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

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: Price Indexing versus Scheduled
Characteristic	Median Percent Change	Percent With
Characteristic	Median Percent Change	Lower Benefits	Higher Benefits
Total	-37%	100%	0%
Sex
Female	-37%	100%	0%
Male	-37%	100%	0%
Race/Ethnicity
Hispanic	-38%	100%	0%
White	-36%	100%	0%
Black	-37%	100%	0%
Other	-37%	100%	0%
Immigration
Immigrant	-37%	100%	0%
Native Born	-37%	100%	0%
Age
60–69	-43%	100%	0%
70–79	-37%	100%	0%
80–89	-31%	100%	0%
90+	-23%	99%	0%
Marital Status
Never Married	-37%	100%	0%
Married	-39%	100%	0%
Divorced	-37%	100%	0%
Widowed	-29%	99%	0%
Education
Graduate	-36%	100%	0%
Bachelor	-37%	100%	0%
Associate	-37%	100%	0%
High School	-37%	100%	0%
Less than 12 Yrs	-38%	100%	0%
Indiv. Income Quintile
$141,869+	-35%	100%	0%
$76,273 - $141,869	-37%	100%	0%
$47,225 - $76,273	-37%	100%	0%
$28,018 - $47,225	-37%	100%	0%
$0-$28,018	-37%	100%	0%
Hhld. Income Quintile
$234,849+	-37%	100%	0%
$125,659 - $234,849	-38%	100%	0%
$74,813 - $125,659	-37%	100%	0%
$41,558 - $74,813	-37%	100%	0%
$0-$41,558	-36%	99%	0%
Shared Earn. Quintile
$129,152+	-37%	100%	0%
$89,585 - $129,152	-37%	100%	0%
$63,685 - $89,585	-37%	100%	0%
$39,226 - $63,685	-37%	100%	0%
$0-$39,226	-37%	100%	0%
Benefit Type
Retired Worker	-38%	100%	0%
Spousal & Worker	-38%	100%	0%
Spousal Only	-37%	99%	1%
Survivor & Worker	-30%	99%	0%
Survivor Only	-30%	97%	0%
Retired Disabled	-34%	99%	0%
Disabled Worker	-42%	100%	0%
Claiming Age
62 or younger	-37%	100%	0%
63–66	-37%	100%	0%
67 or older	-35%	100%	0%
Quarters of Coverage
201+	-36%	100%	0%
161–200	-37%	100%	0%
81–160	-37%	100%	0%
0–80	-35%	98%	0%
Own AIME Quintile
$11,030+	-37%	100%	0%
$7,326 - $11,030	-37%	100%	0%
$5,076 - $7,326	-37%	100%	0%
$2,910 - $5,076	-37%	100%	0%
$0-$2,910	-37%	99%	0%
Paying AIME Quintile
$12,519+	-36%	100%	0%
$8,545 - $12,519	-37%	100%	0%
$6,145 - $8,545	-37%	100%	0%
$3,923 - $6,145	-37%	100%	0%
$0-$3,923	-38%	99%	0%
Hhld. Benefit Quintile
$4,389+	-38%	100%	0%
$3,216 - $4,389	-37%	100%	0%
$2,435 - $3,216	-36%	100%	0%
$1,690 - $2,435	-36%	100%	0%
$0-$1,690	-36%	99%	0%
Adj. Gross Income
$181,671+	-38%	100%	0%
$123,969 - $181,671	-38%	100%	0%
$82,014 - $123,969	-37%	100%	0%
$1 - $82,014	-37%	100%	0%
$0.00	-36%	100%	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: Price Indexing versus Payable
Characteristic	Median Percent Change	Percent With
Characteristic	Median Percent Change	Lower Benefits	Higher Benefits
Total	-18%	93%	5%
