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Table 86 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 1986
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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) 50178 85607 109549 122585 83423 58262 84873 96447 119103 127510
PL PAYGO (2.3) 50178 85607 109549 122585 83423 58262 84873 96447 119103 127510
5% PSA-401K (2.3) 59652 95232 119912 127479 92826 71556 93334 111692 132131 150810
5% PSA-USBond (2.3) 56087 87461 108340 114039 85012 67198 86323 102007 119552 135314
1.6% IA-401KAn(2.3) 52707 87816 108387 116067 84359 63123 85619 103011 120322 129987
1.6% IA-USBond(2.3) 51257 84652 103673 110613 81179 61350 82760 99071 115198 123682
MB (4.2) 50154 85563 109511 122500 83383 58234 84830 96399 119061 127472
MTR (2.3) 47557 76589 91665 96816 73082 56829 75487 89023 102148 107606
LTR (2.3) 45154 63637 72865 73215 61085 53835 64835 72310 80993 87800
Present Value of Expected Pyrl Tax (EE + ER) Cohort 22 in 1986
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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) 45902 99277 148257 174982 100246 55494 88800 123322 159656 197316
PL PAYGO (2.3) 46451 100453 150004 176998 101429 56158 89844 124794 161542 199670
5% PSA-401K (2.3) 49104 106188 158568 187055 107217 59366 94970 131924 170766 211078
5% PSA-USBond (2.3) 49104 106188 158568 187055 107217 59366 94970 131924 170766 211078
1.6% IA-401KAn(2.3) 49272 106552 159111 187689 107583 59570 95296 132376 171350 211804
1.6% IA-USBond(2.3) 49272 106552 159111 187689 107583 59570 95296 132376 171350 211804
MB (4.2) 45902 99277 148257 174982 100246 55494 88800 123322 159656 197316
MTR (2.3) 45902 99277 148257 174982 100246 55494 88800 123322 159656 197316
LTR (2.3) 38577 83458 124652 147342 84291 46634 74678 103632 134224 165810
Present Value of Expected "Net Subsidy" Cohort 22 in 1986
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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) 4276 -13670 -38708 -52397 -16823 2768 -3927 -26875 -40553 -69806
PL PAYGO (2.3) 3727 -14846 -40456 -54413 -18006 2104 -4971 -28347 -42439 -72160
5% PSA-401K (2.3) 10549 -10956 -38656 -59576 -14391 12190 -1636 -20232 -38635 -60268
5% PSA-USBond (2.3) 6983 -18727 -50228 -73015 -22204 7832 -8647 -29917 -51214 -75764
1.6% IA-401KAn(2.3) 3435 -18736 -50724 -71622 -23225 3553 -9677 -29365 -51028 -81817
1.6% IA-USBond(2.3) 1985 -21900 -55437 -77076 -26405 1780 -12536 -33305 -56152 -88122
MB (4.2) 4251 -13714 -38745 -52482 -16863 2740 -3970 -26923 -40595 -69844
MTR (2.3) 1655 -22688 -56592 -78166 -27164 1335 -13313 -34299 -57508 -89710
LTR (2.3) 6577 -19821 -51787 -74127 -23205 7201 -9843 -31322 -53231 -78010
Moneys Worth Ratio (BenefitsX100/Taxes) Cohort 22 in 1986
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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) 109 86 74 70 83 105 96 78 75 65
PL PAYGO (2.3) 108 85 73 69 82 104 94 77 74 64
5% PSA-401K (2.3) 121 90 76 68 87 121 98 85 77 71
5% PSA-USBond (2.3) 114 82 68 61 79 113 91 77 70 64
1.6% IA-401KAn(2.3) 107 82 68 62 78 106 90 78 70 61
1.6% IA-USBond(2.3) 104 79 65 59 75 103 87 75 67 58
MB (4.2) 109 86 74 70 83 105 96 78 75 65
MTR (2.3) 104 77 62 55 73 102 85 72 64 55
LTR (2.3) 117 76 58 50 72 115 87 70 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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