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.E31—Reduced Secondary Benefits of OASI Beneficiaries Receiving Both a
Retired-Worker and Secondary Benefit, by Type of Secondary Benefit
(Calendar years 1975-2000, and calendar quarters 2001-10)
[Numbers in thousands, amounts in millions]
Calendar
period
Spouses of
retired workers
Widow(er)s of
deceased workers
Parents of
deceased workers
Total
  Average
number
  Amount
  Average
number
  Amount
  Average
number
  Amount
  Average
number
  Amount
1975
549.0
$190.6
936.1
$967.3
5.0
$4.7
1,490.1
$1,162.6
1976
602.5
236.1
1,027.1
1,149.9
4.8
5.0
1,634.3
1,391.0
1977
662.9
290.1
1,118.1
1,347.5
4.6
5.2
1,785.5
1,642.8
1978
744.7
358.4
1,241.6
1,604.7
4.4
5.5
1,990.8
1,968.6
1979
823.0
453.8
1,380.7
1,969.8
4.3
5.9
2,208.0
2,429.5
1980
917.7
592.2
1,521.7
2,477.7
4.1
6.4
2,443.4
3,076.2
1981
1,014.2
772.7
1,637.0
3,054.7
3.9
7.0
2,655.1
3,834.4
1982
1,121.9
979.3
1,744.0
3,615.9
3.6
7.5
2,869.6
4,602.6
1983
1,244.6
1,183.1
1,850.1
4,055.2
3.3
7.2
3,098.0
5,245.4
1984
1,357.4
1,415.8
1,956.3
4,571.9
3.0
6.7
3,316.7
5,994.4
1985
1,468.8
1,658.1
2,066.9
5,143.2
2.7
6.4
3,538.3
6,807.7
1986
1,588.5
1,903.4
2,192.8
5,792.9
2.4
6.0
3,783.7
7,702.4
1987
1,702.6
2,118.4
2,304.1
6,330.6
2.2
5.5
4,008.8
8,454.5
1988
1,794.2
2,369.8
2,405.2
7,059.9
2.0
5.2
4,201.4
9,435.0
1989
1,885.1
2,630.7
2,504.7
7,834.6
1.7
5.0
4,391.5
10,470.3
1990
1,982.1
2,934.5
2,606.1
8,735.4
1.6
4.8
4,589.8
11,674.7
1991
2,076.2
3,276.6
2,703.7
9,764.5
1.4
4.6
4,781.3
13,045.7
1992
2,164.3
3,573.2
2,799.0
10,714.6
1.3
4.4
4,964.5
14,292.1
1993
2,238.4
3,826.1
2,892.3
11,647.3
1.2
4.2
5,131.9
15,477.6
1994
2,298.2
4,037.7
2,977.3
12,558.0
1.0
3.9
5,276.5
16,599.6
1995
2,348.7
4,239.8
3,060.0
13,525.5
.9
3.7
5,409.6
17,768.9
1996
2,385.2
4,411.4
3,134.6
14,480.7
.8
3.4
5,520.7
18,895.5
1997
2,416.1
4,585.9
3,205.0
15,500.6
.8
3.2
5,621.8
20,089.7
1998
2,439.1
4,713.3
3,269.7
16,415.9
.7
3.1
5,709.5
21,132.3
1999
2,452.0
4,788.0
3,329.1
17,206.6
.7
3.1
5,781.7
21,997.7
2000
2,492.4
4,986.3
3,384.7
18,156.0
.6
3.0
5,877.7
23,145.2
2001-I
2,525.7
1,308.7
3,410.4
4,762.2
.6
.7
5,936.7
6,071.7
2001-II
2,530.0
1,307.5
3,422.7
4,805.5
.6
.7
5,953.3
6,113.7
2001-III
2,540.2
1,310.7
3,443.0
4,860.2
.6
.7
5,983.7
6,171.5
2001-IV
2,546.1
1,312.9
3,457.6
4,907.2
.5
.7
6,004.2
6,220.8
2002-I
2,543.7
1,346.9
3,461.4
5,077.4
.5
.7
6,005.6
6,425.0
2002-II
2,546.8
1,347.1
3,473.9
5,122.9
.5
.7
6,021.2
6,470.7
2002-III
2,556.3
1,352.0
3,495.1
5,181.8
.5
.7
6,052.0
6,534.5
2002-IV
2,562.7
1,356.6
3,512.1
5,234.8
.5
.7
6,075.3
6,592.0
2003-I
2,560.3
1,395.6
3,517.5
5,423.4
.5
.7
6,078.3
6,819.7
2003-II
