TABLE 3.-OASDI benefits in current-payment status at end of period 1 The "total monthly benefit amount" is the total of the monthly benefit rate for each beneficiary. It differs from the "benefit payments" shown in the tables on the old-age and survivors and disability trust funds primarily because "benefit payments" include: (a) some retroactive benefit payments for prior months, and (b) lump-sum death payments. 2 End of November data. Source: U.S. Department of Health, Education, and Welfare, Indicators, December 1960, p. 31. Data from U.S. Department of Health, Education, and Welfare, Social Security Administration; monthly Social Security Bulletin, its Annual Statistical Supplement, and unpublished reports May. June. July. OLD-AGE AND SURVIVORS INSURANCE TRUST FUND Assets of the Old-Age and Survivors Insurance Trust Fund totaled $20.7 billion at the end of September. During September benefit payments totaled $904.2 million. TABLE 4.-Old-age and survivors insurance trust fund Data from U.S. Department of Health, Education, and Welfare; Social Security 1 Includes adjustments for (a) refunds of contributions beginning in 1952, and (b) 2 Includes interest on amounts held in the railroad retirement account to the credit of Beginning in July 1956, administrative expenses incurred by the Department of Health, Education, and Welfare under the disability insurance program are initially charged to this fund. After the end of each fiscal year reimbursement is made, with 4 The 1st payment from the OASI trust fund to the railroad retirement account, under Assets of the fund exclude amounts determined under the financial interchange Source: U.S. Department of Health, Education, and Welfare, Indicators, December 1960. 1 Beginning with December 1950, data include cases having payments made directly to the suppliers of medical or remedial care in behalf of recipients. 2 Yearly data are as of December. Alaska and Hawaii are included throughout the period. 3 Includes a small number of recipients aged 60-64 to whom or in whose behalf payments are made without Federal participation. 4 Per 1,000 population aged 65 and over, based on data excluding recipients aged 60-64. Source: U.S. Department of Health, Education, and Welfare, Indicators, December 1960. Data from U.S. Department of Health, Education, and Welfare; Social Security Administration; the Social Security Bulletin and its Annual Statistical Supplement. TABLE 6.-Number per 1,000 persons 65 and older receiving OASI and OAA, 1940-60, and projected for 1965 and 1970. Source: Bureau of Public Assistance, "Trend Report," graphic presentation of public assistance and related data, December 1959; and Social Security Administration, Division of Program Research, Research and Statistics Note, No. 24, 1959. |