Short-Range Actuarial Projections |
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ACTUARIAL STUDY NO. 119
by Chris Motsiopoulos and Richard B. Tucker | |||||
|
Calendar
period |
Income
|
Disbursements
|
Interfund
borrowing transfers |
Net
increase in fund |
Fund
at end of period |
||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Net
contri- butions |
Income
from taxation of benefits |
Military service 1
|
Net
interest 3 |
Total
|
Benefit
payments 4 |
Administrative
expenses |
Transfers
to Railroad Retirement program |
Total
|
|||||
|
2005-I
|
$126,002.3
|
$3,642.7
|
...
|
...
|
$94.3
|
$129,739.0
|
$107,640.6
|
$905.7
|
...
|
$108,546.3
|
...
|
$21,192.7
|
$1,521,814.9
|
|
2005-II
|
139,227.0
|
3,431.7
|
...
|
...
|
41,356.6
|
184,015.3
|
108,237.3
|
563.2
|
$3,534.5
|
112,335.0
|
...
|
71,680.3
|
1,593,495.2
|
|
2005-III
|
116,152.3
|
3,440.9
|
...
|
...
|
101.7
|
119,695.5
|
108,527.0
|
772.2
|
...
|
109,299.2
|
...
|
10,396.3
|
1,603,891.5
|
|
2005-IV
|
108,502.3
|
3,470.6
|
...
|
$0.1
|
40,637.3
|
152,608.9
|
109,462.3
|
756.2
|
...
|
110,218.5
|
...
|
42,390.4
|
1,646,281.9
|
|
2006-I
|
131,003.1
|
3,778.3
|
...
|
...
|
354.2
|
135,135.5
|
112,229.7
|
927.0
|
...
|
113,156.8
|
...
|
21,978.8
|
1,668,260.7
|
|
2006-II
|
141,740.7
|
3,803.3
|
...
|
...
|
42,552.6
|
188,097.0
|
112,973.9
|
576.4
|
3,487.6
|
117,038.0
|
...
|
71,059.0
|
1,739,319.7
|
|
2006-III
|
122,732.2
|
3,817.6
|
...
|
...
|
243.4
|
126,794.1
|
113,396.7
|
790.3
|
...
|
114,187.1
|
...
|
12,607.0
|
1,751,926.7
|
|
2006-IV
|
115,413.1
|
3,856.2
|
...
|
...
|
45,461.2
|
164,730.3
|
114,543.0
|
742.6
|
...
|
115,285.5
|
...
|
49,444.8
|
1,801,371.5
|
|
2007-I
|
140,447.5
|
4,158.8
|
...
|
...
|
407.5
|
145,014.3
|
117,598.4
|
910.3
|
...
|
118,508.7
|
...
|
26,505.6
|
1,827,877.0
|
|
2007-II
|
151,092.2
|
4,190.1
|
...
|
...
|
47,622.0
|
202,904.1
|
118,485.9
|
566.0
|
3,707.6
|
122,759.6
|
...
|
80,144.5
|
1,908,021.5
|
|
2007-III
|
129,136.5
|
4,208.4
|
...
|
...
|
388.3
|
133,732.6
|
119,002.8
|
776.1
|
...
|
119,778.8
|
...
|
13,953.8
|
1,921,975.3
|
|
2007-IV
|
121,039.4
|
4,255.7
|
...
|
...
|
50,097.8
|
175,392.5
|
120,338.5
|
725.0
|
...
|
121,063.4
|
...
|
54,329.1
|
1,976,304.4
|
|
2008-I
|
147,888.7
|
4,897.1
|
...
|
...
|
467.9
|
153,252.9
|
124,013.4
|
888.7
|
...
|
124,902.2
|
...
|
28,350.7
|
2,004,655.1
|
|
2008-II
|
158,006.5
|
4,938.1
|
...
|
...
|
53,014.5
|
215,959.7
|
125,055.3
|
552.6
|
3,733.9
|
129,341.8
|
...
|
86,617.9
|
2,091,273.0
|
|
2008-III
|
133,438.9
|
4,962.9
|
...
|
...
|
308.3
|
138,710.1
|
125,679.6
|
757.6
|
...
|
126,437.2
|
...
|
12,272.9
|
2,103,545.9
|
|
2008-IV
|
125,679.1
|
5,024.6
|
...
|
...
|
55,893.2
|
186,596.8
|
127,244.0
|
737.6
|
...
|
127,981.6
|
...
|
58,615.2
|
2,162,161.1
|
|
2009-I
|
152,377.9
|
5,021.9
|
...
|
...
|
475.5
|
157,875.3
|
133,420.9
|
904.2
|
...
|
134,325.0
|
...
|
23,550.3
|
2,185,711.3
|
|
2009-II
|
165,530.2
|
5,070.9
|
...
|
...
|
58,832.8
|
229,433.5
|
134,720.8
|
562.2
|
3,786.2
|
139,069.3
|
...
|
90,364.2
|
2,276,075.6
|
|
2009-III
|
142,105.0
|
5,102.7
|
...
|
...
|
459.8
|
147,667.4
|
135,564.1
|
770.8
|
...
|
136,335.0
|
...
|
11,332.4
|
2,287,408.0
|
|
2009-IV
|
138,539.4
|
5,175.0
|
...
|
...
|
65,729.6
|
209,443.7
|
137,488.8
|
763.3
|
...
|
138,252.1
|
...
|
71,191.5
|
2,358,599.5
|
|
2010-I
|
163,842.8
|
5,721.0
|
...
|
...
|
743.3
|
170,308.4
|
145,858.7
|
935.7
|
...
