INDEX A Actuarial balance 10, 15, 47, 159, 172 Actuarial deficit 4, 15, 22, 63, 197 Actuarial estimates, LR 47 Actuarial estimates, SR 37 Adjusted program amounts 109 Administrative expenses 6, 34, 48, 146, 150, 166, 198, 206 Advance tax transfers 58, 152 Amendments 36 Annual balance 20, 47, 71 Assets 2, 6, 9, 28, 150, 166, 179, 192, 204 Assumptions 9, 77, 94, 109, 159, 172, 193, 198, 203, 213 Automatic cost-of-living benefit increase 41, 96, 109 Auxiliary benefits 119 Average benefits 142 Average earnings assumptions 97 Average indexed monthly earnings (AIME) 112 Average wage index 109, 203 Award 120 B Baby-boom generation 3, 22, 48, 54, 102, 127 Bend points 112 Beneficiaries, DI 126 Beneficiary 12, 41, 54, 77, 110, 162, 173, 198, 206, 213 Beneficiary, OASI 120 Benefit payments 6, 48, 142, 150, 166 Benefit termination 8 Best estimate 8, 22, 37, 77 Board of Trustees 37, 94, 148 C Constant dollars 208 Consumer Price Index 95, 177, 203, 218 Contribution and benefit base 40, 97, 110, 218 Contributions 6, 148, 166, 192, 198, 206, 217 Cost 3, 43 Cost rate 3, 11, 48, 192 Cost-of-living adjustment 109 Covered earnings 6, 109, 202 Covered employment 8, 40, 97, 117, 148, 176 Covered worker 56, 117, 175 Creditable earnings 220 Current dollars 203 Current-payment status 43, 131, 132, 133, 218 D Deemed wage credit 48 Delayed retirement credit 116 Demographic assumptions 8, 20, 37, 78, 102, 109, 159, 204, 217 Deterministic model 182, 191 DI beneficiaries 126 Disability 148, 175, 213 Disability conversion ratio 131 Disability incidence rate 77, 127, 129, 175, 180, 217 Disability Insurance Trust Fund 219 Disability prevalence rate 133, 135 Disability termination rate 180 Disabled-worker benefit 129, 220 Disbursements 25, 26, 27, 30, 32, 37, 166, 167, 168, 214, 216 E Earnings 2, 6, 40, 48, 97, 110, 148, 160, 192, 202, 203, 217 Earnings test 97, 110, 218 Economic assumptions 8, 20, 37, 45, 94, 102, 109, 159, 204, 217 Excess wages 48, 203 Expenditures 6, 8, 29, 35, 37, 150, 221 F Federal Insurance Contributions Act 192, 227 Fertility assumptions 78 Financial interchange 6, 147, 150 Fiscal year 82, 152, 165 Full advance funding 222 G General Fund of the Treasury 39, 41, 42, 44, 152, 154, 156, 169, 170, 171, 217 General fund reimbursement 222 Gross domestic product 4, 10, 53, 77, 95, 104, 198 Gross domestic product projections 104 H High-cost assumptions 8, 17, 37, 38, 49, 77, 94, 130, 172, 190, 193, 198, 203, 217 Hospital Insurance program 139, 192, 225 Hospital Insurance Trust Fund 198 I Immigration 8, 77, 78, 81, 86, 175, 182, 217, 223 Immigration assumptions 81 Income rate 3, 11, 48, 192 Infinite horizon 10 Inflation 8, 77, 95, 203, 217 Inflation assumptions 95 Insured population 8, 118 Insured status 114 Interest 40, 105, 149, 159, 166, 194, 217 Interest rate 77, 159, 179, 217 Interest rate projections 105 Interest rates 8 Interfund borrowing 152, 224 Intermediate assumptions 8, 37, 41, 49, 77, 130, 172, 194, 198, 203, 207, 209, 213, 217 L Labor force projections 102 Legal immigration 82, 87, 224 Life expectancy 3, 22, 77, 90, 102, 224 Life expectancy estimates 90 Long range 10, 47, 78, 121, 159, 192, 198 Low-cost assumptions 8, 17, 37, 49, 77, 94, 130, 172, 190, 193, 203, 217 Lump-sum death payment 142 M Medicare 79, 225 Military service 39, 42, 44, 48, 147, 148, 152, 154, 156, 169, 170, 171 N National average wage index 109, 203 Normal retirement age 110, 126, 143, 220 O OASI beneficiaries 120 Old-Age and Survivors Insurance Trust Fund 148, 219 Old-law base 114 Other immigration 81, 175, 226 P Par value 149 Partial advance funding 226 Pay-as-you-go financing 159 Payroll taxes 2, 64, 109, 136, 162, 172, 192, 206 Population estimates 88 Population in the Social Security area 40, 57, 88, 117, 175 Present value 159 Primary insurance amount (PIA) 112 Productivity assumptions 95 Q Quarters of coverage 118 R Railroad Retirement 48, 62, 114, 147, 150, 166, 167, 168, 192, 198, 206, 219 Reallocation of tax rates 228 Real-wage differential 99, 176 Recession 11, 33, 40 Retired-worker benefit 121, 175, 213 Retirement age 110, 143, 220 Retirement earnings test 97, 110 Retirement eligibility age 175 S Scenario-based model 228 Scheduled benefits 178, 198, 206, 215, 228 scheduled benefits 38 Self-employment 48, 96, 193, 227 Self-Employment Contributions Act 227, 228 Sensitivity analysis 172 Short range 9, 37, 120 Social Security Act 109, 149, 203, 213, 219 Social Security amendments 36 Solvency 229 Special public-debt obligation 108, 149, 179 Stochastic projections 182 Substantial gainful activity 126, 220 Summarized balance 199 Summarized income and cost rates 62, 159, 172, 196, 217 Supplemental Security Income 166 Supplementary Medical Insurance program 192, 225 Survivor benefit 2, 7, 124, 218 Sustainable solvency 58, 59 T Taxable earnings 40, 57, 110, 160, 218 Taxable payroll 4, 22, 48, 96, 118, 159, 173, 192, 198, 203, 219 Taxable self-employment income 230 Taxable wages 141, 193, 230 Taxation of benefits 6, 141, 198, 206, 223 Taxes 6, 109, 193 Termination 77 Termination rate 8, 121, 180, 217 Test of short-range financial adequacy 38, 228 Total fertility rate 78, 172 Trust fund financial operations 6, 25, 38, 148 Trust fund ratio 9, 37, 47, 58, 152, 169, 232 Trust fund reserves 37 U Unemployment projections 102 Unfunded obligation 4, 10, 15, 17, 20, 47, 65, 67, 69, 70, 190, 226, 232, 233 Unnegotiated check 166 V Valuation period 15, 47, 159, 172, 196, 217 Vocational rehabilitation 48, 150, 167, 198, 206, 215, 219 Y Year of depletion 11, 14 Year of exhaustion 47, 60
