2005 OASDI Trustees Report

Contents Previous Next List of Tables List of Figures Index

VI. APPENDICES

C. FISCAL YEAR HISTORICAL DATA AND
PROJECTIONS THROUGH 2014

Tables VI.C1, VI.C2, and VI.C3 present detailed operations of the OASI, DI, and the combined OASI and DI Trust Funds, respectively, for fiscal year 2004, the most recent fiscal year for which complete actual information is available. These tables are similar to the calendar year operations tables in section III.A. Please see that section for a description of the various items of income and outgo.

Table VI.C1.—Operations of the OASI Trust Fund, Fiscal Year 2004 

[In millions]


Total assets, September 30, 2003
 
$1,313,080
Receipts:
 
Contributions:
 
 
 
 
Employment taxes
$467,016
 
 
 
Payments from the General Fund of the Treasury for:
Contributions subject to refund
-834
 
 
 
 
Employee-employer contributions on deemed wage credits for
military service as specified by P.L. 108-203
625
 
 

 
 
Net contributions
 
466,807
 

Income based on taxation of benefit payments:
 
 
 
 
Withheld from benefit payments to nonresident aliens
148
 
 
 
All other, not subject to withholding
13,121
 
 
 
 
Total income from taxation of benefits
 
13,269
 

Reimbursement from the general fund for costs of payments
to uninsured persons who attained age 72 before 1968
 
1
 
Investment income and interest adjustments:
 
 
 
 
Interest on investments
76,441
 
 
Interest adjustments 1
6
 
 
 
 
Total investment income and interest adjustments
 
76,446
 
Gifts
 
2/
Total receipts
 
556,523

Disbursements:
 
 
 
Benefit payments:
 
 
 
 
Gross benefit payments
412,151
 
 
 
Offset for collected overpayments
-953
 
 
 
Reimbursement from the general fund for unnegotiated checks
-50
 
 
 
 
Net benefit payments
 
411,148
 

Transfer to the Railroad Retirement "Social Security Equivalent Benefit Account"
 
3,628
 
Payment for costs of vocational rehabilitation services for disabled beneficiaries
 
3
 
Administrative expenses:
 
 
 
 
Costs incurred by:
 
 
 
 
 
Social Security Administration
1,992
 
 
 
 
Department of the Treasury
296
 
 
 
Offsetting receipts from sales of supplies, materials, etc.
-1
 
 
 
Miscellaneous reimbursements from the general fund 3
-13
 
 
 
 
Net administrative expenses
 
2,274
Total disbursements
 
417,053
Net increase in assets
 
139,470
Total assets, September 30, 2004
 
1,452,550

1Includes (1) interest on transfers between the trust fund and the general fund account for the Supplemental Security Income program due to adjustments in the allocation of administrative expenses, (2) interest arising from the revised allocation of administrative expenses among the trust funds and (3) interest on reimbursements to the trust fund for costs associated with union activities and pension reform.

2Less than $500,000.

3Reimbursements for costs incurred in performing certain legislatively mandated activities not directly related to administering the OASI program.

Note: Totals do not necessarily equal the sums of rounded components.

Table VI.C2.—Operations of the DI Trust Fund, Fiscal Year 2004 

[In millions]


Total assets, September 30, 2003
 
$171,260
Receipts:
 
 
 
Contributions:
 
 
 
 
Employment taxes
$79,309
 
 
 
Payments from the General Fund of the Treasury for:
Contributions subject to refund
-145
 
 
 
 
Employee-employer contributions on deemed wage credits for
military service as specified by P.L. 108-203
105
 
 
 
 

Net contributions
 
79,269
 

Income based on taxation of benefit payments:
 
 
 
 
Withheld from benefit payments to nonresident aliens
5
 
 
 
All other, not subject to withholding
1,042
 
 
 
 
Total income from taxation of benefits
 
1,047
 

Investment income and interest adjustments:
 
 
 
 
Interest on investments
9,786
 
 
 
Interest adjustments1
2
 
 
 
 
Total investment income and interest adjustments
 
9,789
Total receipts
 
90,105

Disbursements:
 
 
 
Benefit payments:
 
 
 
 
Gross benefit payments
76,645
 
 
 
Offset for collected overpayments
-484
 
 
 
Reimbursement from the general fund for unnegotiated checks
-22
 
 
 
