2011 OASDI Trustees Report

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A
Actuarial balance 9, 11, 46, 114, 150, 162
Actuarial balance, long-range test 71
Actuarial deficit 3, 11, 20, 61, 184
Actuarial estimates, LR 46
Actuarial estimates, SR 34
Adjusted program amounts 106
Administrative expenses 5, 31, 47, 134, 141, 156, 185, 193
Advance tax transfers 56, 143
Amendments 33
Annual balance 18, 46, 72
Assets 2, 5, 8, 25, 34, 141, 156, 169, 179, 191
Assumptions 2, 8, 47, 77, 92, 106, 150, 162, 180, 185, 190, 203
Automatic cost-of-living benefit increase 38, 94, 106
Auxiliary benefits 116
Average benefits 133
Average earnings assumptions 95
Average indexed monthly earnings (AIME) 109
Average wage index 106, 190
Award 118
B
Baby-boom generation 2, 20, 40, 48, 52, 100, 124
Bend points 109
Beneficiaries, DI 123
Beneficiary 10, 38, 52, 77, 107, 153, 163, 185, 193, 203
Beneficiary, OASI 118
Benefit payments 5, 35, 47, 134, 141, 156, 168, 185, 193, 205
Benefit termination 7, 40
Best estimate 7, 20, 34, 77
Board of Trustees 34, 92, 137
C
Close actuarial balance 46, 67
Closed group unfunded obligation 67, 209
Constant dollars 195
Consumer Price Index 94, 168, 190, 208
Contribution and benefit base 37, 95, 107, 138, 190, 208
Contributions 5, 137, 156, 179, 185, 193, 207
Cost 2
Cost rate 3, 9, 47, 114, 179
Cost-of-living adjustment 106
Covered earnings 5, 106, 189
Covered employment 7, 37, 95, 113, 137, 167
Covered worker 54, 113, 165
Creditable earnings 210
Current dollars 190
Current-payment status 40, 128, 129, 130, 208
D
Deemed wage credit 47, 114
Delayed retirement credit 112
Demographic assumptions 7, 18, 34, 47, 78, 100, 106, 150, 191, 207
Deterministic model 173, 178, 210
DI beneficiaries 123
Disability 137, 165, 203
Disability conversion ratio 128
Disability incidence rate 77, 124, 126, 165, 170, 207
Disability Insurance Trust Fund 209
Disability prevalence rate 130, 132
Disability termination rate 171
Disabled-worker benefit 126, 211
Disbursements 22, 23, 24, 27, 28, 29, 34, 156, 157, 158, 204, 205
E
Earnings 2, 5, 37, 47, 95, 107, 137, 151, 179, 189, 190, 207
Earnings test 95, 107, 208
Economic assumptions 7, 18, 34, 44, 47, 92, 100, 106, 150, 191, 207
Excess wages 47, 114, 190
Expenditures 5, 7, 26, 32, 34, 38, 41, 141, 211
F
Federal Insurance Contributions Act 179, 216
Fertility assumptions 78
Financial interchange 5, 134, 141
Fiscal year 82, 143, 155
Full advance funding 212
G
General Fund of the Treasury 36, 38, 39, 42, 139, 143, 145, 147, 159, 160, 161, 207
General fund reimbursement 212
Gross domestic product 3, 52, 77, 93, 102, 185
Gross domestic product projections 102
H
High-cost assumptions 7, 15, 34, 35, 48, 77, 92, 127, 162, 177, 180, 185, 190, 207
Hospital Insurance program 138, 179, 214
Hospital Insurance Trust Fund 185
I
Immigration 7, 77, 78, 81, 85, 165, 173, 207, 213
Immigration assumptions 81
Income rate 3, 9, 47, 179
Inflation 7, 77, 94, 190, 207
Inflation assumptions 94
Insured population 7, 115
Insured status 111
Interest 37, 102, 140, 150, 156, 181, 185, 191, 207
Interest rate 38, 77, 150, 169, 191, 207
Interest rate projections 102
Interest rates 7
Interfund borrowing 143, 213
Intermediate assumptions 7, 34, 38, 40, 48, 77, 127, 162, 181, 185, 190, 194, 195, 196, 203, 207
L
Labor force projections 99
Legal immigration 82, 86, 214
Life expectancy 3, 20, 77, 89, 99, 214
Life expectancy estimates 89
Long range 9, 46, 78, 118, 150, 179, 185, 190
Low-cost assumptions 7, 15, 34, 48, 77, 92, 127, 162, 177, 180, 190, 207
Lump-sum death payment 134
M
Medicare 80, 214
Military service 36, 39, 42, 47, 95, 114, 135, 137, 143, 145, 147, 159, 160, 161
N
National average wage index 106, 190
Normal retirement age 107, 123, 199, 210
O
OASI beneficiaries 118
Old-Age and Survivors Insurance Trust Fund 137, 209
Old-law base 111
Open group unfunded obligation 3, 9, 18, 46, 63, 64, 177, 209, 215
Other immigration 82, 166, 215
P
Par value 141
Partial advance funding 216
Pay-as-you-go financing 150
Payroll taxes 2, 21, 62, 106, 114, 153, 162, 179, 193
Population estimates 86
Population in the Social Security area 37, 55, 86, 113, 166
Present value 150
Primary insurance amount (PIA) 109
Productivity assumptions 93
Q
Quarters of coverage 115
R
Railroad Retirement 47, 111, 134, 141, 156, 157, 158, 179, 185, 193, 209
Reallocation of tax rates 217
Real-wage differential 97, 166
Recession 9, 30, 38
Retired-worker benefit 118, 165, 203
Retirement age 40, 107, 199, 210
Retirement earnings test 95, 107
Retirement eligibility age 1, 165
S
Self-employment 47, 94, 114, 137, 180, 216
Self-Employment Contributions Act 216, 218
Sensitivity analysis 162
Short range 8, 34, 118
Social Security Act 106, 141, 190, 203, 209
Social Security amendments 33
Solvency 46, 218
Special public-debt obligation 38, 105, 140, 169, 191
Stochastic projections 173
Substantial gainful activity 123, 210
Summarized balance 186
Summarized income and cost rates 60, 150, 162, 183, 207
Supplemental Security Income 156
Supplementary Medical Insurance program 179, 214
Survivor benefit 2, 6, 121, 208
T
Taxable earnings 37, 55, 107, 137, 151, 189, 208
Taxable payroll 3, 9, 20, 47, 94, 114, 150, 163, 179, 185, 190, 209
Taxable self-employment income 137, 220
Taxable wages 115, 139, 180, 220
Taxation of benefits 5, 47, 135, 185, 193, 213
Taxes 5, 106, 137, 180
Termination 40, 77
Termination rate 7, 40, 118, 171, 207
Test of short-range financial adequacy 35, 68, 218
Total fertility rate 79, 162
Trust fund financial operations 5, 22, 35, 137
Trust fund ratio 8, 34, 46, 56, 143, 159, 222
U
Unemployment projections 99
Unfunded obligation 3, 9, 12, 14, 18, 46, 63, 64, 67, 177, 209, 215, 222
Unnegotiated check 156
V
Valuation period 11, 46, 150, 162, 183, 207
Vocational rehabilitation 47, 141, 157, 185, 193, 205, 209
Y
Year of exhaustion 9, 11, 21, 46, 58

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