[Historical Tables]
[Section 13 - Social Security and Medicare]
[Table 13.1 - Cash Income, Outgo, and Balances of the Social Security and Medicare Trust Funds: 1936-2002]
[From the U.S. Government Printing Office, www.gpo.gov]
[[Page 240]]
Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICAL TRUST FUNDS: 1936-2002
(in millions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1936 1937 1938 1939 1940 1941 1942 1943 1944 1945
--------------------------------------------------------------------------------------------------------------------------------------------------------
Old age and survivors insurance fund:
Cash income:
Social insurance taxes and contributions........ ........ 265 387 503 550 688 896 1,130 1,292 1,310
Intragovernmental receipts:
Employer share, employee retirement (952)..... ........ ........ ........ ........ ........ ........ ........ ........ ........ ........
Interest (903)............................... ........ 2 15 27 42 56 71 87 103 124
Other........................................ ........ ........ ........ ........ ........ ........ ........ ........ ........ ........
---------------------------------------------------------------------------------------------------
Total intragovernmental receipts............ ........ 2 15 27 42 56 71 87 103 124
Other cash income.............................. ........ ........ ........ ........ ........ ........ ........ ........ ........ ........
---------------------------------------------------------------------------------------------------
Total cash income.......................... ........ 267 402 530 592 744 967 1,218 1,395 1,434
===================================================================================================
Cash outgo:
Benefit payments............................... ........ * 5 14 16 64 110 149 185 240
Payments to the railroad retirement account..... ........ ........ ........ ........ ........ ........ ........ ........ ........ ........
Interest payments.............................. ........ ........ ........ ........ ........ ........ ........ ........ ........ ........
Administrative expenses........................ ........ ........ ........ ........ 12 27 27 27 33 27
Other outgo (mainly for vocational
rehabilitation)................................ ........ ........ ........ ........ ........ ........ ........ ........ ........ ........
---------------------------------------------------------------------------------------------------
Total cash outgo........................... ........ * 5 14 28 91 137 177 217 267
===================================================================================================
Surplus or deficit (-)........................... ........ 267 397 516 564 653 830 1,041 1,178 1,167
===================================================================================================
Borrowing or repayment (-) of borrowing from other
trust funds...................................... ........ ........ ........ ........ ........ ........ ........ ........ ........ ........
Fund balance, end of year........................ ........ 267 664 1,180 1,745 2,398 3,227 4,268 5,446 6,613
===================================================================================================
Invested balance................................. ........ 267 662 1,177 1,738 2,381 3,202 4,237 5,409 6,546
Uninvested balance............................... ........ * 2 3 7 17 26 31 38 67
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.
Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICAL TRUST FUNDS: 1936-2002--Continued
(in millions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1946 1947 1948 1949 1950 1951 1952 1953 1954 1955
--------------------------------------------------------------------------------------------------------------------------------------------------------
Old age and survivors insurance fund:
Cash income:
Social insurance taxes and contributions........ 1,238 1,459 1,616 1,690 2,106 3,120 3,594 4,097 4,589 5,081
Intragovernmental receipts:
Employer share, employee retirement (952)..... ........ ........ ........ ........ ........ ........ ........ ........ 1 6
Interest (903)............................... 148 163 191 230 257 287 334 387 439 438
Other........................................ ........ * 1 3 4 4 4 ........ 12 10
---------------------------------------------------------------------------------------------------
Total intragovernmental receipts............ 148 164 191 233 260 291 337 387 452 454
Other cash income.............................. ........ ........ ........ ........ ........ ........ * * * *
---------------------------------------------------------------------------------------------------
Total cash income.......................... 1,386 1,623 1,807 1,924 2,367 3,411 3,932 4,483 5,040 5,535
===================================================================================================
Cash outgo:
Benefit payments............................... 321 426 512 607 727 1,498 1,982 2,627 3,276 4,333
Payments to the railroad retirement account..... ........ ........ ........ ........ ........ ........ ........ ........ ........ ........
Interest payments.............................. ........ ........ ........ ........ ........ ........ ........ ........ ........ ........
Administrative expenses........................ 37 41 47 53 57 70 85 89 89 103
Other outgo (mainly for vocational
rehabilitation)................................ ........ ........ ........ ........ ........ ........ ........ ........ -* ........
---------------------------------------------------------------------------------------------------
Total cash outgo........................... 358 466 559 661 784 1,569 2,067 2,717 3,364 4,436
===================================================================================================
Surplus or deficit (-)........................... 1,028 1,157 1,248 1,263 1,583 1,843 1,864 1,766 1,677 1,098
===================================================================================================
Borrowing or repayment (-) of borrowing from other
trust funds...................................... ........ ........ ........ ........ ........ ........ ........ ........ ........ ........
Fund balance, end of year........................ 7,641 8,798 10,047 11,310 12,893 14,736 16,600 18,366 20,040 21,141
===================================================================================================
Invested balance................................. 7,549 8,742 9,937 11,231 12,645 14,323 16,273 17,818 19,337 20,580
Uninvested balance............................... 93 56 110 79 248 413 327 549 703 560
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.
