Benefit Formula Changes

Credit earnings to caregivers' records: Up to 5 years at one-half average wage when caring for children under age six: 2030 | 2050 | 2070

Increase the computation period from 35 years to 40 years: 2030 | 2050 | 2070

Price index the PIA formula: Reduce the formula factors by the difference in growth rates of wages and prices: 2030 | 2050 | 2070

Price index the PIA formula: Protect the bottom 30% of workers from price indexing: 2030 | 2050 | 2070

Reconfigure the minimum benefit: For workers with 10 to 30 years of coverage (YOC = 4 quarters earned that year) set PIA up to 125% of the monthly poverty level: 2030 | 2050 | 2070

Reduce the 90%, 32%, and 15% PIA factors: To 90%, 21%, and 10% over a 31-year period: 2030 | 2050 | 2070

Reduce the 90%, 32%, and 15% PIA factors: To 69.2%, 24.6%, and 11.5% over a 28-year period: 2030 | 2050 | 2070

Reduce initial benefits: By 5%: 2030 | 2050 | 2070

Cost of Living Adjustment Changes

Covered Worker Changes

Retirement Age Increases

Taxation Changes

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Increase the computation period from 35 years to 40 years

Projected effects on beneficiaries in 2070

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Individual Benefits
Scheduled | Payable
Distribution of Changes
Scheduled | Payable
Poverty
Scheduled | Payable
Median Monthly Benefit
Scheduled | Payable

Table 1. Individual benefits 2070: Increase Comp Yrs to 40 versus Scheduled
Characteristic	Median Percent Change	Percent With
Characteristic	Median Percent Change	Lower Benefits	Higher Benefits
Total	-4%	83%	0%
Sex
Female	-4%	83%	0%
Male	-4%	82%	0%
Race/Ethnicity
Hispanic	-4%	80%	0%
White	-4%	85%	0%
Black	-4%	74%	0%
Other	-5%	85%	0%
Immigration
Immigrant	-5%	84%	0%
Native Born	-4%	82%	0%
Age
60–69	-4%	75%	0%
70–79	-4%	85%	0%
80–89	-4%	88%	0%
90+	-3%	89%	0%
Marital Status
Never Married	-4%	81%	0%
Married	-4%	86%	0%
Divorced	-4%	77%	0%
Widowed	-3%	80%	0%
Education
Graduate	-4%	88%	0%
Bachelor	-4%	88%	0%
Associate	-4%	82%	0%
High School	-4%	78%	0%
Less than 12 Yrs	-5%	79%	0%
Indiv. Income Quintile
$141,869+	-3%	90%	0%
$76,273 - $141,869	-4%	87%	0%
$47,225 - $76,273	-4%	82%	0%
$28,018 - $47,225	-4%	77%	0%
$0-$28,018	-5%	76%	0%
Hhld. Income Quintile
$234,849+	-3%	89%	0%
$125,659 - $234,849	-4%	88%	0%
$74,813 - $125,659	-4%	84%	0%
$41,558 - $74,813	-4%	79%	0%
$0-$41,558	-5%	73%	0%
Shared Earn. Quintile
$129,152+	-3%	91%	0%
$89,585 - $129,152	-4%	90%	0%
$63,685 - $89,585	-4%	84%	0%
$39,226 - $63,685	-5%	79%	0%
$0-$39,226	-5%	70%	0%
Benefit Type
Retired Worker	-5%	99%	0%
Spousal & Worker	-3%	89%	1%
Spousal Only	-6%	92%	0%
Survivor & Worker	-3%	72%	0%
Survivor Only	-4%	70%	0%
Retired Disabled	0%	14%	0%
Disabled Worker	0%	4%	0%
Claiming Age
62 or younger	-4%	73%	0%
63–66	-4%	92%	0%
67 or older	-4%	93%	0%
Quarters of Coverage
201+	-3%	95%	0%
161–200	-4%	89%	0%
81–160	-5%	77%	0%
0–80	-5%	68%	0%
Own AIME Quintile
$11,030+	-3%	91%	0%
$7,326 - $11,030	-4%	87%	0%
$5,076 - $7,326	-4%	81%	0%
$2,910 - $5,076	-5%	77%	0%
$0-$2,910	-5%	78%	0%
Paying AIME Quintile
$12,519+	-3%	90%	0%
$8,545 - $12,519	-4%	87%	0%
$6,145 - $8,545	-4%	82%	0%
$3,923 - $6,145	-5%	79%	0%
$0-$3,923	-5%	76%	0%
Hhld. Benefit Quintile
$4,389+	-3%	88%	0%
$3,216 - $4,389	-3%	85%	0%
$2,435 - $3,216	-4%	83%	0%
$1,690 - $2,435	-4%	79%	0%
$0-$1,690	-5%	79%	0%
Adj. Gross Income
$181,671+	-3%	89%	0%
$123,969 - $181,671	-4%	88%	0%
$82,014 - $123,969	-4%	87%	0%
$1 - $82,014	-5%	83%	0%
$0.00	-4%	74%	0%
Population: current law beneficiaries aged 60 and older Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 03/09/2012
Note: This proposal is based on specifications received from outside the Social Security Administration, unless noted otherwise. It does not represent the views of the agency.

