SOCIAL SECURITY

Office of the Chief Actuary

SOCIAL SECURITY ADMINISTRATION BALTIMORE, MD 21235-0001

October 8, 2010 

The Honorable Ted Deutch 

House of Representatives

Washington, D.C. 20515 

Dear Mr. Deutch:

I am writing in response to your letter of July 26, 2010 requesting estimates of the financial 

effects on Social Security of H.R. 5834, “Preserving Our Promise to Seniors Act”, which was 

introduced July 22, 2010. The actual estimates and analysis provided reflect clarification of the 

intent of the Bill based on discussion with Christopher Fisher of your staff. This discussion has 

resulted in a modification of the way that benefits would be adjusted to reflect earnings subject to 

the payroll tax above the contribution and benefit base that is specified in current law. All 

estimates are based on the intermediate assumptions of the 2010 Trustees Report. The estimates 

presented reflect the combined efforts of many in our office, but particularly Alice Wade and 

Christopher Chaplain. 

The Bill includes six substantive sections. 

 Section 101 would permanently establish the Consumer Price Index for the Elderly (CPIE), removing it from experimental status.

 Section 102 would specify that the Cost of Living Adjustment (COLA) for Social

Security benefits be based on the CPI-E.

 Section 201 would establish special relief payments ($250 in 2011, and CPI indexed to

years thereafter) for Social Security and other beneficiaries in years for which there is no

automatic COLA.

 Section 301 would apply the Social Security payroll tax (12.4 percent) to covered

earnings above the contribution and benefit base established under current law (phased-in

over 7 years starting in 2011 with all earnings taxed in 2017 and later).

 Section 302 would provide for inclusion of the earnings subject to tax under section 301

for benefit computation.

 Section 401 would create a point of order for any proposal to “privatize” Social Security

or to reduce Social Security benefits.

The balance of this letter provides a description of our understanding of the intent of the Bill and 

detailed estimates of the effects of enactment.
2

Summary of Effects on Actuarial Status

Figure 1 below illustrates the expected change in the combined Old Age, Survivors Insurance 

(OASI) and Disability Insurance (DI) Trust Fund assets, expressed as a percent of annual 

program cost, with enactment of this Bill. Assuming enactment, the OASDI program would be 

expected to be solvent for the next 75 years, under the intermediate assumptions of the 2010 

Trustees Report. The level of assets for the theoretical combined OASI and DI Trust Funds 

would remain positive through 2084, permitting full payment of scheduled benefits on a timely 

basis. However, the combined assets would be declining as a percentage of the annual cost of 

the program at the end of the period. For this reason, the OASDI program would not meet the 

requirements of sustainable solvency. 

Note: Trust Fund Ratio for a given year is the ratio of assets in the combined OASI and DI Trust 

Fund assets at the beginning of the year to the cost of the program during the year.

Enactment of the Bill would reduce the long-range OASDI actuarial deficit from 1.92 percent of 

taxable payroll under current law to 0.13 percent of payroll. The actuarial deficit is not 

completely eliminated because the assets in the combined OASI and DI Trust Funds at the end of 

2084, while still positive, would be less than 100 percent of annual program cost. However, the 

program would meet the test of close actuarial balance because the remaining deficit for the 75-

year long-range period would be less than 5 percent of program cost over the period. 

0

50

100

150

200

250

300

350

400

2010 2020 2030 2040 2050 2060 2070 2080

Trust Fund Ratio

Figure 1. Present Law and Proposal OASDI Trust Fund Assets 

as Percent of Annual Cost: 2010 TR Intermediate 

Assumptions

Present Law Trust Fund 

Ratio

Proposal
3

Figure 2 below illustrates annual projected levels of cost and income as a percent of taxable 

payroll under current law. The projected levels of cost are shown for present-law scheduled and 

payable benefits (when less than the cost for scheduled benefits) and for benefits under this Bill. 

Under this Bill, the combined OASI and DI Trust Funds do not exhaust and, thus, payable 

benefits (expenditures) equal scheduled benefits over the 75-year projection period.

8

9

10

11

12

13

14

15

16

17

18

19

2010 2020 2030 2040 2050 2060 2070 2080

Percent of Present-Law Taxable Payroll

Figure 2. Proposal and Present Law Cost and Tax 

Income as Percent of Taxable Payroll: 2010 TR 

Intermediate Assumptions

Present Law Tax Income

Present Law Cost

Present Law Expenditures

Proposal Cost

Proposal Tax Income
4

It is also useful to consider the projected cost and income for the OASDI program expressed as a 

percentage of Gross Domestic Product (GDP). The graph below illustrates these levels under 

both current law and this Bill. 

3

3.5

4

4.5

5

5.5

6

6.5

2010 2020 2030 2040 2050 2060 2070 2080

Percent of GDP

Figure 3. Proposal and Present: Law Cost and Tax Income 

as Percent of GDP: 2010 TR Intermediate Assumptions

Present Law Tax Income

Present Law Cost

Present Law Expenditures

Proposal cost

Proposal Tax Income
5

Plan Specification for Provisions Directly Affecting the Social Security Trust Funds

Section 102—Use of Consumer Price Index for the Elderly (CPI-E) for COLAs

Under this provision, effective December 2012, the Social Security COLA would be based on 

changes in the CPI-E, rather than the Consumer Price Index for Urban Wage Earners and 

Clerical Workers (CPI-W), the current-law basis for COLAs. We assume that using the CPI-E 

would result in an average annual COLA of 3.0 percent per year, which is 0.2 percentage point 

higher than the average annual increase assumed for the CPI-W in the Trustees intermediate 

assumptions. Our assumption that the average annual increase in the CPI-E will be 

0.2 percentage point greater than the CPI-W is based on analysis of the historical results for the 

CPI-W and the experimental CPI-E, the difference in component weights for these two series, 

and our assumptions about the relative levels of average annual increase in these components. 

Taken alone, this provision would decrease (worsen) the long-range OASDI actuarial balance by 

an estimated 0.34 percent of taxable payroll.

Section 301—Elimination of Contribution and Benefit Base (Taxable Maximum)

Under this provision, earnings above the contribution and benefit base of current law would be 

fully subject to the payroll tax in 2017. The portion of earnings over this base that would be 

subject to the payroll tax increases linearly starting at 14 percent in 2011, and reaching 

100 percent for 2017. The full Social Security payroll tax rate of 12.4 percent would be applied 

to the additional taxable earnings. Taken alone, without any resultant increase in benefits based 

on the additional taxed earnings, the long-range OASDI actuarial balance would increase 

(improve) by an estimated 2.21 percent of taxable payroll.

