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1994-96 Advisory Council Report

 
 Table 77m  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 1977
            -----------------------------------------------------------------------------------------
                           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)    45658    76078   100354   120438             41362    68610    90581   108963
 5% PSA-All Tax(2.3)    43944    67147    87275   106505             39897    60823    79588    97655
 5% PSA-Hi Yld (2.3)    44875    69214    90583   111497             40858    62958    83004   102810
 1.6% IA-Hi Yld(2.3)    40711    66463    87532   105915             36624    59515    78546    95457
 MB+           (4.6)    50549    84128   111021   133092             45963    76183   100614   120863
 MB-PAYGO      (4.2)    45641    76031   100318   120214             41345    68564    90545   108740
 MTR           (2.3)    39023    62711    81529    96876             34898    55679    72408    86217
 LTR           (2.3)    39455    57169    71311    82480             35286    50576    63192    72983
 
            Present Value of Expected Pyrl Tax (EE + ER)               Cohort 22 in 1977
            -----------------------------------------------------------------------------------------
                           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)    27566    61258    98012   140984             28468    63262   101220   145794
 5% PSA-All Tax(2.3)    29466    65480   104770   151134             30498    67774   108438   156636
 5% PSA-Hi Yld (2.3)    28632    63624   101800   146680             29606    65792   105268   151882
 1.6% IA-Hi Yld(2.3)    28688    63750   101998   146980             29666    65926   105482   152202
 MB+           (4.6)    28632    63624   101800   146680             29606    65792   105268   151882
 MB-PAYGO      (4.2)    27566    61258    98012   140984             28468    63262   101220   145794
 MTR           (2.3)    27566    61258    98012   140984             28468    63262   101220   145794
 LTR           (2.3)    25128    55838    89342   127944             25862    57470    91950   131854
 
            Present Value of Expected "Net Subsidy"                    Cohort 22 in 1977
            -----------------------------------------------------------------------------------------
                           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)    18092    14820     2342   -20546             12894     5348   -10639   -36831
 5% PSA-All Tax(2.3)    14478     1667   -17495   -44629              9399    -6951   -28850   -58981
 5% PSA-Hi Yld (2.3)    16243     5590   -11217   -35183             11252    -2834   -22264   -49072
 1.6% IA-Hi Yld(2.3)    12023     2713   -14466   -41065              6958    -6411   -26936   -56745
 MB+           (4.6)    21917    20504     9221   -13588             16357    10391    -4654   -31019
 MB-PAYGO      (4.2)    18075    14773     2306   -20770             12877     5302   -10675   -37054
 MTR           (2.3)    11457     1453   -16483   -44108              6430    -7583   -28812   -59577
 LTR           (2.3)    14327     1331   -18031   -45464              9424    -6894   -28758   -58871
 
            Moneys Worth Ratio (BenefitsX100/Taxes)                    Cohort 22 in 1977
            -----------------------------------------------------------------------------------------
                           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)      166      124      102       85               145      108       89       75
 5% PSA-All Tax(2.3)      149      103       83       70               131       90       73       62
 5% PSA-Hi Yld (2.3)      157      109       89       76               138       96       79       68
 1.6% IA-Hi Yld(2.3)      142      104       86       72               123       90       74       63
 MB+           (4.6)      177      132      109       91               155      116       96       80
 MB-PAYGO      (4.2)      166      124      102       85               145      108       89       75
 MTR           (2.3)      142      102       83       69               123       88       72       59
 LTR           (2.3)      157      102       80       64               136       88       69       55
 
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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