[[Page 241]]
Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICAL TRUST FUNDS: 1936-2002--Continued
(in millions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1956 1957 1958 1959 1960 1961 1962 1963 1964 1965
--------------------------------------------------------------------------------------------------------------------------------------------------------
Old age and survivors insurance fund:
Cash income:
Social insurance taxes and
contributions........................ 6,425 6,457 7,138 7,418 9,671 11,104 11,267 13,117 15,242 15,567
Intragovernmental receipts:
Employer share, employee retirement
(952).............................. 18 83 130 147 171 189 203 224 260 263
Interest (903)..................... 487 555 555 543 516 530 539 512 539 583
Other.............................. 7 5 2 * 1 1 2 2 3 3
-------------------------------------------------------------------------------------------------------------
Total intragovernmental receipts.. 513 644 687 690 688 720 744 738 801 849
Other cash income.................... * * * * * * * * * *
-------------------------------------------------------------------------------------------------------------
Total cash income................ 6,938 7,101 7,825 8,109 10,360 11,824 12,011 13,856 16,043 16,417
=============================================================================================================
Cash outgo:
Benefit payments..................... 5,361 6,515 7,875 9,049 10,270 11,185 12,658 13,845 14,579 15,226
Payments to the railroad retirement
account.............................. ......... ......... ......... 124 600 332 361 423 403 436
Interest payments.................... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Administrative expenses.............. 124 150 166 206 203 236 252 263 303 300
Other outgo (mainly for vocational
rehabilitation)...................... ......... ......... -* -3 -3 -22 9 1 -1 3
-------------------------------------------------------------------------------------------------------------
Total cash outgo................. 5,485 6,665 8,041 9,377 11,069 11,730 13,279 14,531 15,284 15,965
=============================================================================================================
Surplus or deficit (-)................. 1,452 436 -216 -1,268 -710 94 -1,268 -675 760 452
=============================================================================================================
Borrowing or repayment (-) of borrowing
from other trust funds................. ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Fund balance, end of year.............. 22,593 23,029 22,813 21,545 20,835 20,929 19,662 18,987 19,746 20,198
=============================================================================================================
Invested balance....................... 22,041 22,263 21,765 20,478 19,756 19,553 18,456 17,633 18,325 18,783
Uninvested balance..................... 552 766 1,048 1,066 1,079 1,376 1,206 1,354 1,421 1,415
=============================================================================================================
Disability insurance trust fund:
Cash income:
Social insurance taxes and
contributions........................ ......... 332 911 878 970 1,005 1,004 1,058 1,124 1,156
Intragovernmental receipts:
Employer share, employee retirement
(952).............................. ......... 5 15 17 17 17 18 18 19 19
Interest (903)..................... ......... 1 16 33 47 61 70 70 68 65
Other.............................. ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
-------------------------------------------------------------------------------------------------------------
Total interfund receipts......... ......... 6 31 51 64 78 88 88 87 85
Other intragovernmental receipts...... ......... ......... ......... ......... 27 ......... ......... ......... ......... .........
-------------------------------------------------------------------------------------------------------------
Total intragovernmental receipts.. ......... 6 31 51 91 78 88 88 87 85
Inter-trust interest (from OASI)...... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Other cash income.................... ......... ......... ......... ......... ......... ......... ......... ......... ......... *
-------------------------------------------------------------------------------------------------------------
Total cash income................ ......... 339 942 928 1,061 1,083 1,092 1,145 1,211 1,241
=============================================================================================================
Cash outgo:
Benefit payments..................... ......... ......... 168 339 528 704 1,011 1,171 1,251 1,392
Payments to the railroad retirement
account.............................. ......... ......... ......... ......... ......... 5 11 20 19 24
Administrative expenses.............. ......... 1 12 21 32 36 66 69 70 82
Interest payments.................... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Other outgo (mainly vocational
rehabilitation)...................... ......... ......... -* -* * -1 * * -2 *
-------------------------------------------------------------------------------------------------------------
Total cash outgo................. ......... 1 180 360 560 745 1,089 1,259 1,339 1,498
=============================================================================================================
Surplus or deficit (-)................. ......... 337 762 568 501 338 3 -114 -128 -258
=============================================================================================================
Lending (-) or repayment of loans to
OASI fund.............................. ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Fund balance, end of year.............. ......... 337 1,099 1,667 2,168 2,505 2,509 2,394 2,266 2,009
=============================================================================================================
Invested balance....................... ......... 325 1,055 1,607 2,101 2,386 2,407 2,278 2,141 1,878
Uninvested balance..................... ......... 12 45 60 66 119 102 116 125 131
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.
[[Page 242]]
Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICAL TRUST FUNDS: 1936-2002--Continued
(in millions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1966 1967 1968 1969 1970 1971 1972 1973 1974 1975
--------------------------------------------------------------------------------------------------------------------------------------------------------
Old age and survivors insurance fund:
Cash income:
Social insurance taxes and
contributions........................ 17,556 22,197 22,265 25,484 29,396 31,354 35,132 40,703 47,778 55,207
Intragovernmental receipts:
Employer share, employee retirement
(952).............................. 310 370 397 469 559 561 579 615 677 810
Interest (903)..................... 588 725 896 1,009 1,346 1,617 1,718 1,846 2,039 2,292
Other.............................. 7 79 78 382 442 449 488 475 442 447
-------------------------------------------------------------------------------------------------------------
Total intragovernmental receipts.. 905 1,174 1,371 1,859 2,347 2,627 2,785 2,936 3,157 3,549
Other cash income.................... * * 4 4 3 1 * * * *
-------------------------------------------------------------------------------------------------------------
Total cash income................ 18,461 23,371 23,641 27,348 31,746 33,982 37,916 43,639 50,935 58,756
=============================================================================================================
Cash outgo:
Benefit payments..................... 18,071 18,886 20,737 23,732 26,267 31,101 34,541 42,170 47,849 54,839
Payments to the railroad retirement
account.............................. 444 508 438 491 579 613 724 783 909 982
Interest payments.................... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Administrative expenses.............. 254 334 449 465 474 552 582 667 723 848
Other outgo (mainly for vocational
rehabilitation)...................... 1 1 * 2 1 2 1 3 2 8
-------------------------------------------------------------------------------------------------------------
Total cash outgo................. 18,770 19,729 21,624 24,690 27,320 32,268 35,848 43,623 49,483 56,676
=============================================================================================================
Surplus or deficit (-)................. -309 3,642 2,017 2,657 4,426 1,714 2,068 16 1,452 2,080
=============================================================================================================
Borrowing or repayment (-) of borrowing
from other trust funds................. ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Fund balance, end of year.............. 19,889 23,531 25,548 28,205 32,631 34,345 36,413 36,429 37,881 39,961
=============================================================================================================
Invested balance....................... 17,925 21,780 23,250 26,235 30,121 31,375 33,203 35,501 37,717 39,892
Uninvested balance..................... 1,964 1,751 2,298 1,971 2,510 2,970 3,211 928 164 69
=============================================================================================================
Disability insurance trust fund:
Cash income:
Social insurance taxes and
contributions........................ 1,530 2,204 2,651 3,469 4,063 4,490 4,775 5,381 6,147 7,250
Intragovernmental receipts:
Employer share, employee retirement
(952).............................. 27 45 48 63 78 79 78 80 87 106
Interest (903)..................... 54 67 83 140 221 324 388 434 482 512
Other.............................. ......... 16 16 32 16 16 50 51 52 52
-------------------------------------------------------------------------------------------------------------
Total interfund receipts......... 81 128 147 235 315 419 516 565 621 670
Other intragovernmental receipts...... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
-------------------------------------------------------------------------------------------------------------
Total intragovernmental receipts.. 81 128 147 235 315 419 516 565 621 670
Inter-trust interest (from OASI)...... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Other cash income.................... * * 2 1 1 1 * * * .........
