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.B9.—Summary of OASDI Benefit Payments
(High 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
$128,705.3
$85,153.8
$79,326.4
$5,827.4
$22,441.3
$3,746.3
$385.2
$17,908.7
$401.0
$21,054.4
$19,259.0
$1,795.4
1/
$55.9
2005-II
129,753.3
85,606.7
79,750.6
5,856.1
22,588.4
3,794.7
383.1
18,002.6
407.9
21,505.7
19,651.6
1,854.0
1/
52.6
2005-III
130,419.2
85,924.2
80,078.0
5,846.2
22,563.7
3,709.8
389.0
18,057.4
407.5
21,881.8
20,035.9
1,845.9
1/
49.5
2005-IV
131,700.2
86,804.9
80,905.4
5,899.5
22,622.7
3,741.1
392.6
18,084.2
404.8
22,226.7
20,364.3
1,862.4
1/
45.9
2006-I
135,398.4
88,946.4
82,968.0
5,978.5
23,239.2
3,894.9
391.9
18,533.2
419.2
23,157.1
21,219.9
1,937.3
1/
55.6
2006-II
136,493.4
89,522.9
83,510.1
6,012.8
23,410.2
3,941.0
390.2
18,652.3
426.7
23,508.0
21,539.3
1,968.6
1/
52.3
2006-III
137,229.9
89,965.6
83,958.4
6,007.2
23,393.5
3,842.7
396.3
18,728.3
426.3
23,821.6
21,883.6
1,938.0
1/
49.2
2006-IV
138,742.3
91,030.0
84,959.8
6,070.3
23,479.0
3,875.5
400.7
18,779.2
423.6
24,187.6
22,228.5
1,959.1
1/
45.7
2007-I
142,989.2
93,427.0
87,266.7
6,160.3
24,128.3
4,025.2
399.2
19,265.3
438.6
25,378.6
23,306.9
2,071.7
1/
55.3
2007-II
144,242.5
94,119.6
87,916.7
6,202.9
24,326.5
4,071.2
398.0
19,411.0
446.3
25,744.3
23,637.1
2,107.2
1/
52.0
2007-III
145,083.6
94,642.3
88,443.9
6,198.5
24,323.7
3,963.7
404.2
19,510.1
445.7
26,068.6
23,994.7
2,073.9
1/
49.0
2007-IV
146,799.4
95,871.9
89,601.3
6,270.6
24,433.4
3,996.7
408.9
19,585.2
442.6
26,448.8
24,351.1
2,097.6
1/
45.4
2008-I
151,710.5
98,771.0
92,391.3
6,379.7
25,200.2
4,161.1
408.4
20,171.1
459.6
27,684.3
25,475.6
2,208.7
1/
54.9
2008-II
153,118.1
99,592.3
93,159.9
6,432.4
25,424.0
4,207.9
407.6
20,340.5
468.0
28,050.1
25,804.1
2,246.0
1/
51.7
2008-III
154,064.2
100,211.6
93,781.5
6,430.1
25,432.1
4,091.1
414.1
20,459.6
467.3
28,371.8
26,163.8
2,208.0
1/
48.7
2008-IV
156,010.9
101,647.1
95,133.8
6,513.3
25,564.6
4,125.4
419.0
20,556.1
464.1
28,754.1
26,521.6
2,232.5
1/
45.1
2009-I
164,498.7
106,575.7
99,840.5
6,735.2
26,804.1
4,358.0
424.5
21,532.8
488.7
31,064.3
28,599.0
2,465.3
1/
54.6
2009-II
166,151.0
107,628.4
100,824.3
6,804.1
27,054.7
4,407.5
423.7
21,725.5
497.9
31,416.5
28,907.3
2,509.2
1/
51.4
2009-III
167,300.3
108,451.1
101,641.4
6,809.7
27,078.4
4,283.1
430.4
21,867.4
497.5
31,722.4
29,254.1
2,468.3
1/
48.4
2009-IV
169,593.4
110,217.8
103,307.0
6,910.9
27,240.0
4,320.9
435.6
21,989.0
494.5
32,090.7
29,593.4
2,497.4
1/
44.9
2010-I
