publicdata/ssa-gov
1
0
Fork 0
Code Issues Pull requests Projects Releases Packages Wiki Activity Actions
ssa-gov/www.ssa.gov/OACT/TR/TR04/trTOC.html

311 lines
18 KiB
HTML
Raw Blame History

<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html><!-- #BeginTemplate "/Templates/archival1.dwt" -->
<!-- tl: 15.archival.1.1 -->
<head>
<meta name="dc.language" scheme="ISO639-2" content="eng">
<meta name="dc.creator" content="OACT">
<meta name="lead_content_manager" content="JeffK">
<meta name="coder" content="JeffK">
<meta name="dc.date.created" scheme="ISO8601" content="2004-03-16">
<meta name="dc.date.reviewed" scheme="ISO8601" content="2005-12-12">
<meta name="dc.title" content="Contents -- 2004 Trustees Report">
<meta name="GENERATOR" content="Quadralay WebWorks Publisher Professional Edition 7.0.2.1206" />
<title>Contents -- 2004 Trustees Report</title>
<link rel="StyleSheet" href="document.css" type="text/css" media="all" />
<link rel="StyleSheet" href="catalog.css" type="text/css" media="all" />
<link rel="StyleSheet" href="../../templatefiles/print.css" type="text/css" media="print" />
<script>(window.BOOMR_mq=window.BOOMR_mq||[]).push(["addVar",{"rua.upush":"false","rua.cpush":"false","rua.upre":"false","rua.cpre":"false","rua.uprl":"false","rua.cprl":"false","rua.cprf":"false","rua.trans":"","rua.cook":"false","rua.ims":"false","rua.ufprl":"false","rua.cfprl":"false","rua.isuxp":"false","rua.texp":"norulematch","rua.ceh":"false","rua.ueh":"false","rua.ieh.st":"0"}]);</script>
<script>!function(e){var n="https://s.go-mpulse.net/boomerang/";if("False"=="True")e.BOOMR_config=e.BOOMR_config||{},e.BOOMR_config.PageParams=e.BOOMR_config.PageParams||{},e.BOOMR_config.PageParams.pci=!0,n="https://s2.go-mpulse.net/boomerang/";if(window.BOOMR_API_key="LERZW-HECFS-R8H4E-23UQ7-ERMQB",function(){function e(){if(!o){var e=document.createElement("script");e.id="boomr-scr-as",e.src=window.BOOMR.url,e.async=!0,i.parentNode.appendChild(e),o=!0}}function t(e){o=!0;var n,t,a,r,d=document,O=window;if(window.BOOMR.snippetMethod=e?"if":"i",t=function(e,n){var t=d.createElement("script");t.id=n||"boomr-if-as",t.src=window.BOOMR.url,BOOMR_lstart=(new Date).getTime(),e=e||d.body,e.appendChild(t)},!window.addEventListener&&window.attachEvent&&navigator.userAgent.match(/MSIE [67]\./))return window.BOOMR.snippetMethod="s",void t(i.parentNode,"boomr-async");a=document.createElement("IFRAME"),a.src="about:blank",a.title="",a.role="presentation",a.loading="eager",r=(a.frameElement||a).style,r.width=0,r.height=0,r.border=0,r.display="none",i.parentNode.appendChild(a);try{O=a.contentWindow,d=O.document.open()}catch(_){n=document.domain,a.src="javascript:var d=document.open();d.domain='"+n+"';void(0);",O=a.contentWindow,d=O.document.open()}if(n)d._boomrl=function(){this.domain=n,t()},d.write("<bo"+"dy onload='document._boomrl();'>");else if(O._boomrl=function(){t()},O.addEventListener)O.addEventListener("load",O._boomrl,!1);else if(O.attachEvent)O.attachEvent("onload",O._boomrl);d.close()}function