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

V.A9.—Summary of OASDI Benefit Payments
(Low cost alternative, calendar quarters 2005-14)
[In millions]
Calendar
period
Total
Retired workers and auxiliaries
Survivors of deceased workers
Disabled workers and auxiliaries
Special
age-72
beneficiaries
Lump-sum
payments
Total
Retired
workers
Dependents
Total
Children
Widowed
mothers
and
fathers
Aged
widows
and
widowers
and
aged
parents
Disabled
widows
and
widowers
Total
Disabled
workers
Dependents
2005-I
$128,029.9
$85,087.7
$79,263.8
$5,823.9
$22,427.1
$3,739.3
$384.6
$17,903.5
$399.6
$20,458.4
$18,747.7
$1,710.8
1/
$56.6
2005-II
128,654.9
85,507.5
79,658.7
5,848.8
22,569.8
3,787.8
382.3
17,993.4
406.3
20,524.3
18,803.9
1,720.4
1/
53.3
2005-III
129,053.1
85,828.0
79,988.5
5,839.4
22,546.4
3,704.2
388.3
18,048.0
406.0
20,628.5
18,942.2
1,686.4
1/
50.2
2005-IV
130,128.5
86,654.3
80,766.2
5,888.1
22,604.4
3,734.6
391.9
18,074.4
403.4
20,823.3
19,132.8
1,690.5
1/
46.5
2006-I
132,495.2
88,057.6
82,134.6
5,922.9
23,025.1
3,852.5
387.8
18,371.7
413.1
21,355.6
19,628.9
1,726.7
1/
57.0
2006-II
133,321.5
88,574.9
82,624.7
5,950.2
23,181.8
3,898.3
385.8
18,477.7
420.0
21,511.2
19,771.7
1,739.5
1/
53.7
2006-III
133,875.5
89,016.6
83,071.7
5,944.9
23,163.2
3,802.8
392.0
18,548.6
419.8
21,645.3
19,940.4
1,704.9
1/
50.5
2006-IV
135,122.2
90,006.5
84,005.4
6,001.2
23,242.9
3,834.3
396.6
18,594.5
417.5
21,825.9
20,114.2
1,711.7
1/
46.8
2007-I
137,754.0
91,573.7
85,527.2
6,046.5
23,682.3
3,947.2
391.9
18,915.8
427.4
22,440.8
20,676.6
1,764.2
1/
57.3
2007-II
138,692.3
92,194.0
86,115.5
6,078.5
23,858.7
3,993.2
390.3
19,040.8
434.4
22,585.7
20,806.8
1,778.9
1/
53.9
2007-III
139,345.8
92,733.0
86,657.6
6,075.5
23,852.7
3,890.4
396.8
19,131.4
434.1
22,709.2
20,965.3
1,743.9
1/
50.7
2007-IV
140,767.1
93,884.7
87,745.4
6,139.2
23,954.9
3,922.4
401.9
19,198.7
431.8
22,880.5
21,128.4
1,752.1
1/
47.1
2008-I
143,589.5
95,575.8
89,389.6
6,186.2
24,424.3
4,036.9
397.3
19,548.1
442.0
23,531.8
21,720.6
1,811.3
1/
57.5
2008-II
144,661.1
96,305.6
90,081.2
6,224.4
24,621.2
4,084.8
396.1
19,691.0
449.4
23,680.2
21,850.9
1,829.3
1/
54.2
2008-III
145,446.7
96,961.3
90,735.9
6,225.4
24,628.3
3,975.5
403.0
19,800.4
449.4
23,806.2
22,012.5
1,793.7
1/
51.0
2008-IV
147,101.6
98,317.5
92,018.8
6,298.7
24,754.4
4,010.0
408.7
19,888.3
447.3
23,982.4
22,178.3
1,804.2
1/
47.2
2009-I
150,597.9
100,247.0
93,893.1
6,353.9
25,260.4
4,129.8
404.4
20,267.6
458.6
25,032.8
23,108.7
1,924.1
1/
57.7
2009-II
151,888.2
101,184.7
94,778.2
6,406.5
25,479.7
4,181.5
403.4
20,428.0
466.8
25,169.4
23,221.4
1,948.1
1/
54.4
2009-III
152,873.6
102,038.5
95,621.6
6,416.9
25,502.1
4,069.1
410.6
20,555.1