Sex
Female	-18%	91%	7%
Male	-19%	95%	4%
Race/Ethnicity
Hispanic	-20%	95%	4%
White	-17%	92%	6%
Black	-18%	92%	6%
Other	-19%	94%	4%
Immigration
Immigrant	-19%	94%	4%
Native Born	-18%	92%	6%
Age
60–69	-26%	97%	2%
70–79	-19%	98%	2%
80–89	-10%	94%	5%
90+	0%	42%	41%
Marital Status
Never Married	-19%	93%	6%
Married	-20%	97%	2%
Divorced	-18%	93%	5%
Widowed	-8%	77%	18%
Education
Graduate	-17%	92%	6%
Bachelor	-18%	92%	6%
Associate	-18%	93%	5%
High School	-18%	93%	5%
Less than 12 Yrs	-20%	95%	3%
Indiv. Income Quintile
$141,869+	-16%	91%	7%
$76,273 - $141,869	-19%	93%	5%
$47,225 - $76,273	-19%	94%	4%
$28,018 - $47,225	-19%	94%	4%
$0-$28,018	-18%	92%	7%
Hhld. Income Quintile
$234,849+	-18%	93%	5%
$125,659 - $234,849	-20%	95%	4%
$74,813 - $125,659	-19%	94%	4%
$41,558 - $74,813	-18%	93%	5%
$0-$41,558	-17%	90%	8%
Shared Earn. Quintile
$129,152+	-18%	93%	5%
$89,585 - $129,152	-18%	94%	5%
$63,685 - $89,585	-19%	94%	4%
$39,226 - $63,685	-19%	94%	4%
$0-$39,226	-18%	89%	8%
Benefit Type
Retired Worker	-20%	97%	2%
Spousal & Worker	-19%	98%	2%
Spousal Only	-19%	96%	2%
Survivor & Worker	-9%	76%	18%
Survivor Only	-9%	76%	19%
Retired Disabled	-14%	84%	14%
Disabled Worker	-25%	92%	6%
Claiming Age
62 or younger	-19%	92%	7%
63–66	-18%	94%	4%
67 or older	-16%	93%	5%
Quarters of Coverage
201+	-17%	95%	4%
161–200	-19%	95%	3%
81–160	-19%	94%	5%
0–80	-15%	81%	16%
Own AIME Quintile
$11,030+	-18%	95%	3%
$7,326 - $11,030	-18%	95%	4%
$5,076 - $7,326	-18%	93%	5%
$2,910 - $5,076	-19%	92%	6%
$0-$2,910	-18%	90%	8%
Paying AIME Quintile
$12,519+	-17%	92%	6%
$8,545 - $12,519	-18%	93%	5%
$6,145 - $8,545	-18%	94%	4%
$3,923 - $6,145	-19%	94%	4%
$0-$3,923	-20%	91%	7%
Hhld. Benefit Quintile
$4,389+	-20%	99%	1%
$3,216 - $4,389	-19%	97%	2%
$2,435 - $3,216	-17%	92%	6%
$1,690 - $2,435	-17%	90%	7%
$0-$1,690	-17%	87%	11%
Adj. Gross Income
$181,671+	-19%	96%	3%
$123,969 - $181,671	-19%	95%	3%
$82,014 - $123,969	-18%	94%	4%
$1 - $82,014	-18%	92%	6%
$0.00	-17%	90%	8%
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: Price Indexing 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	96%	3%	0%	0%	0%	0%	0%
Sex
Female	95%	4%	1%	0%	0%	0%	0%
Male	97%	2%	0%	0%	0%	0%	0%
Race/Ethnicity
Hispanic	98%	2%	0%	0%	0%	0%	0%
White	96%	4%	1%	0%	0%	0%	0%
Black	95%	3%	1%	0%	0%	0%	0%
Other	97%	3%	0%	0%	0%	0%	0%
Immigration
Immigrant	97%	2%	0%	0%	0%	0%	0%
Native Born	96%	3%	1%	0%	0%	0%	0%
Age
60–69	98%	1%	0%	0%	0%	0%	0%
70–79	98%	1%	0%	0%	0%	0%	0%
80–89	97%	2%	1%	0%	0%	0%	0%
90+	72%	25%	2%	1%	0%	0%	0%
Marital Status
