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.E32—Adjusted Current-Payment Benefits, Non-Current-Payment Benefits, and
Total Benefits to OASI Beneficiaries
(Calendar years 1975-2000, and calendar quarters 2001-10)
[In millions]
Calendar
period
Total retired workers
Total dependents of
retired workers
Total survivors of
deceased workers
Special
age-72
benefi-
ciaries
Lump-
sum
death
payments
Total OASI benefit payments
  Adjusted
current-
payment 1
  Non-
current-
payment
  Total
  Adjusted
current-
payment 2
  Non-
current-
payment
  Total
  Adjusted
current-
payment 3
  Non-
current-
payment
  Total
  Adjusted
current-
payment
  Non-
current-
payment
  Total
1975
$37,260.1
$854.7
$38,114.8
$4,190.4
$155.3
$4,345.7
$15,007.0
$507.6
$15,514.6
$196.9
$337.0
$56,655.3
$1,853.6
$58,508.9
1976
42,123.4
958.8
43,082.3
4,679.6
173.6
4,853.1
16,708.8
548.0
17,256.8
174.2
332.5
63,686.8
2,012.2
65,699.0
1977
47,166.0
1,020.0
48,186.0
5,134.4
253.9
5,388.4
18,423.7
646.0
19,069.7
157.1
312.0
70,881.5
2,231.6
73,113.1
1978
52,645.2
609.8
53,254.9
5,699.2
205.0
5,904.3
20,216.2
490.6
20,706.8
141.8
344.5
78,702.0
1,650.3
80,352.3
1979
59,824.3
554.6
60,378.9
6,359.5
208.9
6,568.4
22,699.6
440.8
23,140.4
128.3
339.6
89,012.0
1,543.7
90,555.7
1980
70,094.9
389.8
70,484.7
7,345.8
173.1
7,518.9
26,227.7
329.5
26,557.3
119.2
394.4
103,788.3
1,286.1
105,074.4
1981
82,670.6
1,068.6
83,739.2
8,569.3
262.0
8,831.3
30,296.3
486.0
30,782.3
110.1
332.5
121,647.5
2,147.9
123,795.4
1982
93,999.6
1,250.7
95,250.3
9,490.0
236.8
9,726.8
33,099.5
420.5
33,519.9
99.6
203.3
136,689.6
2,110.3
138,799.8
1983
101,542.9
2,154.1
103,697.0
10,096.4
335.0
10,431.4
34,454.0
629.8
35,083.8
84.7
205.4
146,178.4
3,324.0
149,502.4
1984
108,788.7
1,303.9
110,092.6
10,740.9
212.5
10,953.4
36,061.4
472.5
36,533.9
70.6
211.5
155,662.3
2,199.8
157,862.0
1985
116,042.9
776.7
116,819.6
11,432.5
224.5
11,657.0
38,121.1
497.5
38,618.6
56.9
207.5
165,654.3
1,705.3
167,359.6
1986
123,034.7
549.0
123,583.7
12,119.7
198.7
12,318.3
40,273.5
419.0
40,692.6
46.9
202.9
175,474.6
1,369.9
176,844.4
1987
128,148.6
364.4
128,513.1
12,602.8
177.6
12,780.4
41,714.5
397.4
42,111.9
35.7
203.1
182,502.5
1,141.6
183,644.1
1988
136,571.7
415.2
136,986.9
13,354.2
156.4
13,510.7
44,312.3
475.2
44,787.5
28.5
208.1
194,266.9
1,254.8
195,521.7
1989
145,214.2
812.7
146,026.9
14,112.1
191.7
14,303.8
46,948.4
470.1
47,418.5
21.3
206.5
206,296.6
1,680.3
207,977.0
1990
155,939.6
816.5
156,756.1
15,076.3
193.1
15,269.4
50,230.3
515.5
50,745.8
16.1
205.6
221,262.9
1,730.0
222,992.9
1991
168,394.7
747.4
169,142.1
16,202.5
188.6
16,391.2
54,130.8
558.1
54,688.8
12.1
202.0
238,740.7
1,695.6
240,436.2
1992
178,604.8
767.6
179,372.4
17,107.9
196.2
17,304.0
57,472.7
576.1
58,048.8
8.7
205.5
253,194.6
1,744.8
254,939.4
1993
187,784.9
655.1
188,439.9
17,866.2
52.5
17,918.8
60,508.5
716.7
61,225.3
6.0
214.5
266,166.2
1,638.3
267,804.5
1994
195,834.1
566.1
196,400.2
18,449.1
42.0
18,491.1
63,290.1
712.4
64,002.6
3.8
220.0
277,577.7
