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

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ACTUARIAL STUDY NO. 119
by Chris Motsiopoulos
and Richard B. Tucker

III.E32.—Adjusted Current-Payment Benefits, Non-Current-Payment Benefits, and Total Benefits to OASI Beneficiaries
(Calendar years 1980-2004, and calendar quarters 2005-14)
[In millions]
Calendar
period
Total retired workers
Total dependents of
retired workers
Total survivors of
deceased workers

Special
age-72
benefi-ciaries

Lump-
sum
death
pay-ments
Total OASI benefit payments
Adjusted
current-
payment 1
Non-
current-
payment
Total
Adjusted
current-
payment 2
Non-
current-
payment
Total
Adjusted
current-
payment 3
Non-
current-
payment
Total
Adjusted
current-
payment
Non-
current-
payment
Total
1980
$70,094.9
$389.8
$70,484.7
$7,345.8
$173.1
$7,518.9
$26,227.7
$329.5
$26,557.3
$119.2
$394.4
$103,788.3
$1,286.1
$105,074.4
1981
82,670.6
1,068.6
83,739.2
8,569.3
262.0
8,831.3
30,296.3
486.0
30,782.3
110.1
332.5
121,647.5
2,147.9
123,795.4
1982
93,999.6
1,250.7
95,250.3
9,490.0
236.8
9,726.8
33,099.5
420.5
33,519.9
99.6
203.3
136,689.6
2,110.3
138,799.8
1983
101,542.9
2,154.1
103,697.0
10,096.4
335.0
10,431.4
34,454.0
629.8
35,083.8
84.7
205.4
146,178.4
3,324.0
149,502.4
1984
108,788.7
1,303.9
110,092.6
10,740.9
212.5
10,953.4
36,061.4
472.5
36,533.9
70.6
211.5
155,662.3
2,199.8
157,862.0
1985
116,042.9
776.7
116,819.6
11,432.5
224.5
11,657.0
38,121.1
497.5
38,618.6
56.9
207.5
165,654.3
1,705.3
167,359.6
1986
123,034.7
549.0
123,583.7
12,119.7
198.7
12,318.3
40,273.5
419.0
40,692.6
46.9
202.9
175,474.6
1,369.9
176,844.4
1987
128,148.6
364.4
128,513.1
12,602.8
177.6
12,780.4
41,714.5
397.4
42,111.9
35.7
203.1
182,502.5
1,141.6
183,644.1
1988
136,571.7
415.2
136,986.9
13,354.2
156.4
13,510.7
44,312.3
475.2
44,787.5
28.5
208.1
194,266.9
1,254.8
195,521.7
1989
145,214.2
812.7
146,026.9
14,112.1
191.7
14,303.8
46,948.4
470.1
47,418.5
21.3
206.5
206,296.6
1,680.3
207,977.0
1990
155,939.6
816.5
156,756.1
15,076.3
193.1
15,269.4
50,230.3
515.5
50,745.8
16.1
205.6
221,262.9
1,730.0
222,992.9
1991
168,394.7
747.4
169,142.1
16,202.5
188.6
16,391.2
54,130.8
558.1
54,688.8
12.1
202.0
238,740.7
1,695.6
240,436.2
1992
178,604.8
767.6
179,372.4
17,107.9
196.2
17,304.0
57,472.7
576.1
58,048.8
8.7
205.5
253,194.6
1,744.8
254,939.4
1993
187,784.9
655.1
188,439.9
17,866.2
52.5
17,918.8
60,508.5
716.7
61,225.3
6.0
214.5
266,166.2
1,638.3
267,804.5
1994
195,834.1
566.1
196,400.2
18,449.1
42.0
18,491.1
63,290.1
712.4
64,002.6
3.8
220.0
277,577.7
1,540.1
279,117.7
1995
204,548.9
766.4
205,315.3
19,027.8
35.1
19,062.8
66,235.7
847.4
67,083.1
2.6
218.5
289,815.4
1,866.9
291,682.3
1996
212,625.8
797.1
213,422.9
19,476.8
37.0
19,513.8
68,981.2
777.4
69,758.7
1.4
217.5
301,085.8
1,828.6
302,914.4
1997
221,961.4
1,592.5
223,553.9
19,942.6
93.3
20,035.9
71,490.0
1,014.8
72,504.9
.6
215.8
313,395.3
2,915.7
316,311.1
1998
230,521.3
1,802.5
232,323.9
20,212.6
122.5
20,335.1
72,852.1
1,088.3
73,940.4
.3
217.7
