Short-Range Actuarial Projections |
 |
 |
 |
 |
 |
ACTUARIAL STUDY NO. 119
by Chris Motsiopoulos and Richard B. Tucker | |||||
|
Year
|
Young spouses
|
Aged spouses
|
||||
|---|---|---|---|---|---|---|
|
Ratio to average benefit
for disabled worker |
Average benefit1
|
Ratio to average benefit
for disabled worker |
Average benefit1
|
|||
|
Male workers
|
||||||
|
1980
|
$440.75
|
0.2407
|
$106.09
|
0.2977
|
$131.23
|
$113.71
|
|
1985
|
530.28
|
.1886
|
100.03
|
.3203
|
169.83
|
127.98
|
|
1990
|
672.43
|
.1700
|
114.28
|
.3138
|
211.02
|
150.61
|
|
1995
|
787.79
|
.1627
|
128.21
|
.3290
|
259.16
|
177.44
|
|
1996
|
812.64
|
.1636
|
132.92
|
.3253
|
264.35
|
185.14
|
|
1997
|
838.22
|
.1634
|
136.96
|
.3067
|
257.11
|
194.33
|
|
1998
|
853.33
|
.1669
|
142.38
|
.3052
|
260.46
|
200.97
|
|
1999
|
892.97
|
.1659
|
148.11
|
.3010
|
268.79
|
209.41
|
|
2000
|
950.37
|
.1684
|
160.09
|
.2911
|
276.61
|
222.06
|
|
2001
|
986.43
|
.1703
|
167.96
|
.2911
|
287.19
|
231.87
|
|
2002
|
1,019.94
|
.1667
|
170.05
|
.2806
|
286.21
|
231.21
|
|
2003
|
1,062.37
|
.1656
|
175.97
|
.2782
|
295.58
|
240.87
|
|
2004
|
1,097.03
|
.1654
|
181.50
|
.2706
|
296.82
|
248.43
|
|
2005
|
1,114.81
|
.1663
|
185.39
|
.2697
|
300.69
|
252.75
|
|
2006
|
1,142.90
|
.1657
|
189.33
|
.2709
|
309.62
|
262.15
|
|
2007
|
1,185.24
|
.1657
|
196.34
|
.2709
|
321.09
|
273.79
|
|
2008
|
1,234.80
|
.1656
|
204.53
|
.2709
|
334.50
|
287.91
|
|
2009
|
1,286.37
|
.1656
|
213.08
|
.2709
|
348.49
|
301.78
|
|
2010
|
1,345.03
|
.1656
|
222.80
|
.2709
|
364.38
|
316.34
|
|
2011
|
1,409.67
|
.1657
|
233.52
|
.2709
|
381.87
|
331.44
|
|
2012
|
1,471.92
|
.1656
|
243.81
|
.2709
|
398.76
|
345.98
|
|
2013
|
1,532.71
|
.1657
|
253.90
|
.2709
|
415.20
|
360.63
|
|
2014
|
1,594.78
|
.1656
|
264.17
|
.2709
|
432.04
|
375.15
|
|
Female workers
|
||||||
|
1980
|
304.32
|
.1690
|
51.43
|
.2887
|
87.86
|
87.60
|
|
1985
|
355.76
|
.1910
|
67.93
|
.3413
|
121.42
|
86.33
|
|
1990
|
462.79
|
.1551
|
71.78
|
.2900
|
134.22
|
92.06
|
|
1995
|
560.60
|
.1665
|
93.36
|
.2746
|
153.92
|
113.75
|
|
1996
|
584.49
|
.1786
|
104.41
|
.2903
|
169.67
|
128.18
|
|
1997
|
603.63
|
.1681
|
101.47
|
.2674
|
161.42
|
127.30
|
|
1998
|
619.33
|
.1784
|
110.47
|
.2823
|
174.83
|
139.66
|
|
1999
|
652.89
|
.1760
|
114.91
|
.2742
|
179.03
|
146.89
|
|
2000
|
697.62
|
.1799
|
125.50
|
.2692
|
187.80
|
158.63
|
|
2001
|
729.88
|
.1799
|
131.32
|
.2672
|
195.06
|
164.95
|
|
2002
|
753.80
|
.1744
|
131.44
|
