## Signatories to the Trustees Reports

- Office of the Chief Actuary
- Trustees Reports
- Actuarial Publications

        - Secretary of the Treasury (the Managing Trustee),
        - Secretary of Labor,
        - Secretary of Health and Human Services, and
        - Commissioner of Social Security

The other 2 members are appointed by the President and confirmed by the Senate. These 2 members serve 4-year terms.

The table below shows the signatories to Trustees Reports (Board members and the Secretary to the Board), ordered by the year the reports were issued.

Signatories of the Old-age, Survivors, and Disability Insurance Trustees Reports 1945 and later
| Yearreportissued        |   Name                                                                                                                                        |   Position                                                                 |
|-------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------|
| 2024                    | Janet Yellen                                                                                                                                       | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Julie A. Su             | Acting Secretary of Labor, and Trustee                                                                                                             |
| Xavier Becerra          | Secretary of Health and Human Services, and Trustee                                                                                                |
| Martin O'Malley         | Commissioner of Social Security, and Trustee                                                                                                       |
| vacant                  | Public Trustee                                                                                                                                     |
| vacant                  | Public Trustee                                                                                                                                     |
| Kilolo Kijakazi         | Principal Senior Advisor to the Commissioner, Social Security Administration, and Secretary, Board of Trustees                                     |
| 2023                    | Janet Yellen                                                                                                                                       | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Julie A. Su             | Acting Secretary of Labor, and Trustee                                                                                                             |
| Xavier Becerra          | Secretary of Health and Human Services, and Trustee                                                                                                |
| Kilolo Kijakazi         | Acting Commissioner of Social Security, and Trustee                                                                                                |
| vacant                  | Public Trustee                                                                                                                                     |
| vacant                  | Public Trustee                                                                                                                                     |
| Scott L. Frey           | Chief of Staff, Social Security Administration and Acting Secretary, Board of Trustees                                                             |
| 2022                    | Janet Yellen                                                                                                                                       | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Marty J. Walsh          | Secretary of Labor, and Trustee                                                                                                                    |
| Xavier Becerra          | Secretary of Health and Human Services, and Trustee                                                                                                |
| Kilolo Kijakazi         | Acting Commissioner of Social Security, and Trustee                                                                                                |
| vacant                  | Public Trustee                                                                                                                                     |
| vacant                  | Public Trustee                                                                                                                                     |
| Scott L. Frey           | Chief of Staff, Social Security Administration and Acting Secretary, Board of Trustees                                                             |
| 2021                    | Janet Yellen                                                                                                                                       | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Marty J. Walsh          | Secretary of Labor, and Trustee                                                                                                                    |
| Xavier Becerra          | Secretary of Health and Human Services, and Trustee                                                                                                |
| Kilolo Kijakazi         | Acting Commissioner of Social Security, and Trustee                                                                                                |
| vacant                  | Public Trustee                                                                                                                                     |
| vacant                  | Public Trustee                                                                                                                                     |
| Scott L. Frey           | Chief of Staff, Social Security Administration and Acting Secretary, Board of Trustees                                                             |
| 2020                    | Steven T. Mnuchin                                                                                                                                  | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Eugene Scalia           | Secretary of Labor, and Trustee                                                                                                                    |
| Alex M. Azar II         | Secretary of Health and Human Services, and Trustee                                                                                                |
| Andrew Saul             | Commissioner of Social Security, and Trustee                                                                                                       |
| vacant                  | Public Trustee                                                                                                                                     |
| vacant                  | Public Trustee                                                                                                                                     |
| David F. Black          | Deputy Commissioner of Social Security, and Secretary, Board of Trustees                                                                           |
| 2019                    | Steven T. Mnuchin                                                                                                                                  | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| R. Alexander Acosta     | Secretary of Labor, and Trustee                                                                                                                    |
| Alex M. Azar II         | Secretary of Health and Human Services, and Trustee                                                                                                |
| Nancy A. Berryhill      | Acting Commissioner of Social Security, and Trustee                                                                                                |
| vacant                  | Public Trustee                                                                                                                                     |
| vacant                  | Public Trustee                                                                                                                                     |
| Mark J. Warshawsky      | Deputy Commissioner for Retirement and Disability Policy, Social Security Administration, and Acting Secretary, Board of Trustees                  |
| 2018                    | Steven T. Mnuchin                                                                                                                                  | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| R. Alexander Acosta     | Secretary of Labor, and Trustee                                                                                                                    |
| Alex M. Azar II         | Secretary of Health and Human Services, and Trustee                                                                                                |
| Nancy A. Berryhill      | Acting Commissioner of Social Security, and Trustee                                                                                                |
| vacant                  | Public Trustee                                                                                                                                     |
| vacant                  | Public Trustee                                                                                                                                     |
| Mark J. Warshawsky      | Deputy Commissioner for Retirement and Disability Policy, Social Security Administration, and Acting Secretary, Board of Trustees                  |
