| CalendarYear | Proposal General Fund Transfer(GF)/Reimburse | Total OASDITrust FundAssetsat End of Year(5) | ExpectedIndividualAccountAssets1at End ofYear(6) | GDP(7) | Theoretical Social Security2with Borrowing Authority:Net OASDI Trust Fund Assets End of Year |
|--------------|----------------------------------------------|----------------------------------------------|--------------------------------------------------|--------|----------------------------------------------------------------------------------------------|
||
||
| 2004         | 0.0                                          | 0.0                                          | 0.0                                              | 0      | 1,684                                                                                        | 0 | 11,544 | 1,684 | 1,684 |
| 2005         | 0.0                                          | 0.0                                          | 0.0                                              | 0      | 1,647                                                                                        | 193 | 11,911 | 1,840 | 1,840 |
| 2006         | 0.0                                          | 0.0                                          | 0.0                                              | 0      | 1,581                                                                                        | 416 | 12,246 | 1,998 | 1,998 |
| 2007         | 0.0                                          | 0.0                                          | 0.0                                              | 0      | 1,498                                                                                        | 656 | 12,562 | 2,156 | 2,156 |
| 2008         | 0.0                                          | 0.0                                          | 0.0                                              | 0      | 1,399                                                                                        | 912 | 12,870 | 2,315 | 2,315 |
| 2009         | 0.0                                          | 0.0                                          | 0.0                                              | 0      | 1,279                                                                                        | 1,185 | 13,171 | 2,473 | 2,473 |
| 2010         | 0.0                                          | 0.0                                          | 0.0                                              | 0      | 1,141                                                                                        | 1,477 | 13,466 | 2,631 | 2,631 |
| 2011         | 0.0                                          | 0.0                                          | 0.0                                              | 0      | 983                                                                                          | 1,789 | 13,752 | 2,790 | 2,790 |
| 2012         | 0.0                                          | 0.0                                          | 0.0                                              | 0      | 804                                                                                          | 2,117 | 14,024 | 2,944 | 2,944 |
| 2013         | 62.0                                         | 0.1                                          | 82.9                                             | 83     | 684                                                                                          | 2,461 | 14,285 | 3,091 | 3,174 |
| 2014         | 179.9                                        | 0.1                                          | 247.1                                            | 332    | 708                                                                                          | 2,823 | 14,547 | 3,230 | 3,563 |
| 2015         | 189.8                                        | 0.2                                          | 268.3                                            | 610    | 732                                                                                          | 3,203 | 14,804 | 3,360 | 3,970 |
| 2016         | 223.3                                        | 0.3                                          | 324.7                                            | 952    | 747                                                                                          | 3,599 | 15,061 | 3,478 | 4,431 |
| 2017         | 247.8                                        | 0.4                                          | 371.1                                            | 1,352  | 761                                                                                          | 4,014 | 15,322 | 3,584 | 4,935 |
| 2018         | 271.5                                        | 0.4                                          | 418.7                                            | 1,811  | 775                                                                                          | 4,446 | 15,586 | 3,675 | 5,486 |
| 2019         | 290.4                                        | 0.5                                          | 461.3                                            | 2,326  | 785                                                                                          | 4,894 | 15,842 | 3,750 | 6,076 |
| 2020         | 308.6                                        | 0.5                                          | 505.0                                            | 2,901  | 793                                                                                          | 5,356 | 16,100 | 3,805 | 6,706 |
| 2021         | 301.6                                        | 0.6                                          | 508.5                                            | 3,496  | 797                                                                                          | 5,833 | 16,354 | 3,841 | 7,337 |
| 2022         | 306.4                                        | 0.7                                          | 532.1                                            | 4,133  | 797                                                                                          | 6,324 | 16,610 | 3,857 | 7,990 |
| 2023         | 312.1                                        | 0.7                                          | 558.5                                            | 4,816  | 800                                                                                          | 6,828 | 16,861 | 3,851 | 8,667 |
| 2024         | 307.1                                        | 0.8                                          | 566.1                                            | 5,527  | 796                                                                                          | 7,345 | 17,117 | 3,823 | 9,350 |
| 2025         | 298.6                                        | 0.9                                          | 567.1                                            | 6,259  | 785                                                                                          | 7,874 | 17,372 | 3,773 | 10,032 |
| 2026         | 290.3                                        | 0.9                                          | 568.1                                            | 7,015  | 766                                                                                          | 8,414 | 17,634 | 3,700 | 10,715 |
| 2027         | 322.6                                        | 1.0                                          | 650.2                                            | 7,876  | 752                                                                                          | 8,964 | 17,903 | 3,604 | 11,480 |
| 2028         | 320.7                                        | 1.1                                          | 665.8                                            | 8,778  | 734                                                                                          | 9,525 | 18,174 | 3,486 | 12,264 |
