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.9.—Reimbursements to the OASI and DI Trust Funds due to Unnegotiated Checks
(Calendar years 1983-2000, and calendar quarters 2001-10)
[Amounts in millions]
Calendar
period
OASI Trust Fund
DI Trust Fund
  Total
reimbursements
to OASDI
Trust Funds
  Benefit
payments
Unnegotiated check reimbursement
  Benefit
payments
Unnegotiated check reimbursement
  Percent of
benefit
payments
  Amount
  Percent of
benefit
payments
  Amount
1983
$149,502.4
0.193
$288.0
$17,530.2
0.274
$48.0
$336.0
1984
157,862.0
.013
21.0
17,900.1
.017
3.0
24.0
1985
167,359.6
.067
111.8
18,835.9
.047
8.8
120.6
1986
176,844.4
.018
31.6
19,846.8
.013
2.5
34.1
1987
183,644.1
.031
57.6
20,511.5
.038
7.9
65.5
1988
195,521.7
.035
67.7
21,692.2
.052
12.7
80.4
1989
207,977.0
.003
5.9
22,873.4
.003
.8
6.7
1990
222,992.9
.003
6.1
24,803.3
.025
6.3
12.4
1991
240,436.2
-.013
-31.2
27,661.7
.011
3.0
-28.1
1992
254,939.4
.022
56.6
31,091.2
.039
12.2
68.8
1993
267,804.5
.018
49.3
34,597.7
.037
12.9
62.2
1994
279,117.7
.018
49.8
37,716.8
.034
12.8
62.5
1995
291,682.3
.018
51.8
40,898.2
.034
14.0
65.8
1996
302,914.4
.018
53.2
44,173.9
.037
16.3
69.6
1997
316,311.1
.017
54.1
45,659.3
.037
17.1
71.2
1998
326,817.3
.017
55.5
48,173.4
.036
17.3
72.8
1999
334,437.2
.016
53.8
51,331.0
.035
17.7
71.5
2000
352,706.5
.016
55.0
54,938.3
.032
17.7
72.7
2001-I
92,332.2
.015
13.8
14,524.1
.031
4.5
18.4
2001-II
92,845.9
.015
13.9
14,667.3
.031
4.5
18.5
2001-III
93,022.8
.015
14.1
14,791.9
.031
4.6
18.7
2001-IV
93,592.3
.015
14.0
14,958.0
.031
4.6
18.7
2002-I
96,456.5
.014
14.0
15,569.7
.030
4.7
18.7
2002-II
97,072.2
.014
14.1
15,745.1
.030
4.7
18.8
2002-III
97,301.6
.015
14.1
15,889.6
.030
4.8
18.9
2002-IV
97,911.8
.015
14.2
16,073.2
.030
4.8
19.0
2003-I
101,009.6
.014
14.1
16,834.3
.030
5.1
19.2
2003-II
101,665.1
.014
14.2
17,052.2
.030
5.1
19.3
2003-III
101,911.1
.014
14.3
17,235.5
.030
5.2
19.4
2003-IV
102,546.3
.014
14.4
17,460.5
.030
5.2
19.6
2004-I
105,947.7
.014
14.8
18,317.5
.030
5.5
20.3
2004-II
106,719.8
.014
14.9
18,555.6
.030
5.6
20.5
2004-III
107,031.0
.014
15.0
18,755.4
.030
5.6
20.6
2004-IV
107,725.8
.014
15.1
19,000.1
.030
5.7
20.8
2005-I
111,456.1
.014
15.6
19,953.9
.030
6.0
21.6
2005-II
112,326.0
.014
15.7
20,213.5
.030
6.1
21.8
2005-III
112,694.3
.014
15.8
20,430.9
.030
6.1
21.9
2005-IV
113,454.9
.014
15.9
20,696.6
.030
6.2
22.1
2006-I
117,528.0
.014
16.5
21,743.1
.030
6.5
23.0
2006-II
118,447.1
.014
16.6
22,021.1
.030
6.6
23.2
2006-III
118,849.4
.014
16.6
22,252.5
.030
6.7
23.3
2006-IV
119,697.3
.014
16.8
22,536.1
.030
6.8
23.5
2007-I
124,178.6
.014
17.4
23,673.7
.030
7.1
24.5
2007-II
125,168.6
.014
17.5
23,964.4
.030
7.2
24.7
2007-III
125,628.5
.014
17.6
24,204.8
.030
7.3
24.8
2007-IV
126,623.8
.014
17.7
24,501.6
.030
7.4
25.1
2008-I
131,542.2
.014
18.4
25,724.4
.030
7.7
26.1
2008-II
132,731.3
.014
18.6
26,023.5
.030
7.8
26.4
2008-III
133,331.5
.014
18.7
26,269.0
.030
7.9
26.5
2008-IV
134,544.1
.014
18.8
26,575.7
.030
8.0
26.8
2009-I
140,020.2
.014
19.6
27,867.1
.030
8.4
28.0
2009-II
141,478.8
.014
19.8
28,131.4
.030
8.4
28.2
2009-III
142,280.1
.014
19.9
28,340.4
.030
8.5
28.4
2009-IV
143,797.7
.014
20.1
28,617.3
.030
8.6
28.7
2010-I
149,711.6
.014
21.0
29,984.2
.030
9.0
30.0
2010-II
151,088.5
.014
21.2
30,283.9
.030
9.1
30.2
2010-III
151,883.2
.014
21.3
30,523.4
.030
9.2
30.4
2010-IV
153,629.1
.014
21.5
30,835.5
.030
9.3
30.8

Sources:

· Benefit payments shown earlier.

· Historical ratios of unnegotiated check reimbursement to benefit payments computed by dividing corresponding figures; future ratios projected based on historical trend.

· Historical amounts of unnegotiated check reimbursements based on administrative records of the Department of the Treasury, and monthly Statement of Account; future amounts computed by multiplying benefit payments by ratio of reimbursement to benefit payments.

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

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December 26, 2001