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.
 Contents Glossary




 

IV. TRUST FUND INCOME AND OUTGO

Table IV.15.—Operations of the Combined OASI and DI Trust Funds
(Calendar years 1975-2000, and calendar quarters 2001-10)
[In millions]
Calendar
period
Income
Disbursements
Interfund
borrowing
transfers 1
Net
increase
in funds
Funds
at end
of period
Net
contri-
butions
Income
from
taxation
of benefits 2
Military
service 3
Payments
to unin-
sured
persons4
Net
interest 5
Total
Benefit
payments 6
Adminis-
trative
expenses
Transfers to
Railroad
Retirement
program
Total
1975
$64,259.0
...
$247.0
$268.3
$2,865.7
$67,640.4
$67,022.9
$1,152.0
$1,010.3
$69,184.6
...
-$1,544.2
$44,341.6
1976
71,594.0
...
481.0
235.9
2,722.2
75,033.8
75,759.6
1,244.0
1,238.7
78,242.4
...
-3,208.7
41,132.9
1977
78,706.9
...
512.7
228.2
2,530.9
81,982.3
84,667.8
1,380.0
1,207.5
87,254.4
...
-5,272.1
35,860.8
1978
88,883.7
...
526.2
230.5
2,264.0
91,903.8
92,958.2
1,440.0
1,618.5
96,018.3
...
-4,114.6
31,746.3
1979
103,033.4
...
510.8
164.1
2,155.5
105,864.1
104,359.4
1,484.0
1,477.4
107,319.8
...
-1,455.7
30,290.5
1980
116,709.8
...
520.5
149.8
2,330.6
119,712.3
120,597.9
1,522.0
1,429.9
123,550.3
...
-3,838.0
26,452.5
1981
139,365.2
...
702.5
140.4
2,231.6
142,438.8
140,994.8
1,743.0
1,614.3
144,352.6
...
-1,913.8
24,538.7
1982
145,668.2
...
715.8
138.7
1,391.4
147,913.3
156,181.3
2,109.0
1,819.7
160,111.1
$12,437.3
239.5
24,778.2
1983
150,261.9
...
12,602.0
124.5
8,275.8
171,265.6
166,744.6
2,153.0
2,278.6
171,176.6
...
89.0
24,867.2
1984
179,194.1
$3,024.9
874.0
105.0
3,440.4
186,636.9
175,739.1
2,264.0
2,425.6
180,428.6
...
6,208.2
31,075.4
1985
193,790.9
3,429.7
3,577.0
...
2,741.5
203,539.9
186,074.8
2,200.0
2,352.8
190,628.0
-1,824.0
11,087.8
42,163.3
1986
208,785.2
3,661.2
356.0
159.7
3,871.1
216,832.6
196,666.1
2,201.9
2,652.8
201,521.5
-10,613.3
4,697.9
46,861.1
1987
222,056.2
3,221.3
368.9
54.6
5,337.6
231,038.7
204,105.9
2,372.9
2,614.2
209,092.9
...
21,945.8
68,807.0
1988
251,502.6
3,445.1
311.0
42.6
8,167.9
263,469.3
217,149.5
2,513.2
2,851.3
222,513.8
...
40,955.5
109,762.5
1989
273,854.5
2,534.0
334.5
34.0
12,691.5
289,448.0
230,882.0
2,428.0
2,933.5
236,242.5
...
53,205.6
162,968.0
1990
295,569.5
4,992.2
-2,389.0
25.5
17,245.3
315,443.4
247,816.0
2,269.3
3,049.2
253,134.9
...
62,308.5
225,276.6
1991
301,318.0
6,054.2
392.9
18.9
21,891.8
329,675.8
268,162.0
2,586.6
3,456.7
274,205.3
...
55,470.6
280,747.1
1992
310,765.5
6,084.1
362.5
14.1
25,365.1
342,591.4
285,994.6
2,664.1
3,206.4
291,865.0
...
50,726.4
331,473.5
1993
321,750.8
5,615.5
339.6
10.1
27,862.0
355,577.9
302,368.2
2,962.6
3,435.4
308,766.2
...
46,811.7
378,285.2
1994
344,358.7
5,305.7
336.8
7.0
31,103.1
381,111.2
316,811.8
2,674.0
3,525.5
323,011.4
...
58,099.8
436,385.0
1995
358,728.9
5,830.7
-40.1
...
34,977.5
399,497.1
332,553.9
3,140.5
4,120.1
339,814.6
...
59,682.5
496,067.5
1996
378,572.0
6,843.9
309.4
7.4
38,718.3
424,451.1
347,050.0
2,962.3
3,556.3
353,568.5
...
70,882.5
566,950.0
1997
405,682.8
7,895.8
300.8
1.8
43,786.9
457,668.0
361,951.9
3,408.6
3,747.2
369,107.7
...
88,560.3
655,510.4
1998
429,891.6
9,707.4
282.0
.7
49,322.7
489,204.4
374,968.6
3,467.0
3,819.1
382,254.7
...
106,949.7
762,460.0
1999
459,291.6
11,559.3
263.9
.4
55,466.2
526,581.6
385,764.6
3,327.8
3,816.0
392,908.4
...
133,673.1
896,133.2
2000
492,475.4
12,314.2
-827.1
...
64,470.6
568,432.9
407,635.0
3,788.1
3,697.6
415,120.7
...
153,312.2
1,049,445.4
2001-I
134,336.7
3,185.4
...
...
188.3
137,710.7
106,859.3
969.8
...
107,829.0
...
29,881.7
1,079,327.3
2001-II
144,473.3
3,223.5
...
...
35,306.1
183,002.6
107,515.6
947.3
3,214.4
111,677.3
...
71,325.3
1,150,652.6
2001-III
122,564.6
3,260.8
525.9
...
144.6
126,496.4
107,827.7
870.4
...
109,694.1
...
16,802.3
1,167,454.9
2001-IV
116,321.7
3,251.6
415.3
-.7
37,106.2
157,094.2
108,551.3
1,109.0
...
109,660.2
...
47,433.9
1,214,888.8
2002-I
141,274.0
3,468.4
...
...
374.8
