CATEGORY: INDIVIDUAL ACCOUNT CHANGES
PROPOSAL: Allow workers to voluntarily contribute an additional 2% of pay (up to the tax max) to an individual account
Start date: 2016  End date: not applicable  Proposed by: Social Security Advisory Board

Projected effects on beneficiaries in 2050

Table 1. Individual benefit changes, 2050: Voluntary Individual Add-on Accounts vs. Scheduled
POPULATION: current law beneficiaries aged 60+
Characteristic All Beneficiaries Affected Beneficiaries
Median Percent Change Percent With Median Percent Change Percent With
Lower Benefits Higher Benefits Lower Benefits Higher Benefits
Total 0% 87% 0% 100%
Sex
Female 0% 85% 0% 100%
Male 0% 89% 0% 100%
Ethnicity/Race
Hispanic 0% 87% 0% 100%
White 0% 87% 0% 100%
Black 0% 86% 0% 100%
Other 0% 90% 0% 100%
Country of Birth
U.S. 0% 87% 0% 100%
Foreign 0% 89% 0% 100%
Age
60-69 0% 81% 0% 100%
70-79 0% 96% 0% 100%
80-89 0% 93% 0% 100%
90+ 0% 53% 0% 100%
Marital Status
Married 0% 88% 0% 100%
Divorced 0% 88% 0% 100%
Widowed 0% 83% 0% 100%
Never Married 0% 86% 0% 100%
Education
Graduate 0% 90% 0% 100%
Bachelor 0% 90% 0% 100%
Associate 0% 87% 0% 100%
High School 0% 85% 0% 100%
Less than 12 Yrs 0% 84% 0% 100%
Official Poverty
Above poverty 0% 88% 0% 100%
In poverty 0% 77% 0% 100%
Household Income Quintile
$200,444+ 0% 90% 0% 100%
$103,985 - $200,444 0% 90% 0% 100%
$60,527 - $103,985 0% 89% 0% 100%
$33,157 - $60,527 0% 85% 0% 100%
$0-$33,157 0% 82% 0% 100%
Current Law Benefit Type
Retired worker 0% 95% 0% 100%
Widow(er) 0% 78% 0% 100%
Spouse 0% 72% 0% 100%
Disabled worker 0% 0% 0% . . . . . .
Source: SSA/Office of Retirement Policy, using MINT 7 Run: 03/09/2015 Ref #: SSAB0714v1
Note: . . . = not applicable.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Table 1. Individual benefit changes, 2050: Voluntary Individual Add-on Accounts vs. Payable
POPULATION: current law beneficiaries aged 60+
Characteristic All Beneficiaries Affected Beneficiaries
Median Percent Change Percent With Median Percent Change Percent With
Lower Benefits Higher Benefits Lower Benefits Higher Benefits
Total 0% 100% 0% 100%
Sex
Female 0% 100% 0% 100%
Male 0% 100% 0% 100%
Ethnicity/Race
Hispanic 0% 100% 0% 100%
White 0% 100% 0% 100%
Black 0% 100% 0% 100%
Other 0% 100% 0% 100%
Country of Birth
U.S. 0% 100% 0% 100%
Foreign 0% 100% 0% 100%
Age
60-69 0% 100% 0% 100%
70-79 0% 100% 0% 100%
80-89 0% 100% 0% 100%
90+ 0% 100% 0% 100%
Marital Status
Married 0% 100% 0% 100%
Divorced 0% 100% 0% 100%
Widowed 0% 100% 0% 100%
Never Married 0% 100% 0% 100%
Education
Graduate 0% 100% 0% 100%
Bachelor 0% 100% 0% 100%
Associate 0% 100% 0% 100%
High School 0% 100% 0% 100%
Less than 12 Yrs 0% 100% 0% 100%
Official Poverty
Above poverty 0% 100% 0% 100%
In poverty 0% 100% 0% 100%
Household Income Quintile
$200,444+ 0% 100% 0% 100%
$103,985 - $200,444 0% 100% 0% 100%
$60,527 - $103,985 0% 100% 0% 100%
$33,157 - $60,527 0% 100% 0% 100%
$0-$33,157 0% 100% 0% 100%
Current Law Benefit Type
Retired worker 0% 100% 0% 100%
Widow(er) 0% 100% 0% 100%
Spouse 0% 100% 0% 100%
Disabled worker 0% 100% . . . . . .
