| Year                                                                                                                                                                                            | Ferrara ProposalNet Amount of Cash-Flow from the OASDITrust Funds to the General Fund of theTreasury During the Year1 | Theoretical Social Security with PAYGO TransfersNet Amount of Cash-Flow from the OASDITrust Funds to the General Fund of theTreasury During the Year1 |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------|
||
||
| 2003                                                                                                                                                                                            | 1.8                                                                                                                   | 78                                                                                                                                                    | 76 | 78 | 1.8 | 78 | 76 | 78 |
| 2004                                                                                                                                                                                            | 1.8                                                                                                                   | 84                                                                                                                                                    | 77 | 82 | 1.8 | 84 | 77 | 82 |
| 2005                                                                                                                                                                                            | -3.4                                                                                                                  | -167                                                                                                                                                  | -144 | -159 | 2.0 | 95 | 82 | 91 |
| 2006                                                                                                                                                                                            | -3.7                                                                                                                  | -189                                                                                                                                                  | -154 | -175 | 2.0 | 104 | 84 | 96 |
| 2007                                                                                                                                                                                            | -3.8                                                                                                                  | -204                                                                                                                                                  | -156 | -183 | 2.0 | 111 | 85 | 100 |
| 2008                                                                                                                                                                                            | -3.9                                                                                                                  | -224                                                                                                                                                  | -161 | -195 | 2.0 | 113 | 82 | 99 |
| 2009                                                                                                                                                                                            | -4.1                                                                                                                  | -247                                                                                                                                                  | -167 | -209 | 1.9 | 113 | 77 | 96 |
| 2010                                                                                                                                                                                            | -4.3                                                                                                                  | -272                                                                                                                                                  | -173 | -223 | 1.8 | 111 | 71 | 91 |
| 2011                                                                                                                                                                                            | -4.5                                                                                                                  | -298                                                                                                                                                  | -179 | -237 | 1.6 | 108 | 65 | 86 |
| 2012                                                                                                                                                                                            | -4.8                                                                                                                  | -329                                                                                                                                                  | -186 | -254 | 1.4 | 100 | 56 | 77 |
| 2013                                                                                                                                                                                            | -5.0                                                                                                                  | -363                                                                                                                                                  | -193 | -273 | 1.2 | 88 | 47 | 66 |
| 2014                                                                                                                                                                                            | -5.3                                                                                                                  | -400                                                                                                                                                  | -201 | -292 | 1.0 | 73 | 37 | 53 |
| 2015                                                                                                                                                                                            | -5.5                                                                                                                  | -440                                                                                                                                                  | -208 | -312 | 0.7 | 55 | 26 | 39 |
| 2016                                                                                                                                                                                            | -5.8                                                                                                                  | -481                                                                                                                                                  | -215 | -331 | 0.4 | 33 | 15 | 23 |
| 2017                                                                                                                                                                                            | -6.1                                                                                                                  | -525                                                                                                                                                  | -220 | -350 | 0.1 | 7 | 3 | 4 |
| 2018                                                                                                                                                                                            | -6.3                                                                                                                  | -571                                                                                                                                                  | -226 | -370 | -0.3 | -23 | -9 | -15 |
| 2019                                                                                                                                                                                            | -6.5                                                                                                                  | -618                                                                                                                                                  | -231 | -389 | -0.6 | -56 | -21 | -35 |
| 2020                                                                                                                                                                                            | -6.8                                                                                                                  | -668                                                                                                                                                  | -235 | -408 | -0.9 | -92 | -33 | -56 |
| 2021                                                                                                                                                                                            | -7.0                                                                                                                  | -720                                                                                                                                                  | -239 | -427 | -1.3 | -133 | -44 | -79 |
| 2022                                                                                                                                                                                            | -7.2                                                                                                                  | -773                                                                                                                                                  | -241 | -445 | -1.6 | -176 | -55 | -101 |
| 2023                                                                                                                                                                                            | -7.3                                                                                                                  | -823                                                                                                                                                  | -243 | -460 | -1.9 | -218 | -64 | -122 |
| 2024                                                                                                                                                                                            | -7.4                                                                                                                  | -875                                                                                                                                                  | -243 | -475 | -2.2 | -263 | -73 | -143 |
| 2025                                                                                                                                                                                            | -7.5                                                                                                                  | -926                                                                                                                                                  | -242 | -488 | -2.5 | -310 | -81 | -163 |
| 2026                                                                                                                                                                                            | -7.6                                                                                                                  | -976                                                                                                                                                  | -241 | -500 | -2.8 | -358 | -88 | -183 |
| 2027                                                                                                                                                                                            | -7.7                                                                                                                  | -1,026                                                                                                                                                | -239 | -510 | -3.1 | -409 | -95 | -203 |
| 2028                                                                                                                                                                                            | -7.7                                                                                                                  | -1,074                                                                                                                                                | -235 | -518 | -3.3 | -461 | -101 | -222 |