-------------------------------------------------------------------------------------------------------------
Total cash income................ 1,611 2,332 2,800 3,705 4,380 4,910 5,291 5,946 6,768 7,920
=============================================================================================================
Cash outgo:
Benefit payments..................... 1,721 1,861 2,088 2,443 2,778 3,381 4,046 5,162 6,159 7,630
Payments to the railroad retirement
account.............................. 25 31 20 21 10 13 24 20 22 29
Administrative expenses.............. 184 99 112 134 149 190 212 247 154 253
Interest payments.................... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Other outgo (mainly vocational
rehabilitation)...................... 2 7 15 15 16 21 28 39 49 71
-------------------------------------------------------------------------------------------------------------
Total cash outgo................. 1,931 1,997 2,237 2,613 2,954 3,606 4,309 5,467 6,384 7,982
=============================================================================================================
Surplus or deficit (-)................. -321 335 564 1,092 1,426 1,305 982 479 384 -62
=============================================================================================================
Lending (-) or repayment of loans to
OASI fund.............................. ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Fund balance, end of year.............. 1,688 2,024 2,587 3,679 5,105 6,410 7,392 7,871 8,255 8,192
=============================================================================================================
Invested balance....................... 1,465 1,835 2,351 3,492 4,835 6,078 7,012 7,803 8,195 8,158
Uninvested balance..................... 224 189 236 187 270 332 380 68 60 35
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.
[[Page 243]]
Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICAL TRUST FUNDS: 1936-2002--Continued
(in millions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1966 1967 1968 1969 1970 1971 1972 1973 1974 1975
--------------------------------------------------------------------------------------------------------------------------------------------------------
Hospital insurance trust fund:
Cash income:
Social insurance taxes and
contributions........................ 893 2,645 3,493 4,398 4,755 4,874 5,205 7,603 10,551 11,252
Intragovernmental receipts:
Employer share, employee retirement
(951).............................. 16 60 65 79 91 87 85 121 147 166
Interest (902)..................... 6 46 61 96 139 183 190 198 408 614
Interest from OASI................. ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Other.............................. ......... 338 284 771 628 874 551 429 499 529
-------------------------------------------------------------------------------------------------------------
Total intragovernmental receipts.. 22 444 410 946 859 1,144 826 748 1,054 1,309
Other (proprietary) receipts:
Premium income..................... ......... ......... ......... ......... ......... ......... ......... ......... 4 6
Other (mainly proprietary interest). ......... * * * * * * * * 1
-------------------------------------------------------------------------------------------------------------
Total cash income................ 915 3,089 3,902 5,344 5,614 6,018 6,031 8,352 11,610 12,568
=============================================================================================================
Cash outgo:
Benefit payments..................... ......... 2,508 3,736 4,654 4,804 5,442 6,108 6,648 7,806 10,353
Administrative expenses.............. 64 89 79 104 149 149 166 193 258 256
Interest on normalized transfers...... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Other................................ ......... ......... ......... ......... * 1 1 1 1 2
-------------------------------------------------------------------------------------------------------------
Total cash outgo................. 64 2,597 3,815 4,758 4,953 5,592 6,276 6,842 8,065 10,612
=============================================================================================================
Surplus or deficit (-)................. 851 492 87 586 661 426 -244 1,510 3,545 1,956
=============================================================================================================
Lending (-) or repayment of loans to
OASI fund.............................. ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
Fund balance, end of year.............. 851 1,343 1,431 2,017 2,677 3,103 2,859 4,369 7,914 9,870
=============================================================================================================
Invested balance....................... 786 1,298 1,370 2,001 2,653 3,030 2,884 4,222 7,864 9,761
Uninvested balance..................... 65 45 60 15 24 73 -25 146 49 109
=============================================================================================================
Supplementary medical insurance trust
fund:
Cash income:
Offsetting collections:
Intragovernmental receipts:
Interest (902)................... ......... 14 21 23 12 17 29 45 76 106
Federal contributions............ ......... 623 634 984 928 1,245 1,365 1,430 2,029 2,330
-------------------------------------------------------------------------------------------------------------
Total intragovernmental receipts ......... 637 655 1,008 940 1,263 1,394 1,476 2,105 2,435
Premium income:
From aged participants........... ......... 647 698 903 936 1,253 1,340 1,427 1,579 1,750
From disabled participants........ ......... ......... ......... ......... ......... ......... ......... ......... 125 151
-------------------------------------------------------------------------------------------------------------
Total premium income........... ......... 647 698 903 936 1,253 1,340 1,427 1,704 1,901
Other.............................. ......... * * * * * * * * .........
-------------------------------------------------------------------------------------------------------------
Total cash income................ ......... 1,284 1,353 1,911 1,876 2,516 2,734 2,902 3,809 4,336
=============================================================================================================
Cash outgo:
Benefit payments..................... ......... 664 1,390 1,645 1,979 2,035 2,255 2,391 2,874 3,765
Administrative expenses.............. ......... 134 143 195 217 248 289 246 409 404
Other (mainly health insurance
experiments)......................... ......... ......... ......... ......... ......... * * * * *
-------------------------------------------------------------------------------------------------------------
Total cash outgo................. ......... 798 1,532 1,840 2,196 2,283 2,544 2,637 3,283 4,170
=============================================================================================================
Surplus or deficit (-)................. ......... 486 -179 71 -321 233 191 265 526 166
Fund balance at end of year............ ......... 486 307 378 57 290 481 746 1,272 1,438
=============================================================================================================
Invested balance....................... ......... 479 281 358 13 257 478 700 1,231 1,378
Uninvested balance..................... ......... 7 25 20 44 33 3 46 41 60
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.
