[Historical Tables]
[Section 13 - Social Security and Medicare]
[Table 13.1 - Cash Income, Outgo, and Balances of the Social Security and Medicare Trust Funds: 1936-2009]
[From the U.S. Government Printing Office, www.gpo.gov]
[[Page 273]]
Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICARE TRUST FUNDS: 1936-2009
(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: 1936-2009--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 274]]
Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICARE TRUST FUNDS: 1936-2009--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
Other.............................. ......... ......... ......... ......... 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 275]]
Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICARE TRUST FUNDS: 1936-2009--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 276]]
Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICARE TRUST FUNDS: 1936-2009--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 States and 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 277]]
Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICARE TRUST FUNDS: 1936-2009--Continued
(in millions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1976 TQ 1977 1978 1979 1980 1981 1982 1983
--------------------------------------------------------------------------------------------------------------------------------------------------------
Old age and survivors insurance fund:
Cash income:
Social insurance and retirement receipts......... 58,703 15,886 68,032 73,141 83,410 96,581 117,757 122,840 128,972
Intragovernmental receipts:
Employer share, employee retirement (952)...... 852 220 863 906 948 1,027 1,259 1,406 1,534
Interest (903)................................ 2,344 80 2,279 2,151 1,920 1,886 2,015 1,707 1,396
Other......................................... 425 ......... 614 613 615 557 540 675 18,683
--------------------------------------------------------------------------------------------------
Total intragovernmental receipts............. 3,621 300 3,756 3,670 3,483 3,470 3,814 3,788 21,613
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
==================================================================================================
Cash outgo:
Benefit payments................................ 62,140 16,876 71,271 78,524 87,592 100,615 119,413 134,655 148,312
Payments to the railroad retirement account...... 1,212 ......... 1,208 1,589 1,448 1,442 1,585 1,793 2,251
Interest payments............................... ......... ......... ......... ......... ......... ......... ......... ......... 1,544
Administrative expenses......................... 935 234 993 1,086 1,077 1,160 1,302 1,475 1,552
Other outgo (mainly for vocational 9 1 7 6 12 10 4 6 330
rehabilitation) \1\.............................
--------------------------------------------------------------------------------------------------
Total cash outgo............................ 64,296 17,110 73,479 81,205 90,129 103,227 122,304 137,929 153,989
==================================================================================================
Surplus or deficit (-)............................ -1,969 -924 -1,683 -4,394 -3,236 -3,176 -733 -11,300 -3,403
==================================================================================================
Borrowing or repayment (-) of borrowing from other ......... ......... ......... ......... ......... ......... ......... ......... 17,519
trust funds.......................................
Fund balance, end of year......................... 37,992 37,068 35,384 30,990 27,754 24,578 23,845 12,545 26,661
==================================================================================================
Invested balance.................................. 37,968 37,055 35,410 30,967 27,328 23,577 23,255 11,932 25,503
Uninvested balance................................ 25 13 -25 23 426 1,000 590 614 1,158
==================================================================================================
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 18,348
Intragovernmental receipts:
Employer share, employee retirement (952)...... 111 29 114 154 166 177 171 240 244
Interest (903)................................ 468 13 372 251 305 454 273 363 449
Other......................................... 90 ......... 103 128 142 129 130 168 2,866
--------------------------------------------------------------------------------------------------
Total intragovernmental receipts............. 669 42 589 533 612 760 574 772 3,559
Other cash income............................... * ......... * * * * * * *
--------------------------------------------------------------------------------------------------
Total cash income........................... 8,355 2,172 9,374 12,784 15,196 17,388 12,992 21,398 21,907
==================================================================================================
Cash outgo:
Benefit payments................................ 9,222 2,555 11,135 12,214 13,428 14,899 16,853 17,399 17,588
Payments to the railroad retirement account...... 26 ......... -* 30 30 ......... 29 26 28
Administrative expenses......................... 266 71 378 327 402 334 402 572 659
Interest payments............................... ......... ......... ......... ......... ......... ......... ......... ......... 13
Other outgo (mainly vocational rehabilitation)... 92 27 77 84 84 99 -4 37 4
--------------------------------------------------------------------------------------------------
Total cash outgo............................ 9,606 2,653 11,590 12,655 13,944 15,332 17,280 18,035 18,291
==================================================================================================
Surplus or deficit (-)............................ -1,251 -481 -2,216 128 1,252 2,057 -4,288 3,363 3,615
==================================================================================================
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
==================================================================================================
Invested balance.................................. 6,931 6,453 4,242 4,352 5,583 7,674 3,392 6,753 5,288
Uninvested balance................................ 10 7 3 21 43 7 2 4 2
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.