1,540.1
279,117.7
1995
204,548.9
766.4
205,315.3
19,027.8
35.1
19,062.8
66,235.7
847.4
67,083.1
2.6
218.5
289,815.4
1,866.9
291,682.3
1996
212,625.8
797.1
213,422.9
19,476.8
37.0
19,513.8
68,981.2
777.4
69,758.7
1.4
217.5
301,085.8
1,828.6
302,914.4
1997
221,961.4
1,592.5
223,553.9
19,942.6
93.3
20,035.9
71,490.0
1,014.8
72,504.9
.6
215.8
313,395.3
2,915.7
316,311.1
1998
230,521.3
1,802.5
232,323.9
20,212.6
122.5
20,335.1
72,852.1
1,088.3
73,940.4
.3
217.7
323,586.8
3,230.5
326,817.3
1999
236,963.1
1,515.4
238,478.5
20,302.3
104.5
20,406.8
74,305.4
1,030.8
75,336.2
-.2
215.9
331,571.2
2,865.9
334,437.2
2000
250,191.2
3,351.2
253,542.4
20,899.4
202.7
21,102.1
76,737.9
1,110.5
77,848.4
-.6
214.1
347,828.8
4,877.7
352,706.5
2001-I
66,139.7
464.7
66,604.5
5,449.8
23.3
5,473.1
19,945.0
249.5
20,194.5
.1
60.0
91,534.6
797.6
92,332.2
2001-II
66,407.2
548.2
66,955.4
5,456.2
30.6
5,486.8
20,042.4
304.8
20,347.2
(4)
56.4
91,905.9
940.0
92,845.9
2001-III
66,841.7
276.8
67,118.5
5,467.4
25.4
5,492.8
20,096.0
262.3
20,358.3
(4)
53.1
92,405.1
617.8
93,022.8
2001-IV
67,177.4
422.5
67,599.9
5,478.4
37.8
5,516.2
20,189.6
237.6
20,427.3
(4)
48.8
92,845.5
746.8
93,592.3
2002-I
69,177.1
508.6
69,685.7
5,624.3
25.5
5,649.8
20,796.7
264.0
21,060.6
(4)
60.3
95,598.1
858.4
96,456.5
2002-II
69,520.1
598.5
70,118.6
5,635.6
33.4
5,669.0
20,905.5
322.4
21,227.9
(4)
56.7
96,061.2
1,010.9
97,072.2
2002-III
70,019.2
302.9
70,322.1
5,652.5
27.9
5,680.3
20,968.3
277.5
21,245.8
(4)
53.4
96,639.9
661.7
97,301.6
2002-IV
70,376.6
449.8
70,826.3
5,669.0
40.7
5,709.7
21,075.5
251.1
21,326.6
(4)
49.1
97,121.1
790.7
97,911.8
2003-I
72,549.1
533.6
73,082.8
5,830.4
26.8
5,857.2
21,736.2
272.8
22,009.0
(4)
60.7
100,115.8
893.8
101,009.6
2003-II
72,919.1
627.8
73,546.9
5,845.6
35.0
5,880.6
21,847.4
333.1
22,180.5
(4)
57.1
100,612.2
1,052.9
101,665.1
2003-III
73,447.7
317.8
73,765.4
5,866.5
29.2
5,895.7
21,909.5
286.7
22,196.2
(4)
53.8
101,223.6
687.5
101,911.1
2003-IV
73,817.1
470.2
74,287.2
5,887.5
42.6
5,930.1
22,020.0
259.6
22,279.6
(4)
49.4
101,724.5
821.8
102,546.3
2004-I
76,190.8
582.1
76,772.9
6,062.9
29.2
6,092.1
22,735.2
286.4
23,021.6
(4)
61.1
104,988.9
958.8
105,947.7
2004-II
76,653.9
683.3
77,337.2
6,077.0
38.1
6,115.1
22,860.3
349.8
23,210.1
(4)
57.4
105,591.2
1,128.6
106,719.8
2004-III
77,267.4
346.4
77,613.8
6,097.0
31.9
6,128.8
22,933.2
301.1
23,234.3
(4)
54.1
106,297.5
733.5
107,031.0
2004-IV
77,680.6
500.2
78,180.8
6,117.3
45.8
6,163.1
23,059.7
272.5
23,332.2
(4)
49.7
106,857.6
868.2
107,725.8
2005-I
80,294.1
629.4
80,923.5
6,304.5
31.6
6,336.1
23,837.5
297.6
24,135.1
(4)
61.5
110,436.1
1,020.0
111,456.1
2005-II
80,845.0
737.6
81,582.7
6,318.6
41.1
6,359.7
23,962.4
363.5
24,325.9
(4)
57.8
111,126.0
1,200.0
112,326.0
2005-III
81,547.3
374.5
81,921.8
6,338.7
34.5
6,373.2
24,032.0
312.9
24,344.9
(4)
54.5
111,918.0
776.3
112,694.3
2005-IV
82,023.1
530.3
82,553.3
6,359.5
48.9
6,408.4
24,159.8
283.3
24,443.1
(4)
50.0
112,542.4
912.5
113,454.9
2006-I
84,890.3
668.0
85,558.3
