Short-Range Actuarial Projections of the Old-Age, Survivors, and Disability Insurance Program, 2001
Actuarial Study No. 115
Chris Motsiopoulos and Tim Zayatz, A.S.A. |
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IV. TRUST FUND INCOME AND OUTGO
Table IV.12.—Net Administrative Expenses from the OASI and DI Trust Funds
(Calendar years 1975-2000, and calendar quarters 2001-10)
[Amounts in millions]
Calendar period |
OASI Trust Fund |
DI Trust Fund |
Total administrative expenses
|
|
Administrative expenses |
|
Administrative expenses |
|
|
|
|
|
$58,508.9 |
0.0154 |
$896.0 |
$8,413.9 |
0.0304 |
$256.0 |
$1,152.0 |
|
65,699.0 |
.0150 |
959.0 |
9,965.7 |
.0286 |
285.0 |
1,244.0 |
|
73,113.1 |
.0138 |
981.0 |
11,462.6 |
.0348 |
399.0 |
1,380.0 |
|
80,352.3 |
.0141 |
1,115.0 |
12,512.9 |
.0260 |
325.0 |
1,440.0 |
|
90,555.7 |
.0125 |
1,113.0 |
13,707.7 |
.0271 |
371.0 |
1,484.0 |
|
105,074.4 |
.0110 |
1,154.0 |
15,437.5 |
.0238 |
368.0 |
1,522.0 |
|
123,795.4 |
.0106 |
1,307.0 |
17,199.4 |
.0253 |
436.0 |
1,743.0 |
|
138,799.8 |
.0109 |
1,519.0 |
17,337.5 |
.0340 |
590.0 |
2,109.0 |
|
149,502.4 |
.0102 |
1,528.0 |
17,530.2 |
.0357 |
625.0 |
2,153.0 |
|
157,862.0 |
.0104 |
1,638.0 |
17,900.1 |
.0350 |
626.0 |
2,264.0 |
|
167,359.6 |
.0095 |
1,592.0 |
18,835.9 |
.0323 |
608.0 |
2,200.0 |
|
176,844.4 |
.0091 |
1,601.4 |
19,846.8 |
.0303 |
600.5 |
2,201.9 |
|
183,644.1 |
.0083 |
1,524.1 |
20,511.5 |
.0414 |
848.8 |
2,372.9 |
|
195,521.7 |
.0091 |
1,776.2 |
21,692.2 |
.0340 |
737.0 |
2,513.2 |
|
207,977.0 |
.0080 |
1,673.7 |
22,873.4 |
.0330 |
754.3 |
2,428.0 |
|
222,992.9 |
.0070 |
1,562.6 |
24,803.3 |
.0285 |
706.7 |
2,269.3 |
|
240,436.2 |
.0075 |
1,792.2 |
27,661.7 |
.0287 |
794.4 |
2,586.6 |
|
254,939.4 |
.0072 |
1,829.8 |
31,091.2 |
.0268 |
834.3 |
2,664.1 |
|
267,804.5 |
.0075 |
1,996.5 |
34,597.7 |
.0279 |
966.1 |
2,962.6 |
|
279,117.7 |
.0059 |
1,645.3 |
37,716.8 |
.0273 |
1,028.7 |
2,674.0 |
|
291,682.3 |
.0071 |
2,076.8 |
40,898.2 |
.0260 |
1,063.7 |
3,140.5 |
|
302,914.4 |
.0059 |
1,801.9 |
44,173.9 |
.0263 |
1,160.4 |
2,962.3 |
|
316,311.1 |
.0067 |
2,128.4 |
45,659.3 |
.0280 |
1,280.2 |
3,408.6 |
|
326,817.3 |
.0058 |
1,899.5 |
48,173.4 |
.0325 |
1,567.5 |
3,467.0 |
|
334,437.2 |
.0054 |
1,808.9 |
51,331.0 |
.0296 |
1,518.9 |
3,327.8 |
|
352,706.5 |
.0061 |
2,149.0 |
54,938.3 |
.0298 |
1,639.1 |
3,788.1 |
|
92,332.2 |
.0066 |
613.2 |
14,524.1 |
.0246 |
356.6 |
969.8 |
|
92,845.9 |
.0054 |
498.3 |
14,667.3 |
.0306 |
449.0 |
947.3 |
|
93,022.8 |
.0052 |
487.3 |
14,791.9 |
.0257 |
383.1 |
870.4 |
|
93,592.3 |
.0073 |
687.3 |
14,958.0 |
.0282 |
421.8 |
1,109.0 |
|
96,456.5 |
.0069 |
661.5 |
15,569.7 |
.0252 |
391.9 |
1,053.4 |
|
97,072.2 |
.0055 |
537.6 |
15,745.1 |