 
Net benefit payments
 
76,139
 

Transfer to the Railroad Retirement "Social Security Equivalent Benefit Account"
 
215
 
Payment for costs of vocational rehabilitation services for disabled beneficiaries
 
47
 
Administrative expenses:
 
 
 
 
Costs incurred by:
 
 
 
 
 
Social Security Administration
2,019
 
 
 
 
Department of the Treasury
53
 
 
 
Miscellaneous reimbursements from the general fund 2
-2
 
 
 
 
Net administrative expenses
 
2,070
Total disbursements
 
78,471
Net increase in assets
 
11,634
Total assets, September 30, 2004
 
182,893

1Includes (1) interest on transfers between the trust fund and the general fund account for the Supplemental Security Income program due to adjustments in the allocation of administrative expenses, (2) interest arising from the revised allocation of administrative expenses among the trust funds, and (3) interest on reimbursements to the trust fund for costs associated with union activities and pension reform.

2Reimbursements for costs incurred in performing certain legislatively mandated activities not directly related to administering the DI program.

Note: Totals do not necessarily equal the sums of rounded components.

Table VI.C3.—Operations of the Combined OASI and DI Trust Funds, Fiscal Year 2004 

[In millions]


Total assets, September 30, 2003
 
$1,484,340
Receipts:
 
 
 
Contributions:
 
 
 
 
Employment taxes
$546,325
 
 
 
Payments from the General Fund of the Treasury for:
Contributions subject to refund
-980
 
 
 
 
Employee-employer contributions on deemed wage credits for
military service as specified by P.L. 108-203
730
 
 
 
 

Net contributions
 
546,076
 

Income based on taxation of benefit payments:
 
 
 
 
Withheld from benefit payments to nonresident aliens
153
 
 
 
All other, not subject to withholding
14,163
 
 
 
 
Total income from taxation of benefits
 
14,316
 

Reimbursement from the general fund for costs of payments to unin-
sured persons who attained age 72 before 1968
 
1
 
Investment income and interest adjustments:
 
 
 
 
Interest on investments
86,227
 
 
 
Interest adjustments1
8
 
 
 
 
Total investment income and interest adjustments
 
86,235
 
Gifts
 
2/
Total receipts
 
646,628

Disbursements:
 
 
 
Benefit payments:
 
 
 
 
Gross benefit payments
488,796
 
 
 
Offset for collected overpayments
-1,437
 
 
 
Reimbursement from the general fund for unnegotiated checks
-72
 
 
 
 
Net benefit payments
 
487,287
 

Transfer to the Railroad Retirement "Social Security Equivalent Benefit Account"
 
3,844
 
Payment for costs of vocational rehabilitation services for disabled beneficiaries
 
50
 
Administrative expenses:
 
 
 
 
Costs incurred by:
 
 
 
 
 
Social Security Administration
4,011
 
 
 
 
Department of the Treasury
349
 
 
 
Offsetting receipts from sales of supplies, materials, etc.
-1
 
 
 
Miscellaneous reimbursements from the general fund3
-15
 
 
 
 
Net administrative expenses
 
4,344
Total disbursements
 
495,525
Net increase in assets
 
151,103
Total assets, September 30, 2004
 
1,635,443

1Includes (1) interest on transfers between the trust funds and the general fund account for the Supplemental Security Income program due to adjustments in the allocation of administrative expenses, (2) interest arising from the revised allocation of administrative expenses among the trust funds, and (3) interest on reimbursements to the trust fund for costs associated with union activities and pension reform.

2Less than $500,000.

3Reimbursements for costs incurred in performing certain legislatively mandated activities not directly related to administering the OASI and DI programs.

Note: Totals do not necessarily equal the sums of rounded components.

Estimates of the operations and status of the OASI, DI and the combined OASI and DI Trust Funds during fiscal years (12 months ending on September 30) 2000-14 are presented in tables VI.C4, VI.C5 and VI.C6, respectively.