[[Page 244]]
Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICAL TRUST FUNDS: 1936-2002--Continued
(in millions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1976 TQ 1977 1978 1979 1980 1981 1982 1983 1984
--------------------------------------------------------------------------------------------------------------------------------------------------------
Old age and survivors insurance fund:
Cash income:
Social insurance taxes and
contributions........................ 58,703 15,886 68,032 73,141 83,410 96,581 117,757 122,840 128,972 150,312
Intragovernmental receipts:
Employer share, employee retirement
(952).............................. 852 220 863 906 948 1,027 1,259 1,406 1,534 1,852
Interest (903)..................... 2,344 80 2,279 2,151 1,920 1,886 2,015 1,707 1,396 2,752
Other.............................. 425 ......... 614 613 615 557 540 675 18,683 8,400
-------------------------------------------------------------------------------------------------------------
Total intragovernmental receipts.. 3,621 300 3,756 3,670 3,483 3,470 3,814 3,788 21,613 13,004
Other cash income.................... 3 * 8 * * * * * * *
-------------------------------------------------------------------------------------------------------------
Total cash income................ 62,327 16,186 71,795 76,811 86,893 100,051 121,572 126,629 150,586 163,315
=============================================================================================================
Cash outgo:
Benefit payments..................... 62,140 16,876 71,271 78,524 87,592 100,615 119,413 134,655 148,312 155,846
Payments to the railroad retirement
account.............................. 1,212 ......... 1,208 1,589 1,448 1,442 1,585 1,793 2,251 2,404
Interest payments.................... ......... ......... ......... ......... ......... ......... ......... ......... 1,544 2,565
Administrative expenses.............. 935 234 993 1,086 1,077 1,160 1,302 1,475 1,552 1,585
Other outgo (mainly for vocational
rehabilitation)\1\................... 9 1 7 6 12 10 4 6 330 6
-------------------------------------------------------------------------------------------------------------
Total cash outgo................. 64,296 17,110 73,479 81,205 90,129 103,227 122,304 137,929 153,989 162,406
=============================================================================================================
Surplus or deficit (-)................. -1,969 -924 -1,683 -4,394 -3,236 -3,176 -733 -11,300 -3,403 909
=============================================================================================================
Borrowing or repayment (-) of borrowing
from other trust funds................. ......... ......... ......... ......... ......... ......... ......... ......... 17,519 .........
Fund balance, end of year.............. 37,992 37,068 35,384 30,990 27,754 24,578 23,845 12,545 26,661 27,570
=============================================================================================================
Invested balance....................... 37,968 37,055 35,410 30,967 27,328 23,577 23,255 11,932 25,503 27,224
Uninvested balance..................... 25 13 -25 23 426 1,000 590 614 1,158 346
=============================================================================================================
Disability insurance trust fund:
Cash income:
Social insurance taxes and
contributions........................ 7,686 2,130 8,786 12,250 14,584 16,628 12,418 20,626 18,348 15,763
Intragovernmental receipts:
Employer share, employee retirement
(952).............................. 111 29 114 154 166 177 171 240 244 192
Interest (903)..................... 468 13 372 251 305 454 273 363 449 558
Other.............................. 90 ......... 103 128 142 118 130 168 2,447 753
-------------------------------------------------------------------------------------------------------------
Total interfund receipts......... 669 42 589 533 612 749 574 772 3,140 1,503
Other intragovernmental receipts...... ......... ......... ......... ......... ......... 11 ......... ......... ......... .........
-------------------------------------------------------------------------------------------------------------
Total intragovernmental receipts.. 669 42 589 533 612 760 574 772 3,140 1,503
Inter-trust interest (from OASI)...... ......... ......... ......... ......... ......... ......... ......... ......... 419 546
Other cash income.................... * ......... * * * * * * * *
-------------------------------------------------------------------------------------------------------------
Total cash income................ 8,355 2,172 9,374 12,784 15,196 17,388 12,992 21,398 21,907 17,812
=============================================================================================================
Cash outgo:
Benefit payments..................... 9,222 2,555 11,135 12,214 13,428 14,899 16,853 17,399 17,588 17,735
Payments to the railroad retirement
account.............................. 26 ......... -* 30 30 ......... 29 26 28 22
Administrative expenses.............. 266 71 378 327 402 334 402 572 659 585
Interest payments.................... ......... ......... ......... ......... ......... ......... ......... ......... 13 77
Other outgo (mainly vocational
rehabilitation)...................... 92 27 77 84 84 99 -4 37 4 40
-------------------------------------------------------------------------------------------------------------
Total cash outgo................. 9,606 2,653 11,590 12,655 13,944 15,332 17,280 18,035 18,291 18,459
=============================================================================================================
Surplus or deficit (-)................. -1,251 -481 -2,216 128 1,252 2,057 -4,288 3,363 3,615 -647
=============================================================================================================
Lending (-) or repayment of loans to
OASI fund.............................. ......... ......... ......... ......... ......... ......... ......... ......... -5,081 .........
Fund balance, end of year.............. 6,941 6,460 4,245 4,373 5,625 7,682 3,394 6,757 5,291 4,644
=============================================================================================================
Invested balance....................... 6,931 6,453 4,242 4,352 5,583 7,674 3,392 6,753 5,288 4,656
Uninvested balance..................... 10 7 3 21 43 7 2 4 2 -12
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.