[[Page 278]]
Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICARE TRUST FUNDS: 1936-2009--Continued
(in millions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1976 TQ 1977 1978 1979 1980 1981 1982 1983
--------------------------------------------------------------------------------------------------------------------------------------------------------
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 35,641
Intragovernmental receipts:
Employer share, employee retirement (951) \2\.. 175 45 175 206 228 249 332 397 1,054
Interest (902) \2\............................ 716 12 771 797 883 1,061 1,325 1,873 1,656
Interest from OASI............................ ......... ......... ......... ......... ......... ......... ......... ......... 1,028
Other......................................... 658 ......... 944 860 907 871 834 1,015 4,541
--------------------------------------------------------------------------------------------------
Total intragovernmental receipts............. 1,549 57 1,890 1,863 2,018 2,182 2,490 3,285 8,279
Other (mainly proprietary) receipts:
Premium income................................ 8 2 11 12 17 17 21 25 26
Other (mainly proprietary interest)............ * ......... * * 1 * * * 3
--------------------------------------------------------------------------------------------------
Total cash income........................... 13,544 3,516 15,374 18,543 21,910 25,415 32,851 37,611 43,949
==================================================================================================
Cash outgo:
Benefit payments................................ 12,267 3,314 14,906 17,415 19,898 23,793 28,909 34,344 38,102
Administrative expenses......................... 308 88 295 442 443 486 333 510 519
Interest on normalized transfers................. ......... ......... ......... ......... ......... ......... ......... ......... 27
Other........................................... 4 1 7 4 1 8 7 10 -97
--------------------------------------------------------------------------------------------------
Total cash outgo............................ 12,579 3,404 15,207 17,862 20,343 24,288 29,248 34,864 38,551
==================================================================================================
Surplus or deficit (-)............................ 966 112 167 681 1,567 1,127 3,603 2,747 5,398
==================================================================================================
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
==================================================================================================
Invested balance.................................. 10,942 11,009 10,974 11,757 13,164 14,656 18,191 20,800 13,514
Uninvested balance................................ -106 -62 141 39 199 -166 -99 40 286
==================================================================================================
Supplementary medical insurance trust fund:
Cash income:
Offsetting collections:
Intragovernmental receipts:
Interest (902).............................. 104 4 137 229 363 416 384 473 680
Federal contributions and other............. 2,939 878 5,053 6,386 6,841 6,932 8,747 13,323 14,238
--------------------------------------------------------------------------------------------------
Total intragovernmental receipts........... 3,043 882 5,190 6,614 7,204 7,347 9,132 13,796 14,918
Premium income:
From aged participants...................... 1,769 492 1,987 2,186 2,373 2,637 2,987 3,460 3,834
From States and other participants........... 168 46 206 245 263 291 332 371 393
--------------------------------------------------------------------------------------------------
Total premium income...................... 1,937 539 2,193 2,431 2,636 2,928 3,319 3,831 4,227
Other......................................... * ......... * * * * * * 1
--------------------------------------------------------------------------------------------------
Total cash income........................... 4,980 1,421 7,383 9,045 9,840 10,275 12,451 17,627 19,147
==================================================================================================
Cash outgo:
Benefit payments................................ 4,671 1,269 5,865 6,852 8,259 10,144 12,345 14,806 17,487
Administrative expenses......................... 528 132 475 494 544 594 889 746 823
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
==================================================================================================
Surplus or deficit (-)............................ -220 20 1,041 1,696 1,035 -471 -789 2,068 830
Fund balance at end of year....................... 1,219 1,239 2,279 3,975 5,010 4,539 3,750 5,818 6,648
==================================================================================================
Invested balance.................................. 1,230 1,244 2,232 4,021 4,974 4,558 3,821 5,874 6,958
Uninvested balance................................ -12 -5 47 -45 36 -19 -72 -56 -310
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.
[[Page 279]]
Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICARE TRUST FUNDS: 1936-2009--Continued
(in millions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1984 1985 1986 1987 1988 1989 1990 1991 1992
--------------------------------------------------------------------------------------------------------------------------------------------------------
Old age and survivors insurance fund:
Cash income:
Social insurance and retirement receipts......... 150,312 169,822 182,518 194,541 220,337 240,595 255,031 265,503 273,137
Intragovernmental receipts:
Employer share, employee retirement (952)...... 1,852 2,288 2,608 3,011 4,000 4,432 5,038 5,242 5,508
Interest (903)................................ 2,752 3,537 3,698 4,495 6,758 10,649 15,125 19,164 22,557
Other......................................... 8,400 6,639 7,544 5,447 5,501 5,819 4,405 5,838 5,949
--------------------------------------------------------------------------------------------------
Total intragovernmental receipts............. 13,004 12,465 13,850 12,953 16,259 20,900 24,568 30,244 34,015
Other cash income............................... * * * 30 * * * * *
--------------------------------------------------------------------------------------------------
Total cash income........................... 163,315 182,287 196,368 207,525 236,596 261,495 279,599 295,747 307,152
==================================================================================================
Cash outgo:
Benefit payments................................ 155,846 165,422 174,364 182,055 192,541 204,648 218,957 236,120 251,317
Payments to the railroad retirement account...... 2,404 2,310 2,585 2,557 2,790 2,845 2,969 3,375 3,148
Interest payments............................... 2,565 2,293 1,013 625 836 989 982 418 .........