| 2017                    | Steven T. Mnuchin                                                                                                                                  | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| R. Alexander Acosta     | Secretary of Labor, and Trustee                                                                                                                    |
| Thomas E. Price, M.D.   | Secretary of Health and Human Services, and Trustee                                                                                                |
| Nancy A. Berryhill      | Acting Commissioner of Social Security, and Trustee                                                                                                |
| vacant                  | Public Trustee                                                                                                                                     |
| vacant                  | Public Trustee                                                                                                                                     |
| Sean P. Brune           | Assistant Deputy Commissioner for Budget, Finance, Quality, and Management Social Security Administration, and Acting Secretary, Board of Trustees |
| 2016                    | Jacob J. Lew                                                                                                                                       | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Thomas E. Perez         | Secretary of Labor, and Trustee                                                                                                                    |
| Sylvia M. Burwell       | Secretary of Health and Human Services, and Trustee                                                                                                |
| Carolyn W. Colvin       | Acting Commissioner of Social Security, and Trustee                                                                                                |
| vacant                  | Public Trustee                                                                                                                                     |
| vacant                  | Public Trustee                                                                                                                                     |
| Virginia P. Reno        | Deputy Commissioner for Retirement and Disability Policy, and Acting Secretary, Board of Trustees                                                  |
| 2015                    | Jacob J. Lew                                                                                                                                       | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Thomas E. Perez         | Secretary of Labor, and Trustee                                                                                                                    |
| Sylvia M. Burwell       | Secretary of Health and Human Services, and Trustee                                                                                                |
| Carolyn W. Colvin       | Acting Commissioner of Social Security, and Trustee                                                                                                |
| Charles P. Blahous III  | Public Trustee                                                                                                                                     |
| Robert D. Reischauer    | Public Trustee                                                                                                                                     |
| Virginia P. Reno        | Deputy Commissioner for Retirement and Disability Policy, and Acting Secretary, Board of Trustees                                                  |
| 2014                    | Jacob J. Lew                                                                                                                                       | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Thomas E. Perez         | Secretary of Labor, and Trustee                                                                                                                    |
| Sylvia M. Burwell       | Secretary of Health and Human Services, and Trustee                                                                                                |
| Carolyn W. Colvin       | Acting Commissioner of Social Security, and Trustee                                                                                                |
| Charles P. Blahous III  | Public Trustee                                                                                                                                     |
| Robert D. Reischauer    | Public Trustee                                                                                                                                     |
| David A. Weaver         | Associate Commissioner, Office of Program Development and Research, Social Security Administration, and Acting Secretary, Board of Trustees        |
| 2013                    | Jacob J. Lew                                                                                                                                       | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Seth D. Harris          | Acting Secretary of Labor, and Trustee                                                                                                             |
| Kathleen Sebelius       | Secretary of Health and Human Services, and Trustee                                                                                                |
| Carolyn W. Colvin       | Acting Commissioner of Social Security, and  and Trustee                                                                                           |
| Charles P. Blahous III  | Public Trustee                                                                                                                                     |
| Robert D. Reischauer    | Public Trustee                                                                                                                                     |
| David A. Weaver         | Associate Commissioner, Office of Program Development and Research, Social Security Administration, and Acting Secretary, Board of Trustees        |
| 2012                    | Timothy F. Geithner                                                                                                                                | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Hilda L. Solis          | Secretary of Labor, and Trustee                                                                                                                    |
| Kathleen Sebelius       | Secretary of Health and Human Services, and Trustee                                                                                                |
| Michael J. Astrue       | Commissioner of Social Security, and Trustee                                                                                                       |
| Charles P. Blahous III  | Public Trustee                                                                                                                                     |
| Robert D. Reischauer    | Public Trustee                                                                                                                                     |
| Carolyn W. Colvin       | Deputy Commissioner of Social Security, and Secretary, Board of Trustees                                                                           |
| 2011                    | Timothy F. Geithner                                                                                                                                | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Hilda L. Solis          | Secretary of Labor, and Trustee                                                                                                                    |
| Kathleen Sebelius       | Secretary of Health and Human Services, and Trustee                                                                                                |
| Michael J. Astrue       | Commissioner of Social Security, and Trustee                                                                                                       |
| Charles P. Blahous III  | Public Trustee                                                                                                                                     |
| Robert D. Reischauer    | Public Trustee                                                                                                                                     |
| Carolyn W. Colvin       | Deputy Commissioner of Social Security, and Secretary, Board of Trustees                                                                           |
| 2010                    | Timothy F. Geithner                                                                                                                                | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Hilda L. Solis          | Secretary of Labor, and Trustee                                                                                                                    |
| Kathleen Sebelius       | Secretary of Health and Human Services, and Trustee                                                                                                |
| Michael J. Astrue       | Commissioner of Social Security, and Trustee                                                                                                       |
| vacant                  | Public Trustee                                                                                                                                     |
