MEMORANDUM
January 31, 2002

Estimates of Financial Effects for Three Models Developed by the President's Commission to Strengthen Social Security

List of Attached Tables

Financial Status of the OASDI Program under PRESENT LAW
MODEL 1
MODEL 2
MODEL 3
(2+0)
Financing of account
contributions entirely from
OASI payroll tax revenue
(1+1)
Half (1-percentage-
point) of the financing
from payroll taxes
and the rest from
general revenue
(0+2)
Financing entirely from
general revenue
67% (2/3) IA
participation rate
100% IA
participation rate
67% (2/3) IA
participation rate
67% (2/3) IA
participation rate
67% (2/3) IA
participation rate
100% IA
participation rate
67% (2/3) IA
participation rate
100% IA
participation rate
Plan 1(2+0)67p
Plan 1(2+0)100p
Plan 1(1+1)67p
Plan 1(0+2)67p
Basic Plan 2
Basic Plan 3
Plan 2T-67p
Plan 2T-100p
Plan 3T-67p
Plan 3T-100p
Additional Aggregate Values to Trust Fund and Personal Account
Plan 1(2+0)67p-a
Plan 1(2+0)100p-a
Plan 1(1+1)67p-a
Plan 1(0+2)67p-a
Basic Plan 2-a
Basic Plan 3-a
Plan 2T-67p-a
Plan 2T-100p-a
Plan 3T-67p-a
Plan 3T-100p-a
Unified Budget Effects
Plan 1(2+0)67p-b
Plan 1(2+0)100p-b
Plan 1(1+1)67p-b
Plan 1(0+2)67p-b
Basic Plan 2-b
Basic Plan 3-b
Plan 2T-67p-b
Plan 2T-100p-b
Plan 3T-67p-b
Plan 3T-100p-b
Annual Cash Flows from the General Fund of the Treasury to the OASDI Trust Fund,
in Constant 2001 Dollars
Plan 1(2+0)67p-c
Plan 1(2+0)100p-c
Plan 1(1+1)67p-c
Plan 1(0+2)67p-c
Basic Plan 2-c
Basic Plan 3-c
Plan 2T-67p-c
Plan 2T-100p-c
Plan 3T-67p-c
Plan 3T-100p-c

WEALTH--Estimated Accumulation of Personal Account Assets at Retirement at Age 65 for Plans 1,2, and 3
Full Annuitization of Personal Account Assets at Retirement With a CPI-Indexed Life Annuity on a Joint and 2/3 Survivor Basis
Plan 1
2-Earner Couple
Plan 1
1-Earner Couple
Plan 2
2-Earner Couple
Plan 2
1-Earner Couple
Plan 3
2-Earner Couple
Plan 3
1-Earner Couple
Full Annuitization of Personal Account Assets With a Variable Annuity Invested as Before Retirement
Plan 1-v
2-Earner Couple
Plan 1-v
1-Earner Couple
Plan 2-v
2-Earner Couple
Plan 2-v
1-Earner Couple
Plan 3-v
2-Earner Couple
Plan 3-v
1-Earner Couple

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