Major Federal Administrative Resources

SSA FY 2008 President's Budget
February 2007

(Current Law)

Benefits and Beneficiaries and Key Workloads
(Current Law)

Benefits by Fiscal Year
OASI ...................................................
DI.........................................................
SSI (Federal Benefits) ........................
SSI (State Supplement) ......................

FY 2006
Actual
$454.3B
$90.7B
$37.3B
$4.1B

FY 2007
Estimate
$478.7B
$98.5B
$36.8B
$4.1B

FY 2008
Estimate
$499.5B
$103.3B
$41.7B
$4.6B

Beneficiaries by Fiscal Year
OASI ...................................................
DI.........................................................
SSI (Federal Benefits) ........................
SSI (State Supplement only)..............

40.3M
8.4M
6.9M
.3M

40.7M
8.7M
7.0M
.3M

41.3M
9.1M
7.2M
.3M

Key Workloads Processed by Fiscal Year
OASI Claims.......................................
Initial Disability Claims .....................
Periodic CDRs ....................................
SSA Hearings......................................
Annual Earnings Items ......................
SSN Number Requests.......................

3.8M
2.5M
1.3M
.6M
265M
17M

3.8M
2.5M
0.7M
.5M
265M
18M

4.1M
2.5M
1.1M
.5M
268M
18M

FY 2006
Employment by Fiscal Year
Actual
Total Employment (FTEs) 2 ................................
63,739

FY 2007 1
Estimate
59,890

FY 2008
Request
59,808

SSA Workyears....................................................
66,878
DDS Workyears...................................................
14,653
Total Workyears..................................................
81,531

61,197
13,626
74,823

61,129
13,467
74,596

LAE 3 ................................................................ $9,147

$9,176

$9,597

Office of the Inspector General .......................... $91
Research & Demonstrations ............................... $27

$91
$27

$95
$27

$9,295

$9,719

Administrative Expense Appropriations
(Current Law -- $ in millions)
(Totals may not add due to rounding)

Total Budget Authority ................................

1

$9,265

The FY 2007 estimate reflects the current rate. The FY 2007 President’
s
budget was $9,496M.
2
Includes OIG: 608 in FY 2006; 605 in FY 2007; 608 in FY 2008.
3
Excludes MMA start-up funding: $111 M in FY 2006. Includes $38M
Hurricane Supplemental.

Tax Rates, Wage Base and Economic Assumptions

Income and Outcome by Fiscal Year

(Current Law)

Employer /Employee Rates (each):
OASI/DI (Social Security) ...........
HI (Medicare)...............................
Total............................................
Self-Employment Rates:
OASI/DI (Social Security) ...........
HI (Medicare)...............................
Total............................................
Automatic Benefit Increases (COLAs):
January.........................................

(Current Law)

Calendar Years
2006
2007
2008
6.20%
6.20%
6.20%
1.45%
1.45%
1.45%
7.65%
7.65%
7.65%
12.40%
2.90%
15.30%

12.40%
2.90%
15.30%

12.40%
2.90%
15.30%

4.1%

3.3%

1.4%

1

$102,600
(no cap)

1

Contribution & Benefit Base:
OASDI .......................................... $94,200
HI .................................................. (no cap)

1
2

(Totals may not add due to rounding)

$97,500
(no cap)

FY 2007
Estimate
$666.1B
$106.0B
$772.1B

FY 2008
Estimate
$709.7B
$112.1B
$821.8B

SSA TRUST FUND OUTLAYS
OASI ..................................................... $461.1B
DI........................................................... $93.6B
Total Trust Fund Outlays ................. $554.6B

$485.2B
$101.4B
$586.6B

$506.2B
$106.4B
$612.6B

$39.5B

$44.7B

SSA General Fund Outlays3
SSI 1 .......................................................

$40.2B

SSA Administrative Expenses as a Percent of
Trust Fund Income and Benefit Payments--FY 2008
(Current Law)

Annual Retirement Test:
Year Individual Reaches FRA 2 ..
Under FRA 2.................................

$33,240
$12,480

$34,440
$12,960

$36,240
$13,560

1

Wages Required for a Quarter
of Coverage ..................................

$970

$1,000

$1,050

1

Estimate.
FRA –full retirement age.

FY 2006
SSA TRUST FUND INCOME
Actual
OASI ..................................................... $637.6B
DI........................................................... $102.2B
Total Trust Fund Income .................. $739.8B

Fund
OASI .....................................................
DI...........................................................
OASDI (combined)...............................
SSI (Federal and State)
SSA Total ..............................................

1

13

% of Income
0.4%
2.1%
0.6%
-----

% of Benefit
Payments
0.5%
2.3%
0.8%
6.7%
1.5%

Includes 12 benefit payments in FY 2006, 11 in FY 2007 and 12 in FY 2008.