a(e){window.BOOMR_onload=e&&e.timeStamp||(new Date).getTime()}if(!window.BOOMR||!window.BOOMR.version&&!window.BOOMR.snippetExecuted){window.BOOMR=window.BOOMR||{},window.BOOMR.snippetStart=(new Date).getTime(),window.BOOMR.snippetExecuted=!0,window.BOOMR.snippetVersion=12,window.BOOMR.url=n+"LERZW-HECFS-R8H4E-23UQ7-ERMQB";var i=document.currentScript||document.getElementsByTagName("script")[0],o=!1,r=document.createElement("link");if(r.relList&&"function"==typeof r.relList.supports&&r.relList.supports("preload")&&"as"in r)window.BOOMR.snippetMethod="p",r.href=window.BOOMR.url,r.rel="preload",r.as="script",r.addEventListener("load",e),r.addEventListener("error",function(){t(!0)}),setTimeout(function(){if(!o)t(!0)},3e3),BOOMR_lstart=(new Date).getTime(),i.parentNode.appendChild(r);else t(!1);if(window.addEventListener)window.addEventListener("load",a,!1);else if(window.attachEvent)window.attachEvent("onload",a)}}(),"".length>0)if(e&&"performance"in e&&e.performance&&"function"==typeof e.performance.setResourceTimingBufferSize)e.performance.setResourceTimingBufferSize();!function(){if(BOOMR=e.BOOMR||{},BOOMR.plugins=BOOMR.plugins||{},!BOOMR.plugins.AK){var n=""=="true"?1:0,t="",a="vht6pfix22vgcz6v63ha-f-dbd4bb11b-clientnsv4-s.akamaihd.net",i="false"=="true"?2:1,o={"ak.v":"39","ak.cp":"1204614","ak.ai":parseInt("728289",10),"ak.ol":"0","ak.cr":7,"ak.ipv":4,"ak.proto":"http/1.1","ak.rid":"37b5403","ak.r":35636,"ak.a2":n,"ak.m":"dsca","ak.n":"essl","ak.bpcip":"169.231.231.0","ak.cport":37142,"ak.gh":"23.214.170.93","ak.quicv":"","ak.tlsv":"tls1.3","ak.0rtt":"","ak.0rtt.ed":"","ak.csrc":"-","ak.acc":"reno","ak.t":"1742075598","ak.ak":"hOBiQwZUYzCg5VSAfCLimQ==A/uUZsnwNbydqLPftDeLDFSiNKPwARLiOoF5lEQOyMaTscfRQFRXQxcWBncNU0pptO0QQeR1VxGFnGPrPFMevX0xJPqtBQO5uCtXfmwSava0myX/fxSt+xAd9cf3iYkieOD0Gisl+XTxsKiCCgg+Ah8AWjNJ7+Oada1CemJ2PGm54lq0vHTvNLE0WH9RBBFdSuPH7OoJNrNoIhfIfGUtwn0gpDdgjXu6T3r6mwQD1/anYPqoMPdDT2SVpq7N6VR14h/4atCWjT+CMzebVUSW0HrCN5lvLkp9iOXdkpz6y+0os3km8QIRz3RzRxLHr7R8byfDiJhXgTbBMkdfaLUVEt2HremIQVQuXXdOniD4k6SpMPIK/Uwg2SyTHxhUIgGDo7lMzj/IMXbUleT8KXUA8zKWvilrD7sw04l/zABIxUs=","ak.pv":"98","ak.dpoabenc":"","ak.tf":i};if(""!==t)o["ak.ruds"]=t;var r={i:!1,av:function(n){var t="http.initiator";if(n&&(!n[t]||"spa_hard"===n[t]))o["ak.feo"]=void 0!==e.aFeoApplied?1:0,BOOMR.addVar(o)},rv:function(){var e=["ak.bpcip","ak.cport","ak.cr","ak.csrc","ak.gh","ak.ipv","ak.m","ak.n","ak.ol","ak.proto","ak.quicv","ak.tlsv","ak.0rtt","ak.0rtt.ed","ak.r","ak.acc","ak.t","ak.tf"];BOOMR.removeVar(e)}};BOOMR.plugins.AK={akVars:o,akDNSPreFetchDomain:a,init:function(){if(!r.i){var e=BOOMR.subscribe;e("before_beacon",r.av,null,null),e("onbeacon",r.rv,null,null),r.i=!0}return this},is_complete:function(){return!0}}}}()}(window);</script></head>
<body>
<table summary="Document navigation links" border="0" cellpadding="0" cellspacing="0">
<tr>
<td width="60%"><h2 class="pTitle">2004 OASDI Trustees Report</h2></td>
<td><a accesskey="c" href="trTOC.html"><img id="LongDescNotReq1" src="images/toc.gif" border="0" alt="Contents" /></a></td>