| vacant                  | Public Trustee                                                                                                                                     |
| Jason J. Fichtner       | Associate Commissioner, Office of Retirement Policy, Social Security Administration, and Acting Secretary, Board of Trustees                       |
| 2009                    | Timothy F. Geithner                                                                                                                                | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Hilda L. Solis          | Secretary of Labor, and Trustee                                                                                                                    |
| Kathleen Sebelius       | Secretary of Health and Human Services, and Trustee                                                                                                |
| Michael J. Astrue       | Commissioner of Social Security, and Trustee                                                                                                       |
| vacant                  | Public Trustee                                                                                                                                     |
| vacant                  | Public Trustee                                                                                                                                     |
| Jason J. Fichtner       | Acting Deputy Commissioner, Social Security Administration, and Secretary, Board of Trustees                                                       |
| 2008                    | Henry M. Paulson, Jr.                                                                                                                              | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Elaine L. Chao          | Secretary of Labor, and Trustee                                                                                                                    |
| Michael O. Leavitt      | Secretary of Health and Human Services, and Trustee                                                                                                |
| Michael J. Astrue       | Commissioner of Social Security, and Trustee                                                                                                       |
| vacant                  | Public Trustee                                                                                                                                     |
| vacant                  | Public Trustee                                                                                                                                     |
| Jason J. Fichtner       | Associate Commissioner, Social Security Administration, and Acting Secretary, Board of Trustees                                                    |
| 2007                    | Henry M. Paulson, Jr.                                                                                                                              | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Elaine L. Chao          | Secretary of Labor, and Trustee                                                                                                                    |
| Michael O. Leavitt      | Secretary of Health and Human Services, and Trustee                                                                                                |
| Michael J. Astrue       | Commissioner of Social Security, and Trustee                                                                                                       |
| John L. Palmer          | Public Trustee                                                                                                                                     |
| Thomas R. Saving        | Public Trustee                                                                                                                                     |
| Andrew G. Biggs         | Deputy Commissioner of Social Security, and Secretary, Board of Trustees                                                                           |
| 2006                    | John W. Snow                                                                                                                                       | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Elaine L. Chao          | Secretary of Labor, and Trustee                                                                                                                    |
| Michael O. Leavitt      | Secretary of Health and Human Services, and Trustee                                                                                                |
| Jo Anne B. Barnhart     | Commissioner of Social Security, and Trustee                                                                                                       |
| John L. Palmer          | Public Trustee                                                                                                                                     |
| Thomas R. Saving        | Public Trustee                                                                                                                                     |
| James B. Lockhart III   | Deputy Commissioner of Social Security, and Secretary, Board of Trustees                                                                           |
| 2005                    | John W. Snow                                                                                                                                       | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Elaine L. Chao          | Secretary of Labor, and Trustee                                                                                                                    |
| Michael O. Leavitt      | Secretary of Health and Human Services, and Trustee                                                                                                |
| Jo Anne B. Barnhart     | Commissioner of Social Security, and Trustee                                                                                                       |
| John L. Palmer          | Public Trustee                                                                                                                                     |
| Thomas R. Saving        | Public Trustee                                                                                                                                     |
| James B. Lockhart III   | Deputy Commissioner of Social Security, and Secretary, Board of Trustees                                                                           |
| 2004                    | John W. Snow                                                                                                                                       | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Elaine L. Chao          | Secretary of Labor, and Trustee                                                                                                                    |
| Tommy G. Thompson       | Secretary of Health and Human Services, and Trustee                                                                                                |
| Jo Anne B. Barnhart     | Commissioner of Social Security, and Trustee                                                                                                       |
| John L. Palmer          | Public Trustee                                                                                                                                     |
| Thomas R. Saving        | Public Trustee                                                                                                                                     |
| James B. Lockhart III   | Deputy Commissioner of Social Security, and Secretary, Board of Trustees                                                                           |
| 2003                    | John W. Snow                                                                                                                                       | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Elaine L. Chao          | Secretary of Labor, and Trustee                                                                                                                    |
| Tommy G. Thompson       | Secretary of Health and Human Services, and Trustee                                                                                                |
| Jo Anne B. Barnhart     | Commissioner of Social Security, and Trustee                                                                                                       |
| John L. Palmer          | Public Trustee                                                                                                                                     |
| Thomas R. Saving        | Public Trustee                                                                                                                                     |
| James B. Lockhart III   | Deputy Commissioner of Social Security, and Secretary, Board of Trustees                                                                           |
| 2002                    | Paul H. O'Neill                                                                                                                                    | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Elaine L. Chao          | Secretary of Labor, and Trustee                                                                                                                    |
| Tommy G. Thompson       | Secretary of Health and Human Services, and Trustee                                                                                                |
