Short-Range Actuarial Projections |
|||||
ACTUARIAL STUDY NO. 119
by Chris Motsiopoulos and Richard B. Tucker | |||||
Year
|
15-19
|
20-24
|
25-29
|
30-34
|
35-39
|
40-44
|
45-49
|
50-54
|
55-59
|
60-64
|
65-NRA 1
|
Total
|
|
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross
|
Adjusted
|
||||||||||||
Male
|
|||||||||||||
1980
|
0.32
|
0.82
|
1.12
|
1.60
|
2.51
|
3.90
|
6.13
|
9.99
|
17.06
|
21.42
|
15.18
|
5.04
|
5.58
|
1985
|
.27
|
.95
|
1.57
|
2.01
|
2.59
|
3.64
|
5.47
|
9.15
|
14.38
|
17.08
|
10.35
|
4.63
|
5.05
|
1990
|
.40
|
1.09
|
1.75
|
2.40
|
3.01
|
3.75
|
5.15
|
8.39
|
14.83
|
17.59
|
9.96
|
4.70
|
5.15
|
1995
|
.45
|
1.19
|
1.88
|
2.83
|
3.69
|
4.60
|
5.97
|
9.56
|
16.87
|
20.23
|
11.01
|
5.64
|
5.96
|
1996
|
.42
|
1.08
|
1.67
|
2.51
|
3.34
|
4.21
|
5.61
|
8.97
|
15.68
|
18.62
|
10.15
|
5.24
|
5.50
|
1997
|
.38
|
1.03
|
1.42
|
2.06
|
2.77
|
3.68
|
4.98
|
8.15
|
14.56
|
17.42
|
9.72
|
4.77
|
4.94
|
1998
|
.38
|
1.04
|
1.41
|
1.99
|
2.70
|
3.73
|
5.09
|
8.23
|
14.18
|
17.08
|
9.44
|
4.80
|
4.91
|
1999
|
.39
|
1.12
|
1.44
|
1.91
|
2.69
|
3.73
|
5.05
|
8.08
|
13.80
|
16.86
|
10.05
|
4.80
|
4.85
|
2000
|
.40
|
1.26
|
1.51
|
1.82
|
2.62
|
3.59
|
4.82
|
7.86
|
13.55
|
16.64
|
9.22
|
4.74
|
4.74
|
2001
|
.53
|
1.59
|
1.86
|
2.07
|
2.83
|
3.83
|
5.11
|
8.36
|
14.22
|
17.60
|
9.22
|
5.17
|
5.10
|
2002
|
.61
|
1.88
|
1.94
|
2.14
|
2.98
|
4.04
|
5.46
|
8.86
|
14.90
|
18.37
|
9.26
|
5.58
|
5.39
|
2003
|
.56
|
1.62
|
1.91
|
2.24
|
3.06
|
4.16
|
5.63
|
9.10
|
15.19
|
18.46
|
9.08
|
5.75
|
5.47
|
2004
|
.45
|
1.54
|
1.89
|
2.27
|
2.97
|
4.13
|
5.63
|
9.02
|
15.17
|
18.52
|
7.88
|
5.79
|
5.43
|
2005
|
.69
|
1.68
|
1.94
|
2.25
|
2.99
|
4.01
|
5.35
|
8.52
|
14.12
|
17.51
|
9.32
|
5.65
|
5.23
|
2006
|
.58
|
1.54
|
1.81
|
2.10
|
2.83
|
3.82
|
5.13
|
8.22
|
13.67
|
17.21
|
8.84
|
5.51
|
5.02
|
2007
|
.58
|
1.52
|
1.78
|
2.07
|
2.80
|
3.77
|
5.05
|
8.09
|
13.41
|
17.20
|
8.54
|
5.51
|
4.95
|
2008
|
.64
|
1.58
|
1.84
|
2.13
|
2.86
|
3.83
|
5.11
|
8.16
|
13.47
|
17.61
|
8.44
|
5.66
|
5.03
|
2009
|
.78
|
1.72
|
1.99
|
2.27
|
3.01
|
3.96
|
5.27
|
8.32
|
13.65
|
17.82
|
9.54
|
5.90
|
5.19
|
2010
|
.68
|
1.61
|
1.89
|
2.17
|
2.91
|
3.87
|
5.19
|
8.27
|
13.63
|
17.76
|
9.41
|
5.88
|
5.11
|
2011
|
.51
|
1.46
|
1.73
|
2.01
|
2.75
|
3.72
|
5.05
|
8.14
|
13.52
|
17.62
|
9.19
|
5.78
|
4.96
|
2012
|
.52
|
1.47
|
1.74
|
2.02
|
2.76
|
3.74
|
5.08
|
8.18
|
13.58
|
17.68
|
9.32
|
5.84
|
4.98
|
2013
|
.52
|
1.47
|
1.74
|
2.03
|