| 2029                                                                                                                                                                                            | -7.7                                                                                                                  | -1,119                                                                                                                                                | -231 | -524 | -3.5 | -513 | -106 | -240 |
| 2030                                                                                                                                                                                            | -7.6                                                                                                                  | -1,162                                                                                                                                                | -226 | -528 | -3.7 | -565 | -110 | -257 |
| 2031                                                                                                                                                                                            | -7.5                                                                                                                  | -1,201                                                                                                                                                | -220 | -530 | -3.9 | -617 | -113 | -272 |
| 2032                                                                                                                                                                                            | -7.4                                                                                                                  | -1,238                                                                                                                                                | -214 | -530 | -4.0 | -669 | -116 | -286 |
| 2033                                                                                                                                                                                            | -7.3                                                                                                                  | -1,271                                                                                                                                                | -207 | -529 | -4.1 | -719 | -117 | -299 |
| 2034                                                                                                                                                                                            | -7.2                                                                                                                  | -1,301                                                                                                                                                | -200 | -525 | -4.2 | -770 | -118 | -311 |
| 2035                                                                                                                                                                                            | -7.0                                                                                                                  | -1,328                                                                                                                                                | -192 | -521 | -4.3 | -819 | -119 | -321 |
| 2036                                                                                                                                                                                            | -6.8                                                                                                                  | -1,351                                                                                                                                                | -184 | -514 | -4.4 | -869 | -119 | -331 |
| 2037                                                                                                                                                                                            | -6.6                                                                                                                  | -1,370                                                                                                                                                | -176 | -506 | -4.4 | -917 | -118 | -339 |
| 2038                                                                                                                                                                                            | -6.4                                                                                                                  | -1,385                                                                                                                                                | -168 | -497 | -4.5 | -966 | -117 | -347 |
| 2039                                                                                                                                                                                            | -6.2                                                                                                                  | -1,396                                                                                                                                                | -160 | -486 | -4.5 | -1,015 | -116 | -353 |
| 2040                                                                                                                                                                                            | -5.9                                                                                                                  | -1,403                                                                                                                                                | -151 | -474 | -4.5 | -1,065 | -115 | -360 |
| 2041                                                                                                                                                                                            | -5.7                                                                                                                  | -1,405                                                                                                                                                | -143 | -461 | -4.5 | -1,117 | -113 | -367 |
| 2042                                                                                                                                                                                            | -5.4                                                                                                                  | -1,404                                                                                                                                                | -134 | -447 | -4.5 | -1,171 | -112 | -373 |
| 2043                                                                                                                                                                                            | -5.2                                                                                                                  | -1,397                                                                                                                                                | -126 | -433 | -4.6 | -1,230 | -111 | -381 |
| 2044                                                                                                                                                                                            | -4.9                                                                                                                  | -1,387                                                                                                                                                | -118 | -417 | -4.6 | -1,292 | -110 | -388 |
| 2045                                                                                                                                                                                            | -4.7                                                                                                                  | -1,372                                                                                                                                                | -110 | -400 | -4.6 | -1,360 | -109 | -397 |
| 2046                                                                                                                                                                                            | -4.4                                                                                                                  | -1,351                                                                                                                                                | -102 | -383 | -4.7 | -1,433 | -108 | -406 |
| 2047                                                                                                                                                                                            | -4.1                                                                                                                  | -1,325                                                                                                                                                | -94 | -364 | -4.7 | -1,510 | -108 | -415 |
| 2048                                                                                                                                                                                            | -3.9                                                                                                                  | -1,294                                                                                                                                                | -87 | -346 | -4.8 | -1,593 | -107 | -425 |
| 2049                                                                                                                                                                                            | -3.6                                                                                                                  | -1,263                                                                                                                                                | -80 | -328 | -4.8 | -1,681 | -106 | -436 |
| 2050                                                                                                                                                                                            | -3.4                                                                                                                  | -1,230                                                                                                                                                | -73 | -309 | -4.9 | -1,776 | -106 | -447 |
| 2051                                                                                                                                                                                            | -3.1                                                                                                                  | -1,192                                                                                                                                                | -67 | -291 | -5.0 | -1,878 | -106 | -459 |
| 2052                                                                                                                                                                                            | -2.9                                                                                                                  | -1,154                                                                                                                                                | -61 | -274 | -5.0 | -1,989 | -105 | -472 |
| 2053                                                                                                                                                                                            | -2.7                                                                                                                  | -1,109                                                                                                                                                | -55 | -255 | -5.1 | -2,105 | -105 | -485 |
| 2054                                                                                                                                                                                            | -2.5                                                                                                                  | -1,065                                                                                                                                                | -50 | -238 | -5.2 | -2,227 | -105 | -498 |
