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.E11—Average Monthly Benefit to Special Age-72 Beneficiaries
In Current-Payment Status
(End of calendar years 1975-2010)
Year
  Special age-72 PIA
Average benefit
  Ratio to PIA
  Amount
1975
$69.60
0.9874
$68.72
1976
74.10
.9884
73.24
1977
78.50
.9897
77.69
1978
83.70
.9912
82.96
1979
92.00
.9917
91.24
1980
105.20
.9925
104.41
1981
117.00
.9931
116.19
1982
125.60
.9932
124.75
1983
129.90
.9962
129.40
1984
134.40
.9971
134.01
1985
138.50
.9975
138.15
1986
140.30
.9954
139.65
1987
146.10
.9949
145.35
1988
151.90
.9941
151.00
1989
159.00
.9943
158.10
1990
167.50
.9947
166.62
1991
173.60
.9945
172.64
1992
178.80
.9942
177.76
1993
183.40
.9952
182.52
1994
188.50
.9929
187.16
1995
193.40
.9925
191.94
1996
199.00
.9913
197.27
1997
203.10
.9914
201.35
1998
205.70
.9903
203.71
1999
210.60
.9946
209.46
2000
217.90
.9964
217.11
2001
224.00
.9970
223.32
2002
230.40
.9971
229.73
2003
237.30
.9972
236.63
2004
244.60
.9972
243.93
2005
252.40
.9973
251.72
2006
260.70
.9974
260.02
2007
269.30
.9975
268.62
2008
278.10
.9975
277.42
2009
287.20
.9976
286.51
2010
296.60
.9977
295.91

Sources:

· Historical PIAs from SSA administrative records or from 1-A Table In Force Supplement; future PIAs projected by applying benefit increase.

· Historical ratios of benefit to PIA computed by dividing corresponding figures; future ratios projected based on historical trend.

· Historical average monthly benefits from 1-A Table Current-Payment Supplement; future figures computed by multiplying ratio of average benefit to PIA, by PIA.

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

Contents Glossary

List of Studies
December 26, 2001