2003 OASDI Trustees Report

Contents Previous Next List of Tables List of Figures Index

VI. APPENDICES

C. FISCAL YEAR HISTORICAL DATA AND PROJECTIONS THROUGH 2012

Tables VI.C1, VI.C2, and VI.C3 present detailed operations of the OASI, DI, and the combined OASI and DI Trust Funds, respectively, for fiscal year 2002, the most recent fiscal year for which complete actual information is available. These tables are similar to the calendar year operations tables in section III.A. Please see that section for a description of the various items of income and outgo.

Table VI.C1.--Operations of the OASI Trust Fund, Fiscal Year 2002 

[In millions]


Total assets, September 30, 2001
 
$1,033,840
Receipts:
 
Contributions:
 
 
 
 
Employment taxes
$448,991
 
 
 
Payments from the General Fund of the Treasury for contributions subject to refund
-858
 
 
 
 
Net contributions
 
448,133
 

Income based on taxation of benefit payments:
 
 
 
 
Withheld from benefit payments to nonresident aliens
145
 
 
 
All other, not subject to withholding
12,452
 
 
 
 
Total income from taxation of benefits
 
12,597
 

Transfer from General Fund of the Treasury to adjust previous determinations of costs attributable
to noncontributory wage credits for military service before 1957
 
414
 
Investment income and interest adjustments:
 
 
 
 
Interest on investments
68,105
 
 
Interest adjustments 1
8
 
 
 
 
Total investment income and interest adjustments
 
68,113
 
Gifts
 
2/
Total receipts
 
529,257

Disbursements:
 
 
 
Benefit payments:
 
 
 
 
Gross benefit payments
385,119
 
 
 
Offset for collected overpayments
-1,128
 
 
 
Reimbursement from the general fund for unnegotiated checks
-50
 
 
 
 
Net benefit payments
 
383,942
 

Transfer to the Railroad Retirement "Social Security Equivalent Benefit Account"
 
3,493
 
Administrative expenses:
 
 
 
 
Costs incurred by:
 
 
 
 
 
Social Security Administration
1,893
 
 
 
 
Department of the Treasury
225
 
 
 
Offsetting receipts from sales of supplies, materials, etc.
-1
 
 
 
Miscellaneous reimbursements from the general fund 3
-5
 
 
 
 
Net administrative expenses
 
2,111
Total disbursements
 
389,546
Net increase in assets
 
139,711
Total assets, September 30, 2002
 
1,173,551

1Includes (1) interest on transfers between the trust fund and the general fund account for the Supplemental Security Income program due to adjustments in the allocation of administrative expenses, (2) interest arising from the revised allocation of administrative expenses among the trust funds and (3) interest on reimbursements to the trust fund for costs associated with union activities and pension reform.

2Less than $500,000.

3Reimbursements for costs incurred in performing certain legislatively mandated activities not directly related to administering the OASI program.

Note: Totals do not necessarily equal the sums of rounded components.

Table VI.C2.--Operations of the DI Trust Fund, Fiscal Year 2002 

[In millions]


Total assets, September 30, 2001
 
$135,901
Receipts:
 
 
 
Contributions:
 
 
 
 
Employment taxes
$76,220
 
 
 
Payments from the General Fund of the Treasury for contributions subject to refund
-152
 
 
 
 
Net contributions
 
76,067
 

Income based on taxation of benefit payments:
 
 
 
 
Withheld from benefit payments to nonresident aliens
6
 
 
 
All other, not subject to withholding
930
 
 
 
 
Total income from taxation of benefits
 
936
 

Investment income and interest adjustments:
 
 
 
 
Interest on investments
8,714
 
 
 
Interest adjustments1
3
 
 
 
 
Total investment income and interest adjustments
 
8,717
Total receipts
 
85,720

Disbursements:
 
 
 
Benefit payments:
 
 
 
 
Gross benefit payments
64,569
 
 
 
Offset for collected overpayments
-413
 
 
 
Reimbursement from the general fund for unnegotiated checks
-18
 
 
 
 
Net benefit payments
 
64,138
 

Transfer to the Railroad Retirement "Social Security Equivalent Benefit Account"
 
154
 
Payment for costs of vocational rehabilitation services for disabled beneficiaries
 
67
 
Administrative expenses:
 
 
 
