II. ACTUARIAL ANALYSIS

Table II.G1. - Estimated OASDI Income Rates, Cost Rates, and Actuarial Balances, Based on Intermediate Estimates With Various Fertility Assumptions
[As a percentage of taxable payroll]

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                                          Ultimate total fertility rate1/
                                  ---------------------------------------------
      Valuation period                        1.6            1.9            2.2 
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Summarized income rate:
  25-year: 1996-2020..............          13.54          13.54          13.54
  50-year: 1996-2045..............          13.36          13.35          13.34
  75-year: 1996-2070..............          13.36          13.33          13.30
Summarized cost rate:
  25-year: 1996-2020..............          13.14          13.18          13.21
  50-year: 1996-2045..............          14.86          14.74          14.63
  75-year: 1996-2070..............          16.02          15.52          15.05
Balance: 
  25-year: 1996-2020..............           +.40           +.36           +.33
  50-year: 1996-2045..............          -1.50          -1.39          -1.29
  75-year: 1996-2070..............          -2.66          -2.19          -1.76 
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1/ The total fertility rate for any year is the average number of children who
would be born to a woman in her lifetime if she were to experience the birth
rates by age observed in, or assumed for, the selected year, and if she were to
survive the entire child-bearing period. The ultimate total fertility rate is
assumed to be reached in 2020.

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Last Modified: 09:30am, June 26, 1996