No. 355. OLD-AGE, SURVIVORS, AND DISABILITY INSURANCE-FAMILIES RECEIVING MONTHLY BENEFITS AND AVERAGE MONTHLY BENEFIT, FOR SELECTED FAMILY GROUPS: 1940 TO 1958

[Includes Alaska, Hawaii, Puerto Rico, and Virgin Islands. Number in current-payment status at end of year except as noted. Estimated for 1940; based on sample thereafter. See also Historical Statistics, Colonial Times to 1957, series H 137-148]

1 Wife aged 65 or over; beginning 1956, includes wife aged 62 to 64 with no entitled children in her care. ? Wife under age 65 with 1 or more children in her care.

3 As of end of November.

52. 20 53.30

Source: Department of Health, Education, and Welfare, Social Security Administration; Social Security Bulletin, Annual Statistical Supplement.

No. 356. Old-Age, SurviVORS, AND DISABILITY INSURANCE-WORKers Eligible TO RETIRE AND RETIRED WORKERS RECEIVING BENEFITS, BY SEX AND AGE: 1940 TO 1958

[Includes Alaska, Hawali, Puerto Rico, and Virgin Islands. See also Historical Statistics, Colonial Times to 1957, series H 149-161]

Source: Department of Health, Education, and Welfare, Social Security Administration; Social Security Bulletin, Annual Statistical Supplement.

No. 357. OLD-AGE, SURVIVORS, AND DISABILITY INSURANCE-NUMBER AND AMOUNT OF MONTHLY BENEFITS IN CURRENT-PAYMENT STATUS, BY STATES AND OTHER AREAS: 1959

1 Benefits under the old-age and survivors insurance part of the old-age, survivors, and disability insurance program are payable from the OASI trust fund to old-age insurance (retired worker) beneficiaries and their dependents and to survivors of deceased workers. Benefits under the disability insurance part of the program are payable from the DI trust fund to disablity insurance (disabled worker) beneficiaries and, beginning September 1958, to their dependents.

i Distribution by State or other area estimated.

Source: Department of Health, Education, and Welfare, Social Security Administration, Bureau of Old-Age and Survivors Insurance. Data appear periodically in Social Security Bulletin.

No. 358. OLD-AGE, SURVIVORS, AND DISABILITY INSURANCE AMOUnt of BenefiTPAYMENTS, BY STATES AND OTHER AREAS: 1959

[In thousands of dollars. For year ending June 30. By beneficiary's State of residence]

1 Benefits under the old-age and survivors insurance part of the old-age, survivors, and disability insurance program are payable from the OASI trust fund to old-age insurance (retired worker) beneficiaries and their dependents and to survivors of deceased workers. Benefits under the disability insurance part of the program are payable from the DI trust fund to disability insurance (disabled worker) beneficiaries and, beginning September 1958, to their dependents.

Distribution by type of benefit and by State estimated. Supplementary benefits are paid to wives aged 62 or over, wives under age 62 with child beneficiaries in their care, dependent aged husbands, children under age 18, and disabled children aged 18 or over (whose disability began before age 18) of old-age or disabled-worker beneficiaries. Survivor benefits are paid to aged widows, dependent aged widowers, children under age 18, disabled children aged 18 or over whose disability began before age 18, widows or divorced wives with child beneficiaries in their care, and dependent aged parents of deceased insured workers.

3 Distribution by State based on 10-percent sample.

Source: Department of Health, Education, and Welfare. Social Security Administration, Bureau of Old-Age and Survivors Insurance. Data appear periodically in Social Security Bulletin.

No. 359. OLD-Age, Survivors, AND DISABILITY INSURANCE-AMOUNT OF BENEFIT PAYMENTS: 1940 To 1959

[In thousands of dollars. Includes Alaska, Hawaii, Puerto Rico, and Virgin Islands. Payments under 1939 and later amendments, except as noted. Corrected to February 1960. See also Historical Statistics, Colonial Times to 1957, series H 123, for total payments]

! Includes lump-sum payments under 1935 act in the amount of $3,247,000 for 1940 and $19,000 for 1945, payable with respect to workers who died before January 1940.

