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
|
$425.00
|
$276.10
|
$363.09
|
0.6496
|
|
1981
|
469.80
|
305.90
|
402.07
|
.6511
|
|
1982
|
486.90
|
309.00
|
412.60
|
.6346
|
|
1983
|
496.87
|
316.36
|
421.75
|
.6367
|
|
1984
|
506.81
|
321.62
|
429.16
|
.6346
|
|
1985
|
525.65
|
331.84
|
445.04
|
.6313
|
|
1986
|
543.30
|
339.72
|
458.80
|
.6253
|
|
1987
|
576.99
|
358.15
|
485.47
|
.6207
|
|
1988
|
603.71
|
373.12
|
507.13
|
.6180
|
|
1989
|
643.89
|
396.53
|
540.58
|
.6158
|
|
1990
|
688.99
|
424.23
|
579.01
|
.6157
|
|
1991
|
717.47
|
441.25
|
604.31
|
.6150
|
|
1992
|
743.36
|
459.62
|
626.34
|
.6183
|
|
1993
|
765.84
|
479.04
|
646.82
|
.6255
|
|
1994
|
792.99
|
498.74
|
668.94
|
.6289
|
|
1995
|
815.15
|
518.80
|
689.06
|
.6364
|
|
1996
|
844.35
|
539.32
|
713.41
|
.6387
|
|
1997
|
872.45
|
592.00
|
738.23
|
.6785
|
|
1998
|
893.89
|
584.57
|
754.31
|
.6540
|
|
1999
|
940.03
|
613.82
|
795.43
|
.6530
|
|
2000
|
1,023.53
|
665.29
|
869.43
|
.6500
|
|
2001
|
1,034.95
|
684.55
|
878.13
|
.6614
|
|
2002
|
1,077.24
|
713.11
|
914.23
|
.6620
|
|
2003
|
1,111.58
|
740.43
|
941.24
|
.6661
|
|
2004
|
1,134.39
|
760.96
|
961.16
|
.6708
|
|
2005
|
1,155.04
|
775.19
|
979.11
|
.6711
|
|
2006
|
1,189.29
|
801.37
|
1,010.20
|
.6738
|
|
2007
|
1,229.23
|
831.27
|
1,045.73
|
.6763
|
|
2008
|
1,269.72
|
861.18
|
1,080.23
|
.6782
|
|
2009
|
1,324.51
|
902.80
|
1,127.59
|
.6816
|
|
2010
|
1,383.73
|
946.33
|
1,178.75
|
.6839
|
|
2011
|
1,445.89
|
992.60
|
1,233.19
|
.6865
|
|
2012
|
1,510.89
|
1,042.52
|
1,290.68
|
.6900
|
|
2013
|
1,574.65
|
1,091.75
|
1,347.23
|
.6933
|
|
2014
|
1,636.70
|
1,138.47
|
1,401.09
|
.6956
|
| 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.