Benefit Formula Changes

Credit earnings to caregivers' records: Up to 5 years at one-half average wage when caring for children under age six: 2030 | 2050 | 2070

Increase the computation period from 35 years to 40 years: 2030 | 2050 | 2070

Price index the PIA formula: Reduce the formula factors by the difference in growth rates of wages and prices: 2030 | 2050 | 2070

Price index the PIA formula: Protect the bottom 30% of workers from price indexing: 2030 | 2050 | 2070

Reconfigure the minimum benefit: For workers with 10 to 30 years of coverage (YOC = 4 quarters earned that year) set PIA up to 125% of the monthly poverty level: 2030 | 2050 | 2070

Reduce the 90%, 32%, and 15% PIA factors: To 90%, 21%, and 10% over a 31-year period: 2030 | 2050 | 2070

Reduce the 90%, 32%, and 15% PIA factors: To 69.2%, 24.6%, and 11.5% over a 28-year period: 2030 | 2050 | 2070

Reduce initial benefits: By 5%: 2030 | 2050 | 2070

Cost of Living Adjustment Changes

Covered Worker Changes

Retirement Age Increases

Taxation Changes

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Price index the PIA formula: Protect the bottom 30% of workers from price indexing

Projected effects on beneficiaries in 2070

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Individual Benefits
Scheduled | Payable
Distribution of Changes
Scheduled | Payable
Poverty
Scheduled | Payable
Median Monthly Benefit
Scheduled | Payable

Table 1. Individual benefits 2070: Prog Price Index (Shield30) versus Scheduled
Characteristic	Median Percent Change	Percent With
Characteristic	Median Percent Change	Lower Benefits	Higher Benefits
Total	-18%	78%	0%
Sex
Female	-15%	73%	0%
Male	-22%	83%	0%
Race/Ethnicity
Hispanic	-12%	68%	0%
White	-21%	83%	0%
Black	-13%	70%	0%
Other	-20%	78%	0%
Immigration
Immigrant	-14%	69%	0%
Native Born	-20%	80%	0%
Age
60–69	-16%	70%	0%
70–79	-19%	78%	0%
80–89	-19%	83%	0%
90+	-18%	88%	0%
Marital Status
Never Married	-12%	66%	0%
Married	-20%	79%	0%
Divorced	-19%	78%	0%
Widowed	-19%	83%	0%
Education
Graduate	-28%	90%	0%
Bachelor	-26%	88%	0%
Associate	-18%	79%	0%
High School	-13%	71%	0%
Less than 12 Yrs	-4%	54%	0%
Indiv. Income Quintile
$141,869+	-31%	96%	0%
$76,273 - $141,869	-26%	92%	0%
$47,225 - $76,273	-21%	86%	0%
$28,018 - $47,225	-13%	78%	0%
$0-$28,018	0%	35%	0%
Hhld. Income Quintile
$234,849+	-30%	93%	0%
$125,659 - $234,849	-26%	90%	0%
$74,813 - $125,659	-20%	84%	0%
$41,558 - $74,813	-14%	76%	0%
$0-$41,558	0%	44%	0%
Shared Earn. Quintile
$129,152+	-35%	99%	0%
$89,585 - $129,152	-28%	97%	0%
$63,685 - $89,585	-19%	93%	0%
$39,226 - $63,685	-9%	75%	0%
$0-$39,226	0%	23%	0%
Benefit Type
Retired Worker	-20%	78%	0%
Spousal & Worker	-18%	94%	0%
Spousal Only	-11%	62%	0%
Survivor & Worker	-20%	90%	0%
Survivor Only	-9%	64%	0%
Retired Disabled	-11%	70%	0%
Disabled Worker	-6%	58%	0%
Claiming Age
62 or younger	-14%	72%	0%
63–66	-22%	84%	0%
67 or older	-22%	77%	0%
Quarters of Coverage
201+	-30%	99%	0%
161–200	-24%	93%	0%
81–160	-10%	66%	0%
0–80	0%	41%	0%
Own AIME Quintile
$11,030+	-36%	100%	0%
$7,326 - $11,030	-27%	100%	0%
$5,076 - $7,326	-15%	100%	0%
$2,910 - $5,076	-1%	53%	0%
$0-$2,910	0%	34%	0%
Paying AIME Quintile
$12,519+	-36%	100%	0%
$8,545 - $12,519	-30%	100%	0%
$6,145 - $8,545	-20%	100%	0%
$3,923 - $6,145	-7%	87%	0%
$0-$3,923	0%	1%	0%
Hhld. Benefit Quintile
$4,389+	-32%	98%	0%
$3,216 - $4,389	-26%	91%	0%
$2,435 - $3,216	-24%	87%	0%
$1,690 - $2,435	-14%	82%	0%
$0-$1,690	0%	29%	0%
Adj. Gross Income
$181,671+	-31%	94%	0%
$123,969 - $181,671	-26%	91%	0%
$82,014 - $123,969	-22%	86%	0%
$1 - $82,014	-13%	69%	0%
$0.00	-8%	62%	0%
Population: current law beneficiaries aged 60 and older Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 03/30/2012
Note: This proposal is based on specifications received from outside the Social Security Administration, unless noted otherwise. It does not represent the views of the agency.

