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Table 71 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 1971
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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) 56465 94259 121515 133841 92677 62850 91342 103498 127591 135953
5% PSA-401K (2.3) 58744 94250 119011 125152 92149 66325 90646 105660 125383 139878
5% PSA-USBond (2.3) 57947 92552 116479 122271 90433 65390 89149 103581 122692 136553
1.6% IA-401KAn(2.3) 55292 91963 116761 123389 89592 62527 88834 102746 123362 135620
1.6% IA-USBond(2.3) 55024 91393 115911 122418 89015 62213 88331 102049 122459 134505
MB (4.2) 56444 94201 121439 132601 92544 62827 91290 103431 127485 135909
MTR (2.3) 53433 88004 110858 116700 85591 60346 85343 97898 117086 127863
LTR (2.3) 53127 82288 101177 104999 80066 59732 80101 91007 106420 116434
Present Value of Expected Pyrl Tax (EE + ER) Cohort 22 in 1971
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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) 57124 121331 178793 188448 121053 66662 106764 148140 189788 232820
5% PSA-401K (2.3) 58591 124435 183422 193829 124202 68376 109486 151944 194692 238908
5% PSA-USBond (2.3) 58591 124435 183422 193829 124202 68376 109486 151944 194692 238908
1.6% IA-401KAn(2.3) 58668 124598 183665 194114 124367 68466 109628 152144 194950 239228
1.6% IA-USBond(2.3) 58668 124598 183665 194114 124367 68466 109628 152144 194950 239228
MB (4.2) 57124 121331 178793 188448 121053 66662 106764 148140 189788 232820
MTR (2.3) 57124 121331 178793 188448 121053 66662 106764 148140 189788 232820
LTR (2.3) 53769 114224 168192 176125 113844 62744 100536 139428 178556 218882
Present Value of Expected "Net Subsidy" Cohort 22 in 1971
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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) -659 -27071 -57277 -54606 -28376 -3812 -15422 -44642 -62197 -96867
5% PSA-401K (2.3) 153 -30185 -64411 -68677 -32053 -2051 -18840 -46284 -69309 -99030
5% PSA-USBond (2.3) -644 -31883 -66943 -71558 -33769 -2986 -20337 -48363 -72000 -102355
1.6% IA-401KAn(2.3) -3376 -32635 -66904 -70725 -34776 -5939 -20794 -49398 -71588 -103608
1.6% IA-USBond(2.3) -3644 -33205 -67754 -71696 -35352 -6253 -21297 -50095 -72491 -104723
MB (4.2) -680 -27130 -57354 -55847 -28509 -3835 -15474 -44709 -62303 -96911
MTR (2.3) -3690 -33327 -67935 -71748 -35462 -6316 -21421 -50242 -72702 -104957
LTR (2.3) -642 -31936 -67015 -71126 -33778 -3012 -20435 -48421 -72136 -102448
Moneys Worth Ratio (BenefitsX100/Taxes) Cohort 22 in 1971
--------------------------------------------------------------------------------------------------
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) 99 78 68 71 77 94 86 70 67 58
5% PSA-401K (2.3) 100 76 65 65 74 97 83 70 64 59
5% PSA-USBond (2.3) 99 74 64 63 73 96 81 68 63 57
1.6% IA-401KAn(2.3) 94 74 64 64 72 91 81 68 63 57
1.6% IA-USBond(2.3) 94 73 63 63 72 91 81 67 63 56
MB (4.2) 99 78 68 70 76 94 86 70 67 58
MTR (2.3) 94 73 62 62 71 91 80 66 62 55
LTR (2.3) 99 72 60 60 70 95 80 65 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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