<td><a accesskey="n" href="I_intro.html"><img id="LongDescNotReq3" src="images/next.gif" border="0" alt="Next" /></a></td>
<td><a accesskey="t" href="trLOT.html"><img id="LongDescNotReq5" src="images/tables.gif" border="0" alt="List of Tables" /></a></td>
<td><a accesskey="f" href="trLOF.html"><img id="LongDescNotReq6" src="images/figures.gif" border="0" alt="List of Figures" /></a></td>
<td><a accesskey="i" href="trIX.html"><img id="LongDescNotReq4" src="images/index.gif" border="0" alt="Index" /></a></td>
</tr>
<tr align="left">
<td colspan="6"><hr /></td>
</tr>
</table>
<h3 class="pChapter">
CONTENTS
</h3>
<a name="wp684159"> </a><p class="pTOC1">
<a href="I_intro.html#wp999543"> I. INTRODUCTION</a>
</p>
<a name="wp684161"> </a><p class="pTOC1">
<a href="II_highlights.html#wp76455"> II. OVERVIEW</a>
</p>
<a name="wp684163"> </a><p class="pTOC2">
<a href="II_highlights.html#wp76460"> A. HIGHLIGHTS</a>
</p>
<a name="wp684165"> </a><p class="pTOC2">
<a href="II_cyoper.html#wp94983"> B. TRUST FUND FINANCIAL OPERATIONS IN 2003</a>
</p>
<a name="wp684167"> </a><p class="pTOC2">
<a href="II_assump.html#wp94905"> C. ASSUMPTIONS ABOUT THE FUTURE</a>
</p>
<a name="wp684169"> </a><p class="pTOC2">
<a href="II_project.html#wp105057"> D. PROJECTIONS OF FUTURE FINANCIAL STATUS</a>
</p>
<a name="wp684171"> </a><p class="pTOC2">
<a href="II_conclu.html#wp86802"> E. CONCLUSION</a>
</p>
<a name="wp684173"> </a><p class="pTOC1">
<a href="III_cyoper.html#wp89773"> III. FINANCIAL OPERATIONS OF THE TRUST FUNDS AND LEGISLATIVE CHANGES IN THE LAST YEAR</a>
</p>
<a name="wp684175"> </a><p class="pTOC2">
<a href="III_cyoper.html#wp84778"> A. OPERATIONS OF THE OLD-AGE AND SURVIVORS INSURANCE (OASI) AND DISABILITY INSURANCE (DI) TRUST FUNDS, IN CALENDAR YEAR 2003</a>
</p>
<a name="wp684177"> </a><p class="pTOC3">
<a href="III_cyoper.html#wp84548"> 1. OASI Trust Fund</a>
</p>
<a name="wp684179"> </a><p class="pTOC3">
<a href="III_cyoper.html#wp105731"> 2. DI Trust Fund</a>
</p>
<a name="wp684181"> </a><p class="pTOC3">
<a href="III_cyoper.html#wp82228"> 3. OASI and DI Trust Funds, Combined</a>
</p>
<a name="wp684183"> </a><p class="pTOC2">
<a href="III_amdmts.html#wp90567"> B. SOCIAL SECURITY AMENDMENTS SINCE THE 2003 REPORT</a>
</p>
<a name="wp684185"> </a><p class="pTOC1">
<a href="IV_SRest.html#wp77658"> IV. ACTUARIAL ESTIMATES</a>
</p>
<a name="wp684187"> </a><p class="pTOC2">
<a href="IV_SRest.html#wp90333"> A. SHORT-RANGE ESTIMATES</a>
</p>
<a name="wp684189"> </a><p class="pTOC3">
<a href="IV_SRest.html#wp90386"> 1. Operations of the OASI Trust Fund</a>
</p>
<a name="wp684191"> </a><p class="pTOC3">
<a href="IV_SRest.html#wp178551"> 2. Operations of the DI Trust Fund</a>
</p>
<a name="wp684193"> </a><p class="pTOC3">
<a href="IV_SRest.html#wp126084"> 3. Operations of the Combined OASI and DI Trust Funds</a>
</p>
<a name="wp684195"> </a><p class="pTOC3">
<a href="IV_SRest.html#wp169569"> 4. Factors Underlying Changes in 10-Year Trust Fund Ratio Estimates From the 2003 Report</a>
</p>
