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B.
TRUST FUND FINANCIAL OPERATIONS IN 2018
Table
II.B1
shows the income, cost, and asset reserves for the OASI, the DI, and the combined OASI and DI Trust Funds in calendar year 2018.
Table II.B1.
Summary of 2018 Trust Fund Financial Operations
[In billions]
OASI
DI
OASDI
Asset reserves at the end of 2017
$2,820.3
$71.5
$2,891.8
Total income in 2018
831.0
172.3
1,003.4
Net payroll tax contributions
715.9
169.2
885.1
Interest
80.7
2.6
83.3
Taxation of benefits
34.5
.5
35.0
Reimbursement from General Fund of the Treasury
a
a
a
Total cost in 2018
853.5
146.8
1,000.2
Benefit payments
844.9
143.7
988.6
Administrative expenses
3.8
2.9
6.7
Railroad Retirement
financial interchange
4.8
.2
4.9
Net increase in asset reserves in 2018
-22.4
25.6
3.1
Asset reserves at the end of 2018
2,797.9
97.1
2,894.9
3
posted on
05/08/2019 7:19:24 AM PDT
by
SeekAndFind
(look at Michigan, it will)
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Table II.B2.
Payroll Tax Contribution Rates for 2018
[In percent]
OASI
DI
OASDI
Payroll tax contribution rate for employees
5.015
1.185
6.20
Payroll tax contribution rate for employers
5.015
1.185
6.20
Payroll tax contribution rate for self-employed persons
10.030
2.370
12.40
5
posted on
05/08/2019 7:20:27 AM PDT
by
SeekAndFind
(look at Michigan, it will)
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