| Jo Anne B. Barnhart     | Commissioner of Social Security, and Trustee                                                                                                       |
| John L. Palmer          | Public Trustee                                                                                                                                     |
| Thomas R. Saving        | Public Trustee                                                                                                                                     |
| James B. Lockhart III   | Deputy Commissioner of Social Security, and Secretary, Board of Trustees                                                                           |
| 2001                    | Paul H. O'Neill                                                                                                                                    | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Elaine L. Chao          | Secretary of Labor, and Trustee                                                                                                                    |
| Tommy G. Thompson       | Secretary of Health and Human Services, and Trustee                                                                                                |
| William A. Halter       | Acting Commissioner of Social Security, and Trustee                                                                                                |
| John L. Palmer          | Public Trustee                                                                                                                                     |
| Thomas R. Saving        | Public Trustee                                                                                                                                     |
| Paul N. Van de Water    | Assistant Deputy Commissioner for Policy, Social Security Administration, and Acting Secretary, Board of Trustees                                  |
| 2000                    | Lawrence H. Summers                                                                                                                                | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Alexis M. Herman        | Secretary of Labor, and Trustee                                                                                                                    |
| Donna E. Shalala        | Secretary of Health and Human Services, and Trustee                                                                                                |
| Kenneth S. Apfel        | Commissioner of Social Security, and Trustee                                                                                                       |
| Stephen G. Kellison     | Public Trustee                                                                                                                                     |
| Marilyn Moon            | Public Trustee                                                                                                                                     |
| William A. Halter       | Deputy Commissioner of Social Security, and Secretary, Board of Trustees                                                                           |
| 1999                    | Robert E. Rubin                                                                                                                                    | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Alexis M. Herman        | Secretary of Labor, and Trustee                                                                                                                    |
| Donna E. Shalala        | Secretary of Health and Human Services, and Trustee                                                                                                |
| Kenneth S. Apfel        | Commissioner of Social Security, and Trustee                                                                                                       |
| Stephen G. Kellison     | Public Trustee                                                                                                                                     |
| Marilyn Moon            | Public Trustee                                                                                                                                     |
| John R. Dyer            | Principal Deputy Commissioner of Social Security, and Secretary, Board of Trustees                                                                 |
| 1998                    | Robert E. Rubin                                                                                                                                    | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Alexis M. Herman        | Secretary of Labor, and Trustee                                                                                                                    |
| Donna E. Shalala        | Secretary of Health and Human Services, and Trustee                                                                                                |
| Kenneth S. Apfel        | Commissioner of Social Security, and Trustee                                                                                                       |
| Stephen G. Kellison     | Public Trustee                                                                                                                                     |
| Marilyn Moon            | Public Trustee                                                                                                                                     |
| Jane L. Ross            | Deputy Commissioner for Policy, Social Security Administration,  and Acting Secretary, Board of Trustees                                           |
| 1997                    | Robert E. Rubin                                                                                                                                    | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Cynthia A. Metzler      | Acting Secretary of Labor, and Trustee                                                                                                             |
| Donna E. Shalala        | Secretary of Health and Human Services, and Trustee                                                                                                |
| John J. Callahan        | Acting Commissioner of Social Security, and Trustee                                                                                                |
| Stephen G. Kellison     | Public Trustee                                                                                                                                     |
| Marilyn Moon            | Public Trustee                                                                                                                                     |
| John R. Dyer            | Acting Principal Deputy Commissioner of Social Security, and Acting Secretary, Board of Trustees                                                   |
| 1996                    | Robert E. Rubin                                                                                                                                    | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Robert B. Reich         | Secretary of Labor, and Trustee                                                                                                                    |
| Donna E. Shalala        | Secretary of Health and Human Services, and Trustee                                                                                                |
| Shirley S. Chater       | Commissioner of Social Security, and Trustee                                                                                                       |
| Stephen G. Kellison     | Public Trustee                                                                                                                                     |
| Marilyn Moon            | Public Trustee                                                                                                                                     |
| John R. Dyer            | Acting Principal Deputy Commissioner of Social Security, and Acting Secretary, Board of Trustees                                                   |
| 1995                    | Robert E. Rubin                                                                                                                                    | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Robert B. Reich         | Secretary of Labor, and Trustee                                                                                                                    |
| Donna E. Shalala        | Secretary of Health and Human Services, and Trustee                                                                                                |
| Shirley S. Chater       | Commissioner of Social Security, and Trustee                                                                                                       |
| Stanford G. Ross        | Public Trustee                                                                                                                                     |
| David M. Walker         | Public Trustee                                                                                                                                     |
| Lawrence H. Thompson    | Principal Deputy Commissioner of Social Security, and Acting Secretary, Board of Trustees                                                          |
| 1994                    | Lloyd M. Bentsen                                                                                                                                   | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Robert B. Reich         | Secretary of Labor, and Trustee                                                                                                                    |
