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Table II.F9. - Operations of the DI Trust Fund During Selected Fiscal Years 1960-95 and Estimated Future Operations During Fiscal Years 1996-2005, on the Basis of the Intermediate Set of Assumptions
[In millions]
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Income
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Payments
Income from the
from taxa- general fund
Fiscal Net contri- tion of of the Net
year 1/ Total butions2/ benefits Treasury3/ interest4/
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Historical data:
1960........ $1,034 $987 -- -- $47
1965........ 1,237 1,175 -- -- 62
1970........ 4,380 4,141 -- $16 223
1975........ 7,920 7,356 -- 52 512
1980........ 17,376 16,805 -- 118 453
1985........ 17,984 16,876 $217 -- 891
1986........ 20,130 18,139 229 1,017 746
1987........ 20,047 19,324 5/ -16 -- 738
1988........ 22,369 21,736 56 -- 577
1989........ 24,479 23,694 135 -- 650
1990........ 28,215 27,291 158 -- 766
1991........ 29,322 28,953 131 -775 1,014
1992........ 31,168 29,871 218 -- 1,080
1993........ 32,056 30,822 268 -- 966
1994........ 34,044 33,041 305 -- 699
1995........ 70,209 67,987 335 -- 1,888
Estimates:
1996........ 59,328 56,696 370 -203 2,465
1997........ 58,775 54,984 401 -- 3,390
1998........ 60,406 55,945 441 -- 4,020
1999........ 63,881 58,833 485 -- 4,563
2000........ 70,118 64,501 535 -- 5,082
2001........ 74,844 68,543 591 -2 5,712
2002........ 79,106 72,143 652 -- 6,311
2003........ 83,538 75,978 720 -- 6,841
2004........ 88,054 79,994 798 -- 7,261
2005........ 93,756 85,336 885 -- 7,535
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1/ Under the Congressional Budget Act of 1974 (Public Law 93-344), fiscal years
1977 and later consist of the 12 months ending on September 30 of each year.
Fiscal years prior to 1977 consisted of the 12 months ending on June 30 of each
year.
2/ Beginning in 1983, includes transfers from general fund of Treasury repre-
senting contributions that would have been paid on deemed wage credits for
military service in 1957 and later, if such credits were considered to be
covered wages.
3/ Includes payments (1) in 1967 and later, for costs of non-contributory
wage credits for military service performed before 1957; and (2) in 1972-83,
for costs of deemed wage credits for military service performed after 1956.
4/ Net interest includes net profits or losses on marketable investments.
Beginning in 1967, administrative expenses are charged currently to the trust
fund on an estimated basis, with a final adjustment, including interest, made
in the following fiscal year. The amounts of these interest adjustments are
included in net interest. For years prior to 1967, a description of the method
of accounting for administrative expenses is contained in the 1970 Annual
Report. Beginning in July 1974, the figures shown include relatively small
amounts of gifts to the fund. Net interest for 1983-86 reflects payments from
a borrowing trust fund to a lending trust fund for interest on amounts owed
under the interfund borrowing provisions. During 1983-91, interest paid from
the trust fund to the general fund on advance tax transfers is reflected. The
amount shown for 1985 includes an interest adjustment of $14.8 million on
unnegotiated checks issued before April 1985.
5/ Reflects $195 million in transfers from the DI Trust Fund to the general
fund of the Treasury to correct estimated amounts transferred for calendar
years 1984 and 1985.
Table II.F9. - Operations of the DI Trust Fund During Selected Fiscal Years 1960-95 and Estimated Future Operations During Fiscal Years 1996-2005, on the Basis of the Intermediate Set of Assumptions (Cont.)
[In millions]
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Expenditures Assets
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Transfers
to Net
Adminis- Railroad increase Amount
Fiscal Benefit trative Retirement during at end of
year Total payments1/ expenses program year period
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Historical data:
1960..... $533 $528 $32 -$27 $501 $2,167
1965..... 1,495 1,392 79 24 -257 2,007
1970..... 2,954 2,795 149 10 1,426 5,104
1975..... 7,982 7,701 253 29 -62 8,191
1980..... 15,320 14,998 334 -12 2,056 7,680
1985..... 19,294 18,648 603 43 2/ 1,230 5,873
1986..... 20,196 19,529 600 68 2/ 2,475 8,348
1987..... 21,222 20,427 738 57 -1,175 7,173
1988..... 22,269 21,405 803 61 100 7,273
1989..... 23,389 22,550 751 88 1,090 8,363
1990..... 25,124 24,327 717 80 3,091 11,455
1991..... 27,780 26,909 789 82 1,543 12,997
1992..... 31,285 30,382 845 58 -116 12,881
1993..... 34,632 33,615 935 83 -2,576 10,305
1994..... 37,979 36,851 1,022 106 -3,935 6,370
1995..... 41,374 40,234 1,072 68 28,835 35,206
Estimates:
1996..... 44,422 43,324 1,096 2 14,906 50,112
1997..... 48,341 47,031 1,253 57 10,435 60,547
1998..... 51,904 50,688 1,129 87 8,503 69,049
1999..... 55,992 54,627 1,255 109 7,889 76,939
2000..... 60,513 59,057 1,331 126 9,605 86,543
2001..... 65,403 63,865 1,405 133 9,441 95,985
2002..... 70,673 69,041 1,486 147 8,433 104,417
2003..... 76,537 74,797 1,575 165 7,001 111,418
2004..... 83,158 81,304 1,671 183 4,895 116,314
2005..... 90,296 88,318 1,775 203 3,460 119,774
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1/ Beginning in 1967, includes payments for vocational rehabilitation services
furnished to disabled persons receiving benefits because of their disabilities.
Beginning in 1983, amounts are reduced by amount of reimbursement for unnegoti-
ated benefit checks.
2/ Reflects repayment from the OASI Trust Fund of amounts borrowed from the
DI Trust Fund in 1982. The amount repaid in 1985 was $2,540 million;
in 1986, the amount was $2,541 million.
Note: Totals do not necessarily equal the sums of rounded components.
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