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Table 95m 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
-----------------------------------------------------------------------------------------
Married, Male Worker Only Married, Female Worker Only
(TF
Real Low Ave High Max Low Ave High Max
Package Int) Erns Erns Erns Erns Erns Erns Erns Erns
Present Law (2.3) 69103 114879 151632 182847 62708 103859 137163 165355
PL PAYGO (2.3) 69103 114879 151632 182847 62708 103859 137163 165355
5% PSA-All Tax(2.3) 73238 106713 140171 181587 66961 97795 129688 169015
5% PSA-Hi Yld (2.3) 82314 126883 172444 230182 76006 117896 161850 217440
1.6% IA-Hi Yld(2.3) 65828 106848 142893 179710 59656 96743 129888 164035
MB+ (4.6) 85139 141394 186770 225151 77680 128632 169959 204832
MB-PAYGO (4.2) 69075 114806 151579 182744 62679 103786 137111 165253
MTR (2.3) 56477 86068 109644 129707 50444 76272 97134 114780
LTR (2.3) 53882 63681 71349 78167 47750 55104 61382 66382
Present Value of Expected Pyrl Tax (EE + ER) Cohort 22 in 1995
-----------------------------------------------------------------------------------------
Married, Male Worker Only Married, Female Worker Only
Low Ave High Max Low Ave High Max
Erns Erns Erns Erns Erns Erns Erns Erns
Present Law (2.3) 34158 75906 121450 182778 35488 78864 126182 189870
PL PAYGO (2.3) 35988 79974 127958 192526 37488 83306 133288 200514
5% PSA-All Tax(2.3) 40092 89092 142548 214440 41650 92558 148092 222750
5% PSA-Hi Yld (2.3) 37874 84164 134664 202620 39366 87482 139972 210576
1.6% IA-Hi Yld(2.3) 38070 84600 135358 203664 39572 87936 140698 211664
MB+ (4.6) 37874 84164 134664 202620 39366 87482 139972 210576
MB-PAYGO (4.2) 34158 75906 121450 182778 35488 78864 126182 189870
MTR (2.3) 34158 75906 121450 182778 35488 78864 126182 189870
LTR (2.3) 25650 57000 91200 137352 26608 59130 94610 142462
Present Value of Expected "Net Subsidy" Cohort 22 in 1995
-----------------------------------------------------------------------------------------
Married, Male Worker Only Married, Female Worker Only
Low Ave High Max Low Ave High Max
Erns Erns Erns Erns Erns Erns Erns Erns
Present Law (2.3) 34945 38973 30182 69 27220 24995 10981 -24515
PL PAYGO (2.3) 33115 34905 23674 -9679 25220 20553 3875 -35159
5% PSA-All Tax(2.3) 33146 17621 -2377 -32853 25311 5237 -18404 -53735
5% PSA-Hi Yld (2.3) 44440 42719 37780 27562 36640 30414 21878 6864
1.6% IA-Hi Yld(2.3) 27758 22248 7535 -23954 20084 8807 -10810 -47629
MB+ (4.6) 47265 57230 52106 22531 38314 41150 29987 -5744
MB-PAYGO (4.2) 34917 38900 30129 -34 27191 24922 10929 -24617
MTR (2.3) 22319 10162 -11806 -53071 14956 -2592 -29048 -75090
LTR (2.3) 28232 6681 -19851 -59185 21142 -4026 -33228 -76080
Moneys Worth Ratio (BenefitsX100/Taxes) Cohort 22 in 1995
-----------------------------------------------------------------------------------------
Married, Male Worker Only Married, Female Worker Only
Low Ave High Max Low Ave High Max
Erns Erns Erns Erns Erns Erns Erns Erns
Present Law (2.3) 202 151 125 100 177 132 109 87
PL PAYGO (2.3) 192 144 119 95 167 125 103 82
5% PSA-All Tax(2.3) 183 120 98 85 161 106 88 76
5% PSA-Hi Yld (2.3) 217 151 128 114 193 135 116 103
1.6% IA-Hi Yld(2.3) 173 126 106 88 151 110 92 77
MB+ (4.6) 225 168 139 111 197 147 121 97
MB-PAYGO (4.2) 202 151 125 100 177 132 109 87
MTR (2.3) 165 113 90 71 142 97 77 60
LTR (2.3) 210 112 78 57 179 93 65 47
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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