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Table 71s 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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Single Male Worker Single Female Worker
(TF
Real Low Ave High Max Low Ave High Max
Package Int) Erns Erns Erns Erns Erns Erns Erns Erns
Present Law (2.3) 25997 42972 56594 66768 31229 51592 68051 80734
5% PSA-401K (2.3) 26461 42455 56419 68068 31214 49478 65739 78866
5% PSA-USBond (2.3) 26037 41512 54911 65787 30761 48471 64127 76429
1.6% IA-401KAn(2.3) 24606 40586 53783 63876 29466 48457 64207 76433
1.6% IA-USBond(2.3) 24464 40269 53276 63109 29316 48122 63671 75623
MB (4.2) 25987 42942 56574 66127 31216 51553 68025 79901
MTR (2.3) 23623 38401 50287 58608 28414 46119 60466 70796
LTR (2.3) 23497 35867 45880 52188 28029 42399 54413 61804
Present Value of Expected Pyrl Tax (EE + ER) Cohort 22 in 1971
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Single Male Worker Single Female Worker
Low Ave High Max Low Ave High Max
Erns Erns Erns Erns Erns Erns Erns Erns
Present Law (2.3) 32810 72912 114560 155374 33852 75228 118260 160802
5% PSA-401K (2.3) 33636 74746 117494 159792 34740 77198 121414 165552
5% PSA-USBond (2.3) 33636 74746 117494 159792 34740 77198 121414 165552
1.6% IA-401KAn(2.3) 33680 74842 117648 160026 34786 77302 121580 165802
1.6% IA-USBond(2.3) 33680 74842 117648 160026 34786 77302 121580 165802
MB (4.2) 32810 72912 114560 155374 33852 75228 118260 160802
MTR (2.3) 32810 72912 114560 155374 33852 75228 118260 160802
LTR (2.3) 30922 68714 107842 145258 31822 70714 111040 149928
Present Value of Expected "Net Subsidy" Cohort 22 in 1971
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Single Male Worker Single Female Worker
Low Ave High Max Low Ave High Max
Erns Erns Erns Erns Erns Erns Erns Erns
Present Law (2.3) -6813 -29940 -57966 -88606 -2623 -23636 -50209 -80068
5% PSA-401K (2.3) -7175 -32291 -61075 -91724 -3526 -27720 -55675 -86686
5% PSA-USBond (2.3) -7599 -33234 -62583 -94005 -3979 -28727 -57287 -89123
1.6% IA-401KAn(2.3) -9074 -34256 -63865 -96150 -5320 -28845 -57373 -89369
1.6% IA-USBond(2.3) -9216 -34573 -64372 -96917 -5470 -29180 -57909 -90179
MB (4.2) -6823 -29970 -57986 -89247 -2636 -23675 -50235 -80901
MTR (2.3) -9187 -34511 -64273 -96766 -5438 -29109 -57794 -90006
LTR (2.3) -7425 -32847 -61962 -93070 -3793 -28315 -56627 -88124
Moneys Worth Ratio (BenefitsX100/Taxes) Cohort 22 in 1971
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Single Male Worker Single Female Worker
Low Ave High Max Low Ave High Max
Erns Erns Erns Erns Erns Erns Erns Erns
Present Law (2.3) 79 59 49 43 92 69 58 50
5% PSA-401K (2.3) 79 57 48 43 90 64 54 48
5% PSA-USBond (2.3) 77 56 47 41 89 63 53 46
1.6% IA-401KAn(2.3) 73 54 46 40 85 63 53 46
1.6% IA-USBond(2.3) 73 54 45 39 84 62 52 46
MB (4.2) 79 59 49 43 92 69 58 50
MTR (2.3) 72 53 44 38 84 61 51 44
LTR (2.3) 76 52 43 36 88 60 49 41
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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