Table 5. Individual benefits 2070: Increase Comp Yrs to 40 versus Payable
Characteristic	Median Percent Change	Percent With
Characteristic	Median Percent Change	Lower Benefits	Higher Benefits
Total	24%	0%	100%
Sex
Female	24%	0%	100%
Male	24%	0%	100%
Race/Ethnicity
Hispanic	23%	0%	100%
White	24%	0%	100%
Black	24%	0%	100%
Other	23%	0%	100%
Immigration
Immigrant	23%	0%	99%
Native Born	24%	0%	100%
Age
60–69	24%	1%	99%
70–79	24%	0%	100%
80–89	24%	0%	100%
90+	25%	0%	100%
Marital Status
Never Married	23%	0%	100%
Married	24%	0%	100%
Divorced	24%	0%	100%
Widowed	25%	0%	100%
Education
Graduate	24%	0%	100%
Bachelor	24%	0%	100%
Associate	24%	0%	100%
High School	24%	0%	100%
Less than 12 Yrs	23%	0%	100%
Indiv. Income Quintile
$141,869+	25%	0%	99%
$76,273 - $141,869	24%	1%	99%
$47,225 - $76,273	24%	0%	100%
$28,018 - $47,225	23%	0%	100%
$0-$28,018	23%	0%	100%
Hhld. Income Quintile
$234,849+	25%	0%	99%
$125,659 - $234,849	24%	1%	99%
$74,813 - $125,659	24%	0%	100%
$41,558 - $74,813	23%	0%	100%
$0-$41,558	23%	0%	100%
Shared Earn. Quintile
$129,152+	25%	0%	100%
$89,585 - $129,152	24%	0%	100%
$63,685 - $89,585	24%	0%	100%
$39,226 - $63,685	23%	0%	100%
$0-$39,226	23%	0%	100%
Benefit Type
Retired Worker	23%	0%	100%
Spousal & Worker	25%	0%	100%
Spousal Only	22%	1%	98%
Survivor & Worker	26%	0%	100%
Survivor Only	23%	1%	99%
Retired Disabled	30%	0%	100%
Disabled Worker	30%	0%	100%
Claiming Age
62 or younger	24%	0%	100%
63–66	24%	0%	99%
67 or older	24%	0%	100%
Quarters of Coverage
201+	26%	0%	99%
161–200	24%	0%	100%
81–160	22%	0%	100%
0–80	23%	0%	100%
Own AIME Quintile
$11,030+	26%	0%	100%
$7,326 - $11,030	23%	0%	100%
$5,076 - $7,326	24%	0%	100%
$2,910 - $5,076	23%	0%	100%
$0-$2,910	23%	0%	100%
Paying AIME Quintile
$12,519+	26%	0%	100%
$8,545 - $12,519	24%	0%	100%
$6,145 - $8,545	23%	0%	100%
$3,923 - $6,145	23%	0%	100%
$0-$3,923	22%	0%	100%
Hhld. Benefit Quintile
$4,389+	25%	0%	100%
$3,216 - $4,389	25%	0%	100%
$2,435 - $3,216	24%	0%	100%
$1,690 - $2,435	23%	0%	100%
$0-$1,690	22%	1%	99%
Adj. Gross Income
$181,671+	25%	1%	99%
$123,969 - $181,671	24%	0%	100%
$82,014 - $123,969	24%	0%	100%
$1 - $82,014	23%	0%	100%
$0.00	23%	0%	100%
Population: current law beneficiaries aged 60 and older Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 03/09/2012
Note: This proposal is based on specifications received from outside the Social Security Administration, unless noted otherwise. It does not represent the views of the agency.