Table 5. Individual benefits 2070: Prog Price Index (Shield30) versus Payable
Characteristic	Median Percent Change	Percent With
Characteristic	Median Percent Change	Lower Benefits	Higher Benefits
Total	5%	40%	57%
Sex
Female	9%	33%	64%
Male	0%	48%	49%
Race/Ethnicity
Hispanic	14%	27%	71%
White	1%	45%	51%
Black	12%	32%	65%
Other	4%	43%	54%
Immigration
Immigrant	11%	32%	65%
Native Born	4%	42%	55%
Age
60–69	8%	40%	58%
70–79	4%	42%	55%
80–89	4%	40%	56%
90+	6%	22%	70%
Marital Status
Never Married	13%	31%	66%
Married	4%	43%	54%
Divorced	4%	41%	56%
Widowed	5%	36%	60%
Education
Graduate	-6%	60%	37%
Bachelor	-4%	57%	40%
Associate	6%	38%	59%
High School	12%	28%	69%
Less than 12 Yrs	24%	18%	80%
Indiv. Income Quintile
$141,869+	-10%	73%	23%
$76,273 - $141,869	-4%	58%	37%
$47,225 - $76,273	2%	42%	54%
$28,018 - $47,225	12%	21%	75%
$0-$28,018	30%	2%	97%
Hhld. Income Quintile
$234,849+	-9%	68%	29%
$125,659 - $234,849	-4%	57%	40%
$74,813 - $125,659	3%	42%	54%
$41,558 - $74,813	11%	26%	71%
$0-$41,558	30%	5%	93%
Shared Earn. Quintile
$129,152+	-15%	86%	12%
$89,585 - $129,152	-6%	67%	27%
$63,685 - $89,585	4%	32%	62%
$39,226 - $63,685	18%	10%	87%
$0-$39,226	30%	2%	98%
Benefit Type
Retired Worker	3%	43%	54%
Spousal & Worker	5%	37%	60%
Spousal Only	15%	30%	68%
Survivor & Worker	3%	41%	55%
Survivor Only	17%	25%	73%
Retired Disabled	15%	24%	73%
Disabled Worker	21%	22%	76%
Claiming Age
62 or younger	11%	32%	65%
63–66	0%	48%	49%
67 or older	1%	46%	51%
Quarters of Coverage
201+	-9%	71%	25%
161–200	-1%	50%	46%
81–160	16%	24%	73%
0–80	30%	15%	84%
Own AIME Quintile
$11,030+	-17%	96%	3%
$7,326 - $11,030	-5%	73%	19%
$5,076 - $7,326	9%	9%	88%
$2,910 - $5,076	27%	6%	93%
$0-$2,910	30%	14%	84%
Paying AIME Quintile
$12,519+	-17%	90%	9%
$8,545 - $12,519	-9%	82%	14%
$6,145 - $8,545	3%	26%	65%
$3,923 - $6,145	20%	1%	99%
$0-$3,923	30%	0%	100%
Hhld. Benefit Quintile
$4,389+	-11%	73%	24%
$3,216 - $4,389	-3%	55%	41%
$2,435 - $3,216	-1%	52%	43%
$1,690 - $2,435	11%	14%	81%
$0-$1,690	30%	3%	96%
Adj. Gross Income
$181,671+	-10%	71%	26%
$123,969 - $181,671	-4%	57%	40%
$82,014 - $123,969	0%	47%	49%
$1 - $82,014	13%	26%	70%
$0.00	19%	18%	79%
Population: current law beneficiaries aged 60 and older Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 03/30/2012
Note: This proposal is based on specifications received from outside the Social Security Administration, unless noted otherwise. It does not represent the views of the agency.