Never Married	96%	3%	1%	0%	0%	0%	0%
Married	99%	1%	0%	0%	0%	0%	0%
Divorced	96%	3%	0%	0%	0%	0%	0%
Widowed	88%	10%	1%	1%	0%	0%	0%
Education
Graduate	95%	4%	0%	0%	0%	0%	0%
Bachelor	96%	4%	0%	0%	0%	0%	0%
Associate	96%	3%	1%	0%	0%	0%	0%
High School	96%	3%	1%	0%	0%	0%	0%
Less than 12 Yrs	98%	2%	0%	0%	0%	0%	0%
Indiv. Income Quintile
$141,869+	95%	4%	0%	0%	0%	0%	0%
$76,273 - $141,869	96%	3%	0%	0%	0%	0%	0%
$47,225 - $76,273	97%	2%	0%	0%	0%	0%	0%
$28,018 - $47,225	97%	2%	0%	0%	0%	0%	0%
$0-$28,018	95%	4%	1%	0%	0%	0%	0%
Hhld. Income Quintile
$234,849+	96%	3%	0%	0%	0%	0%	0%
$125,659 - $234,849	97%	2%	0%	0%	0%	0%	0%
$74,813 - $125,659	97%	3%	0%	0%	0%	0%	0%
$41,558 - $74,813	96%	3%	0%	0%	0%	0%	0%
$0-$41,558	94%	5%	1%	0%	0%	0%	0%
Shared Earn. Quintile
$129,152+	96%	3%	0%	0%	0%	0%	0%
$89,585 - $129,152	97%	3%	0%	0%	0%	0%	0%
$63,685 - $89,585	97%	2%	0%	0%	0%	0%	0%
$39,226 - $63,685	97%	2%	0%	0%	0%	0%	0%
$0-$39,226	94%	5%	1%	0%	0%	0%	0%
Benefit Type
Retired Worker	99%	1%	0%	0%	0%	0%	0%
Spousal & Worker	99%	1%	0%	0%	0%	0%	0%
Spousal Only	98%	1%	0%	0%	0%	0%	0%
Survivor & Worker	87%	11%	1%	1%	0%	0%	0%
Survivor Only	87%	10%	1%	3%	0%	0%	0%
Retired Disabled	89%	8%	2%	1%	0%	0%	0%
Disabled Worker	96%	4%	0%	0%	0%	0%	0%
Claiming Age
62 or younger	95%	4%	1%	0%	0%	0%	0%
63–66	97%	2%	0%	0%	0%	0%	0%
67 or older	97%	2%	0%	0%	0%	0%	0%
Quarters of Coverage
201+	98%	2%	0%	0%	0%	0%	0%
161–200	98%	2%	0%	0%	0%	0%	0%
81–160	97%	3%	0%	0%	0%	0%	0%
0–80	87%	9%	2%	2%	0%	0%	0%
Own AIME Quintile
$11,030+	98%	2%	0%	0%	0%	0%	0%
$7,326 - $11,030	97%	2%	0%	0%	0%	0%	0%
$5,076 - $7,326	97%	3%	0%	0%	0%	0%	0%
$2,910 - $5,076	95%	4%	1%	0%	0%	0%	0%
$0-$2,910	94%	4%	1%	1%	0%	0%	0%
Paying AIME Quintile
$12,519+	96%	4%	0%	0%	0%	0%	0%
$8,545 - $12,519	97%	3%	0%	0%	0%	0%	0%
$6,145 - $8,545	97%	2%	0%	0%	0%	0%	0%
$3,923 - $6,145	97%	2%	0%	0%	0%	0%	0%
$0-$3,923	94%	4%	1%	1%	0%	0%	0%
Hhld. Benefit Quintile
$4,389+	100%	0%	0%	0%	0%	0%	0%
$3,216 - $4,389	99%	1%	0%	0%	0%	0%	0%
$2,435 - $3,216	96%	4%	0%	0%	0%	0%	0%
$1,690 - $2,435	95%	5%	0%	0%	0%	0%	0%
$0-$1,690	92%	6%	1%	1%	0%	0%	0%
Adj. Gross Income
$181,671+	98%	2%	0%	0%	0%	0%	0%
$123,969 - $181,671	98%	2%	0%	0%	0%	0%	0%
$82,014 - $123,969	97%	3%	0%	0%	0%	0%	0%
$1 - $82,014	95%	4%	0%	0%	0%	0%	0%
$0.00	95%	4%	1%	0%	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: Price Indexing 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	45%	33%	15%	2%	4%	1%	1%
Sex
Female	43%	32%	16%	2%	5%	2%	1%
Male	48%	34%	13%	1%	2%	1%	0%
Race/Ethnicity
Hispanic	52%	31%	12%	2%	3%	1%	0%
