Data on OASI receipts and expenditures follow the summary table below.
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 |
2008 | 695,462 | 516,192 | 179,270 | 2,202,886 |
2009 | 698,208 | 564,295 | 133,912 | 2,336,798 |
2010 | 677,111 | 584,866 | 92,245 | 2,429,043 |
2011 | 698,781 | 603,750 | 95,031 | 2,524,075 |
2012 | 731,075 | 645,482 | 85,593 | 2,609,668 |
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. |
Calendar year |
Total receipts |
Net payroll tax contributions |
Income from taxation of benefits |
General Fund Reimbursements a | Net interest b |
---|---|---|---|---|---|
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 | 159,515 | 2,835 | 4,712 | 2,266 |
1985 | 184,239 | 175,128 | 3,208 | 4,032 | 1,871 |
1986 | 197,393 | 189,136 | 3,424 | 1,764 | 3,069 |
1987 | 210,736 | 201,092 | 3,257 | 1,697 | 4,690 |
1988 | 240,770 | 227,683 | 3,384 | 2,134 | 7,568 |
1989 | 264,653 | 248,128 | 2,439 | 2,101 | 11,985 |
1990 | 286,653 | 266,110 | 4,848 | -668 | 16,363 |
1991 | 299,286 | 272,477 | 5,864 | 115 | 20,829 |
1992 | 311,162 | 281,132 | 5,852 | -126 | 24,303 |
1993 | 323,277 | 290,865 | 5,335 | 50 | 27,027 |
1994 | 328,271 | 293,316 | 4,995 | 13 | 29,946 |
1995 | 342,801 | 304,659 | 5,490 | -168 | 32,820 |
1996 | 363,741 | 321,555 | 6,471 | 9 | 35,706 |
1997 | 397,169 | 349,945 | 7,426 | 3 | 39,795 |
1998 | 424,848 | 371,206 | 9,149 | 2 | 44,491 |
1999 | 457,040 | 396,352 | 10,899 | 1 | 49,789 |
2000 | 490,513 | 421,390 | 11,594 | 1 | 57,529 |
2001 | 518,100 | 441,458 | 11,903 | 1 | 64,737 |
2002 | 539,706 | 455,198 | 12,909 | 415 | 71,184 |
2003 | 543,811 | 456,077 | 12,497 | (c) | 75,237 |
2004 | 566,338 | 472,758 | 14,593 | 1 | 78,986 |
2005 | 604,335 | 506,862 | 13,843 | -350 | 83,979 |
2006 | 642,231 | 534,786 | 15,628 | (c) | 91,817 |
2007 | 675,035 | 560,877 | 17,192 | (c) | 96,966 |
2008 | 695,462 | 574,555 | 15,566 | (c) | 105,340 |
2009 | 698,208 | 570,392 | 19,930 | (c) | 107,886 |
2010 | 677,111 | 544,773 | 22,090 | 2,042 | 108,206 |
2011 | 698,781 | 482,350 | 22,211 | 87,753 | 106,468 |
2012 | 731,075 | 503,893 | 26,675 | 97,735 | 102,773 |
aIncludes reimbursements from the General Fund of the Treasury to the OASI Trust Fund for: (1)
the cost of noncontributory wage credits for military service before 1957; (2) the cost in 1971-82 of deemed wage credits for
military service performed after 1956; (3) the cost of benefits to certain uninsured persons who attained age 72 before
1968; (4) the cost of payroll tax credits provided to employees in 1984 and self-employed persons in
1984-89 by Public Law 98-21; (5) the cost in 2009-12 of excluding certain self-employment
earnings from SECA taxes under Public Law 110-246; and (6) payroll tax revenue forgone under the provisions of
Public Laws 111-147, 111-312, 112-78, and 112-96. b Includes relatively small amounts of gifts to the fund. c Less than $500,000. |
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 |
2008 | 516,192 | 509,337 | 3,223 | 3,632 |
2009 | 564,295 | 557,166 | 3,439 | 3,690 |
2010 | 584,866 | 577,393 | 3,543 | 3,930 |
2011 | 603,750 | 596,155 | 3,486 | 4,110 |
2012 | 645,482 | 637,894 | 3,448 | 4,139 |
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. |