Short-Range Actuarial Projections
of the Old-Age, Survivors, and
Disability Insurance Program, 2005

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ACTUARIAL STUDY NO. 119
by Chris Motsiopoulos
and Richard B. Tucker

IV.12.—Net Administrative Expenses from the OASI and DI Trust Funds
(Calendar years 1980-2004, and calendar quarters 2005-14)
[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
1980
$105,074.4
0.0110
$1,154.0
$15,437.5
0.0238
$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
372,369.7
.0053
1,961.2
59,579.3
.0292
1,741.1
3,702.3
2002
388,170.0
.0055
2,136.6
65,645.5
.0312
2,048.6
4,185.2
2003
399,892.0
.0064
2,553.3
70,905.7
.0283
2,008.2
4,561.5
2004
415,082.0
.0057
2,384.3
78,202.3
.0275
2,152.1
4,536.4
2005-I
107,612.5
.0084
905.7
20,654.9
.0261
539.6
1,445.3
2005-II
108,197.2
.0052
563.2
20,846.6
.0281
585.7
1,148.9
2005-III
108,496.4
.0071
772.2
21,036.1
.0299
630.0
1,402.2
2005-IV
109,412.2
.0069
756.2
21,272.8
.0244
519.4
1,275.6
2006-I
111,501.5
.0083
927.0
21,902.2
.0263
575.6
1,502.7
2006-II
112,210.4
.0051
576.4
22,115.6
.0283
624.8
1,201.3
2006-III
112,634.2
.0070
790.3
22,302.9
.0301
672.2
1,462.5
2006-IV
113,740.7
.0065
742.6
22,538.2
.0224
505.5
1,248.1
2007-I
116,275.4
.0078
910.3
23,348.7
.0240
560.2
1,470.5
2007-II
117,117.3
.0048
566.0
23,557.5
.0258
608.1
1,174.1
2007-III
117,642.7
.0066
776.1
23,739.6
.0276
654.2
1,430.2
2007-IV
118,934.4
.0061
728.2
23,971.6
.0224
537.9
1,266.1
2008-I
122,267.4
.0073
892.6
24,946.2
.0239
596.2
1,488.8
2008-II
123,253.2
.0045
555.0
25,162.9
.0257
647.1
1,202.2
2008-III
123,899.3
.0061
761.0
25,351.0
.0275
696.1
1,457.1
2008-IV
125,418.5
.0058
724.2
25,592.3
.0223
570.4
1,294.7
2009-I
129,221.5
.0069
887.8
27,059.8
.0234
632.2
1,520.0
2009-II
130,450.9
.0042
552.0
27,266.1
.0252
686.2
1,238.3
2009-III
131,313.5
.0058
756.9
27,440.9
.0269
738.2
1,495.1
2009-IV
133,173.4
.0055
727.3
27,668.4
.0218
603.8
1,331.1
2010-I
137,296.7
.0065
891.5
28,390.3
.0236
669.2
1,560.8
2010-II
138,655.0
.0040
554.3
28,597.9
.0254
726.4
1,280.8
2010-III
139,666.2
.0054
760.0
28,772.4
.0272
781.5
1,541.5
2010-IV
141,816.8
.0052
735.1
29,026.6
.0220
638.7
1,373.8
2011-I
146,427.5
.0062
901.1
29,809.0
.0237
707.9
1,609.0
2011-II
147,949.3
.0038
560.3
30,025.5
.0256
768.4
1,328.7
2011-III
149,067.4
.0052
768.2
30,206.9
.0274
826.6
1,594.8
2011-IV
151,463.2
.0049
746.8
30,469.6
.0222
676.0
1,422.8
2012-I
156,426.7
.0059
915.5
31,791.4
.0236
749.2
1,664.7
2012-II
158,169.6
.0036
569.2
31,988.6
.0254
813.2
1,382.4
2012-III
159,487.8
.0049
780.5
32,149.6
.0272
874.8
1,655.2
2012-IV
162,225.1
.0047
759.6
32,394.4
.0220
714.2
1,473.8
2013-I
167,626.5
.0056
931.1
33,577.4
.0236
791.5
1,722.7
2013-II
169,522.2
.0034
579.0
33,761.3
.0254
859.1
1,438.1
2013-III
170,980.3
.0046
793.8
33,907.9
.0273
924.2
1,718.0
2013-IV
174,025.6
.0044
772.9
34,144.1
.0221
753.5
1,526.4
2014-I
179,813.8
.0053
947.5
35,435.1
.0236
835.1
1,782.5
2014-II
181,811.1
.0032
589.1
35,637.9
.0254
906.4
1,495.6
2014-III
183,364.3
.0044
807.7
35,800.3
.0272
975.1
1,782.8
2014-IV
186,676.3
.0042
786.7
36,056.8
.0220
794.3
1,581.0

Sources:

Note: Future estimates based on 2005 Trustees Report intermediate set of assumptions.


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