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Abstract of Has the Unified Budget Undermined the Federal Government Trust Funds?
National Bureau of Economic Research [NBER] 
Dec. 8, 2004
Excerpt: In order to ease the burden on workers during the retirement of the baby boom generation, the 1983 Social Security Reforms set payroll taxes above the level needed to pay current benefits, thus partially prefunding the baby boomers' retirement. The military and civil service retirement programs followed suit in the mid-1980s and switched from pay-as-you-go financing to funded systems. The excess income generated by these retirement programs was held in the federal trust[.]
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