Old-Age, Survivors, and Disability Insurance Trust Funds,
1957-2007 [In millions]
|
Assets |
Calendar year |
Total receipts |
Total expenditures |
Net increase during year |
Assets at end of year |
1957 |
$8,090 |
$7,567 |
$523 |
$23,042 |
1958 |
9,108 |
8,907 |
201 |
23,243 |
1959 |
9,516 |
10,793 |
-1,277 |
21,966 |
1960 |
12,445 |
11,798 |
647 |
22,613 |
1961 |
12,937 |
13,388 |
-451 |
22,162 |
1962 |
13,699 |
15,156 |
-1,457 |
20,705 |
1963 |
16,227 |
16,217 |
10 |
20,715 |
1964 |
17,476 |
17,020 |
456 |
21,172 |
1965 |
17,857 |
19,187 |
-1,331 |
19,841 |
1966 |
23,381 |
20,913 |
2,467 |
22,308 |
1967 |
26,413 |
22,471 |
3,942 |
26,250 |
1968 |
28,493 |
26,015 |
2,479 |
28,729 |
1969 |
33,346 |
27,892 |
5,453 |
34,182 |
1970 |
36,993 |
33,108 |
3,886 |
38,068 |
1971 |
40,908 |
38,542 |
2,366 |
40,434 |
1972 |
45,622 |
43,281 |
2,341 |
42,775 |
1973 |
54,787 |
53,148 |
1,639 |
44,414 |
1974 |
62,066 |
60,593 |
1,472 |
45,886 |
1975 |
67,640 |
69,184 |
-1,544 |
44,342 |
1976 |
75,034 |
78,242 |
-3,209 |
41,133 |
1977 |
81,982 |
87,254 |
-5,272 |
35,861 |
1978 |
91,903 |
96,018 |
-4,115 |
31,746 |
1979 |
105,864 |
107,320 |
-1,456 |
30,291 |
1980 |
119,712 |
123,550 |
-3,838 |
26,453 |
1981 |
142,438 |
144,352 |
-1,914 |
24,539 |
1982 |
147,913 |
160,111 |
239 |
24,778 |
1983 |
171,266 |
171,177 |
89 |
24,867 |
1984 |
186,637 |
180,429 |
6,208 |
31,075 |
1985 |
203,540 |
190,628 |
11,088 |
42,163 |
1986 |
216,833 |
201,522 |
4,698 |
46,861 |
1987 |
231,039 |
209,093 |
21,946 |
68,807 |
1988 |
263,469 |
222,514 |
40,955 |
109,762 |
1989 |
289,448 |
236,242 |
53,206 |
162,968 |
1990 |
315,443 |
253,135 |
62,309 |
225,277 |
1991 |
329,676 |
274,205 |
55,471 |
280,747 |
1992 |
342,591 |
291,865 |
50,726 |
331,473 |
1993 |
355,578 |
308,766 |
46,812 |
378,285 |
1994 |
381,111 |
323,011 |
58,100 |
436,385 |
1995 |
399,497 |
339,815 |
59,683 |
496,068 |
1996 |
424,451 |
353,569 |
70,883 |
566,950 |
1997 |
457,668 |
369,108 |
88,560 |
655,510 |
1998 |
489,204 |
382,255 |
106,950 |
762,460 |
1999 |
526,582 |
392,908 |
133,673 |
896,133 |
2000 |
568,433 |
415,121 |
153,312 |
1,049,445 |
2001 |
602,003 |
438,916 |
163,088 |
1,212,533 |
2002 |
627,085 |
461,653 |
165,432 |
1,377,965 |
2003 |
631,886 |
479,086 |
152,799 |
1,530,764 |
2004 |
657,718 |
501,643 |
156,075 |
1,686,839 |
2005 |
701,758 |
529,938 |
171,821 |
1,858,660 |
2006 |
744,873 |
555,421 |
189,452 |
2,048,112 |
2007 |
784,889 |
594,501 |
190,388 |
2,238,500 |
Note: The annual net increase in the funds is the change
in the assets from the end of one year to the end of the next. In 1982, the
Old-Age and Survivors Insurance (OASI) Trust Fund borrowed money from the Hospital
Insurance Trust Fund, and repaid the borrowed amounts in 1985 and 1986.
