2003 OASDI Trustees Report
2003 OASDI Trustees Report |
|
|
|
|
|
|
VI. APPENDICES
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 2002, 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.
|
Total assets, September 30, 2001
|
|
$1,033,840
|
|||
|
Receipts:
|
|||||
| |
Contributions:
|
|
|
||
| |
|
Employment taxes
|
$448,991
|
|
|
| |
|
Payments from the General Fund of the Treasury for contributions subject to refund
|
-858
|
|
|
| |
|
|
Net contributions
|
|
448,133
|
| |
Income based on taxation of benefit payments: |
|
|
||
| |
|
Withheld from benefit payments to nonresident aliens
|
145
|
|
|
| |
|
All other, not subject to withholding
|
12,452
|
|
|
| |
|
|
Total income from taxation of benefits
|
|
12,597
|
| |
Transfer from General Fund of the Treasury to adjust previous determinations of costs attributable to noncontributory wage credits for military service before 1957 |
|
414
|
||
| |
Investment income and interest adjustments:
|
|
|
||
| |
|
Interest on investments
|
68,105
|
|
|
| |
|
Interest adjustments 1
|
8
|
|
|
| |
|
|
Total investment income and interest adjustments
|
|
68,113
|
| |
Gifts
|
|
2/
|
||
|
Total receipts
|
|
529,257
|
|||
| Disbursements: |
|
|
|||
| |
Benefit payments:
|
|
|
||
| |
|
Gross benefit payments
|
385,119
|
|
|
| |
|
Offset for collected overpayments
|
-1,128
|
|
|
| |
|
Reimbursement from the general fund for unnegotiated checks
|
-50
|
|
|
| |
|
|
Net benefit payments
|
|
383,942
|
| |
Transfer to the Railroad Retirement "Social Security Equivalent Benefit Account" |
|
3,493
|
||
| |
Administrative expenses:
|
|
|
||
| |
|
Costs incurred by:
|
|
|
|
| |
|
|
Social Security Administration
|
1,893
|
|
| |
|
|
Department of the Treasury
|
225
|
|
| |
|
Offsetting receipts from sales of supplies, materials, etc.
|
-1
|
|
|
| |
|
Miscellaneous reimbursements from the general fund 3
|
-5
|
|
|
| |
|
|
Net administrative expenses
|
|
2,111
|
|
Total disbursements
|
|
389,546
|
|||
|
Net increase in assets
|
|
139,711
|
|||
|
Total assets, September 30, 2002
|
|
1,173,551
|
|||
| 1Includes (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. 2Less than $500,000. 3Reimbursements 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.
|
Total assets, September 30, 2001
|
|
$135,901
|
|||
|
Receipts:
|
|
|
|||
| |
Contributions:
|
|
|
||
| |
|
Employment taxes
|
$76,220
|
|
|
| |
|
Payments from the General Fund of the Treasury for contributions subject to refund
|
-152
|
|
|
| |
|
|
Net contributions
|
|
76,067
|
| |
Income based on taxation of benefit payments: |
|
|
||
| |
|
Withheld from benefit payments to nonresident aliens
|
6
|
|
|
| |
|
All other, not subject to withholding
|
930
|
|
|
| |
|
|
Total income from taxation of benefits
|
|
936
|
| |
Investment income and interest adjustments: |
|
|
||
| |
|
Interest on investments
|
8,714
|
|
|
| |
|
Interest adjustments1
|
3
|
|
|
| |
|
|
Total investment income and interest adjustments
|
|
8,717
|
|
Total receipts
|
|
85,720
|
|||
| Disbursements: |
|
|
|||
| |
Benefit payments:
|
|
|
||
| |
|
Gross benefit payments
|
64,569
|
|
|
| |
|
Offset for collected overpayments
|
-413
|
|
|
| |
|
Reimbursement from the general fund for unnegotiated checks
|
-18
|
|
|
| |
|
|
Net benefit payments
|
|
64,138
|
| |
Transfer to the Railroad Retirement "Social Security Equivalent Benefit Account" |
|
154
|
||
| |
Payment for costs of vocational rehabilitation services for disabled beneficiaries
|
|
67
|
||
| |
Administrative expenses:
|
|
|
||
| |
|
Costs incurred by:
|
|
|
|
| |
|
|
Social Security Administration
|
1,966
|
|
| |
|
|
Department of the Treasury
|
42
|
|
| |
|
Miscellaneous reimbursements from the general fund 2
|
-3
|
|
|
| |
|
|
Net administrative expenses
|
|
2,005
|
|
Total disbursements
|
|
66,364
|
|||
|
Net increase in assets
|
|
19,356
|
|||
|
Total assets, September 30, 2002
|
|
155,258
|
|||
| 1Includes (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. 2Reimbursements 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.