| Donna E. Shalala        | Secretary of Health and Human Services, and Trustee                                                                                                |
| Stanford G. Ross        | Public Trustee                                                                                                                                     |
| David M. Walker         | Public Trustee                                                                                                                                     |
| Shirley S. Chater       | Commissioner of Social Security, and Secretary, Board of Trustees                                                                                  |
| 1993                    | Lloyd M. Bentsen                                                                                                                                   | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Robert B. Reich         | Secretary of Labor, and Trustee                                                                                                                    |
| Donna E. Shalala        | Secretary of Health and Human Services, and Trustee                                                                                                |
| Stanford G. Ross        | Public Trustee                                                                                                                                     |
| David M. Walker         | Public Trustee                                                                                                                                     |
| Louis D. Enoff          | Acting Commissioner of Social Security, and Secretary, Board of Trustees                                                                           |
| 1992                    | Nicholas F. Brady                                                                                                                                  | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Lynn Martin             | Secretary of Labor, and Trustee                                                                                                                    |
| Louis W. Sullivan, M.D. | Secretary of Health and Human Services, and Trustee                                                                                                |
| Stanford G. Ross        | Public Trustee                                                                                                                                     |
| David M. Walker         | Public Trustee                                                                                                                                     |
| Gwendolyn S. King       | Commissioner of Social Security, and Secretary, Board of Trustees                                                                                  |
| 1991                    | Nicholas F. Brady                                                                                                                                  | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Lynn Martin             | Secretary of Labor, and Trustee                                                                                                                    |
| Louis W. Sullivan, M.D. | Secretary of Health and Human Services, and Trustee                                                                                                |
| Stanford G. Ross        | Public Trustee                                                                                                                                     |
| David M. Walker         | Public Trustee                                                                                                                                     |
| John R. Dyer            | Acting Commissioner of Social Security, and Secretary, Board of Trustees                                                                           |
| 1990                    | Nicholas F. Brady                                                                                                                                  | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Elizabeth Dole          | Secretary of Labor, and Trustee                                                                                                                    |
| Louis W. Sullivan, M.D. | Secretary of Health and Human Services, and Trustee                                                                                                |
| vacant                  | Public Trustee                                                                                                                                     |
| vacant                  | Public Trustee                                                                                                                                     |
| Gwendolyn S. King       | Commissioner of Social Security, and Secretary, Board of Trustees                                                                                  |
| 1989                    | Nicholas F. Brady                                                                                                                                  | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Elizabeth  Dole         | Secretary of Labor, and Trustee                                                                                                                    |
| Louis W. Sullivan, M.D. | Secretary of Health and Human Services, and Trustee                                                                                                |
| Mary Falvey Fuller      | Public Trustee                                                                                                                                     |
| Suzanne Denbo Jaffe     | Public Trustee                                                                                                                                     |
| Dorcas R. Hardy         | Commissioner of Social Security, and Secretary, Board of Trustees                                                                                  |
| 1988                    | James A. Baker, III                                                                                                                                | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Ann McLaughlin          | Secretary of Labor, and Trustee                                                                                                                    |
| Otis R. Bowen, M.D.     | Secretary of Health and Human Services, and Trustee                                                                                                |
| Mary Falvey Fuller      | Public Trustee                                                                                                                                     |
| Suzanne Denbo Jaffe     | Public Trustee                                                                                                                                     |
| Dorcas R. Hardy         | Commissioner of Social Security, and Secretary, Board of Trustees                                                                                  |
| 1987                    | James A. Baker, III                                                                                                                                | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| William E. Brock        | Secretary of Labor, and Trustee                                                                                                                    |
| Otis R. Bowen, M.D.     | Secretary of Health and Human Services, and Trustee                                                                                                |
| Mary Falvey Fuller      | Public Trustee                                                                                                                                     |
| Suzanne Denbo Jaffe     | Public Trustee                                                                                                                                     |
| Dorcas R. Hardy         | Commissioner of Social Security, and Secretary, Board of Trustees                                                                                  |
| 1986                    | James A. Baker, III                                                                                                                                | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| William E. Brock        | Secretary of Labor, and Trustee                                                                                                                    |
| Otis R. Bowen, M.D.     | Secretary of Health and Human Services, and Trustee                                                                                                |
| Mary Falvey Fuller      | Public Trustee                                                                                                                                     |
| Suzanne Denbo Jaffe     | Public Trustee                                                                                                                                     |
| Martha A. McSteen       | Acting Commissioner of Social Security, and Secretary, Board of Trustees                                                                           |
