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TABLE 3.-QASDI benefits in current-payment status at end of period

Average monthly benefit (in dollars)

Benefits for selected family groups

Retired

Widowed worker and Aged widow mother and aged wife

2 children

36. 40 71. 70 70. 20 81 60 85.00 99. 10 103. 50 105. 90 108. 40 111. 20 121. 60

20. 30 36 50 36 00 40. 70 40 90 46. 30 48. 70 50. 10 51. 10 51. 90 56. 70

47. 10 93. 90 93. 80 106.00 111. 90 130. 50 135 40 141.00 146. 30 151 70 170. 70

121. 60

56. 70

170. 70

Individual benefits

Period

Total
monthly
benefit
amount
(millions
of dollars) 1

Retired worker alone

Retired
worker

Disabled
worker

Male

Female

22. 80
44.60
43. 20
50. 70
52. 90
61. 60
64. 60
66. 10
68. 30
70. 70
78.00

18. 40
34 80
33 00
39. 10
40 60
47.00
49.80
51. 10
52. 20
53. 50
58. 70

1940
1950.
1951.
1952.
1953.
1954.
1955.
1956.
1957.
1958 ?
1959.
1959-July

August
September
October
November

December
1960-January-

February
March...
April.
May
June.
July
August.
September

4.1
126.9
154. 8
205 2
253. 8
339.3
411. 6
4826
605. 5
697.5
845. 1
813. 7
822 0
828. 5
835. 3
840.5
845. 1
851.9
858. 1
867.0
874. 3
881.2
889.9
899.1
906. 2
911. 0

22. 60
43. 86
42. 14
49. 25
51. 10
59. 14
61.90
63 09
64. 58
66 35
72. 78
72. 32
72. 46
72. 53
72. 64
72. 71
72. 78
72. 96
73. 12
73. 28
73 40
73. 50
73 63
73. 79
73. 91
73. 98

78.00

58. 70

72. 76
82. 10
89.00
88 57
88. 67
88. 78
88. 87
88. 93
89.00
89. 06
89.09
89. 27
89. 31
89 31
89. 33
89. 38
89. 42
89. 47

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 (6) lump-sum death pay.
ments.

? End of November data.

Source: U.S. Department of Health, Education, and Welfare, Indicators, Decemher 1960, p. 31.

Data from U.S. Department of Health, Education, and Welfare, Social Security Ad. ministration; monthly Social Security Bulletin, its Annual Statistical Supplement, and unpublished reports

OLD-AGE AND SURVIVORS INSURANCE TRUST FUND Assets of the 01d-Age and Survivors Insurance Trust Fund totaled $20.7 billion at the end of September. During September benefit payments totaled $904.2 million.

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TABLE 4.-Old-age and survivors insurance trust fund

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2,030.7 13, 721.3 15, 539.7 17. 441 7 18, 707.0 20, 575.8 21, 663.1 22, 519.2 22. 392.9 21, 864.4 20, 140.8 20, 720.8 21, 136. 1 20. 880.7 20. 285. 3 20, 334, 3 20, 140.8 19.493.8 19, 877.4 19. 992.9 19. 881. 1 20, 846.0 20, 828. 8 20, 266.4 20, 953. 6 20, 720.0

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[In millions of dollars)

Income

Period

Tax contri-
butions 1

Interest :

Benefit
payments

1940
1950.
1951.
1952.
1953
1954.
1955.
1956.
1957.
1958.
1959.
1959—July.

August.
September
October.
November.

December
1960—January.

