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

E. OLD-AGE AND SURVIVORS INSURANCE BENEFIT PAYMENTS

Table III.E12—Current-Payment Benefits to Retired Workers
(Calendar years 1975-2000, and calendar quarters 2001-10)
[Numbers in thousands, amounts in millions]
Calendar
period
Male retired workers
Female retired workers
Total retired workers
In current-payment
status at
midpoint of period
Total
current-payment
benefits during period
In current-payment
status at
midpoint of period
Total
current-payment
benefits during period
In current-payment
status at
midpoint of period
Total
current-payment
benefits during period
  Number
  Average
benefit
  Rate
  Amount
  Number
  Average
benefit
  Rate
  Amount
  Number
  Average
benefit
  Rate
  Amount
1975
8,980.5
$216.72
11.998
$23,351.4
7,229.8
$173.28
12.031
$15,071.2
16,210.3
$197.35
12.011
$38,422.6
1976
9,247.6
237.19
12.028
26,382.8
7,541.4
188.99
12.020
17,131.7
16,788.9
215.54
12.025
43,514.5
1977
9,512.1
257.41
12.037
29,472.5
7,868.2
204.29
12.030
19,336.3
17,380.3
233.37
12.034
48,808.8
1978
9,732.1
279.38
12.075
32,831.7
8,191.8
220.55
12.056
21,782.0
17,923.9
252.50
12.067
54,613.7
1979
10,024.2
309.04
12.023
37,247.0
8,565.8
242.95
12.017
25,006.8
18,590.0
278.59
12.021
62,253.8
1980
10,278.5
352.97
12.030
43,644.3
8,889.1
276.16
12.028
29,526.9
19,167.6
317.35
12.029
73,171.1
1981
10,571.8
405.57
12.022
51,544.9
9,220.1
315.38
12.023
34,960.1
19,791.9
363.56
12.022
86,505.0
1982
10,853.5
449.62
12.030
58,707.4
9,538.8
347.86
12.023
39,894.8
20,392.2
402.02
12.027
98,602.2
1983
11,194.1
473.71
12.006
63,662.8
9,866.2
363.98
12.009
43,125.5
21,060.2
422.30
12.007
106,788.3
1984
11,431.5
497.06
12.021
68,302.5
10,156.8
380.85
12.016
46,480.6
21,588.3
442.39
12.019
114,783.2
1985
11,665.3
520.02
12.021
72,919.1
10,442.4
398.04
12.013
49,931.5
22,107.7
462.40
12.017
122,850.6
1986
11,920.2
540.54
12.021
77,452.4
10,726.7
413.54
12.012
53,284.6
22,646.9
480.39
12.017
130,737.1
1987
12,185.7
552.29
12.010
80,824.8
11,009.8
422.01
12.005
55,778.3
23,195.5
490.45
12.008
136,603.1
1988
12,387.8
580.00
12.003
86,242.2
11,244.3
442.91
12.000
59,764.5
23,632.1
514.77
12.002
146,006.7
1989
12,591.3
607.68
12.002
91,829.6
11,470.0
463.95
11.999
63,854.9
24,061.3
539.16
12.001
155,684.4
1990
12,835.1
641.33
12.003
98,804.3
11,713.1
489.59
11.999
68,810.1
24,548.2
568.93
12.001
167,614.3
1991
13,086.0
681.14
12.000
106,959.6
11,939.3
519.93
11.998
74,480.9
25,025.3
604.23
11.999
181,440.5
1992
13,327.3
711.22
11.998
113,718.8
12,152.9
543.04
11.998
79,178.1
25,480.1
631.01
11.998
192,896.9
1993
13,535.4
737.18
12.005
119,784.0
12,344.2
563.33
12.005
83,478.5
25,879.6
654.26
12.005
203,262.5
1994
13,686.3
760.98
12.006
125,039.0
12,504.7
582.26
12.003
87,394.8
26,191.0
675.65
12.005
212,433.7