145,118.3
112,026.3
1,053.4
...
113,079.8
...
32,038.6
1,246,927.4
2002-II
152,502.4
3,491.7
...
...
39,504.5
195,499.1
112,816.8
1,031.0
3,772.5
117,620.3
...
77,878.8
1,324,806.2
2002-III
129,117.9
3,501.3
320.2
...
285.6
133,225.7
113,190.5
946.6
...
114,137.2
...
19,088.5
1,343,894.7
2002-IV
122,924.4
3,524.3
...
...
41,966.5
168,415.7
113,983.9
1,117.3
...
115,101.2
...
53,314.6
1,397,209.2
2003-I
148,802.4
3,768.3
...
...
352.8
152,923.2
117,842.4
1,060.5
...
118,902.9
...
34,020.3
1,431,229.5
2003-II
159,370.8
3,794.2
...
...
44,776.2
207,940.4
118,715.6
1,046.1
3,795.8
123,557.5
...
84,382.9
1,515,612.5
2003-III
135,139.0
3,805.3
303.7
...
313.7
139,560.0
119,144.8
958.2
...
120,103.1
...
19,457.0
1,535,069.4
2003-IV
129,707.6
3,830.4
...
.1
47,363.2
180,901.7
120,004.9
1,144.2
...
121,149.1
...
59,752.6
1,594,822.0
2004-I
154,256.1
4,080.2
...
...
331.2
158,667.5
124,262.5
1,085.6
...
125,348.1
...
33,319.5
1,628,141.5
2004-II
166,849.9
4,111.3
...
...
50,447.5
221,408.9
125,272.9
1,077.0
3,824.3
130,174.1
...
91,234.8
1,719,376.2
2004-III
141,522.6
4,125.3
289.9
...
318.4
146,255.7
125,784.5
984.7
...
126,769.2
...
19,486.6
1,738,862.8
2004-IV
138,502.9
4,153.6
...
...
53,412.6
196,070.2
126,724.0
1,179.0
...
127,903.0
...
68,167.2
1,807,030.0
2005-I
162,236.3
4,382.6
...
...
238.8
166,856.3
131,407.6
1,118.2
...
132,525.8
...
34,330.5
1,841,360.6
2005-II
176,305.0
4,418.1
...
...
56,950.3
237,673.4
132,538.4
1,114.8
3,862.5
137,515.7
...
100,157.7
1,941,518.2
2005-III
151,283.5
4,434.5
293.3
...
301.5
156,314.0
133,126.6
1,017.7
...
134,144.2
...
22,169.8
1,963,688.0
2005-IV
142,159.1
4,466.2
...
...
60,250.6
206,876.6
134,155.7
1,217.9
...
135,373.6
...
71,503.0
2,035,191.1
2006-I
171,785.6
4,709.7
...
...
307.5
176,802.1
139,276.6
1,154.6
...
140,431.3
...
36,370.8
2,071,561.8
2006-II
185,200.2
4,747.8
...
...
63,938.4
253,885.3
140,476.3
1,156.3
3,730.0
145,362.6
...
108,522.8
2,180,084.6
2006-III
157,048.3
4,766.1
296.0
...
287.9
162,397.9
141,112.7
1,054.1
...
142,166.7
...
20,231.1
2,200,315.8
2006-IV
148,988.7
4,801.6
...
...
67,537.9
221,326.5
142,246.8
1,257.3
...
143,504.2
...
77,822.4
2,278,138.1
2007-I
180,830.9
5,070.6
...
...
296.3
186,197.0
147,867.4
1,191.6
...
149,059.0
...
37,137.9
2,315,276.1
2007-II
194,386.9
5,112.4
...
...
71,439.6
270,938.0
149,151.0
1,198.8
4,006.9
154,356.7
...
116,581.3
2,431,857.4
2007-III
164,993.8
5,133.2
299.1
...
277.6
170,703.7
149,854.2
1,091.2
...
150,945.4
...
19,758.3
2,451,615.7
2007-IV
156,389.0
5,175.3
...
...
75,328.6
236,894.0
151,149.5
1,298.0
...
152,447.6
...
84,446.4
2,536,062.1
2008-I
189,284.7
5,479.6
...
...
284.7
195,048.1
157,292.6
1,229.8
...
158,522.4
...
36,525.7
2,572,587.8
2008-II
203,539.0
5,530.1
...
...
79,435.0
288,504.2
158,783.8
1,242.7
4,098.3
164,124.9
...
124,379.3
2,696,967.1
2008-III
172,327.3
5,556.8
302.3
...
267.2
178,453.1
159,632.1
1,129.7
...
160,761.8
...
17,691.3
2,714,658.4
2008-IV
165,087.0
5,608.2
...
...
83,616.6
254,311.9
161,154.4
1,340.6
...
162,495.0
...
91,817.0
2,806,475.4
2009-I
197,971.4
5,963.7
...
...
274.5
204,210.3
167,923.6
1,269.6
...
169,193.3
...
35,017.0
2,841,492.4
2009-II
212,793.2
6,025.4
...
...
87,907.5
306,727.9
169,649.1
1,288.8
4,238.1
175,176.0
...
131,551.9
2,973,044.3
2009-III
179,883.5
6,060.3
305.6
...
257.7
186,506.0
170,661.3
1,169.9
...
171,831.2
...
14,674.7
2,987,719.1
2009-IV
175,811.4
6,124.5
...
...
92,105.6
274,041.3
172,458.6
1,384.4
...
173,843.0
...
100,198.3
3,087,917.3
2010-I
204,950.8
6,529.4
...
...
265.6
211,746.0
179,741.1
1,310.7
...
181,051.8
...
30,694.2
3,118,611.6
2010-II
224,364.6
6,589.8
...
...
96,545.9
327,499.7
181,418.6
1,336.6
4,381.3
187,136.5
...
140,363.2
3,258,974.8
2010-III
191,363.2
6,625.6
309.2
...
242.3
198,539.9
182,451.9
1,211.6
...
183,663.6
...
14,876.3
3,273,851.1
2010-IV
183,258.4
6,701.2
...
...
101,058.0
291,018.3
184,508.7
1,430.2
...
185,938.9
...
105,079.3
3,378,930.4

