2025 OASDI Trustees Report

THE 2025 ANNUAL REPORT OF THE BOARD OF
TRUSTEES OF THE FEDERAL OLD-AGE AND
SURVIVORS INSURANCE AND FEDERAL DISABILITY
INSURANCE TRUST FUNDS

I. INTRODUCTION

The Old-Age, Survivors, and Disability Insurance (OASDI) program provides monthly income to insured workers and their families at retirement, death, or disability. The OASDI program consists of two parts. Retired workers, their families, and survivors of deceased workers receive monthly benefits under the Old-Age and Survivors Insurance (OASI) program. Disabled workers and their families receive monthly benefits under the Disability Insurance (DI) program.

The Social Security Act established the Board of Trustees to oversee the OASI and DI Trust Funds’ financial operations. The Board has six members. Four members serve by virtue of their positions in the Federal Government:

•	the Secretary of the Treasury, who is the Managing Trustee;

•	the Secretary of Labor;

•	the Secretary of Health and Human Services; and

•	the Commissioner of Social Security.

The President appoints and the Senate confirms the other two members to serve as public representatives. These positions are currently vacant. The Deputy Commissioner of the Social Security Administration serves as Secretary of the Board.

The Social Security Act requires that the Board report annually to Congress on the OASI and DI Trust Funds’ actuarial status and financial operations. The 2025 report is the 85th such report.