|
Old-Age and Survivors Insurance Trust Fund, 1937-2007
[In millions]
|
Assets |
Calendar
year |
Total
receipts |
Total
expenditures |
Net increase
during year |
Assets at
end of year |
| 1937 |
$767 |
$1 |
$766 |
$766 |
| 1938 |
375 |
10 |
366 |
1,132 |
| 1939 |
607 |
14 |
592 |
1,724 |
| 1940 |
368 |
62 |
306 |
2,031 |
| 1941 |
845 |
114 |
731 |
2,762 |
| 1942 |
1,085 |
159 |
926 |
3,688 |
| 1943 |
1,328 |
195 |
1,132 |
4,820 |
| 1944 |
1,422 |
238 |
1,184 |
6,005 |
| 1945 |
1,420 |
304 |
1,116 |
7,121 |
| 1946 |
1,447 |
418 |
1,029 |
8,150 |
| 1947 |
1,722 |
512 |
1,210 |
9,360 |
| 1948 |
1,969 |
607 |
1,362 |
10,722 |
| 1949 |
1,816 |
721 |
1,094 |
11,816 |
| 1950 |
2,928 |
1,022 |
1,905 |
13,721 |
| 1951 |
3,784 |
1,966 |
1,818 |
15,540 |
| 1952 |
4,184 |
2,282 |
1,902 |
17,442 |
| 1953 |
4,359 |
3,094 |
1,265 |
18,707 |
| 1954 |
5,610 |
3,741 |
1,869 |
20,576 |
| 1955 |
6,167 |
5,079 |
1,087 |
21,663 |
| 1956 |
6,697 |
5,841 |
856 |
22,519 |
| 1957 |
7,381 |
7,507 |
-126 |
22,393 |
| 1958 |
8,117 |
8,646 |
-528 |
21,864 |
| 1959 |
8,584 |
10,308 |
-1,724 |
20,141 |
| 1960 |
11,382 |
11,198 |
184 |
20,324 |
| 1961 |
11,833 |
12,432 |
-599 |
19,725 |
| 1962 |
12,585 |
13,973 |
-1,388 |
18,337 |
| 1963 |
15,063 |
14,920 |
143 |
18,480 |
| 1964 |
16,258 |
15,613 |
645 |
19,125 |
| 1965 |
16,610 |
17,501 |
-890 |
18,235 |
| 1966 |
21,302 |
18,967 |
2,335 |
20,570 |
| 1967 |
24,034 |
20,382 |
3,652 |
24,222 |
| 1968 |
25,040 |
23,557 |
1,483 |
25,704 |
| 1969 |
29,554 |
25,176 |
4,378 |
30,082 |
| 1970 |
32,220 |
29,848 |
2,371 |
32,454 |
| 1971 |
35,877 |
34,542 |
1,335 |
33,789 |
| 1972 |
40,050 |
38,522 |
1,528 |
35,318 |
| 1973 |
48,344 |
47,175 |
1,169 |
36,487 |
| 1974 |
54,688 |
53,397 |
1,291 |
37,777 |
| 1975 |
59,605 |
60,395 |
-790 |
36,987 |
| 1976 |
66,276 |
67,876 |
-1,600 |
35,388 |
| 1977 |
72,412 |
75,309 |
-2,897 |
32,491 |
| 1978 |
78,094 |
83,064 |
-4,971 |
27,520 |
| 1979 |
90,274 |
93,133 |
-2,860 |
24,660 |
| 1980 |
105,841 |
107,678 |
-1,837 |
22,823 |
| 1981 |
125,361 |
126,695 |
-1,334 |
21,490 |
| 1982 |
125,198 |
142,119 |
598 |
22,088 |
| 1983 |
150,584 |
152,999 |
-2,416 |
19,672 |
| 1984 |
169,328 |
161,883 |
7,445 |
27,117 |
| 1985 |
184,239 |
171,150 |
8,725 |
35,842 |
| 1986 |
197,393 |
181,000 |
3,239 |
39,081 |
| 1987 |
210,736 |