Administrative expenses......................... 1,585 1,588 1,610 1,542 1,730 1,658 1,566 1,747 1,824
Military service credit adjustment.............. ......... ......... ......... ......... ......... ......... ......... 2,114 .........
Other outgo (mainly for vocational 6 * ......... ......... -* ......... * * .........
rehabilitation).................................
--------------------------------------------------------------------------------------------------
Total cash outgo............................ 162,406 171,614 179,572 186,780 197,897 210,141 224,475 243,774 256,290
==================================================================================================
Surplus or deficit (-)............................ 909 10,673 16,797 20,745 38,700 51,354 55,125 51,972 50,862
==================================================================================================
Borrowing or repayment (-) of borrowing from other ......... -4,364 -13,155 ......... ......... ......... ......... ......... .........
trust funds.......................................
Fund balance, end of year......................... 27,570 33,879 37,521 58,266 96,966 148,320 203,445 255,417 306,280
==================================================================================================
Invested balance.................................. 27,224 30,971 36,948 58,356 97,137 148,565 203,717 255,557 306,524
Uninvested balance................................ 346 2,908 573 -89 -171 -245 -271 -140 -244
==================================================================================================
Disability insurance trust fund:
Cash income:
Social insurance and retirement receipts......... 15,763 16,348 17,711 18,861 21,154 23,071 26,625 28,382 29,289
Intragovernmental receipts:
Employer share, employee retirement (952)...... 192 221 249 289 382 426 529 562 593
Interest (903)................................ 558 580 631 795 657 745 866 1,058 1,080
Other......................................... 1,299 912 1,586 167 266 335 302 133 217
--------------------------------------------------------------------------------------------------
Total intragovernmental receipts............. 2,049 1,714 2,466 1,251 1,306 1,506 1,697 1,753 1,890
Other cash income............................... * * * 3 * ......... * * *
--------------------------------------------------------------------------------------------------
Total cash income........................... 17,812 18,062 20,177 20,115 22,460 24,577 28,322 30,135 31,179
==================================================================================================
Cash outgo:
Benefit payments................................ 17,735 18,654 19,526 20,421 21,395 22,516 24,306 26,871 30,360
Payments to the railroad retirement account...... 22 43 68 57 61 88 80 82 58
Administrative expenses......................... 585 603 600 738 803 747 707 785 843
Interest payments............................... 77 69 45 60 80 95 100 45 .........
Military service credit adjustment.............. ......... ......... ......... ......... ......... ......... ......... 775 .........
Other outgo (mainly vocational rehabilitation)... 40 3 4 15 21 40 38 34 34
--------------------------------------------------------------------------------------------------
Total cash outgo............................ 18,459 19,372 20,243 21,290 22,360 23,487 25,230 28,592 31,295
==================================================================================================
Surplus or deficit (-)............................ -647 -1,310 -66 -1,175 100 1,090 3,091 1,543 -116
==================================================================================================
Lending (-) or repayment of loans to OASI fund..... ......... 2,540 2,541 ......... ......... ......... ......... ......... .........
Fund balance, end of year......................... 4,644 5,874 8,349 7,174 7,273 8,364 11,455 12,998 12,881
==================================================================================================
Invested balance.................................. 4,656 5,704 8,335 7,193 7,345 8,428 11,505 13,105 12,918
Uninvested balance................................ -12 170 14 -19 -72 -65 -50 -107 -36
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.
[[Page 280]]
Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICARE TRUST FUNDS: 1936-2009--Continued
(in millions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1984 1985 1986 1987 1988 1989 1990 1991 1992
--------------------------------------------------------------------------------------------------------------------------------------------------------
Hospital insurance trust fund:
Cash income:
Social insurance and retirement receipts......... 40,262 44,871 51,335 55,992 59,859 65,396 68,556 72,842 79,108
Intragovernmental receipts:
Employer share, employee retirement (951) \2\.. 1,306 1,449 1,604 1,700 1,884 2,007 2,153 2,205 2,324
Interest (902) \2\............................ 1,686 2,016 2,809 3,994 5,169 6,603 7,943 8,992 10,054
Interest from OASI............................ 1,337 1,207 383 ......... ......... ......... ......... ......... .........
