Tbl_IV12.html—Act. Study No.119

IV.12.—Net Administrative Expenses from the OASI and DI Trust Funds

(Calendar years 1980-2004, and calendar quarters 2005-14)

[Amounts in millions]
Calendar period	OASI Trust Fund			DI Trust Fund			Total administrative expenses
	Benefit payments	Administrative expenses		Benefit payments	Administrative expenses
	Benefit payments	Ratio to benefit payments	Amount	Benefit payments	Ratio to benefit payments	Amount
1980	$105,074.4	0.0110	$1,154.0	$15,437.5	0.0238	$368.0	$1,522.0
1981	123,795.4	.0106	1,307.0	17,199.4	.0253	436.0	1,743.0
1982	138,799.8	.0109	1,519.0	17,337.5	.0340	590.0	2,109.0
1983	149,502.4	.0102	1,528.0	17,530.2	.0357	625.0	2,153.0
1984	157,862.0	.0104	1,638.0	17,900.1	.0350	626.0	2,264.0
1985	167,359.6	.0095	1,592.0	18,835.9	.0323	608.0	2,200.0
1986	176,844.4	.0091	1,601.4	19,846.8	.0303	600.5	2,201.9
1987	183,644.1	.0083	1,524.1	20,511.5	.0414	848.8	2,372.9
1988	195,521.7	.0091	1,776.2	21,692.2	.0340	737.0	2,513.2
1989	207,977.0	.0080	1,673.7	22,873.4	.0330	754.3	2,428.0
1990	222,992.9	.0070	1,562.6	24,803.3	.0285	706.7	2,269.3
1991	240,436.2	.0075	1,792.2	27,661.7	.0287	794.4	2,586.6
1992	254,939.4	.0072	1,829.8	31,091.2	.0268	834.3	2,664.1
1993	267,804.5	.0075	1,996.5	34,597.7	.0279	966.1	2,962.6
1994	279,117.7	.0059	1,645.3	37,716.8	.0273	1,028.7	2,674.0
1995	291,682.3	.0071	2,076.8	40,898.2	.0260	1,063.7	3,140.5
1996	302,914.4	.0059	1,801.9	44,173.9	.0263	1,160.4	2,962.3
1997	316,311.1	.0067	2,128.4	45,659.3	.0280	1,280.2	3,408.6
1998	326,817.3	.0058	1,899.5	48,173.4	.0325	1,567.5	3,467.0
1999	334,437.2	.0054	1,808.9	51,331.0	.0296	1,518.9	3,327.8
2000	352,706.5	.0061	2,149.0	54,938.3	.0298	1,639.1	3,788.1
2001	372,369.7	.0053	1,961.2	59,579.3	.0292	1,741.1	3,702.3
2002	388,170.0	.0055	2,136.6	65,645.5	.0312	2,048.6	4,185.2
2003	399,892.0	.0064	2,553.3	70,905.7	.0283	2,008.2	4,561.5
2004	415,082.0	.0057	2,384.3	78,202.3	.0275	2,152.1	4,536.4
2005-I	107,612.5	.0084	905.7	20,654.9	.0261	539.6	1,445.3
2005-II	108,197.2	.0052	563.2	20,846.6	.0281	585.7	1,148.9
2005-III	108,496.4	.0071	772.2	21,036.1	.0299	630.0	1,402.2
2005-IV	109,412.2	.0069	756.2	21,272.8	.0244	519.4	1,275.6
2006-I	111,501.5	.0083	927.0	21,902.2	.0263	575.6	1,502.7
2006-II	112,210.4	.0051	576.4	22,115.6	.0283	624.8	1,201.3
2006-III	112,634.2	.0070	790.3	22,302.9	.0301	672.2	1,462.5
2006-IV	113,740.7	.0065	742.6	22,538.2	.0224	505.5	1,248.1
2007-I	116,275.4	.0078	910.3	23,348.7	.0240	560.2	1,470.5
2007-II	117,117.3	.0048	566.0	23,557.5	.0258	608.1	1,174.1
2007-III	117,642.7	.0066	776.1	23,739.6	.0276	654.2	1,430.2
2007-IV	118,934.4	.0061	728.2	23,971.6	.0224	537.9	1,266.1
2008-I	122,267.4	.0073	892.6	24,946.2	.0239	596.2	1,488.8
2008-II	123,253.2	.0045	555.0	25,162.9	.0257	647.1	1,202.2
2008-III	123,899.3	.0061	761.0	25,351.0	.0275	696.1	1,457.1
2008-IV	125,418.5	.0058	724.2	25,592.3	.0223	570.4	1,294.7
2009-I	129,221.5	.0069	887.8	27,059.8	.0234	632.2	1,520.0
2009-II	130,450.9	.0042	552.0	27,266.1	.0252	686.2	1,238.3
2009-III	131,313.5	.0058	756.9	27,440.9	.0269	738.2	1,495.1
2009-IV	133,173.4	.0055	727.3	27,668.4	.0218	603.8	1,331.1
2010-I	137,296.7	.0065	891.5	28,390.3	.0236	669.2	1,560.8
2010-II	138,655.0	.0040	554.3	28,597.9	.0254	726.4	1,280.8
2010-III	139,666.2	.0054	760.0	28,772.4	.0272	781.5	1,541.5
2010-IV	141,816.8	.0052	735.1	29,026.6	.0220	638.7	1,373.8
2011-I	146,427.5	.0062	901.1	29,809.0	.0237	707.9	1,609.0
2011-II	147,949.3	.0038	560.3	30,025.5	.0256	768.4	1,328.7
2011-III	149,067.4	.0052	768.2	30,206.9	.0274	826.6	1,594.8
2011-IV	151,463.2	.0049	746.8	30,469.6	.0222	676.0	1,422.8
2012-I	156,426.7	.0059	915.5	31,791.4	.0236	749.2	1,664.7
2012-II	158,169.6	.0036	569.2	31,988.6	.0254	813.2	1,382.4
2012-III	159,487.8	.0049	780.5	32,149.6	.0272	874.8	1,655.2
2012-IV	162,225.1	.0047	759.6	32,394.4	.0220	714.2	1,473.8
2013-I	167,626.5	.0056	931.1	33,577.4	.0236	791.5	1,722.7
2013-II	169,522.2	.0034	579.0	33,761.3	.0254	859.1	1,438.1
2013-III	170,980.3	.0046	793.8	33,907.9	.0273	924.2	1,718.0
2013-IV	174,025.6	.0044	772.9	34,144.1	.0221	753.5	1,526.4
2014-I	179,813.8	.0053	947.5	35,435.1	.0236	835.1	1,782.5
2014-II	181,811.1	.0032	589.1	35,637.9	.0254	906.4	1,495.6
2014-III	183,364.3	.0044	807.7	35,800.3	.0272	975.1	1,782.8
2014-IV	186,676.3	.0042	786.7	36,056.8	.0220	794.3	1,581.0

Note: Future estimates based on 2005 Trustees Report intermediate set of assumptions.

Short-Range Actuarial Projections of the Old-Age, Survivors, and Disability Insurance Program, 2005
ACTUARIAL STUDY NO. 119 by Chris Motsiopoulos and Richard B. Tucker

Short-Range Actuarial Projectionsof the Old-Age, Survivors, and Disability Insurance Program, 2005

Short-Range Actuarial Projections
of the Old-Age, Survivors, and
Disability Insurance Program, 2005