187,668 |
23,068 |
62,149 |
| 1988 |
240,770 |
200,020 |
40,750 |
102,899 |
| 1989 |
264,653 |
212,489 |
52,164 |
155,063 |
| 1990 |
286,653 |
227,519 |
59,134 |
214,197 |
| 1991 |
299,286 |
245,634 |
53,652 |
267,849 |
| 1992 |
311,162 |
259,861 |
51,301 |
319,150 |
| 1993 |
323,277 |
273,104 |
50,173 |
369,322 |
| 1994 |
328,271 |
284,133 |
44,138 |
413,460 |
| 1995 |
342,801 |
297,760 |
45,041 |
458,502 |
| 1996 |
363,741 |
308,217 |
55,524 |
514,026 |
| 1997 |
397,169 |
322,073 |
75,096 |
589,121 |
| 1998 |
424,848 |
332,324 |
92,524 |
681,645 |
| 1999 |
457,040 |
339,874 |
117,167 |
798,812 |
| 2000 |
490,513 |
358,339 |
132,174 |
930,986 |
| 2001 |
518,100 |
377,546 |
140,554 |
1,071,540 |
| 2002 |
539,706 |
393,749 |
145,957 |
1,217,497 |
| 2003 |
543,811 |
405,978 |
137,833 |
1,355,330 |
| 2004 |
566,338 |
421,047 |
145,292 |
1,500,622 |
| 2005 |
604,335 |
441,920 |
162,415 |
1,663,037 |
| 2006 |
642,231 |
460,965 |
181,266 |
1,844,304 |
| 2007 |
675,035 |
495,723 |
179,312 |
2,023,616 |
| Note: The annual net increase in the fund is the change
in the assets from the end of one year to the end of the next.
In 1982, the fund borrowed money from the Disability Insurance
and Hospital Insurance Trust Funds, and repaid the
borrowed amounts in 1985 and 1986. For each of these years, the net increase
in the fund is equal to total receipts less total expenditures, plus amounts
borrowed or less amounts repaid. Assets, except for relatively small cash amounts,
are invested in Federal Government securities. |
Old-Age and Survivors Insurance Trust Fund Receipts
[In millions]
Calendar
year |
Total
receipts |
Net
contributions |
Income from
taxation
of benefits |
Payments from the general fund of the Treasury |
Net
interest a |
| 1937 |
$767 |
$765 |
... |
... |
$2 |
| 1938 |
375 |
360 |
... |
... |
15 |
| 1939 |
607 |
580 |
... |
... |
27 |
| 1940 |
368 |
325 |
... |
... |
43 |
| 1941 |
845 |
789 |
... |
... |
56 |
| 1942 |
1,085 |
1,012 |
... |
... |
72 |
| 1943 |
1,328 |
1,239 |
... |
... |
88 |
| 1944 |
1,422 |
1,316 |
... |
... |
107 |
| 1945 |
1,420 |
1,285 |
... |
... |
134 |
| 1946 |
1,447 |
1,295 |
... |
... |
152 |
| 1947 |
1,722 |
1,557 |
... |
$1 |
164 |
| 1948 |
1,969 |
1,685 |
... |
3 |
281 |
| 1949 |
1,816 |
1,666 |
... |
4 |
146 |
| 1950 |
2,928 |
2,667 |
... |
