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Table 19 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 2019
--------------------------------------------------------------------------------------------------
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) 85867 147232 187747 207806 142430 101411 146724 167965 206500 222028
PL PAYGO (2.3) 85867 147232 187747 207806 142430 101411 146724 167965 206500 222028
5% PSA-401K (2.3) 112667 180696 228774 243369 175734 139816 179905 215896 257112 296563
5% PSA-USBond (2.3) 98991 150638 183985 190903 145658 122809 152425 178212 207893 236093
1.6% IA-401KAn(2.3) 95883 161773 195160 208137 153070 119144 158950 194718 219866 241481
1.6% IA-USBond(2.3) 89450 147598 174059 183576 138909 111147 145995 176947 196687 213047
MB (4.2) 85824 147146 187677 207709 142359 101360 146640 167869 206418 221956
MTR (2.3) 79384 125442 141081 145389 116786 98641 125779 149154 160483 168579
LTR (2.3) 70327 87515 90130 81518 82613 87178 94879 98924 104807 109408
Present Value of Expected Pyrl Tax (EE + ER) Cohort 22 in 2019
--------------------------------------------------------------------------------------------------
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) 66737 145433 216855 254833 145794 81988 131180 182194 235858 291512
PL PAYGO (2.3) 82330 179388 267463 314194 179822 101148 161776 224776 290916 359642
5% PSA-401K (2.3) 74918 163260 243438 286071 163665 92038 147260 204528 264770 327246
5% PSA-USBond (2.3) 74918 163260 243438 286071 163665 92038 147260 204528 264770 327246
1.6% IA-401KAn(2.3) 75349 164199 244837 287716 164607 92568 148108 205704 266292 329126
1.6% IA-USBond(2.3) 75349 164199 244837 287716 164607 92568 148108 205704 266292 329126
MB (4.2) 68014 148207 220985 259654 148572 83558 133674 185682 240354 297092
MTR (2.3) 66737 145433 216855 254833 145794 81988 131180 182194 235858 291512
LTR (2.3) 48007 104619 155998 183315 104878 58978 94366 131064 169668 209702
Present Value of Expected "Net Subsidy" Cohort 22 in 2019
--------------------------------------------------------------------------------------------------
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) 19130 1799 -29108 -47026 -3364 19423 15544 -14229 -29358 -69484
PL PAYGO (2.3) 3537 -32156 -79716 -106387 -37392 263 -15052 -56811 -84416 -137614
5% PSA-401K (2.3) 37749 17436 -14664 -42702 12069 47778 32645 11368 -7658 -30683
5% PSA-USBond (2.3) 24074 -12622 -59453 -95168 -18008 30771 5165 -26316 -56877 -91153
1.6% IA-401KAn(2.3) 20534 -2426 -49678 -79579 -11537 26576 10842 -10986 -46426 -87645
1.6% IA-USBond(2.3) 14101 -16601 -70778 -104140 -25698 18579 -2113 -28757 -69605 -116079
MB (4.2) 17809 -1061 -33308 -51945 -6213 17802 12966 -17813 -33936 -75136
MTR (2.3) 12647 -19991 -75775 -109444 -29008 16653 -5401 -33040 -75375 -122933
LTR (2.3) 22320 -17104 -65867 -101796 -22265 28200 513 -32140 -64861 -100294
Moneys Worth Ratio (BenefitsX100/Taxes) Cohort 22 in 2019
--------------------------------------------------------------------------------------------------
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) 129 101 87 82 98 124 112 92 88 76
PL PAYGO (2.3) 104 82 70 66 79 100 91 75 71 62
5% PSA-401K (2.3) 150 111 94 85 107 152 122 106 97 91
5% PSA-USBond (2.3) 132 92 76 67 89 133 104 87 79 72
1.6% IA-401KAn(2.3) 127 99 80 72 93 129 107 95 83 73
1.6% IA-USBond(2.3) 119 90 71 64 84 120 99 86 74 65
MB (4.2) 126 99 85 80 96 121 110 90 86 75
MTR (2.3) 119 86 65 57 80 120 96 82 68 58
LTR (2.3) 146 84 58 44 79 148 101 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