Short-Range Actuarial Projections |
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ACTUARIAL STUDY NO. 119
by Chris Motsiopoulos and Richard B. Tucker | |||||
|
Year
|
Minor children
|
Disabled children
|
Student children
|
|||||
|---|---|---|---|---|---|---|---|---|
|
Ratio to
average benefit for disabled worker |
Average
benefit 1 |
Ratio to
average benefit for disabled worker |
Average
benefit 1 |
Ratio to
average benefit for disabled worker |
Average
benefit 1 |
|||
|
1980
|
$398.85
|
0.2534
|
$101.06
|
0.3238
|
$129.16
|
0.3521
|
$140.44
|
$116.43
|
|
1981
|
429.12
|
.2221
|
95.29
|
.3188
|
136.81
|
.3599
|
154.45
|
119.58
|
|
1982
|
443.74
|
.2224
|
98.69
|
.3322
|
147.41
|
.3707
|
164.48
|
125.86
|
|
1983
|
446.46
|
.2367
|
105.67
|
.3388
|
151.26
|
.3850
|
171.89
|
127.12
|
|
1984
|
458.44
|
.2362
|
108.28
|
.3472
|
159.18
|
.3964
|
181.73
|
128.39
|
|
1985
|
473.65
|
.2354
|
111.51
|
.3439
|
162.90
|
.3985
|
188.76
|
130.00
|
|
1986
|
478.30
|
.2364
|
113.08
|
.3464
|
165.66
|
.4037
|
193.11
|
130.93
|
|
1987
|
508.04
|
.2298
|
116.73
|
.3219
|
163.52
|
.3964
|
201.41
|
136.09
|
|
1988
|
538.08
|
.2194
|
118.04
|
.3017
|
162.34
|
.3962
|
213.17
|
141.31
|
|
1989
|
565.49
|
.2217
|
125.38
|
.3196
|
180.75
|
.3993
|
225.79
|
148.65
|
|
1990
|
597.61
|
.2203
|
131.67
|
.3188
|
190.51
|
.3874
|
231.50
|
153.78
|
|
1991
|
614.80
|
.2198
|
135.16
|
.3231
|
198.66
|
.3839
|
236.04
|
155.80
|
|
1992
|
619.96
|
.2182
|
135.25
|
.3197
|
198.19
|
.3830
|
237.42
|
154.50
|
|
1993
|
638.37
|
.2165
|
138.24
|
.3169
|
202.30
|
.3797
|
242.40
|
158.46
|
|
1994
|
666.19
|
.2167
|
144.33
|
.3175
|
211.54
|
.3728
|
248.34
|
164.74
|
|
1995
|
693.79
|
.2221
|
154.08
|
.3155
|
218.92
|
.3736
|
259.23
|
175.55
|
|
1996
|
714.40
|
.2297
|
164.09
|
.3242
|
231.64
|
.3786
|
270.49
|
186.23
|
|
1997
|
734.09
|
.2350
|
172.53
|
.3279
|
240.74
|
.3803
|
279.19
|
196.49
|
|
1998
|
747.42
|
.2396
|
179.10
|
.3353
|
250.58
|
.3825
|
285.92
|
204.60
|
|
1999
|
783.47
|
.2367
|
185.48
|
.3223
|
252.50
|
.3773
|
295.59
|
211.84
|
|
2000
|
835.44
|
.2373
|
198.25
|
.3061
|
255.71
|
.3742
|
312.60
|
225.50
|
|
2001
|
868.97
|
.2356
|
204.75
|
.3173
|
275.69
|
.3768
|
327.44
|
233.34
|
|
2002
|
897.99
|
.2261
|
203.00
|
.3022
|
271.35
|
.3649
|
327.69
|
232.08
|
|
2003
|
936.45
|
.2222
|
208.05
|
.2909
|
272.44
|
.3610
|
338.06
|
238.70
|
|
2004
|
968.04
|
.2228
|
215.66
|
.2802
|
271.26
|
.3617
|
350.11
|
248.41
|
|
2005
|
985.98
|
.2230
|
219.90
|
.2808
|
276.82
|
.3613
|
356.26
|
253.52
|
|
2006
|
1,011.16
|
.2227
|
225.18
|
.2801
|
283.26
|
.3615
|
365.53
|
261.40
|
|
2007
|
1,047.94
|
.2228
|
233.51
|
.2803
|
293.70
|
.3617
|
379.04
|
271.57
|
|
2008
|
1,091.99
|
.2228
|
243.33
|
.2803
|
306.06
|
.3617
|
394.94
|
284.24
|
|
2009
|
1,138.68
|
.2227
|
253.59
|
.2801
|
318.95
|
.3615
|
411.62
|
296.78
|
|
2010
|
1,190.66
|
.2227
|
265.19
|
.2802
|
333.59
|
.3615
|
430.40
|
311.20
|
|
2011
|
1,247.44
|
.2228
|
277.94
|
.2802
|
349.55
|
.3616
|
451.09
|
326.16
|
|
2012
|
1,302.95
|
.2228
|
290.30
|
.2802
|
365.15
|
.3616
|
471.19
|
340.68
|
|
2013
|
1,357.84
|
.2227
|
302.43
|
.2802
|
380.43
|
.3615
|
490.88
|
355.41
|
|
2014
|
1,414.06
|
.2226
|
314.82
|
.2800
|
395.96
|
.3614
|
511.01
|
369.98
|
| 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.