Table 2. Distribution of changes 2070: Increase Comp Yrs to 40 versus Scheduled
Characteristic	% of Population With % Change of
Characteristic	-20%+	-10 to -19%	-1 to -9%	No change	+1 to +9%	+10 to +19%	+20%+
Total	0%	4%	78%	17%	0%	0%	0%
Sex
Female	0%	5%	77%	17%	0%	0%	0%
Male	0%	3%	78%	18%	0%	0%	0%
Race/Ethnicity
Hispanic	0%	6%	73%	20%	0%	0%	0%
White	0%	4%	81%	15%	0%	0%	0%
Black	0%	5%	68%	26%	0%	0%	0%
Other	0%	6%	79%	15%	0%	0%	0%
Immigration
Immigrant	1%	7%	76%	16%	0%	0%	0%
Native Born	0%	4%	78%	18%	0%	0%	0%
Age
60–69	1%	6%	67%	25%	0%	0%	0%
70–79	0%	5%	80%	15%	0%	0%	0%
80–89	0%	3%	84%	12%	0%	0%	0%
90+	0%	2%	87%	11%	0%	0%	0%
Marital Status
Never Married	1%	7%	74%	19%	0%	0%	0%
Married	1%	4%	81%	14%	0%	0%	0%
Divorced	0%	5%	72%	23%	0%	0%	0%
Widowed	0%	3%	77%	20%	0%	0%	0%
Education
Graduate	1%	3%	84%	12%	0%	0%	0%
Bachelor	1%	3%	85%	12%	0%	0%	0%
Associate	0%	4%	78%	18%	0%	0%	0%
High School	0%	5%	73%	21%	0%	0%	0%
Less than 12 Yrs	1%	10%	68%	21%	0%	0%	0%
Indiv. Income Quintile
$141,869+	1%	2%	87%	10%	0%	0%	0%
$76,273 - $141,869	1%	2%	84%	13%	0%	0%	0%
$47,225 - $76,273	0%	2%	80%	17%	0%	0%	0%
$28,018 - $47,225	0%	3%	75%	23%	0%	0%	0%
$0-$28,018	0%	13%	63%	24%	0%	0%	0%
Hhld. Income Quintile
$234,849+	1%	2%	86%	11%	0%	0%	0%
$125,659 - $234,849	1%	2%	85%	12%	0%	0%	0%
$74,813 - $125,659	0%	3%	81%	16%	0%	0%	0%
$41,558 - $74,813	0%	3%	76%	21%	0%	0%	0%
$0-$41,558	0%	12%	61%	27%	0%	0%	0%
Shared Earn. Quintile
$129,152+	0%	2%	89%	9%	0%	0%	0%
$89,585 - $129,152	1%	2%	87%	10%	0%	0%	0%
$63,685 - $89,585	1%	1%	82%	16%	0%	0%	0%
$39,226 - $63,685	0%	1%	77%	21%	0%	0%	0%
$0-$39,226	0%	17%	52%	30%	0%	0%	0%
Benefit Type
Retired Worker	1%	6%	92%	1%	0%	0%	0%
Spousal & Worker	0%	1%	88%	10%	1%	0%	0%
Spousal Only	2%	12%	78%	8%	0%	0%	0%
Survivor & Worker	0%	1%	71%	28%	0%	0%	0%
Survivor Only	1%	8%	61%	30%	0%	0%	0%
Retired Disabled	0%	0%	14%	86%	0%	0%	0%
Disabled Worker	0%	0%	4%	96%	0%	0%	0%
Claiming Age
62 or younger	0%	5%	68%	27%	0%	0%	0%
63–66	1%	4%	88%	8%	0%	0%	0%
67 or older	0%	8%	84%	7%	0%	0%	0%
Quarters of Coverage
201+	1%	1%	94%	5%	0%	0%	0%
161–200	0%	0%	88%	11%	0%	0%	0%
81–160	0%	4%	72%	23%	0%	0%	0%
0–80	0%	22%	46%	32%	0%	0%	0%
Own AIME Quintile
$11,030+	0%	0%	90%	9%	0%	0%	0%
$7,326 - $11,030	1%	1%	86%	13%	0%	0%	0%
$5,076 - $7,326	0%	1%	79%	19%	0%	0%	0%
$2,910 - $5,076	0%	1%	76%	23%	0%	0%	0%
$0-$2,910	0%	20%	58%	22%	0%	0%	0%
Paying AIME Quintile
$12,519+	0%	0%	89%	10%	0%	0%	0%
$8,545 - $12,519	0%	1%	86%	13%	0%	0%	0%
$6,145 - $8,545	0%	1%	81%	18%	0%	0%	0%
$3,923 - $6,145	0%	1%	77%	21%	0%	0%	0%
$0-$3,923	0%	20%	56%	24%	0%	0%	0%
Hhld. Benefit Quintile
$4,389+	0%	0%	88%	12%	0%	0%	0%
$3,216 - $4,389	0%	1%	83%	15%	0%	0%	0%
$2,435 - $3,216	0%	1%	81%	17%	0%	0%	0%
$1,690 - $2,435	0%	2%	76%	21%	0%	0%	0%
$0-$1,690	2%	17%	60%	21%	0%	0%	0%
Adj. Gross Income
$181,671+	1%	2%	86%	11%	0%	0%	0%
$123,969 - $181,671	1%	2%	86%	12%	0%	0%	0%
$82,014 - $123,969	1%	3%	83%	13%	0%	0%	0%
$1 - $82,014	0%	7%	75%	17%	0%	0%	0%
$0.00	0%	6%	68%	25%	0%	0%	0%
Population: current law beneficiaries aged 60 and older Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 03/09/2012
Note: This proposal is based on specifications received from outside the Social Security Administration, unless noted otherwise. It does not represent the views of the agency.

