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.E6—Average Monthly Benefit to Student 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
466.9
$144.21
279.8
10.1
$152.23
242.4
0.9521
$148.28
514.4
$157.28
1.0070
$158.38
1976
6.4
514.4
157.28
295.1
14.3
162.80
284.7
.9457
158.26
539.0
169.54
.9972
169.06
1977
5.9
539.0
169.54
311.1
15.8
177.08
327.0
.9487
170.32
538.9
183.64
1.0016
183.94
1978
6.5
538.9
183.64
291.4
14.4
191.30
309.1
.9419
184.21
535.6
199.69
1.0057
200.83
1979
9.9
535.6
199.69
292.8
17.4
217.00
321.0
.9461
207.64
524.8
225.24
1.0058
226.55
1980
14.3
524.8
225.24
300.5
16.6
253.10
307.6
.9412
242.30
534.4
263.59
1.0070
265.44
1981
11.2
534.4
263.59
295.4
14.2
284.99
306.0
.9384
275.05
537.9
298.71
1.0099
301.68
1982
7.4
537.9
298.71
241.0
26.6
305.39
433.0
1.1324
363.30
372.5
260.36
1.0014
260.71
1983
3.5
372.5
260.36
158.4
21.3
315.53
324.9
1.1933
321.56
227.3
231.42
1.0086
233.41
1984
3.5
227.3
231.42
136.6
18.5
341.43
243.4
1.2452
298.26
139.0
250.38
1.0271
257.16
1985
3.1
139.0
250.38
119.3
15.9
362.18
205.7
1.1433
295.13
68.5
352.40
1.0239
360.83
1986
1.3
68.5
352.40
110.6
15.0
378.30
129.6
1.0492
374.56
64.6
363.17
1.0348
375.82
1987
4.2
64.6
363.17
108.4
14.3
401.52
125.5
1.0549
399.21
61.8
382.07
1.0472
400.09
1988
4.0
61.8
382.07
119.7
14.2
426.20
123.8
1.0659
423.54
71.9
405.99
1.0460
424.65
1989
4.7
71.9
405.99
106.3
13.2
450.34
123.8
1.0576
449.55
67.6
424.91
1.0541
447.90
1990
5.4
67.6
424.91
101.6
12.2
471.87
115.2
1.0596
474.54
66.2
442.73
1.0639
471.02
1991
3.7
66.2
442.73
97.5
11.4
488.74
108.6
1.0715
491.93
66.6
454.07
1.0708
486.23
1992
3.0
66.6
454.07
97.3
10.9
502.57
106.0
1.0784
504.37
68.7
465.99
1.0818
504.10
1993
2.6
68.7
465.99
98.5
10.8
513.84
108.1
1.0865
519.46
70.0
470.10
1.0955
514.97
1994
2.8
70.0
470.10
95.5
10.5
529.65
107.4
1.1000
531.60
68.6
479.29
1.1104
532.22
1995
2.6
68.6
479.29
94.6
10.2
543.65
103.9
1.1136
547.63
69.6
486.52
1.1233
546.53
1996
2.9
69.6
486.52
96.8
10.2
556.15
105.5
1.1183
559.86
71.2
496.34
1.1298
560.79
1997
2.1
71.2
496.34
102.1
10.5
566.31
110.0
1.1224
568.80
73.7
505.09
1.1278
569.62
1998
1.3
73.7
505.09
101.6
10.5
575.18
111.9
1.1256
575.91
73.9
510.74
1.1354
579.90
1999
1 2.5
73.9
510.74
101.4
10.6
594.25
114.7
1.1340
593.10
71.2
522.19
1.1409
595.78
2000
3.5
71.2
522.19
101.0
10.8
624.45
111.9
1.1502
621.64
71.1
544.77
1.1540
628.66
2001
2.8
71.1
544.77
101.0
11.1
648.87
111.2
1.1526
645.49
71.9
566.19
1.1540
653.38
2002
2.9
71.9
566.19
101.5
10.8
679.53
111.9
1.1570
674.08
72.3
591.58
1.1540
682.67
2003
3.0
72.3
591.58
103.1
10.9
712.19
112.9
1.1595
706.52
73.4
619.55
1.1540
714.95
2004
3.1
73.4
619.55
103.7
11.1
747.15
114.4
1.1600
740.95
73.8
648.93
1.1540
748.85
2005
3.2
73.8
648.93
104.5
11.1
785.18
115.0
1.1623
778.39
74.4
681.18
1.1540
786.07
2006
3.3
74.4
681.18
106.4
11.3
822.59
116.4
1.1614
817.25
75.7
713.84
1.1540
823.76
2007
3.3
75.7
713.84
109.4
11.5
861.12
118.9
1.1611
856.16
77.7
748.22
1.1540
863.43
2008
3.3
77.7
748.22
111.9
11.9
901.64
122.1
1.1596
896.27
79.3
783.85
1.1540
904.55
2009
3.3
79.3
783.85
112.3
12.0
943.73
124.0
1.1583
937.86
79.6
819.39
1.1540
945.56
2010
3.3
79.6
819.39
111.2
12.0
988.44
123.7
1.1598
981.65
79.1
856.10
1.1540
987.92

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, awarded (including conversions), and terminated shown earlier.

· Number of conversions based on limited data comparing number of awards and terminations to number in force.

· 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

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December 26, 2001