[Historical Tables]
[Section 13 - Social Security and Medicare]
[Table 13.1 - Cash Income, Outgo, and Balances of the Social Security and Medicare Trust Funds: 1936-2005]
[From the U.S. Government Publishing Office, www.gpo.gov]
[[Page 258]]
Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICARE TRUST FUNDS: 1936-2005
(in millions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1936 1937 1938 1939 1940 1941 1942 1943 1944 1945
--------------------------------------------------------------------------------------------------------------------------------------------------------
Old age and survivors insurance fund:
Cash income:
Social insurance and retirement receipts........ ........ 265 387 503 550 688 896 1,130 1,292 1,310
Intragovernmental receipts:
Interest (903)............................... ........ 2 15 27 42 56 71 87 103 124
---------------------------------------------------------------------------------------------------
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
Administrative expenses........................ ........ ........ ........ ........ 12 27 27 27 33 27
---------------------------------------------------------------------------------------------------
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
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 MEDICARE TRUST FUNDS: 1936-2005--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 and retirement receipts........ 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
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
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 259]]
Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICARE TRUST FUNDS: 1936-2005--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 and retirement 6,425 6,457 7,138 7,418 9,671 11,104 11,267 13,117 15,242 15,567
receipts.............................
Intragovernmental receipts:
Employer share, employee retirement 18 83 130 147 171 189 203 224 260 263
(952)..............................
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 ......... ......... ......... 124 600 332 361 423 403 436
account..............................
Administrative expenses.............. 124 150 166 206 203 236 252 263 303 300
Other outgo (mainly for vocational ......... ......... -* -3 -3 -22 9 1 -1 3
rehabilitation)......................
-------------------------------------------------------------------------------------------------------------
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
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 and retirement ......... 332 911 878 970 1,005 1,004 1,058 1,124 1,156
receipts.............................
Intragovernmental receipts:
Employer share, employee retirement ......... 5 15 17 17 17 18 18 19 19
(952)..............................
Interest (903)..................... ......... 1 16 33 47 61 70 70 68 65
-------------------------------------------------------------------------------------------------------------
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
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 ......... ......... ......... ......... ......... 5 11 20 19 24
account..............................
Administrative expenses.............. ......... 1 12 21 32 36 66 69 70 82
Other outgo (mainly vocational ......... ......... -* -* * -1 * * -2 *
rehabilitation)......................
-------------------------------------------------------------------------------------------------------------
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
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 260]]
Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICARE TRUST FUNDS: 1936-2005--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 and retirement 17,556 22,197 22,265 25,484 29,396 31,354 35,132 40,703 47,778 55,207
receipts.............................
Intragovernmental receipts:
Employer share, employee retirement 310 370 397 469 559 561 579 615 677 810
(952)..............................
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 444 508 438 491 579 613 724 783 909 982
account..............................
Administrative expenses.............. 254 334 449 465 474 552 582 667 723 848
Other outgo (mainly for vocational 1 1 * 2 1 2 1 3 2 8
rehabilitation)......................
-------------------------------------------------------------------------------------------------------------
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
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 and retirement 1,530 2,204 2,651 3,469 4,063 4,490 4,775 5,381 6,147 7,250
receipts.............................
Intragovernmental receipts:
Employer share, employee retirement 27 45 48 63 78 79 78 80 87 106
(952)..............................
Interest (903)..................... 54 67 83 140 221 324 388 434 482 512
Other.............................. ......... 16 16 32 16 16 50 51 52 52
-------------------------------------------------------------------------------------------------------------
Total intragovernmental receipts.. 81 128 147 235 315 419 516 565 621 670
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 25 31 20 21 10 13 24 20 22 29
account..............................
Administrative expenses.............. 184 99 112 134 149 190 212 247 154 253
Other outgo (mainly vocational 2 7 15 15 16 21 28 39 49 71
rehabilitation)......................
-------------------------------------------------------------------------------------------------------------
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
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 261]]
Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICARE TRUST FUNDS: 1936-2005--Continued
(in millions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1966 1967 1968 1969 1970 1971 1972 1973 1974 1975
--------------------------------------------------------------------------------------------------------------------------------------------------------
Hospital insurance trust fund:
Cash income:
Social insurance and retirement 893 2,645 3,493 4,398 4,755 4,874 5,205 7,603 10,551 11,252
receipts.............................
Intragovernmental receipts:
Employer share, employee retirement 16 60 65 79 91 87 85 121 147 166
(951)..............................
