2002 OASDI Trustees Report
 Contents Previous Next Index

 

C. FISCAL YEAR HISTORICAL DATA AND
PROJECTIONS THROUGH 2011

Tables VI.C1, VI.C2, and VI.C3 present detailed operations of the OASI, DI, and the combined OASI and DI Trust Funds, respectively, for fiscal year 2001, the most recent fiscal year for which complete actual information is available. These tables are similar to the calendar year operations tables in section III.A. Please see that section for a description of the various items of income and outgo.

Table VI.C1.—Operations of the OASI Trust Fund, Fiscal Year 2001 
[In millions]
Total assets, September 30, 2000

$893,003
Receipts:
Contributions:


Employment taxes
$443,471

Payments from the General Fund of the Treasury for:


Contributions subject to refund
-2,660

Employee-employer contributions on deemed wage credits form military service
7

Net contributions

440,819
 
Income based on taxation of benefit payments:


Withheld from benefit payments to nonresident aliens
137

All other, not subject to withholding
11,634

Total income from taxation of benefits

11,771
 
Investment income and interest adjustments:


Interest on investments
61,239
Interest adjustments 1
4

Total investment income and interest adjustments

61,243
 
Gifts

2/
Total receipts

513,834
 
Disbursements:


Benefit payments:


Gross benefit payments
368,494

Offset for collected overpayments
-781

Reimbursement from the general fund for unnegotiated checks
-59

Net benefit payments

367,654
 
Transfer to the Railroad Retirement "Social Security Equivalent Benefit Account"

3,273
Administrative expenses:


Costs incurred by:


Social Security Administration
1,855

Department of the Treasury
226

Offsetting receipts from sales of supplies, materials, etc.
-3

Miscellaneous reimbursements from the general fund 3
-8

Net administrative expenses

2,069
Total disbursements

372,996
Net increase in assets

140,837
Total assets, September 30, 2001

1,033,840

1 Includes (1) interest on transfers between the trust fund and the general fund account for the Supplemental Security Income program due to adjustments in the allocation of administrative expenses, (2) interest arising from the revised allocation of administrative expenses among the trust funds and (3) interest on reimbursements to the trust fund for costs associated with union activities and pension reform.

2 Less than $500,000.

3 Reimbursements for costs incurred in performing certain legislatively mandated activities not directly related to administering the OASI program.

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

Table VI.C2.—Operations of the DI Trust Fund, Fiscal Year 2001 
[In millions]
Total assets, September 30, 2000

$113,752
Receipts:


Contributions:


Employment taxes
$75,056

Payments from the General Fund of the Treasury for:


Contributions subject to refund
-447

Employee-employer contributions on deemed wage credits for military service
2

Net contributions

74,611
 
Income based on taxation of benefit payments:


Withheld from benefit payments to nonresident aliens
6

All other, not subject to withholding
726

Total income from taxation of benefits

732
 
Transfer from General Fund of the Treasury to adjust previous determinations of costs attributable to noncontributory wage credits for military service before 1957

-836
Investment income and interest adjustments:


Interest on investments
7,572

Interest adjustments 1
2/

Total investment income and interest adjustments

7,573
Total receipts

82,079
 
Disbursements:


Benefit payments:


Gross benefit payments
58,456

Offset for collected overpayments
-340

Reimbursement from the general fund for unnegotiated checks
-18

Net benefit payments

58,098
 
Transfer to the Railroad Retirement "Social Security Equivalent Benefit Account"

10
Payment for costs of vocational rehabilitation services for disabled beneficiaries

61
Administrative expenses:


Costs incurred by:


Social Security Administration
1,723

Department of the Treasury
43

Miscellaneous reimbursements from the general fund 3
-4

Net administrative expenses

1,762
Total disbursements

59,930
Net increase in assets

22,149
Total assets, September 30, 2001

135,901

1 Includes (1) interest on transfers between the trust fund and the general fund account for the Supplemental Security Income program due to adjustments in the allocation of administrative expenses, (2) interest arising from the revised allocation of administrative expenses among the trust funds, (3) interest earned on the investments of the trust fund, and (4) interest on reimbursements to the trust fund for costs associated with union activities and pension reform.

2 Less than $500,000.

3 Reimbursements for costs incurred in performing certain legislatively mandated activities not directly related to administering the DI program.

