[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 Publishing Office, www.gpo.gov]
[[Page 244]]
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 245]]
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 246]]
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 247]]
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 (mainly 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 248]]
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 249]]
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 (mainly 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 250]]
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 251]]
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 (mainly 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 252]]
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.................... 284,091 311,869 334,139 349,435 366,905 382,988 399,730 418,751
Intragovernmental receipts:
Employer share, employee retirement (952)................. 5,434 5,326 5,601 6,064 6,586 7,157 7,644 8,361
Interest (903)........................................... 31,417 34,026 37,723 41,087 44,622 48,135 51,693 55,478
Other.................................................... 5,143 5,772 6,543 7,187 7,632 8,142 8,695 9,288
---------------------------------------------------------------------------------------
Total intragovernmental receipts........................ 41,994 45,124 49,867 54,338 58,840 63,434 68,032 73,127
---------------------------------------------------------------------------------------
Total cash income...................................... 326,085 356,993 384,006 403,773 425,745 446,422 467,762 491,878
=======================================================================================
Cash outgo:
Benefit payments........................................... 288,617 299,985 313,421 326,537 340,489 355,606 371,504 388,457
Payments to the railroad retirement account................. 4,052 3,554 3,755 3,789 3,847 3,873 3,801 3,902
Administrative expenses.................................... 1,805 1,793 2,324 2,358 2,356 2,091 2,031 2,034
Military service credit adjustment......................... ......... 129 ......... ......... ......... ......... 549 .........
---------------------------------------------------------------------------------------
Total cash outgo....................................... 294,474 305,461 319,500 332,684 346,692 361,570 377,885 394,393
=======================================================================================
Surplus or deficit (-)....................................... 31,611 51,532 64,506 71,089 79,053 84,852 89,877 97,485
=======================================================================================
Fund balance, end of year.................................... 447,946 499,478 563,984 635,073 714,126 798,978 888,855 986,340
=======================================================================================
Invested balance............................................. 447,946 499,402 563,983 635,072 714,125 798,977 888,854 986,339
Uninvested balance........................................... ......... 76 1 1 1 1 1 1
=======================================================================================
Disability insurance trust fund:
Cash income:
Social insurance taxes and contributions.................... 66,988 55,623 54,764 55,509 58,291 63,908 67,887 71,114
Intragovernmental receipts:
Employer share, employee retirement (952)................. 998 952 904 964 1,047 1,199 1,298 1,420
Interest (903)........................................... 1,888 2,481 3,515 4,112 4,606 5,046 5,579 6,076
Other.................................................... 341 378 403 448 489 537 590 646
---------------------------------------------------------------------------------------
Total intragovernmental receipts........................ 3,227 3,811 4,822 5,524 6,142 6,782 7,467 8,142
---------------------------------------------------------------------------------------
Total cash income...................................... 70,215 59,434 59,586 61,033 64,433 70,690 75,354 79,256
=======================================================================================
Cash outgo:
Benefit payments \3\...................................... 40,201 43,231 46,686 50,232 53,956 58,146 62,582 67,219
Payments to the railroad retirement account................. 68 2 62 98 117 130 102 140
Administrative expenses.................................... 1,064 1,074 1,400 1,276 1,233 1,217 1,205 1,207
Military service credit adjustment......................... ......... 203 ......... ......... ......... ......... 4 .........
Other outgo (mainly vocational rehabilitation).............. 47 48 67 57 ......... ......... ......... .........
---------------------------------------------------------------------------------------
Total cash outgo....................................... 41,380 44,558 48,215 51,663 55,306 59,493 63,893 68,566
=======================================================================================
Surplus or deficit (-)....................................... 28,835 14,876 11,371 9,370 9,127 11,197 11,461 10,690
=======================================================================================
Fund balance, end of year.................................... 35,205 50,081 61,452 70,822 79,949 91,146 102,607 113,297
=======================================================================================
Invested balance............................................. 35,205 50,080 61,451 70,821 79,948 91,145 102,606 113,296
Uninvested balance........................................... ......... 1 1 1 1 1 1 1
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.