Interest (902)..................... 6 46 61 96 139 183 190 198 408 614
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
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
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 and other.. ......... 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 all other 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 262]]
Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICARE TRUST FUNDS: 1936-2005--Continued
(in millions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1976 TQ 1977 1978 1979 1980 1981 1982
--------------------------------------------------------------------------------------------------------------------------------------------------------
Old age and survivors insurance fund:
Cash income:
Social insurance and retirement receipts.................... 58,703 15,886 68,032 73,141 83,410 96,581 117,757 122,840
Intragovernmental receipts:
Employer share, employee retirement (952)................. 852 220 863 906 948 1,027 1,259 1,406
Interest (903)........................................... 2,344 80 2,279 2,151 1,920 1,886 2,015 1,707
Other.................................................... 425 ......... 614 613 615 557 540 675
---------------------------------------------------------------------------------------
Total intragovernmental receipts........................ 3,621 300 3,756 3,670 3,483 3,470 3,814 3,788
Other cash income.......................................... 3 * 8 * * * * *
---------------------------------------------------------------------------------------
Total cash income...................................... 62,327 16,186 71,795 76,811 86,893 100,051 121,572 126,629
=======================================================================================
Cash outgo:
Benefit payments........................................... 62,140 16,876 71,271 78,524 87,592 100,615 119,413 134,655
Payments to the railroad retirement account................. 1,212 ......... 1,208 1,589 1,448 1,442 1,585 1,793
Administrative expenses.................................... 935 234 993 1,086 1,077 1,160 1,302 1,475
Other outgo (mainly for vocational rehabilitation).......... 9 1 7 6 12 10 4 6
---------------------------------------------------------------------------------------
Total cash outgo....................................... 64,296 17,110 73,479 81,205 90,129 103,227 122,304 137,929
=======================================================================================
Surplus or deficit (-)....................................... -1,969 -924 -1,683 -4,394 -3,236 -3,176 -733 -11,300
Fund balance, end of year.................................... 37,992 37,068 35,384 30,990 27,754 24,578 23,845 12,545
=======================================================================================
Invested balance............................................. 37,968 37,055 35,410 30,967 27,328 23,577 23,255 11,932
Uninvested balance........................................... 25 13 -25 23 426 1,000 590 614
=======================================================================================
Disability insurance trust fund:
Cash income:
Social insurance and retirement receipts.................... 7,686 2,130 8,786 12,250 14,584 16,628 12,418 20,626
Intragovernmental receipts:
Employer share, employee retirement (952)................. 111 29 114 154 166 177 171 240
Interest (903)........................................... 468 13 372 251 305 454 273 363
Other.................................................... 90 ......... 103 128 142 118 130 168
---------------------------------------------------------------------------------------
Total interfund receipts............................... 669 42 589 533 612 749 574 772
Other intragovernmental receipts............................ ......... ......... ......... ......... ......... 11 ......... .........
---------------------------------------------------------------------------------------
Total intragovernmental receipts........................ 669 42 589 533 612 760 574 772
Other cash income.......................................... * ......... * * * * * *
---------------------------------------------------------------------------------------
Total cash income...................................... 8,355 2,172 9,374 12,784 15,196 17,388 12,992 21,398
=======================================================================================
Cash outgo:
Benefit payments........................................... 9,222 2,555 11,135 12,214 13,428 14,899 16,853 17,399
Payments to the railroad retirement account................. 26 ......... -* 30 30 ......... 29 26
Administrative expenses.................................... 266 71 378 327 402 334 402 572
Other outgo (mainly vocational rehabilitation).............. 92 27 77 84 84 99 -4 37
---------------------------------------------------------------------------------------
Total cash outgo....................................... 9,606 2,653 11,590 12,655 13,944 15,332 17,280 18,035
=======================================================================================
Surplus or deficit (-)....................................... -1,251 -481 -2,216 128 1,252 2,057 -4,288 3,363
Fund balance, end of year.................................... 6,941 6,460 4,245 4,373 5,625 7,682 3,394 6,757
=======================================================================================
Invested balance............................................. 6,931 6,453 4,242 4,352 5,583 7,674 3,392 6,753
Uninvested balance........................................... 10 7 3 21 43 7 2 4
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.