<a name="wp684197"> </a><p class="pTOC2">
<a href="IV_LRest.html#wp239829"> B. LONG-RANGE ESTIMATES</a>
</p>
<a name="wp684199"> </a><p class="pTOC3">
<a href="IV_LRest.html#wp154978"> 1. Annual Income Rates, Cost Rates, and Balances</a>
</p>
<a name="wp684201"> </a><p class="pTOC3">
<a href="IV_LRest.html#wp222190"> 2. Comparison of Workers to Beneficiaries</a>
</p>
<a name="wp684203"> </a><p class="pTOC3">
<a href="IV_LRest.html#wp179686"> 3. Trust Fund Ratios</a>
</p>
<a name="wp684205"> </a><p class="pTOC3">
<a href="IV_LRest.html#wp266203"> 4. Summarized Income Rates, Cost Rates, and Balances</a>
</p>
<a name="wp684207"> </a><p class="pTOC3">
<a href="IV_LRest.html#wp254423"> 5. Additional Measures of OASDI Unfunded Obligations</a>
</p>
<a name="wp684213"> </a><p class="pTOC3">
<a href="IV_LRest.html#wp244978"> 6. Test of Long-Range Close Actuarial Balance</a>
</p>
<a name="wp684215"> </a><p class="pTOC3">
<a href="IV_LRest.html#wp148835"> 7. Income and Cost Rates by Component</a>
</p>
<a name="wp684217"> </a><p class="pTOC3">
<a href="IV_LRest.html#wp154458"> 8. Reasons for Change in Actuarial Balance From Last Report</a>
</p>
<a name="wp684219"> </a><p class="pTOC1">
<a href="V_demographic.html#wp79479"> V. ASSUMPTIONS AND METHODS UNDERLYING ACTUARIAL ESTIMATES</a>
</p>
<a name="wp684221"> </a><p class="pTOC2">
<a href="V_demographic.html#wp79489"> A. DEMOGRAPHIC ASSUMPTIONS AND METHODS</a>
</p>
<a name="wp684223"> </a><p class="pTOC3">
<a href="V_demographic.html#wp79491"> 1. Fertility Assumptions</a>
</p>
<a name="wp684225"> </a><p class="pTOC3">
<a href="V_demographic.html#wp155199"> 2. Mortality Assumptions</a>
</p>
<a name="wp684227"> </a><p class="pTOC3">
<a href="V_demographic.html#wp79519"> 3. Immigration Assumptions</a>
</p>
<a name="wp684229"> </a><p class="pTOC3">
<a href="V_demographic.html#wp81231"> 4. Total Population Estimates</a>
</p>
<a name="wp684231"> </a><p class="pTOC3">
<a href="V_demographic.html#wp90100"> 5. Life Expectancy Estimates</a>
</p>
<a name="wp684233"> </a><p class="pTOC2">
<a href="V_economic.html#wp170227"> B. ECONOMIC ASSUMPTIONS AND METHODS</a>
</p>
<a name="wp684235"> </a><p class="pTOC3">
<a href="V_economic.html#wp131307"> 1. Productivity Assumptions</a>
</p>
<a name="wp684237"> </a><p class="pTOC3">
<a href="V_economic.html#wp131314"> 2. Price Inflation Assumptions</a>
</p>
<a name="wp684239"> </a><p class="pTOC3">
<a href="V_economic.html#wp131323"> 3. Average Earnings Assumptions</a>
</p>
<a name="wp684241"> </a><p class="pTOC3">
<a href="V_economic.html#wp133682"> 4. Assumed Real-Wage Differentials</a>
</p>
<a name="wp684243"> </a><p class="pTOC3">
<a href="V_economic.html#wp160921"> 5. Labor Force and Unemployment Projections</a>
</p>
<a name="wp684245"> </a><p class="pTOC3">
<a href="V_economic.html#wp168800"> 6. Gross Domestic Product Projections</a>
</p>
<a name="wp684247"> </a><p class="pTOC3">
<a href="V_economic.html#wp168822"> 7. Interest Rate Projections</a>
</p>
<a name="wp684249"> </a><p class="pTOC2">