Source: SSA/Office of Retirement Policy, using MINT 7 Run: 03/09/2015 Ref #: SSAB0714v1
Note: . . . = not applicable.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Table 2. Household income changes, 2050: Voluntary Individual Add-on Accounts vs. Scheduled
POPULATION: current law beneficiaries aged 60+
Characteristic All Beneficiaries Affected Beneficiaries
Median Percent Change Percent With Median Percent Change Percent With
Lower Income Higher Income Lower Income Higher Income
Total 0% 74% 0% 82%
Sex
Female 0% 73% 0% 82%
Male 0% 75% 0% 83%
Ethnicity/Race
Hispanic 0% 76% 0% 84%
White 0% 73% 0% 82%
Black 0% 76% 0% 87%
Other 0% 73% 0% 79%
Country of Birth
U.S. 0% 74% 0% 83%
Foreign 0% 74% 0% 81%
Age
60-69 0% 75% 0% 89%
70-79 0% 86% 0% 88%
80-89 0% 72% 0% 76%
90+ 0% 0% 24% 0% 0% 41%
Marital Status
Married 0% 77% 0% 83%
Divorced 0% 74% 0% 84%
Widowed 0% 64% 0% 77%
Never Married 0% 74% 0% 86%
Education
Graduate 0% 71% 0% 79%
Bachelor 0% 76% 0% 82%
Associate 0% 76% 0% 84%
High School 0% 73% 0% 83%
Less than 12 Yrs 0% 72% 0% 83%
Official Poverty
Above poverty 0% 74% 0% 82%
In poverty 1% 66% 1% 84%
Household Income Quintile
$200,444+ 0% 0% 49% 0% 54%
$103,985 - $200,444 0% 75% 0% 82%
$60,527 - $103,985 0% 82% 0% 90%
$33,157 - $60,527 0% 84% 0% 94%
$0-$33,157 0% 80% 0% 95%
Current Law Benefit Type
Retired worker 0% 80% 0% 83%
Widow(er) 0% 62% 0% 79%
Spouse 0% 75% 0% 82%
Disabled worker 0% 0% 12% . . . . . .
Source: SSA/Office of Retirement Policy, using MINT 7 Run: 03/09/2015 Ref #: SSAB0714v1
Note: . . . = not applicable.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Table 2. Household income changes, 2050: Voluntary Individual Add-on Accounts vs. Payable
POPULATION: current law beneficiaries aged 60+
Characteristic All Beneficiaries Affected Beneficiaries
Median Percent Change Percent With Median Percent Change Percent With
Lower Income Higher Income Lower Income Higher Income
Total 0% 98% 0% 98%
Sex
Female 0% 97% 0% 98%
Male 0% 98% 0% 98%
Ethnicity/Race
Hispanic 0% 98% 0% 98%
White 0% 98% 0% 98%
Black 1% 98% 1% 98%
Other 0% 96% 0% 97%
Country of Birth
U.S. 0% 98% 0% 98%
Foreign 0% 97% 0% 97%
Age
60-69 0% 97% 0% 98%
70-79 0% 98% 0% 98%
80-89 0% 98% 0% 98%
90+ 0% 95% 0% 97%
Marital Status
Married 0% 98% 0% 98%
Divorced 0% 98% 0% 98%
Widowed 0% 97% 0% 98%
Never Married 1% 97% 1% 97%
Education
Graduate 0% 97% 0% 97%
Bachelor 0% 98% 0% 98%
Associate 0% 98% 0% 99%
High School 0% 98% 0% 98%
Less than 12 Yrs 1% 96% 1% 97%
Official Poverty
Above poverty 0% 98% 0% 98%
In poverty 5% 85% 5% 86%
Household Income Quintile
$200,444+ 0% 91% 0% 93%
$103,985 - $200,444 0% 100% 0% 100%
$60,527 - $103,985 0% 100% 0% 100%
$33,157 - $60,527 0% 100% 0% 100%
$0-$33,157 1% 97% 1% 98%
Current Law Benefit Type
Retired worker 0% 98% 0% 98%
Widow(er) 0% 97% 0% 98%
Spouse 0% 97% 0% 97%
Disabled worker 1% 97% . . . . . .