1995
13,829.9
786.94
12.007
130,674.5
12,662.7
602.87
12.005
91,643.4
26,492.6
698.96
12.006
222,317.8
1996
13,932.7
811.85
12.009
135,840.1
12,789.9
623.01
12.008
95,681.2
26,722.7
721.47
12.009
231,521.3
1997
14,044.9
839.87
11.999
141,534.3
12,936.2
645.70
12.034
100,516.8
26,981.1
746.77
12.013
242,051.2
1998
14,139.2
862.43
11.998
146,306.8
13,219.1
664.42
11.994
105,346.9
27,358.2
766.76
11.997
251,653.7
1999
14,236.8
879.52
12.000
150,253.2
13,360.7
678.09
11.999
108,707.5
27,597.5
782.00
11.999
258,960.7
2000
14,649.0
911.64
11.912
159,084.0
13,627.6
701.08
11.959
114,252.4
28,276.6
810.16
11.932
273,336.4
2001-I
14,767.3
951.38
3.000
42,147.9
13,729.3
729.91
3.000
30,063.5
28,496.6
844.68
3.000
72,211.4
2001-II
14,798.1
953.07
3.000
42,311.0
13,767.8
731.41
3.000
30,209.9
28,565.9
846.24
3.000
72,520.9
2001-III
14,859.1
955.06
3.000
42,573.9
13,838.4
733.21
3.000
30,439.3
28,697.5
848.08
3.000
73,013.2
2001-IV
14,893.2
957.33
3.000
42,773.0
13,886.1
735.15
3.000
30,625.3
28,779.3
850.13
3.000
73,398.2
2002-I
14,888.7
986.27
3.000
44,053.2
13,889.6
757.13
3.000
31,548.8
28,778.3
875.68
3.000
75,602.0
2002-II
14,939.8
988.32
3.000
44,295.8
13,925.3
758.69
3.000
31,694.9
28,865.1
877.54
3.000
75,990.8
2002-III
15,013.0
990.66
3.000
44,618.4
13,996.6
760.55
3.000
31,935.2
29,009.6
879.64
3.000
76,553.6
2002-IV
15,042.2
993.30
3.000
44,824.2
14,051.2
762.56
3.000
32,144.5
29,093.3
881.86
3.000
76,968.6
2003-I
15,036.1
1,024.51
3.000
46,213.7
14,058.4
786.13
3.000
33,155.0
29,094.4
909.32
3.000
79,368.8
2003-II
15,093.1
1,026.59
3.000
46,483.5
14,093.1
787.77
3.000
33,306.6
29,186.3
911.27
3.000
79,790.1
2003-III
15,169.8
1,028.98
3.000
46,828.2
14,165.9
789.73
3.000
33,561.8
29,335.6
913.45
3.000
80,390.0
2003-IV
15,196.2
1,031.68
3.000
47,032.7
14,225.4
791.85
3.000
33,793.4
29,421.6
915.72
3.000
80,826.1
2004-I
15,195.4
1,065.07
3.000
48,552.6
14,237.9
817.10
3.000
34,901.5
29,433.2
945.12
3.000
83,454.0
2004-II
15,275.3
1,067.16
3.000
48,903.5
14,279.7
818.70
3.000
35,072.3
29,555.0
947.11
3.000
83,975.8
2004-III
15,368.6
1,069.57
3.000
49,313.3
14,362.1
820.62
3.000
35,357.2
29,730.6
949.31
3.000
84,670.5
2004-IV
15,398.2
1,072.30
3.000
49,534.4
14,435.2
822.70
3.000
35,627.5
29,833.4
951.53
3.000
85,161.9
2005-I
15,403.9
1,108.05
3.000
51,204.6
14,458.2
849.64
3.000
36,852.6
29,862.0
982.93
3.000
88,057.2
2005-II
15,498.6
1,110.26
3.000
51,622.3
14,506.5
851.17
3.000
37,042.6
30,005.1
985.00
3.000
88,664.9
2005-III
15,603.5
1,112.80
3.000
52,091.0
14,597.9
853.04
3.000
37,357.8
30,201.4
987.25
3.000
89,448.8
2005-IV
15,637.0
1,115.68
3.000
52,337.8
14,683.4
855.09
3.000
37,666.9
30,320.5
989.48
3.000
90,004.8
2006-I
15,643.3
1,154.06
3.000
54,160.0
14,714.4
883.87
3.000
39,016.6
30,357.6
1,023.10
3.000
93,176.6
2006-II
15,734.0
