------------------------------------------------------------------------------- Income -------------------------------------------------------------- Payments Income from the from taxa- general fund Fiscal Net contri- tion of of the Net year 1/ Total butions2/ benefits Treasury3/ interest4/ ------------------------------------------------------------------------------- Historical data: 1940........ $592 $550 -- -- $42 1945........ 1,434 1,310 -- -- 124 1950........ 2,367 2,106 -- $4 257 1955........ 5,525 5,087 -- -- 438 1960........ 10,360 9,843 -- -- 517 1965........ 16,443 15,857 -- -- 586 1970........ 31,746 29,955 -- 442 1,350 1975........ 58,757 56,017 -- 447 2,292 1980........ 100,051 97,608 -- 557 1,886 1985........ 179,881 175,305 $3,151 105 1,321 1986........ 195,331 187,007 3,329 2,293 2,701 1987........ 206,846 199,554 3,323 69 3,900 1988........ 235,720 226,409 3,335 55 5,922 1989........ 260,457 247,116 3,638 43 9,660 1990........ 278,607 261,506 2,924 34 14,143 1991........ 293,288 270,841 5,790 -2,089 18,746 1992........ 307,102 278,506 6,019 19 22,557 1993........ 319,298 287,569 5,893 14 25,822 1994........ 342,263 308,397 5,351 10 28,505 1995........ 326,067 289,529 5,114 7 31,417 Estimates: 1996........ 356,891 317,201 5,789 -124 34,025 1997........ 379,077 335,185 6,794 3 37,095 1998........ 400,139 352,240 7,253 2 40,644 1999........ 422,701 370,344 7,757 2 44,599 2000........ 443,724 386,563 8,302 1 48,858 2001........ 466,048 403,602 8,909 172 53,366 2002........ 492,637 424,830 9,577 (5) 58,230 2003........ 521,255 447,456 10,299 (5) 63,499 2004........ 551,363 471,092 11,088 (5) 69,183 2005........ 589,856 502,535 11,951 (5) 75,370 ------------------------------------------------------------------------------- 1/ Under the Congressional Budget Act of 1974 (Public Law 93-344), fiscal years 1977 and later consist of the 12 months ending on September 30 of each year. Fiscal years prior to 1977 consisted of the 12 months ending on June 30 of each year. 2/ 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. 3/ Includes payments (1) in 1947-52 and in 1967 and later, for costs of non- contributory wage credits for military service performed before 1957; (2) in 1972-83, for costs of deemed wage credits for military service performed after 1956; and (3) in 1969 and later, for costs of benefits to certain uninsured persons who attained age 72 before 1968. 4/ Net interest includes net profits or losses on marketable investments. Beginning in 1967, administrative expenses are charged currently to the trust fund 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 fund. 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 1983-91, interest paid from the trust fund to the general fund on advance tax transfers is reflected. The amounts shown for 1985 and 1986 include interest adjustments of $76.5 million and $11.5 million, respectively, on unnegotiated checks issued before April 1985. 5/ Less than $500,000.
------------------------------------------------------------------------------- Expenditures Assets --------------------------------------- ---------------------- Transfers to Net Adminis- Railroad increase Amount Fiscal Benefit trative Retirement during at end of year Total payments1/ expenses program year period ------------------------------------------------------------------------------- Historical data: 1940..... $28 $16 $12 -- $564 $1,745 1945..... 267 240 27 -- 1,167 6,613 1950..... 784 727 57 -- 1,583 12,893 1955..... 4,427 4,333 103 -$10 1,098 21,141 1960..... 11,073 10,270 202 600 -713 20,829 1965..... 15,962 15,226 300 436 482 20,180 1970..... 27,321 26,268 474 579 4,425 32,616 1975..... 56,676 54,847 848 982 2,081 39,948 1980..... 103,228 100,626 1,160 1,442 -3,177 24,566 1985..... 169,210 165,310 1,589 2,310 2/ 6,308 33,877 1986..... 178,534 174,340 1,609 2,585 2/ 3,642 37,519 1987..... 186,101 182,003 1,541 2,557 20,745 58,265 1988..... 197,021 192,502 1,729 2,790 38,700 96,964 1989..... 209,102 204,600 1,657 2,845 51,355 148,319 1990..... 223,481 218,948 1,564 2,969 55,126 203,445 1991..... 241,316 236,195 1,746 3,375 51,972 255,417 1992..... 256,239 251,268 1,823 3,148 50,862 306,280 1993..... 269,934 264,561 2,021 3,353 49,364 355,644 1994..... 281,572 276,278 1,874 3,420 60,691 416,335 1995..... 294,456 288,607 1,797 4,052 31,611 447,946 Estimates: 1996..... 306,031 300,454 2,023 3,554 50,860 498,806 1997..... 320,105 314,092 2,231 3,781 58,972 557,778 1998..... 334,649 328,800 2,051 3,797 65,490 623,268 1999..... 350,632 344,660 2,118 3,853 72,070 695,338 2000..... 367,935 361,828 2,175 3,931 75,788 771,127 2001..... 386,707 380,464 2,231 4,012 79,341 850,468 2002..... 407,249 400,869 2,292 4,088 85,388 935,856 2003..... 429,275 422,734 2,359 4,182 91,980 1,027,836 2004..... 452,970 446,250 2,431 4,289 98,393 1,126,229 2005..... 478,404 471,502 2,505 4,397 111,452 1,237,682 ------------------------------------------------------------------------------- 1/ Beginning in 1967, 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 DI and HI Trust Funds in 1982. The amount repaid in 1985 was $4,364 million; in 1986, the amount was $13,155 million. Note: Totals do not necessarily equal the sums of rounded components.
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