Table VI.C4.—Operations of the OASI Trust Fund in Fiscal Years 2000-14

[Amounts in billions]

Fiscal year
Income 
 
Cost
 
Assets
Total1
Net
contri-
butions
Taxa-
tion of
benefits
Net
inter-
est 
Total
Benefit
pay-
ments 
Admin-
istra-
tive costs
RRB
inter-
change
Net
increase
during
year
Amount
at end
of year
Trust
fund
ratio 2
Historical data:
 
2000
$484.2
$418.2
$12.5
$53.5
 
$353.4
$347.9
$2.0
$3.5
 
$130.8
$893.0
216
 
2001
513.8
440.8
11.8
61.2
 
373.0
367.7
2.1
3.3
 
140.8
1,033.8
239
 
2002
529.3
448.1
12.6
68.1
 
389.5
383.9
2.1
3.5
 
139.7
1,173.6
265
 
2003
542.3
456.0
12.3
74.0
 
402.8
396.7
2.5
3.6
 
139.5
1,313.1
291
 
2004
556.5
466.8
13.3
76.4
 
417.1
411.2
2.3
3.6
 
139.5
1,452.6
315
Intermediate:
 
2005
590.3
493.4
15.4
81.6
 
435.6
429.1
2.9
3.5
 
154.7
1,607.3
333
 
2006
624.0
522.8
14.8
86.4
 
452.2
445.7
3.1
3.5
 
171.7
1,779.0
355
 
2007
660.2
548.9
16.2
95.0
 
471.4
464.7
3.0
3.7
 
188.8
1,967.8
377
 
2008
699.8
575.5
18.8
105.5
 
494.9
488.3
2.9
3.7
 
204.9
2,172.7
398
 
2009
739.9
602.8
19.7
117.5
 
523.0
516.4
2.9
3.7
 
217.0
2,389.7
415
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2010
786.5
635.3
21.3
129.9
 
555.4
548.7
2.9
3.8
 
231.1
2,620.7
430
 
2011
836.0
667.4
24.8
143.8
 
591.8
585.2
3.0
3.7
 
244.2
2,864.9
443
 
2012
882.6
696.4
28.1
158.1
 
632.4
625.5
3.0
3.9
 
250.1
3,115.0
453
 
2013
931.5
727.5
31.2
172.8
 
677.4
670.3
3.1
4.1
 
254.1
3,369.1
460
 
2014
980.9
759.0
33.8
188.1
 
726.3
718.9
3.1
4.2
 
254.6
3,623.7
464
Low Cost:
 
2005
590.5
493.5
15.4
81.6
 
435.4
428.9
2.9
3.5
 
155.1
1,607.6
334
 
2006
624.6
523.5
14.7
86.3
 
451.0
444.4
3.1
3.5
 
173.6
1,781.2
356
 
2007
659.4
549.2
16.1
94.1
 
468.0
461.3
3.0
3.7
 
191.4
1,972.6
381
 
2008
698.2
576.1
18.5
103.6
 
487.1
480.5
2.9
3.6
 
211.1
2,183.7
405
 
2009
736.8
603.3
19.2
114.4
 
509.5
502.9
2.9
3.6
 
227.3
2,411.0
429
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2010
782.3
635.6
20.5
126.1
 
535.7
529.1
2.9
3.6
 
246.6
2,657.7
450
 
2011
830.7
667.3
23.7
139.7
 
565.2
558.8
2.9
3.5
 
265.5
2,923.2
470
 
2012
875.9
695.4
26.5
154.0
 
598.3
591.6
2.9
3.7
 
277.6
3,200.9
489
 
2013
923.8
724.8
29.2
169.7
 
635.0
628.3
3.0
3.8
 
288.7
3,489.6
504
 
2014
971.7
754.0
31.4
186.2
 
675.0
668.1
3.0
3.9
 
296.7
3,786.3
517
High Cost:
 
2005
587.0
490.2
15.4
81.4
 
435.7
429.2
2.9
3.5
 
151.3
1,603.9
333
 
2006
602.6
504.0
14.9
83.8
 
454.6
448.1
3.1
3.5
 
148.0
1,751.9
353
 
2007
646.4
536.1
16.4
93.9
 
476.3
469.6
3.0
3.7
 
170.0
1,922.0
368
 
2008
683.3
560.4
19.1
103.9
 
501.7
495.1
2.9
3.7
 
181.6
2,103.5
383
 
2009
721.6
585.7
20.2
115.7
 
537.7
531.0
3.0
3.8
 
183.9
2,287.4
391
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2010
798.2
637.3
22.5
138.4
 