| 1985                    | James A. Baker, III                                                                                                                                | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Ford B. Ford            | Under Secretary of Labor, and Acting Trustee                                                                                                       |
| Margaret M. Heckler     | Secretary of Health and Human Services, and Trustee                                                                                                |
| Mary F. Fuller          | Public Trustee                                                                                                                                     |
| Suzanne D. Jaffe        | Public Trustee                                                                                                                                     |
| Martha A. McSteen       | Acting Commissioner of Social Security, and Secretary, Board of Trustees                                                                           |
| 1984                    | Donald T. Regan                                                                                                                                    | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Raymond J. Donovan      | Secretary of Labor, and Trustee                                                                                                                    |
| Margaret M. Heckler     | Secretary of Health and Human Services, and Trustee                                                                                                |
| Martha A. McSteen       | Acting Commissioner of Social Security, and Secretary, Board of Trustees                                                                           |
| 1983                    | Donald T. Regan                                                                                                                                    | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Raymond J. Donovan      | Secretary of Labor, and Trustee                                                                                                                    |
| Margaret M. Heckler     | Secretary of Health and Human Services, and Trustee                                                                                                |
| John A. Svahn           | Commissioner of Social Security, and Secretary, Board of Trustees                                                                                  |
| 1982                    | Donald T. Regan                                                                                                                                    | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Raymond J. Donovan      | Secretary of Labor, and Trustee                                                                                                                    |
| Richard S. Schweiker    | Secretary of Health and Human Services, and Trustee                                                                                                |
| John A. Svahn           | Commissioner of Social Security, and Secretary, Board of Trustees                                                                                  |
| 1981                    | Donald T. Regan                                                                                                                                    | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Raymond J. Donovan      | Secretary of Labor, and Trustee                                                                                                                    |
| Richard S. Schweiker    | Secretary of Health and Human Services, and Trustee                                                                                                |
| John A. Svahn           | Commissioner of Social Security, and Secretary, Board of Trustees                                                                                  |
| 1980                    | G. William Miller                                                                                                                                  | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Ray Marshall            | Secretary of Labor                                                                                                                                 |
| Patricia Roberts Harris | Secretary of Health and Human Services                                                                                                             |
| William J. Driver       | Commissioner of Social Security, and Secretary, Board of Trustees                                                                                  |
| 1979                    | W. Michael Blumenthal                                                                                                                              | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Ray Marshall            | Secretary of Labor                                                                                                                                 |
| Joseph A. Califano, Jr. | Secretary of Health, Education and Welfare                                                                                                         |
| Stanford G. Ross        | Commissioner of Social Security, and Secretary, Board of Trustees                                                                                  |
| 1978                    | W. Michael Blumenthal                                                                                                                              | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Ray Marshall            | Secretary of Labor                                                                                                                                 |
| Joseph A. Califano, Jr. | Secretary of Health, Education and Welfare                                                                                                         |
| Don I. Wortman          | Acting Commissioner of Social Security, and Secretary, Board of Trustees                                                                           |
| 1977                    | W. Michael Blumenthal                                                                                                                              | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Ray Marshall            | Secretary of Labor                                                                                                                                 |
| Joseph A. Califano, Jr. | Secretary of Health, Education and Welfare                                                                                                         |
| James  B. Cardwell      | Commissioner of Social Security, and Secretary, Board of Trustees                                                                                  |
| 1976                    | William E. Simon                                                                                                                                   | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| W. J. Usery, Jr.        | Secretary of Labor                                                                                                                                 |
| David Mathews           | Secretary of Health, Education and Welfare                                                                                                         |
| James  B. Cardwell      | Commissioner of Social Security, and Secretary, Board of Trustees                                                                                  |
| 1975                    | William E. Simon                                                                                                                                   | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| John T. Dunlop          | Secretary of Labor                                                                                                                                 |
| Casper W. Weinberger    | Secretary of Health, Education and Welfare                                                                                                         |
| James  B. Cardwell      | Commissioner of Social Security, and Secretary, Board of Trustees                                                                                  |
| 1974                    | William E. Simon                                                                                                                                   | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Peter J. Brennan        | Secretary of Labor                                                                                                                                 |
| Casper W. Weinberger    | Secretary of Health, Education and Welfare                                                                                                         |
| James  B. Cardwell      | Commissioner of Social Security, and Secretary, Board of Trustees                                                                                  |
| 1973                    | George P. Shultz                                                                                                                                   | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Peter J. Brennan        | Secretary of Labor                                                                                                                                 |
| Casper W. Weinberger    | Secretary of Health, Education and Welfare                                                                                                         |
| Arthur E. Hess          | Acting Commissioner of Social Security, and Secretary, Board of Trustees                                                                           |