[[Page 263]]
Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICARE TRUST FUNDS: 1936-2005--Continued
(in millions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1976 TQ 1977 1978 1979 1980 1981 1982
--------------------------------------------------------------------------------------------------------------------------------------------------------
Hospital insurance trust fund:
Cash income:
Social insurance and retirement receipts.................... 11,987 3,457 13,474 16,668 19,874 23,217 30,340 34,301
Intragovernmental receipts:
Employer share, employee retirement (951)................. 175 45 175 206 228 249 332 397
Interest (902)........................................... 716 12 771 797 883 1,061 1,325 1,873
Other.................................................... 658 ......... 944 860 907 871 834 1,015
---------------------------------------------------------------------------------------
Total intragovernmental receipts........................ 1,549 57 1,890 1,863 2,018 2,182 2,490 3,285
Other (mainly proprietary) receipts:
Premium income........................................... 8 2 11 12 17 17 21 25
Other (mainly proprietary interest)....................... * ......... * * 1 * * *
---------------------------------------------------------------------------------------
Total cash income...................................... 13,544 3,516 15,374 18,543 21,910 25,415 32,851 37,611
=======================================================================================
Cash outgo:
Benefit payments........................................... 12,267 3,314 14,906 17,415 19,898 23,793 28,909 34,344
Administrative expenses.................................... 308 88 295 442 443 486 333 510
Other...................................................... 4 1 7 4 1 8 7 10
---------------------------------------------------------------------------------------
Total cash outgo....................................... 12,579 3,404 15,207 17,862 20,343 24,288 29,248 34,864
=======================================================================================
Surplus or deficit (-)....................................... 966 112 167 681 1,567 1,127 3,603 2,747
Fund balance, end of year.................................... 10,836 10,948 11,115 11,796 13,363 14,490 18,093 20,840
=======================================================================================
Invested balance............................................. 10,942 11,009 10,974 11,757 13,164 14,656 18,191 20,800
Uninvested balance........................................... -106 -62 141 39 199 -166 -99 40
=======================================================================================
Supplementary medical insurance trust fund:
Cash income:
Offsetting collections:
Intragovernmental receipts:
Interest (902)......................................... 104 4 137 229 363 416 384 473
Federal contributions and other........................ 2,939 878 5,053 6,386 6,841 6,932 8,747 13,323
---------------------------------------------------------------------------------------
Total intragovernmental receipts...................... 3,043 882 5,190 6,614 7,204 7,347 9,132 13,796
Premium income:
From aged participants................................. 1,769 492 1,987 2,186 2,373 2,637 2,987 3,460
From all other participants............................. 168 46 206 245 263 291 332 371
---------------------------------------------------------------------------------------
Total premium income................................. 1,937 539 2,193 2,431 2,636 2,928 3,319 3,831
Other.................................................... * ......... * * * * * *
---------------------------------------------------------------------------------------
Total cash income...................................... 4,980 1,421 7,383 9,045 9,840 10,275 12,451 17,627
=======================================================================================
Cash outgo:
Benefit payments........................................... 4,671 1,269 5,865 6,852 8,259 10,144 12,345 14,806
Administrative expenses.................................... 528 132 475 494 544 594 889 746
Other...................................................... 1 * 2 4 1 8 7 7
---------------------------------------------------------------------------------------
Total cash outgo....................................... 5,200 1,401 6,342 7,350 8,805 10,746 13,240 15,559
=======================================================================================
Surplus or deficit (-)....................................... -220 20 1,041 1,696 1,035 -471 -789 2,068
Fund balance at end of year.................................. 1,219 1,239 2,279 3,975 5,010 4,539 3,750 5,818
=======================================================================================
Invested balance............................................. 1,230 1,244 2,232 4,021 4,974 4,558 3,821 5,874
Uninvested balance........................................... -12 -5 47 -45 36 -19 -72 -56
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.
[[Page 264]]
Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICARE TRUST FUNDS: 1936-2005--Continued
(in millions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1983 1984 1985 1986 1987 1988 1989 1990
--------------------------------------------------------------------------------------------------------------------------------------------------------
Old age and survivors insurance fund:
Cash income:
Social insurance and retirement receipts.................... 128,972 150,312 169,822 182,518 194,541 220,337 240,595 255,031
Intragovernmental receipts:
Employer share, employee retirement (952)................. 1,534 1,852 2,288 2,608 3,011 4,000 4,432 5,038
Interest (903)........................................... 1,396 2,752 3,537 3,698 4,495 6,758 10,649 15,125
Other.................................................... 18,683 8,400 6,639 7,544 5,447 5,501 5,819 4,405
---------------------------------------------------------------------------------------
Total intragovernmental receipts........................ 21,613 13,004 12,465 13,850 12,953 16,259 20,900 24,568
Other cash income.......................................... * * * * 30 * * *
---------------------------------------------------------------------------------------
Total cash income...................................... 150,586 163,315 182,287 196,368 207,525 236,596 261,495 279,599
=======================================================================================
Cash outgo:
Benefit payments........................................... 148,312 155,846 165,422 174,364 182,055 192,541 204,648 218,957
Payments to the railroad retirement account................. 2,251 2,404 2,310 2,585 2,557 2,790 2,845 2,969
Interest payments.......................................... 1,544 2,565 2,293 1,013 625 836 989 982
Administrative expenses.................................... 1,552 1,585 1,588 1,610 1,542 1,730 1,658 1,566
Other outgo (mainly for vocational rehabilitation)\1\....... 330 6 * ......... ......... -* ......... *
---------------------------------------------------------------------------------------
Total cash outgo....................................... 153,989 162,406 171,614 179,572 186,780 197,897 210,141 224,475
=======================================================================================
Surplus or deficit (-)....................................... -3,403 909 10,673 16,797 20,745 38,700 51,354 55,125
=======================================================================================
Borrowing or repayment (-) of borrowing from other trust funds 17,519 ......... -4,364 -13,155 ......... ......... ......... .........