<a href="V_programatic.html#wp147902"> C. PROGRAM-SPECIFIC ASSUMPTIONS AND METHODS</a>
</p>
<a name="wp684251"> </a><p class="pTOC3">
<a href="V_programatic.html#wp96145"> 1. Automatically Adjusted Program Amounts</a>
</p>
<a name="wp684253"> </a><p class="pTOC3">
<a href="V_programatic.html#wp121228"> 2. Covered Employment</a>
</p>
<a name="wp684255"> </a><p class="pTOC3">
<a href="V_programatic.html#wp121260"> 3. Taxable Payroll and Payroll Tax Revenue</a>
</p>
<a name="wp684257"> </a><p class="pTOC3">
<a href="V_programatic.html#wp87218"> 4. Insured Population</a>
</p>
<a name="wp684259"> </a><p class="pTOC3">
<a href="V_programatic.html#wp87223"> 5. Old-Age and Survivors Insurance Beneficiaries</a>
</p>
<a name="wp684261"> </a><p class="pTOC3">
<a href="V_programatic.html#wp89099"> 6. Disability Insurance Beneficiaries</a>
</p>
<a name="wp684263"> </a><p class="pTOC3">
<a href="V_programatic.html#wp90083"> 7. Average Benefits</a>
</p>
<a name="wp684265"> </a><p class="pTOC3">
<a href="V_programatic.html#wp90086"> 8. Benefit Payments</a>
</p>
<a name="wp684267"> </a><p class="pTOC3">
<a href="V_programatic.html#wp90089"> 9. Administrative Expenses</a>
</p>
<a name="wp684269"> </a><p class="pTOC3">
<a href="V_programatic.html#wp90091"> 10. Railroad Retirement Financial Interchange</a>
</p>
<a name="wp684271"> </a><p class="pTOC3">
<a href="V_programatic.html#wp90094"> 11. Benefits to Uninsured Persons</a>
</p>
<a name="wp684273"> </a><p class="pTOC3">
<a href="V_programatic.html#wp146824"> 12. Military-Service Transfers</a>
</p>
<a name="wp684275"> </a><p class="pTOC3">
<a href="V_programatic.html#wp129121"> 13. Income From Taxation of Benefits</a>
</p>
<a name="wp684277"> </a><p class="pTOC1">
<a href="VI_cyoper_history.html#wp77658"> VI. APPENDICES</a>
</p>
<a name="wp684279"> </a><p class="pTOC2">
<a href="VI_cyoper_history.html#wp90303"> A. HISTORY OF OASI AND DI TRUST FUND OPERATIONS</a>
</p>
<a name="wp684336"> </a><p class="pTOC2">
<a href="VI_LRact_bal.html#wp102806"> B. HISTORY OF ACTUARIAL BALANCE ESTIMATES</a>
</p>
<a name="wp684338"> </a><p class="pTOC2">
<a href="VI_SRfyproj.html#wp185082"> C. FISCAL YEAR HISTORICAL DATA AND PROJECTIONS THROUGH 2013</a>
</p>
<a name="wp684285"> </a><p class="pTOC2">
<a href="VI_LRsensitivity.html#wp100512"> D. LONG-RANGE SENSITIVITY ANALYSIS</a>
</p>
<a name="wp684287"> </a><p class="pTOC3">
<a href="VI_LRsensitivity.html#wp100885"> 1. Total Fertility Rate</a>
</p>
<a name="wp684289"> </a><p class="pTOC3">
<a href="VI_LRsensitivity.html#wp92688"> 2. Death Rates</a>
</p>
<a name="wp684291"> </a><p class="pTOC3">
<a href="VI_LRsensitivity.html#wp92900"> 3. Net Immigration</a>
</p>
<a name="wp684293"> </a><p class="pTOC3">
<a href="VI_LRsensitivity.html#wp93098"> 4. Real-Wage Differential</a>
</p>
<a name="wp684295"> </a><p class="pTOC3">
<a href="VI_LRsensitivity.html#wp93311"> 5. Consumer Price Index</a>
</p>
<a name="wp684297"> </a><p class="pTOC3">
<a href="VI_LRsensitivity.html#wp93516"> 6. Real Interest Rate</a>
</p>
<a name="wp684299"> </a><p class="pTOC3">