Source: SSA/Office of Retirement Policy, using MINT 7 Run: 03/09/2015 Ref #: SSAB0714v1
Note: . . . = not applicable.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Table 3. Poverty, 2050: Voluntary Individual Add-on Accounts vs. Scheduled
POPULATION: current law beneficiaries aged 60+
Characteristic Poverty Rate Population Change (thousands)
Scheduled Option Change
Total 3.5% 3.1% -0.4% -367
Sex
Female 4.2% 3.7% -0.5% -233
Male 2.7% 2.4% -0.3% -134
Ethnicity/Race
Hispanic 5.0% 4.3% -0.7% -109
White 2.4% 2.2% -0.3% -143
Black 6.7% 5.8% -0.9% -84
Other 4.1% 3.7% -0.4% -29
Country of Birth
U.S. 2.8% 2.4% -0.4% -236
Foreign 5.9% 5.3% -0.7% -130
Age
60-69 4.4% 3.8% -0.6% -152
70-79 3.1% 2.7% -0.4% -130
80-89 3.2% 2.8% -0.4% -79
90+ 2.9% 2.9% -0.1% -4
Marital Status
Married 1.3% 1.1% -0.1% -48
Divorced 5.2% 4.5% -0.7% -119
Widowed 3.9% 3.3% -0.6% -89
Never Married 9.6% 8.6% -1.0% -108
Education
Graduate 1.3% 1.1% -0.2% -24
Bachelor 1.4% 1.2% -0.2% -45
Associate 2.6% 2.2% -0.4% -71
High School 5.0% 4.4% -0.5% -148
Less than 12 Yrs 8.8% 7.8% -1.0% -77
Official Poverty
Above poverty 0.0% 0.0% 0.0%
In poverty 100.0% 87.9% -12.1% -369
Household Income Quintile
$200,444+ 0.1% 0.1% 0.0% -2
$103,985 - $200,444 0.1% 0.1% 0.0% -2
$60,527 - $103,985 0.2% 0.2% 0.0% 0
$33,157 - $60,527 0.4% 0.3% -0.1% -11
$0-$33,157 16.7% 14.7% -2.0% -351
Current Law Benefit Type
Retired worker 3.5% 3.0% -0.4% -291
Widow(er) 3.1% 2.7% -0.4% -50
Spouse 3.3% 2.8% -0.5% -27
Disabled worker 5.5% 5.6%
Source: SSA/Office of Retirement Policy, using MINT 7 Run: 03/09/2015 Ref #: SSAB0714v1
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Table 3. Poverty, 2050: Voluntary Individual Add-on Accounts vs. Payable
POPULATION: current law beneficiaries aged 60+
Characteristic Poverty Rate Population Change (thousands)
Payable Option Change
Total 7.0% 3.1% -3.9% -3,417
Sex
Female 8.2% 3.7% -4.5% -2,083
Male 5.6% 2.4% -3.2% -1,334
Ethnicity/Race
Hispanic 9.4% 4.3% -5.1% -819
White 5.2% 2.2% -3.0% -1,635
Black 13.0% 5.8% -7.3% -691
Other 7.4% 3.7% -3.8% -271
Country of Birth
U.S. 6.1% 2.4% -3.7% -2,498
Foreign 9.9% 5.3% -4.6% -918
Age
60-69 8.1% 3.8% -4.3% -1,098
70-79 6.6% 2.7% -3.9% -1,243
80-89 6.6% 2.8% -3.8% -832
90+ 6.0% 2.9% -3.1% -242
Marital Status
Married 2.3% 1.1% -1.2% -537
Divorced 11.0% 4.5% -6.6% -1,094
Widowed 8.6% 3.3% -5.3% -816
Never Married 17.6% 8.6% -9.0% -968
Education
Graduate 2.2% 1.1% -1.1% -126
Bachelor 2.9% 1.2% -1.7% -346
Associate 5.9% 2.2% -3.7% -732
High School 9.8% 4.4% -5.4% -1,540
Less than 12 Yrs 16.2% 7.8% -8.4% -671
Official Poverty
Above poverty 3.6% 0.0% -3.6% -3,047
In poverty 100.0% 87.9% -12.1% -369
Household Income Quintile
$200,444+ 0.2% 0.1% -0.1% -10
$103,985 - $200,444 0.2% 0.1% -0.1% -17
$60,527 - $103,985 0.5% 0.2% -0.3% -51