Other......................................... 1,106 1,348 254 999 1,045 1,070 798 631 706
--------------------------------------------------------------------------------------------------
Total intragovernmental receipts............. 5,435 6,020 5,049 6,693 8,098 9,679 10,894 11,828 13,084
Other (mainly proprietary) receipts:
Premium income................................ 35 38 40 40 42 42 113 367 484
Other (after 1984, mainly for kidney dialysis). * * * 9 * ......... * * *
--------------------------------------------------------------------------------------------------
Total cash income........................... 45,732 50,928 56,424 62,735 67,999 75,117 79,563 85,038 92,677
==================================================================================================
Cash outgo:
Benefit payments................................ 41,461 47,710 48,867 49,804 51,862 57,317 65,722 68,486 80,584
Administrative expenses......................... 632 813 667 827 707 805 774 937 1,187
Interest on normalized transfers................. 187 13 ......... ......... ......... ......... ......... ......... .........
Military service credit adjustment.............. ......... ......... ......... ......... ......... ......... ......... 1,100 .........
Other........................................... 15 131 151 172 160 116 190 218 200
--------------------------------------------------------------------------------------------------
Total cash outgo............................ 42,295 48,667 49,685 50,803 52,730 58,238 66,687 70,742 81,971
==================================================================================================
Surplus or deficit (-)............................ 3,437 2,261 6,739 11,932 15,270 16,880 12,876 14,296 10,706
==================================================================================================
Lending (-) or repayment of loans to OASI fund..... ......... 1,824 10,613 ......... ......... ......... ......... ......... .........
Fund balance, end of year......................... 17,237 21,322 38,674 50,606 65,876 82,755 95,631 109,927 120,633
==================================================================================================
Invested balance.................................. 16,982 21,176 38,340 50,779 66,078 82,689 96,249 109,327 120,647
Uninvested balance................................ 255 146 334 -173 -202 66 -617 600 -13
==================================================================================================
Supplementary medical insurance trust fund:
Cash income:
Individual income taxes \3\...................... ......... ......... ......... ......... ......... 527 -527 ......... .........
Offsetting collections:
Intragovernmental receipts:
Interest (902) \3\.......................... 807 1,154 1,228 1,019 828 1,025 1,427 1,627 1,716
Federal contributions and other............. 16,811 17,898 18,076 20,299 25,418 30,712 33,210 34,730 38,684
--------------------------------------------------------------------------------------------------
Total intragovernmental receipts........... 17,618 19,052 19,304 21,318 26,246 31,737 34,637 36,358 40,400
Premium income:
From aged participants...................... 4,463 5,042 5,200 5,897 7,963 10,603 10,499 10,741 11,564
From States and other participants........... 444 482 500 582 793 945 995 1,066 1,184
--------------------------------------------------------------------------------------------------
Total premium income...................... 4,907 5,524 5,699 6,480 8,756 11,548 11,494 11,807 12,748
Other \4\..................................... * -* * * * ......... 3 1 1
--------------------------------------------------------------------------------------------------
Total cash income........................... 22,526 24,576 25,004 27,797 35,002 43,812 45,607 48,166 53,149
==================================================================================================
Cash outgo:
Benefit payments................................ 19,475 21,808 25,166 29,932 33,677 36,854 41,450 45,456 48,595
Administrative expenses \3\..................... 899 923 1,051 900 1,265 1,450 1,524 1,507 1,658
Other........................................... ......... ......... ......... 5 4 13 47 58 32
--------------------------------------------------------------------------------------------------
Total cash outgo............................ 20,374 22,730 26,217 30,837 34,947 38,316 43,022 47,021 50,285
==================================================================================================
Surplus or deficit (-)............................ 2,151 1,846 -1,214 -3,039 55 5,495 2,585 1,145 2,863
Fund balance at end of year....................... 8,799 10,645 9,431 6,392 6,447 11,942 14,527 15,672 18,535
==================================================================================================
Invested balance.................................. 9,117 10,736 9,424 6,166 6,326 11,928 14,286 16,241 18,534
Uninvested balance................................ -318 -91 7 226 121 15 241 -569 2
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.