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

Table VI.C3.—Operations of the Combined OASI and DI Trust Funds, Fiscal Year 2001 
[In millions]
Total assets, September 30, 2000

$1,006,754
Receipts:


Contributions:


Employment taxes
$518,527

Payments from the General Fund of the Treasury for:


Contributions subject to refund
-3,106

Employee-employer contributions on deemed wage credits for military service
9

Net contributions

515,430

Income based on taxation of benefit payments:


Withheld from benefit payments to nonresident aliens
143

All other, not subject to withholding
12,360

Total income from taxation of benefits

12,503

Transfer from General Fund of the Treasury to adjust previous determinations of costs attributable to noncontributory wage credits for military service before 1957

-836
Investment income and interest adjustments:


Interest on investments
68,812

Interest adjustments1
4

Total investment income and interest adjustments

68,816
Gifts

2/
Total receipts

595,913

Disbursements:


Benefit payments:


Gross benefit payments
426,951

Offset for collected overpayments
-1,121

Reimbursement from the general fund for unnegotiated checks
-78

Net benefit payments

425,752

Transfer to the Railroad Retirement "Social Security Equivalent Benefit Account"

3,283
Payment for costs of vocational rehabilitation services for disabled beneficiaries

61
Administrative expenses:


Costs incurred by:


Social Security Administration
3,578

Department of the Treasury
268

Offsetting receipts from sales of supplies, materials, etc.
-3

Miscellaneous reimbursements from the general fund3
-12

Net administrative expenses

3,831
Total disbursements

432,926
Net increase in assets

162,987
Total assets, September 30, 2001

1,169,741

1 Includes (1) interest on transfers between the trust fund and the general fund account for the Supplemental Security Income program due to adjustments in the allocation of administrative expenses, (2) interest arising from the revised allocation of administrative expenses among the trust funds, (3) interest earned on the investments of the trust fund, and (4) interest on reimbursements to the trust fund for costs associated with union activities and pension reform.

2 Less than $500,000.

3 Reimbursements for costs incurred in performing certain legislatively mandated activities not directly related to administering the OASI and DI programs.

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


Estimates of the operations and status of the OASI, DI and the combined OASI and DI Trust Funds during fiscal years (12 months ending on September 30) 1997-2011 are presented in tables VI.C4, VI.C5 and VI.C6, respectively.

Table VI.C4.—Operations of the OASI Trust Fund in Fiscal Years 1997-2011 
[Amounts in billions]
Fiscal year
Income

Expenditures

Assets
Total1
Net
contri-
butions
Taxa-
tion of
benefits
Net
inter-
est
Total
Benefit
pay-
ments
Admin-
istra-
tive costs
RRB
inter-
change
Net
increase
during
year
Amount
at end
of year
Trust
fund
ratio 2
Historical data:
1997
$386.5
$342.3
$6.5
$37.7