Table 6. Distribution of changes 2070: Increase Comp Yrs to 40 versus Payable
Characteristic	% of Population With % Change of
Characteristic	-20%+	-10 to -19%	-1 to -9%	No change	+1 to +9%	+10 to +19%	+20%+
Total	0%	0%	0%	0%	0%	12%	87%
Sex
Female	0%	0%	0%	0%	0%	14%	85%
Male	0%	0%	0%	0%	0%	10%	89%
Race/Ethnicity
Hispanic	0%	0%	0%	0%	0%	15%	85%
White	0%	0%	0%	0%	0%	11%	89%
Black	0%	0%	0%	0%	0%	11%	88%
Other	0%	0%	0%	0%	0%	19%	80%
Immigration
Immigrant	0%	0%	0%	0%	0%	21%	78%
Native Born	0%	0%	0%	0%	0%	10%	90%
Age
60–69	0%	0%	0%	0%	1%	14%	84%
70–79	0%	0%	0%	0%	0%	13%	87%
80–89	0%	0%	0%	0%	0%	11%	89%
90+	0%	0%	0%	0%	0%	10%	90%
Marital Status
Never Married	0%	0%	0%	0%	0%	14%	85%
Married	0%	0%	0%	0%	0%	13%	86%
Divorced	0%	0%	0%	0%	0%	12%	88%
Widowed	0%	0%	0%	0%	0%	11%	89%
Education
Graduate	0%	0%	0%	0%	0%	16%	83%
Bachelor	0%	0%	0%	0%	0%	13%	87%
Associate	0%	0%	0%	0%	0%	10%	90%
High School	0%	0%	0%	0%	0%	11%	89%
Less than 12 Yrs	0%	0%	0%	0%	0%	19%	80%
Indiv. Income Quintile
$141,869+	0%	0%	0%	0%	0%	8%	91%
$76,273 - $141,869	0%	0%	0%	0%	1%	10%	89%
$47,225 - $76,273	0%	0%	0%	0%	0%	13%	87%
$28,018 - $47,225	0%	0%	0%	0%	0%	13%	87%
$0-$28,018	0%	0%	0%	0%	0%	18%	82%
Hhld. Income Quintile
$234,849+	0%	0%	0%	0%	0%	10%	89%
$125,659 - $234,849	0%	0%	0%	0%	0%	11%	88%
$74,813 - $125,659	0%	0%	0%	0%	0%	12%	88%
$41,558 - $74,813	0%	0%	0%	0%	0%	13%	87%
$0-$41,558	0%	0%	0%	0%	0%	17%	83%
Shared Earn. Quintile
$129,152+	0%	0%	0%	0%	0%	6%	94%
$89,585 - $129,152	0%	0%	0%	0%	0%	12%	87%
$63,685 - $89,585	0%	0%	0%	0%	0%	13%	86%
$39,226 - $63,685	0%	0%	0%	0%	0%	11%	89%
$0-$39,226	0%	0%	0%	0%	0%	21%	79%
Benefit Type
Retired Worker	0%	0%	0%	0%	0%	16%	84%
Spousal & Worker	0%	0%	0%	0%	0%	9%	90%
Spousal Only	1%	1%	0%	0%	0%	25%	73%
Survivor & Worker	0%	0%	0%	0%	0%	7%	92%
Survivor Only	1%	0%	0%	0%	0%	18%	80%
Retired Disabled	0%	0%	0%	0%	0%	1%	99%
Disabled Worker	0%	0%	0%	0%	0%	0%	100%
Claiming Age
62 or younger	0%	0%	0%	0%	0%	14%	86%
63–66	0%	0%	0%	0%	0%	10%	89%
67 or older	0%	0%	0%	0%	0%	17%	82%
Quarters of Coverage
201+	0%	0%	0%	0%	0%	1%	98%
161–200	0%	0%	0%	0%	0%	3%	97%
81–160	0%	0%	0%	0%	0%	21%	79%
0–80	0%	0%	0%	0%	0%	30%	70%
Own AIME Quintile
$11,030+	0%	0%	0%	0%	0%	0%	99%
$7,326 - $11,030	0%	0%	0%	0%	0%	18%	81%
$5,076 - $7,326	0%	0%	0%	0%	0%	16%	83%
$2,910 - $5,076	0%	0%	0%	0%	0%	3%	97%
$0-$2,910	0%	0%	0%	0%	0%	25%	74%
Paying AIME Quintile
$12,519+	0%	0%	0%	0%	0%	0%	99%
$8,545 - $12,519	0%	0%	0%	0%	0%	13%	87%
$6,145 - $8,545	0%	0%	0%	0%	0%	19%	80%
$3,923 - $6,145	0%	0%	0%	0%	0%	9%	90%
$0-$3,923	0%	0%	0%	0%	0%	22%	78%
Hhld. Benefit Quintile
$4,389+	0%	0%	0%	0%	0%	8%	92%
$3,216 - $4,389	0%	0%	0%	0%	0%	9%	90%
$2,435 - $3,216	0%	0%	0%	0%	0%	9%	91%
$1,690 - $2,435	0%	0%	0%	0%	0%	14%	85%
$0-$1,690	0%	0%	0%	0%	0%	21%	77%
Adj. Gross Income
$181,671+	0%	0%	0%	0%	1%	9%	90%
$123,969 - $181,671	0%	0%	0%	0%	0%	10%	89%
$82,014 - $123,969	0%	0%	0%	0%	0%	12%	87%
$1 - $82,014	0%	0%	0%	0%	0%	16%	84%
$0.00	0%	0%	0%	0%	0%	14%	86%
Population: current law beneficiaries aged 60 and older Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 03/09/2012
Note: This proposal is based on specifications received from outside the Social Security Administration, unless noted otherwise. It does not represent the views of the agency.