For each of these years, the net increase in the funds 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. For trust fund data prior
to 1957, see OASI data (the Disability Trust Fund
was established in 1957).
|
Old-Age, Survivors, and Disability Insurance Trust Funds
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 |
1957 |
$8,090 |
$7,527 |
... |
... |
$563 |
1958 |
9,108 |
8,531 |
... |
... |
577 |
1959 |
9,516 |
8,943 |
... |
... |
572 |
1960 |
12,445 |
11,876 |
... |
... |
569 |
1961 |
12,937 |
12,323 |
... |
... |
614 |
1962 |
13,699 |
13,105 |
... |
... |
594 |
1963 |
16,227 |
15,640 |
... |
... |
587 |
1964 |
17,476 |
16,843 |
... |
... |
633 |
1965 |
17,857 |
17,205 |
... |
... |
651 |
1966 |
23,381 |
22,585 |
... |
$94 |
702 |
1967 |
26,413 |
25,424 |
... |
94 |
896 |
1968 |
28,493 |
27,034 |
... |
414 |
1,045 |
1969 |
33,346 |
31,546 |
... |
458 |
1,342 |
1970 |
36,993 |
34,737 |
... |
465 |
1,791 |
1971 |
40,908 |
38,343 |
... |
538 |
2,027 |
1972 |
45,622 |
42,888 |
... |
526 |
2,208 |
1973 |
54,787 |
51,907 |
... |
494 |
2,386 |
1974 |
62,066 |
58,907 |
... |
499 |
2,660 |
1975 |
67,640 |
64,259 |
... |
515 |
2,866 |
1976 |
75,034 |
71,595 |
... |
717 |
2,722 |
1977 |
81,982 |
78,710 |
... |
741 |
2,531 |
1978 |
91,903 |
88,883 |
... |
757 |
2,264 |
1979 |
105,864 |
103,034 |
... |
675 |
2,155 |
1980 |
119,712 |
116,711 |
... |
670 |
2,330 |
1981 |
142,438 |
139,364 |
... |
843 |
2,231 |
1982 |
147,913 |
145,667 |
... |
854 |
1,391 |
1983 |
171,266 |
156,328 |
... |
6,662 |
8,276 |
1984 |
186,637 |
180,067 |
$3,025 |
105 |
3,440 |
1985 |
203,540 |
194,149 |
3,430 |
3,220 |
2,741 |
1986 |
216,833 |
209,140 |
3,662 |
160 |
3,871 |
1987 |
231,039 |
222,425 |
3,221 |
55 |
5,338 |
1988 |
263,469 |
251,814 |
3,445 |
43 |
8,168 |
1989 |
289,448 |
274,189 |
2,534 |
34 |
12,692 |
1990 |
315,443 |
296,070 |
4,992 |
-2,864 |
17,245 |
1991 |
329,676 |
301,711 |
6,054 |
19 |
21,892 |
1992 |
342,591 |
311,128 |
6,084 |
14 |
25,365 |
1993 |
355,578 |
322,090 |
5,616 |
10 |
27,862 |
1994 |
381,111 |
344,695 |
5,306 |
7 |
31,103 |
1995 |
399,497 |
359,021 |
5,831 |
-332 |
34,977 |
1996 |
424,451 |
378,881 |
6,844 |
7 |
38,718 |
1997 |
457,668 |
405,984 |
7,896 |
2 |
43,787 |
1998 |
489,204 |
430,174 |
9,707 |
1 |
49,323 |
1999 |
526,582 |
459,556 |
11,559 |
(b) |
55,466 |
2000 |
568,433 |
492,484 |
12,314 |
-836 |
64,471 |
2001 |
602,003 |
516,393 |
12,715 |
... |
72,895 |
2002 |
627,085 |
532,471 |
13,839 |
414 |
80,362 |
2003 |
631,886 |
533,519 |
13,441 |
... |
84,926 |
2004 |
657,718 |
553,040 |
15,703 |
1 |
88,975 |
2005 |
701,758 |
592,940 |
14,916 |
-350 |
94,252 |
2006 |
744,873 |
625,594 |
16,858 |
(b) |
102,420 |
2007 |
784,889 |
656,121 |
18,585 |
8 |
110,176 |
a Includes relatively small amounts of gifts to the fund.