[[Page 281]]
Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICARE TRUST FUNDS: 1936-2009--Continued
(in millions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1993 1994 1995 1996 1997 1998 1999 2000 2001
--------------------------------------------------------------------------------------------------------------------------------------------------------
Old age and survivors insurance fund:
Cash income:
Social insurance and retirement receipts......... 281,735 302,607 284,091 311,869 336,729 358,784 383,559 411,677 434,057
Intragovernmental receipts:
Employer share, employee retirement (952)...... 5,796 5,787 5,434 5,326 5,582 6,086 6,374 6,542 6,761
Interest (903)................................ 25,822 28,505 31,417 34,026 37,688 42,197 46,847 53,531 61,239
Other......................................... 5,967 5,378 5,143 5,772 6,486 8,620 10,197 12,509 11,813
--------------------------------------------------------------------------------------------------
Total intragovernmental receipts............. 37,585 39,670 41,994 45,124 49,756 56,903 63,418 72,582 79,813
Other cash income............................... 4 * ......... ......... ......... ......... ......... ......... 1
--------------------------------------------------------------------------------------------------
Total cash income........................... 319,325 342,278 326,085 356,993 386,485 415,687 446,977 484,259 513,871
==================================================================================================
Cash outgo:
Benefit payments................................ 264,582 276,291 288,617 299,985 312,880 324,274 332,383 347,894 367,702
Payments to the railroad retirement account...... 3,353 3,420 4,052 3,554 3,688 3,662 3,681 3,538 3,273
Interest payments............................... -* ......... ......... ......... ......... ......... ......... ......... .........
Administrative expenses......................... 2,026 1,876 1,805 1,793 2,001 1,833 1,851 1,995 2,093
Military service credit adjustment.............. ......... ......... ......... 129 ......... ......... ......... ......... .........
Other outgo (mainly for vocational * ......... ......... ......... ......... ......... ......... ......... -25
rehabilitation).................................
--------------------------------------------------------------------------------------------------
Total cash outgo............................ 269,960 281,586 294,474 305,461 318,569 329,769 337,915 353,427 373,043
==================================================================================================
Surplus or deficit (-)............................ 49,364 60,691 31,611 51,532 67,916 85,918 109,062 130,832 140,828
Fund balance, end of year......................... 355,644 416,335 447,946 499,479 567,395 653,314 762,376 893,208 1,034,03
6
==================================================================================================
Invested balance.................................. 355,510 413,425 447,947 499,403 567,445 653,282 762,226 893,519 1,034,11
4
Uninvested balance................................ 134 2,911 -1 75 -49 32 150 -311 -78
==================================================================================================
Disability insurance trust fund:
Cash income:
Social insurance and retirement receipts......... 30,199 32,419 66,988 55,623 55,261 57,015 60,909 68,907 73,462
Intragovernmental receipts:
Employer share, employee retirement (952)...... 620 622 998 952 901 966 1,011 1,095 1,149
Interest (903)................................ 966 698 1,888 2,481 3,526 4,433 5,224 6,265 7,572
Other......................................... 279 310 341 378 412 539 647 787 770
--------------------------------------------------------------------------------------------------
Total intragovernmental receipts............. 1,865 1,631 3,227 3,811 4,839 5,938 6,882 8,147 9,491
Other cash income............................... 2 * ......... ......... ......... ......... ......... 8 27
--------------------------------------------------------------------------------------------------
Total cash income........................... 32,065 34,049 70,215 59,434 60,100 62,953 67,791 77,062 82,980
==================================================================================================
Cash outgo:
Benefit payments................................ 33,588 36,823 40,201 43,231 45,367 47,680 50,424 54,210 58,159
Payments to the railroad retirement account...... 83 106 68 2 59 157 135 159 10
Administrative expenses......................... 932 1,018 1,064 1,074 1,211 1,565 1,520 1,611 1,764
Military service credit adjustment.............. ......... ......... ......... 203 ......... ......... ......... ......... 836
Other outgo (mainly vocational rehabilitation)... 38 37 47 48 64 57 63 66 62
--------------------------------------------------------------------------------------------------
Total cash outgo............................ 34,641 37,984 41,380 44,558 46,701 49,459 52,142 56,046 60,831
==================================================================================================
Surplus or deficit (-)............................ -2,576 -3,935 28,835 14,876 13,399 13,494 15,649 21,016 22,149
Fund balance, end of year......................... 10,305 6,371 35,206 50,083 63,483 76,979 92,628 113,644 135,793
==================================================================================================
Invested balance.................................. 10,237 6,100 35,225 50,100 63,562 76,996 92,666 113,707 135,842
Uninvested balance................................ 69 271 -19 -17 -79 -17 -37 -64 -49
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.
