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 2070

Table 1. Individual benefit changes, 2070: 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% 94% 0% 100%
Sex
Female 0% 94% 0% 100%
Male 0% 94% 0% 100%
Ethnicity/Race
Hispanic 0% 91% 0% 100%
White 0% 96% 0% 100%
Black 0% 93% 0% 100%
Other 0% 95% 0% 100%
Country of Birth
U.S. 0% 95% 0% 100%
Foreign 0% 93% 0% 100%
Age
60-69 0% 82% 0% 100%
70-79 0% 99% 0% 100%
80-89 0% 99% 0% 100%
90+ 0% 98% 0% 100%
Marital Status
Married 0% 93% 0% 100%
Divorced 0% 94% 0% 100%
Widowed 0% 97% 0% 100%
Never Married 0% 93% 0% 100%
Education
Graduate 0% 97% 0% 100%
Bachelor 0% 97% 0% 100%
Associate 0% 94% 0% 100%
High School 0% 92% 0% 100%
Less than 12 Yrs 0% 90% 0% 100%
Official Poverty
Above poverty 0% 94% 0% 100%
In poverty 0% 90% 0% 100%
Household Income Quintile
$221,317+ 0% 96% 0% 100%
$116,305 - $221,317 0% 95% 0% 100%
$67,516 - $116,305 0% 95% 0% 100%
$36,533 - $67,516 0% 93% 0% 100%
$0-$36,533 0% 92% 0% 100%
Current Law Benefit Type
Retired worker 0% 100% 0% 100%
Widow(er) 0% 94% 0% 100%
Spouse 0% 87% 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, 2070: 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
$221,317+ 0% 100% 0% 100%
$116,305 - $221,317 0% 100% 0% 100%
$67,516 - $116,305 0% 100% 0% 100%
$36,533 - $67,516 0% 100% 0% 100%
$0-$36,533 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, 2070: 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% 90% 0% 94%
Sex
Female 0% 90% 0% 93%
Male 0% 89% 0% 94%
Ethnicity/Race
Hispanic 0% 87% 0% 93%
White 0% 92% 0% 95%
Black 0% 88% 0% 95%
Other 0% 85% 0% 89%
Country of Birth
U.S. 0% 91% 0% 95%
Foreign 0% 85% 0% 90%
Age
60-69 0% 79% 0% 94%
70-79 0% 95% 0% 95%
80-89 0% 94% 0% 95%
90+ 0% 85% 0% 86%
Marital Status
Married 0% 91% 0% 94%
Divorced 0% 89% 0% 95%
Widowed 0% 89% 0% 92%
Never Married 0% 87% 0% 93%
Education
Graduate 0% 91% 0% 93%
Bachelor 0% 92% 0% 94%
Associate 0% 91% 0% 95%
High School 0% 88% 0% 94%
Less than 12 Yrs 0% 84% 0% 91%
Official Poverty
Above poverty 0% 90% 0% 94%
In poverty 1% 81% 1% 89%
Household Income Quintile
$221,317+ 0% 77% 0% 79%
$116,305 - $221,317 0% 91% 0% 95%
$67,516 - $116,305 0% 94% 0% 98%
$36,533 - $67,516 0% 94% 0% 99%
$0-$36,533 0% 92% 0% 99%
Current Law Benefit Type
Retired worker 0% 94% 0% 94%
Widow(er) 0% 87% 0% 92%
Spouse 0% 92% 0% 93%
Disabled worker 0% 0% 13% . . . . . .
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, 2070: 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% 99% 0% 99%
Sex
Female 0% 99% 0% 99%
Male 0% 99% 0% 99%
Ethnicity/Race
Hispanic 0% 99% 0% 99%
White 0% 99% 0% 99%
Black 0% 99% 0% 99%
Other 0% 98% 0% 98%
Country of Birth
U.S. 0% 99% 0% 99%
Foreign 0% 98% 0% 98%
Age
60-69 0% 99% 0% 99%
70-79 0% 99% 0% 99%
80-89 0% 99% 0% 99%
90+ 0% 97% 0% 97%
Marital Status
Married 0% 99% 0% 99%
Divorced 0% 99% 0% 99%
Widowed 0% 98% 0% 98%
Never Married 0% 98% 0% 98%
Education
Graduate 0% 99% 0% 99%
Bachelor 0% 99% 0% 99%
Associate 0% 99% 0% 99%
High School 0% 99% 0% 99%
Less than 12 Yrs 0% 98% 0% 98%
Official Poverty
Above poverty 0% 99% 0% 99%
In poverty 5% 87% 5% 87%
Household Income Quintile
$221,317+ 0% 95% 0% 96%
$116,305 - $221,317 0% 100% 0% 100%
$67,516 - $116,305 0% 100% 0% 100%
$36,533 - $67,516 0% 100% 0% 100%
$0-$36,533 1% 99% 0% 99%
Current Law Benefit Type
Retired worker 0% 99% 0% 99%
Widow(er) 0% 99% 0% 99%
Spouse 0% 98% 0% 99%
Disabled worker 0% 98% . . . . . .
