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1994-96 Advisory Council Report

 
 Table 77s  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
            -----------------------------------------------------------------------------------------
                              Single Male Worker                           Single Female Worker
               (TF
               Real      Low      Ave     High      Max               Low      Ave     High      Max
 Package       Int)     Erns     Erns     Erns     Erns              Erns     Erns     Erns     Erns
 
 Present Law   (2.3)    22460    37082    49000    58848             27042    44651    58993    70999
 5% PSA-All Tax(2.3)    23315    37030    49724    62748             27347    42685    56976    71268
 5% PSA-Hi Yld (2.3)    24165    38920    52747    67309             28256    44706    60209    76146
 1.6% IA-Hi Yld(2.3)    21371    34937    46525    57069             25523    41525    55124    67498
 MB+           (4.6)    24817    40961    54140    64944             30018    49549    65483    78693
 MB-PAYGO      (4.2)    22451    37058    48981    58773             27030    44619    58969    70850
 MTR           (2.3)    19840    31535    41082    48874             23899    37915    49350    58805
 LTR           (2.3)    19246    27988    35256    40978             23009    33045    41552    48060
 
            Present Value of Expected Pyrl Tax (EE + ER)               Cohort 22 in 1977
            -----------------------------------------------------------------------------------------
                              Single Male Worker                           Single Female Worker
 
                         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
            -----------------------------------------------------------------------------------------
                              Single Male Worker                           Single Female Worker
 
                         Low      Ave     High      Max               Low      Ave     High      Max
                        Erns     Erns     Erns     Erns              Erns     Erns     Erns     Erns
 
 Present Law   (2.3)    -5106   -24176   -49012   -82136             -1426   -18611   -42227   -74795
 5% PSA-All Tax(2.3)    -6151   -28450   -55046   -88386             -3151   -25089   -51462   -85368
 5% PSA-Hi Yld (2.3)    -4467   -24704   -49053   -79371             -1350   -21086   -45059   -75736
 1.6% IA-Hi Yld(2.3)    -7317   -28813   -55473   -89911             -4143   -24401   -50358   -84704
 MB+           (4.6)    -3815   -22663   -47660   -81736               412   -16243   -39785   -73189
 MB-PAYGO      (4.2)    -5115   -24200   -49031   -82211             -1438   -18643   -42251   -74944
 MTR           (2.3)    -7726   -29723   -56930   -92110             -4569   -25347   -51870   -86989
 LTR           (2.3)    -5882   -27850   -54086   -86966             -2853   -24425   -50398   -83794
 
            Moneys Worth Ratio (BenefitsX100/Taxes)                    Cohort 22 in 1977
            -----------------------------------------------------------------------------------------
                              Single Male Worker                           Single Female Worker
 
                         Low      Ave     High      Max               Low      Ave     High      Max
                        Erns     Erns     Erns     Erns              Erns     Erns     Erns     Erns
 
 Present Law   (2.3)       81       61       50       42                95       71       58       49
 5% PSA-All Tax(2.3)       79       57       47       42                90       63       53       45
 5% PSA-Hi Yld (2.3)       84       61       52       46                95       68       57       50
 1.6% IA-Hi Yld(2.3)       74       55       46       39                86       63       52       44
 MB+           (4.6)       87       64       53       44               101       75       62       52
 MB-PAYGO      (4.2)       81       60       50       42                95       71       58       49
 MTR           (2.3)       72       51       42       35                84       60       49       40
 LTR           (2.3)       77       50       39       32                89       58       45       36
 
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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