Distribution by type estimated.

* Beginning 1958, includes benefits paid to dependents of disability (disabled worker) beneficiaries. Source: Department of Health, Education, and Welfare, Social Security Administration, Bureau of Old-Age and Survivors Insurance. Data appear annually in Social Security Bulletin.

No. 360. OLD-AGE AND SURVIVORS INSURANCE AND DISABILITY INSURANCE TRUST FUNDS: 1937 To 1959

[In millions of dollars. See also Historical Statistics, Colonial Times to 1957, series H 124, for total assets]

1 Includes adjustments for (a) refund of contributions beginning in 1952 and (b) transfers during 1947-51 from general funds equivalent to additional payments arising from the extension of survivors protection to certain veterans of World War II (Social Security Act Amendments of 1946).

* Includes profits on marketable investments and annual interfund transfers of interest between the old-age and survivors insurance trust funds and the railroad retirement account (see footnote 4) and from the disability insurance trust fund to the old-age and survivors insurance trust fund on reimbursed administrative expenses. Includes administrative expenses, less receipts for sale of surplus material, services, etc. Beginning 1953, includes cost of construction of an office building for the Bureau of Old-Age and Survivors Insurance. Beginning July 1956, expenses incurred by the Department of Health, Education, and Welfare, under the disability insurance program, are initially charged to the old-age and survivors insurance trust fund with subsequent reimbursement from the disability insurance trust fund.

Under the Railroad Retirement Act, transfers, with interest, are made annually between the old-age, survivors, and disability insurance trust funds and the railroad retirement account to place the 2 trust funds in the position in which they would have been had railroad employment always been covered under old-age, survivors, and disability insurance.

Source: Treasury Department; Monthly Statement of Receipts and Expenditures of the U.S. Government and unpublished records.

No. 361. CORPORATE PENSION FUNDS-ASSETS, RECEIPTS, AND EXPENDITURES: 1952 TO 1958

[In millions of dollars. Includes Alaska and Hawaii. Covers all corporate pension plans except those adminis tered by insurance companies and labor unions. Excludes plans of religious, educational, and other nonprofit organizations]

[Money figures in thousands. As of June 30 or for years ending June 30. Includes Alaska and Hawaii. See

text, p. 261]

1 Through June 30, 1940, data relate entirely to employees retired voluntarily or involuntarily under various age and length-of-service requirements and to employees with at least 5 years of service who became totally dis. abled for the position occupied prior to eligibility for retirement. Beginning Jan. 1, 1940, certain employees may elect a joint and survivor annuity, and beginning Feb. 29, 1948, widows and minor children of deceased employees and annuitants are eligible for survivor annuities under certain conditions; number of survivor annuities in force as of June 30 increased from 26 in 1941 to 136,641 in 1959. Beginning Jan. 24, 1942, employees with at least 5 years service who separate voluntarily or involuntarily prior to eligibility for retirement may obtain deferred annuity at age 62. Prior to 1952, excludes annuities purchased by voluntary contributions.

Due to adjustments, number in force at end of fiscal year does not in all cases equal number certified less num. ber terminated in that year, plus number in force at end of preceding fiscal year.

3 Refunds of amounts to employees' credit in fund paid to employees not eligible for an annuity or who, if eligible, elected to take a refund.

Refunds of amounts to employees' credit paid to designated or other beneficiaries of employees who died in service or after separation.

Refunds of balance of amount to annuitants' credit at time of death paid to designated or other beneficiaries of annuitants. Includes refunds to disability annuitants, whose entitlement to an annuity was terminated, and unexpended balances paid upon termination of survivor annuities.

• Includes increases under the act of June 25, 1958 (Public Law 85-465, 85th Cong.), effective Aug. 1, 1958. Source: Civil Service Commission; annual report.