[[Page 245]]
Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICAL TRUST FUNDS: 1936-2002--Continued
(in millions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1976 TQ 1977 1978 1979 1980 1981 1982 1983 1984
--------------------------------------------------------------------------------------------------------------------------------------------------------
Hospital insurance trust fund:
Cash income:
Social insurance taxes and
contributions........................ 11,987 3,457 13,474 16,668 19,874 23,217 30,340 34,301 35,641 40,262
Intragovernmental receipts:
Employer share, employee retirement
(951)\2\........................... 175 45 175 206 228 249 332 397 1,054 1,306
Interest (902)..................... 716 12 771 797 883 1,061 1,325 1,873 1,656 1,686
Interest from OASI................. ......... ......... ......... ......... ......... ......... ......... ......... 1,028 1,337
Other.............................. 658 ......... 944 860 907 871 834 1,015 4,541 1,106
-------------------------------------------------------------------------------------------------------------
Total intragovernmental receipts.. 1,549 57 1,890 1,863 2,018 2,182 2,490 3,285 8,279 5,435
Other (proprietary) receipts:
Premium income..................... 8 2 11 12 17 17 21 25 26 35
Other (after 1984, mainly for kidney
dialysis).......................... * ......... * * 1 * * * 3 *
-------------------------------------------------------------------------------------------------------------
Total cash income................ 13,544 3,516 15,374 18,543 21,910 25,415 32,851 37,611 43,949 45,732
=============================================================================================================
Cash outgo:
Benefit payments..................... 12,267 3,314 14,906 17,415 19,898 23,793 28,909 34,344 38,102 41,461
Administrative expenses.............. 308 88 295 442 443 486 333 510 519 632
Interest on normalized transfers...... ......... ......... ......... ......... ......... ......... ......... ......... 27 187
Other................................ 4 1 7 4 1 8 7 10 -97 15
-------------------------------------------------------------------------------------------------------------
Total cash outgo................. 12,579 3,404 15,207 17,862 20,343 24,288 29,248 34,864 38,551 42,295
=============================================================================================================
Surplus or deficit (-)................. 966 112 167 681 1,567 1,127 3,603 2,747 5,398 3,437
=============================================================================================================
Lending (-) or repayment of loans to
OASI fund.............................. ......... ......... ......... ......... ......... ......... ......... ......... -12,437 .........
Fund balance, end of year.............. 10,836 10,948 11,115 11,796 13,363 14,490 18,093 20,840 13,800 17,237
=============================================================================================================
Invested balance....................... 10,942 11,009 10,974 11,757 13,164 14,656 18,191 20,800 13,514 16,982
Uninvested balance..................... -106 -62 141 39 199 -166 -99 40 286 255
=============================================================================================================
Supplementary medical insurance trust
fund:
Cash income:
Offsetting collections:
Intragovernmental receipts:
Interest (902)................... 104 4 137 229 363 416 384 473 680 807
Federal contributions............ 2,939 878 5,053 6,386 6,841 6,932 8,747 13,323 14,238 16,811
-------------------------------------------------------------------------------------------------------------
Total intragovernmental receipts 3,043 882 5,190 6,614 7,204 7,347 9,132 13,796 14,918 17,618
Premium income:
From aged participants........... 1,769 492 1,987 2,186 2,373 2,637 2,987 3,460 3,834 4,463
From disabled participants........ 168 46 206 245 263 291 332 371 393 444
-------------------------------------------------------------------------------------------------------------
Total premium income........... 1,937 539 2,193 2,431 2,636 2,928 3,319 3,831 4,227 4,907
Other.............................. * ......... * * * * * * 1 *
-------------------------------------------------------------------------------------------------------------
Total cash income................ 4,980 1,421 7,383 9,045 9,840 10,275 12,451 17,627 19,147 22,526
=============================================================================================================
Cash outgo:
Benefit payments..................... 4,671 1,269 5,865 6,852 8,259 10,144 12,345 14,806 17,487 19,475
Administrative expenses.............. 528 132 475 494 544 594 889 746 823 899
Other................................ 1 * 2 4 1 8 7 7 6 .........
-------------------------------------------------------------------------------------------------------------
Total cash outgo................. 5,200 1,401 6,342 7,350 8,805 10,746 13,240 15,559 18,317 20,374
=============================================================================================================
Surplus or deficit (-)................. -220 20 1,041 1,696 1,035 -471 -789 2,068 830 2,151
Fund balance at end of year............ 1,219 1,239 2,279 3,975 5,010 4,539 3,750 5,818 6,648 8,799
=============================================================================================================
Invested balance....................... 1,230 1,244 2,232 4,021 4,974 4,558 3,821 5,874 6,958 9,117
Uninvested balance..................... -12 -5 47 -45 36 -19 -72 -56 -310 -318
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.
[[Page 246]]
Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICAL TRUST FUNDS: 1936-2002--Continued
(in millions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1985 1986 1987 1988 1989 1990 1991 1992 1993 1994
--------------------------------------------------------------------------------------------------------------------------------------------------------
Old age and survivors insurance fund:
Cash income:
Social insurance taxes and
contributions........................ 169,822 182,518 194,541 220,337 240,595 255,031 265,503 273,137 281,735 302,607
Intragovernmental receipts:
Employer share, employee retirement
(952).............................. 2,288 2,608 3,011 4,000 4,432 5,038 5,242 5,508 5,796 5,787
Interest (903)..................... 3,537 3,698 4,495 6,758 10,649 15,125 19,164 22,557 25,822 28,505
Other.............................. 6,639 7,544 5,447 5,501 5,819 4,405 5,838 5,949 5,967 5,378
-------------------------------------------------------------------------------------------------------------
Total intragovernmental receipts.. 12,465 13,850 12,953 16,259 20,900 24,568 30,244 34,015 37,585 39,670
Other cash income.................... * * 30 * * * * * 4 *
-------------------------------------------------------------------------------------------------------------
Total cash income................ 182,287 196,368 207,525 236,596 261,495 279,599 295,747 307,152 319,325 342,278
=============================================================================================================
Cash outgo:
Benefit payments..................... 165,422 174,364 182,055 192,541 204,648 218,957 236,120 251,317 264,582 276,291
Payments to the railroad retirement
account.............................. 2,310 2,585 2,557 2,790 2,845 2,969 3,375 3,148 3,353 3,420
Interest payments.................... 2,293 1,013 625 836 989 982 418 ......... -* .........
Administrative expenses.............. 1,588 1,610 1,542 1,730 1,658 1,566 1,747 1,824 2,026 1,876
Military service credit adjustment... ......... ......... ......... ......... ......... ......... 2,114 ......... ......... .........
Other outgo (mainly for vocational
rehabilitation)...................... * ......... ......... -* ......... * * ......... * .........
-------------------------------------------------------------------------------------------------------------
Total cash outgo................. 171,614 179,572 186,780 197,897 210,141 224,475 243,774 256,290 269,960 281,586
=============================================================================================================
Surplus or deficit (-)................. 10,673 16,797 20,745 38,700 51,354 55,125 51,972 50,862 49,364 60,691
=============================================================================================================
Borrowing or repayment (-) of borrowing
from other trust funds................. -4,364 -13,155 ......... ......... ......... ......... ......... ......... ......... .........
