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.E12.—Current-Payment Benefits to Retired Workers
(Calendar years 1980-2004, and calendar quarters 2005-14)
[Numbers in thousands, amounts in millions]
Calendar
period
Male retired workers
Female retired workers
Total retired workers
In current-payment
status at
midpoint of period
Total
current-payment
benefits during period
In current-payment
status at
midpoint of period
Total
current-payment
benefits during period
In current-payment
status at
midpoint of period
Total
current-payment
benefits during period
Number
Average
benefit
Rate
Amount
Number
Average
benefit
Rate
Amount
Number
Average
benefit
Rate
Amount
1980
10,278.5
$352.97
12.030
$43,644.3
8,889.1
$276.16
12.028
$29,526.9
19,167.6
$317.35
12.029
$73,171.1
1981
10,571.8
405.57
12.022
51,544.9
9,220.1
315.38
12.023
34,960.1
19,791.9
363.56
12.022
86,505.0
1982
10,853.5
449.62
12.030
58,707.4
9,538.8
347.86
12.023
39,894.8
20,392.2
402.02
12.027
98,602.2
1983
11,194.1
473.71
12.006
63,662.8
9,866.2
363.98
12.009
43,125.5
21,060.2
422.30
12.007
106,788.3
1984
11,431.5
497.06
12.021
68,302.5
10,156.8
380.85
12.016
46,480.6
21,588.3
442.39
12.019
114,783.2
1985
11,665.3
520.02
12.021
72,919.1
10,442.4
398.04
12.013
49,931.5
22,107.7
462.40
12.017
122,850.6
1986
11,920.2
540.54
12.021
77,452.4
10,726.7
413.54
12.012
53,284.6
22,646.9
480.39
12.017
130,737.1
1987
12,185.7
552.29
12.010
80,824.8
11,009.8
422.01
12.005
55,778.3
23,195.5
490.45
12.008
136,603.1
1988
12,387.8
580.00
12.003
86,242.2
11,244.3
442.91
12.000
59,764.5
23,632.1
514.77
12.002
146,006.7
1989
12,591.3
607.68
12.002
91,829.6
11,470.0
463.95
12.000
63,854.9
24,061.3
539.16
12.001
155,684.4
1990
12,835.1
641.33
12.003
98,804.3
11,713.1
489.59
11.999
68,810.1
24,548.2
568.93
12.001
167,614.3
1991
13,086.0
681.14
12.000
106,959.6
11,939.3
519.93
11.998
74,480.9
25,025.3
604.23
11.999
181,440.5
1992
13,327.3
711.22
11.998
113,718.8
12,152.9
543.04
11.998
79,178.1
25,480.1
631.01
11.998
192,896.9
1993
13,535.4
737.18
12.005
119,784.0
12,344.2
563.33
12.005
83,478.5
25,879.6
654.26
12.005
203,262.5
1994
13,686.3
760.98
12.006
125,039.0
12,504.7
582.26
12.003
87,394.8
26,191.0
675.65
12.005
212,433.7
1995
13,829.9
786.94
12.007
130,674.5
12,662.7
602.87
12.005
91,643.4
26,492.6
698.96
12.006
222,317.8
1996
13,932.7
811.85
12.009
135,840.1
12,789.9
623.01
12.008
95,681.2
26,722.7
721.47
12.009
231,521.3
1997
14,044.9
839.87
11.999
141,534.3
12,936.2
645.70
12.034
100,516.8
26,981.1
746.77
12.013
242,051.2
1998
14,139.2
862.43
