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Table 77 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 1977
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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) 47062 78974 102057 114662 77833 52971 77001 87363 108144 115412
5% PSA-401K (2.3) 50487 80258 101765 108726 78845 58010 77341 91445 108607 122154
5% PSA-USBond (2.3) 49095 77270 97292 103599 75816 56359 74693 87775 103850 116282
1.6% IA-401KAn(2.3) 46666 77241 97791 105114 75356 53650 74614 87712 104804 114614
1.6% IA-USBond(2.3) 46157 76146 96152 103237 74247 53046 73642 86369 103061 112465
MB (4.2) 47044 78928 102019 114452 77785 52951 76960 87310 108103 115370
MTR (2.3) 44062 71652 89424 95584 69696 50562 69659 80849 95906 103634
LTR (2.3) 42813 63814 77120 80684 62181 48909 62752 71256 82395 89794
Present Value of Expected Pyrl Tax (EE + ER) Cohort 22 in 1977
--------------------------------------------------------------------------------------------------
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) 47616 101668 152567 170815 102936 56034 89726 124520 161274 199232
5% PSA-401K (2.3) 49487 105653 158541 177762 106989 58238 93230 129416 167592 207068
5% PSA-USBond (2.3) 49487 105653 158541 177762 106989 58238 93230 129416 167592 207068
1.6% IA-401KAn(2.3) 49586 105864 158855 178128 107203 58354 93416 129676 167924 207480
1.6% IA-USBond(2.3) 49586 105864 158855 178128 107203 58354 93416 129676 167924 207480
MB (4.2) 47616 101668 152567 170815 102936 56034 89726 124520 161274 199232
MTR (2.3) 47616 101668 152567 170815 102936 56034 89726 124520 161274 199232
LTR (2.3) 43333 92543 138894 154912 93659 50990 81700 113308 146812 181292
Present Value of Expected "Net Subsidy" Cohort 22 in 1977
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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) -554 -22694 -50510 -56153 -25103 -3063 -12725 -37157 -53130 -83820
5% PSA-401K (2.3) 1000 -25395 -56776 -69036 -28144 -228 -15889 -37971 -58985 -84914
5% PSA-USBond (2.3) -392 -28382 -61249 -74163 -31172 -1879 -18537 -41641 -63742 -90786
1.6% IA-401KAn(2.3) -2919 -28624 -61064 -73014 -31847 -4704 -18802 -41964 -63120 -92866
1.6% IA-USBond(2.3) -3429 -29718 -62703 -74892 -32956 -5308 -19774 -43307 -64863 -95015
MB (4.2) -572 -22740 -50548 -56363 -25152 -3083 -12766 -37210 -53171 -83862
MTR (2.3) -3554 -30016 -63144 -75231 -33240 -5472 -20067 -43671 -65368 -95598
LTR (2.3) -520 -28729 -61774 -74227 -31478 -2081 -18948 -42052 -64417 -91498
Moneys Worth Ratio (BenefitsX100/Taxes) Cohort 22 in 1977
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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) 99 78 67 67 76 95 86 70 67 58
5% PSA-401K (2.3) 102 76 64 61 74 100 83 71 65 59
5% PSA-USBond (2.3) 99 73 61 58 71 97 80 68 62 56
1.6% IA-401KAn(2.3) 94 73 62 59 70 92 80 68 62 55
1.6% IA-USBond(2.3) 93 72 61 58 69 91 79 67 61 54
MB (4.2) 99 78 67 67 76 94 86 70 67 58
MTR (2.3) 93 70 59 56 68 90 78 65 59 52
LTR (2.3) 99 69 56 52 66 96 77 63 56 50
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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