Trustees Reports- 1996

Table II.E3. - Selected OASDI Program Amounts Determined Under the Automatic-Adjustment Provisions, Calendar Years 1978-96, and Projected Future Amounts, Calendar Years 1997-2005, on the Basis of the Intermediate Set of Assumptions

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                                                            Earnings  "Old law"
                AIME "bend           PIA "bend points"      required    contri-
              points" in PIA            in maximum-            for a     bution
                 formula          family-benefit formula     quarter        and 
Calendar   -------------------  --------------------------   of cov-    benefit 
  year        First     Second     First   Second    Third  erage 1/    base 2/
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Historical data:
1978......      (3)        (3)       (3)      (3)      (3)   4/ $250        (3)
1979......  4/ $180  4/ $1,085   4/ $230  4/ $332  4/ $433       260    $18,900

1980......      194      1,171       248      358      467       290     20,400
1981......      211      1,274       270      390      508       310     22,200
1982......      230      1,388       294      425      554       340     24,300
1983......      254      1,528       324      468      610       370     26,700
1984......      267      1,612       342      493      643       390     28,200

1985......      280      1,691       358      517      675       410     29,700
1986......      297      1,790       379      548      714       440     31,500
1987......      310      1,866       396      571      745       460     32,700
1988......      319      1,922       407      588      767       470     33,600
1989......      339      2,044       433      626      816       500     35,700

1990......      356      2,145       455      656      856       520     38,100
1991......      370      2,230       473      682      890       540     39,600
1992......      387      2,333       495      714      931       570     41,400
1993......      401      2,420       513      740      966       590     42,900
1994......      422      2,545       539      779    1,016       620     45,000

1995......      426      2,567       544      785    1,024       630     45,300
1996......      437      2,635       559      806    1,052       640     46,500

Intermediate:

1997......      454      2,737       580      838    1,092       670     48,300
1998......      472      2,845       603      870    1,135       690     50,400
1999......      492      2,964       628      907    1,183       720     52,500
2000......      511      3,080       653      943    1,229       750     54,600

2001......      532      3,209       680      982    1,280       780     56,700
2002......      555      3,344       709    1,023    1,335       820     59,100
2003......      579      3,488       739    1,067    1,392       850     61,800
2004......      605      3,646       773    1,116    1,455       890     64,500
2005......      634      3,822       810    1,169    1,525       930     67,500
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1/ See Appendix F for a description of quarter-of-coverage requirements prior
to 1978.
2/ Contribution and benefit base that would have been determined automatically
under the law in effect prior to enactment of the Social Security Amendments of
1977. The bases for years after 1989 were increased slightly by changes to the
indexing procedure to determine the base, as required by Public Law 101-239.
3/ No provision in law for this amount in this year.
4/ Amount specified for first year by Social Security Amendments of 1977;
amounts for subsequent years subject to automatic-adjustment provisions.