Table 3. Poverty 2070: Increase Comp Yrs to 40 versus Scheduled
Characteristic	Poverty Rate			# of Poor Change
Characteristic	Scheduled	Option	Diff	# of Poor Change
Total	1.2%	1.4%	0.2%	220,091
Sex
Female	1.6%	1.9%	0.3%	170,560
Male	0.7%	0.8%	0.1%	49,530
Race/Ethnicity
Hispanic	1.7%	2.0%	0.3%	58,958
White	0.8%	0.9%	0.1%	79,033
Black	2.2%	2.7%	0.5%	53,200
Other	1.2%	1.5%	0.3%	28,897
Immigration
Immigrant	1.5%	1.9%	0.3%	70,503
Native Born	1.1%	1.3%	0.2%	149,587
Age
60–69	1.5%	1.8%	0.3%	76,819
70–79	1.1%	1.4%	0.3%	92,263
80–89	0.9%	1.1%	0.2%	45,881
90+	0.7%	0.7%	0.1%	5,126
Marital Status
Never Married	3.4%	4.0%	0.6%	82,719
Married	0.4%	0.5%	0.1%	41,298
Divorced	1.5%	1.9%	0.4%	73,648
Widowed	1.2%	1.4%	0.2%	22,423
Education
Graduate	0.2%	0.4%	0.1%	15,628
Bachelor	0.4%	0.5%	0.2%	35,198
Associate	0.6%	0.8%	0.2%	34,300
High School	1.7%	2.0%	0.3%	81,454
Less than 12 Yrs	3.6%	4.2%	0.6%	53,508
Indiv. Income Quintile
$141,869+	0.0%	0.0%	0.0%	0
$76,273 - $141,869	0.0%	0.0%	0.0%	0
$47,225 - $76,273	0.0%	0.0%	0.0%	0
$28,018 - $47,225	0.0%	0.0%	0.0%	0
$0-$28,018	5.9%	7.1%	1.2%	220,091
Hhld. Income Quintile
$234,849+	0.0%	0.0%	0.0%	0
$125,659 - $234,849	0.0%	0.0%	0.0%	0
$74,813 - $125,659	0.0%	0.0%	0.0%	0
$41,558 - $74,813	0.0%	0.0%	0.0%	0
$0-$41,558	5.9%	7.1%	1.2%	220,091
Shared Earn. Quintile
$129,152+	0.0%	0.0%	0.0%	0
$89,585 - $129,152	0.0%	0.0%	0.0%	0
$63,685 - $89,585	0.0%	0.0%	0.0%	0
$39,226 - $63,685	0.1%	0.1%	0.0%	6,176
$0-$39,226	5.8%	6.9%	1.1%	213,914
Benefit Type
Retired Worker	1.1%	1.4%	0.3%	205,296
Spousal & Worker	0.1%	0.2%	0.1%	4,147
Spousal Only	2.4%	2.7%	0.3%	3,665
Survivor & Worker	0.3%	0.3%	0.0%	4,573
Survivor Only	5.0%	5.3%	0.3%	2,408
Retired Disabled	2.0%	2.0%	0.0%	0
Disabled Worker	2.3%	2.3%	0.0%	0
Claiming Age
62 or younger	1.8%	2.0%	0.2%	111,956
63–66	0.5%	0.7%	0.2%	86,251
67 or older	0.8%	1.1%	0.4%	21,883
Quarters of Coverage
201+	0.0%	0.0%	0.0%	0
161–200	0.0%	0.0%	0.0%	0
81–160	0.7%	0.9%	0.3%	101,706
0–80	7.8%	8.8%	1.1%	118,384
Own AIME Quintile
$11,030+	0.0%	0.0%	0.0%	0
$7,326 - $11,030	0.0%	0.0%	0.0%	0
$5,076 - $7,326	0.0%	0.0%	0.0%	0
$2,910 - $5,076	0.0%	0.0%	0.0%	469
$0-$2,910	5.8%	7.0%	1.2%	219,621
Paying AIME Quintile
$12,519+	0.0%	0.0%	0.0%	0
$8,545 - $12,519	0.0%	0.0%	0.0%	0
$6,145 - $8,545	0.0%	0.0%	0.0%	2,774
$3,923 - $6,145	0.0%	0.0%	0.0%	0
$0-$3,923	5.8%	7.0%	1.1%	217,317
Hhld. Benefit Quintile
$4,389+	0.0%	0.0%	0.0%	0
$3,216 - $4,389	0.0%	0.0%	0.0%	0
$2,435 - $3,216	0.0%	0.0%	0.0%	0
$1,690 - $2,435	0.0%	0.0%	0.0%	0
$0-$1,690	5.9%	7.0%	1.2%	220,091
Adj. Gross Income
$181,671+	0.0%	0.0%	0.0%	0
$123,969 - $181,671	0.0%	0.0%	0.0%	0
$82,014 - $123,969	0.0%	0.0%	0.0%	0
$1 - $82,014	1.0%	1.2%	0.2%	35,088
$0.00	3.0%	3.6%	0.6%	185,002
Population: current law beneficiaries aged 60 and older Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 03/09/2012
Note: This proposal is based on specifications received from outside the Social Security Administration, unless noted otherwise. It does not represent the views of the agency.