|
Total assets, September 30, 2001
|
|
$1,169,741
|
|||
|
Receipts:
|
|
|
|||
| |
Contributions:
|
|
|
||
| |
|
Employment taxes
|
$525,211
|
|
|
| |
|
Payments from the General Fund of the Treasury for contributions subject to refund
|
-1,011
|
|
|
| |
|
|
Net contributions
|
|
524,200
|
| |
Income based on taxation of benefit payments: |
|
|
||
| |
|
Withheld from benefit payments to nonresident aliens
|
151
|
|
|
| |
|
All other, not subject to withholding
|
13,382
|
|
|
| |
|
|
Total income from taxation of benefits
|
|
13,533
|
| |
Transfer from General Fund of the Treasury to adjust previous determinations of costs attributable to noncontributory wage credits for military service before 1957 |
|
414
|
||
| |
Investment income and interest adjustments:
|
|
|
||
| |
|
Interest on investments
|
76,819
|
|
|
| |
|
Interest adjustments1
|
10
|
|
|
| |
|
|
Total investment income and interest adjustments
|
|
76,830
|
| |
Gifts
|
|
2/
|
||
|
Total receipts
|
|
614,977
|
|||
| Disbursements: |
|
|
|||
| |
Benefit payments:
|
|
|
||
| |
|
Gross benefit payments
|
449,688
|
|
|
| |
|
Offset for collected overpayments
|
-1,540
|
|
|
| |
|
Reimbursement from the general fund for unnegotiated checks
|
-67
|
|
|
| |
|
|
Net benefit payments
|
|
448,080
|
| |
Transfer to the Railroad Retirement "Social Security Equivalent Benefit Account" |
|
3,647
|
||
| |
Payment for costs of vocational rehabilitation services for disabled beneficiaries
|
|
67
|
||
| |
Administrative expenses:
|
|
|
||
| |
|
Costs incurred by:
|
|
|
|
| |
|
|
Social Security Administration
|
3,859
|
|
| |
|
|
Department of the Treasury
|
267
|
|
| |
|
Offsetting receipts from sales of supplies, materials, etc.
|
-1
|
|
|
| |
|
Miscellaneous reimbursements from the general fund3
|
-9
|
|
|
| |
|
|
Net administrative expenses
|
|
4,116
|
|
Total disbursements
|
|
455,910
|
|||
|
Net increase in assets
|
|
159,067
|
|||
|
Total assets, September 30, 2002
|
|
1,328,808
|
|||
| 1Includes (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. 2Less than $500,000. 3Reimbursements 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) 1998-2012 are presented in tables VI.C4, VI.C5 and VI.C6, respectively.
|
Fiscal year
|
Income
|
|
Cost
|
|
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 |
|||||
|
Historical data:
|
||||||||||||||
| |
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
|
| |
2002
|
529.3
|
448.1
|
12.6
|
68.1
|
|
389.5
|
383.9
|
2.1
|
3.5
|
|
139.7
|
1,173.6
|
265
|
|
Intermediate:
|
||||||||||||||
| |
2003
|
547.2
|
460.2
|
12.9
|
74.1
|
|
402.3
|
396.2
|
2.4
|
3.7
|
|
145.0
|
1,318.5
|
292
|
| |
2004
|
573.4
|
479.2
|
12.4
|
81.8
|
|
414.8
|
408.7
|
2.5
|
3.7
|
|
158.6
|
1,477.1
|
318
|
| |
2005
|
616.3
|
511.3
|
13.3
|
91.7
|
|
431.8
|
425.6
|
2.5
|
3.7
|
|
184.5
|
1,661.6
|
342
|
| |
2006
|
654.4
|
536.5
|
14.2
|
103.7
|
|
451.0
|
445.0
|
2.5
|
3.5
|
|
203.4
|
1,864.9
|
368
|
| |
2007
|
699.1
|
566.7
|
15.5
|
117.0
|
|
474.1
|
468.0
|
2.5
|
3.7
|
|
225.0