Section 302—Benefit Credits on Earnings Taxed Above the Current-Law Contribution and 

Benefit Base

Our understanding of the intent of this provision reflects a modification of the actual bill 

language based on discussion with Christopher Fisher of your staff. Under this provision as 

modified, the primary insurance amount (PIA) would be determined in two components. The 

first component would be computed exactly as under current law, based on the average indexed 

monthly earnings (AIME), restricted to earnings at the level of the current-law contribution and 

benefit base ($106,800 for 2010) for each year. The second component of the PIA would be 

computed using the “AIME+”, which would be equal to the sum of the indexed earnings in 

excess of the current-law contribution and benefit base for the 35 years included in the AIME, 

divided by 420. The second component of PIA would be equal to 3 percent of AIME+ up to 

$11,933 ((equal to $250,000-$106,800)/12) and 0.25 percent for AIME+ above this level for 

beneficiaries newly eligible in 2011. For beneficiaries newly eligible for benefits after 2011, the 

“bend point” of $11,933 would be indexed by the national average wage index (AWI) in the 

same manner as for the bend points in the first component of the PIA. 
6

The effect of these additional benefits would decrease (worsen) the long-range OASDI actuarial 

balance by an estimated 0.05 percent of taxable payroll. Sections 301 and 302 combined would 

increase (improve) the long-range OASDI actuarial balance by an estimated 2.16 percent of 

taxable payroll.

Detailed Financial Results 

Summary Results by Provision

Table A provides estimates of the effects on the OASDI long-range actuarial balance for each 

provision of the Bill separately, and on a combined basis. Summary estimates are also provided 

for the effect on the annual balance (the difference between income rate and the cost rate, 

expressed as a percent of present-law taxable payroll) for the 75th projection year, 2084. 

Benefit Illustrations

Tables B1 and B2 provide illustrative examples of the projected increase in benefit levels under 

this Bill for beneficiaries retiring at age 65 in future years at various earnings levels. Table B1 

compares the increases in initial benefit levels to both scheduled and payable present-law 

benefits. Table B2 compares the increases in benefit levels at ages 65, 75, 85, and 95 to 

scheduled benefits under present law. The increases in benefits above the level of scheduled 

benefits reflect the assumed average annual increase in the CPI-E of 3.0 percent, which is 

0.2 percentage point higher than the assumed average annual increase for the CPI-W. Table B2 

shows that as the number of years since initial benefit eligibility increases, projected benefits 

under the Bill continue to grow in relation to present-law scheduled benefits. In addition, Table 

B1 illustrates that benefits projected after 2037 under this Bill are substantially higher than those 

projected to be payable under current law.

Trust Fund Operations

Table 1 shows the annual cost and income rates, annual balances, and trust fund ratios for 

OASDI assuming enactment of the Bill. This table also shows the change from present law in 

these cost rates, income rates, and balances. Included at the bottom of this table are summarized 

rates for the 75-year long-range period and the expected year of trust fund exhaustion under this 

Bill. 

Table 1 indicates that the OASDI program is projected to be solvent throughout the 75-year 

projection period assuming enactment of the Bill. After 2023, the trust fund ratio is projected to 

decline, reaching 16 percent of the next year’s annual program cost at the end of the 75-year 

projection period. The actuarial deficit for the OASDI program over the 75-year projection 

period would be improved by an estimated 1.79 percent of taxable payroll, from an actuarial 

deficit of 1.92 percent of payroll projected under current law to an actuarial deficit of 0.13 

percent of payroll under the Bill. 
7

Program Transfers and Assets

Column 5 of table 1a provides a projection of asset level for the combined OASI and DI Trust 

Funds under the Bill, expressed in 2010 average-wage-indexed dollars. For purpose of 

comparison, the net OASDI Trust Fund assets, expressed in average-wage-indexed dollars, are 

also shown for a theoretical Social Security program where borrowing authority is assumed for 

the Trust Funds. Columns 1 through 4 are all zeros because no General Fund transfers are 

specified in this Bill. Gross Domestic Product, expressed in average-wage-indexed dollars, is 

shown in column 7 for comparison with other values in the table. 

Effect on the Federal Unified Budget

Table 1b shows the projected effect, in present value discounted dollars, on the Federal unified 

budget cash flows and balances assuming enactment of the Bill, including the cost of the relief 

payments to OASDI and other benefit recipients for the year 2011. Relief payments would be 

financed from the General Fund of the Treasury and reflected in the unified budget, but would 

not affect the combined OASI and DI Trust Funds. Even with an assumed average annual 

increase in the CPI-E of 3.0 percent, annual variation would occasionally yield a year with no 

increase and thus no COLA, precipitating additional relief payments. However, effects shown 

here do not reflect relief payments for years after 2011. Table 1b.n provides the estimated 

nominal dollar effect of enactment of the Bill on the annual unified budget balances for years 

2010 through 2019. All values in these tables represent the amount of the change that would be 

expected due to enactment of the Bill, from the level that would be projected under current law. 

The effect of the plan on unified budget cash flow (column 2) is expected to be positive 

throughout the long-range period. Column 3 provides the projected effect of implementing the 

plan on the Federal debt held by the public. Column 4 provides the projected effect on the 

annual unified budget balances, including both the cash flow effect in column 2 and the 

additional interest on the accumulated debt indicated in column 3. It is important to note that 

these estimates are based on the intermediate assumptions of the 2010 Trustees Report and thus 

are not consistent with estimates made by the OMB or the CBO based on their assumptions. 

Annual Trust Fund Operations as a Percent of GDP

Table 1c provides annual cost, annual expenditures (on a payable basis), and annual tax income, 

for the OASDI program expressed as a percentage of GDP. These values are shown for both 

present-law and assuming enactment of the Bill. Showing the annual trust fund flows as a 

percent of GDP provides an additional perspective on these trust fund operations in relation to 

the total value of goods and services produced in the United States.

Effects on Trust Fund Assets and Unfunded Obligations

Table 1d provides estimates of the changes due to the Bill in the level of projected trust fund 

assets under present law and, for years after trust fund exhaustion, the level of unfunded 

obligations under present law. All values in the table are expressed in present-value discounted 

dollars. For the 75-year long-range period as a whole, the present-law unfunded obligation of 
8

$5.4 trillion in present value is replaced with a positive trust fund balance of $0.1 trillion in 

present value through the end of the period. This change is the combination of the following: 

• A $6.7 trillion increase in revenue from applying the payroll tax to covered earnings 

above the present-law contribution and benefit base (column 2), less

• A $1.2 trillion increase in cost from (1) using the CPI-E for determining annual 

COLAs and (2) granting benefit credit for earnings above the present-law tax 

maximum (column 3).