1,156.50
3.000
54,589.4
14,763.8
885.48
3.000
39,219.3
30,497.9
1,025.30
3.000
93,808.7
2006-III
15,839.5
1,159.29
3.000
55,088.0
14,857.7
887.45
3.000
39,556.3
30,697.2
1,027.72
3.000
94,644.3
2006-IV
15,881.4
1,162.43
3.000
55,382.8
14,946.9
889.60
3.000
39,890.2
30,828.3
1,030.15
3.000
95,273.0
2007-I
15,890.3
1,203.78
3.000
57,385.5
14,980.9
920.46
3.000
41,367.9
30,871.2
1,066.29
3.000
98,753.4
2007-II
15,974.8
1,206.64
3.000
57,827.5
15,034.6
922.19
3.000
41,594.3
31,009.3
1,068.73
3.000
99,421.9
2007-III
16,082.3
1,209.86
3.000
58,372.1
15,134.2
924.30
3.000
41,965.4
31,216.4
1,071.42
3.000
100,337.5
2007-IV
16,141.2
1,213.45
3.000
58,759.6
15,230.6
926.59
3.000
42,337.6
31,371.8
1,074.18
3.000
101,097.2
2008-I
16,168.2
1,256.88
3.000
60,964.2
15,274.7
958.74
3.000
43,933.3
31,442.8
1,112.04
3.000
104,897.5
2008-II
16,274.7
1,260.00
3.000
61,518.3
15,346.6
960.45
3.000
44,219.0
31,621.4
1,114.62
3.000
105,737.3
2008-III
16,406.2
1,263.49
3.000
62,187.4
15,468.6
962.54
3.000
44,667.5
31,874.8
1,117.44
3.000
106,854.9
2008-IV
16,491.1
1,267.37
3.000
62,700.9
15,593.5
964.83
3.000
45,135.3
32,084.6
1,120.33
3.000
107,836.2
2009-I
16,544.6
1,312.90
3.000
65,164.3
15,662.8
998.20
3.000
46,903.9
32,207.4
1,159.86
3.000
112,068.2
2009-II
16,682.1
1,316.42
3.000
65,881.6
15,756.9
999.85
3.000
47,263.8
32,439.0
1,162.65
3.000
113,145.5
2009-III
16,847.5
1,320.33
3.000
66,732.7
15,906.5
1,001.91
3.000
47,810.5
32,754.0
1,165.69
3.000
114,543.2
2009-IV
16,970.0
1,324.63
3.000
67,437.2
16,067.3
1,004.17
3.000
48,402.8
33,037.4
1,168.78
3.000
115,840.0
2010-I
17,035.0
1,372.37
3.000
70,135.1
16,159.5
1,038.83
3.000
50,361.1
33,194.5
1,210.00
3.000
120,496.3
2010-II
17,136.0
1,375.97
3.000
70,736.0
16,254.8
1,040.62
3.000
50,745.0
33,390.8
1,212.72
3.000
121,481.0
2010-III
17,290.0
1,379.97
3.000
71,579.2
16,407.8
1,042.82
3.000
51,330.9
33,697.8
1,215.81
3.000
122,910.2
2010-IV
17,448.2
1,384.40
3.000
72,465.8
16,573.4
1,045.23
3.000
51,969.1
34,021.7
1,219.17
3.000
124,434.8

Sources:

Number and average benefit in current-payment status at midpoint of period computed from corresponding figures shown earlier for number and average benefit in current-payment status at end of period.

Historical rate computed by dividing amount during period by product of number and average benefit in current-payment status at midpoint of period. Future rates projected based on historical trend.

Historical amount from 1-A Table Current-Payment Supplement; future amounts computed by applying rate to number and average benefit in current-payment status at midpoint of period.

Total amount computed by addition of male and female amounts.

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


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December 26, 2001