| 2029         | 312.2                                        | 1.2                                          | 667.9                                            | 9,709  | 713                                                                                          | 10,094 | 18,451 | 3,346 | 13,055 |
| 2030         | 300.8                                        | 1.2                                          | 663.1                                            | 10,664 | 689                                                                                          | 10,673 | 18,733 | 3,184 | 13,847 |
| 2031         | 296.0                                        | 1.3                                          | 672.3                                            | 11,656 | 670                                                                                          | 11,259 | 19,022 | 3,000 | 14,656 |
| 2032         | 263.5                                        | 1.4                                          | 616.8                                            | 12,622 | 647                                                                                          | 11,852 | 19,319 | 2,796 | 15,418 |
| 2033         | 236.1                                        | 1.5                                          | 569.9                                            | 13,571 | 622                                                                                          | 12,452 | 19,622 | 2,570 | 16,141 |
| 2034         | 210.2                                        | 1.5                                          | 523.2                                            | 14,501 | 599                                                                                          | 13,058 | 19,929 | 2,325 | 16,827 |
| 2035         | 189.2                                        | 1.6                                          | 485.6                                            | 15,422 | 583                                                                                          | 13,669 | 20,243 | 2,062 | 17,484 |
| 2036         | 163.0                                        | 1.7                                          | 431.7                                            | 16,316 | 558                                                                                          | 14,286 | 20,564 | 1,780 | 18,096 |
| 2037         | 141.3                                        | 1.8                                          | 386.2                                            | 17,192 | 536                                                                                          | 14,906 | 20,892 | 1,481 | 18,673 |
| 2038         | 121.3                                        | 1.9                                          | 342.6                                            | 18,050 | 518                                                                                          | 15,530 | 21,226 | 1,165 | 19,215 |
| 2039         | 100.0                                        | 1.9                                          | 292.0                                            | 18,884 | 499                                                                                          | 16,157 | 21,562 | 833 | 19,717 |
| 2040         | 80.9                                         | 2.0                                          | 244.8                                            | 19,695 | 482                                                                                          | 16,785 | 21,904 | 485 | 20,180 |
| 2041         | 62.7                                         | 2.1                                          | 197.0                                            | 20,483 | 465                                                                                          | 17,414 | 22,252 | 120 | 20,603 |
| 2042         | 46.9                                         | 2.2                                          | 153.7                                            | 21,251 | 452                                                                                          | 18,042 | 22,605 | -262 | 20,989 |
| 2043         | 30.3                                         | 2.2                                          | 104.8                                            | 21,993 | 435                                                                                          | 18,669 | 22,961 | -662 | 21,331 |
| 2044         | 15.4                                         | 2.3                                          | 58.9                                             | 22,712 | 415                                                                                          | 19,295 | 23,322 | -1,080 | 21,632 |
| 2045         | 2.5                                          | 2.4                                          | 16.9                                             | 23,410 | 403                                                                                          | 19,917 | 23,687 | -1,516 | 21,894 |
| 2046         | 0.0                                          | 2.5                                          | 8.7                                              | 24,121 | 426                                                                                          | 20,535 | 24,055 | -1,972 | 22,149 |
| 2047         | 0.0                                          | 2.5                                          | 9.2                                              | 24,854 | 493                                                                                          | 21,150 | 24,426 | -2,449 | 22,406 |
| 2048         | 0.0                                          | 2.6                                          | 9.7                                              | 25,610 | 602                                                                                          | 21,758 | 24,799 | -2,946 | 22,664 |
| 2049         | 0.0                                          | 2.7                                          | 10.2                                             | 26,388 | 754                                                                                          | 22,360 | 25,174 | -3,465 | 22,923 |
| 2050         | 0.0                                          | 2.7                                          | 10.7                                             | 27,191 | 1,011                                                                                        | 22,951 | 25,552 | -4,008 | 23,182 |
| 2051         | 0.0                                          | 2.7                                          | 11.2                                             | 28,017 | 1,288                                                                                        | 23,533 | 25,936 | -4,577 | 23,441 |
| 2052         | 0.0                                          | 2.8                                          | 11.7                                             | 28,870 | 1,585                                                                                        | 24,106 | 26,324 | -5,172 | 23,698 |
| 2053         | 0.0                                          | 2.8                                          | 12.2                                             | 29,748 | 1,902                                                                                        | 24,673 | 26,721 | -5,795 | 23,953 |
| 2054         | 0.0                                          | 2.8                                          | 12.6                                             | 30,653 | 2,238                                                                                        | 25,234 | 27,123 | -6,447 | 24,206 |
| 2055         | 0.0                                          | 2.8                                          | 13.1                                             | 31,586 | 2,592                                                                                        | 25,789 | 27,528 | -7,130 | 24,456 |