6,561.2
33.5
6,594.7
24,997.3
315.8
25,313.2
(4)
61.9
116,448.8
1,079.2
117,528.0
2006-II
85,467.0
782.3
86,249.3
6,578.4
43.6
6,622.0
25,131.9
385.7
25,517.6
(4)
58.2
117,177.3
1,269.8
118,447.1
2006-III
86,220.5
397.4
86,617.8
6,601.7
36.6
6,638.3
25,206.5
332.0
25,538.5
(4)
54.8
118,028.6
820.8
118,849.4
2006-IV
86,768.1
557.4
87,325.5
6,625.7
51.6
6,677.3
25,343.8
300.3
25,644.1
(4)
50.4
118,737.6
959.6
119,697.3
2007-I
89,916.7
721.9
90,638.6
6,845.4
36.2
6,881.6
26,256.5
339.6
26,596.0
(4)
62.4
123,018.6
1,160.0
124,178.6
2007-II
90,521.7
844.2
91,365.8
6,867.4
47.0
6,914.4
26,415.2
414.6
26,829.8
(4)
58.6
123,804.2
1,364.4
125,168.6
2007-III
91,344.7
429.3
91,774.0
6,894.9
39.5
6,934.5
26,507.8
357.0
26,864.8
(4)
55.2
124,747.4
881.1
125,628.5
2007-IV
92,011.7
591.1
92,602.8
6,923.7
55.1
6,978.8
26,669.2
322.2
26,991.4
(4)
50.8
125,604.6
1,019.2
126,623.8
2008-I
95,449.4
824.8
96,274.2
7,155.7
41.3
7,197.0
27,647.6
360.5
28,008.1
(4)
62.8
130,252.7
1,289.4
131,542.2
2008-II
96,208.6
961.0
97,169.5
7,178.0
53.5
7,231.5
27,831.1
440.1
28,271.2
(4)
59.1
131,217.7
1,513.6
132,731.3
2008-III
97,212.5
490.3
97,702.8
7,205.9
45.2
7,251.1
27,943.1
378.9
28,322.0
(4)
55.6
132,361.5
970.0
133,331.5
2008-IV
98,076.1
644.5
98,720.6
7,236.1
61.2
7,297.3
28,133.3
341.7
28,475.0
(4)
51.1
133,445.5
1,098.6
134,544.1
2009-I
101,900.7
963.1
102,863.8
7,478.7
48.3
7,527.0
29,186.0
380.0
29,566.1
(4)
63.3
138,565.5
1,454.7
140,020.2
2009-II
102,875.8
1,117.6
103,993.4
7,501.9
62.2
7,564.2
29,397.8
463.9
29,861.7
(4)
59.5
139,775.5
1,703.3
141,478.8
2009-III
104,132.9
572.2
104,705.1
7,531.1
52.8
7,583.8
29,535.6
399.5
29,935.1
(4)
56.1
141,199.5
1,080.6
142,280.1
2009-IV
105,279.1
712.5
105,991.5
7,563.8
69.2
7,633.0
29,761.6
360.0
30,121.6
(4)
51.5
142,604.4
1,193.2
143,797.7
2010-I
109,478.5
1,016.6
110,495.1
7,817.1
50.9
7,868.0
30,891.4
393.3
31,284.6
(4)
63.9
148,187.0
1,524.6
149,711.6
2010-II
110,352.6
1,179.1
111,531.8
7,837.8
65.6
7,903.5
31,113.1
480.1
31,593.2
(4)
60.0
149,303.5
1,784.9
151,088.5
2010-III
111,629.1
603.9
112,232.9
7,864.8
55.7
7,920.5
31,259.7
413.4
31,673.1
(4)
56.6
150,753.6
1,129.6
151,883.2
2010-IV
112,989.3
747.6
113,736.9
7,895.8
72.8
7,968.6
31,499.0
372.7
31,871.6
(4)
52.0
152,384.0
1,245.1
153,629.1

1 Adjusted for amounts paid to dually-entitled beneficiaries (retired worker current-payment amount less the amount of reduced secondary benefits).

2 Adjusted for amounts paid to dually-entitled beneficiaries (dependents of retired workers current-payment amount plus the amount of reduced spouse benefits).

3 Adjusted for amounts paid to dually-entitled beneficiaries (survivors of deceased workers current-payment amount plus the amount of reduced widow(er) and parent benefits).

4 Less than $50,000.

Sources:

· All detail payments shown earlier.

· Total amounts computed by addition of corresponding detail shown earlier.

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

Contents Glossary

List of Studies
December 26, 2001