[[Page 282]]
Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICARE TRUST FUNDS: 1936-2009--Continued
(in millions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1993 1994 1995 1996 1997 1998 1999 2000 2001
--------------------------------------------------------------------------------------------------------------------------------------------------------
Hospital insurance trust fund:
Cash income:
Social insurance and retirement receipts......... 81,224 90,062 96,024 104,997 110,710 119,863 132,268 135,529 149,651
Intragovernmental receipts:
Employer share, employee retirement (951) \2\.. 2,375 2,440 2,449 2,382 2,465 2,499 2,576 2,630 2,704
Interest (902) \2\............................ 10,581 10,593 10,871 10,389 9,757 9,154 9,286 10,470 12,338
Federal Payment (OASI taxes).................. ......... 1,639 3,913 4,069 3,558 5,067 6,552 8,787 4,903
Other......................................... 495 608 591 554 691 197 861 725 725
--------------------------------------------------------------------------------------------------
Total intragovernmental receipts............. 13,450 15,280 17,824 17,394 16,471 16,917 19,275 22,612 20,670
Other (mainly proprietary) receipts:
Premium income................................ 622 852 998 1,107 1,279 1,320 1,401 1,392 1,440
Other (after 1984, mainly for kidney dialysis). 1 1 1 1 89 104 71 148 454
--------------------------------------------------------------------------------------------------
Total cash income........................... 95,297 106,195 114,847 123,499 128,549 138,204 153,015 159,681 172,215
==================================================================================================
Cash outgo:
Benefit payments................................ 90,535 101,350 113,402 123,908 136,010 135,299 129,286 127,698 139,082
Administrative expenses......................... 866 1,235 1,300 1,228 1,203 1,204 1,296 1,262 1,442
Military service credit adjustment.............. ......... ......... ......... 2,366 ......... ......... ......... ......... 1,177
Other........................................... 203 185 181 181 671 795 918 1,070 1,200
--------------------------------------------------------------------------------------------------
Total cash outgo............................ 91,604 102,770 114,883 127,683 137,884 137,298 131,500 130,030 142,901
==================================================================================================
Surplus or deficit (-)............................ 3,693 3,425 -36 -4,184 -9,335 906 21,515 29,651 29,314
Adjustment to balances............................ ......... ......... ......... 1 ......... ......... -2 ......... .........
Transfer of CHI balances.......................... 1,805 ......... ......... ......... ......... ......... ......... ......... .........
Fund balance, end of year......................... 126,131 129,555 129,520 125,337 116,002 116,908 138,421 168,072 197,385
==================================================================================================
Invested balance.................................. 126,078 128,716 129,864 125,805 116,621 118,236 153,767 168,859 197,137
Uninvested balance................................ 52 840 -344 -467 -619 -1,328 -15,346 -787 247
==================================================================================================
Supplementary medical insurance trust fund:
Cash income:
Offsetting collections:
Intragovernmental receipts:
Interest (902).............................. 1,888 2,116 1,935 1,388 2,192 2,606 2,926 3,160 3,187
Federal contributions and other............. 44,227 38,355 36,988 61,702 59,471 59,919 62,185 65,561 69,863
--------------------------------------------------------------------------------------------------
Total intragovernmental receipts........... 46,114 40,471 38,923 63,090 61,663 62,525 65,111 68,721 73,050
Premium income:
From aged participants...................... 13,255 15,212 17,126 16,858 16,984 17,153 17,722 17,961 19,447
From States and other participants........... 1,428 1,683 2,117 2,073 2,158 2,274 2,438 2,554 2,861
--------------------------------------------------------------------------------------------------
Total premium income...................... 14,683 16,895 19,243 18,931 19,142 19,427 20,160 20,515 22,308
Other \4\..................................... 1 2 3 4 1 3 7 4 4
--------------------------------------------------------------------------------------------------
Total cash income........................... 60,799 57,367 58,169 82,025 80,806 81,955 85,278 89,240 95,362
==================================================================================================
Cash outgo:
Benefit payments................................ 52,398 57,997 63,482 67,167 71,115 74,808 78,972 87,169 97,471
Administrative expenses......................... 1,845 1,718 1,722 1,770 1,420 1,431 1,510 1,780 1,926
Other........................................... 11 10 9 9 18 33 36 43 55
--------------------------------------------------------------------------------------------------
Total cash outgo............................ 54,254 59,724 65,213 68,946 72,553 76,272 80,518 88,992 99,452
==================================================================================================
Surplus or deficit (-)............................ 6,545 -2,357 -7,044 13,079 8,253 5,683 4,760 248 -4,090
Transfer of CHI balances.......................... -1,805 ......... ......... ......... ......... ......... ......... ......... .........
Fund balance at end of year....................... 23,276 20,919 13,874 26,953 35,206 40,889 45,649 45,896 41,805
==================================================================================================
Invested balance.................................. 23,268 21,489 13,513 27,175 34,464 39,502 26,529 45,075 41,978
Uninvested balance................................ 8 -570 361 -222 742 1,387 19,120 821 -174
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.