2.77
|
3.77
|
5.10
|
8.22
|
13.63
|
17.73
|
9.51
|
5.89
|
5.00
|
2014
|
.52
|
1.48
|
1.75
|
2.04
|
2.77
|
3.78
|
5.10
|
8.25
|
13.68
|
17.81
|
9.52
|
5.94
|
5.02
|
Female
|
|||||||||||||
1980
|
.19
|
.38
|
.66
|
1.18
|
2.08
|
3.19
|
4.89
|
7.51
|
11.96
|
13.10
|
8.80
|
3.35
|
3.95
|
1985
|
.12
|
.48
|
.85
|
1.33
|
1.83
|
2.72
|
4.08
|
6.78
|
9.79
|
10.49
|
6.46
|
3.00
|
3.43
|
1990
|
.22
|
.60
|
1.02
|
1.50
|
2.10
|
2.90
|
4.30
|
6.90
|
11.03
|
11.24
|
6.45
|
3.26
|
3.71
|
1995
|
.32
|
.82
|
1.38
|
2.21
|
3.16
|
4.18
|
5.61
|
9.26
|
14.70
|
14.94
|
8.19
|
4.76
|
5.06
|
1996
|
.27
|
.75
|
1.29
|
2.12
|
3.11
|
4.19
|
5.61
|
9.13
|
14.17
|
14.29
|
7.70
|
4.69
|
4.93
|
1997
|
.26
|
.71
|
1.19
|
1.94
|
2.87
|
3.99
|
5.29
|
8.55
|
13.25
|
13.62
|
7.31
|
4.47
|
4.63
|
1998
|
.23
|
.76
|
1.23
|
1.98
|
2.95
|
4.09
|
5.53
|
8.73
|
13.42
|
13.65
|
7.27
|
4.63
|
4.73
|
1999
|
.24
|
.84
|
1.32
|
1.90
|
2.94
|
4.13
|
5.52
|
8.36
|
13.32
|
13.85
|
7.71
|
4.66
|
4.71
|
2000
|
.28
|
.94
|
1.38
|
1.90
|
2.88
|
3.95
|
5.18
|
7.98
|
12.84
|
13.52
|
6.83
|
4.56
|
4.56
|
2001
|
.36
|
1.16
|
1.72
|
2.19
|
3.19
|
4.27
|
5.59
|
8.43
|
13.53
|
14.31
|
7.34
|
5.01
|
4.94
|
2002
|
.38
|
1.37
|
1.85
|
2.32
|
3.39
|
4.57
|
6.02
|
8.86
|
13.71
|
15.01
|
7.55
|
5.38
|
5.20
|
2003
|
.37
|
1.26
|
1.83
|
2.46
|
3.45
|
4.65
|
6.07
|
8.92
|
13.77
|
15.14
|
7.02
|
5.52
|
5.25
|
2004
|
.33
|
1.24
|
1.85
|
2.52
|
3.38
|
4.64
|
6.07
|
9.01
|
13.72
|
15.39
|
6.21
|
5.63
|
5.26
|
2005
|
.53
|
1.34
|
1.89
|
2.48
|
3.39
|
4.52
|
5.83
|
8.45
|
13.01
|
14.71
|
7.58
|
5.51
|
5.09
|
2006
|
.43
|
1.22
|
1.76
|
2.33
|
3.23
|
4.33
|
5.61
|
8.18
|
12.65
|
14.52
|
7.24
|
5.38
|
4.90
|
2007
|
.43
|
1.21
|
1.75
|
2.31
|
3.20
|
4.28
|
5.54
|
8.07
|
12.46
|
14.58
|
7.06
|
5.39
|
4.86
|
2008
|
.49
|
1.27
|
1.81
|
2.36
|
3.27
|
4.34
|
5.61
|
8.14
|
12.52
|
14.92
|
7.20
|
5.54
|
4.93
|
2009
|
.63
|
1.41
|
1.95
|
2.50
|
3.41
|
4.47
|
5.76
|
8.30
|
12.69
|
15.09
|
8.04
|
5.76
|
5.08
|
2010
|
.52
|
1.31
|
1.85
|
2.41
|
3.32
|
4.38
|
5.70
|
8.25
|
12.68
|
15.02
|
7.92
|
5.74
|
5.00
|
2011
|
.36
|
1.15
|
1.70
|
2.26
|
3.17
|
4.25
|
5.57
|
8.14
|
12.60
|
14.91
|
7.74
|
5.64
|
4.87
|
2012
|
.36
|
1.16
|
1.71
|
2.28
|
3.19
|
4.29
|
5.61
|
8.20
|
12.69
|
15.01
|
7.85
|
5.72
|
4.90
|
2013
|
.37
|
1.17
|
1.72
|
2.30
|
3.20
|
4.33
|
5.64
|
8.26
|
12.78
|
15.11
|
8.04
|
5.79
|
4.94
|
2014
|
.37
|
1.18
|
1.73
|
2.31
|
3.22
|
4.36
|
5.67
|
8.32
|
12.87
|
15.22
|
8.08
|
5.86
|
4.97
