Short-Range Actuarial Projections
of the Old-Age, Survivors, and
Disability Insurance Program, 2005

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ACTUARIAL STUDY NO. 119
by Chris Motsiopoulos
and Richard B. Tucker

III.E1.—Average Monthly Benefit of Retired Workers In Force, Awarded, Terminated, and In Current-Payment Status
(By gender, calendar years 1980-2014)
[Numbers in thousands]
Year
Benefit
increase
(percent)
In force
beginning of year
Awards
during year
Terminations
during year
In force
end of year
Current-payment status end of year
Number
Average
benefit
Number
Average
benefit
Number
Ratio to
average
benefit
in force
beginning
of year
Average
benefit
Number
Average
benefit
Ratio to
average
benefit
in force
end of
year
Average
benefit
 
Male
1980
14.3
10,569.0
$331.38
942.1
$425.00
681.4
0.8934
$338.39
10,829.7
$385.33
0.9866
$380.18
1985
3.1
11,867.6
521.60
982.6
525.65
733.5
.8460
454.98
12,116.0
541.80
.9937
538.37
1990
5.4
13,029.7
642.38
967.0
688.99
748.2
.8802
595.97
13,248.3
682.52
.9952
679.27
1995
2.6
14,033.0
788.59
923.9
815.15
794.0
.9085
735.07
14,163.8
813.64
.9958
810.21
1996
2.9
14,163.8
813.64
902.0
844.35
799.1
.9163
767.20
14,267.6
841.61
.9958
838.11
1997
2.1
14,267.6
841.61
895.7
872.45
804.5
.9191
789.80
14,359.0
864.00
.9959
860.47
1998
1.3
14,359.0
864.00
894.9
893.89
813.8
.9189
804.26
14,440.0
880.39
.9961
876.93
1999
1 2.5
14,440.0
880.39
940.4
940.03
825.2
.9377
846.19
14,556.2
908.02
.9963
904.62
2000
3.5
14,556.2
908.02
1,116.5
1,023.53
825.1
.9179
862.64
14,845.1
950.39
1.0007
951.05
2001
2.6
14,845.1
950.39
982.1
1,034.95
828.6
.9120
889.33
14,998.3
983.76
1.0008
984.58
2002
1.4
14,998.3
983.76
1,001.1
1,077.24
831.1
1.0273
1,024.81
15,167.1
1,001.30
1.0065
1,007.81
2003
2.1
15,167.1
1,001.30
969.2
1,111.58
818.8
.8217
840.06
15,317.9
1,037.72
1.0009
1,038.68
2004
2.7
15,317.9
1,037.72
1,009.5
1,134.39
820.6
.9147
974.84
15,506.0
1,075.02
1.0010
1,076.11
2005
2.0
15,506.0
1,075.02
1,034.8
1,155.04
829.7
.9498
1,041.47
15,708.7
1,103.28
1.0010
1,104.71
2006
2.2
15,708.7
1,103.28
1,087.0
1,189.29
828.9
.9569
1,079.00
15,966.8
1,134.28
1.0010
1,135.69
2007
2.7
15,966.8
1,134.28
1,158.5
1,229.23
837.7
.9534
1,110.57
16,287.6
1,172.27
1.0010
1,173.74
2008
2.8
16,287.6
1,172.27
1,243.4
1,269.72
856.1
.9417
1,134.80
16,674.9
1,213.53
1.0010
1,215.03
2009
2.8
16,674.9
1,213.53
1,351.5
1,324.51
878.2
.8949
1,116.35
17,148.2
1,260.29
1.0010
1,261.85
2010
2.8
17,148.2
1,260.29
1,400.9
1,383.73
904.1
.8726
1,130.46
17,645.0
1,311.04
1.0010
1,312.66
2011
2.8
17,645.0
1,311.04
1,473.9
1,445.89
931.5
.8566
1,154.54
18,187.3
1,365.60
1.0010
1,367.25
2012
2.8
18,187.3
1,365.60
1,559.7
1,510.89
944.5
.8629
1,211.38
18,802.5
1,422.38
1.0010
1,424.12
2013
2.8
18,802.5
1,422.38
1,619.7
1,574.65
959.8
.8683
1,269.71
19,462.4
1,481.06
1.0010
1,482.87
2014
2.8
19,462.4
1,481.06
1,651.1
1,636.70
977.1
.8738
1,330.38
20,136.4
1,541.22
1.0010
1,543.13
 