585.9
578.9
3.1
3.9
 
212.3
2,499.7
390
 
2011
867.0
680.0
26.9
160.1
 
640.4
633.3
3.2
4.0
 
226.6
2,726.3
390
 
2012
921.2
714.7
30.9
175.5
 
696.8
689.1
3.2
4.4
 
224.4
2,950.7
391
 
2013
973.5
750.6
34.7
188.2
 
753.8
745.8
3.3
4.7
 
219.8
3,170.4
391
 
2014
1,025.4
786.2
37.9
201.3
 
814.4
806.1
3.4
5.0
 
211.0
3,381.4
389

1"Total Income" column includes transfers made between the OASI Trust Fund and the General Fund of the Treasury that are not included in the separate components of income shown. These transfers consist of payments for (1) the cost of noncontributory wage credits for military service before 1957, and (2) the cost of benefits to certain uninsured persons who attained age 72 before 1968. In February 2002, $414 million was transferred from the General Fund of the Treasury to the OASI Trust Fund for the cost of pre-1957 military service wage credits. Such transfers are estimated to be less than $500,000 in each year of the projection period.

2The "Trust fund ratio" column represents assets at the beginning of a year (which are identical to assets at the end of the prior year shown in the "Amount at end of year" column) as a percentage of cost for the year.

Note: Totals do not necessarily equal the sums of rounded components.

Table VI.C5.—Operations of the DI Trust Fund in Fiscal Years 2000-14

[Amounts in billions]

Fiscal year
Income 
 
Cost
 
Assets
Total1
Net
contri-
butions
Taxa-
tion of
benefits
Net
inter-
est 
Total
Benefit
pay-
ments 
Admin-
istra-
tive costs
RRB
inter-
change
Net
increase
during
year
Amount
at end
of year
Trust
fund
ratio 2
Historical data:
 
2000
$77.0
$70.0
$0.8
$6.3
 
$56.0
$54.2
$1.6
$0.2
 
$21.0
$113.8
166
 
2001
82.1
74.6
.7
7.6
 
59.9
58.2
1.8
3/
 
22.1
135.9
190
 
2002
85.7
76.1
.9
8.7
 
66.4
64.2
2.0
.2
 
19.4
155.3
205
 
2003
87.9
77.4
.9
9.6
 
71.9
69.8
2.0
.2
 
16.0
171.3
216
 
2004
90.1
79.3
1.0
9.8
 
78.5
76.2
2.1
.2
 
11.6
182.9
218
Intermediate:
 
2005
95.1
83.8
1.2
10.1
 
85.1
82.5
2.3
.3
 
9.9
192.8
215
 
2006
100.3
88.8
1.2
10.3
 
90.4
87.7
2.4
.3
 
9.9
202.7
213
 
2007
105.3
93.2
1.3
10.8
 
96.0
93.4
2.3
.3
 
9.3
212.0
211
 
2008
110.6
97.7
1.6
11.3
 
102.5
99.6
2.5
.4
 
8.1
220.1
207
 
2009
115.8
102.4
1.7
11.7
 
110.6
107.6
2.6
.4
 
5.1
225.2
199
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2010
121.7
107.9
1.9
11.9
 
116.9
113.7
2.8
.4
 
4.8
230.0
193
 
2011
127.8
113.3
2.2
12.2
 
122.8
119.4
2.9
.4
 
5.0
235.0
187
 
2012
133.3
118.3
2.6
12.5
 
130.4
126.8
3.1
.5
 
3.0
237.9
180
 
2013
139.1
123.5
2.9
12.7
 
137.8
134.1
3.3
.5
 
1.3
239.2
173
 
2014
144.8
128.9
3.2
12.8
 
145.4
141.5
3.5
.5
 
-.6
238.6
164
Low Cost:
 
2005
95.1
83.8
1.2
10.1
 
84.2
81.6
2.3
.3
 
10.9
193.8
217
 
2006
100.4
88.9
1.2
10.4
 
88.1
85.5
2.4
.3
 
12.3
206.1
220
 
2007
105.4
93.3
1.3
10.9
 
92.4
89.7
2.3
.3
 
13.0
219.1
223
 
2008
110.9
97.8
1.5
11.5
 
96.9
94.1
2.5
.4
 
13.9
233.0
226
 
2009
116.2
102.4
1.6
12.2
 
102.7
99.7
2.6
.4
 
13.5
246.5
227
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2010
122.5
107.9
1.7
12.8
 