b Less than $500,000. |
Old-Age, Survivors, and Disability Insurance Trust Funds Expenditures
[In millions]
Calendar year |
Total expenditures |
Benefit payments a> |
Administrative expenses |
Transfers to Railroad Retirement program |
1957 |
$7,567 |
$7,404 |
$164 |
-$2 |
1958 |
8,907 |
8,576 |
207 |
124 |
1959 |
10,793 |
10,298 |
234 |
260 |
1960 |
11,798 |
11,245 |
240 |
314 |
1961 |
13,388 |
12,749 |
303 |
337 |
1962 |
15,156 |
14,461 |
322 |
372 |
1963 |
16,217 |
15,427 |
348 |
442 |
1964 |
17,020 |
16,223 |
375 |
422 |
1965 |
19,187 |
18,311 |
418 |
459 |
1966 |
20,913 |
20,051 |
393 |
469 |
1967 |
22,471 |
21,417 |
515 |
539 |
1968 |
26,015 |
24,954 |
603 |
458 |
1969 |
27,892 |
26,767 |
612 |
513 |
1970 |
33,108 |
31,884 |
635 |
589 |
1971 |
38,542 |
37,197 |
719 |
626 |
1972 |
43,281 |
41,625 |
907 |
749 |
1973 |
53,148 |
51,508 |
837 |
802 |
1974 |
60,593 |
58,581 |
1,082 |
931 |
1975 |
69,184 |
67,022 |
1,152 |
1,010 |
1976 |
78,242 |
75,759 |
1,244 |
1,239 |
1977 |
87,254 |
84,667 |
1,379 |
1,208 |
1978 |
96,018 |
92,960 |
1,440 |
1,618 |
1979 |
107,320 |
104,359 |
1,483 |
1,477 |
1980 |
123,550 |
120,598 |
1,522 |
1,430 |
1981 |
144,352 |
140,995 |
1,743 |
1,614 |
1982 |
160,111 |
156,182 |
2,109 |
1,820 |
1983 |
171,177 |
166,745 |
2,153 |
2,279 |
1984 |
180,429 |
175,739 |
2,264 |
2,426 |
1985 |
190,628 |
186,075 |
2,200 |
2,353 |
1986 |
201,522 |
196,667 |
2,202 |
2,653 |
1987 |
209,093 |
204,106 |
2,373 |
2,614 |
1988 |
222,514 |
217,149 |
2,513 |
2,851 |
1989 |
236,242 |
230,882 |
2,427 |
2,934 |
1990 |
253,135 |
247,816 |
2,270 |
3,049 |
1991 |
274,205 |
268,162 |
2,587 |
3,457 |
1992 |
291,865 |
285,995 |
2,664 |
3,206 |
1993 |
308,766 |
302,368 |
2,963 |
3,435 |
1994 |
323,011 |
316,812 |
2,674 |
3,526 |
1995 |
339,815 |
332,554 |
3,141 |
4,120 |
1996 |
353,569 |
347,050 |
2,962 |
3,556 |
1997 |
369,108 |
361,952 |
3,409 |
3,747 |
1998 |
382,255 |
374,969 |
3,467 |
3,819 |
1999 |
392,908 |
385,765 |
3,328 |
3,816 |
2000 |
415,121 |
407,635 |
3,788 |
3,698 |
2001 |
438,916 |
431,931 |
3,702 |
3,283 |
2002 |
461,653 |
453,821 |
4,185 |
3,647 |
2003 |
479,086 |
470,778 |
4,562 |
3,747 |
2004 |
501,643 |
493,263 |
4,536 |
3,844 |
2005 |
529,938 |
520,748 |
5,272 |
3,917 |
2006 |
555,421 |
546,238 |
5,337 |
3,846 |
2007 |
594,501 |
584,939 |
5,542 |
4,020 |
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.
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