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.7.—Reimbursements for Payments to Uninsured Persons Who Attained Age 72 Before 1968
(Fiscal years 1975-2010)
[Amounts in millions]
Year1
Total benefit
payments to
special age-72
beneficiaries
Fraction
reimbursable
(percent)
Reimbursable
benefit
payments to
special age-72
beneficiaries
Adminis-
trative
expenses
Total
principal
Accumu-
lation
factor
Reimbursement
Incurred
Date paid
1975
$215.1
97.0
$208.7
$2.6
$211.3
1.116
$235.9
Dec. 31, 1976
1976
179.6
98.3
176.7
2.2
178.9
1.276
228.2
Dec. 31, 1977
1977
161.6
98.0
158.4
2.2
160.6
1.435
230.5
Dec. 31, 1978
1978
145.2
96.8
140.6
1.6
142.1
1.155
164.1
Dec. 31, 1979
1979
131.2
96.7
126.9
1.3
128.2
1.168
149.8
Dec. 31, 1980
1980
121.1
96.5
116.9
1.1
117.9
1.191
140.4
Dec. 31, 1981
1981
112.9
96.6
109.0
1.0
110.0
1.206
138.7
Dec. 31, 1982
1982
102.3
96.1
98.3
.7
99.0
1.258
124.5
Dec. 31, 1983
1983
89.1
96.2
85.7
.7
86.4
1.215
105.0
Dec. 31, 1984
1984
74.3
95.9
71.2
.6
71.7
1.259
90.3
Jan. 1, 1986
1985
60.1
95.5
57.4
.5
57.9
1.198
69.4
Dec. 31, 1986
1986
49.2
95.3
46.9
.3
47.2
1.157
54.6
Dec. 31, 1987
1987
38.2
95.0
36.3
.2
36.5
1.167
42.6
Dec. 31, 1988
1988
30.3
94.7
28.7
.2
28.9
1.174
34.0
Dec. 31, 1989
1989
23.0
94.4
21.7
.1
21.8
1.167
25.5
Dec. 31, 1990
1990
17.1
93.9
16.1
.1
16.2
1.165
18.9
Dec. 31, 1991
1991
13.0
93.4
12.2
.1
12.2
1.155
14.1
Dec. 31, 1992
1992
9.5
92.8
8.8
.1
8.8
1.138
10.1
Dec. 31, 1993
1993
6.7
92.3
6.2
(2)
6.2
1.131
7.0
Dec. 31, 1994
1994
4.3
91.7
4.0
(2)
4.0
1.140
4.5
Dec. 31, 1995
1995
2.7
90.8
2.5
(2)
2.5
1.134
2.8
Dec. 31, 1996
1996
1.8
90.4
1.6
(2)
1.6
1.134
1.8
Dec. 31, 1997
1997
.7
89.2
.6
(2)
.6
1.131
.7
Dec. 31, 1998
1998
.4
88.6
.3
(2)
.3
1.113
.4
Dec. 31, 1999
1999
-.2
86.6
-.1
(2)
(2)
.000
(2)
Dec. 31, 2000
2000
-.5
87.4
-.5
(2)
-.6
1.125
-.7
Dec. 31, 2001
2001
(2)
87.0
(2)
(2)
(2)
1.102
(2)
Dec. 31, 2002
2002
.1
87.0
(2)
(2)
.1
1.109
.1
Dec. 31, 2003
2003
(2)
...
(2)
(2)
(2)
1.110
(2)
Dec. 31, 2004
2004
(2)
...
(2)
(2)
(2)
1.112
(2)
Dec. 31, 2005
2005
(2)
...
(2)
(2)
(2)
1.114
(2)
Dec. 31, 2006
2006
(2)
...
(2)
(2)
(2)
1.114
(2)
Dec. 31, 2007
2007
(2)
...
(2)
(2)
(2)
1.114
(2)
Dec. 31, 2008
2008
(2)
...
(2)
(2)
(2)
1.114
(2)
Dec. 31, 2009
2009
(2)
...
(2)
(2)
(2)
1.114
(2)
Dec. 31, 2010
2010
(2)
...
(2)
(2)
(2)
1.114
(2)
Dec. 31, 2011

1 Defined as the period October 1-September 30 (see Public Law 93-344).

2 Less than $50,000.

Sources:

· Historical fraction reimbursable, reimbursable benefit payments, and administrative expenses based on SSA administrative records.

· Future fraction reimbursable and administrative expenses projected based on historical trends.

· Future reimbursable benefit payments computed by multiplying total benefit payments by fraction reimbursable.

· Total principal computed as sum of reimbursable benefit payments and administrative expenses.

· Accumulation factor computed from monthly interest rates payable on trust fund investments.

· Incurred reimbursement computed by multiplying total principal by accumulation factor.

Note: Future estimates based on 2001 Trustees Report intermediate set of assumptions.

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December 26, 2001