Table 7. Poverty 2070: Increase Comp Yrs to 40 versus Payable
Characteristic	Poverty Rate			# of Poor Change
Characteristic	Payable	Option	Diff	# of Poor Change
Total	2.3%	1.4%	-0.9%	-844,508
Sex
Female	3.0%	1.9%	-1.1%	-545,143
Male	1.5%	0.8%	-0.7%	-299,365
Race/Ethnicity
Hispanic	3.3%	2.0%	-1.3%	-263,449
White	1.5%	0.9%	-0.6%	-334,117
Black	4.6%	2.7%	-1.8%	-181,906
Other	2.1%	1.5%	-0.6%	-65,034
Immigration
Immigrant	3.0%	1.9%	-1.1%	-243,826
Native Born	2.1%	1.3%	-0.8%	-600,682
Age
60–69	2.9%	1.8%	-1.1%	-308,123
70–79	2.3%	1.4%	-0.9%	-315,846
80–89	1.9%	1.1%	-0.8%	-180,552
90+	1.4%	0.7%	-0.6%	-39,986
Marital Status
Never Married	6.2%	4.0%	-2.2%	-300,409
Married	0.8%	0.5%	-0.3%	-169,321
Divorced	3.3%	1.9%	-1.4%	-265,090
Widowed	2.2%	1.4%	-0.8%	-109,686
Education
Graduate	0.7%	0.4%	-0.4%	-38,005
Bachelor	0.7%	0.5%	-0.2%	-35,829
Associate	1.7%	0.8%	-0.9%	-198,231
High School	3.3%	2.0%	-1.3%	-403,367
Less than 12 Yrs	6.1%	4.2%	-1.9%	-169,074
Indiv. Income Quintile
$141,869+	0.0%	0.0%	0.0%	0
$76,273 - $141,869	0.0%	0.0%	0.0%	0
$47,225 - $76,273	0.0%	0.0%	0.0%	0
$28,018 - $47,225	0.0%	0.0%	0.0%	0
$0-$28,018	11.6%	7.1%	-4.5%	-844,508
Hhld. Income Quintile
$234,849+	0.0%	0.0%	0.0%	0
$125,659 - $234,849	0.0%	0.0%	0.0%	0
$74,813 - $125,659	0.0%	0.0%	0.0%	0
$41,558 - $74,813	0.0%	0.0%	0.0%	0
$0-$41,558	11.6%	7.1%	-4.5%	-844,508
Shared Earn. Quintile
$129,152+	0.0%	0.0%	0.0%	-2,661
$89,585 - $129,152	0.0%	0.0%	0.0%	0
$63,685 - $89,585	0.0%	0.0%	0.0%	0
$39,226 - $63,685	0.2%	0.1%	-0.1%	-26,239
$0-$39,226	11.2%	6.9%	-4.3%	-815,607
Benefit Type
Retired Worker	2.2%	1.4%	-0.7%	-488,792
Spousal & Worker	0.5%	0.2%	-0.2%	-7,924
Spousal Only	4.0%	2.7%	-1.3%	-16,288
Survivor & Worker	0.8%	0.3%	-0.4%	-43,706
Survivor Only	6.5%	5.3%	-1.2%	-9,513
Retired Disabled	3.7%	2.0%	-1.8%	-154,184
Disabled Worker	4.9%	2.3%	-2.6%	-124,099
Claiming Age
62 or younger	3.5%	2.0%	-1.4%	-664,228
63–66	1.1%	0.7%	-0.4%	-154,048
67 or older	1.6%	1.1%	-0.4%	-26,231
Quarters of Coverage
201+	0.0%	0.0%	0.0%	0
161–200	0.1%	0.0%	-0.1%	-24,867
81–160	2.1%	0.9%	-1.1%	-403,342
0–80	12.5%	8.8%	-3.7%	-416,299
Own AIME Quintile
$11,030+	0.0%	0.0%	0.0%	0
$7,326 - $11,030	0.0%	0.0%	0.0%	0
$5,076 - $7,326	0.0%	0.0%	0.0%	-1,669
$2,910 - $5,076	0.6%	0.0%	-0.6%	-108,805
$0-$2,910	10.9%	7.0%	-3.9%	-734,034
Paying AIME Quintile
$12,519+	0.0%	0.0%	0.0%	0
$8,545 - $12,519	0.0%	0.0%	0.0%	0
$6,145 - $8,545	0.1%	0.0%	0.0%	-7,701
$3,923 - $6,145	0.1%	0.0%	-0.1%	-20,940
$0-$3,923	11.3%	7.0%	-4.3%	-815,866
Hhld. Benefit Quintile
$4,389+	0.0%	0.0%	0.0%	0
$3,216 - $4,389	0.0%	0.0%	0.0%	0
$2,435 - $3,216	0.0%	0.0%	0.0%	0
$1,690 - $2,435	0.0%	0.0%	0.0%	0
$0-$1,690	11.5%	7.0%	-4.5%	-844,508
Adj. Gross Income
$181,671+	0.0%	0.0%	0.0%	0
$123,969 - $181,671	0.0%	0.0%	0.0%	0
$82,014 - $123,969	0.0%	0.0%	0.0%	0
$1 - $82,014	1.7%	1.2%	-0.5%	-79,444
$0.00	6.1%	3.6%	-2.5%	-765,064
Population: current law beneficiaries aged 60 and older Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 03/09/2012
Note: This proposal is based on specifications received from outside the Social Security Administration, unless noted otherwise. It does not represent the views of the agency.