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, 2070: Voluntary Individual Add-on Accounts vs. Scheduled
POPULATION: current law beneficiaries aged 60+
Characteristic Poverty Rate Population Change (thousands)
Scheduled Option Change
Total 2.1% 1.8% -0.3% -327
Sex
Female 2.4% 2.1% -0.4% -196
Male 1.8% 1.5% -0.3% -130
Ethnicity/Race
Hispanic 2.9% 2.4% -0.5% -110
White 1.4% 1.2% -0.2% -123
Black 4.2% 3.5% -0.7% -70
Other 2.3% 2.0% -0.2% -23
Country of Birth
U.S. 1.6% 1.3% -0.3% -209
Foreign 3.9% 3.4% -0.5% -117
Age
60-69 2.4% 2.1% -0.3% -83
70-79 2.0% 1.7% -0.4% -142
80-89 2.1% 1.8% -0.3% -83
90+ 1.6% 1.4% -0.2% -17
Marital Status
Married 0.7% 0.6% -0.1% -50
Divorced 2.6% 2.2% -0.4% -78
Widowed 1.9% 1.5% -0.4% -59
Never Married 5.3% 4.5% -0.8% -138
Education
Graduate 0.8% 0.5% -0.2% -30
Bachelor 0.8% 0.7% -0.1% -28
Associate 1.5% 1.2% -0.2% -48
High School 2.9% 2.5% -0.4% -127
Less than 12 Yrs 5.5% 4.7% -0.9% -91
Official Poverty
Above poverty 0.0% 0.0% 0.0% 0
In poverty 100.0% 84.5% -15.5% -327
Household Income Quintile
$221,317+ 0.0% 0.0% 0.0% 0
$116,305 - $221,317 0.0% 0.0% 0.0% 0
$67,516 - $116,305 0.0% 0.0% 0.0% -2
$36,533 - $67,516 0.2% 0.2% 0.0% -3
$0-$36,533 10.3% 8.7% -1.6% -321
Current Law Benefit Type
Retired worker 2.2% 1.8% -0.4% -284
Widow(er) 1.4% 1.2% -0.2% -27
Spouse 1.9% 1.7% -0.3% -14
Disabled worker 3.2% 3.2% 0.0% 0
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, 2070: Voluntary Individual Add-on Accounts vs. Payable
POPULATION: current law beneficiaries aged 60+
Characteristic Poverty Rate Population Change (thousands)
Payable Option Change
Total 4.7% 1.8% -2.9% -2,862
Sex
Female 5.3% 2.1% -3.2% -1,675
Male 4.0% 1.5% -2.5% -1,186
Ethnicity/Race
Hispanic 6.3% 2.4% -3.9% -918
White 3.2% 1.2% -2.0% -1,129
Black 9.0% 3.5% -5.5% -547
Other 4.8% 2.0% -2.8% -266
Country of Birth
U.S. 3.9% 1.3% -2.6% -2,010
Foreign 7.2% 3.4% -3.9% -851
Age
60-69 4.9% 2.1% -2.8% -781
70-79 4.5% 1.7% -2.8% -1,061
80-89 4.9% 1.8% -3.1% -779
90+ 4.0% 1.4% -2.7% -240
Marital Status
Married 1.5% 0.6% -0.8% -388
Divorced 6.1% 2.2% -3.9% -790
Widowed 5.2% 1.5% -3.6% -551
Never Married 10.8% 4.5% -6.3% -1,131
Education
Graduate 1.6% 0.5% -1.1% -150
Bachelor 1.7% 0.7% -1.0% -226
Associate 3.7% 1.2% -2.4% -518
High School 6.6% 2.5% -4.1% -1,309
Less than 12 Yrs 11.0% 4.7% -6.3% -657
Official Poverty
Above poverty 2.6% 0.0% -2.6% -2,538
In poverty 99.8% 84.5% -15.4% -323
Household Income Quintile
$221,317+ 0.0% 0.0% 0.0% -4
$116,305 - $221,317 0.1% 0.0% -0.1% -10
$67,516 - $116,305 0.2% 0.0% -0.1% -27
$36,533 - $67,516 0.7% 0.2% -0.6% -110
$0-$36,533 22.3% 8.7% -13.6% -2,709
Current Law Benefit Type
Retired worker 4.6% 1.8% -2.8% -2,140
Widow(er) 4.5% 1.2% -3.2% -442
Spouse 4.0% 1.7% -2.4% -130
Disabled worker 6.8% 3.2% -3.7% -148
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, 2070: 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 99,367 100.0 93,586 100.0 . . . . . . 93,586 100.0
Sex
Female 51,669 52.0 48,680 52.0 . . . . . . 48,680 52.0
Male 47,698 48.0 44,907 48.0 . . . . . . 44,907 48.0
Ethnicity/Race
Hispanic 23,798 23.9 21,720 23.2 . . . . . . 21,720 23.2