White	42%	34%	16%	2%	4%	1%	1%
Black	46%	33%	14%	2%	4%	2%	1%
Other	47%	33%	14%	2%	3%	1%	0%
Immigration
Immigrant	48%	33%	14%	2%	3%	1%	0%
Native Born	45%	33%	15%	2%	4%	1%	1%
Age
60–69	90%	5%	2%	0%	1%	1%	0%
70–79	45%	50%	3%	0%	1%	1%	0%
80–89	1%	51%	42%	2%	3%	1%	1%
90+	0%	1%	40%	17%	31%	8%	2%
Marital Status
Never Married	48%	32%	14%	1%	4%	2%	1%
Married	54%	33%	10%	1%	1%	0%	0%
Divorced	45%	34%	15%	2%	3%	1%	1%
Widowed	12%	32%	32%	6%	13%	4%	1%
Education
Graduate	42%	34%	16%	2%	4%	1%	1%
Bachelor	44%	33%	16%	2%	4%	1%	0%
Associate	46%	33%	14%	2%	3%	1%	1%
High School	46%	33%	15%	2%	3%	1%	1%
Less than 12 Yrs	52%	32%	11%	1%	2%	1%	0%
Indiv. Income Quintile
$141,869+	38%	33%	20%	3%	5%	1%	0%
$76,273 - $141,869	49%	31%	14%	2%	3%	1%	0%
$47,225 - $76,273	49%	33%	13%	2%	3%	1%	1%
$28,018 - $47,225	47%	34%	13%	2%	3%	1%	0%
$0-$28,018	45%	33%	13%	2%	4%	2%	1%
Hhld. Income Quintile
$234,849+	44%	32%	16%	2%	4%	1%	0%
$125,659 - $234,849	50%	31%	13%	2%	3%	1%	0%
$74,813 - $125,659	47%	33%	14%	2%	3%	1%	0%
$41,558 - $74,813	45%	34%	14%	2%	3%	1%	1%
$0-$41,558	40%	34%	16%	2%	5%	2%	1%
Shared Earn. Quintile
$129,152+	43%	34%	16%	2%	4%	1%	0%
$89,585 - $129,152	45%	34%	15%	2%	3%	1%	0%
$63,685 - $89,585	46%	33%	15%	2%	3%	1%	0%
$39,226 - $63,685	47%	33%	14%	2%	3%	1%	0%
$0-$39,226	45%	31%	13%	2%	5%	2%	1%
Benefit Type
Retired Worker	50%	34%	12%	1%	2%	0%	0%
Spousal & Worker	47%	39%	12%	0%	1%	0%	0%
Spousal Only	49%	37%	10%	1%	1%	0%	1%
Survivor & Worker	19%	30%	27%	5%	13%	4%	1%
Survivor Only	17%	30%	28%	6%	12%	3%	3%
Retired Disabled	28%	37%	19%	2%	7%	4%	2%
Disabled Worker	67%	15%	10%	2%	5%	1%	0%
Claiming Age
62 or younger	47%	31%	14%	2%	4%	2%	1%
63–66	45%	34%	15%	2%	3%	1%	0%
67 or older	32%	43%	19%	2%	3%	1%	1%
Quarters of Coverage
201+	41%	37%	17%	2%	3%	0%	0%
161–200	48%	34%	14%	1%	3%	1%	0%
81–160	48%	32%	14%	2%	3%	1%	0%
0–80	36%	28%	16%	3%	9%	5%	3%
Own AIME Quintile
$11,030+	43%	35%	16%	2%	3%	0%	0%
$7,326 - $11,030	45%	34%	15%	2%	3%	1%	0%
$5,076 - $7,326	45%	34%	14%	2%	4%	1%	0%
$2,910 - $5,076	47%	31%	14%	2%	4%	2%	1%
$0-$2,910	45%	31%	13%	2%	4%	2%	2%
Paying AIME Quintile
$12,519+	40%	34%	18%	2%	5%	1%	0%
$8,545 - $12,519	42%	34%	17%	2%	4%	1%	0%
$6,145 - $8,545	44%	35%	15%	2%	3%	1%	0%
$3,923 - $6,145	49%	33%	13%	2%	3%	1%	0%
$0-$3,923	51%	29%	11%	1%	4%	2%	2%
Hhld. Benefit Quintile
$4,389+	51%	38%	10%	1%	1%	0%	0%
$3,216 - $4,389	48%	36%	13%	1%	2%	0%	0%
$2,435 - $3,216	42%	33%	17%	2%	5%	1%	0%
$1,690 - $2,435	42%	31%	18%	3%	5%	1%	0%
$0-$1,690	44%	28%	15%	3%	6%	3%	2%
Adj. Gross Income
$181,671+	50%	33%	12%	1%	2%	0%	0%
