1020 DEPARTMENT OF DEFENSE-CIVIL-Continued DEPARTMENT OF THE ARMY-Continued CORPS OF ENGINEERS-CIVIL TRUST FUNDS-Continued Object Classification (in thousands of dollars) 1966 estimate This fund consists of receipts from fines, forfeitures, and stoppages of pay of regular enlisted personnel of the Army and Air Force, withholding of 10 cents per month from the pay of such personnel, estates of deceased soldiers and airmen, other receipts consisting largely of sales and interest of 3% on fund balance. The receipts and the balance are available for obligation and expenditure through the operation and maintenance and capital outlay limitation only as enacted annually by Congress (24 U.S.C. 44-45: 31 U.S.C. 725s). 5 5 11.5 Other personnel compensation.. PAYMENT OF CLAIMS Program and Financing (in thousands of dollars) 21.0 Travel and transportation of persons. 23.0 Rent, communications, and utilities. 24.0 Printing and reproduction... 3 3 3 1022 DEPARTMENT OF HEALTH, EDUCATION, AND WELFARE-Continued PUBLIC HEALTH SERVICE-Continued PUBLIC HEALTH SERVICE TRUST FUNDS-Continued Program and Financing (in thousands of dollars)-Continued Identification code 10 Personal needs of indigent patients (costsobligations) (object class 26.1)....... 72 Obligated balance, start of year.. U.S. securities (par). 74 Obligated balance, end of year. Financing: 21 Unobligated balance available, start of year: Treasury balance.. 24 Unobligated balance available, end of year: Treasury balance.... U.S. securities. FEDERAL OLD-AGE AND SURVIVORS INSURANCE TRUST FUNDContinued [In thousands of dollars] Unexpended balance carried forward: Cash... Gain from premium or discount on in vestments. Balance of fund, end of year.... 19,725,851 19,922,111 18,845,847 Amounts Available for Appropriation (in thousands of dollars) Under the Federal old-age and survivors insurance system, workers, employers, and self-employed individuals make annual contributions in the form of taxes on earnings toward the benefits which will be payable when the worker retires or when he dies. An amount equal to the annual contributions is deposited in this trust fund for benefit payments and administrative expenses. Any excess of income over outgo together with annual interest is invested in Government securities (42 U.S.C. 401). Payments are made between this trust fund and the Railroad retirement account so as to place this fund in the same position in which it would have been if railroad employment after 1936 had been included in social security coverage (45 U.S.C. 228E). The status of the trust fund, including proposed legislation, is as follows (in thousands of dollars): Unappropriated balance, end of year.. 27,000 25.0 Other services: Office of Audit, Office of the Office of Field Administration, Cash income during year: 1,302 Taxes: Deposits by States.. 1,166,599 1,223,000 1,341,000 Interest on Investments. 597,212 Interest payment by Federal disability insurance trust fund.. 2.508 Miscellaneous receipts. 96 3,112 100 Proposed decrease in tax income.. Proposed increase in payments for mili tary service credits... 3,242 100 -332,000 56,000 Payments to miscellaneous receipts as reimbursements for administrative expensesPayment to "Railroad Retirement Account" (net settlement) (45 U.S.C. 228E).. 93.0 Administrative expenses "Limitation on Salaries and expenses, Social Security Administration. Construction program... --- 1024 DEPARTMENT OF HEALTH, EDUCATION, AND WELFARE-Continued SOCIAL SECURITY ADMINISTRATION-Continued Proposed for separate transmittal-Continued FEDERAL OLD-AGE AND SURVIVORS INSURANCE Program and Financing (in thousands of dollars)-Continued Identification code 09-30-8006-1-7-654 Financing: 22 Unobligated balance transferred from "Federal Old-Age and -2,134,000 tures: 71 Total obligations (affecting ex Under proposed legislation, 1966.-Improvements in the Old-Age and Survivors Insurance program will provide a 7% benefit increase to beneficiaries, effective as of January 1, 1965, and extend coverage to certain groups and types of earnings not previously under the system. These improvements, along with the hospital insurance program, will be financed by an increase in the covered wage base from $4,800 to $5,600 and in the combined tax rate from the scheduled 8.25% to 8.50%, effective January 1, 1966. Notwithstanding the receipts from the proposed reimbursement for military service credits, there is a slight decline in receipts due to a lower portion of the total tax being allocated to the OASI trust fund. penditures).. Expenditures... 1,340,545 1,517,973 1,593,446 1,340,545 1,517,973 1,593,446 1. Benefit payments.-The Social Security Act provides disability insurance benefits for certain disabled individuals and their dependents. Under current law an amount equal to one-half of 1% of wages paid and three-eighths of 1% of self-employment income is allocated to this fund for benefit payments and administrative expenses. The excess of income over outgo and annual interest are invested in Government securities. 2. Administration.-The Secretary of Health, Education, and Welfare determines, at the end of each year that portion of the administrative expenses of the Department of Health, Education, and Welfare which is a proper charge to this fund. The amount shown herein for the administrative expenses includes interest on the unpaid charges and is subject to further refinement of the proc esses for allocating costs between the Federal old-age and survivors insurance trust fund and the Federal disability insurance trust fund (42 U.S.C. 401). Annual payments are made between this account and the railroad retirement account so as to place these funds in the same position in which they would have been if railroad employment had been included under social security coverage (45 U.S.C. 228E). The status of the trust fund, including proposed legislation, is as follows (in thousands of dollars): Appropriated. 1,593,446 Taxes: Refund of taxes.. 21 Unobligated balance available, start of year: Treasury balance.. U.S. securities (par).. Gain from premium or discount on investments. Proposed increase in tax income.. Proposed increase in payments for military service credits... Total annual income.. 2.342 2,263,987 1,968,080 |