Table 4. Median Monthly Scheduled Benefit, 2070
Characteristic	Wage-Adjusted (2012 $)	Inflation-Adjusted (2012 $)	Nominal (2070 $)
Total	$1,016	$2,062	$9,821
Sex
Female	$920	$1,867	$8,892
Male	$1,131	$2,295	$10,929
Race/Ethnicity
Hispanic	$879	$1,784	$8,495
White	$1,084	$2,200	$10,478
Black	$945	$1,917	$9,129
Other	$1,051	$2,132	$10,156
Immigration
Immigrant	$907	$1,840	$8,765
Native Born	$1,046	$2,122	$10,105
Age
60–69	$966	$1,960	$9,337
70–79	$1,031	$2,093	$9,967
80–89	$1,033	$2,095	$9,979
90+	$1,076	$2,184	$10,401
Marital Status
Never Married	$927	$1,881	$8,961
Married	$991	$2,010	$9,575
Divorced	$1,067	$2,165	$10,312
Widowed	$1,121	$2,276	$10,838
Education
Graduate	$1,297	$2,632	$12,534
Bachelor	$1,231	$2,498	$11,897
Associate	$1,000	$2,030	$9,669
High School	$907	$1,841	$8,768
Less than 12 Yrs	$759	$1,541	$7,339
Indiv. Income Quintile
$141,869+	$1,435	$2,911	$13,865
$76,273 - $141,869	$1,237	$2,510	$11,954
$47,225 - $76,273	$1,090	$2,211	$10,532
$28,018 - $47,225	$942	$1,912	$9,105
$0-$28,018	$625	$1,268	$6,039
Hhld. Income Quintile
$234,849+	$1,354	$2,747	$13,082
$125,659 - $234,849	$1,200	$2,435	$11,599
$74,813 - $125,659	$1,080	$2,192	$10,438
$41,558 - $74,813	$949	$1,926	$9,171
$0-$41,558	$699	$1,419	$6,757
Shared Earn. Quintile
$129,152+	$1,532	$3,109	$14,809
$89,585 - $129,152	$1,265	$2,568	$12,229
$63,685 - $89,585	$1,034	$2,098	$9,993
$39,226 - $63,685	$841	$1,707	$8,130
$0-$39,226	$588	$1,193	$5,682
Benefit Type
Retired Worker	$1,032	$2,095	$9,978
Spousal & Worker	$656	$1,331	$6,341
Spousal Only	$440	$892	$4,251
Survivor & Worker	$1,183	$2,400	$11,429
Survivor Only	$850	$1,725	$8,217
Retired Disabled	$1,010	$2,050	$9,765
Disabled Worker	$1,001	$2,032	$9,678
Claiming Age
62 or younger	$874	$1,773	$8,446
63–66	$1,154	$2,341	$11,148
67 or older	$1,404	$2,849	$13,567
Quarters of Coverage
201+	$1,409	$2,858	$13,612
161–200	$1,167	$2,367	$11,274
81–160	$853	$1,731	$8,247
0–80	$555	$1,126	$5,361
Own AIME Quintile
$11,030+	$1,586	$3,218	$15,327
$7,326 - $11,030	$1,247	$2,531	$12,054
$5,076 - $7,326	$976	$1,979	$9,427
$2,910 - $5,076	$762	$1,545	$7,360
$0-$2,910	$551	$1,117	$5,320
Paying AIME Quintile
$12,519+	$1,590	$3,227	$15,370
$8,545 - $12,519	$1,317	$2,672	$12,728
$6,145 - $8,545	$1,052	$2,135	$10,168
$3,923 - $6,145	$831	$1,685	$8,027
$0-$3,923	$562	$1,141	$5,432
Hhld. Benefit Quintile
$4,389+	$1,390	$2,820	$13,429
$3,216 - $4,389	$1,179	$2,392	$11,392
$2,435 - $3,216	$1,285	$2,606	$12,414
$1,690 - $2,435	$976	$1,981	$9,434
$0-$1,690	$610	$1,237	$5,893
Adj. Gross Income
$181,671+	$1,354	$2,748	$13,087
$123,969 - $181,671	$1,202	$2,440	$11,619
$82,014 - $123,969	$1,112	$2,257	$10,749
$1 - $82,014	$897	$1,819	$8,665
$0.00	$833	$1,690	$8,050
Population: current law beneficiaries aged 60 and older Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 03/09/2012
Note: This proposal is based on specifications received from outside the Social Security Administration, unless noted otherwise. It does not represent the views of the agency.