$123,969 - $181,671	50%	33%	13%	1%	3%	1%	0%
$82,014 - $123,969	45%	34%	15%	2%	3%	1%	0%
$1 - $82,014	45%	30%	16%	2%	4%	1%	1%
$0.00	41%	34%	16%	2%	5%	2%	1%
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: Price Indexing versus Scheduled
Characteristic	Poverty Rate			# of Poor Change
Characteristic	Scheduled	Option	Diff	# of Poor Change
Total	1.2%	3.2%	2.0%	1,909,441
Sex
Female	1.6%	3.9%	2.3%	1,192,348
Male	0.7%	2.3%	1.6%	717,093
Race/Ethnicity
Hispanic	1.7%	4.8%	3.1%	635,070
White	0.8%	2.0%	1.3%	689,007
Black	2.2%	6.3%	4.1%	413,809
Other	1.2%	2.9%	1.7%	171,554
Immigration
Immigrant	1.5%	4.4%	2.8%	613,864
Native Born	1.1%	2.8%	1.8%	1,295,577
Age
60–69	1.5%	4.3%	2.8%	810,282
70–79	1.1%	3.2%	2.0%	745,633
80–89	0.9%	2.3%	1.4%	310,179
90+	0.7%	1.3%	0.7%	43,345
Marital Status
Never Married	3.4%	8.7%	5.3%	715,957
Married	0.4%	1.2%	0.8%	385,411
Divorced	1.5%	4.6%	3.1%	580,653
Widowed	1.2%	2.9%	1.6%	227,419
Education
Graduate	0.2%	1.0%	0.8%	82,097
Bachelor	0.4%	1.1%	0.7%	149,731
Associate	0.6%	2.4%	1.8%	391,947
High School	1.7%	4.3%	2.6%	806,548
Less than 12 Yrs	3.6%	8.9%	5.3%	479,116
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%	16.1%	10.2%	1,909,441
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%	16.1%	10.2%	1,909,441
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%	3,505
$39,226 - $63,685	0.1%	1.0%	0.9%	172,425
$0-$39,226	5.8%	15.0%	9.2%	1,730,849
Benefit Type
Retired Worker	1.1%	3.3%	2.2%	1,407,706
Spousal & Worker	0.1%	0.7%	0.6%	21,172
Spousal Only	2.4%	4.8%	2.4%	29,635
Survivor & Worker	0.3%	1.0%	0.7%	74,517
Survivor Only	5.0%	8.0%	3.0%	23,139
Retired Disabled	2.0%	3.9%	2.0%	171,883
Disabled Worker	2.3%	6.1%	3.7%	181,386
Claiming Age
62 or younger	1.8%	4.7%	2.9%	1,354,990
63–66	0.5%	1.7%	1.1%	480,542
67 or older	0.8%	2.0%	1.2%	73,908
Quarters of Coverage
201+	0.0%	0.0%	0.0%	7,011
161–200	0.0%	0.3%	0.3%	98,297
81–160	0.7%	3.7%	3.0%	1,081,667
0–80	7.8%	14.2%	6.4%	722,464
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%	6,852
$2,910 - $5,076	0.0%	2.1%	2.1%	388,838
$0-$2,910	5.8%	13.8%	8.0%	1,513,750
Paying AIME Quintile
$12,519+	0.0%	0.0%	0.0%	0
$8,545 - $12,519	0.0%	0.0%	0.0%	4,468
$6,145 - $8,545	0.0%	0.1%	0.1%	11,333
$3,923 - $6,145	0.0%	0.6%	0.6%	109,802
$0-$3,923	5.8%	15.3%	9.4%	1,783,837
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%	0.2%	0.2%	44,429
$0-$1,690	5.9%	15.7%	9.9%	1,865,012
Adj. Gross Income
$181,671+	0.0%	0.0%	0.0%	1,749
$123,969 - $181,671	0.0%	0.1%	0.0%	6,376
$82,014 - $123,969	0.0%	0.1%	0.0%	4,707