$318.5
$312.9
$2.0
$3.7

$67.9
$567.4
157
1998
415.7
364.9
8.6
42.2

330.0
324.3
2.0
3.7

85.7
653.1
172
1999
447.0
389.9
10.2
46.8

337.9
332.4
1.8
3.7

109.1
762.2
193
2000
484.2
418.2
12.5
53.5

353.4
347.9
2.0
3.5

130.8
893.0
216
2001
513.8
440.8
11.8
61.2

373.0
367.7
2.1
3.3

140.8
1,033.8
239
Intermediate:
2002
528.4
447.4
12.7
68.0

389.6
383.7
2.2
3.7

138.9
1,172.7
265
2003
560.2
472.8
13.3
74.1

402.1
396.1
2.4
3.6

158.1
1,330.8
292
2004
595.5
497.2
14.1
84.2

417.9
412.0
2.4
3.5

177.6
1,508.4
318
2005
638.3
527.6
14.9
95.7

437.2
431.4
2.4
3.5

201.1
1,709.4
345
2006
676.4
552.1
15.7
108.6

459.1
453.4
2.4
3.4

217.4
1,926.8
372













2007
721.1
581.5
16.8
122.7

483.6
477.6
2.4
3.6

237.5
2,164.3
398
2008
765.5
609.8
18.2
137.4

510.9
504.9
2.4
3.6

254.6
2,418.9
424
2009
811.6
638.6
19.9
153.2

542.3
536.2
2.4
3.7

269.3
2,688.2
446
2010
863.5
672.7
21.8
169.0

577.7
571.5
2.4
3.8

285.8
2,973.9
465
2011
917.6
706.3
25.3
186.0

615.9
609.8
2.5
3.7

301.7
3,275.6
483
Low Cost:
2002
531.9
450.7
12.7
68.1

389.4
383.6
2.2
3.7

142.4
1,176.3
265
2003
566.8
478.4
13.3
75.1

401.1
395.1
2.4
3.6

165.8
1,342.0
293
2004
604.5
504.9
14.0
85.6

414.4
408.5
2.4
3.5

190.1
1,532.1
324
2005
646.8
535.1
14.7
97.0

429.9
424.1
2.3
3.4

216.9
1,749.0
356
2006
680.4
556.4
15.3
108.7

446.9
441.3
2.3
3.3

233.5
1,982.5
391













2007
719.6
582.1
16.2
121.3

466.1
460.3
2.3
3.4

253.6
2,236.1
425
2008
760.0
607.5
17.4
135.1

487.5
481.8
2.3
3.4

272.4
2,508.5
459
2009
803.4
634.4
18.8
150.2

512.6
506.8
2.3
3.4

290.9
2,799.4
489
2010
852.9
666.3
20.4
166.1

540.9
535.1
2.4
3.5

312.0
3,111.4
518
2011
904.1
697.2
23.4
183.4

571.4
565.7
2.4
3.3

332.7
3,444.0
545
High Cost:
2002
524.3
443.3
12.7
68.0

389.7
383.8
2.2
3.7

134.6
1,168.5
265
2003
557.0
469.2
13.4
74.5

403.1
397.1
2.4
3.6

153.9
1,322.4
290
2004
598.1
496.9
14.2
86.9

421.7
415.8
2.4
3.5

176.4
1,498.7
314
2005
647.5
528.8
15.3
103.4

448.8
442.9
2.4
3.5

198.7
1,697.5
334
2006
683.4
547.8
16.6
119.0

484.0
478.0
2.4
3.5

199.5
1,896.9
351













2007
749.3
591.9
18.2
139.2

523.3
517.0
2.5
3.9

226.0
2,123.0
362
2008
803.9
625.8
20.1
158.0

563.2
556.6
2.5
4.0

240.7
2,363.7
377
2009
852.0
657.7
22.2
172.2

604.4
597.6
2.6
4.2

247.7
2,611.3
391
2010
906.5
695.5
24.5
186.5

649.1
642.1
2.6
4.4

257.4
2,868.7
402
2011
963.2
733.4
28.6
201.2

697.4
690.3
2.6
4.4

265.8
3,134.5
411

1 "Total Income" column includes transfers made between the OASI Trust Fund and the General Fund of the Treasury that are not included in the separate components of income shown. These transfers consist of payments for (1) the cost of noncontributory wage credits for military service before 1957, and (2) the cost of benefits to certain uninsured persons who attained age 72 before 1968. In 2002, these transfers include $414 million from the General Fund of the Treasury to the OASI Trust Fund for the cost of pre-1957 military service wage credits. Otherwise, these transfers are estimated to be less than $500,000 in each year of the projection period.

2 The "Trust fund ratio" column represents assets at the beginning of a year (which are identical to assets at the end of the prior year shown in the "Amount at end of year" column) as a percentage of expenditures during the year. See text beginning on page 37 concerning interpretation of these ratios.

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

Table VI.C5.—Operations of the DI Trust Fund in Fiscal Years 1997-2011 
[Amounts in billions]
Fiscal year
Income

Expenditures

Assets
Total1
Net
contri-
butions
Taxa-
tion of
benefits
Net
inter-
est
Total
Benefit
pay-
ments
Admin-
istra-
tive costs
RRB
inter-
change
Net
increase
during
year
Amount
at end
of year
Trust
fund
ratio 2
Historical data:
1997
$60.1
$56.2
$0.4
$3.5

