Selected Data on Benefit Operations

2016 Annual Report.pdf (1.06 MB)

RETIREMENT-SURVIVOR	Fiscal Year 2015	Fiscal Year 2014
Employee age annuities
Number awarded	10,100	10,200
Awarded Age Annuity Number being paid at end of period	190,100	190,200
Average being paid at end of period	$2,625	$2,536
Disability converted to age annuity¹ Number being paid at end of period	43,100	41,600
Average being paid at end of period	$2,322	$2,252
Employee disability annuities
Number of total disability annuities awarded	800	800
Number of occupational disability annuities awarded	900	1,000
Number of total disability annuities being paid at end of period	11,000	11,700
Number of occupational disability annuities being paid at end of period	23,500	26,200
Average total disability annuity being paid at end of period	$1,892	$1,846
Average occupational disability annuity being paid at end of period	$3,025	$2,956
Supplemental employee annuities²
Number awarded	6,200	6,700
Number being paid at end of period	123,000	122,100
Average being paid at end of period	$42	$42
Spouse and divorced spouse annuities
Number awarded, total	11,300	11,500
Number being paid to divorced spouses at end of period	4,700	4,500
Number being paid at end of period, total	143,900	142,600
Average being paid to divorced spouses at end of period	$610	$590
Average being paid at end of period, total	$975	$946
Survivor annuities
Number awarded to aged widow(er)s	5,500	5,600
Number awarded, total	7,100	7,100
Number being paid to aged widow(er)s at end of period	94,300	98,400
Number being paid at end of period, total	120,700	125,400
Average being paid at end of period to
Aged widow(er)s	$1,576	$1,525
Disabled widow(er)s³	$1,285	$1,250
Widowed mothers (fathers)	$1,835	$1,798
Remarried widow(er)s	$1,036	$1,005
Divorced widow(er)s	$1,040	$1,005
Children	$1,055	$1,027
Partition payments⁴
Number being paid at end of period	1,400	1,300
Average being paid at end of period	$308	$302
Lump-Sum survivor benefits awarded
Number of lump-sum death benefits	3,100	3,100
Average lump-sum death benefit	$927	$925
Number of residual payments	⁵	⁵
Average residual payment	$2,684	$2,304

EMPLOYEES AND EARNINGS⁶	Fiscal Year 2015	Fiscal Year 2014
Average employment	248,000	240,000
Creditable earnings, Railroad Retirement Act (billions) Tier I Tier II	$19.83 $18.26	$18.76 $17.47
Creditable earnings, Railroad Unemployment Insurance Act (billions)	$4.32	$4.11

UNEMPLOYMENT-SICKNESS⁷	Benefit Year 2014-2015	Benefit Year 2013-2014
Qualified employees	248,200	247,600

Unemployment benefits
Net amount paid (millions)	$30.8⁸ ($34.0)⁹	$39.9⁸
Beneficiaries	7,600 (9,200)⁹	10,000
Number of payments	52,100	69,700
Normal benefit accounts exhausted	1,900	2,300
Average payment per 2-week registration period	$578	$550

Sickness benefits
Net amount paid (millions)	$48.4 ($49.2)⁹	$45.3
Beneficiaries	15,500 (16,000)⁹	15,600
Number of payments	102,700	101,100
Normal benefit accounts exhausted	2,800	2,600
Average payment per 2-week registration period	$572	$555

1	A disability annuity ends when the retiree attains full retirement age, at which time the annuity converts to an age and service annuity. Consequently, these annuitants are receiving age and service annuities. Full retirement age is age 65 for those born before 1938 and gradually increases to age 67 for those born 1960 and later.
2	Excludes partition payments to spouses and divorced spouses where the employee is deceased. Averages are after court-ordered partitions. Fiscal year 2015 average includes one supplemental annuity, averaging $70, awarded under the 1937 Act.
3	Average in current-payment status includes annuities to disabled widow(er)s age 60 and over now payable as aged widow(er)s' annuities.
4	Limited to partition payments to spouses and divorced spouses where the employee is deceased or not otherwise entitled to an annuity. Partition payments from employees on the rolls are included with the employees' annuities.
5	Fewer than 50.
6	Except for fiscal year 2014 employment, all figures in this section are preliminary.
7	In accordance with the Balanced Budget and Emergency Deficit Control Act of 1985, as amended by the Budget Control Act of 2011, amounts reflect a sequestration reduction of 9.2% for days of unemployment and sickness after February 28, 2013, 7.2% for days after September 30, 2013, and 7.3% for days after September 30, 2014.
8	Benefit years 2013-2014 and 2014-2015 include $2.4 million and -$0.3 million, respectively, in temporary extended unemployment benefits authorized by the American Recovery and Reinvestment Act of 2009 and the Worker, Homeownership, and Business Assistance Act of 2009, as amended by the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, the Temporary Payroll Tax Cut Continuation Act of 2011, the Middle Class Tax Relief and Job Creation Act of 2012, and the American Taxpayer Relief Act of 2012. Benefits had to begin by December 31, 2013.
9	Data in parentheses are for fiscal year (October 1, 2014 - September 30, 2015). Unemployment benefits include -$0.3 million in temporary extended unemployment benefits.

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