Bloomberg News

U.S. Trust Fund Interest Income Due Exceeds $1 Trillion by 2020

April 24, 2012

The following table details the Federal Old-Age and Survivors, Disability, and Health Insurance trust funds (OASDI) as reported by the Social Security Administration Board of Trustees Annual Report.

From 2012 to 2021, the Board of Trustees expects $1,186.9 billion in interest income in 2012 CPI-indexed dollars. Excluding this interest income, as indicated in the table below, the Trust Funds have a negative balance. Non-interest income consists of payroll tax contributions, proceeds from taxation of OASDI benefits and reimbursements from the General Fund of the Treasury, if any. In 2012, it is projected that the General Fund of the Treasury will have to transfer $53 billion to the OASDI Fund.

================================================================================
        OASDI                      HI                   Total
         Non-                    Non-                    Non-
         int.   OASDI   OASDI    int.      HI      HI    int.   Total   Total
       income    Cost    Bal.  income    Cost    Bal.  income    Cost    Bal.
================================================================================
================================================================================
        OASDI                      HI                   Total
         Non-                    Non-                    Non-
         int.   OASDI   OASDI    int.      HI      HI    int.   Total   Total
       income    Cost    Bal.  income    Cost    Bal.  income    Cost    Bal.
================================================================================
2012     $736    $789    -$53    $230    $267    -$38    $965  $1,056    -$91
2013     $765    $832    -$67    $248    $277    -$29  $1,014  $1,110    -$96
2014     $814    $880    -$66    $264    $290    -$26  $1,079  $1,171    -$92
2015     $865    $933    -$68    $283    $299    -$16  $1,148  $1,232    -$84
2016     $920    $988    -$68    $303    $314    -$12  $1,223  $1,303    -$80
2017     $980  $1,048    -$68    $324    $332     -$9  $1,304  $1,380    -$77
2018   $1,041  $1,114    -$74    $345    $353     -$8  $1,385  $1,467    -$82
2019   $1,096  $1,187    -$91    $364    $375    -$11  $1,459  $1,561   -$102
2020   $1,151  $1,266   -$115    $383    $400    -$17  $1,535  $1,666   -$132
2021   $1,207  $1,350   -$143    $403    $427    -$25  $1,610  $1,777   -$167
2025   $1,436  $1,731   -$295    $487    $569    -$82  $1,923  $2,300   -$377
2030   $1,786  $2,292   -$506    $618    $793   -$176  $2,404  $3,086   -$682
2035   $2,228  $2,921   -$693    $784  $1,094   -$310  $3,012  $4,016 -$1,003
2040   $2,782  $3,635   -$854    $994  $1,459   -$465  $3,776  $5,095 -$1,319
2045   $3,466  $4,486 -$1,021  $1,258  $1,883   -$625  $4,724  $6,370 -$1,645
================================================================================
        OASDI                      HI                   Total
         Non-                    Non-                    Non-
         int.   OASDI   OASDI    int.      HI      HI    int.   Total   Total
       income    Cost    Bal.  income    Cost    Bal.  income    Cost    Bal.
================================================================================
2050   $4,301  $5,534 -$1,233  $1,588  $2,372   -$785  $5,889  $7,906 -$2,018
2055   $5,332  $6,863 -$1,532  $2,002  $2,953   -$951  $7,334  $9,817 -$2,482
2060   $6,607  $8,533 -$1,925  $2,523  $3,695 -$1,172  $9,130 $12,228 -$3,097
2065   $8,194 $10,606 -$2,412  $3,177  $4,668 -$1,491 $11,371 $15,274 -$3,903
2070  $10,158 $13,235 -$3,077  $3,995  $5,921 -$1,926 $14,153 $19,157 -$5,003
2075  $12,595 $16,529 -$3,933  $5,018  $7,456 -$2,438 $17,613 $23,984 -$6,371
2080  $15,615 $20,645 -$5,030  $6,293  $9,290 -$2,996 $21,908 $29,934 -$8,026
2085  $19,359 $25,849 -$6,489  $7,886 $11,497 -$3,612 $27,245 $37,346-$10,101
2090  $24,013 $32,367 -$8,354  $9,877 $14,205 -$4,328 $33,890 $46,572-$12,682
================================================================================

Note: numbers in billions, intermediate cost scenario HI= Hospital Insurance

SOURCE: Social Security, Table VI.F9

To contact the reporter on this story: Alex Tanzi in Washington at atanzi@bloomberg.net

To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net


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