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.E18—Current-Payment Benefits to OASI Children
(Calendar years 1975-2000, and calendar quarters 2001-10)
[Numbers in thousands, amounts in millions]
Calendar
period
Total children of retired workers
Total children of deceased workers
Total OASI children
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
608.8
$74.52
12.834
$582.3
2,929.4
$132.96
11.761
$4,580.7
3,538.2
$122.91
11.873
$5,163.0
1976
652.2
83.22
12.367
671.2
2,897.2
145.16
11.936
5,020.1
3,549.4
133.78
11.986
5,691.3
1977
669.4
88.82
11.886
706.7
2,845.7
158.62
12.108
5,465.3
3,515.1
145.33
12.082
6,172.0
1978
657.3
100.36
12.215
805.7
2,805.6
173.23
11.997
5,830.9
3,462.9
159.40
12.023
6,636.5
1979
647.1
111.99
12.214
885.2
2,742.4
193.43
11.976
6,353.0
3,389.6
177.88
12.005
7,238.2
1980
634.6
129.13
12.286
1,006.8
2,665.1
222.02
12.039
7,123.8
3,299.7
204.15
12.069
8,130.6
1981
637.6
150.74
12.100
1,162.9
2,625.2
255.16
11.932
7,992.8
3,262.7
234.76
11.953
9,155.7
1982
521.0
158.83
13.570
1,122.8
2,201.6
278.17
12.935
7,921.5
2,722.6
255.34
13.010
9,044.4
1983
489.8
167.17
12.897
1,056.1
2,094.7
290.12
12.532
7,615.8
2,584.5
266.81
12.576
8,671.9
1984
477.4
179.52
12.347
1,058.2
2,031.6
303.62
12.188
7,517.8
2,509.0
280.00
12.207
8,576.0
1985
465.9
189.82
12.051
1,065.7
1,970.3
318.45
11.983
7,518.3
2,436.2
293.85
11.991
8,584.0
1986
460.0
200.15
11.910
1,096.6
1,935.5
331.93
11.843
7,608.7
2,395.6
306.62
11.851
8,705.3
1987
454.9
206.48
11.883
1,116.1
1,899.3
338.17
11.853
7,613.0
2,354.2
312.72
11.857
8,729.1
1988
444.8
218.25
11.857
1,151.0
1,861.6
354.04
11.842
7,804.8
2,306.4
327.85
11.844
8,955.9
1989
432.7
230.25
11.858
1,181.6
1,825.7
368.63
11.827
7,960.3
2,258.5
342.12
11.831
9,141.8
1990
428.6
244.43
11.873
1,243.9
1,810.0
385.57
11.838
8,261.8
2,238.7
358.54
11.843
9,505.7
1991
428.3
261.16
11.899
1,331.0
1,808.0
405.97
11.868
8,711.1
2,236.3
378.24
11.872
10,042.1
1992
433.6
274.60
11.893
1,416.1
1,825.1
420.38
11.880
9,114.2
2,258.7
392.39
11.881
10,530.3
1993
438.9
287.26
11.900
1,500.2
1,849.8
432.83
11.866
9,500.7
2,288.7
404.92
11.871
11,000.9
1994
443.9
298.63
11.881
1,574.9
1,877.3
444.15
11.876
9,902.4
2,321.2
416.32
11.877
11,477.3
1995
446.1
311.34
11.896
1,652.3
1,901.6
457.13
11.879
10,326.5
2,347.7
429.43
11.882
11,978.8
1996
446.8
325.16
11.942
1,735.0
1,919.1
473.08
11.918
10,819.8
2,365.9
445.15
11.921
12,554.8
1997
446.7
339.39
11.909
1,805.3
1,920.9
489.26
11.904
11,187.5
2,367.6
460.99
11.904
12,992.8
1998
444.2
351.45
11.914
1,859.9
1,911.7
502.35
11.914
11,441.1
2,355.9
473.90
11.914
13,301.1
1999
443.9
361.20
11.908
1,909.2
1,904.9
512.53
11.904
11,622.0
2,348.7
483.93
11.905
13,531.1
2000
457.5
376.84
11.834
2,040.1
1,897.1
529.49
11.932
11,985.5
2,354.6
499.84
11.917
14,025.6
2001-I
460.2
395.18
3.000
545.6
1,886.7
550.83
3.000
3,117.8
2,346.9
520.31
3.000
3,663.4
2001-II
468.7
396.28
3.000
557.2
1,906.3
552.21
3.000
3,158.1
2,375.0
521.44
3.000
3,715.3
2001-III
464.0
397.30
3.000
553.1
1,870.9
552.37
3.000
3,100.3
2,334.9
521.55
3.000
3,653.3
2001-IV
464.2
398.85
3.000
555.5
1,873.9
553.66
3.000
3,112.5
2,338.2
522.92
3.000
3,668.0
2002-I
466.1
411.71
3.000
575.7
1,889.4
571.60
3.000
3,239.9
2,355.5
539.96
3.000
3,815.6
2002-II
474.4
412.96
3.000
587.7
1,908.6
573.17
3.000
3,281.9
2,383.0
541.28
3.000
