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

B. NUMBER OF OLD-AGE AND SURVIVORS INSURANCE (OASI) BENEFICIARIES

Table III.B42—Student Children of Retired Workers With Benefits In Force, Awarded, Terminated, Withheld, and In Current-Payment Status
(Calendar years 1975-2010)
[Numbers in thousands]
Year
In force beginning
of period
Awards
Number of gross terminations
In force
end of period
Withheld
In current-payment status,
end of period
Percent of
population
age 18-20
Number
Percent of
in force
Number
1975
130.0
0.74
95.6
81.4
144.1
7.60
11.0
133.2
1976
144.1
.82
108.2
98.3
154.0
6.18
9.5
144.5
1977
154.0
.87
115.5
108.2
161.3
.52
.8
160.5
1978
161.3
.80
105.7
100.9
166.1
8.86
14.7
151.4
1979
166.1
.89
117.1
118.3
164.9
9.71
16.0
148.9
1980
164.9
.92
120.4
113.6
171.6
16.47
28.3
143.4
1981
171.6
.86
111.2
105.8
177.1
15.92
28.2
148.9
1982
177.1
.68
86.6
149.9
113.7
20.22
23.0
90.7
1983
113.7
.38
47.5
95.0
66.2
19.61
13.0
53.3
1984
66.2
.33
39.3
67.9
37.7
23.46
8.8
28.8
1985
37.7
.29
33.4
53.0
18.1
18.20
3.3
14.8
1986
18.1
.27
30.7
31.7
17.1
24.02
4.1
13.0
1987
17.1
.26
29.6
30.3
16.4
27.91
4.6
11.9
1988
16.4
.27
32.1
30.3
18.2
25.40
4.6
13.6
1989
18.2
.23
27.2
28.4
17.1
26.16
4.5
12.6
1990
17.1
.23
26.2
26.4
16.8
27.33
4.6
12.2
1991
16.8
.23
24.4
24.8
16.4
24.84
4.1
12.3
1992
16.4
.23
23.7
23.6
16.5
29.24
4.8
11.7
1993
16.5
.23
23.6
23.4
16.7
30.48
5.1
11.6
1994
16.7
.22
22.9
22.9
16.7
31.52
5.3
11.4
1995
16.7
.21
22.1
22.2
16.6
34.53
5.7
10.9
1996
16.6
.20
22.2
22.1
16.8
35.12
5.9
10.9
1997
16.8
.20
23.0
22.8
17.0
33.44
5.7
11.3
1998
17.0
.20
22.6
22.7
16.9
37.15
6.3
10.6
1999
16.9
.19
22.2
22.9
16.2
30.37
4.9
11.3
2000
16.2
.20
24.2
23.1
17.3
33.82
5.9
11.5
2001
17.3
.19
23.3
23.7
16.9
34.27
5.8
11.1
2002
16.9
.19
23.3
23.3
17.0
34.25
5.8
11.2
2003
17.0
.20
23.7
23.5
17.2
34.05
5.9
11.4
2004
17.2
.20
23.8
23.8
17.3
34.07
5.9
11.4
2005
17.3
.19
24.0
23.9
17.4
34.05
5.9
11.5
2006
17.4
.20
24.5
24.2
17.7
33.88
6.0
11.7
2007
17.7
.20
25.2
24.7
18.2
33.58
6.1
12.1
2008
18.2
.20
25.7
25.4
18.5
33.47
6.2
12.3
2009
18.5
.20
25.8
25.7
18.6
33.72
6.3
12.3
2010
18.6
.19
25.6
25.7
18.5
34.12
6.3
12.2

Sources:

· Historical figures from SSA administrative records; future figures computed by adding awards to number in force at beginning of year, and applying termination rates.

· Historical award rates computed by dividing the number of awards by the population age 18-20, less the number already in force; future rates projected based on historical trend and judgment.

· Historical award figures from SSA administrative records; future figures computed by applying award rate to population age 18-20 less the number of student children already in force.

· Historical termination figures estimated from SSA administrative records; future figures computed by applying termination rate to number in force.

· Historical percent withheld figures computed by dividing number withheld by number in force; future figures projected based on historical trends.

· Historical withheld figures estimated from SSA administrative records; future figures computed by applying withheld rate to number in force.

· Historical in current-payment status figures from SSA administrative records; future figures computed by subtracting number withheld from number in force.

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

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December 26, 2001