| 2055                                                                                                                                                                                            | -2.3                                                                                                                  | -1,019                                                                                                                                                | -45 | -221 | -5.2 | -2,356 | -105 | -511 |
| 2056                                                                                                                                                                                            | -2.1                                                                                                                  | -972                                                                                                                                                  | -41 | -205 | -5.3 | -2,490 | -104 | -525 |
| 2057                                                                                                                                                                                            | -1.9                                                                                                                  | -926                                                                                                                                                  | -37 | -190 | -5.4 | -2,630 | -104 | -538 |
| 2058                                                                                                                                                                                            | -1.7                                                                                                                  | -883                                                                                                                                                  | -33 | -175 | -5.4 | -2,775 | -103 | -551 |
| 2059                                                                                                                                                                                            | -1.6                                                                                                                  | -842                                                                                                                                                  | -30 | -162 | -5.5 | -2,924 | -103 | -564 |
| 2060                                                                                                                                                                                            | -1.4                                                                                                                  | -805                                                                                                                                                  | -27 | -151 | -5.5 | -3,079 | -102 | -577 |
| 2061                                                                                                                                                                                            | -1.3                                                                                                                  | -772                                                                                                                                                  | -24 | -140 | -5.6 | -3,240 | -101 | -589 |
| 2062                                                                                                                                                                                            | -1.2                                                                                                                  | -743                                                                                                                                                  | -22 | -131 | -5.6 | -3,411 | -100 | -602 |
| 2063                                                                                                                                                                                            | -1.1                                                                                                                  | -718                                                                                                                                                  | -20 | -123 | -5.7 | -3,592 | -99 | -616 |
| 2064                                                                                                                                                                                            | -1.1                                                                                                                  | -699                                                                                                                                                  | -18 | -116 | -5.7 | -3,782 | -99 | -629 |
| 2065                                                                                                                                                                                            | -1.0                                                                                                                  | -683                                                                                                                                                  | -17 | -110 | -5.8 | -3,984 | -98 | -644 |
| 2066                                                                                                                                                                                            | -0.9                                                                                                                  | -670                                                                                                                                                  | -16 | -105 | -5.8 | -4,196 | -97 | -658 |
| 2067                                                                                                                                                                                            | -0.9                                                                                                                  | -660                                                                                                                                                  | -14 | -100 | -5.9 | -4,422 | -97 | -673 |
| 2068                                                                                                                                                                                            | -0.8                                                                                                                  | -652                                                                                                                                                  | -13 | -96 | -6.0 | -4,660 | -96 | -689 |
| 2069                                                                                                                                                                                            | -0.8                                                                                                                  | -648                                                                                                                                                  | -13 | -93 | -6.0 | -4,910 | -95 | -705 |
| 2070                                                                                                                                                                                            | -0.8                                                                                                                  | -650                                                                                                                                                  | -12 | -91 | -6.1 | -5,175 | -95 | -721 |
| 2071                                                                                                                                                                                            | -0.7                                                                                                                  | -655                                                                                                                                                  | -11 | -89 | -6.1 | -5,453 | -94 | -738 |
| 2072                                                                                                                                                                                            | -0.7                                                                                                                  | -665                                                                                                                                                  | -11 | -87 | -6.2 | -5,745 | -93 | -755 |
| 2073                                                                                                                                                                                            | -0.7                                                                                                                  | -679                                                                                                                                                  | -10 | -87 | -6.3 | -6,051 | -93 | -772 |
| 2074                                                                                                                                                                                            | -0.7                                                                                                                  | -697                                                                                                                                                  | -10 | -86 | -6.3 | -6,373 | -92 | -789 |
| 2075                                                                                                                                                                                            | -0.7                                                                                                                  | -719                                                                                                                                                  | -10 | -86 | -6.4 | -6,711 | -91 | -807 |
| 2076                                                                                                                                                                                            | -0.7                                                                                                                  | -745                                                                                                                                                  | -10 | -87 | -6.4 | -7,065 | -91 | -825 |
| 2077                                                                                                                                                                                            | -0.7                                                                                                                  | -774                                                                                                                                                  | -9 | -88 | -6.5 | -7,435 | -90 | -842 |
| 2078                                                                                                                                                                                            | -0.7                                                                                                                  | -808                                                                                                                                                  | -9 | -89 | -6.6 | -7,825 | -89 | -861 |
| Total 2003-77                                                                                                                                                                                   |                                                                                                                  |                                                                                                                                                  | -8,903 |   |   |   | -4,922 |   |
| 1 Equals net investment in special Treasury Bonds by the Trust Funds less the Amount of General Fund transfers included in the proposal (Ferrara) or in the theoretical plan (PAYGO Transfers). |
|                                                                                                                                                                                            | Office of the ActuarySocial Security AdministrationDecember 1, 2003                                                   |

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