------------------------------------------------------------------------------- Income -------------------------------------------------------------- Payments Income from the from taxa- general fund Calendar Net contri- tion of of the Net year Total butions1/ benefits Treasury2/ interest3/ ------------------------------------------------------------------------------- Historical data: 1960........ $12,445 $11,876 -- -- $569 1965........ 17,857 17,205 -- -- 651 1970........ 36,993 34,737 -- $465 1,791 1975........ 67,640 64,259 -- 515 2,866 1980........ 119,712 116,711 -- 670 2,330 1985........ 203,540 194,149 $3,430 3,220 2,741 1986........ 216,833 209,140 3,662 160 3,871 1987........ 231,039 222,425 3,221 55 5,338 1988........ 263,469 251,814 3,445 43 8,168 1989........ 289,448 274,189 2,534 34 12,692 1990........ 315,443 296,070 4,992 -2,864 17,245 1991........ 329,676 301,711 6,054 19 21,892 1992........ 342,591 311,128 6,084 14 25,365 1993........ 355,578 322,090 5,616 10 27,862 1994........ 381,111 344,695 5,306 7 31,103 1995........ 399,497 359,021 5,831 -332 34,977 Estimates: 1996........ 424,917 379,630 6,869 7 38,411 1997........ 444,348 394,501 7,307 2 42,538 1998........ 468,084 413,392 7,824 2 46,866 1999........ 492,599 432,710 8,383 1 51,505 2000........ 519,656 453,997 8,991 170 56,499 2001........ 548,770 477,316 9,673 (4) 61,781 2002........ 580,228 502,411 10,414 (4) 67,402 2003........ 614,714 530,129 11,222 (4) 73,362 2004........ 651,010 559,279 12,112 (4) 79,619 2005........ 691,277 591,908 13,082 (4) 86,287 ------------------------------------------------------------------------------- 1/ Beginning in 1983, includes transfers from general fund of Treasury repre- senting contributions that would have been paid on deemed wage credits for military service in 1957 and later, if such credits were considered to be covered wages. 2/ Includes payments (1) in 1947-51 and in 1966 and later, for costs of non- contributory wage credits for military service performed before 1957; (2) in 1971-82, for costs of deemed wage credits for military service performed after 1956; and (3) in 1968 and later, for costs of benefits to certain uninsured persons who attained age 72 before 1968. 3/ Net interest includes net profits or losses on marketable investments. Beginning in 1967, administrative expenses are charged currently to the trust funds 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. For years prior to 1967, a description of the method of accounting for administrative expenses is contained in the 1970 Annual Report. Beginning in October 1973, the figures shown include relatively small amounts of gifts to the funds. Net interest for 1983-86 reflects payments from a borrowing trust fund to a lending trust fund for interest on amounts owed under the interfund borrowing provisions. During 1983-90, interest paid from the trust funds to the general fund on advance tax transfers is reflected. The amount shown for 1985 includes an interest adjustment of $102.8 million on unnegotiated checks issued before April 1985. 4/ Less than $500,000.
------------------------------------------------------------------------------- Expenditures Assets --------------------------------------- ---------------------- Transfers to Net Adminis- Railroad increase Amount Calendar Benefit trative Retirement during at end of year Total payments1/ expenses program year period ------------------------------------------------------------------------------- Historical data: 1960..... $11,798 $11,245 $240 $314 $647 $22,613 1965..... 19,187 18,311 418 459 -1,331 19,841 1970..... 33,108 31,884 635 589 3,886 38,068 1975..... 69,184 67,022 1,152 1,010 -1,544 44,342 1980..... 123,550 120,598 1,522 1,430 -3,838 26,453 1985..... 190,628 186,075 2,200 2,353 2/ 11,088 42,163 1986..... 201,522 196,667 2,202 2,653 2/ 4,698 46,861 1987..... 209,093 204,106 2,373 2,614 21,946 68,807 1988..... 222,514 217,149 2,513 2,851 40,955 109,762 1989..... 236,242 230,882 2,427 2,934 53,206 162,968 1990..... 253,135 247,816 2,270 3,049 62,309 225,277 1991..... 274,205 268,162 2,587 3,457 55,471 280,747 1992..... 291,865 285,995 2,664 3,206 50,726 331,473 1993..... 308,766 302,368 2,963 3,435 46,812 378,285 1994..... 323,011 316,812 2,674 3,526 58,100 436,385 1995..... 339,815 332,554 3,141 4,120 59,683 496,068 Estimates: 1996..... 354,615 347,949 3,110 3,556 70,301 566,369 1997..... 372,709 365,451 3,420 3,838 71,639 638,008 1998..... 391,321 384,216 3,221 3,884 76,762 714,770 1999..... 411,751 404,387 3,401 3,962 80,848 795,618 2000..... 434,055 426,464 3,533 4,057 85,601 881,220 2001..... 458,211 450,400 3,666 4,145 90,559 971,779 2002..... 484,458 476,413 3,811 4,234 95,769 1,067,548 2003..... 512,981 504,665 3,969 4,347 101,732 1,169,281 2004..... 543,923 535,311 4,139 4,472 107,087 1,276,368 2005..... 577,048 568,130 4,319 4,600 114,229 1,390,597 ------------------------------------------------------------------------------- 1/ Beginning in 1966, includes payments for vocational rehabilitation services furnished to disabled persons receiving benefits because of their disabilities. Beginning in 1983, amounts are reduced by amount of reimbursement for unnegoti- ated benefit checks. 2/ Reflects offset for repayment from the OASI Trust Fund of amounts borrowed from the HI Trust Fund in 1982. The amount repaid in 1985 was $1,824 million; in 1986, the amount was $10,613 million. Note: Totals do not necessarily equal the sums of rounded components.
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