338 | -5.2 | -2,854 | -98 | -574 |
| 2064          | 3.1      | 1,753                                            | 57 | 343 | -5.3 | -3,003 | -98 | -587 |
| 2065          | 3.1      | 1,825                                            | 56 | 347 | -5.3 | -3,157 | -97 | -600 |
| 2066          | 3.1      | 1,901                                            | 55 | 352 | -5.4 | -3,319 | -96 | -614 |
| 2067          | 3.1      | 1,981                                            | 54 | 356 | -5.4 | -3,489 | -96 | -628 |
| 2068          | 3.1      | 2,068                                            | 54 | 362 | -5.5 | -3,665 | -95 | -641 |
| 2069          | 3.1      | 2,156                                            | 53 | 367 | -5.5 | -3,847 | -94 | -655 |
| 2070          | 3.1      | 2,245                                            | 52 | 372 | -5.6 | -4,037 | -93 | -669 |
| 2071          | 3.1      | 2,337                                            | 51 | 377 | -5.6 | -4,235 | -92 | -682 |
| 2072          | 3.1      | 2,433                                            | 50 | 381 | -5.7 | -4,442 | -92 | -696 |
| 2073          | 3.1      | 2,532                                            | 49 | 386 | -5.7 | -4,660 | -91 | -710 |
| 2074          | 3.1      | 2,634                                            | 48 | 391 | -5.7 | -4,888 | -90 | -725 |
| 2075          | 3.1      | 2,741                                            | 48 | 395 | -5.8 | -5,127 | -89 | -740 |
| 2076          | 3.1      | 2,853                                            | 47 | 400 | -5.8 | -5,377 | -88 | -755 |
| 2077          | 3.1      | 2,969                                            | 46 | 405 | -5.9 | -5,640 | -87 | -770 |
| 2078          | 3.1      | 3,090                                            | 45 | 410 | -5.9 | -5,915 | -87 | -785 |
| 2079          | 3.1      | 3,215                                            | 44 | 415 | -6.0 | -6,203 | -86 | -801 |
| Total 2004-78 |     |                                             | -6,545 |   |   |   | -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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