Tbl_III_E24.html—Act. Study No.119

III.E24.—Non-Current-Payment Benefits to Retired Workers and Dependents, Other Than Benefits Due to AERO

(Calendar years 1980-2014)

[Numbers in thousands, amounts in millions]
Year	Awards to retired workers during year		Benefit increase factor	Factor for all other components	Non-current-payment benefits other than AERO
Year	Number	Average benefit	Benefit increase factor	Factor for all other components	Non-current-payment benefits other than AERO
1980	1,612.7	$363.09	0.933	0.944	$515.7
1981	1,579.0	402.07	.947	1.496	899.1
1982	1,618.4	412.60	.964	.934	601.3
1983	1,662.3	421.75	.966	1.802	1,220.8
1984	1,604.2	429.16	.966	.944	627.9
1985	1,682.4	445.04	.970	.493	357.7
1986	1,726.2	458.80	.987	.230	179.9
1987	1,660.7	485.47	.960	.097	74.9
1988	1,644.8	507.13	.962	.265	212.1
1989	1,641.3	540.58	.955	.491	416.5
1990	1,654.1	579.01	.949	.662	601.2
1991	1,680.2	604.31	.964	.587	574.4
1992	1,700.5	626.34	.971	.596	616.1
1993	1,657.3	646.82	.975	.342	357.0
1994	1,623.8	668.94	.973	.293	309.5
1995	1,608.1	689.06	.975	.426	459.7
1996	1,580.4	713.41	.972	.500	547.5
1997	1,717.8	738.23	.979	1.120	1,390.5
1998	1,630.7	754.31	.987	1.314	1,595.4
1999	1,689.2	795.43	.976	1.005	1,317.8
2000	1,959.4	869.43	.966	1.928	3,173.9
2001	1,777.8	878.13	.975	.820	1,247.8
2002	1,812.6	914.23	.986	.708	1,156.5
2003	1,791.3	941.24	.979	.760	1,255.0
2004	1,883.1	961.16	.974	.743	1,309.3
2005	1,927.6	979.11	.980	1.080	1,998.3
2006	2,019.2	1,010.20	.979	.953	1,902.1
2007	2,149.9	1,045.73	.974	.970	2,123.4
2008	2,319.1	1,080.23	.973	.967	2,356.5
2009	2,535.5	1,127.59	.973	.970	2,697.7
2010	2,636.4	1,178.75	.973	.911	2,754.0
2011	2,776.9	1,233.19	.973	1.008	3,357.9
2012	2,943.8	1,290.68	.973	.993	3,670.1
2013	3,061.5	1,347.23	.973	.996	3,996.1
2014	3,132.4	1,401.09	.973	.996	4,252.2

Number and average benefit shown earlier.

Benefit increase factor computed as 1 divided by sum of (a) 1, and (b) general benefit increase occurring in that period times number of months for which that increase did not apply divided by 12 (for years) or 3 (for quarters).

Factor for all other components computed historically by dividing (a) non-current-payment benefits by (b) number of awards times average benefit times benefit increase factor.

Historical total non-current-payment benefits other than benefits due to AERO computed by subtracting current-payment benefits (shown earlier) and benefits due to AERO from total benefits from Treasury Statement of Account. Future non-current-payment benefits other than benefits due to AERO computed as number of awards times average benefit times benefit increase factor times factor for all other components.

Note: Future estimates based on 2005 Trustees Report intermediate set of assumptions.

Short-Range Actuarial Projections of the Old-Age, Survivors, and Disability Insurance Program, 2005
ACTUARIAL STUDY NO. 119 by Chris Motsiopoulos and Richard B. Tucker

Short-Range Actuarial Projectionsof the Old-Age, Survivors, and Disability Insurance Program, 2005

Short-Range Actuarial Projections
of the Old-Age, Survivors, and
Disability Insurance Program, 2005