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40 Soc. Sec. Bull. 1 (1977)
Social Security in Review

handle is hein.journals/ssbul40 and id is 871 raw text is: Social Security in Review PROGRAM OPERATIONS OASDI Benefits AT THE END of August 1977 the old-age, sur- vivors, disability, and health insurance (OASDHI) program was paying more than $7 billion in monthly cash benefits to nearly 33.6 million beneficiaries-$739 million a month higher than the amount payable in August 1976. The increase in the monthly amount reflects, basically, the result of the net addition of more than 1 Iniillion beneficiaries since August 1976 and the 5.9-percent automatic cost-of-living increase in benefit rates that went into effect in June 1977. The OASI program accounted for 84 percent of the gain in the total amount of monthly benefits August July August 1977 197 1976 Monthly benefliariee, total (in thousands).__ 33.566 33,394 32 550 fged 65 and over, total -------.........----- 21632 21,H ) 20,959 Retired worke -...............-----t------ 15,69 15,623 15,140 Survlvort and dependents ----............ 5,770 5,748 5,622 Special age-72 beneficiaries ------------- 168 170 197 ,,nder age 65, total --------------------t-- 11,936 11,644 11,591 Retlred workers ----------------- -----. 1,861 1,853 1,772 Disabled workers ------------------------ 2,791 2,777 2,618 Survivors and dependents ------------- 7,284 7,214 7,201 Total monthly benefits (in millions) 8 -------- $7,011 $6,965 $6,273 Averge benefit In curent-pay.ent status: Retired w-rkern ------------------6---- $240.99 $4.56 s2=.9s Disabled workers ------------------------ 263.57 263.13 243.56 Aged widows and widowers -------------- 221. 44 221.5 206.54 Childr of deceased workers ------------- 163.85 163.75 150.64 Average benefits awarded. Retired workers --------------------------- .17 $254.81 $232.79 Currently payable awards ---------------- 236.64 237.89 216.04 Disabled workers -------------------------- 293.96 291.48 271.16 Aged widows and widowers --------------- 219.13 221.07 212.20 Children of deceased workers ------------- 170.49 167.79 154.59 in _uvnt-p ymnent status; excludes lump-sam and retroactive payments and adlustments. but 78 percent of the rise in the number of beneficiaries. Since August 1976-the monthly amount of DI benefits rose 15 percent and the number of bene- fidiaries increased. 5 percent. The corresponding increases for OASI benefits were 11 percent and 3 percent, respectively. The average DI benefit amount rose at a slightly higher rate than the average OASI benefit amount. In the OASI program, retired-worker benefi- ciaries accounted for 82 percent of the rise in the number of beneficiaries but for only 73 percent of the growth in the amount of monthly benefits since August 1976. In the DI program, however, disabled workers were responsible for only 75 percent of the increase in the number of bene- ficiaries but for 85 percent of the growth in the amount of monthly benefits. The average payable monthly benefit amount for each beneficiary group at the end of August did not differ significantly from the July aver- ages. The average monthly amount was $240.89 for retired workers and $263.57 for disabled workers. The number of monthly cish benefits awarded in August was 408,000-a decline of 25,000 from July Je Jut 1577 1577 157 PUBLIC INCOME-MAINTENANCE PROGRAMS Totsl payments (in milions, I ------------- () $16,785 $15,162 OASDHI ------------------------8,875 8,965 7,M92 Railroad and public employee retirement- 2,678 2,670 2,391 Unemployment and temporary disability insurance, workmen's ommpensation, and black lung benefits ---------------- 1.464 1.8W 1,48 Veterans' mepensaton and pensions ------ 746 748 588 Public assistance ........................... (5) 2,449 2,274 Supplemental sectrity income ---------- us 505 s * Includes payments for medical cae and lump-sum payments. I Data not available.

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