Short-Range Actuarial Projections of the Old-Age, Survivors, and Disability Insurance Program, 2001
Actuarial Study No. 115
Chris Motsiopoulos and Tim Zayatz, A.S.A.
 Contents Glossary




 

III. BENEFIT PAYMENTS

E. OLD-AGE AND SURVIVORS INSURANCE BENEFIT PAYMENTS

Table III.E2—Average Monthly Benefit to Young and Aged Spouses
of Retired Workers In Current-Payment Status
(End of calendar years 1975-2010)
Year
  Average benefit
for retired worker
in current-
payment status
Young spouses
Aged spouses
Average benefit
for total
spouses of
retired workers
  Percent of
average benefit
for retired worker
  Average benefit
  Percent of
average benefit
for retired worker
  Average benefit
Male workers
1975
$227.75
31.13
$70.89
47.32
$107.77
$105.24
1980
380.18
31.86
121.11
46.30
176.04
172.42
1985
538.37
30.32
163.26
46.50
250.36
247.28
1986
549.78
30.19
165.99
46.52
255.75
252.74
1987
577.46
30.24
174.62
46.48
268.42
265.45
1988
604.85
30.16
182.42
46.45
280.98
278.07
1989
638.89
30.37
194.02
46.45
296.77
293.80
1990
679.27
30.64
208.13
46.43
315.39
312.35
1991
709.34
30.93
219.42
46.41
329.24
326.23
1992
735.47
31.18
229.32
46.37
341.04
338.04
1993
759.29
31.44
238.72
46.34
351.84
348.85
1994
785.24
31.66
248.59
46.31
363.61
360.64
1995
810.21
31.69
256.73
46.29
375.01
372.04
1996
838.11
33.09
277.29
46.25
387.66
385.20
1997
860.47
33.28
286.36
46.16
397.20
394.85
1998
876.93
33.63
294.93
46.07
404.01
401.79
1999
904.62
33.99
307.49
45.90
415.25
413.11
2000
951.05
34.58
328.89
45.58
433.53
431.43
2001
985.79
35.09
345.87
45.60
449.48
447.43
2002
1,024.02
35.63
364.81
45.60
466.97
464.97
2003
1,064.59
36.20
385.39
45.60
485.46
483.51
2004
1,107.53
36.81
407.72
45.60
504.99
503.08
2005
1,153.48
37.46
432.15
45.59
525.83
523.99
2006
1,203.07
38.00
457.17
45.57
548.28
546.49
2007
1,256.09
38.00
477.32
45.56
572.25
570.39
2008
1,311.99
38.00
498.56
45.54
597.49
595.55
2009
1,371.45
38.00
521.15
45.52
624.30
622.28
2010
1,433.27
38.00
544.64
45.50
652.14
650.03
Female workers
1975
181.80
(1)
(1)
54.49
99.07
99.07
1980
296.86
27.24
80.85
44.49
132.08
132.07
1985
412.09
20.87
86.02
41.12
169.47
169.11
1986
420.44
21.17
88.99
40.51
170.33
170.01
1987
441.16
22.28
98.29
39.93
176.16
175.87
1988
462.02
20.86
96.40
39.34
181.78
181.49
1989
487.93
22.24
108.54
38.81
189.39
189.14
1990
518.55
23.27
120.67
38.28
198.48
198.22
1991
541.63
25.07
135.76
37.59
203.61
203.37
1992
561.82
26.09
146.57
37.10
208.43
208.22
1993
580.72
26.62
154.60
36.55
212.27
212.09
1994
601.26
26.55
159.61
36.01
216.54
216.38
1995
621.22
25.80
160.26
35.57
220.97
220.81
1996
643.70
24.68
158.88
35.08
225.84
225.68
1997
662.53
25.60
169.64
34.55
228.90
228.78
1998
675.93
30.80
208.22
34.11
230.53
230.48
1999
697.50
30.64
213.71
33.63
234.57
234.53
2000
729.89
29.03
211.86
33.27
242.81
242.75
2001
757.02
28.99
219.48
32.83
248.51
248.44
2002
786.00
28.98
227.81
32.41
254.72
254.66
2003
817.01
28.98
236.76
32.00
261.41
261.36
2004
849.58
28.97
246.11
31.59
268.42
268.37
2005
883.80
28.96
255.94
31.20
275.76
275.72
2006
920.37
28.95
266.45
30.82
283.66
283.62
2007
958.68
28.94
277.47
30.45
291.90
291.87
2008
998.18
28.94
288.83
30.09
300.31
300.28
2009
1,038.79
28.93
300.51
29.73
308.84
308.82
2010
1,081.31
28.93
312.78
29.38
317.73
317.72

1 This benefit became available on October 17, 1980.

Sources:

· Average benefit for retired worker shown earlier.

· Historical benefit percentages computed by dividing average benefit for young or aged spouse by average benefit for retired worker; future benefit percentage projected by regression, with ad hoc adjustments.

· Historical average monthly benefit in current-payment status from 1-A Table Current-Payment Supplement; future average benefit calculated by applying corresponding percentage to applicable average benefit for retired workers.

Note: Future estimates based on 2001 Trustees Report intermediate set of assumptions.

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December 26, 2001