February
March.
April
May-
June
July
August
September

325.0
2, 670.8
3, 367.2
3,818.9
3, 945. 1
5, 163.3
5, 713. 0
6, 171.9
6, 825.4
7, 565.8
8,052.0

298.8
1, 251. 5

595. 2
245.6
904. 6
431. 4

209.5
1, 243.4
1, 007.0

774 6
1, 865. 6
1,015. 6

345.9
1,596.6

678.9

42.9
257 0
4173
365. 2
414. 2
467.9
461. 1
530.8
557.2
548.5
524 8
-5.6
15. 3
13.9
18. 2

3.8
210. 2

1.7
13. 2
13.5
16.5

4. 6
194.5

2.1
14. 3
14. 4

821.1
833. 2
838.9
841.5
841. 3
843. 8
841.0
855.8
880.6
885. 9
8870
899. 6
894.4
901. 3
904. 2

Data from U.S. Department of Health, Education, and Welfare; Social Security
Administration; monthly Social Security Bulletin and its Annual Statistical Supplement.
U.S. Department of the Treasury, Monthly Statement of Receipts and Expenditures of
the United States Government and unpublished reports.

1 Includes adjustments for (a) refunds of contributions beginning in 1952, and (6)
transfers during calendar years 1947–51 from general funds equivalent to additional
payments arising from the extension of survivors insurance protection to certain veterans
of World War II (Social Security Act Amendments of 1946).

2 Includes interest on amounts held in the railroad retirement account to the credit of the fund.

: 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
administrative expenses and loss of interest both taken into account. Reimbursement
was first made in June 1958 for the fiscal year 1957.

4 The 1st payment from the OASI trust fund to the railroad retirement account, under
the provisions of the financial interchange provision of the Railroad Retirement Act as
amended in 1951, occurred in July 1958.

6 Assets of the fund exclude amounts determined under the financial interchange
provision of the Railroad Retirement Act, as amended in 1951, and held in the railroad
retirement account to the credit of the fund.

Source: U.S. Department of Health, Education, and Welfare, Indicators, December 1960.

[blocks in formation]

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.

* 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.

Number per 1,000 persons 65

or older receiving

Number per 1,000 persons 65

or older receiving

Year (as of June)

Year (as of June)

Old-age and

survivors
insurance

Old-age
assistance

Old-age and

survivors
insurance

Old-age assistance

1954. 1955. 1956. 1957 1958 1959. 1960.

358 414 454 525 582 626 667

187 179 173 168 162 156 149

1940 1941 1942 1943. 1944 1945 1946. 1947 1948 1949 1950 1951. 1952 1953

7 23 34 41 50 62 87 106 126 149 170 235 260 314

217 233 234 219 205 194 194 202 205 218 226 215 203 194

Projected

1965
1970.

703
744

126 113

9

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.

TABLE 7.-Percent of persons 65 and over receiving OAA or OASI or both by State,

June 30, 1959

Region and State

Either OAA
or OASI

OAA only

Both OAA
and OASI

OASI only

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Northeast:

Rhode Island..
Massachusetts.
Maine.
Connecticut..
New Jersey
New Hampshire
New York,
Pennsylvania..

Vermont.
West:

Nevada.
Washington.
Oregon.
Colorado.
California.
Utah.
Idaho
Arizona.
Montana.
Wyoming.

New Mexico..
South:

Louisiana.
Mississippi.
Alabama..
Georgia.
Oklahoma.
Florida.
Texas.
Kentucky.
Arkansas.
West Virginia.
Delaware
Tennessee.
North Carolina.
South Carolina..
Maryland..
Virginia..

District of Columbia.
North Central:

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Michigan..
Missouri..
Indiana.
Wisconsin
Ohio.
North Dakota.
Minnesota
Illinois..
Kansas.
South Dakota.
Nebraska..
Iowa..

77.7
77.5
74.7
73.9
72. 7
70.3
70.1
69.0
68.8
68. 2
67.7
67.4

7.1
17. 9
5.4
6.8
7.7
10.9
10.5
6.3
9.7
10.4
7.7
8. 2

3. 7
7.7
1.6
2.8
2.9
2.6
3.7
2.0
3.2
2.8
2.3
2.9

66.9
51.9
67.7
64. 3
62. 1
56.8
55.9
60.7
55.9
55.0
57.7
56.3

U.S. average.

74.1

11.4

4. 2

58. 5

Source: Social Security Bulletin, vol. 23, July 1960.

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