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.E26—Non-Current-Payment Benefits to Survivors of Deceased Workers,
Other Than Benefits Due to AERO
(Calendar years 1975-2010)
[Numbers in thousands, amounts in millions]
Year
Awards to survivors during year
  Benefit increase
factor
  All other
factors
  Non-current-
payment benefits
other than AERO
  Number
  Average benefit
1975
1,085.6
$161.62
0.9615
2.9965
$505.5
1976
1,078.7
176.25
.9690
2.7681
510.0
1977
1,149.5
190.89
.9713
2.8150
600.0
1978
1,081.5
208.28
.9685
2.0010
436.6
1979
1,101.3
232.45
.9528
1.4749
359.8
1980
1,098.9
267.36
.9333
1.2001
329.1
1981
1,114.5
295.37
.9470
1.5496
483.1
1982
1,055.3
320.17
.9643
1.2328
401.7
1983
965.6
340.62
.9662
1.8685
593.8
1984
925.3
362.13
.9662
1.4021
453.9
1985
910.1
381.39
.9699
1.4259
480.1
1986
883.6
393.68
.9872
1.1927
409.6
1987
847.6
415.27
.9597
1.1518
389.1
1988
843.1
435.26
.9615
1.1829
417.4
1989
811.5
460.16
.9551
1.2328
439.7
1990
807.8
487.12
.9488
1.3197
492.7
1991
825.4
503.78
.9643
1.3333
534.6
1992
831.0
518.75
.9709
1.3405
561.0
1993
832.8
533.83
.9747
1.6144
699.6
1994
823.6
550.53
.9728
1.5835
698.4
1995
802.5
568.65
.9747
1.8594
827.0
1996
787.9
590.57
.9718
1.6808
760.0
1997
779.8
607.13
.9794
2.1537
998.7
1998
779.9
618.58
.9872
2.2499
1,071.5
1999
805.9
635.50
.9766
2.0260
1,013.3
2000
841.5
652.95
.9662
2.0653
1,096.4
2001
791.1
672.96
.9728
2.0000
1,035.7
2002
801.4
703.34
.9718
2.0000
1,095.6
2003
796.2
732.27
.9709
2.0000
1,132.1
2004
799.5
766.56
.9699
2.0000
1,188.8
2005
794.4
802.41
.9690
2.0000
1,235.4
2006
806.2
839.93
.9681
2.0000
1,311.0
2007
824.9
882.61
.9681
2.0000
1,409.6
2008
835.4
925.13
.9681
2.0000
1,496.4
2009
840.1
970.01
.9681
2.0000
1,577.7
2010
830.3
1,015.49
.9681
2.0000
1,632.6

Sources:

· Number and average benefit shown earlier.

· Benefit increase factor computed as 1 divided by sum of (a) 1, and (b) general benefit increase occurring in that period times number of months for which that increase did not apply divided by 12 (for years) or 3 (for quarters).

· All other factors computed historically by dividing (a) non-current-payment benefits by (b) number of awards times average benefit times benefit increase factor.

· Historical total non-current-payment benefits other than benefits due to AERO computed by subtracting current-payment benefits (shown earlier) and benefits due to AERO from total benefits from Treasury Statement of Account. Future non-current-payment benefits other than benefits due to AERO computed as number of awards times average benefit times benefit increase factor times all other factors.

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

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December 26, 2001