[[Page 283]]
Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICARE TRUST FUNDS: 1936-2009--Continued
(in millions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
2004 2005 2006 2007 2008 2009
2002 2003 estimate estimate estimate estimate estimate estimate
--------------------------------------------------------------------------------------------------------------------------------------------------------
Old age and survivors insurance fund:
Cash income:
Social insurance and retirement receipts.................... 440,541 447,806 456,513 491,627 515,586 543,900 570,695 597,465
Intragovernmental receipts:
Employer share, employee retirement (952)................. 7,591 8,207 9,107 10,223 10,062 10,694 11,518 12,318
Interest (903)........................................... 68,105 73,980 76,487 81,747 89,422 98,889 110,457 123,892
Other.................................................... 13,040 12,367 13,261 14,006 15,168 16,523 18,850 19,680
---------------------------------------------------------------------------------------
Total intragovernmental receipts........................ 88,736 94,554 98,855 105,976 114,652 126,106 140,825 155,890
Other cash income.......................................... 1 1 1 1 1 1 1 1
---------------------------------------------------------------------------------------
Total cash income...................................... 529,278 542,361 555,369 597,604 630,239 670,007 711,521 753,356
=======================================================================================
Cash outgo:
Benefit payments........................................... 383,970 396,597 411,112 424,296 438,597 455,791 476,213 501,284
Payments to the railroad retirement account................. 3,493 3,580 3,630 3,640 3,454 3,595 3,606 3,624
Administrative expenses.................................... 2,118 2,519 2,546 2,685 2,647 2,666 2,698 2,727
Other outgo (mainly for vocational rehabilitation).......... ......... 2 5 6 ......... ......... ......... .........
---------------------------------------------------------------------------------------
Total cash outgo....................................... 389,581 402,698 417,293 430,627 444,698 462,052 482,517 507,635
=======================================================================================
Surplus or deficit (-)....................................... 139,697 139,663 138,076 166,977 185,541 207,955 229,004 245,721
Fund balance, end of year.................................... 1,173,73 1,313,39 1,451,47 1,618,44 1,803,98 2,011,94 2,240,94 2,486,66
3 5 1 8 9 4 8 9
=======================================================================================
Invested balance............................................. 1,173,75 1,313,42 1,451,47 1,618,44 1,803,98 2,011,94 2,240,94 2,486,66
9 7 1 8 9 4 8 9
Uninvested balance........................................... -26 -32 ......... ......... ......... ......... ......... .........
=======================================================================================
Disability insurance trust fund:
Cash income:
Social insurance and retirement receipts.................... 74,780 76,036 77,491 83,474 87,551 92,361 96,910 101,457
Intragovernmental receipts:
Employer share, employee retirement (952)................. 1,287 1,395 1,547 1,735 1,709 1,816 1,956 2,092
Interest (903)........................................... 8,715 9,565 9,799 10,171 10,702 11,282 11,962 12,748
Other.................................................... 972 949 1,085 1,166 1,304 1,452 1,706 1,827
---------------------------------------------------------------------------------------
Total intragovernmental receipts........................ 10,974 11,909 12,431 13,072 13,715 14,550 15,624 16,667
Other cash income.......................................... 36 40 44 45 46 47 49 51
---------------------------------------------------------------------------------------
Total cash income...................................... 85,790 87,985 89,966 96,591 101,312 106,958 112,583 118,175
=======================================================================================
Cash outgo:
Benefit payments \5\....................................... 64,202 69,789 76,639 81,819 86,517 91,794 95,798 102,207
Payments to the railroad retirement account................. 154 167 203 243 244 284 303 323
Administrative expenses.................................... 2,008 1,968 2,024 2,224 2,173 2,173 2,187 2,195
Other outgo (mainly vocational rehabilitation).............. 68 58 107 170 ......... ......... ......... .........
---------------------------------------------------------------------------------------
Total cash outgo....................................... 66,432 71,982 78,973 84,456 88,934 94,251 98,288 104,725
=======================================================================================
Surplus or deficit (-)....................................... 19,358 16,003 10,993 12,135 12,378 12,707 14,295 13,450
Fund balance, end of year.................................... 155,151 171,153 182,146 194,279 206,657 219,364 233,659 247,109
=======================================================================================
Invested balance............................................. 155,287 170,793 182,146 194,279 206,657 219,364 233,659 247,109
Uninvested balance........................................... -137 360 ......... ......... ......... ......... ......... .........
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.
