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Program Explainers

  1. Scheduled vs.
    Payable Benefits
  2. Special
    Minimum Benefit
  3. Why Will Poverty Decline
    for Beneficiaries?

Scheduled vs. Payable Benefits

Released: April 2012
Next expected update: Summer 2014

DEFINITIONS:

  • Scheduled benefits are benefits specified under current law without regard to the balances in the Social Security trust funds.
  • Payable benefits are what can be paid to all beneficiaries after trust fund exhaustion, currently projected to occur in 2036.
Average (Median) Monthly Benefit, 2030–2070a
In 2012 dollars
Bar chart linked to data in table format.
SOURCE: Modeling Income in the Near Term, Version 6 (MINT6) microsimulation model using 2011 Trustees Report intermediate assumptions.
Difference Between Scheduled and Payable Benefits, 2012–2080a
Line chart linked to data in table format.
SOURCE: Assumptions from the 2011 Trustees Report.
Poverty Rate, 2012–2080a
Line chart linked to data in table format.
SOURCE: Modeling Income in the Near Term, Version 6 (MINT6) microsimulation model using 2011 Trustees Report intermediate assumptions.
a. All projections are for beneficiaries aged 60 or older.