We hope these estimates will be helpful. Please let me know if we may provide further 

assistance.

Sincerely,

Stephen C. Goss

Chief Actuary

Enclosures 
Table A--Estimated Long-Range OASDI Financial Effects of H.R. 5834, 

“Preserving Our Promise to Seniors Act” with Modified Section 302 

Section 

Number Provision

Estimated Change in

Long-Range OASDI 

Actuarial Balance 

(as a percent of payroll)

Estimated Change 

in Annual Balance 

in 75th year 

(as a percent of payroll)

102 Change in COLA Computation-- Starting with the December 

2012 cost-of-living adjustment (COLA), compute the COLA based 

on changes in the Consumer Price Index for the Elderly (CPI-E). 

Use of this CPI series is estimated to result in an annual COLA 

that is 0.2 percentage point higher, on average, than using the 

consumer price index for urban wage and clerical workers (CPIW). ...................................................................................................... -0.34 -0.49 

301 Phased-In Elimination of the Contribution and Benefit Base—

Eliminate the contribution and benefit base entirely beginning for 

2017 and later, phase-in the inclusion of earnings above the current 

contribution and benefit base for years 2011 through 2016. Assess 

the full Social Security payroll tax rate of 12.4 percent on the 

additional earnings ............................................................................. 2.21 2.48 

302 Benefit Credit Based on Additional Earnings Taxed in Section 

301— Under this provision, modified from the Bill as introduced, 

the primary insurance amount (PIA) would be determined in two 

components. The first component would be based on the average 

indexed monthly earnings (AIME), restricted to earnings at the 

level of the current-law contribution and benefit base ($106,800 for 

2010) for each year. The second component of the PIA would be 

computed using the “AIME+”, which would be equal to the sum of 

the indexed earnings in excess of the current-law contribution and 

benefit base for the 35 years included in the AIME, divided by 420. 

The second component of PIA would be equal to 3 percent of 

AIME+ up to $11,933 ((equals $250,000-$106,800)/12) and 0.25 

percent for AIME+ above this level for beneficiaries newly eligible 

in 2011. For beneficiaries newly eligible for benefits after 2011, the 

“bend point” of $11,933 would be indexed by the national average 

wage index (AWI) in the same manner as for the bend points in the 

first component of the PIA .................................................................. -0.05 -0.11 

301 and 

302 Combined effect of Sections 301 and 302 .......................................... 2.16 2.37 

Total for all provisions, including interaction ............................... 1.79 1.85 

Notes: All estimates are based on the intermediate assumptions of the 2010 OASDI Trustees Report. 

Sections 102 and 301 exclude interaction; Section 302, based on its nature, reflects Section 301 of the Bill. 

Social Security Administration 

SSA/Office of the Chief Actuary 

October 7, 2010 
Year 

Attain Monthly Scheduled Monthly

Age 65 Benefit Amount COLA3 Total Benefit Amount Scheduled Payable

(Wage Indexed 2010 Dollars)

2010 648

2020 611 0.6 0.6 615 101 101

2030 579 0.6 0.6 583 101 101

2040 578 0.6 0.6 581 101 128

2050 580 0.6 0.6 583 101 126

2060 580 0.6 0.6 584 101 127

2070 580 0.6 0.6 584 101 129

2080 580 0.6 0.6 583 101 133

2010 848

2020 800 0.6 0.6 804 101 101

2030 758 0.6 0.6 762 101 101

2040 756 0.6 0.6 760 101 128

2050 758 0.6 0.6 763 101 126

2060 759 0.6 0.6 764 101 127

2070 759 0.6 0.6 764 101 129

2080 758 0.6 0.6 763 101 133

2010 1,397

2020 1,318 0.6 0.6 1,326 101 101

2030 1,248 0.6 0.6 1,256 101 101

2040 1,245 0.6 0.6 1,253 101 128

2050 1,249 0.6 0.6 1,257 101 126

2060 1,251 0.6 0.6 1,258 101 127

2070 1,251 0.6 0.6 1,258 101 129

2080 1,249 0.6 0.6 1,257 101 133

2010 1,851

2020 1,747 0.6 0.6 1,757 101 101

2030 1,654 0.6 0.6 1,664 101 101

2040 1,651 0.6 0.6 1,660 101 128

2050 1,656 0.6 0.6 1,665 101 126

2060 1,658 0.6 0.6 1,668 101 127

2070 1,658 0.6 0.6 1,668 101 129

2080 1,656 0.6 0.6 1,666 101 133

2010 2,192

2020 2,126 0.6 0.6 2,138 101 101

2030 2,021 0.6 0.6 2,033 101 101

2040 2,016 0.6 0.6 2,028 101 128

2050 2,020 0.6 0.6 2,032 101 126

2060 2,021 0.6 0.6 2,032 101 127

2070 2,021 0.6 0.6 2,033 101 129

2080 2,019 0.6 0.6 2,030 101 133

1

 Refer to memo for details.

2

 Average of highest 35 years of earnings wage indexed to 2010.

3

 Starting Dec 2012, compute the COLA using the CPI for Elderly Consumers rather than CPI-W.

All estimates based on the intermediate assumptions of the 2010 Trustees Report.

Scaled Medium Earner ($43,084 for 20102)

Percent of Present Law:

Table B1. Representative Deutch Plan: H.R. 5834 with AIME+1

For Worker Retiring at age 65 at Indicated Career Earnings Level

Benefit Level Percent Change at age 65

Present Law Benefit Proposal Benefit

Office of the Actuary

Social Security Administration

October 7, 2010

(Wage Indexed 2010 Dollars) (Percent Change) (Percents)

Scaled Low Earner ($19,388 for 20102)

Scaled Very Low Earner ($10,771 for 2010 2)

Steady Maximum Earner ($106,800 for 20102

)

Scaled High Earner ($68,934 for 20102)
Year 

Attain

Age 65 Age 65 Age 75 Age 85 Age 95

2010

2020 0.6 2.6 4.6 6.6

2030 0.6 2.6 4.6 6.6

2040 and later 0.6 2.6 4.6 6.6

2010

2020 0.6 2.6 4.6 6.6

2030 0.6 2.6 4.6 6.6

2040 and later 0.6 2.6 4.6 6.6

2010

2020 0.6 2.6 4.6 6.6

2030 0.6 2.6 4.6 6.6

2040 and later 0.6 2.6 4.6 6.6

2010

2020 0.6 2.6 4.6 6.6

2030 0.6 2.6 4.6 6.6

2040 and later 0.6 2.6 4.6 6.6

2010

2020 0.6 2.6 4.6 6.6

2030 0.6 2.6 4.6 6.6

2040 and later 0.6 2.6 4.6 6.6

1

 Refer to memo for details.

