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.E5—Average Monthly Benefit to Disabled Child Survivors of Deceased Workers In Force,
Awarded, Terminated, and In Current-Payment Status
(Calendar years 1975-2010)
[Numbers in thousands]
Year
Benefit
increase
(percent)
In force
beginning
of year
Accessions
during year
Terminations
during year
In force
end of year
Current-payment
status end
of year
Number
Average
benefit
Awards
Conver-
sions
Average
benefit
Number
Ratio to
average
benefit
in force
beginning
of year
Average
benefit
Number
Average
benefit
Ratio to
average
benefit
in force
end of
year
Average
benefit
1975
8.0
209.1
$130.18
11.2
12.1
$143.07
9.7
0.7986
$112.28
222.6
$142.09
1.0029
$142.50
1976
6.4
222.6
142.09
11.5
12.5
152.20
10.8
.8025
121.33
235.9
152.65
.9954
151.96
1977
5.9
235.9
152.65
11.9
12.6
170.40
11.8
.9320
150.66
248.6
163.04
1.0007
163.15
1978
6.5
248.6
163.04
11.0
10.8
176.70
13.7
.7625
132.40
256.8
176.09
1.0008
176.23
1979
9.9
256.8
176.09
11.0
12.7
198.60
13.2
.8127
157.28
267.2
195.77
1.0006
195.90
1980
14.3
267.2
195.77
10.6
13.0
229.10
12.4
.8014
179.32
278.4
226.21
1.0007
226.36
1981
11.2
278.4
226.21
9.7
12.8
250.13
9.8
.7573
190.51
291.1
253.49
1.0018
253.96
1982
7.4
291.1
253.49
9.7
11.0
267.53
9.2
.6020
163.89
302.6
275.21
1.0022
275.82
1983
3.5
302.6
275.21
11.2
11.0
288.55
9.5
.7699
219.31
315.4
287.08
1.0067
288.99
1984
3.5
315.4
287.08
12.6
11.7
300.30
9.2
.8132
241.62
330.5
298.90
1.0122
302.53
1985
3.1
330.5
298.90
12.9
10.8
310.24
9.0
.6986
215.29
345.2
310.73
1.0153
315.48
1986
1.3
345.2
310.73
13.4
10.3
318.74
8.5
.6973
219.50
360.4
317.28
1.0180
322.99
1987
4.2
360.4
317.28
12.0
10.5
326.60
8.6
.6983
230.86
374.4
332.65
1.0222
340.04
1988
4.0
374.4
332.65
11.3
11.5
342.20
10.8
.6316
218.51
386.4
349.30
1.0231
357.36
1989
4.7
386.4
349.30
10.8
11.7
366.29
9.1
.7960
291.13
399.8
367.45
1.0290
378.11
1990
5.4
399.8
367.45
11.1
11.4
391.58
10.0
.7550
292.41
412.2
389.83
1.0325
402.49
1991
3.7
412.2
389.83
11.6
11.5
403.10
10.1
.7250
293.09
425.1
406.83
1.0360
421.47
1992
3.0
425.1
406.83
13.7
11.7
415.06
9.9
.6991
292.95
440.6
421.65
1.0394
438.26
1993
2.6
440.6
421.65
13.7
11.9
425.88
10.2
.7201
311.53
456.0
434.95
1.0431
453.71
1994
2.8
456.0
434.95
12.5
12.4
442.70
10.9
.7337
328.05
470.0
449.66
1.0470
470.81
1995
2.6
470.0
449.66
11.9
12.6
464.49
11.0
.7836
361.53
483.5
463.78
1.0509
487.38
1996
2.9
483.5
463.78
11.0
12.6
481.66
11.3
.7930
378.44
495.8
479.69
1.0550
506.08
1997
2.1
495.8
479.69
10.6
12.8
492.48
12.0
.7946
389.19
507.1
492.28
1.0589
521.25
1998
1.3
507.1
492.28
10.9
13.2
502.27
13.1
.8127
405.27
518.0
501.21
1.0630
532.80
1999
1 2.5
518.0
501.21
11.4
13.6
519.33
14.7
.8567
439.70
528.3
515.57
1.0676
550.41
2000
3.5
528.3
515.57
11.5
14.5
539.44
17.1
.8839
471.67
537.2
535.88
1.0725
574.73
2001
2.8
537.2
535.88
10.6
14.2
560.53
15.8
.8335
459.13
546.3
553.97
1.0725
594.13
2002
2.9
546.3
553.97
10.2
14.4
587.02
16.0
.8636
492.26
554.9
573.03
1.0725
614.57
2003
3.0
554.9
573.03
10.0
14.6
615.23
16.3
.8736
515.61
563.2
593.46
1.0725
636.49
2004
3.1
563.2
593.46
9.8
14.7
645.44
16.5
.8831
540.34
571.1
615.37
1.0725
659.98
2005
3.2
571.1
615.37
9.5
14.8
678.29
16.8
.8932
567.26
578.5
638.84
1.0725
685.16
2006
3.3
578.5
638.84
9.4
14.9
710.60
17.1
.8978
592.51
585.7
664.00
1.0725
712.14
2007
3.3
585.7
664.00
9.3
15.0
743.89
17.5
.9020
618.68
592.5
690.27
1.0725
740.32
2008
3.3
592.5
690.27
9.3
15.1
778.90
17.8
.9066
646.43
599.1
717.71
1.0725
769.75
2009
3.3
599.1
717.71
9.3
15.1
815.26
18.1
.9103
674.88
605.5
746.38
1.0725
800.50
2010
3.3
605.5
746.38
9.3
15.1
853.88
18.5
.9145
705.05
611.4
776.32
1.0725
832.61

1 Benefit increase for 1999 was originally determined as 2.4 percent, but pursuant to Public Law 106-554 is effectively now 2.5 percent.

Sources:

· Number in force and total number awarded (including conversions), shown earlier.

· Number of conversions based on terminations of disabled children of retired workers.

· Number terminated calculated as in force beginning of year plus awards during year minus in force end of year.

· Average benefit awarded shown earlier.

· Historical ratio of average terminated benefit to average benefit in force computed by division of corresponding figures where the average benefit in force at the beginning of the year has been adjusted to the end-of-year rate; future ratios projected based on historical trend.

· Historical average terminated benefit computed by dividing (a) number in force at beginning of year times average benefit in force, plus number of awards times average benefit awarded at beginning-of-year rate, minus number in force at end of year times average benefit in force at beginning-of-year rates, by (b) number of terminations. Future average terminated benefit computed by applying applicable ratio to average benefit in force at beginning of year.

· Historical average benefit in force from 1-A Table In Force Supplement. Future average benefit in force at end of year computed by dividing (a) number in force at beginning of year times average benefit in force at end-of-year rate, plus number of awards times average benefit awarded at end-of-year rate, minus number of terminations times average terminated benefit at end of year rate, by (b) number in force at end of year.

· Historical ratio of average benefit in current-payment status to average benefit in force computed by division of corresponding figures; future ratios projected based on historical trend.

· Historical average benefit in current-payment status from 1-A Table Current-Payment Supplement; future average benefit computed by applying applicable ratio to average benefit in force.

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

Contents Glossary

List of Studies
December 26, 2001