106.6
103.5
2.7
.4
 
15.9
262.4
231
 
2011
129.0
113.3
2.0
13.7
 
110.0
106.7
2.9
.4
 
19.0
281.4
238
 
2012
135.1
118.1
2.3
14.7
 
114.6
111.2
3.0
.4
 
20.4
301.8
245
 
2013
141.5
123.1
2.5
15.9
 
118.9
115.3
3.2
.4
 
22.5
324.3
254
 
2014
147.9
128.0
2.7
17.2
 
123.1
119.4
3.4
.4
 
24.7
349.0
263
High Cost:
 
2005
94.5
83.2
1.2
10.1
 
87.0
84.4
2.3
.3
 
7.5
190.4
210
 
2006
96.7
85.6
1.3
9.9
 
95.5
92.8
2.4
.3
 
1.2
191.6
199
 
2007
102.5
91.0
1.5
10.0
 
104.2
101.6
2.3
.3
 
-1.8
189.9
184
 
2008
106.7
95.2
1.8
9.8
 
113.6
110.8
2.5
.4
 
-6.9
183.0
167
 
2009
110.8
99.5
2.0
9.3
 
126.3
123.2
2.7
.4
 
-15.5
167.5
145
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2010
119.1
108.2
2.3
8.6
 
138.3
135.0
2.9
.4
 
-19.2
148.3
121
 
2011
125.7
115.5
2.7
7.4
 
149.8
146.2
3.1
.5
 
-24.1
124.1
99
 
2012
130.6
121.4
3.2
6.0
 
162.3
158.4
3.3
.5
 
-31.6
92.5
76
 
2013
135.5
127.5
3.7
4.4
 
173.5
169.4
3.5
.5
 
-37.9
54.6
53
 
2014
140.3
133.5
4.0
2.8
 
184.6
180.4
3.7
.5
 
-44.3
10.2
30

1"Total Income" column includes transfers made between the DI Trust Fund and the General Fund of the Treasury that are not included in the separate components of income shown. These transfers consist of payments for the cost of noncontributory wage credits for military service before 1957. In particular, a transfer was made in December 2000 in the amount of $836 million from the DI Trust Fund to the General Fund of the Treasury. Such transfers are estimated to be less than $500,000 in each year of the projection period.

2The "Trust fund ratio" column represents assets at the beginning of a year (which are identical to assets at the end of the prior year shown in the "Amount at end of year" column) as a percentage of cost for the year.

3Less than $50 million.

Note: Totals do not necessarily equal the sums of rounded components.

Table VI.C6.—Operations of the Combined OASI and DI Trust Funds
in Fiscal Years 2000-14 

[Amounts in billions]

Fiscal year
Income 
 
Cost
 
Assets
Total1
Net
contri-
butions
Taxa-
tion of
benefits
Net
inter-
est 
Total
Benefit
pay-
ments 
Admin-
istra-
tive costs
RRB
inter-
change
Net
increase
during
year
Amount
at end
of year
Trust
fund
ratio 2
Historical data:
 
2000
$561.3
$488.2
$13.2
$59.8
 
$409.4
$402.1
$3.6
$3.7
 
$151.8
$1,006.8
209
 
2001
595.9
515.4
12.5
68.8
 
432.9
425.8
3.8
3.3
 
163.0
1,169.7
233
 
2002
615.0
524.2
13.5
76.8
 
455.9
448.1
4.1
3.6
 
159.1
1,328.8
257
 
2003
630.3
533.4
13.3
83.5
 
474.7
466.5
4.5
3.7
 
155.5
1,484.3
280
 
2004
646.6
546.1
14.3
86.2
 
495.5
487.3
4.3
3.8
 
151.1
1,635.4
300
Intermediate:
 
2005
685.4
577.1
16.6
91.7
 
520.7
511.6
5.3
3.8
 
164.7
1,800.1
314
 
2006
724.2
611.5
16.0
96.7
 
542.6
533.4
5.4
3.8
 
181.6
1,981.7
332
 
2007
765.5
642.2
17.6
105.8
 
567.4
558.1
5.3
4.0
 
198.1
2,179.8
349
 
2008
810.4
673.2
20.4
116.8
 
597.4
588.0
5.4
4.0
 
213.0
2,392.8
365
 
2009
855.7
705.1
21.4
129.2
 
633.6
624.0
5.5
4.1
 
222.1
2,614.9
378
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2010
908.2
743.2
23.2
141.8
 