Fund balance, end of year.............. 33,879 37,521 58,266 96,966 148,320 203,445 255,417 306,280 355,644 416,335
=============================================================================================================
Invested balance....................... 30,971 36,948 58,356 97,137 148,565 203,717 255,557 306,524 355,510 413,425
Uninvested balance..................... 2,908 573 -89 -171 -245 -271 -140 -244 134 2,911
=============================================================================================================
Disability insurance trust fund:
Cash income:
Social insurance taxes and
contributions........................ 16,348 17,711 18,861 21,154 23,071 26,625 28,382 29,289 30,199 32,419
Intragovernmental receipts:
Employer share, employee retirement
(952).............................. 221 249 289 382 426 529 562 593 620 622
Interest (903)..................... 580 631 795 657 745 866 1,058 1,080 966 698
Other.............................. 548 1,427 167 266 335 302 133 217 279 310
-------------------------------------------------------------------------------------------------------------
Total intragovernmental receipts.. 1,349 2,308 1,251 1,306 1,506 1,697 1,753 1,890 1,865 1,631
Inter-trust interest (from OASI)...... 365 159 ......... ......... ......... ......... ......... ......... ......... .........
Other cash income.................... * * 3 * ......... * * * 2 *
-------------------------------------------------------------------------------------------------------------
Total cash income................ 18,062 20,177 20,115 22,460 24,577 28,322 30,135 31,179 32,065 34,049
=============================================================================================================
Cash outgo:
Benefit payments\3\.................. 18,654 19,526 20,421 21,395 22,516 24,306 26,871 30,360 33,588 36,823
Payments to the railroad retirement
account.............................. 43 68 57 61 88 80 82 58 83 106
Administrative expenses.............. 603 600 738 803 747 707 785 843 932 1,018
Interest payments.................... 69 45 60 80 95 100 45 ......... ......... .........
Military service credit adjustment... ......... ......... ......... ......... ......... ......... 775 ......... ......... .........
Other outgo (mainly vocational
rehabilitation)...................... 3 4 15 21 40 38 34 34 38 37
-------------------------------------------------------------------------------------------------------------
Total cash outgo................. 19,372 20,243 21,290 22,360 23,487 25,230 28,592 31,295 34,641 37,984
=============================================================================================================
Surplus or deficit (-)................. -1,310 -66 -1,175 100 1,090 3,091 1,543 -116 -2,576 -3,935
=============================================================================================================
Lending (-) or repayment of loans to
OASI fund.............................. 2,540 2,541 ......... ......... ......... ......... ......... ......... ......... .........
Fund balance, end of year.............. 5,874 8,349 7,174 7,273 8,364 11,455 12,998 12,881 10,305 6,371
=============================================================================================================
Invested balance....................... 5,704 8,335 7,193 7,345 8,428 11,505 13,105 12,918 10,237 6,100
Uninvested balance..................... 170 14 -19 -72 -65 -50 -107 -36 69 271
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.
[[Page 247]]
Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICAL TRUST FUNDS: 1936-2002--Continued
(in millions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1985 1986 1987 1988 1989 1990 1991 1992 1993 1994
--------------------------------------------------------------------------------------------------------------------------------------------------------
Hospital insurance trust fund:
Cash income:
Social insurance taxes and
contributions........................ 44,871 51,335 55,992 59,859 65,396 68,556 72,842 79,108 81,224 90,062
Intragovernmental receipts:
Employer share, employee retirement
(951).............................. 1,449 1,604 1,700 1,884 2,007 2,153 2,205 2,324 2,375 2,440
Interest (902)\2\.................. 2,016 2,809 3,994 5,169 6,603 7,943 8,992 10,054 10,581 10,593
Interest from OASI................. 1,207 383 ......... ......... ......... ......... ......... ......... ......... .........
Federal Payment (OASI taxes)....... ......... ......... ......... ......... ......... ......... ......... ......... ......... 1,639
Other.............................. 1,348 254 999 1,045 1,070 798 631 706 495 608
-------------------------------------------------------------------------------------------------------------
Total intragovernmental receipts.. 6,020 5,049 6,693 8,098 9,679 10,894 11,828 13,084 13,450 15,280
Other (proprietary) receipts:
Premium income..................... 38 40 40 42 42 113 367 484 622 852
Other (after 1984, mainly for kidney
dialysis).......................... * * 9 * ......... * * * 1 1
-------------------------------------------------------------------------------------------------------------
Total cash income................ 50,928 56,424 62,735 67,999 75,117 79,563 85,038 92,677 95,297 106,195
=============================================================================================================
Cash outgo:
Benefit payments\4\.................. 47,710 48,867 49,804 51,862 57,317 65,722 68,486 80,584 90,535 101,350
Administrative expenses.............. 813 667 827 707 805 774 937 1,187 866 1,235
Interest on normalized transfers...... 13 ......... ......... ......... ......... ......... ......... ......... ......... .........
Military service credit adjustment... ......... ......... ......... ......... ......... ......... 1,100 ......... ......... .........
Other\4\............................. 131 151 172 160 116 190 218 200 203 185
-------------------------------------------------------------------------------------------------------------
Total cash outgo................. 48,667 49,685 50,803 52,730 58,238 66,687 70,742 81,971 91,604 102,770
=============================================================================================================
Surplus or deficit (-)................. 2,261 6,739 11,932 15,270 16,880 12,876 14,296 10,706 3,693 3,425
=============================================================================================================
Lending (-) or repayment of loans to
OASI fund.............................. 1,824 10,613 ......... ......... ......... ......... ......... ......... ......... .........
Transfer of CHI balances............... ......... ......... ......... ......... ......... ......... ......... ......... 1,805 .........
Fund balance, end of year.............. 21,322 38,674 50,606 65,876 82,755 95,631 109,927 120,633 126,131 129,555
=============================================================================================================
Invested balance....................... 21,176 38,340 50,779 66,078 82,689 96,249 109,327 120,647 126,078 128,716
Uninvested balance..................... 146 334 -173 -202 66 -617 600 -13 52 840
=============================================================================================================
Supplementary medical insurance trust
fund:
Cash income:
Individual income taxes\5\........... ......... ......... ......... ......... 527 -527 ......... ......... ......... .........