179,742.7
116,920.6
109,698.3
7,222.4
28,898.5
4,614.0
446.0
23,311.8
526.7
33,869.2
31,245.8
2,623.4
1/
54.3
2010-II
181,505.3
118,072.7
110,778.4
7,294.3
29,173.9
4,665.9
445.3
23,525.7
536.9
34,207.5
31,543.5
2,664.0
1/
51.2
2010-III
182,779.9
119,026.1
111,725.1
7,301.1
29,210.4
4,533.5
452.3
23,687.7
536.9
34,495.3
31,882.8
2,612.5
1/
48.1
2010-IV
185,396.7
121,078.6
113,666.9
7,411.7
29,396.5
4,574.6
458.0
23,829.7
534.2
34,876.9
32,239.0
2,637.9
1/
44.6
2011-I
196,176.5
128,320.0
120,584.2
7,735.8
31,108.7
4,870.8
467.6
25,203.5
566.8
36,693.8
33,940.7
2,753.1
1/
54.1
2011-II
198,122.7
129,643.3
121,820.3
7,823.0
31,413.4
4,926.4
467.0
25,445.5
574.5
37,015.1
34,224.2
2,790.8
1/
50.9
2011-III
199,499.0
130,700.7
122,871.0
7,829.8
31,466.7
4,787.3
474.3
25,633.8
571.3
37,283.7
34,551.1
2,732.5
1/
47.9
2011-IV
202,387.9
133,013.6
125,059.7
7,953.9
31,681.6
4,833.1
480.6
25,802.7
565.3
37,648.2
34,893.5
2,754.7
1/
44.4
2012-I
212,988.4
139,798.8
131,582.5
8,216.2
33,255.3
5,102.0
486.3
27,074.9
592.2
39,880.5
36,938.4
2,942.1
1/
53.8
2012-II
215,141.1
141,344.9
133,031.5
8,313.4
33,601.3
5,161.6
486.0
27,354.3
599.4
40,144.2
37,163.6
2,980.6
1/
50.6
2012-III
216,692.5
142,600.1
134,278.5
8,321.6
33,684.4
5,016.2
493.7
27,579.5
594.9
40,360.3
37,440.8
2,919.6
1/
47.6
2012-IV
219,936.4
145,269.8
136,810.2
8,459.6
33,943.9
5,067.5
500.5
27,788.3
587.6
40,678.4
37,736.4
2,942.1
1/
44.2
2013-I
229,549.4
151,575.4
142,909.5
8,665.9
35,377.2
5,307.3
502.3
28,957.9
609.8
42,543.2
39,447.8
3,095.4
1/
53.5
2013-II
231,829.9
153,243.7
144,475.7
8,768.0
35,759.4
5,370.8
502.4
29,269.7
616.6
42,776.4
39,641.0
3,135.3
1/
50.4
2013-III
233,491.6
154,610.9
145,837.5
8,773.4
35,868.3
5,219.6
510.4
29,527.2
611.1
42,965.0
39,894.2
3,070.8
1/
47.4
2013-IV
237,062.7
157,585.5
148,664.4
8,921.1
36,167.8
5,277.0
517.9
29,770.2
602.6
43,265.4
40,171.3
3,094.1
1/
44.0
2014-I
247,453.9
164,389.9
155,261.7
9,128.3
37,707.7
5,524.7
519.4
31,038.6
625.0
45,303.0
42,036.1
3,266.9
1/
53.3
2014-II
249,874.0
166,146.1
156,912.1
9,234.1
38,125.7
5,592.7
519.8
31,380.6
632.7
45,551.9
42,241.8
3,310.2
1/
50.2
2014-III
251,655.9
167,595.5
158,359.4
9,236.1
38,260.3
5,436.5
528.2
31,668.0
627.5
45,752.9
42,510.4
3,242.4
1/
47.2
2014-IV
255,569.4
170,854.7
161,461.2
9,393.5
38,599.5
5,501.1
536.5
31,942.5
619.4
46,071.5
42,803.8
3,267.6
1/
43.8

1Less than $50,000.

Sources:

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

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