11.998
146,306.8
13,219.1
664.42
11.994
105,346.9
27,358.2
766.76
11.997
251,653.7
1999
14,236.8
879.52
12.000
150,253.2
13,360.7
678.09
11.999
108,707.5
27,597.5
782.00
11.999
258,960.7
2000
14,649.0
911.64
11.912
159,084.0
13,627.6
701.08
11.959
114,252.4
28,276.6
810.16
11.932
273,336.4
2001
14,869.7
954.86
11.994
170,298.9
13,833.4
732.97
11.993
121,599.7
28,703.2
847.92
11.994
291,898.5
2002
15,033.9
988.75
11.995
178,305.4
14,003.8
759.41
11.997
127,581.3
29,037.7
878.14
11.996
305,886.7
2003
15,168.0
1,011.88
12.000
184,174.4
14,185.0
777.26
11.996
132,257.0
29,353.0
898.50
11.998
316,431.4
2004
15,328.1
1,042.91
12.001
191,851.9
14,390.3
800.81
11.997
138,250.8
29,718.3
925.68
11.999
330,102.6
2005-I
15,430.9
1,076.36
3.000
49,827.5
14,520.5
825.88
3.000
35,976.8
29,951.4
954.93
3.000
85,804.2
2005-II
15,478.1
1,077.77
3.000
50,045.6
14,571.6
826.55
3.000
36,132.7
30,049.8
955.95
3.000
86,178.3
2005-III
15,560.4
1,079.51
3.000
50,392.6
14,662.8
827.55
3.000
36,402.6
30,223.2
957.27
3.000
86,795.2
2005-IV
15,621.2
1,081.57
3.000
50,686.0
14,741.8
828.72
3.000
36,650.4
30,363.0
958.80
3.000
87,336.4
2006-I
15,636.4
1,104.92
3.000
51,830.9
14,771.9
846.04
3.000
37,492.9
30,408.2
979.16
3.000
89,323.9
2006-II
15,699.4
1,106.22
3.000
52,101.2
14,832.3
847.44
3.000
37,708.5
30,531.7
980.51
3.000
89,809.6
2006-III
15,796.2
1,107.86
3.000
52,499.8
14,935.8
849.18
3.000
38,049.4
30,732.0
982.14
3.000
90,549.1
2006-IV
15,867.6
1,109.82
3.000
52,830.7
15,031.6
851.08
3.000
38,379.5
30,899.2
983.95
3.000
91,210.1
2007-I
15,894.1
1,135.95
3.000
54,164.7
15,074.8
871.12
3.000
39,396.2
30,969.0
1,007.04
3.000
93,560.9
2007-II
15,972.0
1,137.40
3.000
54,499.9
15,143.8
872.74
3.000
39,649.9
31,115.8
1,008.59
3.000
94,149.8
2007-III
16,084.8
1,139.20
3.000
54,971.4
15,258.6
874.71
3.000
40,040.5
31,343.4
1,010.44
3.000
95,011.9
2007-IV
16,172.7
1,141.34
3.000
55,375.7
15,369.4
876.85
3.000
40,429.9
31,542.1
1,012.46
3.000
95,805.6
2008-I
16,213.6
1,174.07
3.000
57,107.6
15,425.2
902.05
3.000
41,743.2
31,638.8
1,041.45
3.000
98,850.8
2008-II
16,304.3
1,175.77
3.000
57,510.2
15,505.2
903.87
3.000
42,043.8
31,809.5
1,043.23
3.000
99,554.0
2008-III
16,433.1
1,177.81
3.000
58,065.4
15,634.2
906.04
3.000
42,495.6
32,067.3
1,045.31
3.000
100,561.1
2008-IV
16,541.4
1,180.22
3.000
58,567.4
15,763.2
908.40
3.000
42,957.9
32,304.7
1,047.58
3.000
101,525.3
2009-I
16,599.8
1,215.70
3.000
60,541.2
15,835.5
935.71
3.000
44,452.2
32,435.2
1,079.01
3.000
104,993.4
2009-II
16,705.5
1,218.45
3.000
61,064.2
15,931.6
938.17