Fund balance, end of year.................................... 26,661 27,570 33,879 37,521 58,266 96,966 148,320 203,445
=======================================================================================
Invested balance............................................. 25,503 27,224 30,971 36,948 58,356 97,137 148,565 203,717
Uninvested balance........................................... 1,158 346 2,908 573 -89 -171 -245 -271
=======================================================================================
Disability insurance trust fund:
Cash income:
Social insurance and retirement receipts.................... 18,348 15,763 16,348 17,711 18,861 21,154 23,071 26,625
Intragovernmental receipts:
Employer share, employee retirement (952)................. 244 192 221 249 289 382 426 529
Interest (903)........................................... 449 558 580 631 795 657 745 866
Other.................................................... 2,447 753 548 1,427 167 266 335 302
---------------------------------------------------------------------------------------
Total intragovernmental receipts........................ 3,140 1,503 1,349 2,308 1,251 1,306 1,506 1,697
Inter-trust interest (from OASI)............................ 419 546 365 159 ......... ......... ......... .........
Other cash income.......................................... * * * * 3 * ......... *
---------------------------------------------------------------------------------------
Total cash income...................................... 21,907 17,812 18,062 20,177 20,115 22,460 24,577 28,322
=======================================================================================
Cash outgo:
Benefit payments........................................... 17,588 17,735 18,654 19,526 20,421 21,395 22,516 24,306
Payments to the railroad retirement account................. 28 22 43 68 57 61 88 80
Administrative expenses.................................... 659 585 603 600 738 803 747 707
Interest payments.......................................... 13 77 69 45 60 80 95 100
Other outgo (mainly vocational rehabilitation).............. 4 40 3 4 15 21 40 38
---------------------------------------------------------------------------------------
Total cash outgo....................................... 18,291 18,459 19,372 20,243 21,290 22,360 23,487 25,230
=======================================================================================
Surplus or deficit (-)....................................... 3,615 -647 -1,310 -66 -1,175 100 1,090 3,091
=======================================================================================
Lending (-) or repayment of loans to OASI fund................ -5,081 ......... 2,540 2,541 ......... ......... ......... .........
Fund balance, end of year.................................... 5,291 4,644 5,874 8,349 7,174 7,273 8,364 11,455
=======================================================================================
Invested balance............................................. 5,288 4,656 5,704 8,335 7,193 7,345 8,428 11,505
Uninvested balance........................................... 2 -12 170 14 -19 -72 -65 -50
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.
[[Page 265]]
Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICARE TRUST FUNDS: 1936-2005--Continued
(in millions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1983 1984 1985 1986 1987 1988 1989 1990
--------------------------------------------------------------------------------------------------------------------------------------------------------
Hospital insurance trust fund:
Cash income:
Social insurance and retirement receipts.................... 35,641 40,262 44,871 51,335 55,992 59,859 65,396 68,556
Intragovernmental receipts:
Employer share, employee retirement (951)\2\.............. 1,054 1,306 1,449 1,604 1,700 1,884 2,007 2,153
Interest (902)\2\........................................ 1,656 1,686 2,016 2,809 3,994 5,169 6,603 7,943
Interest from OASI....................................... 1,028 1,337 1,207 383 ......... ......... ......... .........
Other.................................................... 4,541 1,106 1,348 254 999 1,045 1,070 798
---------------------------------------------------------------------------------------
Total intragovernmental receipts........................ 8,279 5,435 6,020 5,049 6,693 8,098 9,679 10,894
Other (mainly proprietary) receipts:
Premium income........................................... 26 35 38 40 40 42 42 113
Other (after 1984, mainly for kidney dialysis)............ 3 * * * 9 * ......... *
---------------------------------------------------------------------------------------
Total cash income...................................... 43,949 45,732 50,928 56,424 62,735 67,999 75,117 79,563
=======================================================================================
Cash outgo:
Benefit payments........................................... 38,102 41,461 47,710 48,867 49,804 51,862 57,317 65,722
Administrative expenses.................................... 519 632 813 667 827 707 805 774
Interest on normalized transfers............................ 27 187 13 ......... ......... ......... ......... .........
Other...................................................... -97 15 131 151 172 160 116 190
---------------------------------------------------------------------------------------
Total cash outgo....................................... 38,551 42,295 48,667 49,685 50,803 52,730 58,238 66,687
=======================================================================================
Surplus or deficit (-)....................................... 5,398 3,437 2,261 6,739 11,932 15,270 16,880 12,876
=======================================================================================
Lending (-) or repayment of loans to OASI fund................ -12,437 ......... 1,824 10,613 ......... ......... ......... .........