White 55,862 56.2 53,413 57.1 . . . . . . 53,413 57.1
Black 10,043 10.1 9,295 9.9 . . . . . . 9,295 9.9
Other 9,664 9.7 9,158 9.8 . . . . . . 9,158 9.8
Country of Birth
U.S. 77,479 78.0 73,225 78.2 . . . . . . 73,225 78.2
Foreign 21,888 22.0 20,362 21.8 . . . . . . 20,362 21.8
Age
60-69 28,040 28.2 22,903 24.5 . . . . . . 22,903 24.5
70-79 37,436 37.7 37,196 39.7 . . . . . . 37,196 39.7
80-89 24,883 25.0 24,632 26.3 . . . . . . 24,632 26.3
90+ 9,008 9.1 8,855 9.5 . . . . . . 8,855 9.5
Marital Status
Married 45,743 46.0 42,723 45.7 . . . . . . 42,723 45.7
Divorced 20,504 20.6 19,376 20.7 . . . . . . 19,376 20.7
Widowed 15,160 15.3 14,766 15.8 . . . . . . 14,766 15.8
Never Married 17,960 18.1 16,721 17.9 . . . . . . 16,721 17.9
Education
Graduate 13,734 13.8 13,295 14.2 . . . . . . 13,295 14.2
Bachelor 22,043 22.2 21,408 22.9 . . . . . . 21,408 22.9
Associate 21,221 21.4 20,005 21.4 . . . . . . 20,005 21.4
High School 31,969 32.2 29,536 31.6 . . . . . . 29,536 31.6
Less than 12 Yrs 10,400 10.5 9,343 10.0 . . . . . . 9,343 10.0
Official Poverty
Above poverty 97,260 97.9 91,683 98.0 . . . . . . 91,683 98.0
In poverty 2,107 2.1 1,903 2.0 . . . . . . 1,903 2.0
Household Income Quintile
$221,317+ 19,874 20.0 19,128 20.4 . . . . . . 19,128 20.4
$116,305 - $221,317 19,873 20.0 18,842 20.1 . . . . . . 18,842 20.1
$67,516 - $116,305 19,873 20.0 18,787 20.1 . . . . . . 18,787 20.1
$36,533 - $67,516 19,870 20.0 18,543 19.8 . . . . . . 18,543 19.8
$0-$36,533 19,877 20.0 18,287 19.5 . . . . . . 18,287 19.5
Current Law Benefit Type
Retired worker 76,149 76.6 75,930 81.1 . . . . . . 75,930 81.1
Widow(er) 13,655 13.7 12,898 13.8 . . . . . . 12,898 13.8
Spouse 5,494 5.5 4,758 5.1 . . . . . . 4,758 5.1
Disabled worker 4,069 4.1 . . . . . . . . . . . . . . . . . .
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, 2070: 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 99,367 100.0 99,367 100.0 . . . . . . 99,367 100.0
Sex
Female 51,669 52.0 51,669 52.0 . . . . . . 51,669 52.0
Male 47,698 48.0 47,698 48.0 . . . . . . 47,698 48.0
Ethnicity/Race
Hispanic 23,798 23.9 23,798 23.9 . . . . . . 23,798 23.9
White 55,862 56.2 55,862 56.2 . . . . . . 55,862 56.2
Black 10,043 10.1 10,043 10.1 . . . . . . 10,043 10.1
Other 9,664 9.7 9,664 9.7 . . . . . . 9,664 9.7
Country of Birth
U.S. 77,479 78.0 77,479 78.0 . . . . . . 77,479 78.0
Foreign 21,888 22.0 21,888 22.0 . . . . . . 21,888 22.0
Age
60-69 28,040 28.2 28,040 28.2 . . . . . . 28,040 28.2
70-79 37,436 37.7 37,436 37.7 . . . . . . 37,436 37.7
80-89 24,883 25.0 24,883 25.0 . . . . . . 24,883 25.0
90+ 9,008 9.1 9,008 9.1 . . . . . . 9,008 9.1
Marital Status
Married 45,743 46.0 45,743 46.0 . . . . . . 45,743 46.0
Divorced 20,504 20.6 20,504 20.6 . . . . . . 20,504 20.6
Widowed 15,160 15.3 15,160 15.3 . . . . . . 15,160 15.3
Never Married 17,960 18.1 17,960 18.1 . . . . . . 17,960 18.1
Education
Graduate 13,734 13.8 13,734 13.8 . . . . . . 13,734 13.8
Bachelor 22,043 22.2 22,043 22.2 . . . . . . 22,043 22.2
Associate 21,221 21.4 21,221 21.4 . . . . . . 21,221 21.4
High School 31,969 32.2 31,969 32.2 . . . . . . 31,969 32.2