 
Costs incurred by:
 
 
 
 
 
Social Security Administration
1,966
 
 
 
 
Department of the Treasury
42
 
 
 
Miscellaneous reimbursements from the general fund 2
-3
 
 
 
 
Net administrative expenses
 
2,005
Total disbursements
 
66,364
Net increase in assets
 
19,356
Total assets, September 30, 2002
 
155,258

1Includes (1) interest on transfers between the trust fund and the general fund account for the Supplemental Security Income program due to adjustments in the allocation of administrative expenses, (2) interest arising from the revised allocation of administrative expenses among the trust funds, (3) interest earned on the investments of the trust fund, and (4) interest on reimbursements to the trust fund for costs associated with union activities and pension reform.

2Reimbursements for costs incurred in performing certain legislatively mandated activities not directly related to administering the DI program.

Note: Totals do not necessarily equal the sums of rounded components.

Table VI.C3.--Operations of the Combined OASI and DI Trust Funds, Fiscal Year 2002 

[In millions]


Total assets, September 30, 2001
 
$1,169,741
Receipts:
 
 
 
Contributions:
 
 
 
 
Employment taxes
$525,211
 
 
 
Payments from the General Fund of the Treasury for contributions subject to refund
-1,011
 
 
 
 
Net contributions
 
524,200
 

Income based on taxation of benefit payments:
 
 
 
 
Withheld from benefit payments to nonresident aliens
151
 
 
 
All other, not subject to withholding
13,382
 
 
 
 
Total income from taxation of benefits
 
13,533
 

Transfer from General Fund of the Treasury to adjust previous determinations of costs attributable
to noncontributory wage credits for military service before 1957
 
414
 
Investment income and interest adjustments:
 
 
 
 
Interest on investments
76,819
 
 
 
Interest adjustments1
10
 
 
 
 
Total investment income and interest adjustments
 
76,830
 
Gifts
 
2/
Total receipts
 
614,977

Disbursements:
 
 
 
Benefit payments:
 
 
 
 
Gross benefit payments
449,688
 
 
 
Offset for collected overpayments
-1,540
 
 
 
Reimbursement from the general fund for unnegotiated checks
-67
 
 
 
 
Net benefit payments
 
448,080
 

Transfer to the Railroad Retirement "Social Security Equivalent Benefit Account"
 
3,647
 
Payment for costs of vocational rehabilitation services for disabled beneficiaries
 
67
 
Administrative expenses:
 
 
 
 
Costs incurred by:
 
 
 
 
 
Social Security Administration
3,859
 
 
 
 
Department of the Treasury
267
 
 
 
Offsetting receipts from sales of supplies, materials, etc.
-1
 
 
 
Miscellaneous reimbursements from the general fund3
-9
 
 
 
 
Net administrative expenses
 
4,116
Total disbursements
 
455,910
Net increase in assets
 
159,067
Total assets, September 30, 2002
 
1,328,808

1Includes (1) interest on transfers between the trust fund and the general fund account for the Supplemental Security Income program due to adjustments in the allocation of administrative expenses, (2) interest arising from the revised allocation of administrative expenses among the trust funds, (3) interest earned on the investments of the trust fund, and (4) interest on reimbursements to the trust fund for costs associated with union activities and pension reform.

2Less than $500,000.

3Reimbursements for costs incurred in performing certain legislatively mandated activities not directly related to administering the OASI and DI programs.

Note: Totals do not necessarily equal the sums of rounded components.

Estimates of the operations and status of the OASI, DI and the combined OASI and DI Trust Funds during fiscal years (12 months ending on September 30) 1998-2012 are presented in tables VI.C4, VI.C5 and VI.C6, respectively.