| 1972                    | John B. Connally                                                                                                                                   | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| J. D Hodgson            | Secretary of Labor                                                                                                                                 |
| Elliot L. Richardson    | Secretary of Health, Education and Welfare                                                                                                         |
| Robert M. Ball          | Commissioner of Social Security, and Secretary, Board of Trustees                                                                                  |
| 1971                    | John B. Connally                                                                                                                                   | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| J. D Hodgson            | Secretary of Labor                                                                                                                                 |
| Elliot L. Richardson    | Secretary of Health, Education and Welfare                                                                                                         |
| Robert M. Ball          | Commissioner of Social Security, and Secretary, Board of Trustees                                                                                  |
| 1970                    | David M. Kennedy                                                                                                                                   | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| George P. Shultz        | Secretary of Labor                                                                                                                                 |
| Robert H. Finch         | Secretary of Health, Education and Welfare                                                                                                         |
| Robert M. Ball          | Commissioner of Social Security, and Secretary, Board of Trustees                                                                                  |
| 1969                    | Joseph W. Barr                                                                                                                                     | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Willard Wirtz           | Secretary of Labor                                                                                                                                 |
| Wilbur J. Cohen         | Secretary of Health, Education and Welfare                                                                                                         |
| Robert M. Ball          | Commissioner of Social Security, and Secretary, Board of Trustees                                                                                  |
| 1968                    | Henry H. Fowler                                                                                                                                    | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| W. Willard Wirtz        | Secretary of Labor                                                                                                                                 |
| Wilbur J. Cohen         | Secretary of Health, Education and Welfare                                                                                                         |
| Robert M. Ball          | Commissioner of Social Security, and Secretary, Board of Trustees                                                                                  |
| 1967                    | Joseph W. Barr                                                                                                                                     | Acting Secretary of the Treasury, and Acting Managing Trustee of the Trust Fund |
| W. Willard Wirtz        | Secretary of Labor                                                                                                                                 |
| John W. Gardner         | Secretary of Health, Education and Welfare                                                                                                         |
| Robert M. Ball          | Commissioner of Social Security, and Secretary, Board of Trustees                                                                                  |
| 1966                    | Henry H. Fowler                                                                                                                                    | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| W. Willard Wirtz        | Secretary of Labor                                                                                                                                 |
| John W. Gardner         | Secretary of Health, Education and Welfare                                                                                                         |
| Robert M. Ball          | Commissioner of Social Security, and Secretary, Board of Trustees                                                                                  |
| 1965                    | C. Douglas Dillon                                                                                                                                  | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| W. Willard Wirtz        | Secretary of Labor                                                                                                                                 |
| Anthony J. Celebrezze   | Secretary of Health, Education and Welfare                                                                                                         |
| Robert M. Ball          | Commissioner of Social Security, and Secretary, Board of Trustees                                                                                  |
| 1964                    | C. Douglas Dillon                                                                                                                                  | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| W. Willard Wirtz        | Secretary of Labor                                                                                                                                 |
| Anthony J. Celebrezze   | Secretary of Health, Education and Welfare                                                                                                         |
| Robert M. Ball          | Commissioner of Social Security, and Secretary, Board of Trustees                                                                                  |
| 1963                    | C. Douglas Dillon                                                                                                                                  | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| W. Willard Wirtz        | Secretary of Labor                                                                                                                                 |
| Anthony J. Celebrezze   | Secretary of Health, Education and Welfare                                                                                                         |
| Robert M. Ball          | Commissioner of Social Security, and Secretary, Board of Trustees                                                                                  |
| 1962                    | C. Douglas Dillon                                                                                                                                  | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Arthur J. Goldberg      | Secretary of Labor                                                                                                                                 |
| Abraham Ribicoff        | Secretary of Health, Education and Welfare                                                                                                         |
| W. L. Mitchell          | Commissioner of Social Security, and Secretary, Board of Trustees                                                                                  |
| 1961                    | Robert B. Anderson                                                                                                                                 | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| James P. Mitchell       | Secretary of Labor                                                                                                                                 |
| Arthur S. Flemming      | Secretary of Health, Education and Welfare                                                                                                         |
| W. L. Mitchell          | Commissioner of Social Security, and Secretary, Board of Trustees                                                                                  |
| 1960                    | Robert B. Anderson                                                                                                                                 | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| James P. Mitchell       | Secretary of Labor                                                                                                                                 |
| Arthur S. Flemming      | Secretary of Health, Education and Welfare                                                                                                         |
| W. L. Mitchell          | Commissioner of Social Security, and Secretary, Board of Trustees                                                                                  |