Offsetting collections:
Intragovernmental receipts:
Interest (902)\5\................ 1,154 1,228 1,019 828 1,025 1,427 1,627 1,716 1,888 2,116
Federal contributions............ 17,898 18,076 20,299 25,418 30,712 33,210 34,730 38,684 44,227 38,355
-------------------------------------------------------------------------------------------------------------
Total intragovernmental receipts 19,052 19,304 21,318 26,246 31,737 34,637 36,358 40,400 46,114 40,471
Premium income:
From aged participants........... 5,042 5,200 5,897 7,963 10,603 10,499 10,741 11,564 13,255 15,212
From disabled participants........ 482 500 582 793 945 995 1,066 1,184 1,428 1,683
-------------------------------------------------------------------------------------------------------------
Total premium income........... 5,524 5,699 6,480 8,756 11,548 11,494 11,807 12,748 14,683 16,895
Other\6\........................... -* * * * ......... 3 1 1 1 2
-------------------------------------------------------------------------------------------------------------
Total cash income................ 24,576 25,004 27,797 35,002 43,812 45,607 48,166 53,149 60,799 57,367
=============================================================================================================
Cash outgo:
Benefit payments\4\.................. 21,808 25,166 29,932 33,677 36,854 41,450 45,456 48,595 52,398 57,997
Administrative expenses\5\........... 923 1,051 900 1,265 1,450 1,524 1,507 1,658 1,845 1,718
Other\4\............................. ......... ......... 5 4 13 47 58 32 11 10
-------------------------------------------------------------------------------------------------------------
Total cash outgo................. 22,730 26,217 30,837 34,947 38,316 43,022 47,021 50,285 54,254 59,724
=============================================================================================================
Surplus or deficit (-)................. 1,846 -1,214 -3,039 55 5,495 2,585 1,145 2,863 6,545 -2,357
Transfer of CHI balances............... ......... ......... ......... ......... ......... ......... ......... ......... -1,805 .........
Fund balance at end of year............ 10,645 9,431 6,392 6,447 11,942 14,527 15,672 18,535 23,276 20,919
=============================================================================================================
Invested balance....................... 10,736 9,424 6,166 6,326 11,928 14,286 16,241 18,534 23,268 21,489
Uninvested balance..................... -91 7 226 121 15 241 -569 2 8 -570
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.
[[Page 248]]
Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICAL TRUST FUNDS: 1936-2002--Continued
(in millions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1996 1997 1998 1999 2000 2001 2002
1995 estimate estimate estimate estimate estimate estimate estimate
--------------------------------------------------------------------------------------------------------------------------------------------------------
Old age and survivors insurance fund:
Cash income:
Social insurance taxes and contributions.................... 284,091 311,713 333,335 350,613 369,145 385,614 402,798 422,820
Intragovernmental receipts:
Employer share, employee retirement (952)................. 5,434 5,337 5,737 6,150 6,651 7,225 7,715 8,433
Interest (903)........................................... 31,417 33,985 36,185 38,782 41,424 44,453 47,681 51,248
Other.................................................... 5,143 5,742 6,623 7,194 7,665 8,167 8,706 9,281
---------------------------------------------------------------------------------------
Total intragovernmental receipts........................ 41,994 45,064 48,545 52,126 55,740 59,845 64,102 68,962
Other cash income.......................................... ......... ......... ......... ......... ......... ......... ......... .........
---------------------------------------------------------------------------------------
Total cash income...................................... 326,085 356,777 381,880 402,739 424,885 445,459 466,900 491,782
=======================================================================================
Cash outgo:
Benefit payments........................................... 288,617 300,322 313,526 328,170 342,545 357,868 373,978 390,880
Payments to the railroad retirement account................. 4,052 3,735 3,781 3,807 3,842 3,887 3,924 3,956
Interest payments.......................................... ......... ......... ......... ......... ......... ......... ......... .........
Administrative expenses.................................... 1,805 2,024 2,280 2,051 2,168 2,173 2,225 2,280
Military service credit adjustment......................... ......... 129 ......... ......... ......... ......... ......... .........
Other outgo (mainly for vocational rehabilitation).......... ......... ......... ......... ......... ......... ......... ......... .........
---------------------------------------------------------------------------------------
Total cash outgo....................................... 294,474 306,210 319,587 334,028 348,555 363,928 380,127 397,116
=======================================================================================
Surplus or deficit (-)....................................... 31,611 50,567 62,293 68,711 76,330 81,531 86,773 94,666
=======================================================================================
Borrowing or repayment (-) of borrowing from other trust funds ......... ......... ......... ......... ......... ......... ......... .........
Fund balance, end of year.................................... 447,946 498,513 560,806 629,517 705,847 787,378 874,151 969,117
=======================================================================================
Invested balance............................................. 447,946 498,512 560,805 629,516 705,846 787,377 874,150 969,116
Uninvested balance........................................... ......... 1 1 1 1 1 1 1
=======================================================================================
Disability insurance trust fund:
Cash income:
Social insurance taxes and contributions.................... 66,988 55,728 54,680 55,685 58,642 64,344 68,407 71,803
Intragovernmental receipts:
Employer share, employee retirement (952)................. 998 954 927 977 1,057 1,211 1,311 1,432
Interest (903)........................................... 1,888 2,455 3,176 3,660 4,037 4,409 4,884 5,343
Other.................................................... 341 373 408 448 492 541 591 647
---------------------------------------------------------------------------------------
Total intragovernmental receipts........................ 3,227 3,782 4,511 5,085 5,586 6,161 6,786 7,422
Inter-trust interest (from OASI)............................ ......... ......... ......... ......... ......... ......... ......... .........
Other cash income.......................................... ......... ......... ......... ......... ......... ......... ......... .........
---------------------------------------------------------------------------------------
Total cash income...................................... 70,215 59,510 59,191 60,770 64,228 70,505 75,193 79,225
=======================================================================================
Cash outgo:
Benefit payments\3\........................................ 40,201 43,644 47,095 50,924 54,931 59,140 63,553 68,222
Payments to the railroad retirement account................. 68 35 57 89 109 122 125 135
Administrative expenses.................................... 1,064 1,090 1,275 1,121 1,179 1,180 1,209 1,241
Interest payments.......................................... ......... 18 ......... ......... ......... ......... ......... .........