Table VI.C4.--Operations of the OASI Trust Fund in Fiscal Years 1998-2012

[Amounts in billions]

Fiscal year
Income 
 
Cost
 
Assets
Total1
Net
contri-
butions
Taxa-
tion of
benefits
Net
inter-
est 
Total
Benefit
pay-
ments 
Admin-
istra-
tive costs
RRB
inter-
change
Net
increase
during
year
Amount
at end
of year
Trust
fund
ratio 2
Historical data:
 
1998
$415.7
$364.9
$8.6
$42.2
 
$330.0
$324.3
$2.0
$3.7
 
$85.7
$653.1
172
 
1999
447.0
389.9
10.2
46.8
 
337.9
332.4
1.8
3.7
 
109.1
762.2
193
 
2000
484.2
418.2
12.5
53.5
 
353.4
347.9
2.0
3.5
 
130.8
893.0
216
 
2001
513.8
440.8
11.8
61.2
 
373.0
367.7
2.1
3.3
 
140.8
1,033.8
239
 
2002
529.3
448.1
12.6
68.1
 
389.5
383.9
2.1
3.5
 
139.7
1,173.6
265
Intermediate:
 
2003
547.2
460.2
12.9
74.1
 
402.3
396.2
2.4
3.7
 
145.0
1,318.5
292
 
2004
573.4
479.2
12.4
81.8
 
414.8
408.7
2.5
3.7
 
158.6
1,477.1
318
 
2005
616.3
511.3
13.3
91.7
 
431.8
425.6
2.5
3.7
 
184.5
1,661.6
342
 
2006
654.4
536.5
14.2
103.7
 
451.0
445.0
2.5
3.5
 
203.4
1,864.9
368
 
2007
699.1
566.7
15.5
117.0
 
474.1
468.0
2.5
3.7
 
225.0
2,090.0
393
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2008
744.0
595.4
17.0
131.6
 
500.8
494.6
2.5
3.7
 
243.2
2,333.2
417
 
2009
789.7
624.5
18.6
146.6
 
530.1
523.9
2.5
3.7
 
259.7
2,592.8
440
 
2010
841.9
659.1
20.3
162.5
 
563.1
556.8
2.5
3.7
 
278.9
2,871.7
460
 
2011
895.7
693.2
23.4
179.2
 
599.5
593.4
2.6
3.6
 
296.2
3,167.9
479
 
2012
946.6
723.9
26.0
196.7
 
639.9
633.4
2.6
3.9
 
306.8
3,474.7
495
Low Cost:
 
2003
548.5
461.3
12.9
74.3
 
402.1
396.1
2.4
3.7
 
146.4
1,319.9
292
 
2004
581.2
486.3
12.3
82.5
 
414.1
408.0
2.5
3.6
 
167.0
1,486.9
319
 
2005
622.6
517.0
13.2
92.3
 
429.0
422.8
2.5
3.7
 
193.6
1,680.5
347
 
2006
658.2
541.0
14.0
103.2
 
444.9
438.9
2.4
3.5
 
213.3
1,893.9
378
 
2007
699.8
569.6
15.1
115.0
 
463.2
457.2
2.4
3.6
 
236.5
2,130.4
409
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2008
741.4
597.0
16.4
128.0
 
483.6
477.6
2.4
3.6
 
257.8
2,388.2
441
 
2009
785.2
625.0
17.7
142.5
 
506.7
500.7
2.4
3.5
 
278.5
2,666.7
471
 
2010
834.9
658.0
19.2
157.7
 
532.9
527.0
2.5
3.5
 
302.0
2,968.7
500
 
2011
886.6
690.1
21.9
174.5
 
562.0
556.2
2.5
3.3
 
324.6
3,293.4
528
 
2012
935.3
718.7
24.2
192.4
 
594.3
588.2
2.5
3.6
 
341.0
3,634.4
554
High Cost:
 
2003
544.5
457.6
12.9
74.0
 
402.4
396.3
2.4
3.7
 
142.2
1,315.7
292
 
2004
558.5
466.0
12.4
80.1
 
416.6
410.5
2.5
3.7
 
141.9
1,457.6
316
 
2005
613.4
508.0
13.5
91.9
 
436.5
430.3
2.5
3.7
 
176.9
1,634.5
334
 
2006
659.2
535.4
14.6
109.1
 
464.0
457.9
2.5
3.6
 
195.1
1,829.6
352
 
2007
703.4
561.7
16.4
125.3
 
501.4
495.0
2.5
3.8
 
202.0
2,031.6
365
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2008
773.5
608.2
18.5
146.9
 
