Social Security

Scheduled vs. Payable Benefits

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, 2030–2070^a

In 2012 dollars

SOURCE: Modeling Income in the Near Term, Version 6 (MINT6) microsimulation model using 2011 Trustees Report intermediate assumptions.

Difference Between Scheduled and Payable Benefits, 2012–2080^a

SOURCE: Assumptions from the 2011 Trustees Report.

Poverty Rate, 2012–2080^a

SOURCE: Modeling Income in the Near Term, Version 6 (MINT6) microsimulation model using 2011 Trustees Report intermediate assumptions.