467.4
25,281.9
23,369.4
1,912.5
1/
51.1
2009-IV
154,840.9
103,695.9
97,189.3
6,506.6
25,654.1
4,108.3
416.8
20,663.2
465.8
25,443.5
23,516.3
1,927.2
1/
47.4
2010-I
157,862.0
105,821.9
99,258.6
6,563.4
26,192.7
4,231.9
412.4
21,070.4
478.0
25,789.5
23,840.5
1,948.9
1/
57.9
2010-II
159,273.5
106,864.6
100,243.9
6,620.7
26,430.7
4,287.5
411.8
21,244.3
487.1
25,923.6
23,952.2
1,971.4
1/
54.5
2010-III
160,399.0
107,849.2
101,214.2
6,635.0
26,465.8
4,173.4
419.6
21,384.4
488.4
26,032.7
24,101.6
1,931.1
1/
51.3
2010-IV
162,657.7
109,756.7
103,022.7
6,734.0
26,638.5
4,217.8
426.5
21,506.7
487.5
26,214.9
24,270.2
1,944.6
1/
47.6
2011-I
166,054.3
112,191.2
105,390.6
6,800.6
27,210.0
4,346.6
422.2
21,941.3
500.0
26,595.0
24,631.8
1,963.2
1/
58.1
2011-II
167,623.1
113,366.3
106,497.8
6,868.5
27,469.5
4,406.5
422.0
22,134.0
506.9
26,732.6
24,747.2
1,985.4
1/
54.7
2011-III
168,863.4
114,448.7
107,564.0
6,884.8
27,519.5
4,291.1
430.3
22,292.4
505.7
26,843.7
24,900.8
1,942.9
1/
51.4
2011-IV
171,359.0
116,567.6
109,573.2
6,994.4
27,715.4
4,341.1
437.9
22,434.2
502.2
27,028.4
25,072.4
1,956.0
1/
47.7
2012-I
175,393.4
119,196.3
112,141.3
7,054.9
28,324.2
4,474.6
433.4
22,903.1
513.1
27,814.7
25,781.1
2,033.6
1/
58.2
2012-II
177,140.4
120,548.8
113,418.8
7,130.1
28,615.1
4,538.6
433.7
23,123.2
519.6
27,921.7
25,864.3
2,057.3
1/
54.8
2012-III
178,546.0
121,801.7
114,652.4
7,149.3
28,690.4
4,421.4
442.4
23,309.1
517.6
28,002.4
25,988.3
2,014.1
1/
51.6
2012-IV
181,330.9
124,203.9
116,934.1
7,269.8
28,922.2
4,476.9
450.7
23,481.3
513.3
28,157.0
26,129.2
2,027.8
1/
47.8
2013-I
185,538.0
127,080.8
119,750.3
7,330.5
29,576.7
4,614.8
446.0
23,992.1
523.7
28,822.2
26,731.2
2,091.0
1/
58.4
2013-II
187,415.8
128,550.6
121,139.9
7,410.7
29,895.6
4,683.2
446.6
24,235.7
530.1
28,914.7
26,798.6
2,116.1
1/
55.0
2013-III
188,945.7
129,920.8
122,490.4
7,430.4
29,992.5
4,564.2
455.8
24,445.1
527.4
28,980.7
26,909.3
2,071.4
1/
51.7
2013-IV
192,004.2
132,576.3
125,016.5
7,559.8
30,255.7
4,625.8
464.9
24,642.5
522.5
29,124.3
27,038.6
2,085.7
1/
48.0
2014-I
196,485.6
135,643.7
128,027.0
7,616.7
30,954.0
4,768.4
460.0
25,192.5
533.0
29,829.4
27,674.6
2,154.8
1/
58.5
2014-II
198,464.9
137,179.0
129,479.3
7,699.8
31,300.7
4,841.9
461.0
25,457.5
540.3
29,930.1
27,748.9
2,181.3
1/
55.1
2014-III
200,093.2
138,619.5
130,900.9
7,718.6
31,419.3
4,722.3
470.7
25,688.1
538.2
30,002.6
27,867.5
2,135.1
1/
51.9
2014-IV
203,399.1
141,483.0
133,627.4
7,855.6
31,713.2
4,791.0
480.6
25,907.7
533.9
30,154.8
28,004.7
2,150.1
1/
48.1

1Less than $50,000.

Sources:

Note: Estimates based on 2005 Trustees Report low cost set of assumptions.

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