INDEX A Actuarial balance 11, 16, 51, 164, 177 Actuarial deficit 4, 16, 23, 69, 208 Actuarial estimates, LR 51 Actuarial estimates, SR 40 Adjusted program amounts 114 Administrative expenses 7, 35, 52, 151, 155, 171, 209, 217 Advance tax transfers 40, 64, 157 Amendments 37 Annual balance 21, 51, 73 Asset reserves 2, 7, 10, 29, 171, 184, 203 Assumptions 10, 80, 98, 114, 164, 177, 204, 209, 214, 226 Automatic cost-of-living benefit increase 44, 99, 114 Auxiliary benefits 124 Average benefits 148 Average earnings assumptions 101 Average indexed monthly earnings (AIME) 117 Average wage index 114, 214 Award 126 B Baby-boom generation 4, 23, 53, 61, 107, 133 Bend points 117 Beneficiaries, DI 132 Beneficiary 13, 44, 61, 80, 115, 167, 178, 209, 217, 226 Beneficiary, OASI 125 Benefit payments 7, 52, 148, 155, 171 Benefit termination 9 Best estimate 9, 38, 80 Board of Trustees 38, 98, 153 C Constant dollars 219 Consumer Price Index 99, 182, 214, 231 Contribution and benefit base 43, 101, 115, 231 Contributions 7, 153, 171, 203, 209, 217, 230 Cost 2, 47 Cost rate 4, 52, 203 Cost-of-living adjustment 114 Covered earnings 7, 114, 213 Covered employment 9, 43, 101, 122, 153, 181 Covered worker 63, 179 Creditable earnings 233 Current dollars 214 Current-payment status 46, 137, 138, 139, 232 D Deemed wage credit 52 Delayed retirement credit 121 Demographic assumptions 9, 21, 38, 81, 107, 114, 164, 215, 230 Deterministic model 189, 198 DI beneficiaries 132 Disability 153, 180, 226 Disability conversion ratio 137 Disability incidence rate 80, 132, 135, 180, 186, 230 Disability Insurance Trust Fund 232 Disability prevalence rate 139, 141 Disability termination rate 187 Disabled-worker benefit 135, 234 Disbursements 25, 27, 28, 30, 31, 33, 38, 171, 172, 173, 227, 229 E Earnings 2, 7, 43, 52, 101, 115, 153, 165, 203, 213, 214, 230 Earnings test 102, 115, 231 Economic assumptions 9, 21, 38, 49, 98, 107, 114, 164, 215, 230 Excess wages 52, 214 Expenditures 7, 9, 29, 36, 38, 155, 235 F Federal Insurance Contributions Act 203, 240 Fertility assumptions 81 Financial interchange 7, 151, 155 Fiscal year 157, 170 Full advance funding 236 G General Fund of the Treasury 42, 44, 46, 48, 157, 159, 161, 174, 175, 176, 230 General fund reimbursement 236 Gross domestic product 4, 11, 58, 80, 99, 109, 209 Gross domestic product projections 109 H High-cost assumptions 9, 18, 38, 53, 80, 98, 136, 177, 197, 204, 210, 214, 231 Hospital Insurance program 145, 203, 239 Hospital Insurance Trust Fund 209 I Immigration 9, 80, 86, 180, 189, 230, 237 Immigration assumptions 86 Income rate 4, 12, 52, 203 Infinite horizon 11 Inflation 9, 80, 99, 214, 230 Inflation assumptions 99 Insured population 9, 123 Insured status 119 Interest 110, 154, 164, 171, 205, 230 Interest rate 80, 164, 184, 230 Interest rate projections 110 Interest rates 9 Interfund borrowing 157, 237 Intermediate assumptions 9, 38, 44, 53, 80, 135, 177, 205, 210, 214, 218, 219, 220, 226, 230 L Labor force projections 106 Lawful Permanent Resident (LPR) immigration 87 Legal immigration 238 Life expectancy 4, 23, 80, 95, 106, 238 Life expectancy estimates 94 Long range 11, 51, 81, 126, 164, 203, 209 Low-cost assumptions 9, 18, 38, 53, 80, 98, 136, 177, 197, 204, 214, 230 Lump-sum death payment 149 M Medicare 83, 239 Military service 52, 153, 157, 159, 161 N National average wage index 214 Normal retirement age 115, 132, 149, 234 O OASI beneficiaries 125 Old-Age and Survivors Insurance Trust Fund 153, 232 Old-law base 119 Other-than-LPR immigration 87 P Par value 155 Partial advance funding 240 Pay-as-you-go financing 164 Payroll taxes 2, 114, 142, 167, 199, 203, 217 Population estimates 92 Population in the Social Security area 43, 63, 92, 122, 180 Present value 164 Primary insurance amount (PIA) 117 Productivity assumptions 99 Q Quarters of coverage 123 R Railroad Retirement 52, 68, 119, 151, 155, 171, 172, 173, 203, 209, 217, 232 Reallocation of tax rates 241 Real-wage differential 104, 181 Retired-worker benefit 126, 179, 226 Retirement age 115, 149, 234 Retirement earnings test 101, 115 Retirement eligibility age 179 S Scenario-based model 242 Scheduled benefits 183, 209, 217, 228, 242 Self-employment 52, 100, 204, 240 Self-Employment Contributions Act 240, 242 Sensitivity analysis 177 Short range 10, 40, 126 Social Security Act 114, 154, 214, 226, 232 Social Security amendments 37 Solvency 242 Special public-debt obligation 113, 154, 184 Stochastic projections 189 Substantial gainful activity 132, 234 Summarized balance 210 Summarized income and cost rates 68, 164, 177, 207, 230 Supplemental Security Income 171 Supplementary Medical Insurance program 203, 239 Survivor benefit 2, 8, 129, 231 Sustainable solvency 64, 65 T Taxable earnings 43, 63, 115, 165, 231 Taxable payroll 4, 23, 52, 100, 123, 164, 178, 203, 209, 214, 233 Taxable ratio 185 Taxable self-employment income 244 Taxable wages 147, 204, 244 Taxation of benefits 7, 147, 209, 217, 237 Taxes 7, 114, 204 Termination 80 Termination rate 9, 126, 187, 230 Test of short-range financial adequacy 40, 41, 242 Total fertility rate 81, 177 Trust fund financial operations 7, 25, 41, 153 Trust fund ratio 10, 40, 51, 64, 157, 174, 246 Trust fund reserves 40 U Unemployment projections 106 Unfunded obligation 4, 11, 16, 18, 51, 71, 72, 200, 201, 202, 240, 246, 247 Unnegotiated check 171 V Valuation period 16, 49, 51, 164, 177, 207, 230 Vocational rehabilitation 52, 155, 172, 209, 217, 228, 233 Y Year of depletion 12, 15, 51, 66