542.8
536.2
2.6
4.0
 
230.8
2,262.4
374
 
2009
832.0
645.3
20.5
166.2
 
585.4
578.6
2.7
4.1
 
246.7
2,509.0
387
 
2010
887.9
684.0
22.7
181.2
 
628.8
621.8
2.7
4.3
 
259.1
2,768.2
399
 
2011
945.1
722.4
26.4
196.4
 
674.9
667.9
2.7
4.3
 
270.2
3,038.3
410
 
2012
998.6
757.1
29.6
211.9
 
726.0
718.6
2.8
4.6
 
272.6
3,311.0
419

1"Total Income" column includes transfers made between the OASI Trust Fund and the General Fund of the Treasury that are not included in the separate components of income shown. These transfers consist of payments for (1) the cost of noncontributory wage credits for military service before 1957, and (2) the cost of benefits to certain uninsured persons who attained age 72 before 1968. In February 2002, $414 million was transferred from the General Fund of the Treasury to the OASI Trust Fund for the cost of pre-1957 military service wage credits. Otherwise, these transfers are estimated to be less than $500,000 in each year of the projection period.

2The "Trust fund ratio" column represents assets at the beginning of a year (which are identical to assets at the end of the prior year shown in the "Amount at end of year" column) as a percentage of cost for the year. See text concerning interpretation of these ratios.

Note: Totals do not necessarily equal the sums of rounded components.

Table VI.C5.--Operations of the DI Trust Fund in Fiscal Years 1998-2012 

[Amounts in billions]

Fiscal year
Income 
 
Cost
 
Assets
Total1
Net
contri-
butions
Taxa-
tion of
benefits
Net
inter-
est 
Total
Benefit
pay-
ments 
Admin-
istra-
tive costs
RRB
inter-
change
Net
increase
during
year
Amount
at end
of year
Trust
fund
ratio 2
Historical data:
 
1998
$62.9
$58.0
$0.5
$4.4
 
$49.3
$47.6
$1.6
$0.2
 
$13.6
$77.1
129
 
1999
67.8
61.9
.6
5.2
 
52.1
50.5
1.5
.1
 
15.7
92.7
148
 
2000
77.0
70.0
.8
6.3
 
56.0
54.2
1.6
.2
 
21.0
113.8
166
 
2001
82.1
74.6
.7
7.6
 
59.9
58.2
1.8
3/
 
22.1
135.9
190
 
2002
85.7
76.1
.9
8.7
 
66.4
64.2
2.0
.2
 
19.4
155.3
205
Intermediate:
 
2003
88.7
78.1
1.0
9.6
 
71.7
69.7
1.8
.2
 
17.0
172.2
217
 
2004
92.8
81.4
1.0
10.5
 
78.5
76.2
2.0
.2
 
14.4
186.6
219
 
2005
99.3
86.8
1.1
11.4
 
84.7
82.4
2.1
.3
 
14.6
201.1
220
 
2006
104.6
91.1
1.2
12.3
 
90.0
87.6
2.2
.3
 
14.6
215.7
223
 
2007
110.8
96.2
1.3
13.3
 
95.9
93.3
2.3
.3
 
14.9
230.6
225
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2008
116.8
101.1
1.5
14.3
 
102.5
99.8
2.4
.3
 
14.3
245.0
225
 
2009
122.8
106.1
1.7
15.1
 
110.1
107.2
2.6
.3
 
12.7
257.7
223
 
2010
129.6
111.9
1.9
15.9
 
117.7
114.6
2.7
.4
 
11.9
269.6
219
 
2011
136.4
117.7
2.2
16.5
 
125.6
122.4
2.9
.4
 
10.8
280.5
215
 
2012
142.6
122.9
2.5
17.1
 
133.7
130.3
3.0
.4
 
8.8
289.3
210
Low Cost:
 
2003
88.9
78.3
1.0
9.6
 
70.6
68.6
1.8
.2
 
18.2
173.5
220
 
2004
94.2
82.6
.9
10.7
 
75.7
73.5
2.0
.2
 
18.5
192.0
229
 
2005
100.6
87.8
1.0
11.8
 
80.4
78.1
2.1
.3
 
20.2
212.2
239
 
2006
105.9
91.9
1.1
12.9
 
84.0
81.5
2.2
.3
 
21.9
234.1
253
 
2007
112.1
96.7
1.2
14.1
 
87.7
85.1
2.3
.3
 
24.4
258.5
267
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2008
118.2
101.4
1.3
15.5
 
