Table 2: Ratio of Retirement Benefits Proposed under H.R. 2771 to Present Law OASI Benefit
Benefits Levels for Single Earners Retiring at Age 65 with Various Scaled Pre-Retirement Earnings Levels*
(Intermediate assumptions of the 2001 OASDI Trustees Report plus additional assumptions described in the accompanying memorandum)
Current
Age
(Assuming
Retirement
at Age 65)
 
Retirement in 2020
 
 
 
Retirement in 2050
 
 
 
Retirement in 2070
 
 
IA Annuity Only
Total Benefit
with IA Annuity
 
 
IA Annuity Only
Total Benefit
with IA Annuity
 
 
IA Annuity Only
Total Benefit
with IA Annuity
OASI
Benefit
Expected
Yield
Bond
Yield
Expected
Yield
Bond
Yield
 
OASI
Benefit
Expected
Yield
Bond
Yield
Expected
Yield
Bond
Yield
 
OASI
Benefit
Expected
Yield
Bond
Yield
Expected
Yield
Bond
Yield

Comparison is made to Benefits Scheduled to be Paid under Present Law
Low Earner
65
1.04
0.08
0.07
1.12
1.11
 
0.70
0.30
0.20
1.00
0.90
 
0.62
0.29
0.20
0.91
0.82
80
0.99
0.08
0.07
1.07
1.06
 
0.67
0.29
0.19
0.96
0.86
 
0.59
0.28
0.19
0.87
0.78
95
0.95
0.07
0.06
1.02
1.01
 
0.64
0.27
0.18
0.91
0.82
 
0.56
0.27
0.18
0.83
0.74
Medium Earner
65
0.81
0.10
0.08
0.91
0.89
 
0.52
0.35
0.24
0.88
0.76
 
0.49
0.34
0.23
0.83
0.72
80
0.78
0.09
0.08
0.87
0.85
 
0.50
0.34
0.22
0.84
0.72
 
0.47
0.33
0.22
0.79
0.68
95
0.74
0.09
0.07
0.83
0.81
 
0.48
0.32
0.21
0.80
0.69
 
0.44
0.31
0.21
0.75
0.65
High Earner
65
0.73
0.11
0.09
0.84
0.82
 
0.46
0.41
0.27
0.87
0.73
 
0.38
0.39
0.26
0.77
0.64
80
0.70
0.10
0.09
0.80
0.79
 
0.44
0.39
0.26
0.82
0.70
 
0.36
0.37
0.25
0.73
0.61
95
0.66
0.10
0.08
0.76
0.75
 
0.42
0.37
0.25
0.79
0.66
 
0.34
0.36
0.24
0.70
0.58

Comparison is made to Reduced Benefits Payable under Present Law
Low Earner
65
1.04
0.08
0.07
1.12
1.11
 
0.96
0.41
0.28
1.38
1.24
 
0.91
0.43
0.29
1.34
1.20
80
0.99
0.08
0.07
1.07
1.06
 
0.97
0.42
0.28
1.38
1.24
 
0.90
0.42
0.28
1.33
1.19
95
1.30
0.10
0.09
1.40
1.39
 
0.96
0.41
0.28
1.37
1.23
 
0.89
0.42
0.28
1.31
1.17
Medium Earner
65
0.81
0.10
0.08
0.91
0.89
 
0.72
0.48
0.32
1.20
1.04
 
0.72
0.50
0.33
1.22
1.05
80
0.78
0.09
0.08
0.87
0.85
 
0.72
0.49
0.32
1.21
1.05
 
0.71
0.50
0.33
1.21
1.04
95
1.02
0.12
0.10
1.13
1.12
 
0.72
0.48
0.32
1.20
1.04
 
0.70
0.49
0.33
1.19
1.03
High Earner
65
0.73
0.11
0.09
0.84
0.82
 
0.63
0.56
0.37
1.19
1.00
 
0.55
0.58
0.38
1.13
0.94
80
0.70
0.10
0.09
0.80
0.79
 
0.63
0.56
0.37
1.19
1.01
 
0.55
0.57
0.38
1.12
0.93
95
0.91
0.14
0.12
1.05
1.03
 
0.63
0.56
0.37
1.18
1.00
 
0.54
0.56
0.38
1.10
0.91
* Illustrations assume that workers have no periods of disability prior to retirement.
 
Office of the Chief Actuary
Social Security Administration
10/1/01


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