Table 8. Median Monthly Payable Benefit, 2070
Characteristic	Wage-Adjusted (2012 $)	Inflation-Adjusted (2012 $)	Nominal (2070 $)
Total	$780	$1,584	$7,542
Sex
Female	$707	$1,434	$6,829
Male	$868	$1,762	$8,393
Race/Ethnicity
Hispanic	$675	$1,370	$6,524
White	$833	$1,690	$8,047
Black	$725	$1,472	$7,011
Other	$807	$1,638	$7,800
Immigration
Immigrant	$697	$1,413	$6,732
Native Born	$803	$1,629	$7,761
Age
60–69	$742	$1,506	$7,171
70–79	$792	$1,607	$7,654
80–89	$793	$1,609	$7,664
90+	$827	$1,677	$7,988
Marital Status
Never Married	$712	$1,445	$6,882
Married	$761	$1,544	$7,354
Divorced	$819	$1,663	$7,919
Widowed	$861	$1,748	$8,323
Education
Graduate	$996	$2,021	$9,626
Bachelor	$945	$1,918	$9,137
Associate	$768	$1,559	$7,426
High School	$697	$1,414	$6,734
Less than 12 Yrs	$583	$1,183	$5,636
Indiv. Income Quintile
$141,869+	$1,102	$2,236	$10,649
$76,273 - $141,869	$950	$1,928	$9,181
$47,225 - $76,273	$837	$1,698	$8,089
$28,018 - $47,225	$724	$1,468	$6,993
$0-$28,018	$480	$974	$4,638
Hhld. Income Quintile
$234,849+	$1,040	$2,110	$10,047
$125,659 - $234,849	$922	$1,870	$8,908
$74,813 - $125,659	$830	$1,683	$8,017
$41,558 - $74,813	$729	$1,479	$7,043
$0-$41,558	$537	$1,090	$5,189
Shared Earn. Quintile
$129,152+	$1,177	$2,388	$11,373
$89,585 - $129,152	$972	$1,972	$9,392
$63,685 - $89,585	$794	$1,611	$7,675
$39,226 - $63,685	$646	$1,311	$6,244
$0-$39,226	$452	$916	$4,364
Benefit Type
Retired Worker	$793	$1,609	$7,663
Spousal & Worker	$504	$1,022	$4,870
Spousal Only	$338	$685	$3,264
Survivor & Worker	$908	$1,843	$8,777
Survivor Only	$653	$1,325	$6,311
Retired Disabled	$776	$1,575	$7,499
Disabled Worker	$769	$1,561	$7,432
Claiming Age
62 or younger	$671	$1,362	$6,487
63–66	$886	$1,798	$8,562
67 or older	$1,078	$2,188	$10,420
Quarters of Coverage
201+	$1,082	$2,195	$10,454
161–200	$896	$1,818	$8,659
81–160	$655	$1,330	$6,333
0–80	$426	$865	$4,117
Own AIME Quintile
$11,030+	$1,218	$2,471	$11,771
$7,326 - $11,030	$958	$1,944	$9,258
$5,076 - $7,326	$749	$1,520	$7,240
$2,910 - $5,076	$585	$1,187	$5,653
$0-$2,910	$423	$858	$4,086
Paying AIME Quintile
$12,519+	$1,221	$2,478	$11,804
$8,545 - $12,519	$1,011	$2,052	$9,775
$6,145 - $8,545	$808	$1,640	$7,809
$3,923 - $6,145	$638	$1,294	$6,165
$0-$3,923	$432	$876	$4,172
Hhld. Benefit Quintile
$4,389+	$1,067	$2,165	$10,313
$3,216 - $4,389	$905	$1,837	$8,749
$2,435 - $3,216	$987	$2,002	$9,534
$1,690 - $2,435	$750	$1,521	$7,245
$0-$1,690	$468	$950	$4,526
Adj. Gross Income
$181,671+	$1,040	$2,110	$10,051
$123,969 - $181,671	$923	$1,874	$8,924
$82,014 - $123,969	$854	$1,733	$8,255
$1 - $82,014	$689	$1,397	$6,654
$0.00	$640	$1,298	$6,183
Population: current law beneficiaries aged 60 and older Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 03/09/2012
Note: This proposal is based on specifications received from outside the Social Security Administration, unless noted otherwise. It does not represent the views of the agency.