Table 2. Distribution of changes 2070: Prog Price Index (Shield30) versus Scheduled
Characteristic	% of Population With % Change of
Characteristic	-20%+	-10 to -19%	-1 to -9%	No change	+1 to +9%	+10 to +19%	+20%+
Total	48%	18%	11%	22%	0%	0%	0%
Sex
Female	41%	20%	13%	27%	0%	0%	0%
Male	56%	17%	10%	17%	0%	0%	0%
Race/Ethnicity
Hispanic	34%	21%	13%	32%	0%	0%	0%
White	54%	18%	11%	17%	0%	0%	0%
Black	39%	18%	14%	30%	0%	0%	0%
Other	50%	17%	11%	22%	0%	0%	0%
Immigration
Immigrant	39%	18%	12%	31%	0%	0%	0%
Native Born	50%	18%	11%	20%	0%	0%	0%
Age
60–69	45%	14%	11%	30%	0%	0%	0%
70–79	50%	17%	11%	22%	0%	0%	0%
80–89	50%	21%	12%	17%	0%	0%	0%
90+	42%	33%	14%	12%	0%	0%	0%
Marital Status
Never Married	38%	16%	12%	34%	0%	0%	0%
Married	50%	17%	12%	21%	0%	0%	0%
Divorced	49%	18%	10%	22%	0%	0%	0%
Widowed	47%	24%	12%	17%	0%	0%	0%
Education
Graduate	68%	15%	7%	10%	0%	0%	0%
Bachelor	65%	15%	8%	12%	0%	0%	0%
Associate	47%	20%	12%	21%	0%	0%	0%
High School	36%	21%	15%	29%	0%	0%	0%
Less than 12 Yrs	23%	18%	13%	46%	0%	0%	0%
Indiv. Income Quintile
$141,869+	81%	11%	4%	4%	0%	0%	0%
$76,273 - $141,869	68%	16%	8%	8%	0%	0%	0%
$47,225 - $76,273	53%	22%	11%	14%	0%	0%	0%
$28,018 - $47,225	32%	29%	18%	22%	0%	0%	0%
$0-$28,018	4%	13%	18%	65%	0%	0%	0%
Hhld. Income Quintile
$234,849+	76%	12%	5%	7%	0%	0%	0%
$125,659 - $234,849	65%	16%	9%	10%	0%	0%	0%
$74,813 - $125,659	52%	20%	11%	16%	0%	0%	0%
$41,558 - $74,813	35%	26%	15%	24%	0%	0%	0%
$0-$41,558	9%	17%	18%	56%	0%	0%	0%
Shared Earn. Quintile
$129,152+	91%	6%	1%	1%	0%	0%	0%
$89,585 - $129,152	79%	13%	5%	3%	0%	0%	0%
$63,685 - $89,585	48%	35%	10%	7%	0%	0%	0%
$39,226 - $63,685	17%	29%	28%	25%	0%	0%	0%
$0-$39,226	3%	7%	13%	77%	0%	0%	0%
Benefit Type
Retired Worker	51%	16%	10%	22%	0%	0%	0%
Spousal & Worker	47%	28%	20%	6%	0%	0%	0%
Spousal Only	36%	17%	9%	38%	0%	0%	0%
Survivor & Worker	53%	25%	11%	10%	0%	0%	0%
Survivor Only	32%	17%	14%	36%	0%	0%	0%
Retired Disabled	31%	21%	17%	30%	0%	0%	0%
Disabled Worker	27%	17%	14%	42%	0%	0%	0%
Claiming Age
62 or younger	39%	19%	13%	28%	0%	0%	0%
63–66	56%	18%	10%	16%	0%	0%	0%
67 or older	54%	14%	9%	23%	0%	0%	0%
Quarters of Coverage
201+	80%	14%	4%	1%	0%	0%	0%
161–200	60%	22%	11%	7%	0%	0%	0%
81–160	31%	19%	15%	34%	0%	0%	0%
0–80	19%	11%	11%	59%	0%	0%	0%
Own AIME Quintile
$11,030+	99%	1%	0%	0%	0%	0%	0%
$7,326 - $11,030	90%	9%	0%	0%	0%	0%	0%
$5,076 - $7,326	23%	64%	13%	0%	0%	0%	0%
$2,910 - $5,076	9%	7%	37%	47%	0%	0%	0%
$0-$2,910	18%	10%	7%	66%	0%	0%	0%
Paying AIME Quintile
$12,519+	94%	5%	1%	0%	0%	0%	0%
$8,545 - $12,519	91%	7%	2%	0%	0%	0%	0%
$6,145 - $8,545	52%	45%	2%	0%	0%	0%	0%
$3,923 - $6,145	1%	35%	51%	13%	0%	0%	0%
$0-$3,923	0%	0%	0%	99%	0%	0%	0%
Hhld. Benefit Quintile
$4,389+	81%	13%	5%	2%	0%	0%	0%
$3,216 - $4,389	64%	17%	10%	9%	0%	0%	0%
$2,435 - $3,216	62%	16%	8%	13%	0%	0%	0%
$1,690 - $2,435	28%	38%	16%	18%	0%	0%	0%
$0-$1,690	4%	8%	18%	71%	0%	0%	0%
Adj. Gross Income
$181,671+	78%	11%	5%	6%	0%	0%	0%
$123,969 - $181,671	66%	16%	9%	9%	0%	0%	0%
$82,014 - $123,969	56%	19%	10%	14%	0%	0%	0%
$1 - $82,014	35%	21%	13%	31%	0%	0%	0%
$0.00	26%	21%	16%	38%	0%	0%	0%
Population: current law beneficiaries aged 60 and older Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 03/30/2012
Note: This proposal is based on specifications received from outside the Social Security Administration, unless noted otherwise. It does not represent the views of the agency.

