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1994-96 Advisory Council Report

 
 Table 07m  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
            -----------------------------------------------------------------------------------------
                           Married, Male Worker Only                  Married, Female Worker Only
               (TF
               Real      Low      Ave     High      Max               Low      Ave     High      Max
 Package       Int)     Erns     Erns     Erns     Erns              Erns     Erns     Erns     Erns
 
 Present Law   (2.3)    83983   139522   184179   221485             76588   126796   167466   201400
 PL PAYGO      (2.3)    83983   139522   184179   221485             76588   126796   167466   201400
 5% PSA-All Tax(2.3)    88771   128798   169955   221953             81271   118301   157630   207136
 5% PSA-Hi Yld (2.3)   102396   159076   218400   294509             94769   148297   205624   279017
 1.6% IA-Hi Yld(2.3)    80157   130727   175839   222252             72778   118792   160496   203810
 MB+           (4.6)   106289   176463   233209   280419             97217   161054   212837   255937
 MB-PAYGO      (4.2)    83944   139432   184111   221382             76549   126707   167398   201297
 MTR           (2.3)    66896   101258   128688   151632             59797    89946   114343   134685
 LTR           (2.3)    62444    70293    76347    81751             55297    60581    65278    68814
 
            Present Value of Expected Pyrl Tax (EE + ER)               Cohort 22 in 2007
            -----------------------------------------------------------------------------------------
                           Married, Male Worker Only                  Married, Female Worker Only
 
                         Low      Ave     High      Max               Low      Ave     High      Max
                        Erns     Erns     Erns     Erns              Erns     Erns     Erns     Erns
 
 Present Law   (2.3)    40018    88928   142286   213112             41524    92278   147644   221138
 PL PAYGO      (2.3)    45194   100430   160688   240678             47036   104522   167236   250486
 5% PSA-All Tax(2.3)    46382   103070   164912   247002             48040   106758   170812   255838
 5% PSA-Hi Yld (2.3)    44924    99830   159726   239234             46614   103588   165742   248244
 1.6% IA-Hi Yld(2.3)    45182   100402   160644   240610             46882   104184   166694   249672
 MB+           (4.6)    44924    99830   159726   239234             46614   103588   165742   248244
 MB-PAYGO      (4.2)    41200    91558   146492   219412             42822    95160   152256   228046
 MTR           (2.3)    40018    88928   142286   213112             41524    92278   147644   221138
 LTR           (2.3)    28786    63970   102354   153302             29872    66380   106208   159076
 
            Present Value of Expected "Net Subsidy"                    Cohort 22 in 2007
            -----------------------------------------------------------------------------------------
                           Married, Male Worker Only                  Married, Female Worker Only
 
                         Low      Ave     High      Max               Low      Ave     High      Max
                        Erns     Erns     Erns     Erns              Erns     Erns     Erns     Erns
 
 Present Law   (2.3)    43965    50594    41893     8373             35064    34518    19822   -19738
 PL PAYGO      (2.3)    38789    39092    23491   -19193             29552    22274      230   -49086
 5% PSA-All Tax(2.3)    42389    25728     5043   -25049             33231    11543   -13182   -48702
 5% PSA-Hi Yld (2.3)    57472    59246    58674    55275             48155    44709    39882    30773
 1.6% IA-Hi Yld(2.3)    34975    30325    15195   -18358             25896    14608    -6198   -45862
 MB+           (4.6)    61365    76633    73483    41185             50603    57466    47095     7693
 MB-PAYGO      (4.2)    42744    47874    37619     1970             33727    31547    15142   -26749
 MTR           (2.3)    26878    12330   -13598   -61480             18273    -2332   -33301   -86453
 LTR           (2.3)    33658     6323   -26007   -71551             25425    -5799   -40930   -90262
 
            Moneys Worth Ratio (BenefitsX100/Taxes)                    Cohort 22 in 2007
            -----------------------------------------------------------------------------------------
                           Married, Male Worker Only                  Married, Female Worker Only
 
                         Low      Ave     High      Max               Low      Ave     High      Max
                        Erns     Erns     Erns     Erns              Erns     Erns     Erns     Erns
 
 Present Law   (2.3)      210      157      129      104               184      137      113       91
 PL PAYGO      (2.3)      186      139      115       92               163      121      100       80
 5% PSA-All Tax(2.3)      191      125      103       90               169      111       92       81
 5% PSA-Hi Yld (2.3)      228      159      137      123               203      143      124      112
 1.6% IA-Hi Yld(2.3)      177      130      109       92               155      114       96       82
 MB+           (4.6)      237      177      146      117               209      155      128      103
 MB-PAYGO      (4.2)      204      152      126      101               179      133      110       88
 MTR           (2.3)      167      114       90       71               144       97       77       61
 LTR           (2.3)      217      110       75       53               185       91       61       43
 
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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