3.000
44,839.5
32,637.0
1,081.63
3.000
105,903.7
2009-III
16,853.1
1,221.56
3.000
61,761.2
16,080.9
941.00
3.000
45,396.6
32,934.0
1,084.57
3.000
107,157.8
2009-IV
16,985.8
1,225.04
3.000
62,424.6
16,236.0
944.03
3.000
45,981.6
33,221.7
1,087.70
3.000
108,406.2
2010-I
17,059.0
1,262.73
3.000
64,622.5
16,326.5
972.93
3.000
47,653.4
33,385.5
1,121.00
3.000
112,275.9
2010-II
17,164.8
1,266.11
3.000
65,197.4
16,429.7
975.85
3.000
48,098.6
33,594.5
1,124.15
3.000
113,296.0
2010-III
17,319.3
1,269.87
3.000
65,980.0
16,588.7
979.16
3.000
48,728.8
33,908.0
1,127.65
3.000
114,708.8
2010-IV
17,469.8
1,274.01
3.000
66,770.5
16,755.3
982.67
3.000
49,394.5
34,225.1
1,131.38
3.000
116,165.0
2011-I
17,554.5
1,313.71
3.000
69,184.8
16,854.4
1,013.08
3.000
51,224.3
34,408.9
1,166.45
3.000
120,409.0
2011-II
17,663.4
1,317.65
3.000
69,822.7
16,964.8
1,016.36
3.000
51,727.0
34,628.2
1,170.04
3.000
121,549.7
2011-III
17,825.8
1,321.99
3.000
70,696.3
17,133.7
1,020.05
3.000
52,431.8
34,959.5
1,174.01
3.000
123,128.1
2011-IV
17,990.4
1,326.72
3.000
71,604.8
17,312.3
1,023.95
3.000
53,180.6
35,302.7
1,178.24
3.000
124,785.4
2012-I
18,089.1
1,368.35
3.000
74,256.4
17,422.7
1,055.82
3.000
55,185.5
35,511.8
1,215.01
3.000
129,441.9
2012-II
18,216.1
1,372.45
3.000
75,002.2
17,547.9
1,059.30
3.000
55,765.3
35,764.0
1,218.80
3.000
130,767.5
2012-III
18,399.3
1,376.97
3.000
76,005.7
17,735.8
1,063.20
3.000
56,570.1
36,135.1
1,222.96
3.000
132,575.8
2012-IV
18,586.8
1,381.90
3.000
77,055.4
17,938.0
1,067.32
3.000
57,436.6
36,524.8
1,227.40
3.000
134,492.0
2013-I
18,700.7
1,425.22
3.000
79,958.0
18,065.5
1,100.58
3.000
59,647.6
36,766.2
1,265.71
3.000
139,605.5
2013-II
18,833.2
1,429.38
3.000
80,759.4
18,200.1
1,104.23
3.000
60,291.3
37,033.2
1,269.59
3.000
141,050.7
2013-III
19,027.2
1,433.97
3.000
81,853.5
18,400.5
1,108.32
3.000
61,181.2
37,427.8
1,273.87
3.000
143,034.7
2013-IV
19,233.0
1,438.99
3.000
83,028.0
18,617.4
1,112.64
3.000
62,143.5
37,850.4
1,278.47
3.000
145,171.6
2014-I
19,356.4
1,483.94
3.000
86,171.6
18,754.5
1,147.31
3.000
64,551.6
38,110.9
1,318.29
3.000
150,723.2
2014-II
19,487.1
1,488.05
3.000
86,993.4
18,894.5
1,151.04
3.000
65,244.6
38,381.5
1,322.15
3.000
152,238.0
2014-III
19,684.2
1,492.61
3.000
88,142.5
19,102.9
1,155.22
3.000
66,204.1
38,787.1
1,326.44
3.000
154,346.6
2014-IV
19,899.0
1,497.61
3.000
89,403.0
19,328.5
1,159.64
3.000
67,242.2
39,227.5
1,331.08
3.000
156,645.3

Sources:

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

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