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Table 07 Comparison of "Moneys Worth" for the OASDI Program for Present Law and
StdVal Advisory Council Options With Reduced CPI*
NoTaxAdj
Present Value of Expected Benefits Cohort 22 in 2007
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Composite Workers Married, Two Earner Couples
(TF ----------------------------------------- -----------------------------------------
Real Low Ave High Max Low/ Ave/ Ave/ High/ High/
Package Int) Erns Erns Erns Erns Total Low Low Ave Ave High
Present Law (2.3) 83576 143658 183509 203630 138989 98684 143096 163463 201297 216086
PL PAYGO (2.3) 83576 143658 183509 203630 138989 98684 143096 163463 201297 216086
5% PSA-All Tax(2.3) 112120 180189 227489 242266 174943 139001 178979 214820 253875 295172
5% PSA-Hi Yld (2.3) 133924 228258 300074 326817 223244 166125 222755 275094 334316 391611
1.6% IA-Hi Yld(2.3) 99689 171512 210289 226536 162815 123698 167399 206401 235496 260728
MB+ (4.6) 105440 181245 231869 257582 175477 124300 180209 206299 254185 272778
MB-PAYGO (4.2) 83536 143574 183440 203533 138920 98637 143014 163370 201217 216016
MTR (2.3) 78592 124953 140928 146133 116350 97456 124949 148086 159499 167425
LTR (2.3) 70076 87459 90397 82052 82613 86700 94500 98595 104547 109212
Present Value of Expected Pyrl Tax (EE + ER) Cohort 22 in 2007
--------------------------------------------------------------------------------------------------
Composite Workers Married, Two Earner Couples
----------------------------------------- ------------------------------------------
Low Ave High Max Low/ Ave/ Ave/ High/ High/
Erns Erns Erns Erns Total Low Low Ave Ave High
Present Law (2.3) 66386 144891 216282 253928 145176 81542 130452 181206 234564 289930
PL PAYGO (2.3) 75084 163833 244523 286942 164140 92230 147466 204952 265210 327924
5% PSA-All Tax(2.3) 76874 167806 250506 294204 168145 94422 151110 209828 271670 335724
5% PSA-Hi Yld (2.3) 74524 162652 242791 285053 162971 91538 146444 203418 263314 325468
1.6% IA-Hi Yld(2.3) 74952 163586 244187 286693 163907 92064 147284 204586 264828 327338
MB+ (4.6) 74524 162652 242791 285053 162971 91538 146444 203418 263314 325468
MB-PAYGO (4.2) 68403 149276 222809 261519 149561 84022 134380 186718 241652 298748
MTR (2.3) 66386 144891 216282 253928 145176 81542 130452 181206 234564 289930
LTR (2.3) 47755 104228 155583 182663 104432 58658 93842 130350 168734 208562
Present Value of Expected "Net Subsidy" Cohort 22 in 2007
--------------------------------------------------------------------------------------------------
Composite Workers Married, Two Earner Couples
----------------------------------------- ------------------------------------------
Low Ave High Max Low/ Ave/ Ave/ High/ High/
Erns Erns Erns Erns Total Low Low Ave Ave High
Present Law (2.3) 17190 -1233 -32773 -50298 -6187 17142 12644 -17743 -33267 -73844
PL PAYGO (2.3) 8491 -20175 -61014 -83312 -25151 6454 -4370 -41489 -63913 -111838
5% PSA-All Tax(2.3) 35246 12383 -23017 -51938 6799 44579 27869 4992 -17795 -40552
5% PSA-Hi Yld (2.3) 59400 65606 57282 41764 60273 74587 76311 71676 71002 66143
1.6% IA-Hi Yld(2.3) 24737 7926 -33898 -60157 -1092 31634 20115 1815 -29332 -66610
MB+ (4.6) 30916 18593 -10922 -27471 12506 32762 33765 2881 -9129 -52690
MB-PAYGO (4.2) 15132 -5702 -39369 -57986 -10641 14615 8634 -23348 -40435 -82732
MTR (2.3) 12206 -19938 -75353 -107796 -28826 15914 -5503 -33120 -75065 -122505
LTR (2.3) 22321 -16769 -65186 -100611 -21819 28042 658 -31755 -64187 -99350
Moneys Worth Ratio (BenefitsX100/Taxes) Cohort 22 in 2007
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Composite Workers Married, Two Earner Couples
----------------------------------------- ------------------------------------------
Low Ave High Max Low/ Ave/ Ave/ High/ High/
Erns Erns Erns Erns Total Low Low Ave Ave High
Present Law (2.3) 126 99 85 80 96 121 110 90 86 75
PL PAYGO (2.3) 111 88 75 71 85 107 97 80 76 66
5% PSA-All Tax(2.3) 146 107 91 82 104 147 118 102 93 88
5% PSA-Hi Yld (2.3) 180 140 124 115 137 181 152 135 127 120
1.6% IA-Hi Yld(2.3) 133 105 86 79 99 134 114 101 89 80
MB+ (4.6) 141 111 96 90 108 136 123 101 97 84
MB-PAYGO (4.2) 122 96 82 78 93 117 106 87 83 72
MTR (2.3) 118 86 65 58 80 120 96 82 68 58
LTR (2.3) 147 84 58 45 79 148 101 76 62 52
Note: All values based in intermediate assumptions of the 1995 Trustees Report*. All dollar values are present value at age 22, then wage indexed to 1995. * Assuming 0.21% lower COLA starting Dec 97; no change in nominal wage or interest. Office of the Actuary / Social Security Administration July 28, 1996 |
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