| 1959                    | Robert B. Anderson                                                                                                                                 | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| James P. Mitchell       | Secretary of Labor                                                                                                                                 |
| Arthur S. Flemming      | Secretary of Health, Education and Welfare                                                                                                         |
| W. L. Mitchell          | Commissioner of Social Security, and Secretary, Board of Trustees                                                                                  |
| 1958                    | Robert B. Anderson                                                                                                                                 | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| James P. Mitchell       | Secretary of Labor                                                                                                                                 |
| Marion B. Folsom        | Secretary of Health, Education and Welfare                                                                                                         |
| Charles I. Schottland   | Commissioner of Social Security, and Secretary, Board of Trustees                                                                                  |
| 1957                    | George M. Humphrey                                                                                                                                 | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| James P. Mitchell       | Secretary of Labor                                                                                                                                 |
| Marion B. Folsom        | Secretary of Health, Education and Welfare                                                                                                         |
| Charles I. Schottland   | Commissioner of Social Security, and Secretary, Board of Trustees                                                                                  |
| 1956                    | George M. Humphrey                                                                                                                                 | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| James P. Mitchell       | Secretary of Labor                                                                                                                                 |
| Marion B. Folsom        | Secretary of Health, Education and Welfare                                                                                                         |
| Charles I. Schottland   | Commissioner of Social Security, and Secretary, Board of Trustees                                                                                  |
| 1955                    | George M. Humphrey                                                                                                                                 | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| James P. Mitchell       | Secretary of Labor                                                                                                                                 |
| Oveta Culp Hobby        | Secretary of Health, Education and Welfare                                                                                                         |
| Charles I. Schottland   | Commissioner of Social Security, and Secretary, Board of Trustees                                                                                  |
| 1954                    | George M. Humphrey                                                                                                                                 | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| James P. Mitchell       | Secretary of Labor                                                                                                                                 |
| Oveta Culp Hobby        | Secretary of Health, Education and Welfare                                                                                                         |
| John W. Tramburg        | Commissioner of Social Security, and Secretary, Board of Trustees                                                                                  |
| 1953                    | George M. Humphrey                                                                                                                                 | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Martin Durkin           | Secretary of Labor                                                                                                                                 |
| Oveta Culp Hobby        | Secretary of Health, Education and Welfare                                                                                                         |
| Arthur J. Altmeyer      | Commissioner of Social Security, and Secretary, Board of Trustees                                                                                  |
| 1952                    | John W. Snyder                                                                                                                                     | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Maurice J. Tobin        | Secretary of Labor                                                                                                                                 |
| Oscar R. Ewing          | Federal Security Administrator                                                                                                                     |
| 1951                    | John W. Snyder                                                                                                                                     | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Maurice J. Tobin        | Secretary of Labor                                                                                                                                 |
| Oscar R. Ewing          | Federal Security Administrator                                                                                                                     |
| 1950                    | John W. Snyder                                                                                                                                     | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Maurice J. Tobin        | Secretary of Labor                                                                                                                                 |
| Oscar R. Ewing          | Federal Security Administrator                                                                                                                     |
| 1949                    | John W. Snyder                                                                                                                                     | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Maurice J. Tobin        | Secretary of Labor                                                                                                                                 |
| Oscar R. Ewing          | Federal Security Administrator                                                                                                                     |
| 1948                    | John W. Snyder                                                                                                                                     | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| L.B. Schwellenbach      | Secretary of Labor                                                                                                                                 |
| Oscar R. Ewing          | Federal Security Administrator                                                                                                                     |
| 1947                    | John W. Snyder                                                                                                                                     | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| L.B. Schwellenbach      | Secretary of Labor                                                                                                                                 |
| Watson B. Miller        | Federal Security Administrator                                                                                                                     |
| 1946                    | Henry H. Morgenthau, Jr.                                                                                                                           | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Frances I. Perkins      | Secretary of Labor                                                                                                                                 |
| Arthur J. Altmeyer      | Chairman, Social Security Board                                                                                                                    |
| 1945                    | Henry Morgenthau, Jr.                                                                                                                              | Secretary of the Treasury, and Managing Trustee of the Trust Funds              |
| Frances I. Perkins      | Secretary of Labor                                                                                                                                 |
| A. J. Altmeyer          | Chairman, Social Security Board                                                                                                                    |