Table A. Individual Account Contributions for Workers in 2001
|
DeMint Plan -- Contribution Rate: 8% for $1, 3% for Maximum
|
|
Level of Annual Old-Age, Survivors, and Disability Insurance
Taxable Earnings
|
Personal Savings
Account Contribution
as a Percentage
of Earnings
|
Personal Savings
Account Contribution
in Dollar Amount
|
|
$1,000
|
7.94%
|
$79.38
|
|
5,000
|
7.69%
|
384.45
|
|
10,000
|
7.38%
|
737.81
|
|
20,000
|
6.76%
|
1,351.24
|
|
30,000
|
6.13%
|
1,840.30
|
|
40,000
|
5.51%
|
2,204.98
|
|
50,000
|
4.89%
|
2,445.27
|
|
60,000
|
4.27%
|
2,561.19
|
|
70,000
|
3.65%
|
2,552.74
|
|
80,400
(taxable maximum)
|
3.00%
|
2,412.00
|
|
|
|
15,156
(Low = 45% of average wage index (AWI))
|
7.06%
|
1,069.64
|
|
33,680
(Average = AWI)
|
5.91%
|
1,988.98
|
|
38,100
(1/2 taxable maximum)
|
5.63%
|
2,145.26
|
|
53,889
(High = 160% of AWI)
|
4.65%
|
2,505.13
|
|
64,320
(Peak Dollar Contribution)
|
4.00%
|
2,572.80
|
|
|
Office of the Actuary
Social Security Administration
December 16, 2001
|