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Table 65 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 1965
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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) 68250 114437 145938 156582 112179 75712 110727 125581 153435 163036
5% PSA-401K (2.3) 71549 117175 146452 152664 114104 80151 112818 130513 154165 169999
5% PSA-USBond (2.3) 71174 116375 145283 151327 113297 79702 112104 129517 152880 168405
1.6% IA-401KAn(2.3) 68703 114899 143664 149790 111523 77298 111295 127841 152044 165977
1.6% IA-USBond(2.3) 68591 114661 143315 149389 111282 77164 111082 127544 151660 165501
MB (4.2) 68206 114380 145461 154811 111912 75664 110675 125518 152989 162440
MTR (2.3) 67572 112481 140126 145753 109083 75941 109134 124826 148151 161152
LTR (2.3) 68027 109673 135482 140183 106536 75922 106117 121160 142094 155035
Present Value of Expected Pyrl Tax (EE + ER) Cohort 22 in 1965
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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) 64698 138319 195698 199360 135865 77242 123670 171652 216090 262178
5% PSA-401K (2.3) 65683 140416 198764 202963 137988 78420 125536 174268 219458 266364
5% PSA-USBond (2.3) 65683 140416 198764 202963 137988 78420 125536 174268 219458 266364
1.6% IA-401KAn(2.3) 65735 140526 198926 203154 138100 78482 125634 174406 219636 266586
1.6% IA-USBond(2.3) 65735 140526 198926 203154 138100 78482 125634 174406 219636 266586
MB (4.2) 64698 138319 195698 199360 135865 77242 123670 171652 216090 262178
MTR (2.3) 64698 138319 195698 199360 135865 77242 123670 171652 216090 262178
LTR (2.3) 62447 133520 188678 191117 131004 74548 119398 165662 208378 252592
Present Value of Expected "Net Subsidy" Cohort 22 in 1965
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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) 3552 -23883 -49760 -42778 -23686 -1530 -12943 -46071 -62655 -99142
5% PSA-401K (2.3) 5866 -23241 -52312 -50299 -23884 1731 -12718 -43755 -65293 -96365
5% PSA-USBond (2.3) 5492 -24040 -53481 -51636 -24691 1282 -13432 -44751 -66578 -97959
1.6% IA-401KAn(2.3) 2969 -25627 -55262 -53364 -26577 -1184 -14339 -46565 -67592 -100609
1.6% IA-USBond(2.3) 2857 -25865 -55611 -53765 -26818 -1318 -14552 -46862 -67976 -101085
MB (4.2) 3508 -23939 -50237 -44549 -23953 -1578 -12995 -46134 -63101 -99738
MTR (2.3) 2874 -25839 -55572 -53608 -26782 -1301 -14536 -46826 -67939 -101026
LTR (2.3) 5581 -23846 -53196 -50934 -24469 1374 -13281 -44502 -66284 -97557
Moneys Worth Ratio (BenefitsX100/Taxes) Cohort 22 in 1965
--------------------------------------------------------------------------------------------------
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) 105 83 75 79 83 98 90 73 71 62
5% PSA-401K (2.3) 109 83 74 75 83 102 90 75 70 64
5% PSA-USBond (2.3) 108 83 73 75 82 102 89 74 70 63
1.6% IA-401KAn(2.3) 105 82 72 74 81 98 89 73 69 62
1.6% IA-USBond(2.3) 104 82 72 74 81 98 88 73 69 62
MB (4.2) 105 83 74 78 82 98 89 73 71 62
MTR (2.3) 104 81 72 73 80 98 88 73 69 61
LTR (2.3) 109 82 72 73 81 102 89 73 68 61
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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