Table 6. Distribution of changes 2070: Prog Price Index (Shield30) versus Payable
Characteristic	% of Population With % Change of
Characteristic	-20%+	-10 to -19%	-1 to -9%	No change	+1 to +9%	+10 to +19%	+20%+
Total	9%	15%	15%	3%	14%	13%	31%
Sex
Female	6%	12%	15%	3%	15%	13%	36%
Male	13%	19%	16%	3%	13%	12%	24%
Race/Ethnicity
Hispanic	6%	9%	12%	3%	14%	15%	42%
White	11%	18%	17%	3%	14%	12%	25%
Black	7%	13%	12%	3%	12%	14%	39%
Other	12%	17%	14%	3%	12%	12%	30%
Immigration
Immigrant	8%	12%	12%	3%	12%	13%	40%
Native Born	10%	16%	16%	3%	14%	13%	28%
Age
60–69	18%	11%	10%	2%	10%	11%	38%
70–79	9%	20%	13%	3%	13%	12%	30%
80–89	1%	16%	23%	4%	16%	14%	26%
90+	0%	2%	21%	8%	30%	18%	22%
Marital Status
Never Married	8%	12%	12%	3%	11%	12%	43%
Married	12%	16%	14%	3%	13%	12%	29%
Divorced	10%	17%	15%	3%	14%	12%	30%
Widowed	3%	12%	21%	5%	19%	15%	26%
Education
Graduate	19%	23%	18%	3%	13%	9%	15%
Bachelor	16%	22%	18%	3%	13%	9%	18%
Associate	7%	15%	16%	3%	15%	14%	30%
High School	5%	10%	13%	3%	14%	16%	39%
Less than 12 Yrs	3%	7%	8%	2%	12%	14%	55%
Indiv. Income Quintile
$141,869+	24%	29%	21%	3%	11%	6%	7%
$76,273 - $141,869	15%	23%	20%	4%	15%	10%	13%
$47,225 - $76,273	6%	17%	19%	4%	17%	15%	22%
$28,018 - $47,225	1%	7%	13%	4%	20%	20%	35%
$0-$28,018	0%	0%	1%	1%	6%	13%	78%
Hhld. Income Quintile
$234,849+	23%	26%	19%	3%	11%	8%	10%
$125,659 - $234,849	14%	23%	20%	3%	14%	10%	16%
$74,813 - $125,659	8%	16%	18%	4%	17%	13%	24%
$41,558 - $74,813	2%	9%	14%	3%	18%	18%	35%
$0-$41,558	0%	1%	4%	2%	9%	15%	69%
Shared Earn. Quintile
$129,152+	33%	35%	18%	2%	7%	3%	2%
$89,585 - $129,152	10%	27%	30%	5%	15%	7%	6%
$63,685 - $89,585	3%	10%	19%	6%	29%	20%	14%
$39,226 - $63,685	1%	2%	7%	2%	15%	26%	46%
$0-$39,226	0%	1%	1%	0%	3%	8%	87%
Benefit Type
Retired Worker	11%	17%	15%	3%	13%	11%	30%
Spousal & Worker	7%	15%	15%	3%	20%	20%	20%
Spousal Only	10%	10%	10%	2%	13%	10%	45%
Survivor & Worker	6%	15%	20%	4%	21%	16%	18%
Survivor Only	4%	5%	15%	3%	13%	14%	45%
Retired Disabled	2%	9%	12%	3%	13%	18%	42%
Disabled Worker	7%	7%	8%	2%	10%	13%	53%
Claiming Age
62 or younger	7%	12%	13%	3%	13%	14%	38%
63–66	12%	18%	17%	3%	15%	12%	23%
67 or older	12%	18%	16%	3%	12%	9%	30%
Quarters of Coverage
201+	20%	28%	23%	4%	13%	7%	4%
161–200	12%	19%	19%	4%	17%	14%	14%
81–160	4%	9%	11%	3%	13%	15%	46%
0–80	3%	5%	7%	1%	7%	9%	67%
Own AIME Quintile
$11,030+	39%	41%	16%	1%	2%	0%	0%
$7,326 - $11,030	3%	25%	45%	8%	17%	2%	0%
$5,076 - $7,326	1%	2%	5%	4%	38%	46%	4%
$2,910 - $5,076	1%	2%	3%	1%	5%	9%	79%
$0-$2,910	3%	5%	6%	1%	7%	7%	70%
Paying AIME Quintile
$12,519+	38%	36%	16%	2%	5%	2%	1%
$8,545 - $12,519	7%	39%	36%	5%	10%	3%	1%
$6,145 - $8,545	1%	1%	23%	9%	49%	15%	1%
$3,923 - $6,145	0%	0%	0%	0%	5%	43%	51%
$0-$3,923	0%	0%	0%	0%	0%	0%	100%
Hhld. Benefit Quintile
$4,389+	23%	32%	19%	3%	11%	8%	5%
$3,216 - $4,389	14%	22%	19%	4%	14%	11%	17%
$2,435 - $3,216	7%	19%	26%	5%	15%	9%	19%
$1,690 - $2,435	2%	2%	11%	4%	27%	25%	29%
$0-$1,690	2%	0%	1%	0%	2%	10%	85%
Adj. Gross Income
$181,671+	25%	27%	19%	3%	10%	7%	9%
$123,969 - $181,671	14%	24%	19%	4%	14%	10%	16%
$82,014 - $123,969	9%	19%	20%	4%	15%	13%	21%
$1 - $82,014	4%	9%	13%	3%	16%	14%	41%
$0.00	2%	6%	10%	3%	14%	16%	49%
Population: current law beneficiaries aged 60 and older Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 03/30/2012
Note: This proposal is based on specifications received from outside the Social Security Administration, unless noted otherwise. It does not represent the views of the agency.