|
2,090.0
|
393
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
2008
|
744.0
|
595.4
|
17.0
|
131.6
|
|
500.8
|
494.6
|
2.5
|
3.7
|
|
243.2
|
2,333.2
|
417
|
| |
2009
|
789.7
|
624.5
|
18.6
|
146.6
|
|
530.1
|
523.9
|
2.5
|
3.7
|
|
259.7
|
2,592.8
|
440
|
| |
2010
|
841.9
|
659.1
|
20.3
|
162.5
|
|
563.1
|
556.8
|
2.5
|
3.7
|
|
278.9
|
2,871.7
|
460
|
| |
2011
|
895.7
|
693.2
|
23.4
|
179.2
|
|
599.5
|
593.4
|
2.6
|
3.6
|
|
296.2
|
3,167.9
|
479
|
| |
2012
|
946.6
|
723.9
|
26.0
|
196.7
|
|
639.9
|
633.4
|
2.6
|
3.9
|
|
306.8
|
3,474.7
|
495
|
|
Low Cost:
|
||||||||||||||
| |
2003
|
548.5
|
461.3
|
12.9
|
74.3
|
|
402.1
|
396.1
|
2.4
|
3.7
|
|
146.4
|
1,319.9
|
292
|
| |
2004
|
581.2
|
486.3
|
12.3
|
82.5
|
|
414.1
|
408.0
|
2.5
|
3.6
|
|
167.0
|
1,486.9
|
319
|
| |
2005
|
622.6
|
517.0
|
13.2
|
92.3
|
|
429.0
|
422.8
|
2.5
|
3.7
|
|
193.6
|
1,680.5
|
347
|
| |
2006
|
658.2
|
541.0
|
14.0
|
103.2
|
|
444.9
|
438.9
|
2.4
|
3.5
|
|
213.3
|
1,893.9
|
378
|
| |
2007
|
699.8
|
569.6
|
15.1
|
115.0
|
|
463.2
|
457.2
|
2.4
|
3.6
|
|
236.5
|
2,130.4
|
409
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
2008
|
741.4
|
597.0
|
16.4
|
128.0
|
|
483.6
|
477.6
|
2.4
|
3.6
|
|
257.8
|
2,388.2
|
441
|
| |
2009
|
785.2
|
625.0
|
17.7
|
142.5
|
|
506.7
|
500.7
|
2.4
|
3.5
|
|
278.5
|
2,666.7
|
471
|
| |
2010
|
834.9
|
658.0
|
19.2
|
157.7
|
|
532.9
|
527.0
|
2.5
|
3.5
|
|
302.0
|
2,968.7
|
500
|
| |
2011
|
886.6
|
690.1
|
21.9
|
174.5
|
|
562.0
|
556.2
|
2.5
|
3.3
|
|
324.6
|
3,293.4
|
528
|
| |
2012
|
935.3
|
718.7
|
24.2
|
192.4
|
|
594.3
|
588.2
|
2.5
|
3.6
|
|
341.0
|
3,634.4
|
554
|
|
High Cost:
|
||||||||||||||
| |
2003
|
544.5
|
457.6
|
12.9
|
74.0
|
|
402.4
|
396.3
|
2.4
|
3.7
|
|
142.2
|
1,315.7
|
292
|
| |
2004
|
558.5
|
466.0
|
12.4
|
80.1
|
|
416.6
|
410.5
|
2.5
|
3.7
|
|
141.9
|
1,457.6
|
316
|
| |
2005
|
613.4
|
508.0
|
13.5
|
91.9
|
|
436.5
|
430.3
|
2.5
|
3.7
|
|
176.9
|
1,634.5
|
334
|
| |
2006
|
659.2
|
535.4
|
14.6
|
109.1
|
|
464.0
|
457.9
|
2.5
|
3.6
|
|
195.1
|
1,829.6
|
352
|
| |
2007
|
703.4
|
561.7
|
16.4
|
125.3
|
|
501.4
|
495.0
|
2.5
|
3.8
|
|
202.0
|
2,031.6
|
365
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
2008
|
773.5
|
608.2
|
18.5
|
146.9
|
|
542.8
|
536.2
|
2.6
|
4.0
|
|
230.8
|
2,262.4
|
374
|
| |
2009
|
832.0
|
645.3
|
20.5
|
166.2
|
|
585.4
|
578.6
|
2.7
|
4.1
|
|
246.7
|
2,509.0
|
387
|
| |
2010
|
887.9
|
684.0
|
22.7
|
181.2
|
|
628.8
|
621.8
|
2.7
|
4.3
|
|
259.1
|
2,768.2
|
399
|
| |
2011
|
945.1
|
722.4
|
26.4
|
196.4
|
|
674.9
|
667.9
|
2.7
|
4.3
|
|
270.2
|
3,038.3
|
410
|
| |
2012
|
998.6
|
757.1
|
29.6
|
211.9
|
|
726.0
|
718.6
|
2.8
|
4.6
|
|
272.6
|
3,311.0
|
419
|
| 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 February 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. 2The "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 cost for the year. See text concerning interpretation of these ratios. |
Note: Totals do not necessarily equal the sums of rounded components.
