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




 

II. ASSUMPTIONS

Table II.4—Selected OASDI Program Amounts Determined Under the Automatic-Adjustment Provisions
(Calendar years 1978-2010)
Calendar year
AIME "bend points" in PIA formula
PIA "bend points" in maximum-family-benefit formula
  Earnings
required for a
quarter of
coverage 1
  "Old-law"
contribution
and benefit
base 2
  First
  Second
  First
  Second
  Third
1978
4 $250
1979
4 $180
4 $1,085
4 $230
4 $332
4 $433
260
$18,900
1980
194
1,171
248
358
467
290
20,400
1981
211
1,274
270
390
508
310
22,200
1982
230
1,388
294
425
554
340
24,300
1983
254
1,528
324
468
610
370
26,700
1984
267
1,612
342
493
643
390
28,200
1985
280
1,691
358
517
675
410
29,700
1986
297
1,790
379
548
714
440
31,500
1987
310
1,866
396
571
745
460
32,700
1988
319
1,922
407
588
767
470
33,600
1989
339
2,044
433
626
816
500
35,700
1990
356
2,145
455
656
856
520
38,100
1991
370
2,230
473
682
890
540
39,600
1992
387
2,333
495
714
931
570
41,400
1993
401
2,420
513
740
966
590
42,900
1994
422
2,545
539
779
1,016
620
45,000
1995
426
2,567
544
785
1,024
630
45,300
1996
437
2,635
559
806
1,052
640
46,500
1997
455
2,741
581
839
1,094
670
48,600
1998
477
2,875
609
880
1,147
700
50,700
1999
505
3,043
645
931
1,214
740
53,700
2000
531
3,202
679
980
1,278
780
56,700
2001
561
3,381
717
1,034
1,349
830
59,700
2002
591
3,562
755
1,090
1,421
870
63,000
2003
620
3,737
792
1,143
1,491
910
66,000
2004
649
3,914
830
1,198
1,562
960
69,300
2005
677
4,081
865
1,249
1,629
1,000
72,300
2006
706
4,257
902
1,303
1,699
1,040
75,300
2007
737
4,443
942
1,359
1,773
1,090
78,600
2008
769
4,638
983
1,419
1,851
1,130
81,900
2009
802
4,835
1,025
1,479
1,929
1,180
85,500
2010
836
5,039
1,068
1,542
2,011
1,230
89,100

1 See Glossary for a description of quarter-of-coverage requirements prior to 1978.

2 Contribution and benefit base that would have been determined automatically under the law in effect prior to enactment of the Social Security Amendments of 1977. The bases for years after 1989 were increased slightly through the effect of a new procedure to determine the base, as required by Public Law 101-239.

3 No provision in law for this amount in this year.

4 Amount specified for first year by Social Security Amendments of 1977; amounts for subsequent years subject to automatic-adjustment provisions.

Sources:

Historical figures published in various issues of the Federal Register.

Figures for 2002 and later based on average amount of total wages.

Note: Future estimates based on 2001 Trustees Report intermediate set of assumptions. See tables V.A4 and V.B4 for low-cost and high-cost alternatives, respectively.


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December 26, 2001