------------------------------------------------------------------------------- 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: 1960........ $1,034 $987 -- -- $47 1965........ 1,237 1,175 -- -- 62 1970........ 4,380 4,141 -- $16 223 1975........ 7,920 7,356 -- 52 512 1980........ 17,376 16,805 -- 118 453 1985........ 17,984 16,876 $217 -- 891 1986........ 20,130 18,139 229 1,017 746 1987........ 20,047 19,324 5/ -16 -- 738 1988........ 22,369 21,736 56 -- 577 1989........ 24,479 23,694 135 -- 650 1990........ 28,215 27,291 158 -- 766 1991........ 29,322 28,953 131 -775 1,014 1992........ 31,168 29,871 218 -- 1,080 1993........ 32,056 30,822 268 -- 966 1994........ 34,044 33,041 305 -- 699 1995........ 70,209 67,987 335 -- 1,888 Estimates: 1996........ 59,328 56,696 370 -203 2,465 1997........ 58,775 54,984 401 -- 3,390 1998........ 60,406 55,945 441 -- 4,020 1999........ 63,881 58,833 485 -- 4,563 2000........ 70,118 64,501 535 -- 5,082 2001........ 74,844 68,543 591 -2 5,712 2002........ 79,106 72,143 652 -- 6,311 2003........ 83,538 75,978 720 -- 6,841 2004........ 88,054 79,994 798 -- 7,261 2005........ 93,756 85,336 885 -- 7,535 ------------------------------------------------------------------------------- 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 1967 and later, for costs of non-contributory wage credits for military service performed before 1957; and (2) in 1972-83, for costs of deemed wage credits for military service performed after 1956. 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 July 1974, 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 amount shown for 1985 includes an interest adjustment of $14.8 million on unnegotiated checks issued before April 1985. 5/ Reflects $195 million in transfers from the DI Trust Fund to the general fund of the Treasury to correct estimated amounts transferred for calendar years 1984 and 1985.
------------------------------------------------------------------------------- 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: 1960..... $533 $528 $32 -$27 $501 $2,167 1965..... 1,495 1,392 79 24 -257 2,007 1970..... 2,954 2,795 149 10 1,426 5,104 1975..... 7,982 7,701 253 29 -62 8,191 1980..... 15,320 14,998 334 -12 2,056 7,680 1985..... 19,294 18,648 603 43 2/ 1,230 5,873 1986..... 20,196 19,529 600 68 2/ 2,475 8,348 1987..... 21,222 20,427 738 57 -1,175 7,173 1988..... 22,269 21,405 803 61 100 7,273 1989..... 23,389 22,550 751 88 1,090 8,363 1990..... 25,124 24,327 717 80 3,091 11,455 1991..... 27,780 26,909 789 82 1,543 12,997 1992..... 31,285 30,382 845 58 -116 12,881 1993..... 34,632 33,615 935 83 -2,576 10,305 1994..... 37,979 36,851 1,022 106 -3,935 6,370 1995..... 41,374 40,234 1,072 68 28,835 35,206 Estimates: 1996..... 44,422 43,324 1,096 2 14,906 50,112 1997..... 48,341 47,031 1,253 57 10,435 60,547 1998..... 51,904 50,688 1,129 87 8,503 69,049 1999..... 55,992 54,627 1,255 109 7,889 76,939 2000..... 60,513 59,057 1,331 126 9,605 86,543 2001..... 65,403 63,865 1,405 133 9,441 95,985 2002..... 70,673 69,041 1,486 147 8,433 104,417 2003..... 76,537 74,797 1,575 165 7,001 111,418 2004..... 83,158 81,304 1,671 183 4,895 116,314 2005..... 90,296 88,318 1,775 203 3,460 119,774 ------------------------------------------------------------------------------- 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 repayment from the OASI Trust Fund of amounts borrowed from the DI Trust Fund in 1982. The amount repaid in 1985 was $2,540 million; in 1986, the amount was $2,541 million. Note: Totals do not necessarily equal the sums of rounded components.
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