$33,157 - $60,527 1.2% 0.3% -0.9% -162
$0-$33,157 32.8% 14.7% -18.1% -3,176
Current Law Benefit Type
Retired worker 6.5% 3.0% -3.5% -2,289
Widow(er) 8.1% 2.7% -5.4% -679
Spouse 6.9% 2.8% -4.1% -231
Disabled worker 11.5% 5.6% -5.9% -216
Source: SSA/Office of Retirement Policy, using MINT 7 Run: 03/09/2015 Ref #: SSAB0714v1
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Table 4. Beneficiary characteristics, 2050: Voluntary Individual Add-on Accounts vs. Scheduled
POPULATION: current law beneficiaries aged 60+
Characteristic All beneficiaries Affected beneficiaries Beneficiaries with lower benefits Beneficiaries with higher benefits
Number (thousands) Percent Number (thousands) Percent Number (thousands) Percent Number (thousands) Percent
Total 87,563 100.0 76,290 100.0 . . . . . . 76,290 100.0
Sex
Female 46,454 53.1 39,644 52.0 . . . . . . 39,644 52.0
Male 41,108 46.9 36,646 48.0 . . . . . . 36,646 48.0
Ethnicity/Race
Hispanic 16,087 18.4 14,038 18.4 . . . . . . 14,038 18.4
White 54,725 62.5 47,561 62.3 . . . . . . 47,561 62.3
Black 9,521 10.9 8,191 10.7 . . . . . . 8,191 10.7
Other 7,231 8.3 6,501 8.5 . . . . . . 6,501 8.5
Country of Birth
U.S. 67,665 77.3 58,676 76.9 . . . . . . 58,676 76.9
Foreign 19,898 22.7 17,614 23.1 . . . . . . 17,614 23.1
Age
60-69 25,830 29.5 20,917 27.4 . . . . . . 20,917 27.4
70-79 32,047 36.6 30,861 40.5 . . . . . . 30,861 40.5
80-89 21,891 25.0 20,364 26.7 . . . . . . 20,364 26.7
90+ 7,795 8.9 4,148 5.4 . . . . . . 4,148 5.4
Marital Status
Married 44,755 51.1 39,527 51.8 . . . . . . 39,527 51.8
Divorced 16,656 19.0 14,683 19.2 . . . . . . 14,683 19.2
Widowed 15,365 17.5 12,766 16.7 . . . . . . 12,766 16.7
Never Married 10,786 12.3 9,314 12.2 . . . . . . 9,314 12.2
Education
Graduate 11,012 12.6 9,877 12.9 . . . . . . 9,877 12.9
Bachelor 20,209 23.1 18,286 24.0 . . . . . . 18,286 24.0
Associate 19,742 22.5 17,197 22.5 . . . . . . 17,197 22.5
High School 28,574 32.6 24,196 31.7 . . . . . . 24,196 31.7
Less than 12 Yrs 8,026 9.2 6,735 8.8 . . . . . . 6,735 8.8
Official Poverty
Above poverty 84,498 96.5 73,937 96.9 . . . . . . 73,937 96.9
In poverty 3,064 3.5 2,353 3.1 . . . . . . 2,353 3.1
Household Income Quintile
$200,444+ 17,512 20.0 15,757 20.7 . . . . . . 15,757 20.7
$103,985 - $200,444 17,512 20.0 15,736 20.6 . . . . . . 15,736 20.6
$60,527 - $103,985 17,514 20.0 15,545 20.4 . . . . . . 15,545 20.4
$33,157 - $60,527 17,511 20.0 14,934 19.6 . . . . . . 14,934 19.6
$0-$33,157 17,513 20.0 14,318 18.8 . . . . . . 14,318 18.8
Current Law Benefit Type
Retired worker 65,687 75.0 62,508 81.9 . . . . . . 62,508 81.9
Widow(er) 12,506 14.3 9,721 12.7 . . . . . . 9,721 12.7
Spouse 5,677 6.5 4,061 5.3 . . . . . . 4,061 5.3
Disabled worker 3,693 4.2 . . . . . . . . . . . . . . . . . .