Female
1980
14.3
8,872.5
257.80
670.6
276.10
347.2
.5597
164.92
9,195.9
298.21
.9955
296.86
1985
3.1
10,438.8
397.58
699.8
331.84
415.0
.4825
197.79
10,723.5
413.02
.9977
412.09
1990
5.4
11,732.6
488.73
687.1
424.23
466.1
.5393
277.82
11,953.4
519.15
.9988
518.55
1995
2.6
12,712.5
601.76
684.2
518.80
536.0
.6281
387.79
12,860.9
621.73
.9992
621.22
1996
2.9
12,860.9
621.73
678.5
539.32
547.6
.6408
409.99
12,992.2
644.20
.9992
643.70
1997
2.1
12,992.2
644.20
822.1
592.00
560.6
.6615
435.07
13,253.6
663.07
.9992
662.53
1998
1.3
13,253.6
663.07
735.9
584.57
585.1
.6756
453.78
13,404.4
676.42
.9993
675.93
1999
1 2.5
13,404.4
676.42
748.8
613.82
605.2
.7074
490.45
13,548.8
698.00
.9993
697.50
2000
3.5
13,548.8
698.00
842.8
665.29
615.7
.6706
484.46
13,776.0
729.57
1.0004
729.89
2001
2.6
13,776.0
729.57
795.7
684.55
624.8
.6744
504.78
13,946.8
755.81
1.0005
756.18
2002
1.4
13,946.8
755.81
811.4
713.11
628.0
.6355
487.01
14,129.7
775.75
.9979
774.09
2003
2.1
14,129.7
775.75
822.1
740.43
625.9
.7656
606.39
14,326.1
797.19
1.0005
797.62
2004
2.7
14,326.1
797.19
873.5
760.96
628.7
.7085
580.06
14,569.8
825.55
1.0007
826.09
2005
2.0
14,569.8
825.55
892.7
775.19
642.1
.8025
675.71
14,819.7
845.24
1.0007
846.03
2006
2.2
14,819.7
845.24
932.2
801.37
628.1
.7130
615.93
15,123.8
870.28
1.0007
871.05
2007
2.7
15,123.8
870.28
991.3
831.27
640.8
.6933
619.62
15,474.3
901.13
1.0007
901.93
2008
2.8
15,474.3
901.13
1,075.7
861.18
666.7
.6753
625.54
15,883.3
934.57
1.0007
935.39
2009
2.8
15,883.3
934.57
1,184.0
902.80
687.5
.6264
601.80
16,379.7
971.62
1.0007
972.47
2010
2.8
16,379.7
971.62
1,235.5
946.33
708.3
.6023
601.61
16,907.0
1,011.63
1.0007
1,012.52
2011
2.8
16,907.0
1,011.63
1,303.0
992.60
727.5
.5864
609.84
17,482.5
1,054.32
1.0007
1,055.22
2012
2.8
17,482.5
1,054.32
1,384.0
1,042.52
739.8
.5860
635.11
18,126.8
1,099.00
1.0007
1,099.95
2013
2.8
18,126.8
1,099.00
1,441.8
1,091.75
751.0
.5825
658.04
18,817.5
1,145.69
1.0007
1,146.68
2014
2.8
18,817.5
1,145.69
1,481.3
1,138.47
762.8
.5821
685.55
19,536.1
1,194.01
1.0007
1,195.06

1Benefit increase for 1999 was originally determined as 2.4 percent, but pursuant to Public Law 106-554 is effectively now 2.5 percent.

Sources:

Note: Future estimates based on 2005 Trustees Report intermediate set of assumptions.


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