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Table 95 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 1995
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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) 69404 118592 151829 169586 115469 80822 117495 133847 165105 176939
PL PAYGO (2.3) 69404 118592 151829 169586 115469 80822 117495 133847 165105 176939
5% PSA-401K (2.3) 91853 146616 185605 197376 143138 111827 144427 173338 206030 237157
5% PSA-USBond (2.3) 82045 125124 153609 159889 121539 99765 124955 146534 171142 194270
1.6% IA-401KAn(2.3) 78049 131051 159201 170886 124924 94975 127556 155646 177044 193441
1.6% IA-USBond(2.3) 73650 121404 144831 154159 115236 89565 118805 143624 161377 174205
MB (4.2) 69375 118525 151775 169489 115413 80788 117430 133772 165043 176885
MTR (2.3) 66193 105072 120507 126068 98847 80400 104014 123257 134873 141619
LTR (2.3) 60487 77912 83309 78265 74137 73260 82202 87633 94517 100029
Present Value of Expected Pyrl Tax (EE + ER) Cohort 22 in 1995
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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) 57294 124307 185503 218486 125305 69646 111394 154770 200314 247632
PL PAYGO (2.3) 60441 131110 195631 230255 132147 73476 117462 163280 211264 261246
5% PSA-401K (2.3) 63540 137856 205719 242225 138957 77240 123530 171646 222146 274636
5% PSA-USBond (2.3) 63540 137856 205719 242225 138957 77240 123530 171646 222146 274636
1.6% IA-401KAn(2.3) 63871 138571 206782 243474 139677 77642 124172 172536 223294 276056
1.6% IA-USBond(2.3) 63871 138571 206782 243474 139677 77642 124172 172536 223294 276056
MB (4.2) 57294 124307 185503 218486 125305 69646 111394 154770 200314 247632
MTR (2.3) 57294 124307 185503 218486 125305 69646 111394 154770 200314 247632
LTR (2.3) 42991 93286 139220 164136 94049 52258 83608 116130 150330 185810
Present Value of Expected "Net Subsidy" Cohort 22 in 1995
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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) 12110 -5715 -33674 -48900 -9836 11176 6101 -20923 -35209 -70693
PL PAYGO (2.3) 8963 -12518 -43801 -60668 -16678 7346 33 -29433 -46159 -84307
5% PSA-401K (2.3) 28313 8760 -20114 -44849 4180 34587 20897 1692 -16116 -37479
5% PSA-USBond (2.3) 18505 -12732 -52110 -82336 -17419 22525 1425 -25112 -51004 -80366
1.6% IA-401KAn(2.3) 14178 -7520 -47581 -72588 -14753 17333 3384 -16890 -46250 -82615
1.6% IA-USBond(2.3) 9779 -17167 -61950 -89316 -24441 11923 -5367 -28912 -61917 -101851
MB (4.2) 12081 -5783 -33728 -48997 -9892 11142 6036 -20998 -35271 -70747
MTR (2.3) 8899 -19236 -64996 -92418 -26458 10754 -7380 -31513 -65441 -106013
LTR (2.3) 17496 -15375 -55911 -85871 -19912 21002 -1406 -28497 -55813 -85781
Moneys Worth Ratio (BenefitsX100/Taxes) Cohort 22 in 1995
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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) 121 95 82 78 92 116 105 86 82 71
PL PAYGO (2.3) 115 90 78 74 87 110 100 82 78 68
5% PSA-401K (2.3) 145 106 90 81 103 145 117 101 93 86
5% PSA-USBond (2.3) 129 91 75 66 87 129 101 85 77 71
1.6% IA-401KAn(2.3) 122 95 77 70 89 122 103 90 79 70
1.6% IA-USBond(2.3) 115 88 70 63 83 115 96 83 72 63
MB (4.2) 121 95 82 78 92 116 105 86 82 71
MTR (2.3) 116 85 65 58 79 115 93 80 67 57
LTR (2.3) 141 84 60 48 79 140 98 75 63 54
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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