|
Total
|
|||||||||||||
1980
|
.26
|
.63
|
.92
|
1.44
|
2.36
|
3.65
|
5.66
|
9.03
|
15.04
|
18.15
|
12.66
|
4.36
|
4.82
|
1985
|
.20
|
.74
|
1.25
|
1.72
|
2.28
|
3.27
|
4.89
|
8.17
|
12.47
|
14.34
|
8.77
|
3.93
|
4.30
|
1990
|
.32
|
.86
|
1.41
|
2.00
|
2.62
|
3.38
|
4.78
|
7.74
|
13.18
|
14.86
|
8.43
|
4.06
|
4.48
|
1995
|
.39
|
1.02
|
1.65
|
2.55
|
3.46
|
4.41
|
5.80
|
9.42
|
15.89
|
17.87
|
9.74
|
5.24
|
5.54
|
1996
|
.35
|
.92
|
1.49
|
2.33
|
3.24
|
4.20
|
5.61
|
9.04
|
14.99
|
16.68
|
9.04
|
4.99
|
5.24
|
1997
|
.32
|
.88
|
1.31
|
2.01
|
2.82
|
3.82
|
5.12
|
8.33
|
13.96
|
15.72
|
8.61
|
4.63
|
4.80
|
1998
|
.31
|
.91
|
1.33
|
1.98
|
2.81
|
3.89
|
5.29
|
8.46
|
13.83
|
15.53
|
8.46
|
4.72
|
4.83
|
1999
|
.31
|
.99
|
1.38
|
1.90
|
2.81
|
3.91
|
5.27
|
8.21
|
13.58
|
15.50
|
9.00
|
4.73
|
4.78
|
2000
|
.34
|
1.10
|
1.45
|
1.86
|
2.74
|
3.75
|
4.99
|
7.91
|
13.22
|
15.22
|
8.16
|
4.66
|
4.66
|
2001
|
.45
|
1.38
|
1.79
|
2.13
|
3.00
|
4.03
|
5.33
|
8.39
|
13.90
|
16.09
|
8.38
|
5.10
|
5.02
|
2002
|
.50
|
1.63
|
1.90
|
2.22
|
3.17
|
4.29
|
5.72
|
8.86
|
14.35
|
16.83
|
8.48
|
5.49
|
5.30
|
2003
|
.47
|
1.45
|
1.87
|
2.34
|
3.24
|
4.38
|
5.83
|
9.02
|
14.52
|
16.93
|
8.13
|
5.64
|
5.37
|
2004
|
.39
|
1.40
|
1.87
|
2.39
|
3.16
|
4.37
|
5.84
|
9.01
|
14.49
|
17.06
|
7.11
|
5.71
|
5.35
|
2005
|
.61
|
1.52
|
1.92
|
2.36
|
3.18
|
4.24
|
5.58
|
8.49
|
13.59
|
16.20
|
8.51
|
5.59
|
5.17
|
2006
|
.51
|
1.39
|
1.78
|
2.21
|
3.01
|
4.06
|
5.36
|
8.20
|
13.18
|
15.95
|
8.10
|
5.45
|
4.97
|
2007
|
.51
|
1.38
|
1.77
|
2.18
|
2.98
|
4.01
|
5.28
|
8.08
|
12.95
|
15.97
|
7.86
|
5.45
|
4.91
|
2008
|
.57
|
1.43
|
1.83
|
2.24
|
3.05
|
4.06
|
5.35
|
8.15
|
13.01
|
16.34
|
7.87
|
5.60
|
4.99
|
2009
|
.70
|
1.57
|
1.97
|
2.38
|
3.20
|
4.20
|
5.50
|
8.31
|
13.18
|
16.52
|
8.85
|
5.83
|
5.14
|
2010
|
.60
|
1.46
|
1.87
|
2.28
|
3.10
|
4.11
|
5.43
|
8.26
|
13.16
|
16.45
|
8.72
|
5.81
|
5.06
|
2011
|
.44
|
1.31
|
1.72
|
2.13
|
2.95
|
3.97
|
5.30
|
8.14
|
13.07
|
16.32
|
8.52
|
5.71
|
4.92
|
2012
|
.44
|
1.32
|
1.72
|
2.14
|
2.96
|
4.00
|
5.33
|
8.19
|
13.15
|
16.39
|
8.64
|
5.78
|
4.95
|
2013
|
.44
|
1.33
|
1.73
|
2.16
|
2.97
|
4.03
|
5.36
|
8.24
|
13.21
|
16.46
|
8.82
|
5.84
|
4.97
|
2014
|
.45
|
1.34
|
1.74
|
2.17
|
2.98
|
4.05
|
5.37
|
8.28
|
13.28
|
16.55
|
8.85
|
5.90
|
5.00
|
1See Glossary for definition of "Normal retirement ageNRA." |
Sources:
Note: Future estimates based on 2005 Trustees Report intermediate set of assumptions.