[[Page 253]]
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.................... 96,024 104,997 109,180 114,167 119,975 126,291 132,381 138,908
Intragovernmental receipts:
Employer share, employee retirement (951)................. 2,449 2,382 2,470 2,625 2,777 2,942 3,072 3,259
Interest (902) \2\...................................... 10,871 10,389 9,949 9,192 9,067 8,913 8,819 8,651
Federal Payment (OASI taxes)............................. 3,913 4,069 4,163 4,351 4,588 4,945 5,308 5,701
Other.................................................... 591 554 903 473 626 629 663 695
---------------------------------------------------------------------------------------
Total intragovernmental receipts........................ 17,824 17,394 17,485 16,641 17,058 17,429 17,862 18,306
Other (mainly proprietary) receipts:
Premium income........................................... 998 1,107 1,265 1,205 1,270 1,324 1,416 1,507
Other (after 1984, mainly for kidney dialysis)............ 1 1 50 50 53 58 67 77
---------------------------------------------------------------------------------------
Total cash income...................................... 114,847 123,499 127,980 132,063 138,356 145,102 151,726 158,798
=======================================================================================
Cash outgo:
Benefit payments \4\...................................... 113,402 123,908 136,022 127,761 133,972 138,229 147,129 155,305
Administrative expenses.................................... 1,300 1,228 1,193 1,253 1,242 1,194 1,194 1,201
Military service credit adjustment......................... ......... 2,366 ......... ......... ......... ......... ......... .........
Other \4\................................................. 181 181 847 938 764 864 950 1,010
---------------------------------------------------------------------------------------
Total cash outgo....................................... 114,883 127,683 138,062 129,952 135,978 140,287 149,273 157,516
=======================================================================================
Surplus or deficit (-)....................................... -36 -4,184 -10,082 2,111 2,378 4,815 2,453 1,282
Adjustment to balances....................................... ......... * ......... ......... ......... ......... ......... .........
Fund balance, end of year.................................... 129,520 125,336 115,254 117,365 119,743 124,558 127,011 128,293
=======================================================================================
Invested balance............................................. 129,864 125,803 115,253 117,364 119,742 124,557 127,010 128,292
Uninvested balance........................................... -344 -467 1 1 1 1 1 1
=======================================================================================
Supplementary medical insurance trust fund:
Cash income:
Offsetting collections:
Intragovernmental receipts:
Interest (902) \5\.................................... 1,935 1,388 1,440 1,424 1,473 1,496 1,504 1,495
Federal contributions.................................. 36,988 61,702 59,354 78,084 84,092 89,554 97,332 106,509
---------------------------------------------------------------------------------------
Total intragovernmental receipts...................... 38,923 63,090 60,794 79,508 85,565 91,050 98,836 108,004
Premium income:
From aged participants................................. 17,126 16,858 16,779 18,030 19,530 21,033 22,755 24,868
From disabled participants.............................. 2,117 2,073 2,249 2,537 2,878 3,232 3,629 4,093
---------------------------------------------------------------------------------------
Total premium income................................. 19,243 18,931 19,028 20,567 22,408 24,265 26,384 28,961
Other \6\............................................... 3 4 ......... ......... ......... ......... ......... .........
---------------------------------------------------------------------------------------
Total cash income...................................... 58,169 82,025 79,822 100,075 107,973 115,315 125,220 136,965
=======================================================================================
Cash outgo:
Benefit payments \4\...................................... 63,482 67,167 74,924 97,346 105,719 113,106 122,990 134,668
Administrative expenses \5\............................... 1,722 1,770 1,550 1,544 1,533 1,517 1,518 1,521
Other \4\................................................. 9 9 13 14 ......... ......... ......... .........
---------------------------------------------------------------------------------------
Total cash outgo....................................... 65,213 68,946 76,487 98,904 107,252 114,623 124,508 136,189
=======================================================================================
Surplus or deficit (-)....................................... -7,044 13,079 3,335 1,171 721 692 712 776
Fund balance at end of year.................................. 13,874 26,953 30,288 31,459 32,180 32,872 33,584 34,360
=======================================================================================
Invested balance............................................. 13,513 27,175 30,287 31,458 32,179 32,871 33,583 34,359
Uninvested balance........................................... 361 -222 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 1998, includes outlays for vocational rehabilitation.
\4\ For years after 1998, 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. For years after 1999, reimbursements to Treasury for administrative services to each of the four Social Security trust
funds are included in the benefit payments line, rather than in the administrative expenses line.