Fund balance, end of year.................................... 13,800 17,237 21,322 38,674 50,606 65,876 82,755 95,631
=======================================================================================
Invested balance............................................. 13,514 16,982 21,176 38,340 50,779 66,078 82,689 96,249
Uninvested balance........................................... 286 255 146 334 -173 -202 66 -617
=======================================================================================
Supplementary medical insurance trust fund:
Cash income:
Individual income taxes\3\.................................. ......... ......... ......... ......... ......... ......... 527 -527
Offsetting collections:
Intragovernmental receipts:
Interest (902)\3\...................................... 680 807 1,154 1,228 1,019 828 1,025 1,427
Federal contributions and other........................ 14,238 16,811 17,898 18,076 20,299 25,418 30,712 33,210
---------------------------------------------------------------------------------------
Total intragovernmental receipts...................... 14,918 17,618 19,052 19,304 21,318 26,246 31,737 34,637
Premium income:
From aged participants................................. 3,834 4,463 5,042 5,200 5,897 7,963 10,603 10,499
From all other participants............................. 393 444 482 500 582 793 945 995
---------------------------------------------------------------------------------------
Total premium income................................. 4,227 4,907 5,524 5,699 6,480 8,756 11,548 11,494
Other\4\................................................. 1 * -* * * * ......... 3
---------------------------------------------------------------------------------------
Total cash income...................................... 19,147 22,526 24,576 25,004 27,797 35,002 43,812 45,607
=======================================================================================
Cash outgo:
Benefit payments........................................... 17,487 19,475 21,808 25,166 29,932 33,677 36,854 41,450
Administrative expenses\3\................................. 823 899 923 1,051 900 1,265 1,450 1,524
Other...................................................... 6 ......... ......... ......... 5 4 13 47
---------------------------------------------------------------------------------------
Total cash outgo....................................... 18,317 20,374 22,730 26,217 30,837 34,947 38,316 43,022
=======================================================================================
Surplus or deficit (-)....................................... 830 2,151 1,846 -1,214 -3,039 55 5,495 2,585
Fund balance at end of year.................................. 6,648 8,799 10,645 9,431 6,392 6,447 11,942 14,527
=======================================================================================
Invested balance............................................. 6,958 9,117 10,736 9,424 6,166 6,326 11,928 14,286
Uninvested balance........................................... -310 -318 -91 7 226 121 15 241
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.
[[Page 266]]
Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICARE TRUST FUNDS: 1936-2005--Continued
(in millions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1991 1992 1993 1994 1995 1996 1997 1998
--------------------------------------------------------------------------------------------------------------------------------------------------------
Old age and survivors insurance fund:
Cash income:
Social insurance and retirement receipts.................... 265,503 273,137 281,735 302,607 284,091 311,869 336,729 358,784
Intragovernmental receipts:
Employer share, employee retirement (952)................. 5,242 5,508 5,796 5,787 5,434 5,326 5,582 6,086
Interest (903)........................................... 19,164 22,557 25,822 28,505 31,417 34,026 37,688 42,197
Other.................................................... 5,838 5,949 5,967 5,378 5,143 5,772 6,486 8,620
---------------------------------------------------------------------------------------
Total intragovernmental receipts........................ 30,244 34,015 37,585 39,670 41,994 45,124 49,756 56,903
Other cash income.......................................... * * 4 * ......... ......... ......... .........
---------------------------------------------------------------------------------------
Total cash income...................................... 295,747 307,152 319,325 342,278 326,085 356,993 386,485 415,687
=======================================================================================
Cash outgo:
Benefit payments........................................... 236,120 251,317 264,582 276,291 288,617 299,985 312,880 324,274
Payments to the railroad retirement account................. 3,375 3,148 3,353 3,420 4,052 3,554 3,688 3,662
Interest payments.......................................... 418 ......... -* ......... ......... ......... ......... .........
Administrative expenses.................................... 1,747 1,824 2,026 1,876 1,805 1,793 2,001 1,833
Military service credit adjustment......................... 2,114 ......... ......... ......... ......... 129 ......... .........
Other outgo (mainly for vocational rehabilitation).......... * ......... * ......... ......... ......... ......... .........
---------------------------------------------------------------------------------------
Total cash outgo....................................... 243,774 256,290 269,960 281,586 294,474 305,461 318,569 329,769
=======================================================================================
Surplus or deficit (-)....................................... 51,972 50,862 49,364 60,691 31,611 51,532 67,916 85,918
Adjustment to balances....................................... ......... ......... ......... ......... ......... 1 ......... .........
Fund balance, end of year.................................... 255,417 306,280 355,644 416,335 447,946 499,479 567,394 653,313
=======================================================================================
Invested balance............................................. 255,557 306,524 355,510 413,425 447,946 499,403 567,445 653,282
Uninvested balance........................................... -140 -244 134 2,911 ......... 76 -51 31
=======================================================================================
Disability insurance trust fund:
Cash income:
Social insurance and retirement receipts.................... 28,382 29,289 30,199 32,419 66,988 55,623 55,261 57,015
Intragovernmental receipts:
Employer share, employee retirement (952)................. 562 593 620 622 998 952 901 966
Interest (903)........................................... 1,058 1,080 966 698 1,888 2,481 3,526 4,433
Other.................................................... 133 217 279 310 341 378 412 539
---------------------------------------------------------------------------------------
Total intragovernmental receipts........................ 1,753 1,890 1,865 1,631 3,227 3,811 4,839 5,938
Other cash income.......................................... * * 2 * ......... ......... ......... .........