91.9
89.2
2.4
.3
 
26.3
284.7
281
 
2009
124.5
106.1
1.4
16.9
 
96.7
93.8
2.5
.3
 
27.9
312.6
295
 
2010
131.8
111.7
1.6
18.5
 
101.2
98.2
2.6
.3
 
30.6
343.2
309
 
2011
139.2
117.2
1.8
20.1
 
105.9
102.8
2.8
.3
 
33.3
376.4
324
 
2012
146.1
122.0
2.1
22.0
 
110.7
107.4
2.9
.3
 
35.4
411.8
340
High Cost:
 
2003
88.2
77.7
1.0
9.6
 
73.7
71.6
1.8
.2
 
14.6
169.8
211
 
2004
90.2
79.1
1.0
10.1
 
83.2
81.0
2.0
.2
 
7.0
176.8
204
 
2005
98.2
86.3
1.2
10.7
 
92.1
89.7
2.1
.3
 
6.1
182.9
192
 
2006
103.7
90.9
1.3
11.4
 
100.7
98.2
2.2
.3
 
3.0
185.9
182
 
2007
108.6
95.4
1.5
11.8
 
111.2
108.5
2.4
.3
 
-2.5
183.4
167
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2008
116.9
103.3
1.8
11.8
 
122.7
119.8
2.6
.4
 
-5.8
177.5
149
 
2009
123.0
109.6
2.0
11.4
 
134.7
131.6
2.7
.4
 
-11.7
165.9
132
 
2010
129.1
116.2
2.3
10.7
 
145.9
142.6
2.9
.4
 
-16.8
149.1
114
 
2011
135.0
122.7
2.8
9.6
 
157.4
153.8
3.1
.4
 
-22.4
126.7
95
 
2012
139.9
128.6
3.2
8.1
 
169.2
165.4
3.3
.5
 
-29.3
97.4
75

1"Total Income" column includes transfers made between the DI Trust Fund and the General Fund of the Treasury that are not included in the separate components of income shown. These transfers consist of payments for the cost of noncontributory wage credits for military service before 1957. In particular, a transfer was made in December 2000 in the amount of $836 million from the DI Trust Fund to the General Fund of the Treasury. Such transfers are estimated to be less than $500,000 in each year of the projection period.

2The "Trust fund ratio" column represents assets at the beginning of a year (which are identical to assets at the end of the prior year shown in the "Amount at end of year" column) as a percentage of cost for the year. See text concerning interpretation of these ratios.

3Less than $50 million.

Note: Totals do not necessarily equal the sums of rounded components.

Table VI.C6.--Operations of the Combined OASI and DI Trust Funds in Fiscal Years 1998-2012 

[Amounts in billions]

Fiscal year
Income 
 
Cost
 
Assets
Total1
Net
contri-
butions
Taxa-
tion of
benefits
Net
inter-
est 
Total
Benefit
pay-
ments 
Admin-
istra-
tive costs
RRB
inter-
change
Net
increase
during
year
Amount
at end
of year
Trust
fund
ratio 2
Historical data:
 
1998
$478.6
$422.9
$9.1
$46.6
 
$379.3
$371.9
$3.6
$3.8
 
$99.3
$730.2
166
 
1999
514.7
451.9
10.8
52.1
 
390.0
382.8
3.4
3.8
 
124.7
854.9
187
 
2000
561.3
488.2
13.2
59.8
 
409.4
402.1
3.6
3.7
 
151.8
1,006.8
209
 
2001
595.9
515.4
12.5
68.8
 
432.9
425.8
3.8
3.3
 
163.0
1,169.7
233
 
2002
615.0
524.2
13.5
76.8
 
455.9
448.1
4.1
3.6
 
159.1
1,328.8
257
Intermediate:
 
2003
635.9
538.3
13.9
83.7
 
474.0
465.9
4.2
3.9
 
161.9
1,490.7
280
 
2004
666.3
560.6
13.3
92.3
 
493.3
484.9
4.5
3.9
 
172.9
1,663.7
302
 
2005
715.6
598.1
14.4
103.0
 
516.5
508.0
4.6
3.9
 
199.1
1,862.7
322
 
2006
759.0
627.6
15.4
116.0
 
541.1
532.6
4.6
3.8
 
217.9
2,080.6
344
 
2007
809.9
662.9
16.8
130.2
 
570.0
561.2
4.8
4.0
 
240.0
2,320.6
365
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2008
860.9
696.5
18.5
145.9
 