|
Fiscal year
|
Income
|
|
Cost
|
|
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 |
|||||
|
Historical data:
|
||||||||||||||
| |
1998
|
$62.9
|
$58.0
|
$0.5
|
$4.4
|
|
$49.3
|
$47.6
|
$1.6
|
$0.2
|
|
$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
|
| |
2002
|
85.7
|
76.1
|
.9
|
8.7
|
|
66.4
|
64.2
|
2.0
|
.2
|
|
19.4
|
155.3
|
205
|
|
Intermediate:
|
||||||||||||||
| |
2003
|
88.7
|
78.1
|
1.0
|
9.6
|
|
71.7
|
69.7
|
1.8
|
.2
|
|
17.0
|
172.2
|
217
|
| |
2004
|
92.8
|
81.4
|
1.0
|
10.5
|
|
78.5
|
76.2
|
2.0
|
.2
|
|
14.4
|
186.6
|
219
|
| |
2005
|
99.3
|
86.8
|
1.1
|
11.4
|
|
84.7
|
82.4
|
2.1
|
.3
|
|
14.6
|
201.1
|
220
|
| |
2006
|
104.6
|
91.1
|
1.2
|
12.3
|
|
90.0
|
87.6
|
2.2
|
.3
|
|
14.6
|
215.7
|
223
|
| |
2007
|
110.8
|
96.2
|
1.3
|
13.3
|
|
95.9
|
93.3
|
2.3
|
.3
|
|
14.9
|
230.6
|
225
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
2008
|
116.8
|
101.1
|
1.5
|
14.3
|
|
102.5
|
99.8
|
2.4
|
.3
|
|
14.3
|
245.0
|
225
|
| |
2009
|
122.8
|
106.1
|
1.7
|
15.1
|
|
110.1
|
107.2
|
2.6
|
.3
|
|
12.7
|
257.7
|
223
|
| |
2010
|
129.6
|
111.9
|
1.9
|
15.9
|
|
117.7
|
114.6
|
2.7
|
.4
|
|
11.9
|
269.6
|
219
|
| |
2011
|
136.4
|
117.7
|
2.2
|
16.5
|
|
125.6
|
122.4
|
2.9
|
.4
|
|
10.8
|
280.5
|
215
|
| |
2012
|
142.6
|
122.9
|
2.5
|
17.1
|
|
133.7
|
130.3
|
3.0
|
.4
|
|
8.8
|
289.3
|
210
|
|
Low Cost:
|
||||||||||||||
| |
2003
|
88.9
|
78.3
|
1.0
|
9.6
|
|
70.6
|
68.6
|
1.8
|
.2
|
|
18.2
|
173.5
|
220
|
| |
2004
|
94.2
|
82.6
|
.9
|
10.7
|
|
75.7
|
73.5
|
2.0
|
.2
|
|
18.5
|
192.0
|
229
|
| |
2005
|
100.6
|
87.8
|
1.0
|
11.8
|
|
80.4
|
78.1
|
2.1
|
.3
|
|
20.2
|
212.2
|
239
|
| |
2006
|
105.9
|
91.9
|
1.1
|
12.9
|
|
84.0
|
81.5
|
2.2
|
.3
|
|
21.9
|
234.1
|
253
|
| |
2007
|
112.1
|
96.7
|
1.2
|
14.1
|
|
87.7
|
85.1
|
2.3
|
.3
|
|
24.4
|
258.5
|
267
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
2008
|
118.2
|
101.4
|
1.3
|
15.5
|
|
91.9
|
89.2
|
2.4
|
.3
|
|
26.3
|
284.7
|
281
|
| |
2009
|
124.5
|
106.1
|
1.4
|
16.9
|
|
96.7
|
93.8
|
2.5
|
.3
|
|
27.9
|
312.6
|
295
|
| |
2010
|
131.8
|
111.7
|
1.6
|
18.5
|
|
101.2
|
98.2
|
2.6
|
.3
|
|
30.6
|
343.2
|
309
|
| |
2011
|
139.2
|
117.2
|
1.8
|
20.1
|
|
105.9
|
102.8
|
2.8
|
.3
|
|
33.3
|
376.4
|
324
|
| |
2012
|
146.1
|
122.0
|
2.1
|
22.0
|
|
110.7
|
107.4
|
2.9
|
.3
|
|
35.4
|
411.8
|
340
|
|
High Cost:
|
||||||||||||||
| |
2003
|
88.2
|
77.7
|
1.0
|
9.6
|
|
73.7
|
71.6
|
1.8
|
.2
|
|
14.6
|
169.8
|
211
|
| |
2004
|
90.2
|
79.1
|
1.0
|
10.1
|
|
83.2
|
81.0
|
2.0
|
.2
|
|
7.0
|
