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Old-Age And Survivors Insurance Trust Fund

What is 'Old-Age and Survivors Insurance (OASI) Trust Fund'

One of the two trust funds managed by the Social Security Administration, the Old-Age and Survivors Insurance (OASI) Trust Fund is used to pay retirement and survivor's benefits to workers and dependents. OASI receives deposits from FICA considered to be over and above the amount needed for day-to-day operations of Old-Age and Survivors Insurance under Social Security. These funds are held in trust, and any funds not required for current expenses are invested in interest-bearing federal securities.

Explaining 'Old-Age and Survivors Insurance (OASI) Trust Fund'

The Old-Age and Survivors Insurance Trust Fund was created in 1939 as a part of the Social Security Act amendments of 1939. The fund's board of trustees consists of six members – two are appointed by the President and the remaining four are automatically selected due to their positions in the federal government. These four positions are: the Secretary of the Treasury, Secretary of Labor, Secretary of Health and Human Services, and the Commissioner of Social Security.


Further Reading


Financial aspects of the social security “problem”
www.tandfonline.com [PDF]
… 2 June 2000 Financial Aspects of the Social Security "Problem" Stephanie Bell and L. Randall Wray There is a widespread belief that the Social Security Trust Fund is going bank- rupt. Thus, while Old-Age and Survivors Insurance and Disability Insurance (OASDI) is …

Uncertain demographic futures and Social Security financesUncertain demographic futures and Social Security finances
www.jstor.org [PDF]
… 2 June 2000 Financial Aspects of the Social Security "Problem" Stephanie Bell and L. Randall Wray There is a widespread belief that the Social Security Trust Fund is going bank- rupt. Thus, while Old-Age and Survivors Insurance and Disability Insurance (OASDI) is …

Shortfalls in the long run: predictions about the social security trust fundShortfalls in the long run: predictions about the social security trust fund
www.aeaweb.org [PDF]
… 2 June 2000 Financial Aspects of the Social Security "Problem" Stephanie Bell and L. Randall Wray There is a widespread belief that the Social Security Trust Fund is going bank- rupt. Thus, while Old-Age and Survivors Insurance and Disability Insurance (OASDI) is …

The role of the global economy in financing old age: the case of SingaporeThe role of the global economy in financing old age: the case of Singapore
think-asia.org [PDF]
… 2 June 2000 Financial Aspects of the Social Security "Problem" Stephanie Bell and L. Randall Wray There is a widespread belief that the Social Security Trust Fund is going bank- rupt. Thus, while Old-Age and Survivors Insurance and Disability Insurance (OASDI) is …

Economic policy, intergenerational equity, and the social security trust fund buildupEconomic policy, intergenerational equity, and the social security trust fund buildup
heinonline.org [PDF]
… 2 June 2000 Financial Aspects of the Social Security "Problem" Stephanie Bell and L. Randall Wray There is a widespread belief that the Social Security Trust Fund is going bank- rupt. Thus, while Old-Age and Survivors Insurance and Disability Insurance (OASDI) is …

The economics of social security reformThe economics of social security reform
www.nber.org [PDF]
… 2 June 2000 Financial Aspects of the Social Security "Problem" Stephanie Bell and L. Randall Wray There is a widespread belief that the Social Security Trust Fund is going bank- rupt. Thus, while Old-Age and Survivors Insurance and Disability Insurance (OASDI) is …

Ageing populations: economic effects and implications for public financeAgeing populations: economic effects and implications for public finance
www.oecd-ilibrary.org [PDF]
… 2 June 2000 Financial Aspects of the Social Security "Problem" Stephanie Bell and L. Randall Wray There is a widespread belief that the Social Security Trust Fund is going bank- rupt. Thus, while Old-Age and Survivors Insurance and Disability Insurance (OASDI) is …

Economic Forecasting: Effect of Errors on OASDI Fund RatiosEconomic Forecasting: Effect of Errors on OASDI Fund Ratios
heinonline.org [PDF]
… 2 June 2000 Financial Aspects of the Social Security "Problem" Stephanie Bell and L. Randall Wray There is a widespread belief that the Social Security Trust Fund is going bank- rupt. Thus, while Old-Age and Survivors Insurance and Disability Insurance (OASDI) is …


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