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.E3—Average Monthly Benefit to Minor, Disabled, and Student Children
of Retired Workers In Current-Payment Status
(End of calendar years 1975-2010)
Year
Average
benefit for
male retired
worker in
current-payment
status
Minor children
Disabled children
Student children
Average
benefit for
total children
of retired workers
Percent
of average
benefit for
male retired
worker
Average
benefit
Percent
of average
benefit for
male retired
worker
Average
benefit
Percent
of average
benefit for
male retired
worker
Average
benefit
1975
$227.75
27.72
$63.13
41.60
$94.75
45.61
$103.88
$77.42
1976
247.70
28.90
71.58
42.18
104.47
46.98
116.37
87.69
1977
268.38
28.44
76.33
41.65
111.79
46.12
123.77
94.27
1978
291.61
29.71
86.64
42.00
122.49
47.55
138.66
105.76
1979
326.75
29.97
97.93
42.14
137.69
48.12
157.24
119.84
1980
380.18
30.25
115.00
42.21
160.47
48.40
184.01
140.50
1981
431.06
30.41
131.07
42.27
182.22
48.86
210.62
161.39
1982
469.59
31.15
146.29
42.39
199.08
38.28
179.74
165.41
1983
494.97
33.01
163.39
42.57
210.73
31.01
153.51
176.09
1984
517.75
33.00
170.86
42.77
221.43
28.98
150.03
185.79
1985
538.37
32.98
177.56
42.97
231.35
43.16
232.38
197.85
1986
549.78
33.25
182.80
43.17
237.34
43.86
241.15
204.10
1987
577.46
33.39
192.81
43.35
250.33
43.75
252.66
216.12
1988
604.85
33.33
201.57
43.54
263.33
43.89
265.44
227.73
1989
638.89
33.47
213.81
43.72
279.33
44.40
283.69
242.33
1990
679.27
33.64
228.53
43.91
298.26
44.29
300.87
259.29
1991
709.34
33.91
240.57
44.11
312.92
43.23
306.67
272.60
1992
735.47
34.31
252.33
44.33
326.03
43.81
322.20
285.20
1993
759.29
34.65
263.11
44.52
338.04
43.91
333.40
296.74
1994
785.24
35.01
274.95
44.71
351.06
44.52
349.55
309.30
1995
810.21
35.39
286.70
44.90
363.78
44.46
360.25
321.48
1996
838.11
36.15
302.99
45.14
378.36
44.71
374.70
337.05
1997
860.47
36.59
314.85
45.31
389.84
45.14
388.40
348.99
1998
876.93
36.98
324.31
45.50
398.99
45.39
398.02
358.37
1999
904.62
37.47
338.93
45.65
412.99
46.13
417.31
372.73
2000
951.05
38.21
363.36
45.61
433.74
46.73
444.39
394.76
2001
985.79
38.52
379.75
45.80
451.54
45.81
451.63
411.19
2002
1,024.02
38.85
397.85
46.02
471.25
45.65
467.42
429.64
2003
1,064.59
39.19
417.22
46.25
492.37
45.67
486.19
449.47
2004
1,107.53
39.53
437.84
46.49
514.92
45.74
506.64
470.64
2005
1,153.48
39.88
459.99
46.75
539.24
45.83
528.69
493.43
2006
1,203.07
40.00
481.23
47.03
565.78
45.88
552.02
516.68
2007
1,256.09
40.00
502.44
47.33
594.50
45.89
576.42
540.88
2008
1,311.99
40.00
524.80
47.65
625.13
45.88
602.00
566.64
2009
1,371.45
40.00
548.58
47.98
658.00
45.89
629.40
594.15
2010
1,433.27
40.00
573.31
48.00
687.97
45.91
658.00
621.05

Sources:

· Average benefit for male retired worker shown earlier.

· Historical benefit percentages computed by dividing average MBA for minor, disabled, or student children by average benefit for male retired worker; future MBA percentage projected by regression, based on family size factor, with ad hoc adjustments.

· Historical average monthly benefit in current-payment status from 1-A Table Current-Payment Supplement; future average benefit calculated by applying corresponding percentage to applicable average benefit for retired workers.

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

Contents Glossary

List of Studies
December 26, 2001