---------------------------------------------------------------------------------------
Total cash income...................................... 30,135 31,179 32,065 34,049 70,215 59,434 60,100 62,953
=======================================================================================
Cash outgo:
Benefit payments........................................... 26,871 30,360 33,588 36,823 40,201 43,231 45,367 47,680
Payments to the railroad retirement account................. 82 58 83 106 68 2 59 157
Administrative expenses.................................... 785 843 932 1,018 1,064 1,074 1,211 1,565
Interest payments.......................................... 45 ......... ......... ......... ......... ......... ......... .........
Military service credit adjustment......................... 775 ......... ......... ......... ......... 203 ......... .........
Other outgo (mainly vocational rehabilitation).............. 34 34 38 37 47 48 64 57
---------------------------------------------------------------------------------------
Total cash outgo....................................... 28,592 31,295 34,641 37,984 41,380 44,558 46,701 49,459
=======================================================================================
Surplus or deficit (-)....................................... 1,543 -116 -2,576 -3,935 28,835 14,876 13,399 13,494
Adjustment to balances....................................... ......... ......... ......... ......... ......... 2 ......... .........
Fund balance, end of year.................................... 12,998 12,881 10,305 6,371 35,205 50,083 63,482 76,976
=======================================================================================
Invested balance............................................. 13,105 12,918 10,237 6,100 35,205 50,100 63,562 76,996
Uninvested balance........................................... -107 -36 69 271 ......... -17 -80 -20
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.
[[Page 267]]
Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICARE TRUST FUNDS: 1936-2005--Continued
(in millions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1991 1992 1993 1994 1995 1996 1997 1998
--------------------------------------------------------------------------------------------------------------------------------------------------------
Hospital insurance trust fund:
Cash income:
Social insurance and retirement receipts.................... 72,842 79,108 81,224 90,062 96,024 104,997 110,710 119,863
Intragovernmental receipts:
Employer share, employee retirement (951)\2\.............. 2,205 2,324 2,375 2,440 2,449 2,382 2,465 2,499
Interest (902)\2\........................................ 8,992 10,054 10,581 10,593 10,871 10,389 9,757 9,154
Federal Payment (OASI taxes)............................. ......... ......... ......... 1,639 3,913 4,069 3,558 5,067
Other.................................................... 631 706 495 608 591 554 691 197
---------------------------------------------------------------------------------------
Total intragovernmental receipts........................ 11,828 13,084 13,450 15,280 17,824 17,394 16,471 16,917
Other (mainly proprietary) receipts:
Premium income........................................... 367 484 622 852 998 1,107 1,279 1,320
Other (after 1984, mainly for kidney dialysis)............ * * 1 1 1 1 89 104
---------------------------------------------------------------------------------------
Total cash income...................................... 85,038 92,677 95,297 106,195 114,847 123,499 128,549 138,204
=======================================================================================
Cash outgo:
Benefit payments........................................... 68,486 80,584 90,535 101,350 113,402 123,908 136,010 135,299
Administrative expenses.................................... 937 1,187 866 1,235 1,300 1,228 1,203 1,204
Military service credit adjustment......................... 1,100 ......... ......... ......... ......... 2,366 ......... .........
Other...................................................... 218 200 203 185 181 181 671 795
---------------------------------------------------------------------------------------
Total cash outgo....................................... 70,742 81,971 91,604 102,770 114,883 127,683 137,884 137,298
=======================================================================================
Surplus or deficit (-)....................................... 14,296 10,706 3,693 3,425 -36 -4,184 -9,335 906
Adjustment to balances....................................... ......... ......... ......... ......... ......... 1 ......... .........
Transfer of CHI balances..................................... ......... ......... 1,805 ......... ......... ......... ......... .........
Fund balance, end of year.................................... 109,927 120,633 126,131 129,555 129,520 125,337 116,002 116,908
=======================================================================================
Invested balance............................................. 109,327 120,647 126,078 128,716 129,864 125,805 116,621 118,236
Uninvested balance........................................... 600 -13 52 840 -344 -467 -619 -1,328
=======================================================================================
Supplementary medical insurance trust fund:
Cash income:
Offsetting collections:
Intragovernmental receipts:
Interest (902)......................................... 1,627 1,716 1,888 2,116 1,935 1,388 2,192 2,606
Federal contributions and other........................ 34,730 38,684 44,227 38,355 36,988 61,702 59,471 59,919
---------------------------------------------------------------------------------------
Total intragovernmental receipts...................... 36,358 40,400 46,114 40,471 38,923 63,090 61,663 62,525
Premium income:
From aged participants................................. 10,741 11,564 13,255 15,212 17,126 16,858 16,984 17,153
From all other participants............................. 1,066 1,184 1,428 1,683 2,117 2,073 2,158 2,274
---------------------------------------------------------------------------------------
Total premium income................................. 11,807 12,748 14,683 16,895 19,243 18,931 19,142 19,427
Other\4\................................................. 1 1 1 2 3 4 1 3
---------------------------------------------------------------------------------------
Total cash income...................................... 48,166 53,149 60,799 57,367 58,169 82,025 80,806 81,955
=======================================================================================
Cash outgo:
Benefit payments........................................... 45,456 48,595 52,398 57,997 63,482 67,167 71,115 74,808
Administrative expenses.................................... 1,507 1,658 1,845 1,718 1,722 1,770 1,420 1,431
Other...................................................... 58 32 11 10 9 9 18 33
---------------------------------------------------------------------------------------
Total cash outgo....................................... 47,021 50,285 54,254 59,724 65,213 68,946 72,553 76,272
=======================================================================================
Surplus or deficit (-)....................................... 1,145 2,863 6,545 -2,357 -7,044 13,079 8,253 5,683
Transfer of CHI balances..................................... ......... ......... -1,805 ......... ......... ......... ......... .........