323,586.8
3,230.5
326,817.3
1999
236,963.1
1,515.4
238,478.5
20,302.3
104.5
20,406.8
74,305.4
1,030.8
75,336.2
-.2
215.9
331,571.2
2,865.9
334,437.2
2000
250,191.2
3,351.2
253,542.4
20,899.4
202.7
21,102.1
76,737.9
1,110.5
77,848.4
-.6
214.1
347,828.8
4,877.7
352,706.5
2001
267,341.2
1,634.9
268,976.1
21,787.8
35.2
21,823.0
80,003.6
1,355.6
81,359.2
-.6
211.9
369,132.8
3,236.9
372,369.7
2002
280,123.1
1,501.4
281,624.4
22,238.3
120.7
22,359.0
82,700.3
1,273.9
83,974.2
-.2
212.6
385,061.8
3,108.2
388,170.0
2003
289,814.8
1,702.8
291,517.6
22,396.7
136.6
22,533.4
84,338.3
1,296.7
85,634.9
4/
206.0
396,549.8
3,342.2
399,892.0
2004
302,565.4
1,695.6
304,261.0
22,712.1
166.8
22,878.9
86,331.4
1,405.7
87,737.1
-.1
205.1
411,608.9
3,473.1
415,082.0
2005-I
78,748.1
549.6
79,297.7
5,793.6
32.1
5,825.7
22,124.6
308.3
22,432.9
4/
56.2
106,666.3
946.2
107,612.5
2005-II
79,075.0
640.6
79,715.5
5,789.3
63.1
5,852.4
22,187.6
388.7
22,576.3
4/
53.0
107,051.9
1,145.3
108,197.2
2005-III
79,623.6
429.0
80,052.6
5,790.2
52.6
5,842.8
22,206.4
344.7
22,551.1
4/
49.8
107,620.3
876.1
108,496.4
2005-IV
80,100.7
763.2
80,863.9
5,802.2
91.6
5,893.8
22,287.4
321.0
22,608.4
...
46.2
108,190.3
1,222.0
109,412.2
2006-I
81,902.6
524.2
82,426.8
5,908.6
30.6
5,939.2
22,757.6
321.7
23,079.3
...
56.3
110,568.7
932.8
111,501.5
2006-II
82,330.8
616.3
82,947.2
5,909.6
60.5
5,970.1
22,834.0
406.1
23,240.1
...
53.0
111,074.4
1,136.0
112,210.4
2006-III
82,989.4
409.4
83,398.8
5,914.6
50.2
5,964.8
22,861.1
359.6
23,220.7
...
49.9
111,765.1
869.1
112,634.2
2006-IV
83,571.5
797.2
84,368.7
5,932.6
91.9
6,024.5
22,958.4
342.8
23,301.2
...
46.2
112,462.5
1,278.2
113,740.7
2007-I
85,701.5
585.1
86,286.6
6,058.2
34.1
6,092.3
23,504.0
336.2
23,840.2
...
56.3
115,263.7
1,011.7
116,275.4
2007-II
86,224.5
687.1
86,911.6
6,062.7
67.5
6,130.1
23,598.0
424.5
24,022.5
...
53.0
115,885.1
1,232.2
117,117.3
2007-III
86,994.7
456.9
87,451.6
6,070.8
56.0
6,126.7
23,638.7
375.8
24,014.5
...
49.9
116,704.2
938.6
117,642.7
2007-IV
87,696.7
880.4
88,577.1
6,092.8
102.0
6,194.8
23,756.3
359.9
24,116.3
...
46.2
117,545.9
1,388.5
118,934.4
2008-I
90,459.5
649.3
91,108.8
6,256.4
37.9
6,294.3
24,457.2
350.9
24,808.1
...
56.2
121,173.1
1,094.3
122,267.4
2008-II
91,086.6
761.9
91,848.6
6,265.4
74.8
6,340.2
24,568.1
443.3
25,011.4
...
53.0
121,920.1
1,333.1
123,253.2
2008-III
91,988.7
506.9
92,495.7
6,277.8
62.1
6,339.9
24,621.7
392.3
25,014.0
...
49.8
122,888.2
1,011.2
123,899.3
2008-IV
92,845.9
970.5
93,816.4
6,305.4
112.7
6,418.2
24,760.1
377.7
25,137.8
...
46.2
123,911.4
1,507.1
125,418.5
2009-I
95,993.5
742.8
96,736.3
6,487.7
43.3
6,531.0
25,531.4
366.6
25,898.0
...
56.2
128,012.6
1,209.0
129,221.5
2009-II
96,812.5
869.4
97,681.9
6,507.0
85.5
6,592.4
25,660.4
463.3
26,123.7
...
52.9
128,979.9
1,471.1
130,450.9
2009-III
97,942.7
579.9
98,522.6
6,529.8
71.1
6,600.9
25,730.4
409.8
26,140.2
...
49.8
130,202.9
1,110.6
131,313.5
2009-IV
99,061.6
1,079.9
100,141.5
6,569.4
127.0
6,696.3
25,892.7
396.7
26,289.3
...
46.2
