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Table 86 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 1986
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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) 50178 85607 109549 122585 83423 58262 84873 96447 119103 127510
PL PAYGO (2.3) 50178 85607 109549 122585 83423 58262 84873 96447 119103 127510
5% PSA-All Tax(2.3) 59652 95232 119912 127479 92826 71556 93334 111692 132131 150810
5% PSA-Hi Yld (2.3) 64389 105549 135273 145340 103200 77344 102634 124554 148824 171390
1.6% IA-Hi Yld(2.3) 53636 89840 111401 119559 86393 64258 87447 105531 123599 134019
MB+ (4.6) 58165 99061 126954 142394 96643 67406 98113 111503 137885 147443
MB-PAYGO (4.2) 50154 85563 109511 122500 83383 58234 84830 96399 119061 127472
MTR (2.3) 47557 76589 91665 96816 73082 56829 75487 89023 102148 107606
LTR (2.3) 45154 63637 72865 73215 61085 53835 64835 72310 80993 87800
Present Value of Expected Pyrl Tax (EE + ER) Cohort 22 in 1986
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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) 45902 99277 148257 174982 100246 55494 88800 123322 159656 197316
PL PAYGO (2.3) 46451 100453 150004 176998 101429 56158 89844 124794 161542 199670
5% PSA-All Tax(2.3) 51343 111024 165782 195490 112093 62074 99290 137940 178538 220702
5% PSA-Hi Yld (2.3) 49104 106188 158568 187055 107217 59366 94970 131924 170766 211078
1.6% IA-Hi Yld(2.3) 49272 106552 159111 187689 107583 59570 95296 132376 171350 211804
MB+ (4.6) 49104 106188 158568 187055 107217 59366 94970 131924 170766 211078
MB-PAYGO (4.2) 45902 99277 148257 174982 100246 55494 88800 123322 159656 197316
MTR (2.3) 45902 99277 148257 174982 100246 55494 88800 123322 159656 197316
LTR (2.3) 38577 83458 124652 147342 84291 46634 74678 103632 134224 165810
Present Value of Expected "Net Subsidy" Cohort 22 in 1986
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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) 4276 -13670 -38708 -52397 -16823 2768 -3927 -26875 -40553 -69806
PL PAYGO (2.3) 3727 -14846 -40456 -54413 -18006 2104 -4971 -28347 -42439 -72160
5% PSA-All Tax(2.3) 8309 -15792 -45870 -68012 -19267 9482 -5956 -26248 -46407 -69892
5% PSA-Hi Yld (2.3) 15285 -639 -23295 -41715 -4016 17978 7664 -7370 -21942 -39688
1.6% IA-Hi Yld(2.3) 4363 -16712 -47710 -68130 -21191 4688 -7849 -26845 -47751 -77785
MB+ (4.6) 9062 -7128 -31614 -44661 -10573 8040 3143 -20421 -32881 -63635
MB-PAYGO (4.2) 4251 -13714 -38745 -52482 -16863 2740 -3970 -26923 -40595 -69844
MTR (2.3) 1655 -22688 -56592 -78166 -27164 1335 -13313 -34299 -57508 -89710
LTR (2.3) 6577 -19821 -51787 -74127 -23205 7201 -9843 -31322 -53231 -78010
Moneys Worth Ratio (BenefitsX100/Taxes) Cohort 22 in 1986
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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) 109 86 74 70 83 105 96 78 75 65
PL PAYGO (2.3) 108 85 73 69 82 104 94 77 74 64
5% PSA-All Tax(2.3) 116 86 72 65 83 115 94 81 74 68
5% PSA-Hi Yld (2.3) 131 99 85 78 96 130 108 94 87 81
1.6% IA-Hi Yld(2.3) 109 84 70 64 80 108 92 80 72 63
MB+ (4.6) 118 93 80 76 90 114 103 85 81 70
MB-PAYGO (4.2) 109 86 74 70 83 105 96 78 75 65
MTR (2.3) 104 77 62 55 73 102 85 72 64 55
LTR (2.3) 117 76 58 50 72 115 87 70 60 53
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 |
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