| |
Table 95 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 1995
--------------------------------------------------------------------------------------------------
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) 69404 118592 151829 169586 115469 80822 117495 133847 165105 176939
PL PAYGO (2.3) 69404 118592 151829 169586 115469 80822 117495 133847 165105 176939
5% PSA-All Tax(2.3) 91853 146616 185605 197376 143138 111827 144427 173338 206030 237157
5% PSA-Hi Yld (2.3) 106591 178885 233643 253721 175575 129949 173642 213610 258404 301591
1.6% IA-Hi Yld(2.3) 81292 138162 169791 183236 132067 98963 134006 164508 188592 207621
MB+ (4.6) 85078 145169 186168 208406 141508 98871 143626 163743 202241 216508
MB-PAYGO (4.2) 69375 118525 151775 169489 115413 80788 117430 133772 165043 176885
MTR (2.3) 66193 105072 120507 126068 98847 80400 104014 123257 134873 141619
LTR (2.3) 60487 77912 83309 78265 74137 73260 82202 87633 94517 100029
Present Value of Expected Pyrl Tax (EE + ER) Cohort 22 in 1995
--------------------------------------------------------------------------------------------------
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) 57294 124307 185503 218486 125305 69646 111394 154770 200314 247632
PL PAYGO (2.3) 60441 131110 195631 230255 132147 73476 117462 163280 211264 261246
5% PSA-All Tax(2.3) 67245 145897 217723 256330 147062 81742 130742 181650 235106 290640
5% PSA-Hi Yld (2.3) 63540 137856 205719 242225 138957 77240 123530 171646 222146 274636
1.6% IA-Hi Yld(2.3) 63871 138571 206782 243474 139677 77642 124172 172536 223294 276056
MB+ (4.6) 63540 137856 205719 242225 138957 77240 123530 171646 222146 274636
MB-PAYGO (4.2) 57294 124307 185503 218486 125305 69646 111394 154770 200314 247632
MTR (2.3) 57294 124307 185503 218486 125305 69646 111394 154770 200314 247632
LTR (2.3) 42991 93286 139220 164136 94049 52258 83608 116130 150330 185810
Present Value of Expected "Net Subsidy" Cohort 22 in 1995
--------------------------------------------------------------------------------------------------
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) 12110 -5715 -33674 -48900 -9836 11176 6101 -20923 -35209 -70693
PL PAYGO (2.3) 8963 -12518 -43801 -60668 -16678 7346 33 -29433 -46159 -84307
5% PSA-All Tax(2.3) 24608 718 -32117 -58954 -3924 30085 13685 -8312 -29076 -53483
5% PSA-Hi Yld (2.3) 43051 41029 27924 11496 36618 52709 50112 41964 36258 26955
1.6% IA-Hi Yld(2.3) 17421 -409 -36990 -60239 -7610 21321 9834 -8028 -34702 -68435
MB+ (4.6) 21537 7314 -19551 -33819 2550 21631 20096 -7903 -19905 -58128
MB-PAYGO (4.2) 12081 -5783 -33728 -48997 -9892 11142 6036 -20998 -35271 -70747
MTR (2.3) 8899 -19236 -64996 -92418 -26458 10754 -7380 -31513 -65441 -106013
LTR (2.3) 17496 -15375 -55911 -85871 -19912 21002 -1406 -28497 -55813 -85781
Moneys Worth Ratio (BenefitsX100/Taxes) Cohort 22 in 1995
--------------------------------------------------------------------------------------------------
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) 121 95 82 78 92 116 105 86 82 71
PL PAYGO (2.3) 115 90 78 74 87 110 100 82 78 68
5% PSA-All Tax(2.3) 137 100 85 77 97 137 110 95 88 82
5% PSA-Hi Yld (2.3) 168 130 114 105 126 168 141 124 116 110
1.6% IA-Hi Yld(2.3) 127 100 82 75 95 127 108 95 84 75
MB+ (4.6) 134 105 90 86 102 128 116 95 91 79
MB-PAYGO (4.2) 121 95 82 78 92 116 105 86 82 71
MTR (2.3) 116 85 65 58 79 115 93 80 67 57
LTR (2.3) 141 84 60 48 79 140 98 75 63 54
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