$46.7
$45.4
$1.2
$0.1

$13.4
$63.5
107
1998
62.9
58.0
.5
4.4

49.3
47.6
1.6
.2

13.6
77.1
129
1999
67.8
61.9
.6
5.2

52.1
50.5
1.5
.1

15.7
92.7
148
2000
77.0
70.0
.8
6.3

56.0
54.2
1.6
.2

21.0
113.8
166
2001
82.1
74.6
.7
7.6

59.9
58.2
1.8
3/

22.1
135.9
190
Intermediate:
2002
85.6
76.0
1.0
8.7

69.1
67.1
1.8
.2

16.5
152.4
197
2003
90.7
80.3
1.0
9.4

71.5
69.5
1.8
.2

19.2
171.6
213
2004
96.2
84.4
1.1
10.7

75.4
73.3
1.8
.2

20.8
192.4
228
2005
102.8
89.6
1.2
12.1

81.4
79.1
2.0
.3

21.4
213.9
236
2006
108.4
93.8
1.3
13.4

88.2
85.8
2.1
.3

20.2
234.1
242













2007
114.8
98.8
1.4
14.7

95.6
93.0
2.2
.3

19.2
253.3
245
2008
121.0
103.6
1.5
15.9

103.4
100.7
2.4
.4

17.6
270.8
245
2009
127.1
108.4
1.7
16.9

111.4
108.5
2.5
.4

15.7
286.5
243
2010
134.0
114.2
1.9
17.8

119.5
116.4
2.6
.5

14.5
301.0
240
2011
140.8
119.9
2.3
18.6

128.0
124.8
2.8
.5

12.8
313.8
235
Low Cost:
2002
86.2
76.5
.9
8.7

68.4
66.4
1.8
.2

17.8
153.7
199
2003
91.8
81.2
.9
9.6

69.9
67.9
1.8
.2

22.0
175.6
220
2004
97.8
85.7
1.0
11.1

72.2
70.1
1.8
.2

25.7
201.3
243
2005
104.6
90.9
1.1
12.7

76.4
74.2
2.0
.3

28.2
229.6
264
2006
109.8
94.5
1.2
14.2

81.3
78.9
2.1
.3

28.6
258.1
283













2007
115.8
98.9
1.2
15.7

86.4
83.9
2.2
.3

29.4
287.5
299
2008
121.9
103.2
1.4
17.3

91.7
89.1
2.3
.4

30.1
317.6
313
2009
128.2
107.7
1.5
19.0

96.9
94.1
2.4
.4

31.3
348.9
328
2010
135.5
113.1
1.6
20.7

102.0
99.0
2.5
.4

33.5
382.4
342
2011
142.8
118.4
1.9
22.5

107.3
104.2
2.7
.4

35.5
417.9
356
High Cost:
2002
84.9
75.3
1.0
8.7

70.6
68.6
1.8
.2

14.3
150.2
192
2003
90.0
79.7
1.0
9.3

74.8
72.8
1.8
.2

15.2
165.4
201
2004
96.1
84.4
1.1
10.6

81.0
79.0
1.8
.2

15.1
180.5
204
2005
103.2
89.8
1.3
12.1

90.4
88.2
2.0
.3

12.7
193.2
200
2006
107.5
93.0
1.4
13.0

101.9
99.4
2.2
.3

5.6
198.8
190













2007
115.9
100.5
1.6
13.7

114.2
111.5
2.4
.4

1.7
200.5
174
2008
122.0
106.3
1.9
13.9

126.3
123.3
2.5
.4

-4.3
196.2
159
2009
127.3
111.7
2.1
13.5

137.8
134.7
2.6
.5

-10.5
185.7
142
2010
133.2
118.1
2.4
12.7

149.2
145.9
2.8
.5

-16.0
169.7
124
2011
138.9
124.5
2.9
11.5

161.4
157.8
3.0
.6

-22.4
147.3
105

1 "Total Income" column includes transfers made between the DI Trust Fund and the General Fund of the Treasury that are not included in the separate components of income shown. These transfers consist of payments for the cost of noncontributory wage credits for military service before 1957. In particular, a transfer was made in December 2000 in the amount of $836 million from the DI Trust Fund to the General Fund of the Treasury. Such transfers are estimated to be less than $500,000 in each year of the projection period.

2 The "Trust fund ratio" column represents assets at the beginning of a year (which are identical to assets at the end of the prior year shown in the "Amount at end of year" column) as a percentage of expenditures during the year. See text beginning on page 37 concerning interpretation of these ratios.

3 Less than $50 million.

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

Table VI.C6.—Operations of the Combined OASI and DI Trust Funds
in Fiscal Years 1997-2011 
[Amounts in billions]
Fiscal year
Income

Expenditures

Assets
Total1
Net
contri-
butions
Taxa-
tion of
benefits
Net
inter-
est
Total
Benefit
pay-
ments
Admin-
istra-
tive costs
RRB
inter-
change
Net
increase
during
year
Amount
at end
of year
Trust
fund
ratio 2
Historical data:
1997
$446.6
$398.5
$6.9
$41.2

