2008 OASDI Trustees Report

C. FISCAL YEAR HISTORICAL DATA AND
PROJECTIONS THROUGH 2017

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 2007, 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 2007 [In millions]

Total assets, September 30, 2006					$1,792,220
Receipts:
	Contributions:
		Employment taxes		$555,311
		Payments from the General Fund of the Treasury for contributions subject to refund		-1,897
			Net contributions		553,414
	Income based on taxation of benefit payments:
		Withheld from benefit payments to nonresident aliens		143
		All other, not subject to withholding		16,518
			Total income from taxation of benefits		16,661
	Reimbursement from the general fund for costs of payments to unin- sured persons who attained age 72 before 1968				1/
	Investment income and interest adjustments:
		Interest on investments		95,330
		Interest adjustments 2		-2,030
			Net investment income and interest adjustments		93,300
	Gifts				1
Total receipts					663,376
Disbursements:
	Benefit payments:
		Monthly benefits and lump-sum death benefits		479,482
		Reimbursement from the general fund for excess amounts of voluntary income tax withholding		-849
		Transfer to the DI Trust Fund to correct a trust fund allocation error made on pay­ments to certain dually entitled disabled beneficiaries		3,253
		Reimbursement from the general fund for unnegotiated checks		-60
		Payment for costs of vocational rehabilitation services for disabled beneficiaries		3
			Net benefit payments		481,828
	Transfer to the Railroad Retirement “Social Security Equivalent Benefit Account”				3,575
	Administrative expenses:
		Costs incurred by:
			Social Security Administration	2,569
			Department of the Treasury	586
		Offsetting receipts from sales of supplies, materials, etc.		1/
		Miscellaneous reimbursements from the general fund 3		-4
			Net administrative expenses		3,151
Total disbursements					488,553
Net increase in assets					174,822
Total assets, September 30, 2007					1,967,042

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1

Between -$0.5 and $0.5 million.

2

Includes (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 certain reim­bursements to the trust fund.

3

Reimbursements 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 2007 [In millions]

Total assets, September 30, 2006					$201,938
Receipts:
	Contributions:
		Employment taxes		$94,295
		Payments from the General Fund of the Treasury for contributions subject to refund		-322
			Net contributions		93,973
	Income based on taxation of benefit payments:
		Withheld from benefit payments to nonresident aliens		4
		All other, not subject to withholding		1,347
			Total income from taxation of benefits		1,351
	Investment income and interest adjustments:
		Interest on investments		10,673