Fund balance at end of year.................................. 15,672 18,535 23,276 20,919 13,874 26,953 35,206 40,889
=======================================================================================
Invested balance............................................. 16,241 18,534 23,268 21,489 13,513 27,175 34,464 39,502
Uninvested balance........................................... -569 2 8 -570 361 -222 742 1,387
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.
[[Page 268]]
Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICARE TRUST FUNDS: 1936-2005--
Continued
(in millions of dollars)
----------------------------------------------------------------------------------------------------------------
2000 2001 2002 2003 2004 2005
1999 estimate estimate estimate estimate estimate estimate
----------------------------------------------------------------------------------------------------------------
Old age and survivors insurance
fund:
Cash income:
Social insurance and retirement 383,559 408,583 427,322 446,421 465,244 484,401 511,676
receipts......................
Intragovernmental receipts:
Employer share, employee 6,374 6,734 6,788 7,350 7,871 8,424 9,073
retirement (952)............
Interest (903).............. 46,847 53,400 60,625 68,776 77,731 87,397 97,929
Other....................... 10,197 11,024 10,351 10,809 11,303 11,989 12,810
----------------------------------------------------------------------------
Total intragovernmental 63,418 71,158 77,764 86,935 96,905 107,810 119,812
receipts..................
Other cash income............. ......... 1 1 1 1 1 1
----------------------------------------------------------------------------
Total cash income......... 446,977 479,742 505,087 533,357 562,150 592,212 631,489
============================================================================
Cash outgo:
Benefit payments.............. 332,383 345,359 359,989 376,055 393,025 411,270 431,123
Payments to the railroad 3,681 3,613 3,511 3,588 3,592 3,602 3,614
retirement account............
Administrative expenses....... 1,851 2,010 2,152 2,130 2,082 2,128 2,171
Military service credit ......... ......... 1,145 ......... ......... ......... .........
adjustment....................
----------------------------------------------------------------------------
Total cash outgo.......... 337,915 350,982 366,797 381,773 398,699 417,000 436,908
============================================================================
Surplus or deficit (-).......... 109,062 128,760 138,290 151,584 163,451 175,212 194,581
Fund balance, end of year....... 762,374 891,134 1,029,42 1,181,00 1,344,45 1,519,67 1,714,25
4 8 9 1 2
============================================================================
Invested balance................ 762,224 891,342 1,029,63 1,181,00 1,344,45 1,519,67 1,714,25
4 8 9 1 2
Uninvested balance.............. 150 -208 -210 ......... ......... ......... .........
============================================================================
Disability insurance trust fund:
Cash income:
Social insurance and retirement 60,909 68,180 72,573 75,805 79,003 82,259 86,890
receipts......................
Intragovernmental receipts:
Employer share, employee 1,011 1,126 1,153 1,248 1,337 1,431 1,541
retirement (952)............
Interest (903).............. 5,224 6,256 7,513 8,846 10,164 11,415 12,564
Other....................... 647 655 650 701 761 840 931
----------------------------------------------------------------------------
Total intragovernmental 6,882 8,037 9,316 10,795 12,262 13,686 15,036
receipts..................
Other cash income............. ......... 12 25 25 25 25 25
----------------------------------------------------------------------------
Total cash income......... 67,791 76,229 81,914 86,625 91,290 95,970 101,951
============================================================================
Cash outgo:
Benefit payments\5\........... 50,424 53,964 58,292 63,090 68,472 74,620 81,299
Payments to the railroad 135 147 126 161 171 184 196
retirement account............
Administrative expenses....... 1,520 1,467 1,595 1,626 1,582 1,618 1,653
Military service credit ......... ......... 7 ......... ......... ......... .........
adjustment....................
Other outgo (mainly vocational 63 79 98 ......... ......... ......... .........
rehabilitation)...............
----------------------------------------------------------------------------
Total cash outgo.......... 52,142 55,657 60,118 64,877 70,225 76,422 83,148
============================================================================
Surplus or deficit (-).......... 15,649 20,572 21,796 21,748 21,065 19,548 18,803
Adjustment to balances.......... 3 ......... ......... ......... ......... ......... .........
