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Table IV.A1.—Operations of the OASI Trust Fund, Calendar Years 2009-23 a
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[Dollar amounts in billions]
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IncomeCostAsset Reserves
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TotalNet pay-GFTaxa-NetTotalBenefitAdmin-RRBNetAmountTrust
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roll tax contri-reim-tion ofinterestpay-mentscistra-inter-increaseat endfund
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butionsburse-benefitstivechangeduringof yearratio 5
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mentsbcostsyear
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Calendar
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year
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Historical data:
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2009698.2570.4e19.9107.9564.3557.23.43.7133.92,336.80390
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2010677.1544.82.022.1108.2584.9577.43.53.992.22,429.00400
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2011698.8482.487.822.2106.5603.8596.23.54.1952,524.10402
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2012731.1503.997.726.7102.8645.5637.93.44.185.62,609.70391
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2013743.8620.84.220.798.1679.5672.13.43.964.32,674.00384
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Intermediate:
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2014768643.90.52895.6716.4709.52.84.151.52,725.50373
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2015816.8691.10.330.794.7758.7751.23.24.258.12,783.70359
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2016858.8729.20.133.895.7807.5799.93.34.351.32,835.00345
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2017909.7773.50.137.498.8861.1853.53.44.148.62,883.60329
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2018965.3820.7e40.9103.6920.5912.43.64.644.72,928.30313
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20191,019.00865.8e44.7108.4985.1976.73.74.733.92,962.20297
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20201,072.00910.9e48.6112.51,054.601,045.903.84.917.42,979.50281
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20211,124.30956.5e52.6115.21,122.901,114.103.94.91.42,980.90265
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20221,176.301,001.80e56.9117.61,197.301,188.1045.2-212,959.90249
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20231,228.201,046.70e61.6119.91,277.101,267.704.15.3-48.92,911.00232
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Low-cost:
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2014774.2649.40.52896.4716.3709.42.84.157.92,731.90373
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2015848717.70.330.899.2759.9752.43.24.288.12,820.00360
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2016912.7771.80.134.2106.7816.2808.73.34.396.52,916.50345
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2017991.38360.138.2117.1880.2872.63.54.1111.13,027.60331
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20181,071.30900.5e42.2128.6949.7941.43.74.6121.63,149.20319
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20191,151.10964.1e46.5140.51,023.901,015.303.94.8127.13,276.30308
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20201,232.801,028.90e50.91531,103.301,094.304.15129.53,405.80297
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20211,316.001,094.70e55.41661,182.701,173.404.25133.43,539.10288
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20221,405.201,164.50e60.4180.31,269.601,259.904.45.3135.53,674.70279
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20231,497.401,235.90e65.8195.81,363.901,353.804.65.4133.63,808.30269
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High-cost:
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2014759.7636.70.52894.6716.5709.62.84.143.22,717.20373
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2015782660.40.330.790.6758.3750.83.24.323.72,740.90358
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2016807.36860.133.687.6802.6794.93.34.44.62,745.50341
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2017836.8714.30.136.985.6850.2842.63.44.2-13.32,732.20323
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2018869.7744.8e40.184.7902.7894.63.44.7-332,699.20303
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2019900.6773.7e43.583.4959.5951.23.54.8-58.92,640.30281
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2020931803e4780.91,020.101,011.603.64.9-89.12,551.10259
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2021960.5833.3e50.576.61,078.401,069.803.74.9-117.92,433.20237
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2022989.4863.9e54.371.31,141.501,132.603.75.2-152.12,281.10213
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20231,015.50891.5e58.365.71,208.501,199.503.85.2-193.12,088.10189
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a. Appendix A presents a detailed description of the components of income and cost, along with complete historical values.
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b. Includes reimbursements from the General Fund of the Treasury to the OASI Trust Fund for: (1) the cost of noncontributory wage credits for military service before 1957; (2) the cost of benefits to certain uninsured persons who attained age 72 before 1968; (3) the cost of payroll tax credits provided to employees in 1984 and self-employed persons in 1984-89 by Public Law 98-21; (4) the cost in 2009-17 of excluding certain self-employment earnings from SECA taxes under Public Law 110-246; and (5) payroll tax revenue forgone under the provisions of Public Laws 111-147, 111-312, 112-78, and 112-96.
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c. Projected benefits are estimated as scheduled under current law.
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d. The “Trust fund ratio” column represents reserves at the beginning of a year (which are identical to reserves at the end of the prior year shown in the “Amount at end of year” column) as a percentage of cost for the year.
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e. Between -$50 million and $50 million.
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Note: Totals do not necessarily equal the sums of rounded components.
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