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. |
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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 |
|
Percent of average benefit for male retired worker |
|
Percent of average benefit for male retired worker |
|
|
$227.75 |
27.72 |
$63.13 |
41.60 |
$94.75 |
45.61 |
$103.88 |
$77.42 |
|
247.70 |
28.90 |
71.58 |
42.18 |
104.47 |
46.98 |
116.37 |
87.69 |
|
268.38 |
28.44 |
76.33 |
41.65 |
111.79 |
46.12 |
123.77 |
94.27 |
|
291.61 |
29.71 |
86.64 |
42.00 |
122.49 |
47.55 |
138.66 |
105.76 |
|
326.75 |
29.97 |
97.93 |
42.14 |
137.69 |
48.12 |
157.24 |
119.84 |
|
380.18 |
30.25 |
115.00 |
42.21 |
160.47 |
48.40 |
184.01 |
140.50 |
|
431.06 |
30.41 |
131.07 |
42.27 |
182.22 |
48.86 |
210.62 |
161.39 |
|
469.59 |
31.15 |
146.29 |
42.39 |
199.08 |
38.28 |
179.74 |
165.41 |
|
494.97 |
33.01 |
163.39 |
42.57 |
210.73 |
31.01 |
153.51 |
176.09 |
|
517.75 |
33.00 |
170.86 |
42.77 |
221.43 |
28.98 |
150.03 |
185.79 |
|
538.37 |
32.98 |
177.56 |
42.97 |
231.35 |
43.16 |
232.38 |
197.85 |
|
549.78 |
33.25 |
182.80 |
43.17 |
237.34 |
43.86 |
241.15 |
204.10 |
|
577.46 |
33.39 |
192.81 |
43.35 |
250.33 |
43.75 |
252.66 |
216.12 |
|
604.85 |
33.33 |
201.57 |
43.54 |
263.33 |
43.89 |
265.44 |
227.73 |
|
638.89 |
33.47 |
213.81 |
43.72 |
279.33 |
44.40 |
283.69 |
242.33 |
|
679.27 |
33.64 |
228.53 |
43.91 |
298.26 |
44.29 |
300.87 |
259.29 |
|
709.34 |
33.91 |
240.57 |
44.11 |
312.92 |
43.23 |
306.67 |
272.60 |
|
735.47 |
34.31 |
252.33 |
44.33 |
326.03 |
43.81 |
322.20 |
285.20 |
|
759.29 |
34.65 |
263.11 |
44.52 |
338.04 |
43.91 |
333.40 |
296.74 |
|
785.24 |
35.01 |
274.95 |
44.71 |
351.06 |
44.52 |
349.55 |
309.30 |
|
810.21 |
35.39 |
286.70 |
44.90 |
363.78 |
44.46 |
360.25 |
321.48 |
|
838.11 |
36.15 |
302.99 |
45.14 |
378.36 |
44.71 |
374.70 |
337.05 |
|
860.47 |
36.59 |
314.85 |
45.31 |
389.84 |
45.14 |
388.40 |
348.99 |
|
876.93 |
36.98 |
324.31 |
45.50 |
398.99 |
45.39 |
398.02 |
358.37 |
|
904.62 |
37.47 |
338.93 |
45.65 |
412.99 |
46.13 |
417.31 |
372.73 |
|
951.05 |
38.21 |
363.36 |
45.61 |
433.74 |
46.73 |
444.39 |
394.76 |
|
985.79 |
38.52 |
379.75 |
45.80 |
451.54 |
45.81 |
451.63 |
411.19 |
|
1,024.02 |
38.85 |
397.85 |
46.02 |
471.25 |
45.65 |
467.42 |
429.64 |
|
1,064.59 |
39.19 |
417.22 |
46.25 |
492.37 |
45.67 |
486.19 |
449.47 |
|
1,107.53 |
39.53 |
437.84 |
46.49 |
514.92 |
45.74 |
506.64 |
470.64 |
|
1,153.48 |
39.88 |
459.99 |
46.75 |
539.24 |
45.83 |
528.69 |
493.43 |
|
1,203.07 |
40.00 |
481.23 |
47.03 |
565.78 |
45.88 |
552.02 |
516.68 |
|
1,256.09 |
40.00 |
502.44 |
47.33 |
594.50 |
45.89 |
576.42 |
540.88 |
|
1,311.99 |
40.00 |
524.80 |
47.65 |
625.13 |
45.88 |
602.00 |
566.64 |
|
1,371.45 |
40.00 |
548.58 |
47.98 |
658.00 |
45.89 |
629.40 |
594.15 |
|
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.
List of Studies
December 26, 2001