4 |
257 |
| 1951 |
3,784 |
3,363 |
... |
4 |
417 |
| 1952 |
4,184 |
3,819 |
... |
... |
365 |
| 1953 |
4,359 |
3,945 |
... |
... |
414 |
| 1954 |
5,610 |
5,163 |
... |
... |
447 |
| 1955 |
6,167 |
5,713 |
... |
... |
454 |
| 1956 |
6,697 |
6,172 |
... |
... |
526 |
| 1957 |
7,381 |
6,825 |
... |
... |
556 |
| 1958 |
8,117 |
7,566 |
... |
... |
552 |
| 1959 |
8,584 |
8,052 |
... |
... |
532 |
| 1960 |
11,382 |
10,866 |
... |
... |
516 |
| 1961 |
11,833 |
11,285 |
... |
... |
548 |
| 1962 |
12,585 |
12,059 |
... |
... |
526 |
| 1963 |
15,063 |
14,541 |
... |
... |
521 |
| 1964 |
16,258 |
15,689 |
... |
... |
569 |
| 1965 |
16,610 |
16,017 |
... |
... |
593 |
| 1966 |
21,302 |
20,580 |
... |
78 |
644 |
| 1967 |
24,034 |
23,138 |
... |
78 |
818 |
| 1968 |
25,040 |
23,719 |
... |
382 |
939 |
| 1969 |
29,554 |
27,947 |
... |
442 |
1,165 |
| 1970 |
32,220 |
30,256 |
... |
449 |
1,515 |
| 1971 |
35,877 |
33,723 |
... |
488 |
1,667 |
| 1972 |
40,050 |
37,781 |
... |
475 |
1,794 |
| 1973 |
48,344 |
45,975 |
... |
442 |
1,928 |
| 1974 |
54,688 |
52,081 |
... |
447 |
2,159 |
| 1975 |
59,605 |
56,816 |
... |
425 |
2,364 |
| 1976 |
66,276 |
63,362 |
... |
614 |
2,301 |
| 1977 |
72,412 |
69,572 |
... |
613 |
2,227 |
| 1978 |
78,094 |
75,471 |
... |
615 |
2,008 |
| 1979 |
90,274 |
87,919 |
... |
557 |
1,797 |
| 1980 |
105,841 |
103,456 |
... |
540 |
1,845 |
| 1981 |
125,361 |
122,627 |
... |
675 |
2,060 |
| 1982 |
125,198 |
123,673 |
... |
680 |
845 |
| 1983 |
150,584 |
138,337 |
... |
5,541 |
6,706 |
| 1984 |
169,328 |
164,122 |
$2,835 |
105 |
2,266 |
| 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 |
| 1996 |
363,741 |
321,557 |
6,471 |
7 |
35,706 |
| 1997 |
397,169 |
349,946 |
7,426 |
2 |
39,795 |
| 1998 |
424,848 |
371,207 |
9,149 |
1 |
44,491 |
| 1999 |
457,040 |
396,352 |
10,899 |
(b) |
49,789 |
| 2000 |
490,513 |
421,391 |
11,594 |
... |
57,529 |
| 2001 |
518,100 |
441,460 |
11,903 |
... |
64,737 |
| 2002 |
539,706 |
455,199 |
12,909 |
414 |
71,184 |
| 2003 |
543,811 |
456,077 |
12,497 |
... |
75,237 |
| 2004 |
566,338 |
472,758 |
14,593 |
1 |
78,986 |
| 2005 |
604,335 |
506,863 |
13,843 |
-350 |
83,979 |
| 2006 |
642,231 |
534,787 |
15,628 |
(b) |
91,817 |
| 2007 |
675,035 |
560,877 |
17,192 |
(b) |
96,966 |
a Includes relatively small amounts of gifts to the fund.