3,869.6
2002-III
469.7
414.43
3.000
584.0
1,872.4
573.38
3.000
3,220.7
2,342.1
541.50
3.000
3,804.7
2002-IV
469.7
416.25
3.000
586.5
1,875.0
574.82
3.000
3,233.3
2,344.6
543.05
3.000
3,819.8
2003-I
471.3
430.17
3.000
608.2
1,889.9
594.18
3.000
3,368.7
2,361.2
561.44
3.000
3,977.0
2003-II
479.5
431.48
3.000
620.7
1,908.2
596.01
3.000
3,412.0
2,387.7
562.97
3.000
4,032.7
2003-III
474.6
433.12
3.000
616.6
1,870.6
596.27
3.000
3,346.1
2,345.1
563.25
3.000
3,962.7
2003-IV
474.3
435.04
3.000
619.0
1,872.1
597.92
3.000
3,358.1
2,346.4
564.99
3.000
3,977.2
2004-I
475.7
450.01
3.000
642.3
1,886.5
618.84
3.000
3,502.3
2,362.2
584.84
3.000
4,144.6
2004-II
483.7
451.35
3.000
655.0
1,904.6
620.90
3.000
3,547.8
2,388.4
586.56
3.000
4,202.8
2004-III
478.4
453.11
3.000
650.4
1,866.2
621.17
3.000
3,477.6
2,344.6
586.87
3.000
4,128.0
2004-IV
477.9
455.11
3.000
652.5
1,867.4
622.99
3.000
3,490.2
2,345.3
588.78
3.000
4,142.6
2005-I
479.1
471.20
3.000
677.2
1,881.4
645.57
3.000
3,643.7
2,360.5
610.18
3.000
4,320.9
2005-II
487.0
472.61
3.000
690.4
1,899.0
647.88
3.000
3,691.0
2,386.0
612.11
3.000
4,381.4
2005-III
481.5
474.56
3.000
685.5
1,859.6
648.17
3.000
3,616.0
2,341.1
612.46
3.000
4,301.5
2005-IV
480.8
476.68
3.000
687.5
1,860.2
650.18
3.000
3,628.4
2,341.0
614.55
3.000
4,316.0
2006-I
481.7
493.92
3.000
713.8
1,873.6
674.54
3.000
3,791.6
2,355.4
637.60
3.000
4,505.4
2006-II
489.4
495.11
3.000
726.9
1,890.6
677.06
3.000
3,840.1
2,380.0
639.64
3.000
4,567.0
2006-III
483.5
496.90
3.000
720.7
1,849.8
677.29
3.000
3,758.6
2,333.3
639.91
3.000
4,479.4
2006-IV
482.4
498.84
3.000
721.9
1,849.6
679.45
3.000
3,770.1
2,332.0
642.09
3.000
4,492.0
2007-I
483.1
517.17
3.000
749.5
1,862.4
705.68
3.000
3,942.8
2,345.5
666.85
3.000
4,692.3
2007-II
490.5
518.38
3.000
762.7
1,878.5
708.40
3.000
3,992.2
2,369.0
669.06
3.000
4,754.9
2007-III
484.0
520.23
3.000
755.4
1,835.5
708.54
3.000
3,901.7
2,319.5
669.25
3.000
4,657.0
2007-IV
482.5
522.22
3.000
756.0
1,834.1
710.82
3.000
3,911.1
2,316.6
671.54
3.000
4,667.1
2008-I
483.0
541.44
3.000
784.5
1,846.2
738.36
3.000
4,089.5
2,329.2
697.53
3.000
4,874.0
2008-II
490.0
542.79
3.000
798.0
1,861.6
741.28
3.000
4,139.9
2,351.6
699.91
3.000
4,937.8
2008-III
482.9
544.83
3.000
789.3
1,816.5
741.26
3.000
4,039.4
2,299.4
700.01
3.000
4,828.7
2008-IV
481.0
547.02
3.000
789.4
1,814.0
743.64
3.000
4,046.8
2,295.0
702.43
3.000
4,836.3
2009-I
481.2
567.26
3.000
818.9
1,825.7
772.49
3.000
4,231.0
2,306.9
729.68
3.000
5,050.0
2009-II
488.3
568.78
3.000
833.1
1,841.1
775.55
3.000
4,283.5
2,329.3
732.21
3.000
5,116.6
2009-III
480.9
571.06
3.000
823.8
1,795.2
775.37
3.000
4,175.9
2,276.1
732.20
3.000
4,999.7
2009-IV
478.9
573.48
3.000
824.0
1,792.7
777.82
3.000
4,183.1
2,271.6
734.74
3.000
5,007.1
2010-I
479.1
594.63
3.000
854.6
1,804.4
807.96
3.000
4,373.7
2,283.5
763.21
3.000
5,228.3
2010-II
486.0
595.75
3.000
868.7
1,819.9
811.12
3.000
4,428.5
2,306.0
765.73
3.000
5,297.2
2010-III
478.7
597.68
3.000
858.3
1,774.5
810.87
3.000
4,316.7
2,253.2
765.58
3.000
5,175.0
2010-IV
476.7
599.76
3.000
857.8
1,772.2
813.39
3.000
4,324.5
2,249.0
768.10
3.000
5,182.3

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 dependent and survivor amounts.

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

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December 26, 2001