Tbl_IV7.html—Act. Study No.119

IV.7.—Reimbursements for Payments to Uninsured Persons Who Attained Age 72 Before 1968

(Fiscal years 1980-2014)

[Amounts in millions]
Year¹	Total benefit payments to special age-72 beneficiaries	Fraction reimbursable (percent)	Reimbursable benefit payments to special age-72 beneficiaries	Administrative expenses	Total principal	Accumulation factor	Reimbursement
Year¹	Total benefit payments to special age-72 beneficiaries	Fraction reimbursable (percent)		Administrative expenses	Total principal	Accumulation factor	Incurred	Date paid
1980	$121.1	96.5	$116.9	$1.1	$117.9	1.191	$140.4	Dec. 31, 1981
1981	112.9	96.6	109.0	1.0	110.0	1.206	138.7	Dec. 31, 1982
1982	102.3	96.1	98.3	.7	99.0	1.258	124.5	Dec. 31, 1983
1983	89.1	96.2	85.7	.7	86.4	1.215	105.0	Dec. 31, 1984
1984	74.3	95.9	71.2	.6	71.7	1.259	90.3	Jan. 1, 1986
1985	60.1	95.5	57.4	.5	57.9	1.198	69.4	Dec. 31, 1986
1986	49.2	95.3	46.9	.3	47.2	1.157	54.6	Dec. 31, 1987
1987	38.2	95.0	36.3	.2	36.5	1.167	42.6	Dec. 31, 1988
1988	30.3	94.7	28.7	.2	28.9	1.174	34.0	Dec. 31, 1989
1989	23.0	94.4	21.7	.1	21.8	1.167	25.5	Dec. 31, 1990
1990	17.1	93.9	16.1	.1	16.2	1.165	18.9	Dec. 31, 1991
1991	13.0	93.4	12.2	.1	12.2	1.155	14.1	Dec. 31, 1992
1992	9.5	92.8	8.8	.1	8.8	1.138	10.1	Dec. 31, 1993
1993	6.7	92.3	6.2	^{²^/}	6.2	1.131	7.0	Dec. 31, 1994
1994	4.3	91.7	4.0	²^/	4.0	1.140	4.5	Dec. 31, 1995
1995	2.7	90.8	2.5	²^/	2.5	1.134	2.8	Dec. 31, 1996
1996	1.8	90.4	1.6	²^/	1.6	1.134	1.8	Dec. 31, 1997
1997	.7	89.2	.6	²^/	.6	1.131	.7	Dec. 31, 1998
1998	.4	88.6	.3	²^/	.3	1.113	.4	Dec. 31, 1999
1999	-.2	86.6	-.1	²^/	-.1	.000	²^/	Dec. 31, 2000
2000	-.5	87.4	-.5	²^/	-.6	.000	²^/	Dec. 31, 2001
2001	-.5	88.5	-.5	²^/	-.5	.000	²^/	Dec. 31, 2002
2002	-.3	95.5	-.3	²^/	-.3	.000	²^/	Dec. 31, 2003
2003	1.0	100.0	1.0	²^/	1.0	1.305	1.4	Dec. 31, 2004
2004	²^/	100.0	²^/	²^/	²^/	2.380	.1	Dec. 31, 2005
2005	²^/	...	²^/	²^/	²^/	1.075	²^/	Dec. 31, 2006
2006	²^/	...	²^/	²^/	²^/	1.094	²^/	Dec. 31, 2007
2007	²^/	...	²^/	²^/	²^/	1.100	²^/	Dec. 31, 2008
2008	²^/	...	²^/	²^/	²^/	1.102	²^/	Dec. 31, 2009
2009	²^/	...	²^/	²^/	²^/	1.103	²^/	Dec. 31, 2010
2010	²^/	...	²^/	²^/	²^/	1.105	²^/	Dec. 31, 2011
2011	²^/	...	²^/	²^/	²^/	1.105	²^/	Dec. 31, 2012
2012	²^/	...	²^/	²^/	²^/	1.105	²^/	Dec. 31, 2013
2013	²^/	...	²^/	²^/	²^/	1.105	²^/	Dec. 31, 2014
2014	²^/	...	²^/	²^/	²^/	1.105	²^/	Dec. 31, 2015

¹Defined as the period October 1-September 30 (see Public Law 93-344).

²Less than $50,000.

Historical fraction reimbursable, reimbursable benefit payments, and administrative expenses based on SSA administrative records.

Future fraction reimbursable and administrative expenses projected based on historical trends.

Future reimbursable benefit payments computed by multiplying total benefit payments by fraction reimbursable.

Total principal computed as sum of reimbursable benefit payments and administrative expenses.

Accumulation factor computed from monthly interest rates payable on trust fund investments.

Incurred reimbursement computed by multiplying total principal by accumulation factor.

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

Short-Range Actuarial Projections of the Old-Age, Survivors, and Disability Insurance Program, 2005
ACTUARIAL STUDY NO. 119 by Chris Motsiopoulos and Richard B. Tucker

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

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