Military service credit adjustment......................... ......... 203 ......... ......... ......... ......... ......... .........
Other outgo (mainly vocational rehabilitation).............. 47 76 84 ......... ......... ......... ......... .........
---------------------------------------------------------------------------------------
Total cash outgo....................................... 41,380 45,066 48,511 52,134 56,219 60,442 64,887 69,598
=======================================================================================
Surplus or deficit (-)....................................... 28,835 14,444 10,680 8,636 8,009 10,063 10,306 9,627
=======================================================================================
Lending (-) or repayment of loans to OASI fund................ ......... ......... ......... ......... ......... ......... ......... .........
Fund balance, end of year.................................... 35,205 49,649 60,329 68,965 76,974 87,037 97,343 106,970
=======================================================================================
Invested balance............................................. 35,205 49,648 60,328 68,964 76,973 87,036 97,342 106,969
Uninvested balance........................................... ......... 1 1 1 1 1 1 1
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.
[[Page 249]]
Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICAL TRUST FUNDS: 1936-2002--Continued
(in millions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1996 1997 1998 1999 2000 2001 2002
1995 estimate estimate estimate estimate estimate estimate estimate
--------------------------------------------------------------------------------------------------------------------------------------------------------
Hospital insurance trust fund:
Cash income:
Social insurance taxes and contributions.................... 96,024 101,848 108,770 114,258 120,482 126,902 133,093 139,939
Intragovernmental receipts:
Employer share, employee retirement (951)................. 2,449 2,366 2,430 2,541 2,671 2,831 2,958 3,140
Interest (902)\2\........................................ 10,871 10,514 9,941 9,721 9,455 11,127 8,790 8,309
Federal Payment (OASI taxes)............................. 3,913 4,069 4,349 4,632 4,924 5,232 5,559 5,908
Other.................................................... 591 558 624 372 321 293 288 284
---------------------------------------------------------------------------------------
Total intragovernmental receipts........................ 17,824 17,507 17,344 17,266 17,371 19,483 17,595 17,641
Other (proprietary) receipts:
Premium income........................................... 998 1,100 1,101 1,164 1,241 1,311 1,400 1,501
Other (after 1984, mainly for kidney dialysis)............ 1 ......... ......... ......... ......... ......... ......... .........
---------------------------------------------------------------------------------------
Total cash income...................................... 114,847 120,455 127,215 132,688 139,094 147,696 152,088 159,081
=======================================================================================
Cash outgo:
Benefit payments\4\........................................ 113,402 124,636 122,543 128,932 136,415 143,062 151,937 161,340
Administrative expenses.................................... 1,300 1,321 1,389 1,408 1,437 1,464 1,520 1,581
Other\4\................................................... 181 574 256 ......... ......... ......... ......... .........
---------------------------------------------------------------------------------------
Total cash outgo....................................... 114,883 126,531 124,188 130,340 137,852 144,526 153,457 162,921
=======================================================================================
Surplus or deficit (-)....................................... -36 -6,076 3,027 2,348 1,242 3,170 -1,369 -3,840
Adjustment to balances....................................... -2 ......... ......... ......... ......... ......... ......... .........
Fund balance, end of year.................................... 129,518 123,442 126,469 128,817 130,059 133,229 131,860 128,020
=======================================================================================
Invested balance............................................. 129,862 123,441 126,468 128,816 130,058 133,228 131,859 128,019
Uninvested balance........................................... -344 1 1 1 1 1 1 1
=======================================================================================
Supplementary medical insurance trust fund:
Cash income:
Offsetting collections:
Intragovernmental receipts:
Interest (902)\5\...................................... 1,935 1,785 2,201 2,291 2,279 2,239 2,237 2,324
Federal contributions.................................. 36,988 61,331 67,323 74,265 80,647 86,991 96,947 106,717
---------------------------------------------------------------------------------------
Total intragovernmental receipts...................... 38,923 63,116 69,524 76,556 82,926 89,230 99,184 109,041
Premium income:
From aged participants................................. 17,126 16,622 16,667 17,902 19,402 21,075 23,358 25,728
From disabled participants.............................. 2,117 2,120 2,231 2,519 2,858 3,233 3,718 4,236
---------------------------------------------------------------------------------------
Total premium income................................. 19,243 18,742 18,898 20,421 22,260 24,308 27,076 29,964
Other\6\................................................. 3 ......... ......... ......... ......... ......... ......... .........
---------------------------------------------------------------------------------------
Total cash income...................................... 58,169 81,858 88,422 96,977 105,186 113,538 126,260 139,005
=======================================================================================
Cash outgo:
Benefit payments\4\........................................ 63,482 68,969 83,888 94,083 101,887 109,991 121,116 133,228
Administrative expenses\5\................................. 1,722 1,914 2,017 2,070 2,157 2,212 2,289 2,363
Other\4\................................................... 9 14 13 ......... ......... ......... ......... .........
---------------------------------------------------------------------------------------
Total cash outgo....................................... 65,213 70,897 85,918 96,153 104,044 112,203 123,405 135,591
=======================================================================================
Surplus or deficit (-)....................................... -7,044 10,961 2,504 824 1,142 1,335 2,855 3,414
Fund balance at end of year.................................. 13,874 24,835 27,339 28,163 29,305 30,640 33,495 36,909
=======================================================================================
Invested balance............................................. 13,513 24,834 27,338 28,162 29,304 30,639 33,494 36,908
Uninvested balance........................................... 361 1 1 1 1 1 1 1
--------------------------------------------------------------------------------------------------------------------------------------------------------
* $500 thousand or less.
\1\ In 1983, includes $329.3 million loss on sale of securities.
\2\ Starting in 1983, includes amounts from Postal Service.
\3\ For years after 1997, includes outlays for vocational rehabilitation.
\4\ For years after 1997, outlays for peer review organizations are included in the benefit payments line.
\5\ For 1989 and 1990, includes transactions and balances of the HI and SMI Catastrophic Insurance trust funds, which began in 1989 and were abolished
in 1990.
\6\ For years after 1986, receipts for kidney dialysis.
Note: Offsetting collections from Federal sources that are credited to the Old Age and Survivors insurance account are treated as offsets to cash outgo
rather than as cash income.