$365.2
$358.3
$3.2
$3.7

$81.3
$630.9
150
1998
478.6
422.9
9.1
46.6

379.3
371.9
3.6
3.8

99.3
730.2
166
1999
514.7
451.9
10.8
52.1

390.0
382.8
3.4
3.8

124.7
854.9
187
2000
561.3
488.2
13.2
59.8

409.4
402.1
3.6
3.7

151.8
1,006.8
209
2001
595.9
515.4
12.5
68.8

432.9
425.8
3.8
3.3

163.0
1,169.7
233
Intermediate:
2002
614.0
523.3
13.6
76.7

458.6
450.8
4.0
3.9

155.4
1,325.1
255
2003
650.8
553.1
14.3
83.5

473.6
465.6
4.2
3.8

177.2
1,502.4
280
2004
691.7
581.6
15.2
94.9

493.2
485.3
4.2
3.8

198.4
1,700.8
305
2005
741.2
617.2
16.1
107.8

518.6
510.5
4.3
3.8

222.5
1,923.3
328
2006
784.9
645.9
17.0
122.0

547.3
539.2
4.5
3.6

237.6
2,160.9
351













2007
835.9
680.3
18.2
137.4

579.2
570.7
4.6
3.9

256.7
2,417.6
373
2008
886.4
713.4
19.8
153.3

614.3
605.5
4.8
4.0

272.2
2,689.7
394
2009
938.7
747.1
21.6
170.1

653.7
644.7
4.9
4.1

285.0
2,974.7
411
2010
997.5
786.9
23.8
186.8

697.2
687.9
5.1
4.2

300.3
3,275.0
427
2011
1,058.4
826.3
27.6
204.6

744.0
734.5
5.2
4.2

314.5
3,589.4
440
Low Cost:
2002
618.0
527.2
13.6
76.8

457.8
450.0
4.0
3.9

160.2
1,330.0
256
2003
658.7
559.7
14.2
84.8

470.9
462.9
4.2
3.8

187.7
1,517.7
282
2004
702.3
590.6
15.0
96.7

486.5
478.6
4.2
3.7

215.8
1,733.5
312
2005
751.4
626.0
15.8
109.6

506.3
498.3
4.3
3.7

245.1
1,978.6
342
2006
790.3
650.9
16.5
122.9

528.2
520.2
4.4
3.5

262.1
2,240.6
375













2007
835.5
681.0
17.5
137.0

552.5
544.2
4.5
3.8

283.0
2,523.6
406
2008
881.8
710.6
18.8
152.5

579.3
570.8
4.6
3.8

302.6
2,826.1
436
2009
931.6
742.2
20.3
169.2

609.5
600.9
4.8
3.8

322.1
3,148.3
464
2010
988.4
779.5
22.1
186.8

642.9
634.2
4.9
3.9

345.5
3,493.7
490
2011
1,046.9
815.6
25.3
205.9

678.7
669.9
5.0
3.8

368.2
3,861.9
515
High Cost:
2002
609.2
518.5
13.6
76.6

460.3
452.5
4.0
3.9

148.9
1,318.6
254
2003
647.0
548.9
14.4
83.8

477.9
469.9
4.2
3.8

169.1
1,487.7
276
2004
694.2
581.3
15.4
97.6

502.7
494.7
4.2
3.8

191.5
1,679.2
296
2005
750.7
618.6
16.6
115.4

539.3
531.1
4.4
3.8

211.4
1,890.7
311
2006
790.9
640.9
18.0
132.0

585.8
577.4
4.6
3.8

205.1
2,095.8
323













2007
865.2
692.4
19.9
152.9

637.5
628.4
4.9
4.2

227.7
2,323.5
329
2008
925.9
732.0
22.0
171.9

689.4
679.9
5.0
4.5

236.4
2,559.9
337
2009
979.3
769.4
24.3
185.7

742.1
732.2
5.2
4.7

237.1
2,797.1
345
2010
1,039.7
813.7
26.9
199.1

798.3
788.0
5.4
4.9

241.4
3,038.5
350
2011
1,102.1
857.9
31.5
212.6

858.7
848.1
5.6
5.0

243.4
3,281.8
354

1 "Total Income" column includes transfers made between the OASI and DI Trust Funds and the General Fund of the Treasury that are not included in the separate components of income shown. These transfers consist of payments for (1) the cost of noncontributory wage credits for military service before 1957, and (2) the cost of benefits to certain uninsured persons who attained age 72 before 1968. In particular, a transfer was made in December 2000 in the amount of $836 million from the DI Trust Fund to the General Fund of the Treasury. In 2002, $414 million was transferred from the General Fund of the Treasury to the OASI Trust Fund for the cost of pre-1957 military service wage credits. Otherwise, these transfers are estimated to be less than $500,000 in each year of the projection period.

2 The "Trust fund ratio" column represents assets at the beginning of a year (which are identical to assets at the end of the prior year shown in the "Amount at end of year" column) as a percentage of expenditures during the year. See text beginning on page 37 concerning interpretation of these ratios.

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

Contents Previous Next Index
 Link to FirstGov.gov: U.S. Government portal Privacy Policy | Website Policies & Other Important Information  | Site Map  | Actuarial Publications 3/26/2002