|
146,794.4
|
...
|
23,514.0
|
2,382,113.5
|
|
2010-II
|
180,210.5
|
5,776.9
|
...
|
...
|
71,393.4
|
257,380.2
|
147,282.9
|
581.8
|
3,907.2
|
151,771.8
|
...
|
105,608.4
|
2,487,721.9
|
|
2010-III
|
154,737.4
|
5,815.6
|
...
|
...
|
493.7
|
161,046.3
|
148,269.7
|
797.7
|
...
|
149,067.4
|
...
|
11,978.9
|
2,499,700.7
|
|
2010-IV
|
145,965.1
|
5,903.3
|
...
|
...
|
77,108.9
|
228,977.1
|
150,504.8
|
782.5
|
...
|
151,287.3
|
...
|
77,689.8
|
2,577,390.6
|
|
2011-I
|
176,281.7
|
6,928.6
|
...
|
...
|
218.5
|
183,429.1
|
159,466.8
|
959.2
|
...
|
160,426.0
|
...
|
23,003.1
|
2,600,393.7
|
|
2011-II
|
192,696.3
|
6,999.2
|
...
|
...
|
82,235.8
|
281,930.9
|
161,091.6
|
596.4
|
3,990.1
|
165,678.1
|
...
|
116,252.9
|
2,716,646.6
|
|
2011-III
|
165,058.8
|
7,047.3
|
...
|
...
|
531.3
|
172,637.6
|
162,199.2
|
817.7
|
...
|
163,016.9
|
...
|
9,620.7
|
2,726,267.3
|
|
2011-IV
|
152,219.3
|
7,157.0
|
...
|
...
|
85,289.5
|
244,666.5
|
164,723.2
|
798.9
|
...
|
165,522.2
|
...
|
79,144.3
|
2,805,411.6
|
|
2012-I
|
188,004.3
|
7,845.2
|
...
|
...
|
194.9
|
196,045.2
|
173,090.6
|
979.4
|
...
|
174,069.9
|
...
|
21,975.2
|
2,827,386.8
|
|
2012-II
|
202,502.4
|
7,930.7
|
...
|
...
|
89,464.7
|
299,897.5
|
174,979.3
|
609.0
|
4,424.3
|
180,012.6
|
...
|
119,884.9
|
2,947,271.7
|
|
2012-III
|
172,002.5
|
7,991.2
|
...
|
...
|
562.7
|
180,555.8
|
176,314.5
|
834.9
|
...
|
177,149.5
|
...
|
3,406.3
|
2,950,678.0
|
|
2012-IV
|
160,904.7
|
8,123.8
|
...
|
...
|
91,823.0
|
260,851.9
|
179,240.1
|
816.0
|
...
|
180,056.1
|
...
|
80,795.8
|
3,031,473.8
|
|
2013-I
|
196,516.8
|
8,761.0
|
...
|
...
|
624.4
|
205,902.4
|
186,987.5
|
1,000.3
|
...
|
187,987.7
|
...
|
17,914.7
|
3,049,388.5
|
|
2013-II
|
212,928.0
|
8,856.9
|
...
|
...
|
95,155.5
|
316,940.5
|
189,034.7
|
622.0
|
4,692.3
|
194,348.9
|
...
|
122,591.5
|
3,171,980.0
|
|
2013-III
|
180,284.2
|
8,925.9
|
...
|
...
|
603.6
|
189,812.5
|
190,507.6
|
852.7
|
...
|
191,360.4
|
...
|
-1,547.9
|
3,170,432.1
|
|
2013-IV
|
169,282.3
|
9,079.1
|
...
|
...
|
98,384.3
|
276,745.5
|
193,778.2
|
834.1
|
...
|
194,612.3
|
...
|
82,133.2
|
3,252,565.3
|
|
2014-I
|
206,146.9
|
9,519.4
|
...
|
...
|
660.9
|
216,327.2
|
202,130.9
|
1,022.5
|
...
|
203,153.4
|
...
|
13,173.8
|
3,265,739.1
|
|
2014-II
|
222,251.5
|
9,621.6
|
...
|
...
|
101,606.6
|
333,479.2
|
204,301.9
|
635.8
|
4,954.0
|
209,891.7
|
...
|
123,587.5
|
3,389,326.6
|
|
2014-III
|
188,520.9
|
9,696.0
|
...
|
...
|
638.0
|
198,855.0
|
205,882.7
|
871.7
|
...
|
206,754.4
|
...
|
-7,899.4
|
3,381,427.1
|
|
2014-IV
|
178,565.3
|
9,865.4
|
...
|
...
|
104,713.7
|
293,145.0
|
209,477.3
|
853.5
|
...
|
210,330.7
|
...
|
82,814.3
|
3,464,241.4
|
| 1Paid from the general fund of the Treasury. Includes payments for costs of noncontributory wage credits for military service performed after 1956. 2Paid from the general fund of the Treasury. Includes costs of benefits to certain uninsured persons who attained age 72 before 1968. 3Net interest includes net profits or losses on marketable investments. Administrative expenses are charged currently to the trust fund on an estimated basis, with a final adjustment, including interest, made in the following fiscal year. The amounts of these interest adjustments are included in net interest. 4Includes payments for vocational rehabilitation services furnished to disabled persons receiving benefits because of their disabilities. Relatively small reductions are made for the amount of reimbursement for unnegotiated benefit checks. |
Source: All columns projected by methods described in text and in earlier tables describing projections for the intermediate set of assumptions.
Note: Estimates based on 2005 Trustees Report high cost set of assumptions.