Short-Range Actuarial Projections |
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ACTUARIAL STUDY NO. 119
by Chris Motsiopoulos and Richard B. Tucker | |||||
|
Year
|
Average monthly benefit 1
|
Ratio of
female benefit to male benefit |
||
|---|---|---|---|---|
|
Male
|
Female
|
Total
|
||
|
1980
|
$440.75
|
$304.32
|
$398.85
|
0.6905
|
|
1981
|
475.27
|
324.15
|
429.12
|
.6820
|
|
1982
|
492.88
|
331.72
|
443.74
|
.6730
|
|
1983
|
497.07
|
332.75
|
446.46
|
.6694
|
|
1984
|
511.51
|
343.74
|
458.44
|
.6720
|
|
1985
|
530.28
|
355.76
|
473.65
|
.6709
|
|
1986
|
535.14
|
363.22
|
478.30
|
.6787
|
|
1987
|
570.48
|
384.81
|
508.04
|
.6745
|
|
1988
|
605.51
|
408.40
|
538.08
|
.6745
|
|
1989
|
637.09
|
434.09
|
565.49
|
.6814
|
|
1990
|
672.43
|
462.79
|
597.61
|
.6882
|
|
1991
|
691.46
|
481.38
|
614.80
|
.6962
|
|
1992
|
697.79
|
489.04
|
619.96
|
.7008
|
|
1993
|
718.81
|
507.79
|
638.37
|
.7064
|
|
1994
|
753.07
|
533.86
|
666.19
|
.7089
|
|
1995
|
787.79
|
560.60
|
693.79
|
.7116
|
|
1996
|
812.64
|
584.49
|
714.40
|
.7192
|
|
1997
|
838.22
|
603.63
|
734.09
|
.7201
|
|
1998
|
853.33
|
619.33
|
747.42
|
.7258
|
|
1999
|
892.97
|
652.89
|
783.47
|
.7312
|
|
2000
|
950.37
|
697.62
|
835.44
|
.7340
|
|
2001
|
986.43
|
729.88
|
868.97
|
.7399
|
|
2002
|
1,019.94
|
753.80
|
897.99
|
.7391
|
|
2003
|
1,062.37
|
787.28
|
936.45
|
.7411
|
|
2004
|
1,097.03
|
817.41
|
968.04
|
.7451
|
|
2005
|
1,114.81
|
837.11
|
985.98
|
.7509
|
|
2006
|
1,142.90
|
860.02
|
1,011.16
|
.7525
|
|
2007
|
1,185.24
|
891.70
|
1,047.94
|
.7523
|
|
2008
|
1,234.80
|
930.16
|
1,091.99
|
.7533
|
|
2009
|
1,286.37
|
971.71
|
1,138.68
|
.7554
|
|
2010
|
1,345.03
|
1,016.82
|
1,190.66
|
.7560
|
|
2011
|
1,409.67
|
1,065.80
|
1,247.44
|
.7561
|
|
2012
|
1,471.92
|
1,115.05
|
1,302.95
|
.7575
|
|
2013
|
1,532.71
|
1,164.64
|
1,357.84
|
.7599
|
|
2014
|
1,594.78
|
1,215.51
|
1,414.06
|
.7622
|
| 1For each year, benefit amounts awarded before the annual benefit increase are converted to post-increase rates before computation of the average monthly benefit. |
Source: Historical average monthly benefit amount awarded from 1-A Table Awards Supplement; future amounts based on results of simulated sample of future awards.
Note: Future estimates based on 2005 Trustees Report intermediate set of assumptions.