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Table 19 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 2019
--------------------------------------------------------------------------------------------------
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) 85867 147232 187747 207806 142430 101411 146724 167965 206500 222028
PL PAYGO (2.3) 85867 147232 187747 207806 142430 101411 146724 167965 206500 222028
5% PSA-All Tax(2.3) 112667 180696 228774 243369 175734 139816 179905 215896 257112 296563
5% PSA-Hi Yld (2.3) 134644 229047 300694 327670 224075 167139 224009 276614 336137 393713
1.6% IA-Hi Yld(2.3) 100953 172944 211786 227530 164232 125447 169158 208723 238132 263889
MB+ (4.6) 109131 187307 239204 264829 181276 128745 186288 213886 263029 282807
MB-PAYGO (4.2) 85824 147146 187677 207709 142359 101360 146640 167869 206418 221956
MTR (2.3) 79384 125442 141081 145389 116786 98641 125779 149154 160483 168579
LTR (2.3) 70327 87515 90130 81518 82613 87178 94879 98924 104807 109408
Present Value of Expected Pyrl Tax (EE + ER) Cohort 22 in 2019
--------------------------------------------------------------------------------------------------
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) 66737 145433 216855 254833 145794 81988 131180 182194 235858 291512
PL PAYGO (2.3) 82330 179388 267463 314194 179822 101148 161776 224776 290916 359642
5% PSA-All Tax(2.3) 72948 158992 237092 278697 159395 89616 143434 199146 257856 318634
5% PSA-Hi Yld (2.3) 74918 163260 243438 286071 163665 92038 147260 204528 264770 327246
1.6% IA-Hi Yld(2.3) 75349 164199 244837 287716 164607 92568 148108 205704 266292 329126
MB+ (4.6) 74918 163260 243438 286071 163665 92038 147260 204528 264770 327246
MB-PAYGO (4.2) 72136 157169 234331 275261 157548 88624 141736 196940 254880 315104
MTR (2.3) 66737 145433 216855 254833 145794 81988 131180 182194 235858 291512
LTR (2.3) 48007 104619 155998 183315 104878 58978 94366 131064 169668 209702
Present Value of Expected "Net Subsidy" Cohort 22 in 2019
--------------------------------------------------------------------------------------------------
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) 19130 1799 -29108 -47026 -3364 19423 15544 -14229 -29358 -69484
PL PAYGO (2.3) 3537 -32156 -79716 -106387 -37392 263 -15052 -56811 -84416 -137614
5% PSA-All Tax(2.3) 39719 21705 -8318 -35328 16340 50200 36471 16750 -744 -22071
5% PSA-Hi Yld (2.3) 59726 65787 57256 41599 60410 75101 76749 72086 71367 66467
1.6% IA-Hi Yld(2.3) 25603 8744 -33051 -60185 -374 32879 21050 3019 -28160 -65237
MB+ (4.6) 34213 24047 -4234 -21242 17611 36707 39028 9358 -1741 -44439
MB-PAYGO (4.2) 13688 -10023 -46654 -67552 -15189 12736 4904 -29071 -48462 -93148
MTR (2.3) 12647 -19991 -75775 -109444 -29008 16653 -5401 -33040 -75375 -122933
LTR (2.3) 22320 -17104 -65867 -101796 -22265 28200 513 -32140 -64861 -100294
Moneys Worth Ratio (BenefitsX100/Taxes) Cohort 22 in 2019
--------------------------------------------------------------------------------------------------
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) 129 101 87 82 98 124 112 92 88 76
PL PAYGO (2.3) 104 82 70 66 79 100 91 75 71 62
5% PSA-All Tax(2.3) 154 114 96 87 110 156 125 108 100 93
5% PSA-Hi Yld (2.3) 180 140 124 115 137 182 152 135 127 120
1.6% IA-Hi Yld(2.3) 134 105 87 79 100 136 114 101 89 80
MB+ (4.6) 146 115 98 93 111 140 127 105 99 86
MB-PAYGO (4.2) 119 94 80 75 90 114 103 85 81 70
MTR (2.3) 119 86 65 57 80 120 96 82 68 58
LTR (2.3) 146 84 58 44 79 148 101 75 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 |
www.socialsecurity.gov