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1994-96 Advisory Council Report

 
 Table 86m  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 1986
            -----------------------------------------------------------------------------------------
                           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)    49848    82965   109490   132317             45015    74604    98523   119038
 PL PAYGO      (2.3)    49848    82965   109490   132317             45015    74604    98523   119038
 5% PSA-All Tax(2.3)    50339    74640    97181   122503             45834    67944    89219   113039
 5% PSA-Hi Yld (2.3)    53212    81026   107398   137900             48749    74420    99582   128655
 1.6% IA-Hi Yld(2.3)    45862    73743    97265   119905             41389    66308    87701   108443
 MB+           (4.6)    58090    96568   127503   154025             52730    87339   115381   139350
 MB-PAYGO      (4.2)    49825    82918   109453   132226             44992    74557    98486   118947
 MTR           (2.3)    42156    65505    84085   100075             37667    58037    74468    88535
 LTR           (2.3)    41521    55046    65830    75368             36930    48157    57560    65444
 
            Present Value of Expected Pyrl Tax (EE + ER)               Cohort 22 in 1986
            -----------------------------------------------------------------------------------------
                           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)    27250    60556    96890   146216             28244    62766   100426   151532
 PL PAYGO      (2.3)    27562    61248    97996   147872             28596    63546   101674   153402
 5% PSA-All Tax(2.3)    30450    67666   108264   163290             31624    70274   112438   169562
 5% PSA-Hi Yld (2.3)    29132    64736   103578   156264             30234    67188   107500   162160
 1.6% IA-Hi Yld(2.3)    29230    64956   103930   156792             30340    67420   107874   162720
 MB+           (4.6)    29132    64736   103578   156264             30234    67188   107500   162160
 MB-PAYGO      (4.2)    27250    60556    96890   146216             28244    62766   100426   151532
 MTR           (2.3)    27250    60556    96890   146216             28244    62766   100426   151532
 LTR           (2.3)    22944    50988    81580   123212             23690    52644    84230   127200
 
            Present Value of Expected "Net Subsidy"                    Cohort 22 in 1986
            -----------------------------------------------------------------------------------------
                           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)    22598    22409    12600   -13899             16771    11838    -1903   -32494
 PL PAYGO      (2.3)    22286    21717    11494   -15555             16419    11058    -3151   -34364
 5% PSA-All Tax(2.3)    19889     6974   -11083   -40787             14210    -2330   -23219   -56523
 5% PSA-Hi Yld (2.3)    24080    16290     3820   -18364             18515     7232    -7918   -33505
 1.6% IA-Hi Yld(2.3)    16632     8787    -6665   -36887             11049    -1112   -20173   -54277
 MB+           (4.6)    28958    31832    23925    -2239             22496    20151     7881   -22810
 MB-PAYGO      (4.2)    22575    22362    12563   -13990             16748    11791    -1940   -32585
 MTR           (2.3)    14906     4949   -12805   -46141              9423    -4729   -25958   -62997
 LTR           (2.3)    18577     4058   -15750   -47844             13240    -4487   -26670   -61756
 
            Moneys Worth Ratio (BenefitsX100/Taxes)                    Cohort 22 in 1986
            -----------------------------------------------------------------------------------------
                           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)      183      137      113       90               159      119       98       79
 PL PAYGO      (2.3)      181      135      112       89               157      117       97       78
 5% PSA-All Tax(2.3)      165      110       90       75               145       97       79       67
 5% PSA-Hi Yld (2.3)      183      125      104       88               161      111       93       79
 1.6% IA-Hi Yld(2.3)      157      114       94       76               136       98       81       67
 MB+           (4.6)      199      149      123       99               174      130      107       86
 MB-PAYGO      (4.2)      183      137      113       90               159      119       98       78
 MTR           (2.3)      155      108       87       68               133       92       74       58
 LTR           (2.3)      181      108       81       61               156       91       68       51
 
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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