Less than 12 Yrs 10,400 10.5 10,400 10.5 . . . . . . 10,400 10.5
Official Poverty
Above poverty 97,260 97.9 97,260 97.9 . . . . . . 97,260 97.9
In poverty 2,107 2.1 2,107 2.1 . . . . . . 2,107 2.1
Household Income Quintile
$221,317+ 19,874 20.0 19,874 20.0 . . . . . . 19,874 20.0
$116,305 - $221,317 19,873 20.0 19,873 20.0 . . . . . . 19,873 20.0
$67,516 - $116,305 19,873 20.0 19,873 20.0 . . . . . . 19,873 20.0
$36,533 - $67,516 19,870 20.0 19,870 20.0 . . . . . . 19,870 20.0
$0-$36,533 19,877 20.0 19,877 20.0 . . . . . . 19,877 20.0
Current Law Benefit Type
Retired worker 76,149 76.6 76,149 76.6 . . . . . . 76,149 76.6
Widow(er) 13,655 13.7 13,655 13.7 . . . . . . 13,655 13.7
Spouse 5,494 5.5 5,494 5.5 . . . . . . 5,494 5.5
Disabled worker 4,069 4.1 4,069 4.1 . . . . . . 4,069 4.1
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, 2070: 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 99,367 0 101,963
Sex
Female 51,669 0 53,202
Male 47,698 0 48,760
Ethnicity/Race
Hispanic 23,798 0 24,548
White 55,862 0 56,773
Black 10,043 0 10,403
Other 9,664 0 10,239
Country of Birth
U.S. 77,479 0 78,478
Foreign 21,888 0 23,485
Age
60-69 28,040 0 29,363
70-79 37,436 0 38,238
80-89 24,883 0 25,258
90+ 9,008 0 9,103
Marital Status
Married 45,743 0 46,568
Divorced 20,504 0 20,947
Widowed 15,160 0 15,649
Never Married 17,960 0 18,798
Education
Graduate 13,734 0 14,026
Bachelor 22,043 0 22,460
Associate 21,221 0 21,520
High School 31,969 0 32,812
Less than 12 Yrs 10,400 0 11,145
Official Poverty
Above poverty 97,260 0 98,489
In poverty 2,107 0 3,473
Household Income Quintile
$221,317+ 19,874 0 20,216
$116,305 - $221,317 19,873 0 20,127
$67,516 - $116,305 19,873 0 20,150
$36,533 - $67,516 19,870 0 20,051
$0-$36,533 19,877 0 21,419
Current Law Benefit Type
Retired worker 76,149 0 0 76,149
Widow(er) 13,655 0 0 13,655
Spouse 5,494 0 0 5,494
Disabled worker 4,069 0 0 4,069
None 0 0 2,596
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, 2070: 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 99,367 0 101,963
Sex
Female 51,669 0 53,202
Male 47,698 0 48,760
Ethnicity/Race
Hispanic 23,798 0 24,548
White 55,862 0 56,773
Black 10,043 0 10,403
Other 9,664 0 10,239
Country of Birth
U.S. 77,479 0 78,478
Foreign 21,888 0 23,485
Age
60-69 28,040 0 29,363
70-79 37,436 0 38,238
80-89 24,883 0 25,258
90+ 9,008 0 9,103
Marital Status
Married 45,743 0 46,568
Divorced 20,504 0 20,947
Widowed 15,160 0 15,649
Never Married 17,960 0 18,798
Education
Graduate 13,734 0 14,026
Bachelor 22,043 0 22,460
Associate 21,221 0 21,520
High School 31,969 0 32,812
Less than 12 Yrs 10,400 0 11,145
Official Poverty
Above poverty 97,260 0 98,489
In poverty 2,107 0 3,473
Household Income Quintile
$221,317+ 19,874 0 20,216
$116,305 - $221,317 19,873 0 20,127
$67,516 - $116,305 19,873 0 20,150
$36,533 - $67,516 19,870 0 20,051
$0-$36,533 19,877 0 21,419
Current Law Benefit Type
Retired worker 76,149 0 0 76,149
Widow(er) 13,655 0 0 13,655
Spouse 5,494 0 0 5,494
Disabled worker 4,069 0 0 4,069
None 0 0 2,596
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.