Social Security
Calendar Year 2011
Income:
Payroll taxes $ 691 billion
Interest 114 billion
Total Income: $ 805 billion
Expenditures: < 736> billion
Surplus: $ 69 billion
Trust Fund:
end of 2010 $ 2.01 Trillion
end of 2011 $ 2.70 Trillion
This is a brief summary of the Social Security Trust Fund - more commonly referred to as the "Old-Age, Survivors, and Disability Insurance" (OASDI). The Board of Trustees, as established by the Social Security Act, is comprised of six members: the Secretary of the Treasury, the Secretary of Labor, the Secretary of Health and Human Services, the Commissioner of Social Security and two members appointed by the President with Senate Confirmation. This Board is required to report annually to Congress on the actuarial status and financial operations of the OASI and DI Trust Funds.