603.3
594.4
4.9
4.0
 
257.6
2,578.2
385
 
2009
912.5
730.6
20.2
161.7
 
640.2
631.1
5.1
4.0
 
272.4
2,850.6
403
 
2010
971.6
771.0
22.2
178.4
 
680.8
671.5
5.2
4.1
 
290.8
3,141.3
419
 
2011
1,032.2
810.9
25.6
195.7
 
725.2
715.7
5.4
4.0
 
307.0
3,448.3
433
 
2012
1,089.2
846.8
28.6
213.8
 
773.6
763.7
5.6
4.3
 
315.6
3,763.9
446
Low Cost:
 
2003
637.3
539.6
13.9
83.9
 
472.8
464.7
4.2
3.9
 
164.6
1,493.4
281
 
2004
675.4
568.8
13.3
93.2
 
489.9
481.5
4.5
3.9
 
185.5
1,678.9
305
 
2005
723.2
604.8
14.3
104.1
 
509.4
500.9
4.6
3.9
 
213.8
1,892.7
330
 
2006
764.1
632.9
15.1
116.1
 
528.8
520.5
4.6
3.7
 
235.3
2,128.0
358
 
2007
811.8
666.3
16.3
129.2
 
550.9
542.3
4.7
3.9
 
260.9
2,388.9
386
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2008
859.6
698.4
17.7
143.5
 
575.5
566.9
4.8
3.9
 
284.1
2,673.0
415
 
2009
909.7
731.1
19.2
159.4
 
603.3
594.5
5.0
3.8
 
306.3
2,979.3
443
 
2010
966.7
769.7
20.8
176.2
 
634.1
625.2
5.1
3.8
 
332.6
3,311.9
470
 
2011
1,025.8
807.3
23.8
194.7
 
667.9
659.0
5.3
3.7
 
357.9
3,669.8
496
 
2012
1,081.4
840.8
26.3
214.4
 
704.9
695.6
5.4
3.9
 
376.4
4,046.2
521
High Cost:
 
2003
632.8
535.3
13.9
83.5
 
476.0
467.9
4.2
3.9
 
156.7
1,485.5
279
 
2004
648.8
545.1
13.4
90.2
 
499.9
491.5
4.5
3.9
 
148.9
1,634.4
297
 
2005
711.5
594.2
14.7
102.7
 
528.6
520.0
4.6
4.0
 
183.0
1,817.4
309
 
2006
762.8
626.3
16.0
120.6
 
564.7
556.2
4.7
3.8
 
198.1
2,015.5
322
 
2007
812.0
657.0
17.9
137.1
 
612.5
603.5
4.9
4.2
 
199.5
2,215.0
329
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2008
890.4
711.4
20.2
158.7
 
665.5
656.0
5.2
4.3
 
224.9
2,439.9
333
 
2009
955.0
754.8
22.5
177.7
 
720.1
710.2
5.4
4.5
 
235.0
2,674.9
339
 
2010
1,017.1
800.2
25.0
191.9
 
774.7
764.4
5.6
4.7
 
242.3
2,917.2
345
 
2011
1,080.1
845.0
29.1
205.9
 
832.3
821.8
5.8
4.7
 
247.8
3,165.0
350
 
2012
1,138.4
885.7
32.7
220.0
 
895.1
884.0
6.1
5.1
 
243.3
3,408.4
354

1"Total Income" column includes transfers made between the OASI and DI Trust Funds and the General Fund of the Treasury that are not included in the separate components of income shown. These transfers consist of payments for (1) the cost of noncontributory wage credits for military service before 1957, and (2) the cost of benefits to certain uninsured persons who attained age 72 before 1968. In particular, a transfer was made in December 2000 in the amount of $836 million from the DI Trust Fund to the General Fund of the Treasury. In February 2002, $414 million was transferred from the General Fund of the Treasury to the OASI Trust Fund for the cost of pre-1957 military service wage credits. Otherwise, these transfers are estimated to be less than $500,000 in each year of the projection period.

2The "Trust fund ratio" column represents assets at the beginning of a year (which are identical to assets at the end of the prior year shown in the "Amount at end of year" column) as a percentage of cost for the year. See text concerning interpretation of these ratios.


Note: Totals do not necessarily equal the sums of rounded components.


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