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Table 07 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 2007
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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) 83576 143658 183509 203630 138989 98684 143096 163463 201297 216086
PL PAYGO (2.3) 83576 143658 183509 203630 138989 98684 143096 163463 201297 216086
5% PSA-401K (2.3) 112120 180189 227489 242266 174943 139001 178979 214820 253875 295172
5% PSA-USBond (2.3) 98545 150243 183907 190862 145301 122110 151688 177283 206993 235114
1.6% IA-401KAn(2.3) 94760 160631 194079 207669 151951 117565 157470 192774 217727 238924
1.6% IA-USBond(2.3) 88491 146787 173456 183717 138133 109764 144839 175439 195122 211188
MB (4.2) 83536 143574 183440 203533 138920 98637 143014 163370 201217 216016
MTR (2.3) 78592 124953 140928 146133 116350 97456 124949 148086 159499 167425
LTR (2.3) 70076 87459 90397 82052 82613 86700 94500 98595 104547 109212
Present Value of Expected Pyrl Tax (EE + ER) Cohort 22 in 2007
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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) 66386 144891 216282 253928 145176 81542 130452 181206 234564 289930
PL PAYGO (2.3) 75084 163833 244523 286942 164140 92230 147466 204952 265210 327924
5% PSA-401K (2.3) 74524 162652 242791 285053 162971 91538 146444 203418 263314 325468
5% PSA-USBond (2.3) 74524 162652 242791 285053 162971 91538 146444 203418 263314 325468
1.6% IA-401KAn(2.3) 74952 163586 244187 286693 163907 92064 147284 204586 264828 327338
1.6% IA-USBond(2.3) 74952 163586 244187 286693 163907 92064 147284 204586 264828 327338
MB (4.2) 66693 145560 217274 255081 145843 81920 131050 182048 235642 291274
MTR (2.3) 66386 144891 216282 253928 145176 81542 130452 181206 234564 289930
LTR (2.3) 47755 104228 155583 182663 104432 58658 93842 130350 168734 208562
Present Value of Expected "Net Subsidy" Cohort 22 in 2007
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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) 17190 -1233 -32773 -50298 -6187 17142 12644 -17743 -33267 -73844
PL PAYGO (2.3) 8491 -20175 -61014 -83312 -25151 6454 -4370 -41489 -63913 -111838
5% PSA-401K (2.3) 37596 17537 -15303 -42788 11972 47463 32535 11402 -9439 -30296
5% PSA-USBond (2.3) 24022 -12409 -58884 -94191 -17670 30572 5244 -26135 -56321 -90354
1.6% IA-401KAn(2.3) 19808 -2955 -50108 -79024 -11956 25501 10186 -11812 -47101 -88414
1.6% IA-USBond(2.3) 13539 -16799 -70731 -102976 -25774 17700 -2445 -29147 -69706 -116150
MB (4.2) 16842 -1986 -33834 -51548 -6923 16717 11964 -18678 -34425 -75258
MTR (2.3) 12206 -19938 -75353 -107796 -28826 15914 -5503 -33120 -75065 -122505
LTR (2.3) 22321 -16769 -65186 -100611 -21819 28042 658 -31755 -64187 -99350
Moneys Worth Ratio (BenefitsX100/Taxes) Cohort 22 in 2007
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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) 126 99 85 80 96 121 110 90 86 75
PL PAYGO (2.3) 111 88 75 71 85 107 97 80 76 66
5% PSA-401K (2.3) 150 111 94 85 107 152 122 106 96 91
5% PSA-USBond (2.3) 132 92 76 67 89 133 104 87 79 72
1.6% IA-401KAn(2.3) 126 98 79 72 93 128 107 94 82 73
1.6% IA-USBond(2.3) 118 90 71 64 84 119 98 86 74 65
MB (4.2) 125 99 84 80 95 120 109 90 85 74
MTR (2.3) 118 86 65 58 80 120 96 82 68 58
LTR (2.3) 147 84 58 45 79 148 101 76 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 |
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