.0313 |
493.4 |
1,031.0 |
|
97,301.6 |
.0054 |
525.7 |
15,889.6 |
.0265 |
421.0 |
946.6 |
|
97,911.8 |
.0069 |
673.0 |
16,073.2 |
.0276 |
444.2 |
1,117.3 |
|
101,009.6 |
.0064 |
647.8 |
16,834.3 |
.0245 |
412.7 |
1,060.5 |
|
101,665.1 |
.0052 |
526.5 |
17,052.2 |
.0305 |
519.6 |
1,046.1 |
|
101,911.1 |
.0051 |
514.8 |
17,235.5 |
.0257 |
443.4 |
958.2 |
|
102,546.3 |
.0066 |
674.7 |
17,460.5 |
.0269 |
469.5 |
1,144.2 |
|
105,947.7 |
.0061 |
649.4 |
18,317.5 |
.0238 |
436.2 |
1,085.6 |
|
106,719.8 |
.0049 |
527.7 |
18,555.6 |
.0296 |
549.2 |
1,077.0 |
|
107,031.0 |
.0048 |
516.0 |
18,755.4 |
.0250 |
468.6 |
984.7 |
|
107,725.8 |
.0063 |
682.3 |
19,000.1 |
.0261 |
496.7 |
1,179.0 |
|
111,456.1 |
.0059 |
656.8 |
19,953.9 |
.0231 |
461.5 |
1,118.2 |
|
112,326.0 |
.0048 |
533.7 |
20,213.5 |
.0287 |
581.0 |
1,114.8 |
|
112,694.3 |
.0046 |
521.9 |
20,430.9 |
.0243 |
495.8 |
1,017.7 |
|
113,454.9 |
.0061 |
692.3 |
20,696.6 |
.0254 |
525.6 |
1,217.9 |
|
117,528.0 |
.0057 |
666.3 |
21,743.1 |
.0225 |
488.3 |
1,154.6 |
|
118,447.1 |
.0046 |
541.5 |
22,021.1 |
.0279 |
614.8 |
1,156.3 |
|
118,849.4 |
.0045 |
529.5 |
22,252.5 |
.0236 |
524.6 |
1,054.1 |
|
119,697.3 |
.0059 |
701.9 |
22,536.1 |
.0246 |
555.4 |
1,257.3 |
|
124,178.6 |
.0054 |
675.6 |
23,673.7 |
.0218 |
516.0 |
1,191.6 |
|
125,168.6 |
.0044 |
549.1 |
23,964.4 |
.0271 |
649.7 |
1,198.8 |
|
125,628.5 |
.0043 |
536.9 |
24,204.8 |
.0229 |
554.3 |
1,091.2 |
|
126,623.8 |
.0056 |
711.4 |
24,501.6 |
.0239 |
586.6 |
1,298.0 |
|
131,542.2 |
.0052 |
684.8 |
25,724.4 |
.0212 |
545.0 |
1,229.8 |
|
132,731.3 |
.0042 |
556.5 |
26,023.5 |
.0264 |
686.2 |
1,242.7 |
|
133,331.5 |
.0041 |
544.2 |
26,269.0 |
.0223 |
585.5 |
1,129.7 |
|
134,544.1 |
.0054 |
720.9 |
26,575.7 |
.0233 |
619.7 |
1,340.6 |
|
140,020.2 |
.0050 |
693.9 |
27,867.1 |
.0207 |
575.8 |
1,269.6 |
|
141,478.8 |
.0040 |
563.9 |
28,131.4 |
.0258 |
724.9 |
1,288.8 |
|
142,280.1 |
.0039 |
551.4 |
28,340.4 |
.0218 |
618.6 |
1,169.9 |
|
143,797.7 |
.0051 |
729.9 |
28,617.3 |
.0229 |
654.6 |
1,384.4 |
|
149,711.6 |
.0047 |
702.5 |
29,984.2 |
.0203 |
608.1 |
1,310.7 |
|
151,088.5 |
.0038 |
570.9 |
30,283.9 |
.0253 |
765.7 |
1,336.6 |
|
151,883.2 |
.0037 |
558.3 |
30,523.4 |
.0214 |
653.3 |
1,211.6 |
|
153,629.1 |
.0048 |
738.7 |
30,835.5 |
.0224 |
691.5 |
1,430.2 |
Sources:
· Benefit payments shown earlier.
· Historical administrative expenses based on SSA administrative records; future expenses projected by regression equation based on time trend and growth in average wages.
· Ratio of administrative expenses to benefit payments computed by dividing corresponding figures.
Note: Future estimates based on 2001 Trustees Report intermediate set of assumptions.
List of Studies
December 26, 2001