2

 Average of highest 35 years of earnings wage indexed to 2010.

3

 Starting Dec 2012, compute the COLA using the CPI for Elderly Consumers rather than CPI-W.

All estimates based on the intermediate assumptions of the 2010 Trustees Report.

Steady Maximum Earner ($106,800 for 20102)

Office of the Actuary

Social Security Administration

October 7, 2010

Scaled Very Low Earner ($10,771 for 20102)

Scaled Low Earner ($19,388 for 20102

)

Scaled Medium Earner ($43,084 for 20102)

Scaled High Earner ($68,934 for 20102)

Table B2. Representative Deutch Plan: H.R. 5834 with AIME+1

For Worker Retiring at age 65 at Indicated Career Earnings Level

Percent Change from Present Law Scheduled

(Percent Change)
Year Cost Rate

Income

Rate

Annual

Balance Cost Rate

Income

Rate

Annual

Balance

2010 13.09 12.33 -0.76 355 0.00 0.00 0.00

2011 13.04 13.21 0.17 353 0.00 0.29 0.29

2012 12.84 13.47 0.63 352 0.00 0.60 0.60

2013 12.85 13.83 0.99 351 0.03 0.93 0.91

2014 12.91 14.19 1.27 352 0.05 1.27 1.22

2015 13.05 14.54 1.49 355 0.08 1.60 1.53

2016 13.20 14.90 1.70 360 0.10 1.94 1.84

2017 13.43 15.27 1.84 366 0.12 2.28 2.16

2018 13.70 15.32 1.63 374 0.15 2.31 2.16

2019 14.01 15.35 1.34 379 0.17 2.32 2.15

2020 14.34 15.37 1.03 383 0.20 2.32 2.13

2021 14.67 15.39 0.72 386 0.22 2.32 2.11

2022 14.99 15.41 0.42 387 0.24 2.33 2.09

2023 15.29 15.43 0.14 387 0.26 2.33 2.07

2024 15.57 15.45 -0.12 386 0.28 2.33 2.05

2025 15.84 15.47 -0.37 384 0.30 2.33 2.03

2026 16.08 15.48 -0.60 381 0.32 2.34 2.01

2027 16.30 15.50 -0.80 377 0.34 2.34 2.00

2028 16.49 15.51 -0.98 372 0.36 2.34 1.98

2029 16.66 15.52 -1.14 367 0.38 2.34 1.97

2030 16.80 15.54 -1.26 362 0.39 2.34 1.95

2031 16.91 15.55 -1.37 357 0.41 2.34 1.94

2032 17.01 15.55 -1.46 351 0.42 2.35 1.93

2033 17.09 15.56 -1.53 346 0.43 2.35 1.91

2034 17.15 15.57 -1.58 340 0.45 2.35 1.90

2035 17.18 15.57 -1.61 334 0.46 2.35 1.89

2036 17.20 15.58 -1.63 329 0.47 2.35 1.89

2037 17.21 15.58 -1.63 323 0.47 2.35 1.88

2038 17.20 15.58 -1.61 318 0.48 2.36 1.87

2039 17.17 15.59 -1.58 313 0.49 2.36 1.87

2040 17.14 15.59 -1.55 308 0.49 2.36 1.86

2041 17.10 15.59 -1.51 304 0.50 2.36 1.86

2042 17.05 15.59 -1.47 300 0.50 2.36 1.86

2043 17.02 15.59 -1.43 295 0.50 2.36 1.86

2044 16.98 15.59 -1.39 291 0.51 2.36 1.86

2045 16.95 15.59 -1.36 287 0.51 2.36 1.86

2046 16.93 15.59 -1.34 284 0.51 2.37 1.85

2047 16.91 15.59 -1.32 280 0.51 2.37 1.85

2048 16.89 15.59 -1.29 276 0.51 2.37 1.86

2049 16.86 15.59 -1.27 272 0.51 2.37 1.86

2050 16.85 15.60 -1.25 269 0.51 2.37 1.86

2051 16.84 15.60 -1.24 265 0.51 2.37 1.86

2052 16.84 15.60 -1.24 261 0.51 2.37 1.86

2053 16.84 15.60 -1.24 258 0.51 2.37 1.86

2054 16.86 15.60 -1.25 254 0.51 2.37 1.86

2055 16.88 15.61 -1.27 249 0.51 2.38 1.86

2056 16.90 15.61 -1.29 245 0.51 2.38 1.87

2057 16.93 15.62 -1.31 240 0.51 2.38 1.87

2058 16.95 15.62 -1.33 236 0.51 2.38 1.87

2059 16.97 15.62 -1.35 231 0.51 2.38 1.87

2060 17.00 15.63 -1.37 226 0.52 2.38 1.87

2061 17.02 15.63 -1.40 220 0.52 2.38 1.87

2062 17.05 15.63 -1.42 215 0.52 2.39 1.87

2063 17.08 15.64 -1.44 209 0.52 2.39 1.87

2064 17.11 15.64 -1.47 203 0.52 2.39 1.87

2065 17.14 15.64 -1.50 197 0.52 2.39 1.87

2066 17.18 15.65 -1.53 191 0.53 2.39 1.87

2067 17.22 15.65 -1.56 184 0.53 2.39 1.86

2068 17.26 15.66 -1.60 177 0.53 2.39 1.86

2069 17.30 15.66 -1.64 170 0.53 2.40 1.86

2070 17.34 15.67 -1.68 163 0.54 2.40 1.86

2071 17.39 15.67 -1.72 155 0.54 2.40 1.86

2072 17.43 15.67 -1.76 147 0.54 2.40 1.86

2073 17.48 15.68 -1.80 139 0.54 2.40 1.86

2074 17.53 15.68 -1.85 130 0.55 2.40 1.86

2075 17.58 15.69 -1.89 121 0.55 2.41 1.86

2076 17.62 15.69 -1.93 112 0.55 2.41 1.86

2077 17.67 15.70 -1.97 103 0.55 2.41 1.85

2078 17.72 15.70 -2.02 93 0.56 2.41 1.85

2079 17.77 15.71 -2.06 83 0.56 2.41 1.85

2080 17.81 15.71 -2.10 72 0.56 2.41 1.85

2081 17.86 15.71 -2.14 62 0.56 2.42 1.85

2082 17.91 15.72 -2.19 51 0.57 2.42 1.85

2083 17.95 15.72 -2.23 39 0.57 2.42 1.85

2084 18.00 15.73 -2.27 28 0.57 2.42 1.85

Cost Rate Income Rate

Actuarial 

Balance

Change in 

Cost rate

Change in 

Income Rate

Change in 

Actuarial

Balance

16.32% 16.20% -0.13% N/A 0.39% 2.19% 1.79%

1 Under present law the year of exhaustion is 2037

Table 1 - Financial Effects of Representative Deutch Plan (H.R. 5834)