2,562.5
1,398.6
3,530.5
5,471.7
.5
.7
6,093.5
6,871.0
2003-III
2,571.6
1,406.8
3,552.9
5,534.9
.5
.6
6,124.9
6,942.4
2003-IV
2,578.1
1,415.1
3,571.9
5,593.3
.5
.6
6,150.4
7,009.0
2004-I
2,575.9
1,459.6
3,579.3
5,803.0
.4
.6
6,155.7
7,263.2
2004-II
2,578.6
1,462.9
3,595.0
5,858.4
.4
.6
6,174.0
7,321.9
2004-III
2,588.5
1,471.8
3,620.7
5,930.7
.4
.6
6,209.7
7,403.1
2004-IV
2,596.7
1,481.2
3,643.8
5,999.5
.4
.6
6,240.9
7,481.3
2005-I
2,595.6
1,529.8
3,654.7
6,232.6
.4
.6
6,250.7
7,763.1
2005-II
2,598.6
1,533.5
3,673.0
6,285.8
.4
.6
6,272.0
7,819.9
2005-III
2,609.2
1,543.2
3,701.9
6,357.7
.4
.6
6,311.5
7,901.5
2005-IV
2,618.6
1,553.8
3,729.1
6,427.3
.4
.6
6,348.1
7,981.7
2006-I
2,618.0
1,606.7
3,742.8
6,679.0
.4
.6
6,361.2
8,286.3
2006-II
2,620.3
1,610.3
3,762.3
6,730.8
.4
.6
6,382.9
8,341.7
2006-III
2,630.3
1,620.2
3,792.8
6,803.0
.4
.6
6,423.5
8,423.8
2006-IV
2,639.4
1,631.2
3,822.0
6,873.2
.4
.6
6,461.7
8,505.0
2007-I
2,638.3
1,688.4
3,837.5
7,147.6
.4
.6
6,476.2
8,836.6
2007-II
2,640.3
1,692.3
3,858.9
7,207.3
.4
.6
6,499.6
8,900.2
2007-III
2,650.2
1,703.0
3,892.1
7,289.2
.4
.6
6,542.7
8,992.8
2007-IV
2,659.4
1,715.0
3,924.3
7,369.8
.3
.6
6,584.0
9,085.5
2008-I
2,659.1
1,776.0
3,943.5
7,671.5
.3
.6
6,602.9
9,448.1
2008-II
2,663.1
1,781.7
3,970.8
7,746.4
.3
.6
6,634.3
9,528.7
2008-III
2,675.7
1,794.8
4,011.0
7,847.0
.3
.6
6,687.0
9,642.4
2008-IV
2,688.5
1,810.0
4,051.8
7,949.5
.3
.6
6,740.6
9,760.1
2009-I
2,691.4
1,876.9
4,078.7
8,290.0
.3
.6
6,770.4
10,167.4
2009-II
2,697.9
1,884.9
4,113.2
8,384.2
.3
.6
6,811.4
10,269.6
2009-III
2,713.7
1,901.3
4,162.1
8,508.4
.3
.6
6,876.1
10,410.3
2009-IV
2,731.2
1,920.9
4,213.8
8,639.4
.3
.6
6,945.3
10,560.9
2010-I
2,736.6
1,993.8
4,248.0
9,023.4
.3
.6
6,984.9
11,017.7
2010-II
2,741.7
2,001.1
4,284.1
9,126.7
.3
.6
7,026.1
11,128.3
2010-III
2,756.4
2,017.4
4,335.5
9,263.1
.3
.6
7,092.1
11,281.1
2010-IV
2,773.0
2,037.2
4,390.3
9,407.8
.3
.6
7,163.6
11,445.6

Sources:

· Historical average numbers computed using data from 1-A Table Current-Payment Supplement. Future figures projected by multiplying quarterly number of retired workers by ratio of number of dual entitlements by type to number of retired workers. Quarterly ratios of number of dual entitlements to number of retired workers are obtained by interpolating from beginning of year figures shown earlier.

· Historical amounts from 1-A Table Current-Payment Supplement. Future figures computed by multiplying an interpolated average amount by the average number shown in the previous column.

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

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December 26, 2001