| 2056         | 0.0                                          | 2.8                                          | 13.5                                             | 32,547 | 2,966                                                                                        | 26,339 | 27,939 | -7,845 | 24,701 |
| 2057         | 0.0                                          | 2.8                                          | 13.8                                             | 33,537 | 3,358                                                                                        | 26,883 | 28,354 | -8,594 | 24,943 |
| 2058         | 0.0                                          | 2.8                                          | 14.2                                             | 34,557 | 3,769                                                                                        | 27,422 | 28,775 | -9,378 | 25,180 |
| 2059         | 0.0                                          | 2.8                                          | 14.5                                             | 35,609 | 4,200                                                                                        | 27,955 | 29,204 | -10,196 | 25,412 |
| 2060         | 0.0                                          | 2.8                                          | 14.8                                             | 36,692 | 4,652                                                                                        | 28,483 | 29,639 | -11,052 | 25,640 |
| 2061         | 0.0                                          | 2.7                                          | 15.0                                             | 37,807 | 5,123                                                                                        | 29,006 | 30,078 | -11,946 | 25,861 |
| 2062         | 0.0                                          | 2.7                                          | 15.2                                             | 38,957 | 5,613                                                                                        | 29,524 | 30,526 | -12,880 | 26,077 |
| 2063         | 0.0                                          | 2.6                                          | 15.3                                             | 40,141 | 6,122                                                                                        | 30,038 | 30,978 | -13,857 | 26,284 |
| 2064         | 0.0                                          | 2.6                                          | 15.4                                             | 41,360 | 6,650                                                                                        | 30,548 | 31,438 | -14,876 | 26,484 |
| 2065         | 0.0                                          | 2.5                                          | 15.4                                             | 42,616 | 7,199                                                                                        | 31,055 | 31,906 | -15,940 | 26,676 |
| 2066         | 0.0                                          | 2.4                                          | 15.4                                             | 43,910 | 7,768                                                                                        | 31,558 | 32,379 | -17,050 | 26,860 |
| 2067         | 0.0                                          | 2.3                                          | 15.3                                             | 45,243 | 8,360                                                                                        | 32,059 | 32,861 | -18,208 | 27,035 |
| 2068         | 0.0                                          | 2.3                                          | 15.2                                             | 46,615 | 8,975                                                                                        | 32,557 | 33,359 | -19,414 | 27,202 |
| 2069         | 0.0                                          | 2.2                                          | 15.1                                             | 48,029 | 9,613                                                                                        | 33,054 | 33,859 | -20,670 | 27,359 |
| 2070         | 0.0                                          | 2.1                                          | 14.9                                             | 49,485 | 10,276                                                                                       | 33,550 | 34,366 | -21,978 | 27,507 |
| 2071         | 0.0                                          | 2.0                                          | 14.7                                             | 50,984 | 10,963                                                                                       | 34,045 | 34,882 | -23,340 | 27,645 |
| 2072         | 0.0                                          | 1.9                                          | 14.5                                             | 52,528 | 11,676                                                                                       | 34,539 | 35,404 | -24,756 | 27,772 |
| 2073         | 0.0                                          | 1.8                                          | 14.2                                             | 54,118 | 12,415                                                                                       | 35,034 | 35,931 | -26,230 | 27,888 |
| 2074         | 0.0                                          | 1.7                                          | 13.9                                             | 55,756 | 13,181                                                                                       | 35,530 | 36,464 | -27,762 | 27,993 |
| 2075         | 0.0                                          | 1.6                                          | 13.6                                             | 57,442 | 13,975                                                                                       | 36,027 | 37,006 | -29,356 | 28,085 |
| 2076         | 0.0                                          | 1.5                                          | 13.2                                             | 59,178 | 14,799                                                                                       | 36,525 | 37,555 | -31,014 | 28,165 |
| 2077         | 0.0                                          | 1.5                                          | 12.9                                             | 60,967 | 15,652                                                                                       | 37,025 | 38,112 | -32,736 | 28,230 |
| 2078         | 0.0                                          | 1.4                                          | 12.5                                             | 62,808 | 16,536                                                                                       | 37,528 | 38,677 | -34,527 | 28,281 |
| 2079         | 0.0                                          | 1.3                                          | 12.1                                             | 64,704 | 17,452                                                                                       | 38,033 | 39,245 | -36,387 | 28,317 |
| Total2004-78 | 6,805.1                                      | 118.3                                        |                                             |   |                                                                                         |   |   |   |   |
| 1Including annuity assets, assuming all annuitize fully.

2Theoretical Social Security is the current Social Security program with the assumption that the law is modified to permit borrowing from the General Fund of the Treasury. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

Based on Intermediate Assumptions of the 2004 Trustees Report 

Office of the Chief ActuarySocial Security AdministrationFebruary 11, 2005

Return to memorandumList of memos