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

C. AVERAGE BENEFIT AT AWARD

Table III.C4—Average Monthly Benefit Awarded to Retired Workers
(Calendar years 1975-2010)
Year
Average monthly benefit 1
  Ratio of
female benefit
to male benefit
  Male
  Female
  Total
1975
$239.67
$173.12
$213.00
0.7223
1976
265.10
186.60
233.13
.7039
1977
291.30
201.50
254.46
.6917
1978
323.10
217.90
278.78
.6744
1979
369.70
244.50
317.40
.6613
1980
425.00
276.10
363.09
.6496
1981
469.80
305.90
402.07
.6511
1982
486.90
309.00
412.60
.6346
1983
496.87
316.36
421.75
.6367
1984
506.81
321.62
429.16
.6346
1985
525.65
331.84
445.04
.6313
1986
543.30
339.72
458.80
.6253
1987
576.99
358.15
485.47
.6207
1988
603.71
373.12
507.13
.6180
1989
643.89
396.53
540.58
.6158
1990
688.99
424.23
579.01
.6157
1991
717.47
441.25
604.31
.6150
1992
743.36
459.62
626.34
.6183
1993
765.84
479.04
646.82
.6255
1994
792.99
498.74
668.94
.6289
1995
815.15
518.80
689.06
.6364
1996
844.35
539.32
713.41
.6387
1997
872.45
592.00
738.23
.6785
1998
893.89
584.57
754.31
.6540
1999
940.03
613.82
795.43
.6530
2000
1,023.53
665.29
869.43
.6500
2001
1,061.30
689.51
892.62
.6497
2002
1,115.24
722.84
939.37
.6481
2003
1,152.49
751.38
972.89
.6520
2004
1,186.99
774.13
1,001.52
.6522
2005
1,233.56
797.68
1,036.68
.6467
2006
1,292.31
831.21
1,083.41
.6432
2007
1,363.75
870.20
1,139.42
.6381
2008
1,421.38
905.13
1,184.22
.6368
2009
1,486.78
940.72
1,234.64
.6327
2010
1,551.98
980.77
1,287.12
.6319

1 For each year, benefit amounts awarded before the annual benefit increase are converted to post-increase rates before computation of the average monthly benefit.

Sources:

· Historical average monthly benefit amount awarded from 1-A Table Awards Supplement; future amounts based on results of simulated sample of future awards.

· Future benefit as percentage of male amount computed by dividing corresponding columns.

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

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December 26, 2001