2018 OASDI Trustees Report

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C. FISCAL YEAR HISTORICAL AND PROJECTED TRUST FUND OPERATIONS THROUGH 2027
Tables VI.C1, VI.C2, and VI.C3 contain details of the fiscal year 2017 operations of the OASI, DI, and the 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 2017 is the most recent fiscal year for which complete information is available. The descriptions of the values in these tables are similar to the corresponding descriptions and values in 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
b
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
Undisbursed balancesf

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.

f
A negative balance represents a situation where the actual program cash expenditures exceeded the amount of invested securities of the OASI Trust Fund that were redeemed to pay for such expenditures. In this situation, future redemption of additional invested securities will be required to pay for this shortfall.

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”
b
Miscellaneous reimbursements from the General Fund e
Undisbursed balancesf

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.

f
A negative balance represents a situation where the actual program cash expenditures exceeded the amount of invested securities of the DI Trust Fund that were redeemed to pay for such expenditures. In this situation, future redemption of additional invested securities will be required to pay for this shortfall.

Note: Totals do not necessarily equal the sums of rounded components.
Payroll tax contributionsa
Interest adjustmentsc
b
Monthly benefits and lump-sum death paymentsd
Financial interchange with the Railroad Retirement “Social Security Equivalent
Benefit Account”
Miscellaneous reimbursements from the General Funde
Undisbursed balancesf

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.

f
A negative net balance represents a situation where the actual combined program cash expenditures exceeded the amount of invested securities of the OASI and DI Trust Funds that were redeemed to pay for such expenditures. In this situation, future net redemption of additional invested securities will be required to pay for this shortfall.

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 hypothetical combined OASI and DI Trust Funds, respectively, during fiscal years 2013 through 2027.
GF
reim-
burse-
mentsa
Taxa-
tion of
bene-fitsb
Trust
fund
ratio c
d
d
d
d
d
d
d
d
d
d
d
d
d
d
d
d
d
d
d
d
d
d
d
d
d
d
d
d
d
d

a
Includes reimbursements from the General Fund of the Treasury to the OASI Trust Fund for: (1) the cost of benefits to certain uninsured persons who attained age 72 before 1968; (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
Revenue from taxation of benefits is the amount that would be assessed on benefit amounts scheduled in the 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.
Table VI.C5.—Operations of the DI Trust Fund, Fiscal Years 2013-2027a
GF
reim-
burse-
mentsb
Taxa-
tion of
bene-fitsc
Trust
fund
ratio d
e
e
e
e
e
e
e
e
e
e
e
e
e
e
e
e
e
e
e
e
e
e
e
e
e
e
e
e
e
f
f
f
f
e
f
f
f
f
f
e
f
f
f
f
f
e
f
f
f
f
f
e
f
f
f