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.E25—Non-Current-Payment Benefits to Retired Workers and Dependents
(Calendar years 1975-2010)
[Amounts in millions]
Year
Non-current-payment benefits to
retired workers and dependents
Retired workers
Spouses of retired workers
Children of retired workers
  Other than
AERO
  AERO
  Total
  Ratio to
total amount
  Amount
  Ratio to
total amount
  Amount
  Ratio to
total amount
  Amount
1975
$868.1
$141.9
$1,010.0
0.8463
$854.7
0.1026
$103.6
0.0511
$51.6
1976
939.1
224.7
1,132.4
.8467
958.8
.0963
109.1
.0570
64.5
1977
1,123.9
188.1
1,273.9
.8007
1,020.0
.1029
131.1
.0965
122.9
1978
701.7
160.0
814.8
.7483
609.8
.1101
89.7
.1416
115.3
1979
642.5
196.7
763.5
.7264
554.6
.1043
79.7
.1693
129.2
1980
515.7
47.2
562.9
.6925
389.8
.0673
37.9
.2403
135.2
1981
899.1
431.4
1,330.6
.8031
1,068.6
.0780
103.8
.1189
158.2
1982
601.3
886.2
1,487.5
.8408
1,250.7
.0916
136.2
.0676
100.6
1983
1,220.8
1,268.3
2,489.2
.8654
2,154.1
.0998
248.4
.0348
86.7
1984
627.9
888.5
1,516.4
.8599
1,303.9
.0897
136.1
.0504
76.4
1985
357.7
645.8
1,001.2
.7758
776.7
.1505
150.7
.0737
73.8
1986
179.9
567.7
747.7
.7343
549.0
.1730
129.3
.0928
69.4
1987
74.9
467.2
542.0
.6724
364.4
.2045
110.8
.1231
66.7
1988
212.1
359.6
571.6
.7264
415.2
.1547
88.4
.1190
68.0
1989
416.5
588.0
1,004.5
.8091
812.7
.1233
123.8
.0676
67.9
1990
601.2
408.3
1,009.5
.8087
816.5
.1199
121.0
.0714
72.1
1991
574.4
361.6
936.0
.7985
747.4
.1222
114.4
.0793
74.2
1992
616.1
347.7
963.8
.7965
767.6
.1224
118.0
.0811
78.2
1993
357.0
350.6
707.6
.9257
655.1
-.0141
-10.0
.0884
62.5
1994
309.5
298.7
608.1
.9309
566.1
-.0331
-20.1
.1022
62.1
1995
459.7
341.8
801.5
.9563
766.4
-.0342
-27.4
.0779
62.4
1996
547.5
286.6
834.1
.9556
797.1
-.0320
-26.7
.0764
63.7
1997
1,390.5
295.3
1,685.8
.9446
1,592.5
.0101
17.1
.0452
76.2
1998
1,595.4
329.7
1,925.0
.9364
1,802.5
.0219
42.1
.0418
80.4
1999
1,317.8
302.2
1,619.9
.9355
1,515.4
.0135
21.9
.0510
82.6
2000
3,173.9
380.0
3,553.9
.9430
3,351.2
.0309
109.7
.0262
93.0
2001
1,512.3
317.2
1,829.5
.9360
1,712.3
.0122
22.3
.0519
94.9
2002
1,656.7
330.5
1,987.3
.9359
1,859.8
.0119
23.6
.0522
103.8
2003
1,738.5
344.4
2,082.9
.9359
1,949.3
.0118
24.7
.0523
108.9
2004
1,898.0
358.9
2,256.9
.9358
2,112.0
.0116
26.1
.0526
118.8
2005
2,053.8
374.0
2,427.7
.9357
2,271.7
.0114
27.6
.0529
128.4
2006
2,180.6
389.7
2,570.3
.9357
2,405.1
.0113
29.0
.0530
136.3
2007
2,358.3
406.0
2,764.3
.9357
2,586.4
.0111
30.6
.0533
147.2
2008
2,698.7
423.1
3,121.8
.9355
2,920.5
.0106
33.1
.0539
168.1
2009
3,156.9
440.9
3,597.8
.9354
3,365.3
.0101
36.2
.0545
196.2
2010
3,332.9
459.4
3,792.3
.9354
3,547.2
.0100
38.0
.0546
207.1

Sources:

· Non-current-payment benefits other than AERO shown earlier.

· Historical AERO benefits from unpublished monthly report generated at time of AERO computer run; future AERO benefits projected based on historical trend and judgment, taking into account length of time from end of year of earnings to point of recomputation.

· Historical ratios and amounts of non-current-payment benefits by type of beneficiary prepared by the Office of the Chief Actuary. Future ratios projected based on historical trend and judgment. Future amounts computed by applying corresponding ratio to total amount for retired workers and dependents.

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

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December 26, 2001