2002 OASDI Trustees Report

2002 OASDI Trustees Report

F. ANALYSIS OF BENEFIT DISBURSEMENTS FROM THE OASI TRUST FUND
WITH RESPECT TO DISABLED BENEFICIARIES

(Required by section 201(c) of the Social Security Act)

Effective January 1957, monthly benefits have been payable from the OASI Trust Fund to disabled children aged 18 and over of retired and deceased workers in those cases for which the disability began before age 18. The age before which disability is required to have begun was subsequently changed to age 22. Effective February 1968, reduced monthly benefits have been payable from this trust fund to disabled widows and widowers at ages 50 and over. Effective January 1991, the requirements for the disability of the widow or widower were made less restrictive.

On December 31, 2001, about 817,000 persons were receiving monthly benefits from the OASI Trust Fund because of their disabilities or the disabilities of children. This total includes 34,000 mothers and fathers (wives or husbands under age 65 of retired-worker beneficiaries and widows or widowers of deceased insured workers) who met all other qualifying requirements and were receiving unreduced benefits solely because they had disabled-child beneficiaries (or disabled children aged 16 or 17) in their care. Benefits paid from this trust fund to the persons described above totaled $5,500 million in calendar year 2001. Table VI.F1 shows these and similar figures for selected calendar years during 1960-2001, and estimated experience for 2002-11 based on the intermediate set of assumptions.

Table VI.F1.—Benefit Disbursements From the OASI Trust Fund
With Respect to Disabled Beneficiaries
[Beneficiaries in thousands; benefit payments in millions]
Calendar year		Disabled beneficiaries, end of year			Amount of benefit payments ¹
Calendar year		Total	Children ²	Widows- widowers ³	Total	Children ²	Widows- widowers ⁴
Historical data:
	1960	117	117	—	$59	$59	—
	1965	214	214	—	134	134	—
	1970	316	281	36	301	260	$41
	1975	435	376	58	664	560	104
	1980	519	460	59	1,223	1,097	126
	1985	594	547	47	2,072	1,885	187

	1986	614	565	49	2,219	2,022	197
	1987	629	580	49	2,331	2,128	203
	1988	640	591	49	2,518	2,307	211
	1989	651	602	49	2,680	2,459	221
	1990	662	613	49	2,882	2,649	233

	1991	687	627	61	3,179	2,875	304
	1992	715	643	72	3,459	3,079	380
	1993	740	659	81	3,752	3,296	456
	1994	758	671	86	3,973	3,481	492
	1995	772	681	91	4,202	3,672	531

	1996	782	687	94	4,410	3,846	565
	1997	789	693	96	4,646	4,050	596
	1998	797	698	99	4,838	4,210	627
	1999	805	702	102	4,991	4,336	655
	2000	811	707	104	5,194	4,514	680
	2001	817	712	105	5,500	4,782	718
Estimates:
	2002	829	720	109	5,737	4,977	760
	2003	840	728	112	5,941	5,142	799
	2004	852	736	117	6,240	5,381	860
	2005	864	743	121	6,567	5,636	931
	2006	874	749	125	6,918	5,915	1,003

	2007	882	755	127	7,273	6,205	1,067
	2008	890	761	129	7,644	6,509	1,136
	2009	897	767	130	8,025	6,825	1,200
	2010	902	772	130	8,399	7,142	1,257
	2011	907	777	130	8,792	7,479	1,313

¹ Beginning in 1966, includes payments for vocational rehabilitation services.

² Also includes certain mothers and fathers (see text).

³ In 1984 and later years, only disabled widows and widowers aged 50-59 are included because disabled widows and widowers aged 60-64 would be eligible for the same benefit as a nondisabled aged widow or widower; therefore, they are not receiving benefits solely because of a disability.

⁴ In 1983 and prior years, reflects the offsetting effect of lower benefits payable to disabled widows and widowers who continued to receive benefits after attaining age 60 (62, for disabled widowers, prior to 1973) as compared to the higher nondisabled widow's and widower's benefits that would otherwise be payable. In 1984 and later years, only benefit payments to disabled widows and widowers aged 50-59 are included (see footnote 3).

Note: Totals do not necessarily equal the sums of rounded components.

Total benefit payments from the OASI Trust Fund with respect to disabled beneficiaries are estimated to increase from $5,737 million in calendar year 2002 to $8,792 million in calendar year 2011, based on the intermediate assumptions.

In calendar year 2001, benefit payments (including expenditures for vocational rehabilitation services) with respect to disabled persons from the OASI Trust Fund and from the DI Trust Fund (including payments from the latter fund to all children and spouses of disabled-worker beneficiaries) totaled $65,137 million. Of this amount, $5,500 million or 8.4 percent represented payments from the OASI Trust Fund. These and similar figures for selected calendar years during 1960-2001 and estimates for calendar years 2002-11 are presented in table VI.F2.

Table VI.F2.—Benefit Disbursements Under the OASDI Program
With Respect to Disabled Beneficiaries
[Amounts in millions]
Calendar year		Total ¹	DI Trust Fund ²	OASI Trust Fund
Calendar year		Total ¹	DI Trust Fund ²	Amount ³	Percentage of total
Historical data:
	1960	$627	$568	$59	9.4
	1965	1,707	1,573	134	7.9
	1970	3,386	3,085	301	8.9
	1975	9,169	8,505	664	7.2
	1980	16,738	15,515	1,223	7.3
	1985	20,908	18,836	2,072	9.9

	1986	22,075	19,856	2,219	10.1
	1987	22,858	20,527	2,331	10.2
	1988	24,226	21,708	2,518	10.4
	1989	25,591	22,911	2,680	10.5
	1990	27,717	24,835	2,882	10.4

	1991	30,877	27,698	3,179	10.3
	1992	34,583	31,124	3,459	10.0
	1993	38,378	34,626	3,752	9.8
	1994	41,730	37,757	3,973	9.5
	1995	45,140	40,937	4,202	9.3

	1996	48,615	44,205	4,410	9.1
	1997	50,358	45,712	4,646	9.2
	1998	53,062	48,224	4,838	9.1
	1999	56,390	51,399	4,991	8.9
	2000	60,195	55,001	5,194	8.6
	2001	65,137	59,637	5,500	8.4
Estimates:
	2002	75,152	69,415	5,737	7.6
	2003	75,632	69,691	5,941	7.9
	2004	80,830	74,589	6,240	7.7
	2005	87,311	80,744	6,567	7.5
	2006	94,525	87,607	6,918	7.3

	2007	102,189	94,916	7,273	7.1
	2008	110,271	102,626	7,644	6.9
	2009	118,447	110,422	8,025	6.8
	2010	126,871	118,472	8,399	6.6
	2011	135,748	126,956	8,792	6.5

¹ Beginning in 1966, includes payments for vocational rehabilitation services.

² Benefit payments to disabled workers and their children and spouses.

³ Benefit payments to disabled children aged 18 and over, to certain mothers and fathers (see text), and to disabled widows and widowers (see footnote 4, table VI.F1).

Note: Totals do not necessarily equal the sums of rounded components.


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F. ANALYSIS OF BENEFIT DISBURSEMENTS FROM THE OASI TRUST FUNDWITH RESPECT TO DISABLED BENEFICIARIES

F. ANALYSIS OF BENEFIT DISBURSEMENTS FROM THE OASI TRUST FUND
WITH RESPECT TO DISABLED BENEFICIARIES