b Less than $500,000. |
Old-Age and Survivors Insurance Trust Fund Expenditures
[In millions]
Calendar
year |
Total
expenditures |
Benefit
payments a |
Administrative
expenses |
Transfers to Railroad Retirement program |
| 1937 |
$1 |
$1 |
... |
... |
| 1938 |
10 |
10 |
... |
... |
| 1939 |
14 |
14 |
... |
... |
| 1940 |
62 |
35 |
$26 |
... |
| 1941 |
114 |
88 |
26 |
... |
| 1942 |
159 |
131 |
28 |
... |
| 1943 |
195 |
166 |
29 |
... |
| 1944 |
238 |
209 |
29 |
... |
| 1945 |
304 |
274 |
30 |
... |
| 1946 |
418 |
378 |
40 |
... |
| 1947 |
512 |
466 |
46 |
... |
| 1948 |
607 |
556 |
51 |
... |
| 1949 |
721 |
667 |
54 |
... |
| 1950 |
1,022 |
961 |
61 |
... |
| 1951 |
1,966 |
1,885 |
81 |
... |
| 1952 |
2,282 |
2,194 |
88 |
... |
| 1953 |
3,094 |
3,006 |
88 |
... |
| 1954 |
3,741 |
3,670 |
92 |
-$21 |
| 1955 |
5,079 |
4,968 |
119 |
-7 |
| 1956 |
5,841 |
5,715 |
132 |
-5 |
| 1957 |
7,507 |
7,347 |
162 |
-2 |
| 1958 |
8,646 |
8,327 |
194 |
124 |
| 1959 |
10,308 |
9,842 |
184 |
282 |
| 1960 |
11,198 |
10,677 |
203 |
318 |
| 1961 |
12,432 |
11,862 |
239 |
332 |
| 1962 |
13,973 |
13,356 |
256 |
361 |
| 1963 |
14,920 |
14,217 |
281 |
423 |
| 1964 |
15,613 |
14,914 |
296 |
403 |
| 1965 |
17,501 |
16,737 |
328 |
436 |
| 1966 |
18,967 |
18,267 |
256 |
444 |
| 1967 |
20,382 |
19,468 |
406 |
508 |
| 1968 |
23,557 |
22,643 |
476 |
438 |
| 1969 |
25,176 |
24,210 |
474 |
491 |
| 1970 |
29,848 |
28,798 |
471 |
579 |
| 1971 |
34,542 |
33,414 |
514 |
613 |
| 1972 |
38,522 |
37,124 |
674 |
724 |
| 1973 |
47,175 |
45,745 |
647 |
783 |
| 1974 |
53,397 |
51,623 |
865 |
909 |
| 1975 |
60,395 |
58,517 |
896 |
982 |
| 1976 |
67,876 |
65,705 |
959 |
1,212 |
| 1977 |
75,309 |
73,121 |
981 |
1,208 |
| 1978 |
83,064 |
80,361 |
1,115 |
1,589 |
| 1979 |
93,133 |
90,573 |
1,113 |
1,448 |
| 1980 |
107,678 |
105,083 |
1,154 |
1,442 |
| 1981 |
126,695 |
123,803 |
1,307 |
1,585 |
| 1982 |
142,119 |
138,806 |
1,519 |
1,793 |
| 1983 |
152,999 |
149,221 |
1,528 |
2,251 |
| 1984 |
161,883 |
157,841 |
1,638 |
2,404 |
| 1985 |
171,150 |
167,248 |
1,592 |
2,310 |
| 1986 |
181,000 |
176,813 |
1,601 |
2,585 |
| 1987 |
187,668 |
183,587 |
1,524 |
2,557 |
| 1988 |
200,020 |
195,454 |
1,776 |
2,790 |
| 1989 |
212,489 |
207,971 |
1,673 |
2,845 |
| 1990 |
227,519 |
222,987 |
1,563 |
2,969 |
| 1991 |
245,634 |
240,467 |
1,792 |
3,375 |
| 1992 |
259,861 |
254,883 |
1,830 |
3,148 |
| 1993 |
273,104 |
267,755 |
1,996 |
3,353 |
| 1994 |
284,133 |
279,068 |
1,645 |
3,420 |
| 1995 |
297,760 |
291,630 |
2,077 |
4,052 |
| 1996 |
308,217 |
302,861 |
1,802 |
3,554 |
| 1997 |
322,073 |
316,257 |
2,128 |
3,688 |
| 1998 |
332,324 |
326,762 |
1,899 |
3,662 |
| 1999 |
339,874 |
334,383 |
1,809 |
3,681 |
| 2000 |
358,339 |
352,652 |
2,149 |
3,538 |
| 2001 |
377,546 |
372,312 |
1,961 |
3,273 |
| 2002 |
393,749 |
388,119 |
2,137 |
3,493 |
| 2003 |
405,978 |
399,845 |
2,553 |
3,580 |
| 2004 |
421,047 |
415,034 |
2,384 |
3,628 |
| 2005 |
441,920 |
435,383 |
2,957 |
3,579 |
| 2006 |
460,965 |
454,496 |
3,010 |
3,458 |
| 2007 |
495,723 |
489,074 |
3,075 |
3,575 |
|
a 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
unnegotiated benefit checks.
|
|
www.socialsecurity.gov