[[Page 284]]
Table 13.1--CASH INCOME, OUTGO, AND BALANCES OF THE SOCIAL SECURITY AND MEDICARE TRUST FUNDS: 1936-2009--Continued
(in millions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
2004 2005 2006 2007 2008 2009
2002 2003 estimate estimate estimate estimate estimate estimate
--------------------------------------------------------------------------------------------------------------------------------------------------------
Hospital insurance trust fund:
Cash income:
Social insurance and retirement receipts.................... 149,049 147,186 150,540 165,173 173,748 183,790 193,294 202,831
Intragovernmental receipts:
Employer share, employee retirement (951) \2\............. 2,913 3,049 3,257 3,557 3,480 3,634 3,838 4,034
Interest (902) \2\....................................... 13,774 14,791 14,753 14,648 14,930 15,542 16,522 17,758
Federal Payment (OASI taxes)............................. 10,946 8,318 7,743 9,052 10,024 11,001 12,637 13,902
Other.................................................... 1,201 641 689 624 558 575 590 604
---------------------------------------------------------------------------------------
Total intragovernmental receipts........................ 28,834 26,799 26,442 27,881 28,992 30,752 33,587 36,298
Other (mainly proprietary) receipts:
Premium income........................................... 1,525 1,598 1,712 1,892 1,987 2,076 2,180 2,299
Other (after 1984, mainly for kidney dialysis)............ 331 231 233 233 233 233 233 233
---------------------------------------------------------------------------------------
Total cash income...................................... 179,739 175,814 178,927 195,179 204,960 216,851 229,294 241,661
=======================================================================================
Cash outgo:
Benefit payments \6\....................................... 145,308 150,967 166,241 181,415 186,391 195,128 204,527 216,100
Payments to Stabilization Fund............................. ......... ......... ......... ......... ......... 706 943 944
Administrative expenses.................................... 1,484 1,543 1,723 1,755 1,780 1,769 1,779 1,783
Other \6\.................................................. 1,221 1,310 1,366 1,376 ......... ......... ......... .........
---------------------------------------------------------------------------------------
Total cash outgo....................................... 148,013 153,820 169,330 184,546 188,171 197,603 207,249 218,827
=======================================================================================
Surplus or deficit (-)....................................... 31,726 21,994 9,597 10,633 16,789 19,248 22,045 22,834
Adjustment to balances....................................... ......... -13 ......... ......... ......... ......... ......... .........
Fund balance, end of year.................................... 229,111 251,091 260,688 271,321 288,110 307,358 329,403 352,237
=======================================================================================
Invested balance............................................. 228,906 251,297 260,688 271,321 288,110 307,358 329,403 352,237
Uninvested balance........................................... 204 -206 ......... ......... ......... ......... ......... .........
=======================================================================================
Supplementary medical insurance trust fund:
Cash income:
Offsetting collections:
Intragovernmental receipts:
Interest (902)......................................... 2,916 2,452 2,006 2,021 2,534 2,775 2,950 3,113
Federal contributions and other........................ 78,334 80,910 96,839 116,778 166,319 181,217 193,056 205,704
---------------------------------------------------------------------------------------
Total intragovernmental receipts...................... 81,250 83,362 98,845 118,799 168,853 183,992 196,006 208,817
Premium income:
From aged participants................................. 21,173 23,115 26,117 29,793 31,305 32,298 34,260 36,374
For prescription drugs................................. ......... ......... ......... ......... 10,465 15,004 16,397 17,871
From States and other participants...................... 3,254 3,720 4,340 5,118 11,842 14,668 15,638 16,641
---------------------------------------------------------------------------------------
Total premium income................................. 24,427 26,835 30,457 34,911 53,612 61,970 66,295 70,886
Other \4\................................................ 3 -1 ......... ......... ......... ......... ......... .........
---------------------------------------------------------------------------------------
Total cash income...................................... 105,680 110,196 129,302 153,710 222,465 245,962 262,301 279,703
=======================================================================================
Cash outgo:
Benefit payments \6\....................................... 106,901 121,740 130,427 143,550 205,528 239,633 255,591 272,953
Payments to Stabilization Fund............................. ......... ......... ......... ......... ......... 606 806 805
Administrative expenses.................................... 1,717 2,245 2,786 2,877 2,927 2,770 2,790 2,800
Other \6\.................................................. 207 70 76 78 ......... ......... ......... .........
---------------------------------------------------------------------------------------
Total cash outgo....................................... 108,825 124,055 133,289 146,505 208,455 243,009 259,187 276,558
=======================================================================================
Surplus or deficit (-)....................................... -3,145 -13,859 -3,987 7,205 14,010 2,953 3,114 3,145
Fund balance at end of year.................................. 38,660 24,801 20,814 28,019 42,029 44,982 48,096 51,241
=======================================================================================
Invested balance............................................. 38,804 24,850 20,814 28,019 42,029 44,982 48,096 51,241
Uninvested balance........................................... -145 -49 ......... ......... ......... ......... ......... .........
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes on following page.
Note: Figures for 2006-2009 for SMI trust fund income and surplus or deficit (-) have been corrected.
[[Page 285]]
* $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 2005, includes outlays for vocational rehabilitation.
\6\ For years after 2005, 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 (OASI) account and to the Supplementary
Medical insurance (SMI) account are treated as offsets to cash outgo rather than as cash income. As a result, the partial transfer to SMI of Hospital
Insurance (HI) home health is shown as benefit payments under HI rather than SMI. Similarly, transfers to Medicaid for payment of SMI premiums, which
began in 2001, are shown as benefits under SMI.