176.8
|
204
|
| |
2005
|
98.2
|
86.3
|
1.2
|
10.7
|
|
92.1
|
89.7
|
2.1
|
.3
|
|
6.1
|
182.9
|
192
|
| |
2006
|
103.7
|
90.9
|
1.3
|
11.4
|
|
100.7
|
98.2
|
2.2
|
.3
|
|
3.0
|
185.9
|
182
|
| |
2007
|
108.6
|
95.4
|
1.5
|
11.8
|
|
111.2
|
108.5
|
2.4
|
.3
|
|
-2.5
|
183.4
|
167
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
2008
|
116.9
|
103.3
|
1.8
|
11.8
|
|
122.7
|
119.8
|
2.6
|
.4
|
|
-5.8
|
177.5
|
149
|
| |
2009
|
123.0
|
109.6
|
2.0
|
11.4
|
|
134.7
|
131.6
|
2.7
|
.4
|
|
-11.7
|
165.9
|
132
|
| |
2010
|
129.1
|
116.2
|
2.3
|
10.7
|
|
145.9
|
142.6
|
2.9
|
.4
|
|
-16.8
|
149.1
|
114
|
| |
2011
|
135.0
|
122.7
|
2.8
|
9.6
|
|
157.4
|
153.8
|
3.1
|
.4
|
|
-22.4
|
126.7
|
95
|
| |
2012
|
139.9
|
128.6
|
3.2
|
8.1
|
|
169.2
|
165.4
|
3.3
|
.5
|
|
-29.3
|
97.4
|
75
|
| 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. 2The "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 cost for the year. See text concerning interpretation of these ratios. 3Less than $50 million. |
Note: Totals do not necessarily equal the sums of rounded components.
|
Fiscal year
|
Income
|
|
Cost
|
|
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 |
|||||
|
Historical data:
|
||||||||||||||
| |
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
|
| |
2002
|
615.0
|
524.2
|
13.5
|
76.8
|
|
455.9
|
448.1
|
4.1
|
3.6
|
|
159.1
|
1,328.8
|
257
|
|
Intermediate:
|
||||||||||||||
| |
2003
|
635.9
|
538.3
|
13.9
|
83.7
|
|
474.0
|
465.9
|
4.2
|
3.9
|
|
161.9
|
1,490.7
|
280
|
| |
2004
|
666.3
|
560.6
|
13.3
|
92.3
|
|
493.3
|
484.9
|
4.5
|
3.9
|
|
172.9
|
1,663.7
|
302
|
| |
2005
|
715.6
|
598.1
|
14.4
|
103.0
|
|
516.5
|
508.0
|
4.6
|
3.9
|
|
199.1
|
1,862.7
|
322
|
| |
2006
|
759.0
|
627.6
|
15.4
|
116.0
|
|
541.1
|
532.6
|
4.6
|
3.8
|
|
217.9
|
2,080.6
|
344
|
| |
2007
|
809.9
|
662.9
|
16.8
|
130.2
|
|
570.0
|
561.2
|
4.8
|
4.0
|
|
240.0
|
2,320.6
|
365
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
2008
|
860.9
|
696.5
|
18.5
|
145.9
|
|
603.3
|
594.4
|
4.9
|
4.0
|
|
257.6
|
2,578.2
|
385
|
| |
2009
|
912.5
|
730.6
|
20.2
|
161.7
|
|
640.2
|
631.1
|
5.1
|
4.0
|
|
272.4
|
2,850.6
|
403
|
| |
2010
|
971.6
|
771.0
|
22.2
|
178.4
|
|
680.8
|
671.5
|
5.2
|
4.1
|
|
290.8
|
3,141.3
|
419
|
| |
2011
|
1,032.2
|
810.9
|
25.6
|
195.7
|
|
725.2
|
715.7
|
5.4
|
4.0
|
|
307.0
|
3,448.3
|
433
|
| |
2012
|
1,089.2
|
846.8
|
28.6
|
213.8
|
|
773.6
|
763.7
|
5.6
|
4.3
|
|
315.6
|
3,763.9
|
446
|
|
Low Cost:
|
||||||||||||||
| |
2003
|
637.3
|
539.6
|
13.9
|
83.9
