2014 OASDI Trustees Report

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C. FISCAL YEAR HISTORICAL DATA AND
PROJECTIONS THROUGH 2023
Tables VI.C1, VI.C2, and VI.C3 contain details of the fiscal year 2013 operations of the OASI, DI, and the theoretical combined OASI and DI Trust Funds, respectively. The fiscal year for the U.S. Government is the 12-month period ending September 30. Fiscal year 2013 is the most recent fiscal year for which complete 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.
Payroll tax contributionsa
Monthly benefits and lump-sum death paymentsd
Payment for costs of vocational rehabilitation services for disabled beneficiaries
Financial interchange with the Railroad Retirement “Social Security Equivalent
Benefit Account”
Miscellaneous reimbursements from the general fund e

a
Includes adjustments for prior years

b
Between -$0.5 and $0.5 million.

c
Includes: (1) interest on adjustments in the allocation of administrative expenses between the trust fund and the general fund account for the Supplemental Security Income program; (2) interest arising from the revised allocation of administrative expenses among the trust funds; and (3) interest on certain reimbursements to the trust fund.

d
Includes net reductions for the recovery of overpayments.

e
Reimbursements 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.
Payroll tax contributionsa
Interest adjustmentsc
Monthly benefitsd
Financial interchange with the Railroad Retirement “Social Security Equivalent
Benefit Account”
Miscellaneous reimbursements from the general fund e

a
Includes adjustments for prior years.

b
Between -$0.5 and $0.5 million.

c
Includes: (1) interest on adjustments in the allocation of administrative expenses between the trust fund and the general fund account for the Supplemental Security Income program; (2) interest arising from the revised allocation of administrative expenses among the trust funds; and (3) interest on certain reimbursements to the trust fund.

d
Includes net reductions for the recovery of overpayments.

e
Reimbursements 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.
Payroll tax contributionsa
Interest adjustmentsc
Monthly benefits and lump-sum death paymentsd
Financial interchange with the Railroad Retirement “Social Security Equivalent
Benefit Account”
Miscellaneous reimbursements from the general funde

a
Includes adjustments for prior years.

b
Between -$0.5 and $0.5 million.

c
Includes: (1) interest on adjustments in the allocation of administrative expenses between the trust funds and the general fund account for the Supplemental Security Income program; (2) interest arising from the revised allocation of administrative expenses among the trust funds; and (3) interest on certain reimbursements to the trust funds.

d
Includes net reductions for the recovery of overpayments.

e
Reimbursements 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.
Tables VI.C4, VI.C5, and VI.C6 show estimates of the operations and status of the OASI, DI, and the combined OASI and DI Trust Funds, respectively, during fiscal years 2009-23.
GF
reim-
burse-
mentsa
Benefit pay-mentsb
Trust
fund
ratio c

a
Includes reimbursements from the General Fund of the Treasury to the OASI Trust Fund for: (1) the cost of noncontributory wage credits for military service before 1957; (2) the cost of benefits to certain uninsured persons who attained age 72 before 1968; (3) the cost of payroll tax credits provided to employees in 1984 and self-employed persons in 1984-89 by Public Law 98-21; (4) the cost in 2009-17 of excluding certain self-employment earnings from SECA taxes under Public Law 110-246; and (5) payroll tax revenue forgone under the provisions of Public Laws 111-147, 111-312, 112-78, and 112-96.

b
Projected benefits are estimated as scheduled under current law.

c
The “Trust fund ratio” column represents asset reserves at the beginning of a year (which are identical to reserves at the end of the prior year shown in the “Amount at end of year” column) as a percentage of cost for the year.

d
Between -$50 million and $50 million.

Note: Totals do not necessarily equal the sums of rounded components.
GF
reim-
burse-
mentsa
Benefit pay-mentsb
Trust
fund
ratio c

a
Includes reimbursements from the General Fund of the Treasury to the DI Trust Fund for: (1) the cost of noncontributory wage credits for military service before 1957; (2) the cost of payroll tax credits provided to employees in 1984 and self-employed persons in 1984-89 by Public Law 98-21; (3) the cost in 2009-17 of excluding certain self-employment earnings from SECA taxes under Public Law 110-246; and (4) payroll tax revenue forgone under the provisions of Public Laws 111-147, 111-312, 112-78, and 112-96.

b
Projected benefits are estimated as scheduled under current law.

c
The “Trust fund ratio” column represents asset reserves at the beginning of a year (which are identical to reserves at the end of the prior year shown in the “Amount at end of year” column) as a percentage of cost for the year.

d
Between -$50 million and $50 million.

e
The DI Trust Funds become depleted in fiscal years 2017 and 2016 under the intermediate and high-cost assumptions, respectively. Accordingly, certain trust fund operations values from the year of trust fund reserve depletion through 2023 are not meaningful under present law.

Note: Totals do not necessarily equal the sums of rounded components.
GF
reim-
burse-
mentsa
Benefit pay-mentsb
Trust
fund
ratio c