.2400
|
180.88
|
156.60
|
|
2003
|
787.28
|
.1647
|
129.66
|
.2503
|
197.09
|
161.81
|
|
2004
|
817.41
|
.1590
|
129.99
|
.2388
|
195.19
|
164.37
|
|
2005
|
837.11
|
.1606
|
134.45
|
.2395
|
200.49
|
167.97
|
|
2006
|
860.02
|
.1587
|
136.49
|
.2382
|
204.82
|
173.74
|
|
2007
|
891.70
|
.1587
|
141.52
|
.2383
|
212.50
|
182.07
|
|
2008
|
930.16
|
.1587
|
147.62
|
.2382
|
221.56
|
192.08
|
|
2009
|
971.71
|
.1587
|
154.22
|
.2382
|
231.47
|
202.33
|
|
2010
|
1,016.82
|
.1586
|
161.27
|
.2383
|
242.32
|
212.29
|
|
2011
|
1,065.80
|
.1587
|
169.15
|
.2383
|
253.99
|
222.56
|
|
2012
|
1,115.05
|
.1588
|
177.09
|
.2384
|
265.83
|
233.03
|
|
2013
|
1,164.64
|
.1586
|
184.71
|
.2383
|
277.54
|
243.61
|
|
2014
|
1,215.51
|
.1587
|
192.91
|
.2382
|
289.55
|
254.30
|
|
Total
|
||||||
|
1980
|
398.85
|
.2660
|
106.08
|
.3259
|
129.98
|
113.48
|
|
1985
|
473.65
|
.2089
|
98.95
|
.3558
|
168.54
|
126.69
|
|
1990
|
597.61
|
.1888
|
112.84
|
.3496
|
208.91
|
148.76
|
|
1995
|
693.79
|
.1829
|
126.87
|
.3686
|
255.72
|
175.12
|
|
1996
|
714.40
|
.1845
|
131.81
|
.3656
|
261.15
|
183.05
|
|
1997
|
734.09
|
.1848
|
135.67
|
.3463
|
254.19
|
192.07
|
|
1998
|
747.42
|
.1889
|
141.17
|
.3448
|
257.71
|
198.82
|
|
1999
|
783.47
|
.1875
|
146.90
|
.3390
|
265.63
|
207.17
|
|
2000
|
835.44
|
.1900
|
158.72
|
.3269
|
273.09
|
219.55
|
|
2001
|
868.97
|
.1914
|
166.33
|
.3259
|
283.23
|
228.94
|
|
2002
|
897.99
|
.1871
|
167.98
|
.3129
|
280.94
|
227.35
|
|
2003
|
936.45
|
.1848
|
173.09
|
.3105
|
290.80
|
236.53
|
|
2004
|
968.04
|
.1840
|
178.08
|
.3010
|
291.34
|
243.46
|
|
2005
|
985.98
|
.1845
|
181.94
|
.2998
|
295.63
|
247.86
|
|
2006
|
1,011.16
|
.1837
|
185.78
|
.3007
|
304.06
|
256.96
|
|
2007
|
1,047.94
|
.1838
|
192.66
|
.3007
|
315.08
|
268.31
|
|
2008
|
1,091.99
|
.1838
|
200.71
|
.3004
|
328.04
|
282.08
|
|
2009
|
1,138.68
|
.1837
|
209.13
|
.3000
|
341.61
|
295.65
|
|
2010
|
1,190.66
|
.1837
|
218.68
|
.3000
|
357.18
|
309.91
|
|
2011
|
1,247.44
|
.1837
|
229.20
|
.3000
|
374.29
|
324.69
|
|
2012
|
1,302.95
|
.1837
|
239.33
|
.3000
|
390.83
|
338.94
|
|
2013
|
1,357.84
|
.1836
|
249.26
|
.2997
|
406.94
|
353.32
|
|
2014
|
1,414.06
|
.1834
|
259.38
|
.2995
|
423.45
|
367.57
|
| 1For each year, benefit amounts awarded before the annual benefit increase are converted to post-increase rates before computation of the average monthly benefit. |
Sources:
Note: Future estimates based on 2005 Trustees Report intermediate set of assumptions.