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Table 26 Comparison of "Moneys Worth" for the OASDI Program for Present Law and
StdVal Advisory Council Options With Reduced CPI*
NoTaxAdj
Present Value of Expected Benefits Cohort 22 in 2026
--------------------------------------------------------------------------------------------------
Composite Workers Married, Two Earner Couples
(TF ----------------------------------------- -----------------------------------------
Real Low Ave High Max Low/ Ave/ Ave/ High/ High/
Package Int) Erns Erns Erns Erns Total Low Low Ave Ave High
Present Law (2.3) 86954 149001 190020 210155 144151 102650 148331 170012 208822 224731
PL PAYGO (2.3) 86954 149001 190020 210155 144151 102650 148331 170012 208822 224731
5% PSA-All Tax(2.3) 112603 180629 228753 243329 175681 139752 179798 215782 256978 296412
5% PSA-Hi Yld (2.3) 134634 229077 300841 327850 224131 167117 223969 276592 336123 393708
1.6% IA-Hi Yld(2.3) 101065 173045 211976 221690 163928 125592 169202 208852 238286 264164
MB+ (4.6) 110791 190123 242836 268570 183999 130670 188896 217172 266832 287192
MB-PAYGO (4.2) 86886 148913 189949 210055 144072 102559 148246 169913 208739 224658
MTR (2.3) 79431 125418 141060 145061 116763 98730 125728 149158 160470 168654
LTR (2.3) 70186 87312 89870 81145 82404 87066 94693 98703 104533 109086
Present Value of Expected Pyrl Tax (EE + ER) Cohort 22 in 2026
--------------------------------------------------------------------------------------------------
Composite Workers Married, Two Earner Couples
----------------------------------------- ------------------------------------------
Low Ave High Max Low/ Ave/ Ave/ High/ High/
Erns Erns Erns Erns Total Low Low Ave Ave High
Present Law (2.3) 66794 145517 217025 255012 145895 82016 131234 182242 235934 291616
PL PAYGO (2.3) 86851 189212 282177 331516 189696 106646 170616 236994 306780 379192
5% PSA-All Tax(2.3) 70843 154366 230233 270603 154772 86986 139226 193304 250292 309284
5% PSA-Hi Yld (2.3) 74982 163365 243637 286279 163786 92070 147322 204602 264874 327362
1.6% IA-Hi Yld(2.3) 75414 164304 245038 287926 164728 92600 148168 205778 266398 329244
MB+ (4.6) 74982 163365 243637 286279 163786 92070 147322 204602 264874 327362
MB-PAYGO (4.2) 74945 76984 243448 285942 127621 92028 56926 114246 264684 327214
MTR (2.3) 66794 145517 217025 255012 145895 82016 131234 182242 235934 291616
LTR (2.3) 48050 104685 156125 183449 104956 59000 94404 131110 169734 209776
Present Value of Expected "Net Subsidy" Cohort 22 in 2026
--------------------------------------------------------------------------------------------------
Composite Workers Married, Two Earner Couples
----------------------------------------- ------------------------------------------
Low Ave High Max Low/ Ave/ Ave/ High/ High/
Erns Erns Erns Erns Total Low Low Ave Ave High
Present Law (2.3) 20160 3484 -27005 -44857 -1744 20634 17097 -12230 -27112 -66885
PL PAYGO (2.3) 103 -40212 -92157 -121362 -45545 -3996 -22285 -66982 -97958 -154461
5% PSA-All Tax(2.3) 41760 26262 -1480 -27274 20909 52766 40572 22478 6686 -12872
5% PSA-Hi Yld (2.3) 59652 65712 57204 41570 60344 75047 76647 71990 71249 66346
1.6% IA-Hi Yld(2.3) 25651 8741 -33063 -66235 -801 32992 21034 3074 -28112 -65080
MB+ (4.6) 35809 26758 -801 -17709 20212 38600 41574 12570 1958 -40170
MB-PAYGO (4.2) 11941 71929 -53499 -75887 16451 10531 91320 55667 -55945 -102556
MTR (2.3) 12637 -20099 -75965 -109951 -29132 16714 -5506 -33084 -75464 -122962
LTR (2.3) 22136 -17373 -66255 -102304 -22551 28066 289 -32407 -65201 -100690
Moneys Worth Ratio (BenefitsX100/Taxes) Cohort 22 in 2026
--------------------------------------------------------------------------------------------------
Composite Workers Married, Two Earner Couples
----------------------------------------- ------------------------------------------
Low Ave High Max Low/ Ave/ Ave/ High/ High/
Erns Erns Erns Erns Total Low Low Ave Ave High
Present Law (2.3) 130 102 88 82 99 125 113 93 89 77
PL PAYGO (2.3) 100 79 67 63 76 96 87 72 68 59
5% PSA-All Tax(2.3) 159 117 99 90 114 161 129 112 103 96
5% PSA-Hi Yld (2.3) 180 140 123 115 137 182 152 135 127 120
1.6% IA-Hi Yld(2.3) 134 105 87 77 100 136 114 101 89 80
MB+ (4.6) 148 116 100 94 112 142 128 106 101 88
MB-PAYGO (4.2) 116 193 78 73 113 111 260 149 79 69
MTR (2.3) 119 86 65 57 80 120 96 82 68 58
LTR (2.3) 146 83 58 44 79 148 100 75 62 52
Note: All values based in intermediate assumptions of the 1995 Trustees Report*. All dollar values are present value at age 22, then wage indexed to 1995. * Assuming 0.21% lower COLA starting Dec 97; no change in nominal wage or interest. Office of the Actuary / Social Security Administration July 28, 1996 |
www.socialsecurity.gov