Proposal

Expressed as a percentage of present-law

taxable payroll Trust Fund

Ratio

1-1-year

Expressed as a percentage of present-law

taxable payroll

Change in Present Law

Year of 

Exhaustion1

Summarized Rates: OASDI

Based on Intermediate Assumptions of the 2010 Trustees Report

October 5, 2010

Summarized Rates: OASDI

2010 - 2084

Office of the Chief Actuary

Social Security Administration
Table 1a - General Fund Transfers, OASDI Trust Fund Assets, and Theoretical OASDI Assets - H.R. 5834

Annual

Amounts

Percentage

of Payroll

Annual

Amounts

Accumulated as of 

End of Year GDP

Without General

Fund Transfers

With Plan General

Fund Transfers

(1) (2) (3) (4) (5) (6) (7) (8)

2010 0.0 0.00 0.0 0 2617 14775 2617 2617

2011 0.0 0.00 0.0 0.0 2649 14910 2632 2632

2012 0.0 0.00 0.0 0.0 2685 15095 2634 2634

2013 0.0 0.00 0.0 0.0 2743 15316 2640 2640

2014 0.0 0.00 0.0 0.0 2828 15518 2652 2652

2015 0.0 0.00 0.0 0.0 2938 15711 2669 2669

2016 0.0 0.00 0.0 0.0 3062 15835 2681 2681

2017 0.0 0.00 0.0 0.0 3205 15948 2688 2688

2018 0.0 0.00 0.0 0.0 3343 16024 2686 2686

2019 0.0 0.00 0.0 0.0 3469 16083 2671 2671

2020 0.0 0.00 0.0 0.0 3588 16195 2645 2645

2021 0.0 0.00 0.0 0.0 3693 16307 2602 2602

2022 0.0 0.00 0.0 0.0 3783 16417 2542 2542

2023 0.0 0.00 0.0 0.0 3861 16533 2467 2467

2024 0.0 0.00 0.0 0.0 3926 16652 2375 2375

2025 0.0 0.00 0.0 0.0 3973 16753 2264 2264

2026 0.0 0.00 0.0 0.0 4005 16855 2137 2137

2027 0.0 0.00 0.0 0.0 4024 16957 1995 1995

2028 0.0 0.00 0.0 0.0 4031 17057 1838 1838

2029 0.0 0.00 0.0 0.0 4027 17151 1669 1669

2030 0.0 0.00 0.0 0.0 4014 17247 1488 1488

2031 0.0 0.00 0.0 0.0 3994 17350 1297 1297

2032 0.0 0.00 0.0 0.0 3966 17453 1097 1097

2033 0.0 0.00 0.0 0.0 3932 17552 887 887

2034 0.0 0.00 0.0 0.0 3894 17653 671 671

2035 0.0 0.00 0.0 0.0 3852 17755 449 449

2036 0.0 0.00 0.0 0.0 3809 17862 221 221

2037 0.0 0.00 0.0 0.0 3763 17971 -12 -12

2038 0.0 0.00 0.0 0.0 3718 18085 -248 -248

2039 0.0 0.00 0.0 0.0 3673 18198 -487 -487

2040 0.0 0.00 0.0 0.0 3630 18308 -729 -729

2041 0.0 0.00 0.0 0.0 3588 18421 -973 -973

2042 0.0 0.00 0.0 0.0 3549 18536 -1219 -1219

2043 0.0 0.00 0.0 0.0 3511 18653 -1469 -1469

2044 0.0 0.00 0.0 0.0 3475 18772 -1721 -1721

2045 0.0 0.00 0.0 0.0 3441 18892 -1976 -1976

2046 0.0 0.00 0.0 0.0 3407 19012 -2236 -2236

2047 0.0 0.00 0.0 0.0 3374 19130 -2499 -2499

2048 0.0 0.00 0.0 0.0 3341 19247 -2767 -2767

2049 0.0 0.00 0.0 0.0 3309 19366 -3039 -3039

2050 0.0 0.00 0.0 0.0 3278 19483 -3315 -3315

2051 0.0 0.00 0.0 0.0 3247 19599 -3597 -3597

2052 0.0 0.00 0.0 0.0 3214 19716 -3885 -3885

2053 0.0 0.00 0.0 0.0 3181 19832 -4179 -4179

2054 0.0 0.00 0.0 0.0 3146 19949 -4481 -4481

2055 0.0 0.00 0.0 0.0 3110 20068 -4791 -4791

2056 0.0 0.00 0.0 0.0 3070 20189 -5109 -5109

2057 0.0 0.00 0.0 0.0 3028 20312 -5436 -5436

2058 0.0 0.00 0.0 0.0 2983 20435 -5770 -5770

2059 0.0 0.00 0.0 0.0 2935 20559 -6114 -6114

2060 0.0 0.00 0.0 0.0 2884 20684 -6465 -6465

2061 0.0 0.00 0.0 0.0 2830 20808 -6826 -6826

2062 0.0 0.00 0.0 0.0 2773 20933 -7196 -7196

2063 0.0 0.00 0.0 0.0 2712 21060 -7576 -7576

2064 0.0 0.00 0.0 0.0 2649 21190 -7966 -7966

2065 0.0 0.00 0.0 0.0 2581 21321 -8367 -8367

2066 0.0 0.00 0.0 0.0 2509 21453 -8779 -8779

2067 0.0 0.00 0.0 0.0 2433 21585 -9202 -9202

2068 0.0 0.00 0.0 0.0 2352 21716 -9635 -9635

2069 0.0 0.00 0.0 0.0 2266 21846 -10081 -10081

2070 0.0 0.00 0.0 0.0 2174 21976 -10538 -10538

2071 0.0 0.00 0.0 0.0 2077 22104 -11007 -11007

2072 0.0 0.00 0.0 0.0 1974 22234 -11490 -11490

2073 0.0 0.00 0.0 0.0 1866 22363 -11985 -11985

2074 0.0 0.00 0.0 0.0 1751 22493 -12493 -12493

2075 0.0 0.00 0.0 0.0 1630 22622 -13016 -13016

2076 0.0 0.00 0.0 0.0 1503 22749 -13551 -13551

2077 0.0 0.00 0.0 0.0 1369 22874 -14100 -14100

2078 0.0 0.00 0.0 0.0 1229 22996 -14662 -14662

2079 0.0 0.00 0.0 0.0 1082 23117 -15238 -15238

2080 0.0 0.00 0.0 0.0 928 23239 -15829 -15829

2081 0.0 0.00 0.0 0.0 767 23359 -16433 -16433

2082 0.0 0.00 0.0 0.0 599 23480 -17053 -17053

2083 0.0 0.00 0.0 0.0 424 23599 -17688 -17688

2084 0.0 0.00 0.0 0.0 242 23716 -18338 -18338

Total 2010-2084 0.0

Based on the Intermediate Assumptions of the 2010 Trustees Report Office of the Chief Actuary

Ultimate Real Trust Fund Yield of 2.9% Social Security Administration

October 5, 2010

Calendar

Year

1

 Theoretical 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.

