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.12.—Net Administrative Expenses from the OASI and DI Trust Funds
(Calendar years 1975-2000, and calendar quarters 2001-10)
[Amounts in millions]
Calendar
period
OASI Trust Fund
DI Trust Fund
  Total
administrative
expenses
  Benefit
payments
Administrative expenses
  Benefit
payments
Administrative expenses
  Ratio to
benefit
payments
  Amount
  Ratio to
benefit
payments
  Amount
1975
$58,508.9
0.0154
$896.0
$8,413.9
0.0304
$256.0
$1,152.0
1976
65,699.0
.0150
959.0
9,965.7
.0286
285.0
1,244.0
1977
73,113.1
.0138
981.0
11,462.6
.0348
399.0
1,380.0
1978
80,352.3
.0141
1,115.0
12,512.9
.0260
325.0
1,440.0
1979
90,555.7
.0125
1,113.0
13,707.7
.0271
371.0
1,484.0
1980
105,074.4
.0110
1,154.0
15,437.5
.0238
368.0
1,522.0
1981
123,795.4
.0106
1,307.0
17,199.4
.0253
436.0
1,743.0
1982
138,799.8
.0109
1,519.0
17,337.5
.0340
590.0
2,109.0
1983
149,502.4
.0102
1,528.0
17,530.2
.0357
625.0
2,153.0
1984
157,862.0
.0104
1,638.0
17,900.1
.0350
626.0
2,264.0
1985
167,359.6
.0095
1,592.0
18,835.9
.0323
608.0
2,200.0
1986
176,844.4
.0091
1,601.4
19,846.8
.0303
600.5
2,201.9
1987
183,644.1
.0083
1,524.1
20,511.5
.0414
848.8
2,372.9
1988
195,521.7
.0091
1,776.2
21,692.2
.0340
737.0
2,513.2
1989
207,977.0
.0080
1,673.7
22,873.4
.0330
754.3
2,428.0
1990
222,992.9
.0070
1,562.6
24,803.3
.0285
706.7
2,269.3
1991
240,436.2
.0075
1,792.2
27,661.7
.0287
794.4
2,586.6
1992
254,939.4
.0072
1,829.8
31,091.2
.0268
834.3
2,664.1
1993
267,804.5
.0075
1,996.5
34,597.7
.0279
966.1
2,962.6
1994
279,117.7
.0059
1,645.3
37,716.8
.0273
1,028.7
2,674.0
1995
291,682.3
.0071
2,076.8
40,898.2
.0260
1,063.7
3,140.5
1996
302,914.4
.0059
1,801.9
44,173.9
.0263
1,160.4
2,962.3
1997
316,311.1
.0067
2,128.4
45,659.3
.0280
1,280.2
3,408.6
1998
326,817.3
.0058
1,899.5
48,173.4
.0325
1,567.5
3,467.0
1999
334,437.2
.0054
1,808.9
51,331.0
.0296
1,518.9
3,327.8
2000
352,706.5
.0061
2,149.0
54,938.3
.0298
1,639.1
3,788.1
2001-I
92,332.2
.0066
613.2
14,524.1
.0246
356.6
969.8
2001-II
92,845.9
.0054
498.3
14,667.3
.0306
449.0
947.3
2001-III
93,022.8
.0052
487.3
14,791.9
.0257
383.1
870.4
2001-IV
93,592.3
.0073
687.3
14,958.0
.0282
421.8
1,109.0
2002-I
96,456.5
.0069
661.5
15,569.7
.0252
391.9
1,053.4
2002-II
97,072.2
.0055
537.6
15,745.1
.0313
493.4
1,031.0
2002-III
97,301.6
.0054
525.7
15,889.6
.0265
421.0
946.6
2002-IV
97,911.8
.0069
673.0
16,073.2
.0276
444.2
1,117.3
2003-I
101,009.6
.0064
647.8
16,834.3
.0245
412.7
1,060.5
2003-II
101,665.1
.0052
526.5
17,052.2
.0305
519.6
1,046.1
2003-III
101,911.1
.0051
514.8
17,235.5
.0257
443.4
958.2
2003-IV
102,546.3
.0066
674.7
17,460.5
.0269
469.5
1,144.2
2004-I
105,947.7
.0061
649.4
18,317.5
.0238
436.2
1,085.6
2004-II
106,719.8
.0049
527.7
18,555.6
.0296
549.2
1,077.0
2004-III
107,031.0
.0048
516.0
18,755.4
.0250
468.6
984.7
2004-IV
107,725.8
.0063
682.3
19,000.1
.0261
496.7
1,179.0
2005-I
111,456.1
.0059
656.8
19,953.9
.0231
461.5
1,118.2
2005-II
112,326.0
.0048
533.7
20,213.5
.0287
581.0
1,114.8
2005-III
112,694.3
.0046
521.9
20,430.9
.0243
495.8
1,017.7
2005-IV
113,454.9
.0061
692.3
20,696.6
.0254
525.6
1,217.9
2006-I
117,528.0
.0057
666.3
21,743.1
.0225
488.3
1,154.6
2006-II
118,447.1
.0046
541.5
22,021.1
.0279
614.8
1,156.3
2006-III
118,849.4
.0045
529.5
22,252.5
.0236
524.6
1,054.1
2006-IV
119,697.3
.0059
701.9
22,536.1
.0246
555.4
1,257.3
2007-I
124,178.6
.0054
675.6
23,673.7
.0218
516.0
1,191.6
2007-II
125,168.6
.0044
549.1
23,964.4
.0271
649.7
1,198.8
2007-III
125,628.5
.0043
536.9
24,204.8
.0229
554.3
1,091.2
2007-IV
126,623.8
.0056
711.4
24,501.6
.0239
586.6
1,298.0
2008-I
131,542.2
.0052
684.8
25,724.4
.0212
545.0
1,229.8
2008-II
132,731.3
.0042
556.5
26,023.5
.0264
686.2
1,242.7
2008-III
133,331.5
.0041
544.2
26,269.0
.0223
585.5
1,129.7
2008-IV
134,544.1
.0054
720.9
26,575.7
.0233
619.7
1,340.6
2009-I
140,020.2
.0050
693.9
27,867.1
.0207
575.8
1,269.6
2009-II
141,478.8
.0040
563.9
28,131.4
.0258
724.9
1,288.8
2009-III
142,280.1
.0039
551.4
28,340.4
.0218
618.6
1,169.9
2009-IV
143,797.7
.0051
729.9
28,617.3
.0229
654.6
1,384.4
2010-I
149,711.6
.0047
702.5
29,984.2
.0203
608.1
1,310.7
2010-II
151,088.5
.0038
570.9
30,283.9
.0253
765.7
1,336.6
2010-III
151,883.2
.0037
558.3
30,523.4
.0214
653.3
1,211.6
2010-IV
153,629.1
.0048
738.7
30,835.5
.0224
691.5
1,430.2

Sources:

Benefit payments shown earlier.

Historical administrative expenses based on SSA administrative records; future expenses projected by regression equation based on time trend and growth in average wages.

Ratio of administrative expenses to benefit payments computed by dividing corresponding figures.

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


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December 26, 2001