Fund balance, end of year....... 92,628 113,200 134,996 156,744 177,809 197,357 216,160
============================================================================
Invested balance................ 92,666 113,213 135,023 156,744 177,809 197,357 216,160
Uninvested balance.............. -38 -13 -27 ......... ......... ......... .........
----------------------------------------------------------------------------------------------------------------
See footnotes at end of table.
[[Page 269]]
Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICARE TRUST FUNDS: 1936-2005--
Continued
(in millions of dollars)
----------------------------------------------------------------------------------------------------------------
2000 2001 2002 2003 2004 2005
1999 estimate estimate estimate estimate estimate estimate
----------------------------------------------------------------------------------------------------------------
Hospital insurance trust fund:
Cash income:
Social insurance and retirement 132,268 136,515 143,695 150,290 156,694 163,258 172,612
receipts......................
Intragovernmental receipts:
Employer share, employee 2,576 2,676 2,752 2,898 3,009 3,133 3,280
retirement (951)\2\.........
Interest (902)\2\........... 9,286 11,046 12,544 14,902 16,886 18,156 19,460
Federal Payment (OASI taxes) 6,552 7,190 6,878 7,387 7,950 8,496 9,005
Payment to extend solvency...... ......... ......... 15,400 12,600 ......... ......... .........
Other....................... 861 731 757 538 523 516 531
----------------------------------------------------------------------------
Total intragovernmental 19,275 21,643 38,331 38,325 28,368 30,301 32,276
receipts..................
Other (mainly proprietary)
receipts:
Premium income.............. 1,401 1,379 1,426 1,779 2,018 2,212 2,454
Other (after 1984, mainly for 71 81 90 98 108 108 108
kidney dialysis)............
----------------------------------------------------------------------------
Total cash income......... 153,015 159,618 183,542 190,492 187,188 195,879 207,450
============================================================================
Cash outgo:
Benefit payments\6\........... 129,286 131,934 143,029 150,310 154,540 163,664 175,239
Administrative expenses....... 1,296 1,378 1,377 1,388 1,409 1,447 1,481
Other\6\...................... 918 1,282 1,308 ......... ......... ......... .........
----------------------------------------------------------------------------
Total cash outgo.......... 131,500 134,594 145,714 151,698 155,949 165,111 176,720
============================================================================
Surplus or deficit (-).......... 21,515 25,024 37,828 38,794 31,239 30,768 30,730
Adjustment to balances.......... -2 -2 ......... ......... ......... ......... .........
Fund balance, end of year....... 138,421 163,443 201,271 240,065 271,304 302,072 332,802
============================================================================
Invested balance................ 153,767 163,443 201,271 240,065 271,304 302,072 332,802
Uninvested balance.............. -15,346 ......... ......... ......... ......... ......... .........
============================================================================
Supplementary medical insurance
trust fund:
Cash income:
Offsetting collections:
Intragovernmental receipts:
Interest (902)............ 2,926 3,080 2,949 2,829 2,767 2,729 2,691
Federal contributions and 62,185 65,074 69,511 75,218 86,899 98,789 107,616
other.....................
----------------------------------------------------------------------------
Total intragovernmental 65,111 68,154 72,460 78,047 89,666 101,518 110,307
receipts................
Premium income:
From aged participants.... 17,722 17,773 18,905 20,436 22,259 24,214 26,242
For prescription drugs.......... ......... ......... ......... ......... 7,660 10,503 13,113
From all other participants 2,438 2,583 2,829 3,407 3,928 4,419 4,989
----------------------------------------------------------------------------
Total premium income.... 20,160 20,356 21,734 23,843 33,847 39,136 44,344
Other\4\.................... 7 ......... ......... ......... ......... ......... .........
----------------------------------------------------------------------------
Total cash income......... 85,278 88,510 94,194 101,890 123,513 140,654 154,651
============================================================================
Cash outgo:
Benefit payments\6\........... 78,972 87,856 96,243 101,585 120,447 139,585 155,041
Administrative expenses....... 1,510 1,704 1,621 1,621 1,640 1,682 1,718
Other\6\...................... 36 116 125 ......... ......... ......... .........
----------------------------------------------------------------------------
Total cash outgo.......... 80,518 89,676 97,989 103,206 122,087 141,267 156,759
============================================================================
Surplus or deficit (-).......... 4,760 -1,166 -3,795 -1,316 1,426 -613 -2,108
Fund balance at end of year..... 45,649 44,484 40,689 39,373 40,799 40,186 38,078
============================================================================
Invested balance................ 26,528 44,484 40,689 39,373 40,799 40,186 38,078
Uninvested balance.............. 19,120 ......... ......... ......... ......... ......... .........
----------------------------------------------------------------------------------------------------------------
See footnotes on following page.
[[Page 270]]
* $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 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.
\4\ For years after 1986, receipts for kidney dialysis.
\5\ For years after 2001, includes outlays for vocational rehabilitation.
\6\ For years after 2001, outlays for peer review organizations are included in the benefit payments line.
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.