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Social Security Trust Funds

AIMD-96-30R Published: Dec 12, 1995. Publicly Released: Dec 12, 1995.
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Highlights

Pursuant to a congressional request, GAO reviewed the Secretary of the Treasury's actions during the 1995 debt ceiling crisis, focusing on whether the Department of the Treasury followed normal investment and redemption policies regarding the Social Security trust funds. GAO noted that Treasury records show that the Secretary followed normal investment and redemption policies for all transactions affecting the trust funds between November 1, 1995 and December 8, 1995.

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Authority to borrow from publicBudget obligationsBudget outlaysCivil service retirement systemDebt subject to statutory limitationFederal employees retirement systemFederal social security programsFunds managementInvestmentsPublic debtSecuritiesTrust funds