Proposal General Fund Transfers Billions of 2010 Average Wage Indexed Dollars

Proposal

Total OASDI

Trust Fund

Assets 

at End of Year

Theoretical Social Security1

with Borrowing Authority

Billions of 2010 Average Wage 

Indexed Dollars Net OASDI Trust Fund Assets at End of Year

Present Value in 

Billions as of 1-1-

2010
Table 1b - OASDI Changes & Unified Budget Effect (Present Value Dollars) - H.R. 5834

Year Relief Payments

Basic Changes

in OASDI

Cash Flow

Change

in Annual

Unified Budget

Cash Flow

Change in

Debt Held

by Public at

End of Year

Change

in Annual

Unified Budget

Balance

(1) (2) (3) = (1)+(2) (4) (5)

2010 0.0 0.0 0.0 0.0 0.0

2011 -13.3 15.6 2.3 -2.3 2.3

2012 0.0 32.4 32.4 -34.7 32.5

2013 0.0 49.9 49.9 -84.6 51.5

2014 0.0 67.9 67.9 -152.5 71.8

2015 0.0 85.8 85.8 -238.3 93.1

2016 0.0 104.0 104.0 -342.3 115.6

2017 0.0 122.1 122.1 -464.4 139.2

2018 0.0 121.7 121.7 -586.2 145.4

2019 0.0 119.9 119.9 -706.1 150.2

2020 0.0 117.7 117.7 -823.8 154.5

2021 0.0 115.3 115.3 -939.1 158.8

2022 0.0 112.9 112.9 -1051.9 163.0

2023 0.0 110.5 110.5 -1162.4 167.3

2024 0.0 108.1 108.1 -1270.5 171.7

2025 0.0 105.8 105.8 -1376.3 175.2

2026 0.0 103.5 103.5 -1479.8 178.7

2027 0.0 101.3 101.3 -1581.1 182.2

2028 0.0 99.3 99.3 -1680.4 185.7

2029 0.0 97.3 97.3 -1777.6 189.1

2030 0.0 95.4 95.4 -1873.0 192.5

2031 0.0 93.6 93.6 -1966.6 196.0

2032 0.0 91.9 91.9 -2058.6 199.4

2033 0.0 90.3 90.3 -2148.9 202.8

2034 0.0 88.8 88.8 -2237.7 206.2

2035 0.0 87.3 87.3 -2325.0 209.6

2036 0.0 85.9 85.9 -2410.9 213.0

2037 0.0 84.6 84.6 -2495.6 216.4

2038 0.0 83.4 83.4 -2579.0 219.8

2039 0.0 82.3 82.3 -2661.3 223.2

2040 0.0 81.1 81.1 -2742.4 226.6

2041 0.0 80.1 80.1 -2822.5 229.9

2042 0.0 79.0 79.0 -2901.5 233.3

2043 0.0 78.0 78.0 -2979.5 236.6

2044 0.0 77.1 77.1 -3056.6 239.9

2045 0.0 76.1 76.1 -3132.7 243.2

2046 0.0 75.2 75.2 -3207.8 246.4

2047 0.0 74.3 74.3 -3282.1 249.6

2048 0.0 73.4 73.4 -3355.5 252.7

2049 0.0 72.5 72.5 -3428.0 255.9

2050 0.0 71.7 71.7 -3499.6 259.0

2051 0.0 70.8 70.8 -3570.5 262.1

2052 0.0 70.0 70.0 -3640.5 265.1

2053 0.0 69.2 69.2 -3709.6 268.1

2054 0.0 68.3 68.3 -3777.9 271.1

2055 0.0 67.5 67.5 -3845.4 273.9

2056 0.0 66.6 66.6 -3912.0 276.8

2057 0.0 65.8 65.8 -3977.8 279.6

2058 0.0 65.0 65.0 -4042.8 282.4

2059 0.0 64.2 64.2 -4107.0 285.1

2060 0.0 63.4 63.4 -4170.4 287.8

2061 0.0 62.6 62.6 -4233.0 290.5

2062 0.0 61.8 61.8 -4294.7 293.1

2063 0.0 61.0 61.0 -4355.7 295.7

2064 0.0 60.2 60.2 -4415.9 298.2

2065 0.0 59.4 59.4 -4475.3 300.7

2066 0.0 58.6 58.6 -4533.9 303.2

2067 0.0 57.8 57.8 -4591.8 305.6

2068 0.0 57.1 57.1 -4648.9 308.0

2069 0.0 56.3 56.3 -4705.2 310.4

2070 0.0 55.6 55.6 -4760.8 312.7

2071 0.0 54.8 54.8 -4815.6 315.0

2072 0.0 54.1 54.1 -4869.7 317.3

2073 0.0 53.4 53.4 -4923.1 319.5

2074 0.0 52.7 52.7 -4975.8 321.7

2075 0.0 52.0 52.0 -5027.8 323.9

2076 0.0 51.3 51.3 -5079.0 326.0

2077 0.0 50.6 50.6 -5129.6 328.2

2078 0.0 49.9 49.9 -5179.5 330.2

2079 0.0 49.2 49.2 -5228.7 332.3

2080 0.0 48.6 48.6 -5277.3 334.3

2081 0.0 47.9 47.9 -5325.2 336.3

2082 0.0 47.3 47.3 -5372.4 338.3

2083 0.0 46.6 46.6 -5419.1 340.2

2084 0.0 46.0 46.0 -5465.1 342.2

-13.3 5478.3 5465.1

Based on Intermediate Assumptions of the 2010 Trustees Report Office of the Chief Actuary

Social Security Administration

Ultimate Real Trust Fund Yield of 2.9% October 5, 2010

Total 2010-84

Billions of Present Value Dollars as of 1-1-2010
Table 1b.n - OASDI Changes & Unified Budget Effect (Nominal Dollars) - H.R. 5834