672.4
662.5
5.7
4.2
 
235.9
2,850.7
389
 
2011
963.8
780.7
27.1
156.0
 
714.7
704.6
5.9
4.1
 
249.1
3,099.9
399
 
2012
1,015.9
814.6
30.6
170.6
 
762.8
752.3
6.1
4.4
 
253.1
3,353.0
406
 
2013
1,070.6
851.1
34.1
185.5
 
815.3
804.4
6.4
4.5
 
255.4
3,608.3
411
 
2014
1,125.7
887.9
37.0
200.9
 
871.7
860.5
6.6
4.7
 
254.0
3,862.3
414
Low Cost:
 
2005
685.6
577.3
16.6
91.7
 
519.6
510.5
5.3
3.8
 
166.0
1,801.4
315
 
2006
725.0
612.4
15.9
96.7
 
539.1
529.9
5.4
3.8
 
185.9
1,987.3
334
 
2007
764.8
642.4
17.4
105.0
 
560.4
551.0
5.3
4.0
 
204.4
2,191.7
355
 
2008
809.0
673.9
20.0
115.1
 
584.0
574.6
5.4
4.0
 
225.0
2,416.7
375
 
2009
853.0
705.7
20.8
126.5
 
612.2
602.7
5.5
4.0
 
240.8
2,657.5
395
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2010
904.8
743.5
22.3
139.0
 
642.3
632.6
5.6
4.0
 
262.5
2,920.1
414
 
2011
959.7
780.6
25.7
153.4
 
675.2
665.5
5.8
3.9
 
284.5
3,204.6
432
 
2012
1,011.0
813.5
28.8
168.7
 
712.9
702.8
6.0
4.1
 
298.1
3,502.6
450
 
2013
1,065.2
847.9
31.7
185.6
 
754.0
743.6
6.2
4.2
 
311.3
3,813.9
465
 
2014
1,119.5
882.1
34.1
203.4
 
798.1
787.5
6.4
4.3
 
321.4
4,135.3
478
High Cost:
 
2005
681.6
573.4
16.6
91.5
 
522.7
513.7
5.3
3.8
 
158.9
1,794.3
313
 
2006
699.4
589.5
16.1
93.7
 
550.1
540.9
5.4
3.8
 
149.2
1,943.5
326
 
2007
748.9
627.1
17.9
103.9
 
580.6
571.2
5.3
4.1
 
168.3
2,111.8
335
 
2008
790.1
655.5
20.8
113.7
 
615.3
605.9
5.4
4.1
 
174.7
2,286.5
343
 
2009
832.4
685.1
22.2
125.0
 
664.0
654.2
5.6
4.2
 
168.4
2,454.9
344
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2010
917.2
745.6
24.8
146.9
 
724.2
713.9
6.0
4.3
 
193.0
2,648.0
339
 
2011
992.6
795.5
29.6
167.5
 
790.2
779.5
6.3
4.5
 
202.4
2,850.4
335
 
2012
1,051.8
836.1
34.2
181.6
 
859.0
847.5
6.5
4.9
 
192.8
3,043.2
332
 
2013
1,109.1
878.1
38.4
192.6
 
927.2
915.2
6.8
5.2
 
181.8
3,225.0
328
 
2014
1,165.7
919.7
41.9
204.0
 
999.0
986.5
7.1
5.5
 
166.7
3,391.7
323

1"Total Income" column includes transfers made between the OASI and DI Trust Funds and the General Fund of the Treasury that are not included in the separate components of income shown. These transfers consist of payments for (1) the cost of noncontributory wage credits for military service before 1957, and (2) the cost of benefits to certain uninsured persons who attained age 72 before 1968. Such transfers are estimated to be less than $500,000 in each year of the projection period.

2The "Trust fund ratio" column represents assets at the beginning of a year (which are identical to assets at the end of the prior year shown in the "Amount at end of year" column) as a percentage of cost for the year.

Note: Totals do not necessarily equal the sums of rounded components.


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