INDEX A Actuarial balance 14, 19, 55, 77, 84, 180, 194 Actuarial deficit 19, 28, 78 Actuarial estimates, LR 55 Actuarial estimates, SR 43 Adjusted program amounts 127 Administrative expenses 9, 40, 56, 166, 169, 188, 228 Advance tax transfers 43, 73, 173 Amendments 42 Annual balance 26, 55, 84 Assumptions 66, 91, 111, 127, 180, 194, 222, 233 Automatic cost-of-living benefit increase 48, 127 Auxiliary benefits 137 Average benefits 162 Average earnings assumptions 114 Average indexed monthly earnings (AIME) 131 Average wage index 127, 222 Award 139 B Baby-boom generation 147 Bend points 131 Beneficiaries, DI 145 Beneficiary 16, 48, 69, 91, 128, 184, 195, 228, 233 Beneficiary, OASI 139 Benefit payments 9, 56, 162, 169, 188 Benefit termination 11 Best estimate 43, 91 Board of Trustees 43, 111, 167 C Constant dollars 229 Consumer Price Index 200, 222, 238 Contribution and benefit base 48, 114, 128, 238 Contributions 9, 167, 188, 228, 237 Cost 9, 34, 50 Cost rate 56 Cost-of-living adjustment 127 Covered earnings 9, 127, 223 Covered employment 12, 47, 114, 135, 167 Covered worker 71, 197 Creditable earnings 240 Current dollars 222 Current-payment status 50, 151, 152, 238 D Deemed wage credit 56 Delayed retirement credit 134 Demographic assumptions 11, 26, 43, 92, 120, 127, 180, 223, 237 DI beneficiaries 145 Disability 167, 197, 233 Disability incidence rate 91, 146, 149, 197, 204, 237 Disability Insurance Trust Fund 239 Disability prevalence rate 152, 154 Disability termination rate 205 Disabled-worker benefit 149, 241 E Earnings 9, 56, 114, 128, 167, 181, 222, 223, 237 Earnings test 128, 238 Economic assumptions 11, 26, 43, 53, 111, 120, 127, 180, 223, 237 Excess wages 56, 222 Expenditures 43, 242 Exposed population 139, 148, 204, 242 F Federal Insurance Contributions Act 247 Fertility assumptions 92 Financial interchange 9, 166, 169 Fiscal year 173, 187 Full advance funding 242 G General Fund of the Treasury 46, 48, 50, 52, 173, 175, 177, 191, 192, 193, 237 General fund reimbursement 243 Gross domestic product 14, 65, 91, 112, 122 Gross domestic product projections 122 H High-cost assumptions 12, 43, 57, 91, 111, 150, 194, 215, 222, 237 Hospital Insurance program 245 I Immigration 11, 91, 98, 197, 237, 244 Immigration assumptions 98 Income rate 15, 56 Infinite horizon 14 Inflation 11, 91, 112, 222, 237 Inflation assumptions 112 Insured population 11, 136 Insured status 132 Interest 123, 168, 180, 188, 237 Interest rate 91, 180, 201, 237 Interest rate projections 123 Interest rates 11 Interfund borrowing 173, 244 Intermediate assumptions 12, 43, 57, 66, 91, 149, 194, 222, 226, 229, 233, 237 L Labor force projections 119 Lawful Permanent Resident (LPR) immigration 98 Legal emigration 245 Legal immigration 244 Life expectancy 91, 108, 119, 245 Life expectancy estimates 108 Long range 14, 55, 92, 139, 180 Low-cost assumptions 12, 43, 57, 91, 111, 150, 194, 215, 222, 237 LPR immigrants 244 LPR immigration 244 Lump-sum death payment 162 M Medicare 93, 245 Military service 56, 167, 173, 175, 177 N National average wage index 222 Normal retirement age 128, 145, 163, 240 O OASI beneficiaries 139 Old-Age and Survivors Insurance Trust Fund 167, 239 Old-law base 132 P Par value 169, 246 Partial advance funding 246 Pay-as-you-go financing 180 Payroll taxes 127, 155, 184, 217, 228 Population estimates 105 Present value 180 Primary insurance amount (PIA) 131 Productivity assumptions 112 Q Quarters of coverage 136 R Railroad Retirement 56, 77, 132, 166, 169, 188, 189, 190, 228, 239 Reallocation of tax rates 248 Reserves 9, 13, 34, 188, 201 Retired-worker benefit 139, 197, 233 Retirement age 128, 163, 240 Retirement earnings test 128 S Scenario-based model 248 Scheduled benefits 200, 228, 235, 248 Self-employment 56, 247 Self-Employment Contributions Act 247, 248 Sensitivity analysis 194 Short range 13, 43, 139 Social Security Act 127, 222, 233, 239 Social Security amendments 42 Solvency 249 Special public-debt obligation 126, 201 Stochastic projections 207 Substantial gainful activity 145, 241 Summarized balance 80 Summarized income and cost rates 77, 180, 194, 237 Supplemental Security Income 188 Supplementary Medical Insurance program 245 Survivor benefit 10, 143, 238 Sustainable solvency 73, 74 T Taxable earnings 47, 72, 128, 181, 238 Taxable payroll 28, 56, 66, 136, 180, 195, 222, 239 Taxable ratio 202 Taxable self-employment income 250 Taxable wages 160, 250 Taxation of benefits 2, 9, 160, 228, 244 Taxes 9, 127 Temporary or unlawfully present emigration 98 Temporary or unlawfully present immigration 98 Termination 91 Termination rate 11, 139, 205, 237 Test of long-range close actuarial balance 55, 72, 75 Test of short-range financial adequacy 13, 14, 44, 45, 75, 251 Total fertility rate 92, 194 Trust fund financial operations 9, 30, 44, 167 Trust fund ratio 13, 43, 55, 72, 173, 191, 252, 253 Trust fund reserves 43 U Unemployment projections 119 Unfunded obligation 14, 20, 21, 55, 81, 83, 219, 246, 253 Unnegotiated check 188 V Valuation period 19, 53, 55, 180, 194, 237 Vocational rehabilitation 56, 169, 189, 228, 235, 239 Y Year of depletion 15, 19, 55, 75
