INDEX A Actuarial balance 10, 16, 49, 157, 170 Actuarial deficit 4, 16, 23, 65, 200 Actuarial estimates, LR 49 Actuarial estimates, SR 39 Adjusted program amounts 108 Administrative expenses 6, 36, 50, 144, 148, 164, 201, 209 Advance tax transfers 60, 150 Amendments 38 Annual balance 21, 49, 70 Asset reserves 2, 6, 9, 30, 164, 177, 195, 207 Assumptions 9, 75, 92, 108, 157, 170, 196, 201, 206, 216 Automatic cost-of-living benefit increase 43, 93, 108 Auxiliary benefits 118 Average benefits 142 Average earnings assumptions 95 Average indexed monthly earnings (AIME) 111 Average wage index 108, 206 Award 119 B Baby-boom generation 3, 23, 50, 56, 101, 126 Bend points 111 Beneficiaries, DI 125 Beneficiary 13, 43, 56, 75, 109, 160, 171, 201, 209, 216 Beneficiary, OASI 119 Benefit payments 6, 50, 142, 148, 164 Benefit termination 8 Best estimate 8, 23, 39, 75 Board of Trustees 39, 92, 146 C Constant dollars 211 Consumer Price Index 93, 175, 206, 221 Contribution and benefit base 42, 96, 109, 221 Contributions 6, 146, 164, 195, 201, 209, 220 Cost 3, 45 Cost rate 4, 11, 50, 195 Cost-of-living adjustment 108 Covered earnings 6, 108, 205 Covered employment 8, 42, 95, 116, 146, 174 Covered worker 58, 116, 173 Creditable earnings 223 Current dollars 206 Current-payment status 45, 130, 132, 133, 221 D Deemed wage credit 50 Delayed retirement credit 115 Demographic assumptions 8, 21, 39, 76, 101, 108, 157, 207, 220 Deterministic model 181, 190 DI beneficiaries 125 Disability 146, 173, 216 Disability conversion ratio 131 Disability incidence rate 75, 126, 128, 173, 178, 220 Disability Insurance Trust Fund 222 Disability prevalence rate 133, 135 Disability termination rate 178 Disabled-worker benefit 129, 223 Disbursements 26, 28, 31, 32, 34, 39, 164, 165, 166, 217, 219 E Earnings 2, 6, 42, 50, 95, 109, 146, 158, 195, 205, 206, 220 Earnings test 96, 109, 221 Economic assumptions 8, 21, 39, 47, 92, 101, 108, 157, 207, 220 Excess wages 50, 206 Expenditures 6, 8, 30, 37, 39, 148, 224 F Federal Insurance Contributions Act 195, 230 Fertility assumptions 76 Financial interchange 6, 145, 148 Fiscal year 80, 150, 163 Full advance funding 225 G General Fund of the Treasury 41, 43, 44, 46, 150, 152, 154, 167, 168, 169, 220 General fund reimbursement 225 Gross domestic product 4, 10, 55, 75, 93, 103, 201 Gross domestic product projections 103 H High-cost assumptions 8, 18, 39, 40, 51, 75, 92, 129, 170, 188, 196, 201, 206, 220 Hospital Insurance program 139, 195, 228 Hospital Insurance Trust Fund 201 I Immigration 8, 75, 76, 79, 84, 173, 181, 220, 226 Immigration assumptions 79 Income rate 4, 11, 50, 195 Infinite horizon 10 Inflation 8, 75, 93, 206, 220 Inflation assumptions 93 Insured population 8, 117 Insured status 113 Interest 42, 104, 147, 157, 164, 197, 220 Interest rate 75, 157, 177, 220 Interest rate projections 104 Interest rates 8 Interfund borrowing 150, 227 Intermediate assumptions 8, 39, 43, 51, 75, 129, 170, 197, 201, 206, 210, 211, 212, 216, 220 L Labor force projections 100 Legal immigration 80, 85, 227 Life expectancy 3, 23, 75, 88, 100, 227 Life expectancy estimates 88 Long range 10, 49, 76, 120, 157, 195, 201 Low-cost assumptions 8, 18, 39, 51, 75, 92, 129, 170, 188, 196, 206, 220 Lump-sum death payment 142 M Medicare 77, 228 Military service 41, 44, 46, 50, 145, 146, 150, 152, 154, 167, 168, 169 N National average wage index 108, 206 Normal retirement age 109, 125, 143, 223 O OASI beneficiaries 119 Old-Age and Survivors Insurance Trust Fund 146, 222 Old-law base 113 Other immigration 80, 173, 229 P Par value 147 Partial advance funding 229 Pay-as-you-go financing 157 Payroll taxes 2, 108, 136, 160, 170, 191, 195, 209 Population estimates 86 Population in the Social Security area 42, 59, 86, 116, 173 Present value 157 Primary insurance amount (PIA) 111 Productivity assumptions 93 Q Quarters of coverage 117 R Railroad Retirement 50, 64, 113, 145, 148, 164, 165, 166, 195, 201, 209, 222 Reallocation of tax rates 231 Real-wage differential 98, 174 Recession 11, 42 Retired-worker benefit 120, 173, 216 Retirement age 109, 143, 223 Retirement earnings test 96, 109 Retirement eligibility age 173 S Scenario-based model 231 Scheduled benefits 176, 201, 209, 218, 231 scheduled benefits 40 Self-employment 50, 94, 196, 230 Self-Employment Contributions Act 230, 231 Sensitivity analysis 170 Short range 9, 39, 119 Social Security Act 108, 147, 206, 216, 222 Social Security amendments 38 Solvency 232 Special public-debt obligation 107, 147, 177 Stochastic projections 181 Substantial gainful activity 125, 223 Summarized balance 202 Summarized income and cost rates 64, 157, 170, 199, 220 Supplemental Security Income 164 Supplementary Medical Insurance program 195, 228 Survivor benefit 2, 7, 123, 221 Sustainable solvency 60, 61 T Taxable earnings 42, 59, 109, 158, 221 Taxable payroll 4, 23, 50, 94, 117, 157, 171, 195, 201, 206, 222 Taxable self-employment income 233 Taxable wages 141, 196, 233 Taxation of benefits 6, 141, 201, 209, 226 Taxes 6, 108, 196 Termination 75 Termination rate 8, 120, 178, 220 Test of short-range financial adequacy 40, 231 Total fertility rate 76, 170 Trust fund financial operations 6, 26, 40, 146 Trust fund ratio 9, 39, 49, 60, 150, 167, 235 Trust fund reserves 39 U Unemployment projections 100 Unfunded obligation 4, 10, 16, 18, 49, 67, 68, 192, 193, 194, 229, 235, 236 Unnegotiated check 164 V Valuation period 16, 47, 49, 157, 170, 199, 220 Vocational rehabilitation 50, 148, 165, 201, 209, 218, 222 Y Year of depletion 11, 15, 49, 62
