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Table 19s 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 2019
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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) 44974 74236 98097 117968 52253 86261 113965 137059
PL PAYGO (2.3) 44974 74236 98097 117968 52253 86261 113965 137059
5% PSA-401K (2.3) 54751 88792 124875 170889 60283 94355 131025 177345
5% PSA-USBond (2.3) 47077 71738 97589 130018 52366 76760 102874 135178
1.6% IA-401KAn(2.3) 44737 73737 100554 129026 50765 82885 112298 143069
1.6% IA-USBond(2.3) 41102 65660 87630 109670 47066 74666 99145 123370
MB (4.2) 44952 74187 98061 117913 52225 86200 113919 136989
MTR (2.3) 35395 52977 67333 79272 41233 61703 78403 92303
LTR (2.3) 30916 35824 40127 43945 35744 39923 43775 46655
Present Value of Expected Pyrl Tax (EE + ER) Cohort 22 in 2019
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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) 40248 89440 143104 214354 41740 92754 148408 222296
PL PAYGO (2.3) 49604 110232 176372 264184 51544 114544 183270 274518
5% PSA-401K (2.3) 45182 100404 160646 240630 46856 104124 166600 249546
5% PSA-USBond (2.3) 45182 100404 160646 240630 46856 104124 166600 249546
1.6% IA-401KAn(2.3) 45442 100982 161570 242014 47126 104722 167556 250980
1.6% IA-USBond(2.3) 45442 100982 161570 242014 47126 104722 167556 250980
MB (4.2) 41004 91120 145792 218380 42554 94562 151300 226630
MTR (2.3) 40248 89440 143104 214354 41740 92754 148408 222296
LTR (2.3) 28952 64340 102944 154196 30026 66724 106758 159910
Present Value of Expected "Net Subsidy" Cohort 22 in 2019
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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) 4726 -15204 -45007 -96386 10513 -6493 -34443 -85237
PL PAYGO (2.3) -4630 -35996 -78275 -146216 709 -28283 -69305 -137459
5% PSA-401K (2.3) 9569 -11612 -35771 -69741 13427 -9769 -35575 -72201
5% PSA-USBond (2.3) 1895 -28666 -63057 -110612 5510 -27364 -63726 -114368
1.6% IA-401KAn(2.3) -705 -27245 -61016 -112988 3639 -21837 -55258 -107911
1.6% IA-USBond(2.3) -4340 -35322 -73940 -132344 -60 -30056 -68411 -127610
MB (4.2) 3948 -16933 -47731 -100467 9671 -8362 -37381 -89641
MTR (2.3) -4853 -36463 -75771 -135082 -507 -31051 -70005 -129993
LTR (2.3) 1964 -28516 -62817 -110251 5718 -26801 -62983 -113255
Moneys Worth Ratio (BenefitsX100/Taxes) Cohort 22 in 2019
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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) 112 83 69 55 125 93 77 62
PL PAYGO (2.3) 91 67 56 45 101 75 62 50
5% PSA-401K (2.3) 121 88 78 71 129 91 79 71
5% PSA-USBond (2.3) 104 71 61 54 112 74 62 54
1.6% IA-401KAn(2.3) 98 73 62 53 108 79 67 57
1.6% IA-USBond(2.3) 90 65 54 45 100 71 59 49
MB (4.2) 110 81 67 54 123 91 75 60
MTR (2.3) 88 59 47 37 99 67 53 42
LTR (2.3) 107 56 39 28 119 60 41 29
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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