------------------------------------------------------------------------------- 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: 1940........ $368 $325 -- -- $43 1945........ 1,420 1,285 -- -- 134 1950........ 2,928 2,667 -- $4 257 1955........ 6,167 5,713 -- -- 454 1960........ 11,382 10,866 -- -- 516 1965........ 16,610 16,017 -- -- 593 1970........ 32,220 30,256 -- 449 1,515 1975........ 59,605 56,619 -- 622 2,364 1980........ 105,841 103,355 -- 641 1,845 1985........ 184,239 176,958 $3,208 2,203 1,871 1986........ 197,393 190,741 3,424 160 3,069 1987........ 210,736 202,735 3,257 55 4,690 1988........ 240,770 229,775 3,384 43 7,568 1989........ 264,653 250,195 2,439 34 11,985 1990........ 286,653 267,530 4,848 -2,089 16,363 1991........ 299,286 272,574 5,864 19 20,829 1992........ 311,162 280,992 5,852 14 24,303 1993........ 323,277 290,905 5,335 10 27,027 1994........ 328,271 293,323 4,995 7 29,946 1995........ 342,801 304,620 5,490 -129 32,820 Estimates: 1996........ 363,989 322,028 6,493 7 35,461 1997........ 385,852 340,148 6,896 2 38,805 1998........ 406,674 356,729 7,373 2 42,571 1999........ 427,969 373,390 7,887 1 46,691 2000........ 448,002 388,283 8,442 172 51,105 2001........ 472,852 408,023 9,068 (4) 55,761 2002........ 500,044 429,480 9,747 (4) 60,818 2003........ 529,959 453,178 10,484 (4) 66,297 2004........ 561,595 478,094 11,293 (4) 72,208 2005........ 596,823 505,986 12,174 (4) 78,663 ------------------------------------------------------------------------------- 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 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 1983-90, interest paid from the trust fund to the general fund on advance tax transfers is reflected. The amount shown for 1985 includes an interest adjustment of $88 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: 1940..... $62 $35 $26 -- $306 $2,031 1945..... 304 274 30 -- 1,116 7,121 1950..... 1,022 961 61 -- 1,905 13,721 1955..... 5,079 4,968 119 -$7 1,087 21,663 1960..... 11,198 10,677 203 318 184 20,324 1965..... 17,501 16,737 328 436 -890 18,235 1970..... 29,848 28,798 471 579 2,371 32,454 1975..... 60,395 58,517 896 982 -789 36,987 1980..... 107,678 105,082 1,154 1,442 -1,837 22,824 1985..... 171,150 167,248 1,592 2,310 2/ 8,725 35,842 1986..... 181,000 176,813 1,601 2,585 2/ 3,239 39,081 1987..... 187,668 183,587 1,524 2,557 23,068 62,149 1988..... 200,020 195,454 1,776 2,790 40,750 102,899 1989..... 212,489 207,971 1,673 2,845 52,164 155,063 1990..... 227,519 222,987 1,563 2,969 59,134 214,197 1991..... 245,634 240,467 1,792 3,375 53,652 267,849 1992..... 259,861 254,883 1,830 3,148 51,301 319,150 1993..... 273,104 267,755 1,996 3,353 50,173 369,322 1994..... 284,133 279,068 1,645 3,420 44,138 413,460 1995..... 297,760 291,630 2,077 4,052 45,041 458,502 Estimates: 1996..... 309,204 303,680 1,969 3,554 54,786 513,287 1997..... 323,492 317,518 2,194 3,781 62,359 575,646 1998..... 338,449 332,586 2,065 3,797 68,226 643,872 1999..... 354,737 348,754 2,130 3,853 73,232 717,104 2000..... 372,373 366,255 2,187 3,931 75,628 792,732 2001..... 391,564 385,308 2,244 4,012 81,288 874,020 2002..... 412,441 406,047 2,306 4,088 87,604 961,624 2003..... 434,880 428,324 2,374 4,182 95,079 1,056,704 2004..... 459,070 452,335 2,446 4,289 102,525 1,159,229 2005..... 484,922 478,005 2,521 4,397 111,901 1,271,130 ------------------------------------------------------------------------------- 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 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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