131,523.6
1,649.8
133,173.4
2010-I
102,575.2
759.3
103,334.5
6,767.4
44.3
6,811.7
26,714.0
380.4
27,094.4
...
56.2
136,056.6
1,240.1
137,296.7
2010-II
103,493.4
893.0
104,386.4
6,790.1
87.6
6,877.7
26,857.1
480.9
27,338.0
...
52.9
137,140.5
1,514.4
138,655.0
2010-III
104,768.5
592.8
105,361.2
6,816.9
72.6
6,889.5
26,940.5
425.2
27,365.7
...
49.8
138,525.8
1,140.4
139,666.2
2010-IV
106,079.8
1,161.4
107,241.2
6,861.1
133.6
6,994.7
27,120.6
414.3
27,534.8
...
46.1
140,061.4
1,755.4
141,816.8
2011-I
109,934.7
924.3
110,859.0
7,070.4
53.9
7,124.3
27,991.0
397.1
28,388.1
...
56.1
144,996.1
1,431.4
146,427.5
2011-II
110,961.4
1,079.5
112,041.0
7,096.3
106.2
7,202.5
28,150.7
502.2
28,653.0
...
52.9
146,208.4
1,740.8
147,949.3
2011-III
112,386.6
721.3
113,107.9
7,126.8
88.4
7,215.3
28,250.6
443.9
28,694.5
...
49.7
147,764.0
1,303.4
149,067.4
2011-IV
113,881.7
1,317.0
115,198.7
7,175.5
156.2
7,331.7
28,451.7
435.0
28,886.7
...
46.1
149,508.9
1,954.3
151,463.2
2012-I
118,110.9
1,010.3
119,121.3
7,396.8
58.9
7,455.7
29,379.0
414.6
29,793.7
...
56.1
154,886.7
1,540.0
156,426.7
2012-II
119,305.0
1,180.4
120,485.4
7,425.6
116.1
7,541.7
29,565.0
524.6
30,089.6
...
52.8
156,295.5
1,874.0
158,169.6
2012-III
120,937.8
788.4
121,726.2
7,459.9
96.7
7,556.6
29,691.9
463.5
30,155.4
...
49.7
158,089.6
1,398.3
159,487.8
2012-IV
122,665.9
1,445.2
124,111.1
7,513.5
171.1
7,684.6
29,926.2
457.1
30,383.3
...
46.1
160,105.6
2,119.5
162,225.1
2013-I
127,306.2
1,100.3
128,406.5
7,746.6
64.2
7,810.8
30,921.4
431.9
31,353.2
...
56.0
165,974.2
1,652.4
167,626.5
2013-II
128,604.5
1,286.3
129,890.8
7,775.8
126.5
7,902.3
31,129.7
546.7
31,676.4
...
52.8
167,510.0
2,012.2
169,522.2
2013-III
130,393.4
858.6
131,252.0
7,811.1
105.3
7,916.3
31,279.6
482.7
31,762.4
...
49.7
169,484.1
1,496.2
170,980.3
2013-IV
132,320.3
1,584.0
133,904.3
7,866.7
187.0
8,053.7
31,542.2
479.4
32,021.5
...
46.1
171,729.2
2,296.4
174,025.6
2014-I
137,353.9
1,171.4
138,525.3
8,109.4
68.4
8,177.7
32,605.0
449.7
33,054.6
...
56.0
178,068.3
1,745.5
179,813.8
2014-II
138,709.3
1,372.3
140,081.5
8,137.1
134.8
8,271.9
32,835.4
569.5
33,404.9
...
52.8
179,681.7
2,129.4
181,811.1
2014-III
140,606.0
914.1
141,520.1
8,171.7
112.1
8,283.7
33,008.3
502.6
33,510.9
...
49.7
181,785.9
1,578.4
183,364.3
2014-IV
142,676.5
1,724.2
144,400.7
8,227.3
201.6
8,428.9
33,297.9
502.7
33,800.7
...
46.0
184,201.7
2,474.6
186,676.3

1Adjusted for amounts paid to dually-entitled beneficiaries (retired worker current-payment amount less the amount of reduced secondary benefits).

2Adjusted for amounts paid to dually-entitled beneficiaries (dependents of retired workers current-payment amount plus the amount of reduced spouse benefits).

3Adjusted for amounts paid to dually-entitled beneficiaries (survivors of deceased workers current-payment amount plus the amount of reduced widow(er) and parent benefits).

4Less than $50,000.

Sources:

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

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