Year Relief Payments

Basic Changes

in OASDI

Cash Flow

Change

in Annual

Unified Budget

Cash Flow

Change in

Debt Held

by Public at

End of Year

Change

in Annual

Unified Budget

Balance

(1) (2) (3) = (1)+(2) (4) (5)

2010 0.0 0.0 0.0 0.0 0.0

2011 -14.2 16.7 2.5 -2.5 2.5

2012 0.0 36.3 36.3 -39.7 37.2

2013 0.0 58.4 58.4 -101.4 61.6

2014 0.0 83.3 83.3 -191.6 90.2

2015 0.0 110.6 110.6 -314.3 122.7

2016 0.0 140.8 140.8 -474.4 160.1

2017 0.0 173.9 173.9 -677.1 202.7

2018 0.0 182.5 182.5 -900.0 222.9

2019 0.0 189.5 189.5 -1142.8 242.8

Based on Intermediate Assumptions of the 2010 Trustees Report. Office of the Chief Actuary

Social Security Administration

October 5, 2010

Billions of Nominal Dollars
Cost

Expenditures

(Payable)

Tax

Income Cost

Expenditures

(Payable)

Tax

Income

(1) (2) (3) (4) (5) (6)

2010 4.84 4.84 4.56 4.84 4.84 4.56

2011 4.80 4.80 4.75 4.80 4.80 4.86

2012 4.76 4.76 4.77 4.76 4.76 4.99

2013 4.75 4.75 4.78 4.76 4.76 5.13

2014 4.78 4.78 4.80 4.80 4.80 5.27

2015 4.83 4.83 4.81 4.86 4.86 5.41

2016 4.90 4.90 4.84 4.93 4.93 5.57

2017 4.98 4.98 4.86 5.03 5.03 5.72

2018 5.08 5.08 4.88 5.14 5.14 5.75

2019 5.20 5.20 4.89 5.26 5.26 5.76

2020 5.30 5.30 4.89 5.38 5.38 5.76

2021 5.41 5.41 4.89 5.49 5.49 5.76

2022 5.51 5.51 4.88 5.59 5.59 5.75

2023 5.60 5.60 4.88 5.70 5.70 5.75

2024 5.68 5.68 4.88 5.79 5.79 5.74

2025 5.77 5.77 4.87 5.88 5.88 5.74

2026 5.84 5.84 4.87 5.96 5.96 5.74

2027 5.90 5.90 4.87 6.03 6.03 5.73

2028 5.96 5.96 4.87 6.09 6.09 5.73

2029 6.01 6.01 4.87 6.15 6.15 5.73

2030 6.05 6.05 4.86 6.19 6.19 5.73

2031 6.08 6.08 4.86 6.23 6.23 5.73

2032 6.10 6.10 4.86 6.26 6.26 5.72

2033 6.12 6.12 4.86 6.28 6.28 5.72

2034 6.13 6.13 4.85 6.30 6.30 5.72

2035 6.14 6.14 4.85 6.30 6.30 5.71

2036 6.14 6.14 4.85 6.31 6.31 5.71

2037 6.13 6.06 4.84 6.30 6.30 5.71

2038 6.11 4.84 4.84 6.29 6.29 5.70

2039 6.10 4.84 4.84 6.28 6.28 5.70

2040 6.08 4.83 4.83 6.26 6.26 5.69

2041 6.05 4.83 4.83 6.24 6.24 5.69

2042 6.03 4.82 4.82 6.21 6.21 5.68

2043 6.01 4.81 4.81 6.19 6.19 5.67

2044 5.99 4.81 4.81 6.17 6.17 5.67

2045 5.97 4.80 4.80 6.15 6.15 5.66

2046 5.95 4.79 4.79 6.14 6.14 5.65

2047 5.94 4.79 4.79 6.12 6.12 5.65

2048 5.92 4.78 4.78 6.11 6.11 5.64

2049 5.91 4.78 4.78 6.09 6.09 5.63

2050 5.89 4.77 4.77 6.08 6.08 5.63

2051 5.88 4.76 4.76 6.06 6.06 5.62

2052 5.87 4.76 4.76 6.06 6.06 5.61

2053 5.87 4.75 4.75 6.05 6.05 5.61

2054 5.87 4.75 4.75 6.05 6.05 5.60

2055 5.87 4.74 4.74 6.05 6.05 5.59

2056 5.87 4.74 4.74 6.05 6.05 5.59

2057 5.87 4.73 4.73 6.05 6.05 5.58

2058 5.87 4.73 4.73 6.05 6.05 5.57

2059 5.87 4.72 4.72 6.05 6.05 5.57

2060 5.87 4.71 4.71 6.05 6.05 5.56

2061 5.87 4.71 4.71 6.05 6.05 5.56

2062 5.87 4.70 4.70 6.05 6.05 5.55

2063 5.87 4.70 4.70 6.06 6.06 5.54

2064 5.87 4.69 4.69 6.06 6.06 5.54

2065 5.88 4.69 4.69 6.06 6.06 5.53

2066 5.88 4.68 4.68 6.06 6.06 5.52

2067 5.88 4.67 4.67 6.07 6.07 5.52

2068 5.89 4.67 4.67 6.07 6.07 5.51

2069 5.89 4.66 4.66 6.08 6.08 5.51

2070 5.90 4.66 4.66 6.09 6.09 5.50

2071 5.91 4.65 4.65 6.10 6.10 5.49

2072 5.92 4.65 4.65 6.11 6.11 5.49

2073 5.92 4.64 4.64 6.11 6.11 5.48

2074 5.93 4.64 4.64 6.12 6.12 5.48

2075 5.94 4.63 4.63 6.13 6.13 5.47

2076 5.95 4.63 4.63 6.14 6.14 5.47

2077 5.96 4.62 4.62 6.15 6.15 5.46

2078 5.97 4.62 4.62 6.16 6.16 5.46

2079 5.97 4.62 4.62 6.17 6.17 5.45

2080 5.98 4.61 4.61 6.18 6.18 5.45

2081 5.99 4.61 4.61 6.19 6.19 5.45

2082 6.00 4.61 4.61 6.20 6.20 5.44

2083 6.01 4.60 4.60 6.21 6.21 5.44

2084 6.02 4.60 4.60 6.22 6.22 5.43

October 5, 2010

Social Security Administration

Table 1c - Present Law and Proposal Cost, Expenditures, and Income: As Percent of GDP - H.R. 5834