$1 - $82,014	1.0%	2.0%	1.1%	169,881
$0.00	3.0%	8.6%	5.5%	1,726,726
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: Price Indexing versus Payable
Characteristic	Poverty Rate			# of Poor Change
Characteristic	Payable	Option	Diff	# of Poor Change
Total	2.3%	3.2%	0.9%	844,842
Sex
Female	3.0%	3.9%	0.9%	476,644
Male	1.5%	2.3%	0.8%	368,197
Race/Ethnicity
Hispanic	3.3%	4.8%	1.5%	312,662
White	1.5%	2.0%	0.5%	275,855
Black	4.6%	6.3%	1.8%	178,701
Other	2.1%	2.9%	0.8%	77,621
Immigration
Immigrant	3.0%	4.4%	1.4%	299,534
Native Born	2.1%	2.8%	0.7%	545,307
Age
60–69	2.9%	4.3%	1.5%	425,339
70–79	2.3%	3.2%	0.9%	337,524
80–89	1.9%	2.3%	0.4%	83,745
90+	1.4%	1.3%	0.0%	-1,767
Marital Status
Never Married	6.2%	8.7%	2.5%	332,828
Married	0.8%	1.2%	0.4%	174,791
Divorced	3.3%	4.6%	1.3%	241,913
Widowed	2.2%	2.9%	0.7%	95,308
Education
Graduate	0.7%	1.0%	0.3%	28,463
Bachelor	0.7%	1.1%	0.4%	78,703
Associate	1.7%	2.4%	0.7%	159,415
High School	3.3%	4.3%	1.0%	321,726
Less than 12 Yrs	6.1%	8.9%	2.8%	256,533
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%	16.1%	4.5%	844,842
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%	16.1%	4.5%	844,842
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%	3,505
$39,226 - $63,685	0.2%	1.0%	0.7%	140,008
$0-$39,226	11.2%	15.0%	3.7%	701,327
Benefit Type
Retired Worker	2.2%	3.3%	1.1%	713,617
Spousal & Worker	0.5%	0.7%	0.2%	9,101
Spousal Only	4.0%	4.8%	0.8%	9,682
Survivor & Worker	0.8%	1.0%	0.3%	26,237
Survivor Only	6.5%	8.0%	1.4%	11,217
Retired Disabled	3.7%	3.9%	0.2%	17,699
Disabled Worker	4.9%	6.1%	1.2%	57,287
Claiming Age
62 or younger	3.5%	4.7%	1.2%	578,805
63–66	1.1%	1.7%	0.6%	240,242
67 or older	1.6%	2.0%	0.4%	25,793
Quarters of Coverage
201+	0.0%	0.0%	0.0%	7,011
161–200	0.1%	0.3%	0.2%	73,430
81–160	2.1%	3.7%	1.6%	576,618
0–80	12.5%	14.2%	1.7%	187,780
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%	5,183
$2,910 - $5,076	0.6%	2.1%	1.5%	279,564
$0-$2,910	10.9%	13.8%	3.0%	560,094
Paying AIME Quintile
$12,519+	0.0%	0.0%	0.0%	0
$8,545 - $12,519	0.0%	0.0%	0.0%	4,468
$6,145 - $8,545	0.1%	0.1%	0.0%	857
$3,923 - $6,145	0.1%	0.6%	0.5%	88,861
$0-$3,923	11.3%	15.3%	4.0%	750,653
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%	0.2%	0.2%	44,429
$0-$1,690	11.5%	15.7%	4.2%	800,413
Adj. Gross Income
$181,671+	0.0%	0.0%	0.0%	1,749
$123,969 - $181,671	0.0%	0.1%	0.0%	6,376
$82,014 - $123,969	0.0%	0.1%	0.0%	4,707
$1 - $82,014	1.7%	2.0%	0.3%	55,347
$0.00	6.1%	8.6%	2.5%	776,660
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.