OASDI Financial Effects of the "Social Security Guarantee Plus Plan"

Table 2: Ratio of Retirement Benefits Proposed under H.R. 2771 to Present Law OASI Benefit

Benefits Levels for **Single Earners** Retiring at Age 65 with Various Scaled Pre-Retirement Earnings Levels^*

(Intermediate assumptions of the 2001 OASDI Trustees Report plus additional assumptions described in the accompanying memorandum)
Current Age (Assuming Retirement at Age 65)	Retirement in 2020					Retirement in 2050					Retirement in 2070
		IA Annuity Only		Total Benefit with IA Annuity			IA Annuity Only		Total Benefit with IA Annuity			IA Annuity Only		Total Benefit with IA Annuity
	OASI Benefit	Expected Yield	Bond Yield	Expected Yield	Bond Yield	OASI Benefit	Expected Yield	Bond Yield	Expected Yield	Bond Yield	OASI Benefit	Expected Yield	Bond Yield	Expected Yield	Bond Yield
Comparison is made to Benefits Scheduled to be Paid under Present Law
Low Earner
65	1.04	0.08	0.07	1.12	1.11	0.70	0.30	0.20	1.00	0.90	0.62	0.29	0.20	0.91	0.82
80	0.99	0.08	0.07	1.07	1.06	0.67	0.29	0.19	0.96	0.86	0.59	0.28	0.19	0.87	0.78
95	0.95	0.07	0.06	1.02	1.01	0.64	0.27	0.18	0.91	0.82	0.56	0.27	0.18	0.83	0.74
Medium Earner
65	0.81	0.10	0.08	0.91	0.89	0.52	0.35	0.24	0.88	0.76	0.49	0.34	0.23	0.83	0.72
80	0.78	0.09	0.08	0.87	0.85	0.50	0.34	0.22	0.84	0.72	0.47	0.33	0.22	0.79	0.68
95	0.74	0.09	0.07	0.83	0.81	0.48	0.32	0.21	0.80	0.69	0.44	0.31	0.21	0.75	0.65
High Earner
65	0.73	0.11	0.09	0.84	0.82	0.46	0.41	0.27	0.87	0.73	0.38	0.39	0.26	0.77	0.64
80	0.70	0.10	0.09	0.80	0.79	0.44	0.39	0.26	0.82	0.70	0.36	0.37	0.25	0.73	0.61
95	0.66	0.10	0.08	0.76	0.75	0.42	0.37	0.25	0.79	0.66	0.34	0.36	0.24	0.70	0.58
Comparison is made to Reduced Benefits Payable under Present Law
Low Earner
65	1.04	0.08	0.07	1.12	1.11	0.96	0.41	0.28	1.38	1.24	0.91	0.43	0.29	1.34	1.20
80	0.99	0.08	0.07	1.07	1.06	0.97	0.42	0.28	1.38	1.24	0.90	0.42	0.28	1.33	1.19
95	1.30	0.10	0.09	1.40	1.39	0.96	0.41	0.28	1.37	1.23	0.89	0.42	0.28	1.31	1.17
Medium Earner
65	0.81	0.10	0.08	0.91	0.89	0.72	0.48	0.32	1.20	1.04	0.72	0.50	0.33	1.22	1.05
80	0.78	0.09	0.08	0.87	0.85	0.72	0.49	0.32	1.21	1.05	0.71	0.50	0.33	1.21	1.04
95	1.02	0.12	0.10	1.13	1.12	0.72	0.48	0.32	1.20	1.04	0.70	0.49	0.33	1.19	1.03
High Earner
65	0.73	0.11	0.09	0.84	0.82	0.63	0.56	0.37	1.19	1.00	0.55	0.58	0.38	1.13	0.94
80	0.70	0.10	0.09	0.80	0.79	0.63	0.56	0.37	1.19	1.01	0.55	0.57	0.38	1.12	0.93
95	0.91	0.14	0.12	1.05	1.03	0.63	0.56	0.37	1.18	1.00	0.54	0.56	0.38	1.10	0.91