Table 4: Ratio of Retirement Benefits Proposed under H.R. 2771 to Present Law OASI Benefit
Benefits Levels for Two-Earner Couples 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
|
|
Medium Earner, Low Earner
|
|
65
|
0.91
|
0.08
|
0.07
|
0.99
|
0.98
|
|
0.60
|
0.31
|
0.21
|
0.91
|
0.81
|
|
0.54
|
0.30
|
0.20
|
0.85
|
0.75
|
|
80
|
0.87
|
0.08
|
0.07
|
0.95
|
0.93
|
|
0.57
|
0.30
|
0.20
|
0.87
|
0.77
|
|
0.52
|
0.29
|
0.19
|
0.81
|
0.71
|
|
95
|
0.83
|
0.08
|
0.06
|
0.90
|
0.89
|
|
0.54
|
0.28
|
0.19
|
0.83
|
0.73
|
|
0.49
|
0.28
|
0.18
|
0.77
|
0.68
|
|
Medium Earner, Medium Earner
|
|
65
|
0.82
|
0.09
|
0.08
|
0.91
|
0.90
|
|
0.53
|
0.33
|
0.22
|
0.86
|
0.75
|
|
0.49
|
0.32
|
0.21
|
0.81
|
0.71
|
|
80
|
0.79
|
0.08
|
0.07
|
0.87
|
0.86
|
|
0.51
|
0.31
|
0.21
|
0.82
|
0.72
|
|
0.47
|
0.31
|
0.20
|
0.78
|
0.68
|
|
95
|
0.75
|
0.08
|
0.07
|
0.83
|
0.82
|
|
0.48
|
0.30
|
0.20
|
0.78
|
0.68
|
|
0.45
|
0.29
|
0.19
|
0.74
|
0.64
|
|
Medium Earner, High Earner
|
|
65
|
0.78
|
0.10
|
0.08
|
0.87
|
0.86
|
|
0.49
|
0.36
|
0.24
|
0.85
|
0.73
|
|
0.43
|
0.35
|
0.23
|
0.78
|
0.66
|
|
80
|
0.74
|
0.09
|
0.08
|
0.83
|
0.82
|
|
0.47
|
0.34
|
0.23
|
0.81
|
0.70
|
|
0.41
|
0.33
|
0.22
|
0.74
|
0.63
|
|
95
|
0.70
|
0.09
|
0.07
|
0.79
|
0.78
|
|
0.45
|
0.33
|
0.22
|
0.77
|
0.67
|
|
0.39
|
0.32
|
0.21
|
0.71
|
0.60
|
|
Comparison is made to Reduced Benefits Payable under Present Law
|
|
Medium Earner, Low Earner
|
|
65
|
0.91
|
0.08
|
0.07
|
0.99
|
0.98
|
|
0.82
|
0.43
|
0.29
|
1.25
|
1.11
|
|
0.80
|
0.44
|
0.30
|
1.24
|
1.10
|
|
80
|
0.87
|
0.08
|
0.07
|
0.95
|
0.93
|
|
0.82
|
0.43
|
0.29
|
1.25
|
1.11
|
|
0.79
|
0.44
|
0.29
|
1.23
|
1.08
|
|
95
|
1.14
|
0.10
|
0.09
|
1.24
|
1.22
|
|
0.82
|
0.43
|
0.28
|
1.24
|
1.10
|
|
0.78
|
0.43
|
0.29
|
1.21
|
1.07
|
|
Medium Earner, Medium Earner
|
|
65
|
0.82
|
0.09
|
0.08
|
0.91
|
0.90
|
|
0.73
|
0.45
|
0.30
|
1.18
|
1.03
|
|
0.73
|
0.47
|
0.31
|
1.20
|
1.04
|
|
80
|
0.79
|
0.08
|
0.07
|
0.87
|
0.86
|
|
0.73
|
0.46
|
0.30
|
1.19
|
1.04
|
|
0.72
|
0.46
|
0.31
|
1.18
|
1.03
|
|
95
|
1.03
|
0.11
|
0.09
|
1.14
|
1.12
|
|
0.73
|
0.45
|
0.30
|
1.18
|
1.03
|
|
0.71
|
0.46
|
0.31
|
1.17
|
1.02
|
|
Medium Earner, High Earner
|
|
65
|
0.78
|
0.10
|
0.08
|
0.87
|
0.86
|
|
0.68
|
0.49
|
0.33
|
1.17
|
1.01
|
|
0.63
|
0.51
|
0.34
|
1.14
|
0.97
|
|
80
|
0.74
|
0.09
|
0.08
|
0.83
|
0.82
|
|
0.68
|
0.49
|
0.33
|
1.17
|
1.01
|
|
0.62
|
0.51
|
0.34
|
1.13
|
0.96
|
|
95
|
0.97
|
0.12
|
0.10
|
1.09
|
1.07
|
|
0.67
|
0.49
|
0.33
|
1.16
|
1.00
|
|
0.62
|
0.50
|
0.33
|
1.11
|
0.95
|