INDEX A Actuarial balance 11, 17, 54, 168, 182 Actuarial deficit 5, 17, 24, 73, 212 Actuarial estimates, LR 54 Actuarial estimates, SR 42 Adjusted program amounts 118 Administrative expenses 7, 38, 55, 155, 159, 176, 213, 221 Advance tax transfers 42, 68, 161 Amendments 40 Annual balance 22, 54, 78 Asset reserves 2, 7, 10, 30, 176, 189, 207 Assumptions 10, 84, 102, 118, 168, 182, 208, 213, 218, 230 Automatic cost-of-living benefit increase 47, 103, 118 Auxiliary benefits 128 Average benefits 152 Average earnings assumptions 105 Average indexed monthly earnings (AIME) 122 Average wage index 118, 218 Award 130 B Baby-boom generation 4, 24, 56, 64, 111, 137 Bend points 122 Beneficiaries, DI 136 Beneficiary 14, 47, 64, 84, 119, 171, 183, 213, 221, 230 Beneficiary, OASI 129 Benefit payments 7, 55, 152, 159, 176 Benefit termination 9 Best estimate 9, 42, 84 Board of Trustees 42, 102, 157 C Constant dollars 223 Consumer Price Index 103, 187, 218, 235 Contribution and benefit base 46, 105, 119, 235 Contributions 7, 157, 176, 207, 213, 221, 234 Cost 3, 49 Cost rate 4, 55, 207 Cost-of-living adjustment 118 Covered earnings 7, 118, 217 Covered employment 9, 46, 105, 126, 157, 186 Covered worker 66, 126, 184 Creditable earnings 237 Current dollars 218 Current-payment status 49, 141, 142, 143, 235 D Deemed wage credit 55 Delayed retirement credit 125 Demographic assumptions 9, 22, 42, 85, 111, 118, 168, 219, 234 Deterministic model 193, 202 DI beneficiaries 136 Disability 157, 185, 230 Disability conversion ratio 141 Disability incidence rate 84, 136, 139, 185, 190, 234 Disability Insurance Trust Fund 236 Disability prevalence rate 143, 145 Disability termination rate 190 Disabled-worker benefit 139, 238 Disbursements 26, 28, 29, 31, 33, 36, 42, 176, 177, 178, 231, 233 E Earnings 2, 7, 46, 55, 105, 119, 157, 169, 207, 217, 218, 234 Earnings test 105, 119, 235 Economic assumptions 9, 22, 42, 52, 102, 111, 118, 168, 219, 234 Excess wages 55, 218 Expenditures 7, 9, 30, 39, 42, 159, 238 F Federal Insurance Contributions Act 207, 244 Fertility assumptions 85 Financial interchange 7, 155, 159 Fiscal year 161, 175 Full advance funding 239 G General Fund of the Treasury 45, 47, 49, 51, 161, 163, 165, 179, 180, 181, 234 General fund reimbursement 240 Gross domestic product 5, 11, 61, 84, 103, 113, 213 Gross domestic product projections 113 H High-cost assumptions 9, 19, 42, 44, 56, 84, 102, 140, 182, 201, 208, 214, 218, 234 Hospital Insurance program 149, 207, 242 Hospital Insurance Trust Fund 213 I Immigration 9, 84, 90, 185, 193, 234, 240 Immigration assumptions 90 Income rate 4, 12, 55, 207 Infinite horizon 11 Inflation 9, 84, 103, 218, 234 Inflation assumptions 103 Insured population 9, 127 Insured status 123 Interest 46, 114, 158, 168, 176, 209, 234 Interest rate 84, 168, 189, 234 Interest rate projections 114 Interest rates 9 Interfund borrowing 161, 241 Intermediate assumptions 9, 42, 48, 56, 84, 139, 182, 209, 214, 218, 222, 223, 224, 230, 234 L Labor force projections 110 Legal immigration 91, 241 Life expectancy 4, 24, 84, 98, 110, 241 Life expectancy estimates 98 Long range 11, 54, 85, 130, 168, 207, 213 Low-cost assumptions 9, 19, 42, 56, 84, 102, 139, 182, 201, 208, 218, 234 Lump-sum death payment 153 M Medicare 86, 242 Military service 45, 49, 51, 55, 156, 157, 161, 163, 165, 179, 180, 181 N National average wage index 118, 218 Normal retirement age 119, 136, 153, 237 O OASI beneficiaries 129 Old-Age and Survivors Insurance Trust Fund 157, 236 Old-law base 123 Other immigration 90, 185, 243 P Par value 159 Partial advance funding 243 Pay-as-you-go financing 168 Payroll taxes 2, 118, 146, 171, 203, 207, 221 Population estimates 96 Population in the Social Security area 46, 67, 96, 126, 185 Present value 168 Primary insurance amount (PIA) 122 Productivity assumptions 103 Q Quarters of coverage 127 R Railroad Retirement 55, 72, 123, 155, 159, 176, 177, 178, 207, 213, 221, 236 Reallocation of tax rates 245 Real-wage differential 108, 186 Retired-worker benefit 130, 184, 230 Retirement age 119, 153, 237 Retirement earnings test 105, 119 Retirement eligibility age 184 S Scenario-based model 245 Scheduled benefits 188, 213, 221, 232, 245 scheduled benefits 43 Self-employment 55, 104, 208, 244 Self-Employment Contributions Act 244, 246 Sensitivity analysis 182 Short range 10, 42, 130 Social Security Act 118, 158, 218, 230, 236 Social Security amendments 40 Solvency 246 Special public-debt obligation 117, 158, 189 Stochastic projections 193 Substantial gainful activity 136, 238 Summarized balance 214 Summarized income and cost rates 72, 168, 182, 211, 234 Supplemental Security Income 176 Supplementary Medical Insurance program 207, 242 Survivor benefit 2, 8, 133, 235 Sustainable solvency 68, 69 T Taxable earnings 46, 67, 119, 169, 235 Taxable payroll 5, 24, 55, 104, 127, 168, 183, 207, 213, 218, 236 Taxable self-employment income 248 Taxable wages 151, 208, 248 Taxation of benefits 7, 151, 213, 221, 240 Taxes 7, 118, 208 Termination 84 Termination rate 9, 130, 190, 234 Test of short-range financial adequacy 43, 44, 246 Total fertility rate 85, 182 Trust fund financial operations 7, 26, 43, 157 Trust fund ratio 10, 42, 54, 68, 161, 179, 250 Trust fund reserves 42 U Unemployment projections 110 Unfunded obligation 5, 11, 17, 19, 54, 75, 76, 204, 205, 206, 243, 250, 251 Unnegotiated check 176 V Valuation period 17, 52, 54, 168, 182, 211, 234 Vocational rehabilitation 55, 159, 177, 213, 221, 232, 236 Y Year of depletion 12, 16, 54, 70