Source: SSA/Office of Retirement Policy, using MINT 7 Run: 03/09/2015 Ref #: SSAB0714v1
Note: . . . = not applicable.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Table 4. Beneficiary characteristics, 2050: Voluntary Individual Add-on Accounts vs. Payable
POPULATION: current law beneficiaries aged 60+
Characteristic All beneficiaries Affected beneficiaries Beneficiaries with lower benefits Beneficiaries with higher benefits
Number (thousands) Percent Number (thousands) Percent Number (thousands) Percent Number (thousands) Percent
Total 87,563 100.0 87,563 100.0 . . . . . . 87,563 100.0
Sex
Female 46,454 53.1 46,454 53.1 . . . . . . 46,454 53.1
Male 41,108 46.9 41,108 46.9 . . . . . . 41,108 46.9
Ethnicity/Race
Hispanic 16,087 18.4 16,087 18.4 . . . . . . 16,087 18.4
White 54,725 62.5 54,725 62.5 . . . . . . 54,725 62.5
Black 9,521 10.9 9,521 10.9 . . . . . . 9,521 10.9
Other 7,231 8.3 7,231 8.3 . . . . . . 7,231 8.3
Country of Birth
U.S. 67,665 77.3 67,665 77.3 . . . . . . 67,665 77.3
Foreign 19,898 22.7 19,898 22.7 . . . . . . 19,898 22.7
Age
60-69 25,830 29.5 25,830 29.5 . . . . . . 25,830 29.5
70-79 32,047 36.6 32,047 36.6 . . . . . . 32,047 36.6
80-89 21,891 25.0 21,891 25.0 . . . . . . 21,891 25.0
90+ 7,795 8.9 7,795 8.9 . . . . . . 7,795 8.9
Marital Status
Married 44,755 51.1 44,755 51.1 . . . . . . 44,755 51.1
Divorced 16,656 19.0 16,656 19.0 . . . . . . 16,656 19.0
Widowed 15,365 17.5 15,365 17.5 . . . . . . 15,365 17.5
Never Married 10,786 12.3 10,786 12.3 . . . . . . 10,786 12.3
Education
Graduate 11,012 12.6 11,012 12.6 . . . . . . 11,012 12.6
Bachelor 20,209 23.1 20,209 23.1 . . . . . . 20,209 23.1
Associate 19,742 22.5 19,742 22.5 . . . . . . 19,742 22.5
High School 28,574 32.6 28,574 32.6 . . . . . . 28,574 32.6
Less than 12 Yrs 8,026 9.2 8,026 9.2 . . . . . . 8,026 9.2
Official Poverty
Above poverty 84,498 96.5 84,498 96.5 . . . . . . 84,498 96.5
In poverty 3,064 3.5 3,064 3.5 . . . . . . 3,064 3.5
Household Income Quintile
$200,444+ 17,512 20.0 17,512 20.0 . . . . . . 17,512 20.0
$103,985 - $200,444 17,512 20.0 17,512 20.0 . . . . . . 17,512 20.0
$60,527 - $103,985 17,514 20.0 17,514 20.0 . . . . . . 17,514 20.0
$33,157 - $60,527 17,511 20.0 17,511 20.0 . . . . . . 17,511 20.0
$0-$33,157 17,513 20.0 17,513 20.0 . . . . . . 17,513 20.0
Current Law Benefit Type
Retired worker 65,687 75.0 65,687 75.0 . . . . . . 65,687 75.0
Widow(er) 12,506 14.3 12,506 14.3 . . . . . . 12,506 14.3
Spouse 5,677 6.5 5,677 6.5 . . . . . . 5,677 6.5
Disabled worker 3,693 4.2 3,693 4.2 . . . . . . 3,693 4.2
Source: SSA/Office of Retirement Policy, using MINT 7 Run: 03/09/2015 Ref #: SSAB0714v1
Note: . . . = not applicable.
