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<title>THE 2024 ANNUAL REPORT OF THE BOARD OF TRUSTEES OF THE FEDERAL OLD-AGE AND SURVIVORS INSURANCE AND FEDERAL DISABILITY INSURANCE TRUST FUNDS</title>
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<h2 class="pHeading1">2024 OASDI Trustees Report </h2>
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<div class="Title"><a name="1001486">THE 2024 ANNUAL REPORT OF THE BOARD OF<br />TRUSTEES OF THE FEDERAL OLD-AGE AND<br />SURVIVORS INSURANCE AND FEDERAL DISABILITY<br />INSURANCE TRUST FUNDS</a></div>
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<div class="Chapter" style="margin-bottom: 0.0pt; margin-top: 10.0pt">
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<span style="list-style-type: upper-roman">I. </span><a name="1001487">INTRODUCTION</a></div>
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<div class="Body"><a name="1001488">The Old-Age, Survivors, and Disability Insurance (OASDI) program makes monthly income available to insured workers and their families at retirement, death, or disability. The OASDI program consists of two parts. Retired workers, their families, and survivors of deceased workers receive monthly benefits under the Old-Age and Survivors Insurance (OASI) program. Disabled workers and their families receive monthly benefits under the Disability Insurance (DI) program.</a></div>
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<div class="Body"><a name="1001490">The Social Security Act established the </a><span class="Link">B</span><span class="Link" style="font-weight: normal">oard of Trustees</span> to oversee the financial operations of the OASI and DI Trust Funds. The Board is composed of six members. Four members serve by virtue of their positions in the Federal Government: the Secretary of the Treasury, who is the Managing Trustee; the Secretary of Labor; the Secretary of Health and Human Services; and the Commissioner of Social Security. The President appoints and the Senate confirms the other two members to serve as public representatives. These two positions are currently vacant. The Deputy Commissioner of the Social Security Administration serves as Secretary of the Board.</div>
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<div class="Body"><a name="1001491">The Social Security Act requires that the Board, among other duties, report annually to the Congress on the actuarial status and financial operations of the OASI and DI Trust Funds. The 2024 report is the 84th such report. The intermediate (best estimate) assumptions for this report were set in December 2023. The Trustees will continue to monitor future developments and modify the projections in later reports as appropriate.</a></div>
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<td align="right" class="seventypercent">May 6, 2024</td>
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