<a href="VI_LRsensitivity.html#wp103017"> 7. Disability Incidence Rates</a>
</p>
<a name="wp684301"> </a><p class="pTOC3">
<a href="VI_LRsensitivity.html#wp93910"> 8. Disability Termination Rates</a>
</p>
<a name="wp684303"> </a><p class="pTOC2">
<a href="VI_stochastic.html#wp103970"> E. STOCHASTIC PROJECTIONS</a>
</p>
<a name="wp684305"> </a><p class="pTOC3">
<a href="VI_stochastic.html#wp100956"> 1. Background</a>
</p>
<a name="wp684307"> </a><p class="pTOC3">
<a href="VI_stochastic.html#wp100960"> 2. Methodology</a>
</p>
<a name="wp684309"> </a><p class="pTOC3">
<a href="VI_stochastic.html#wp100970"> 3. Results</a>
</p>
<a name="wp684311"> </a><p class="pTOC2">
<a href="VI_OASDHI_payroll.html#wp105439"> F. ESTIMATES FOR OASDI AND HI, SEPARATE AND COMBINED</a>
</p>
<a name="wp684313"> </a><p class="pTOC3">
<a href="VI_OASDHI_payroll.html#wp101353"> 1. Estimates as a Percentage of Taxable Payroll</a>
</p>
<a name="wp684315"> </a><p class="pTOC3">
<a href="VI_OASDHI_GDP.html#wp113389"> 2. Estimates as a Percentage of Gross Domestic Product</a>
</p>
<p class="pTOC3">
<a href="VI_OASDHI_dollars.html#wp116339"> 3. Estimates in Dollars</a>
</p>
<p class="pTOC2">
<a href="VI_OASIforDI.html#wp97986"> G. ANALYSIS OF BENEFIT DISBURSEMENTS FROM THE OASI TRUST FUND WITH RESPECT TO DISABLED BENEFICIARIES</a>
</p>
<p class="pTOC2">
<a href="VI_glossary.html#wp1042403"> H. GLOSSARY</a>
</p>
<p class="pTOC1">
<a href="trActOpn.html#wp162632">STATEMENT OF ACTUARIAL OPINION</a>
</p>
<hr />
<div>
<table summary="Document navigation links" border="0" cellpadding="0" cellspacing="0">
<tr>
<td><a accesskey="c" href="trTOC.html"><img id="LongDescNotReq7" src="images/toc.gif" border="0" alt="Contents" /></a></td>
<td><a accesskey="n" href="I_intro.html"><img id="LongDescNotReq9" src="images/next.gif" border="0" alt="Next" /></a></td>
<td><a accesskey="t" href="trLOT.html"><img id="LongDescNotReq11" src="images/tables.gif" border="0" alt="List of Tables" /></a></td>
<td><a accesskey="f" href="trLOF.html"><img id="LongDescNotReq12" src="images/figures.gif" border="0" alt="List of Figures" /></a></td>
<td><a accesskey="i" href="trIX.html"><img id="LongDescNotReq10" src="images/index.gif" border="0" alt="Index" /></a></td>
</tr>
</table>
</div>
<table width="100%" border="0" align="center" cellpadding="1" cellspacing="0">
<tr bgcolor="#333366"><td width="25%" height="1" colspan="3"></td></tr>
<tr>
<td>&nbsp;<a href="http://www.usa.gov"><img src="/templateimages/firstgov3.gif"
width="72" height="15" alt="Link to FirstGov.gov: U.S. Government portal" border="0"></a></td>
<td valign="top" class="seventypercent"><a href="http://www.ssa.gov/privacy.html">Privacy Policy</a>
| <a href="http://www.ssa.gov/websitepolicies.htm">Website Policies &amp; Other Important Information</a>&nbsp;
| <a href="http://www.ssa.gov/sitemap.htm">Site Map</a>&nbsp;
| <a href="../../pubs.html">Actuarial Publications</a>
</td>
<td align="center" valign="middle">3/23/2004</td>
</tr>
</table>
</body>
</html>
Reference in a new issue View git blame Copy permalink