|
|
472.8
|
464.7
|
4.2
|
3.9
|
|
164.6
|
1,493.4
|
281
|
| |
2004
|
675.4
|
568.8
|
13.3
|
93.2
|
|
489.9
|
481.5
|
4.5
|
3.9
|
|
185.5
|
1,678.9
|
305
|
| |
2005
|
723.2
|
604.8
|
14.3
|
104.1
|
|
509.4
|
500.9
|
4.6
|
3.9
|
|
213.8
|
1,892.7
|
330
|
| |
2006
|
764.1
|
632.9
|
15.1
|
116.1
|
|
528.8
|
520.5
|
4.6
|
3.7
|
|
235.3
|
2,128.0
|
358
|
| |
2007
|
811.8
|
666.3
|
16.3
|
129.2
|
|
550.9
|
542.3
|
4.7
|
3.9
|
|
260.9
|
2,388.9
|
386
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
2008
|
859.6
|
698.4
|
17.7
|
143.5
|
|
575.5
|
566.9
|
4.8
|
3.9
|
|
284.1
|
2,673.0
|
415
|
| |
2009
|
909.7
|
731.1
|
19.2
|
159.4
|
|
603.3
|
594.5
|
5.0
|
3.8
|
|
306.3
|
2,979.3
|
443
|
| |
2010
|
966.7
|
769.7
|
20.8
|
176.2
|
|
634.1
|
625.2
|
5.1
|
3.8
|
|
332.6
|
3,311.9
|
470
|
| |
2011
|
1,025.8
|
807.3
|
23.8
|
194.7
|
|
667.9
|
659.0
|
5.3
|
3.7
|
|
357.9
|
3,669.8
|
496
|
| |
2012
|
1,081.4
|
840.8
|
26.3
|
214.4
|
|
704.9
|
695.6
|
5.4
|
3.9
|
|
376.4
|
4,046.2
|
521
|
|
High Cost:
|
||||||||||||||
| |
2003
|
632.8
|
535.3
|
13.9
|
83.5
|
|
476.0
|
467.9
|
4.2
|
3.9
|
|
156.7
|
1,485.5
|
279
|
| |
2004
|
648.8
|
545.1
|
13.4
|
90.2
|
|
499.9
|
491.5
|
4.5
|
3.9
|
|
148.9
|
1,634.4
|
297
|
| |
2005
|
711.5
|
594.2
|
14.7
|
102.7
|
|
528.6
|
520.0
|
4.6
|
4.0
|
|
183.0
|
1,817.4
|
309
|
| |
2006
|
762.8
|
626.3
|
16.0
|
120.6
|
|
564.7
|
556.2
|
4.7
|
3.8
|
|
198.1
|
2,015.5
|
322
|
| |
2007
|
812.0
|
657.0
|
17.9
|
137.1
|
|
612.5
|
603.5
|
4.9
|
4.2
|
|
199.5
|
2,215.0
|
329
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
2008
|
890.4
|
711.4
|
20.2
|
158.7
|
|
665.5
|
656.0
|
5.2
|
4.3
|
|
224.9
|
2,439.9
|
333
|
| |
2009
|
955.0
|
754.8
|
22.5
|
177.7
|
|
720.1
|
710.2
|
5.4
|
4.5
|
|
235.0
|
2,674.9
|
339
|
| |
2010
|
1,017.1
|
800.2
|
25.0
|
191.9
|
|
774.7
|
764.4
|
5.6
|
4.7
|
|
242.3
|
2,917.2
|
345
|
| |
2011
|
1,080.1
|
845.0
|
29.1
|
205.9
|
|
832.3
|
821.8
|
5.8
|
4.7
|
|
247.8
|
3,165.0
|
350
|
| |
2012
|
1,138.4
|
885.7
|
32.7
|
220.0
|
|
895.1
|
884.0
|
6.1
|
5.1
|
|
243.3
|
3,408.4
|
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 February 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. 2The "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 cost for the year. See text concerning interpretation of these ratios. |
Note: Totals do not necessarily equal the sums of rounded components.
|
|
|
|
|
|
 |
Privacy Policy | Website Policies & Other Important Information | Site Map | Actuarial Publications | 3/17/2003 |