Present Law OASDI Proposal OASDI

Calendar

Year

Based on Intermediate Assumptions of the 2010 Trustees Report. Office of the Chief Actuary
Year

Present Law OASDI

Trust Fund Assets /

Unfunded Obligation

Through End of Year

Changes 

in OASDI 

Income

Changes

in OASDI 

Cost

Basic

Changes

in OASDI

Cash Flow

Total Change

Through

End of Year

Proposal OASDI

Trust Fund Assets /

Unfunded Obligation

Through End of Year

(1) (2) (3) (4) = (2)-(3) (5) = cumulative sum(4) (6) = (1)+(5)

2010 2500.1 0.0 0.0 0.0 0.0 2500.1

2011 2493.9 15.6 0.0 15.6 15.6 2509.5

2012 2495.8 32.5 0.0 32.4 48.0 2543.9

2013 2500.7 51.3 1.5 49.9 97.9 2598.6

2014 2504.4 70.8 2.9 67.9 165.8 2670.2

2015 2502.6 90.1 4.3 85.8 251.6 2754.2

2016 2495.2 109.7 5.7 104.0 355.6 2850.8

2017 2478.0 129.2 7.1 122.1 477.7 2955.8

2018 2448.8 130.1 8.4 121.7 599.5 3048.3

2019 2404.4 129.6 9.6 119.9 719.4 3123.8

2020 2344.3 128.5 10.8 117.7 837.1 3181.4

2021 2269.2 127.2 11.9 115.3 952.3 3221.6

2022 2180.2 125.8 12.9 112.9 1065.2 3245.4

2023 2078.2 124.4 13.9 110.5 1175.7 3253.9

2024 1964.7 122.9 14.8 108.1 1283.8 3248.5

2025 1840.6 121.4 15.7 105.8 1389.6 3230.2

2026 1707.4 120.0 16.5 103.5 1493.1 3200.5

2027 1566.5 118.6 17.3 101.3 1594.4 3160.9

2028 1419.1 117.3 18.0 99.3 1693.7 3112.8

2029 1266.6 115.9 18.6 97.3 1790.9 3057.6

2030 1110.6 114.5 19.2 95.4 1886.3 2996.9

2031 951.9 113.3 19.7 93.6 1979.9 2931.8

2032 791.4 112.0 20.1 91.9 2071.8 2863.2

2033 629.9 110.8 20.5 90.3 2162.2 2792.1

2034 468.5 109.5 20.8 88.8 2250.9 2719.4

2035 308.0 108.3 21.0 87.3 2338.3 2646.3

2036 149.0 107.1 21.2 85.9 2424.2 2573.2

2037 -7.9 106.0 21.3 84.6 2508.8 2500.9

2038 -162.2 104.9 21.4 83.4 2592.3 2430.1

2039 -313.2 103.7 21.5 82.3 2674.5 2361.4

2040 -460.7 102.6 21.5 81.1 2755.7 2294.9

2041 -604.7 101.5 21.4 80.1 2835.7 2231.0

2042 -745.2 100.3 21.3 79.0 2914.8 2169.6

2043 -882.3 99.2 21.2 78.0 2992.8 2110.5

2044 -1016.3 98.1 21.0 77.1 3069.9 2053.6

2045 -1147.4 96.9 20.8 76.1 3146.0 1998.6

2046 -1275.9 95.8 20.7 75.2 3221.1 1945.3

2047 -1402.0 94.7 20.4 74.3 3295.4 1893.4

2048 -1525.6 93.6 20.2 73.4 3368.7 1843.1

2049 -1646.9 92.5 20.0 72.5 3441.3 1794.3

2050 -1766.0 91.4 19.7 71.7 3512.9 1746.9

2051 -1883.2 90.3 19.4 70.8 3583.8 1700.6

2052 -1998.8 89.2 19.2 70.0 3653.7 1654.9

2053 -2113.3 88.1 18.9 69.2 3722.9 1609.6

2054 -2226.7 87.0 18.7 68.3 3791.2 1564.5

2055 -2339.4 85.9 18.5 67.5 3858.7 1519.3

2056 -2451.4 84.9 18.3 66.6 3925.3 1473.9

2057 -2562.8 83.8 18.0 65.8 3991.1 1428.3

2058 -2673.5 82.8 17.8 65.0 4056.1 1382.7

2059 -2783.4 81.8 17.7 64.2 4120.3 1336.9

2060 -2892.6 80.9 17.5 63.4 4183.7 1291.1

2061 -3001.2 79.9 17.3 62.6 4246.3 1245.0

2062 -3109.2 78.9 17.1 61.8 4308.0 1198.8

2063 -3216.6 77.9 17.0 61.0 4369.0 1152.4

2064 -3323.4 77.0 16.8 60.2 4429.2 1105.8

2065 -3429.7 76.1 16.7 59.4 4488.6 1058.9

2066 -3535.7 75.1 16.5 58.6 4547.2 1011.5

2067 -3641.3 74.2 16.4 57.8 4605.1 963.7

2068 -3746.7 73.3 16.2 57.1 4662.2 915.5

2069 -3851.9 72.4 16.1 56.3 4718.5 866.6

2070 -3956.9 71.6 16.0 55.6 4774.1 817.2

2071 -4061.7 70.7 15.8 54.8 4828.9 767.3

2072 -4166.3 69.8 15.7 54.1 4883.0 716.7

2073 -4270.8 69.0 15.6 53.4 4936.4 665.6

2074 -4375.1 68.1 15.5 52.7 4989.1 614.0

2075 -4479.3 67.3 15.3 52.0 5041.0 561.8

2076 -4583.2 66.5 15.2 51.3 5092.3 509.1

2077 -4687.0 65.7 15.1 50.6 5142.9 455.9

2078 -4790.5 64.9 15.0 49.9 5192.8 402.3

2079 -4893.8 64.1 14.8 49.2 5242.0 348.2

2080 -4996.8 63.3 14.7 48.6 5290.5 293.7

2081 -5099.6 62.5 14.6 47.9 5338.5 238.8

2082 -5202.1 61.7 14.5 47.3 5385.7 183.6

2083 -5304.4 61.0 14.3 46.6 5432.3 128.0

2084 -5406.3 60.2 14.2 46.0 5478.3 72.1

Total 2010-2084 6663.4 1185.1 5478.3

Based on Intermediate Assumptions of the 2010 Trustees Report. Office of the Chief Actuary

Social Security Administration

Ultimate Real Trust Fund Yield of 2.9%. October 5, 2010

(Billions of Dollars, Present Value on 1-1-2010)

Table 1d - Change in Long-Range Trust Fund Assets / Unfunded Obligation - H.R. 5834