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1994-96 Advisory Council Report

 
 Table 71   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 1971
            --------------------------------------------------------------------------------------------------
                          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)    56465    94259   121515   133841    92677    62850    91342   103498   127591   135953
 5% PSA-All Tax(2.3)    58744    94250   119011   125152    92149    66325    90646   105660   125383   139878
 5% PSA-Hi Yld (2.3)    59531    95924   121508   127991    93842    67249    92121   107711   128037   143161
 1.6% IA-Hi Yld(2.3)    55413    92221   117146   123827    89852    62669    89062   103061   123771   136124
 MB+           (4.6)    60131   100244   129343   141623    98558    66860    97048   110048   135658   144666
 MB-PAYGO      (4.2)    56444    94201   121439   132601    92544    62827    91290   103431   127485   135909
 MTR           (2.3)    53433    88004   110858   116700    85591    60346    85343    97898   117086   127863
 LTR           (2.3)    53127    82288   101177   104999    80066    59732    80101    91007   106420   116434
 
            Present Value of Expected Pyrl Tax (EE + ER)               Cohort 22 in 1971
            --------------------------------------------------------------------------------------------------
                          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)    57124   121331   178793   188448   121053    66662   106764   148140   189788   232820
 5% PSA-All Tax(2.3)    59839   127078   187365   198392   126882    69834   111800   155186   198870   244096
 5% PSA-Hi Yld (2.3)    58591   124435   183422   193829   124202    68376   109486   151944   194692   238908
 1.6% IA-Hi Yld(2.3)    58668   124598   183665   194114   124367    68466   109628   152144   194950   239228
 MB+           (4.6)    58591   124435   183422   193829   124202    68376   109486   151944   194692   238908
 MB-PAYGO      (4.2)    57124   121331   178793   188448   121053    66662   106764   148140   189788   232820
 MTR           (2.3)    57124   121331   178793   188448   121053    66662   106764   148140   189788   232820
 LTR           (2.3)    53769   114224   168192   176125   113844    62744   100536   139428   178556   218882
 
            Present Value of Expected "Net Subsidy"                    Cohort 22 in 1971
            --------------------------------------------------------------------------------------------------
                          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)     -659   -27071   -57277   -54606   -28376    -3812   -15422   -44642   -62197   -96867
 5% PSA-All Tax(2.3)    -1096   -32828   -68354   -73239   -34732    -3509   -21154   -49526   -73487  -104218
 5% PSA-Hi Yld (2.3)      940   -28511   -61914   -65838   -30359    -1127   -17365   -44233   -66655   -95747
 1.6% IA-Hi Yld(2.3)    -3255   -32377   -66520   -70287   -34515    -5797   -20566   -49083   -71179  -103104
 MB+           (4.6)     1540   -24191   -54079   -52205   -25643    -1516   -12438   -41896   -59034   -94242
 MB-PAYGO      (4.2)     -680   -27130   -57354   -55847   -28509    -3835   -15474   -44709   -62303   -96911
 MTR           (2.3)    -3690   -33327   -67935   -71748   -35462    -6316   -21421   -50242   -72702  -104957
 LTR           (2.3)     -642   -31936   -67015   -71126   -33778    -3012   -20435   -48421   -72136  -102448
 
            Moneys Worth Ratio (BenefitsX100/Taxes)                    Cohort 22 in 1971
            --------------------------------------------------------------------------------------------------
                          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)       99       78       68       71       77       94       86       70       67       58
 5% PSA-All Tax(2.3)       98       74       64       63       73       95       81       68       63       57
 5% PSA-Hi Yld (2.3)      102       77       66       66       76       98       84       71       66       60
 1.6% IA-Hi Yld(2.3)       94       74       64       64       72       92       81       68       63       57
 MB+           (4.6)      103       81       71       73       79       98       89       72       70       61
 MB-PAYGO      (4.2)       99       78       68       70       76       94       86       70       67       58
 MTR           (2.3)       94       73       62       62       71       91       80       66       62       55
 LTR           (2.3)       99       72       60       60       70       95       80       65       60       53
    
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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