1 Positive figure represents amounts lent to the OASI Trust Fund from the HI Trust Fund. Negative figures represent amounts repaid from the OASI Trust Fund to the HI Trust Fund. Transfers were not available until November 1982.

2 Income from taxation of benefits was not available until 1984.

3 Paid from the general fund of the Treasury. Includes transfers representing contributions that would have been paid on deemed wage credits for military service performed-traditionally split into "pre-1957" and "post-1956"-if such credits were considered covered wages. In 1983, a change in the financing basis for pre-1957 service resulted in a one-time transfer for past credits-adjustments to the initial 1983 transfer were made in 1985, 1990, 1995, and 2000. Additional adjustments are expected quinquennially thereafter.

4 Paid from the general fund of the Treasury. Includes costs of benefits to certain uninsured persons who attained age 72 before 1968.

5 Net interest includes net profits or losses on marketable investments. 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. Calendar years 1982-86 reflect interest on interfund borrowing. Calendar years 1983-90 reflect interest on advance tax transfers. The amount shown for 1985 includes an interest adjustment of $102.8 million on unnegotiated checks issued before April 1985.

6 Includes payments for vocational rehabilitation services furnished to disabled persons receiving benefits because of their disabilities. Beginning in 1983, relatively small reductions are made for the amount of reimbursement for unnegotiated benefit checks.

Source: All figures computed by adding corresponding OASI and DI amounts.

Note: Future estimates based on 2001 Trustees Report intermediate set of assumptions. See tables V.A11 and V.B11 for low-cost and high-cost alternatives, respectively.

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December 26, 2001