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Table 5. Beneficiary Status, 2050: Voluntary Individual Add-on Accounts vs. Scheduled (in thousands)
POPULATION: current law or option beneficiaries aged 60+
Characteristic Current Law Beneficiaries Changes in beneficiary status under proposed option Policy Option Beneficiaries
Added Removed Net Change
Total 87,563 0 89,593
Sex
Female 46,454 0 47,700
Male 41,108 0 41,893
Ethnicity/Race
Hispanic 16,087 0 16,548
White 54,725 0 55,501
Black 9,521 0 9,792
Other 7,231 0 7,753
Country of Birth
U.S. 67,665 0 68,291
Foreign 19,898 0 21,302
Age
60-69 25,830 0 26,857
70-79 32,047 0 32,734
80-89 21,891 0 22,168
90+ 7,795 0 7,834
Marital Status
Married 44,755 0 45,490
Divorced 16,656 0 16,972
Widowed 15,365 0 15,822
Never Married 10,786 0 11,310
Education
Graduate 11,012 0 11,206
Bachelor 20,209 0 20,591
Associate 19,742 0 20,003
High School 28,574 0 29,188
Less than 12 Yrs 8,026 0 8,606
Official Poverty
Above poverty 84,498 0 85,415
In poverty 3,064 0 4,178
Household Income Quintile
$200,444+ 17,512 0 17,723
$103,985 - $200,444 17,512 0 17,732
$60,527 - $103,985 17,514 0 17,710
$33,157 - $60,527 17,511 0 17,681
$0-$33,157 17,513 0 18,748
Current Law Benefit Type
Retired worker 65,687 0 0 65,687
Widow(er) 12,506 0 0 12,506
Spouse 5,677 0 0 5,677
Disabled worker 3,693 0 0 3,693
None 0 0 2,030
Source: SSA/Office of Retirement Policy, using MINT 7 Run: 03/09/2015 Ref #: SSAB0714v1
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.
Table 5. Beneficiary Status, 2050: Voluntary Individual Add-on Accounts vs. Payable (in thousands)
POPULATION: current law or option beneficiaries aged 60+
Characteristic Current Law Beneficiaries Changes in beneficiary status under proposed option Policy Option Beneficiaries
Added Removed Net Change
Total 87,563 0 89,593
Sex
Female 46,454 0 47,700
Male 41,108 0 41,893
Ethnicity/Race
Hispanic 16,087 0 16,548
White 54,725 0 55,501
Black 9,521 0 9,792
Other 7,231 0 7,753
Country of Birth
U.S. 67,665 0 68,291
Foreign 19,898 0 21,302
Age
60-69 25,830 0 26,857
70-79 32,047 0 32,734
80-89 21,891 0 22,168
90+ 7,795 0 7,834
Marital Status
Married 44,755 0 45,490
Divorced 16,656 0 16,972
Widowed 15,365 0 15,822
Never Married 10,786 0 11,310
Education
Graduate 11,012 0 11,206
Bachelor 20,209 0 20,591
Associate 19,742 0 20,003
High School 28,574 0 29,188
Less than 12 Yrs 8,026 0 8,606
Official Poverty
Above poverty 84,498 0 85,415
In poverty 3,064 0 4,178
Household Income Quintile
$200,444+ 17,512 0 17,723
$103,985 - $200,444 17,512 0 17,732
$60,527 - $103,985 17,514 0 17,710
$33,157 - $60,527 17,511 0 17,681
$0-$33,157 17,513 0 18,748
Current Law Benefit Type
Retired worker 65,687 0 0 65,687
Widow(er) 12,506 0 0 12,506
Spouse 5,677 0 0 5,677
Disabled worker 3,693 0 0 3,693
None 0 0 2,030
Source: SSA/Office of Retirement Policy, using MINT 7 Run: 03/09/2015 Ref #: SSAB0714v1
Providing these estimates does not imply SSA support for the proposal, nor is SSA responsible for any interpretations of these estimates.