2004 OASDI Trustees Report

VI. APPENDICES

G. 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, 2003, about 826,000 persons were receiving monthly benefits from the OASI Trust Fund because of their disabilities or the disabilities of children. This total includes 31,000 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 $5,895 million in calendar year 2003. Table VI.G1 shows these and similar figures for selected calendar years during 1960-2003, and estimated experience for 2004-13 based on the intermediate set of assumptions.

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 $6,140 million in calendar year 2004 to $8,733 million in calendar year 2013, based on the intermediate assumptions.

In calendar year 2003, 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 $76,848 million. Of this amount, $5,895 million or 7.7 percent represented payments from the OASI Trust Fund. These and similar figures for selected calendar years during 1960-2003 and estimates for calendar years 2004-13 are presented in table VI.G2.

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

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