Table 3. Poverty 2070: Prog Price Index (Shield30) versus Scheduled
Characteristic	Poverty Rate			# of Poor Change
Characteristic	Scheduled	Option	Diff	# of Poor Change
Total	1.2%	1.2%	0.0%	12,814
Sex
Female	1.6%	1.6%	0.0%	7,296
Male	0.7%	0.7%	0.0%	5,518
Race/Ethnicity
Hispanic	1.7%	1.7%	0.0%	1,708
White	0.8%	0.8%	0.0%	8,331
Black	2.2%	2.2%	0.0%	2,774
Other	1.2%	1.2%	0.0%	0
Immigration
Immigrant	1.5%	1.5%	0.0%	0
Native Born	1.1%	1.1%	0.0%	12,814
Age
60–69	1.5%	1.5%	0.0%	4,522
70–79	1.1%	1.2%	0.0%	8,292
80–89	0.9%	0.9%	0.0%	0
90+	0.7%	0.7%	0.0%	0
Marital Status
Never Married	3.4%	3.4%	0.0%	0
Married	0.4%	0.4%	0.0%	0
Divorced	1.5%	1.6%	0.1%	12,814
Widowed	1.2%	1.2%	0.0%	0
Education
Graduate	0.2%	0.2%	0.0%	0
Bachelor	0.4%	0.4%	0.0%	0
Associate	0.6%	0.7%	0.0%	6,583
High School	1.7%	1.7%	0.0%	6,230
Less than 12 Yrs	3.6%	3.6%	0.0%	0
Indiv. Income Quintile
$141,869+	0.0%	0.0%	0.0%	0
$76,273 - $141,869	0.0%	0.0%	0.0%	0
$47,225 - $76,273	0.0%	0.0%	0.0%	0
$28,018 - $47,225	0.0%	0.0%	0.0%	0
$0-$28,018	5.9%	6.0%	0.1%	12,814
Hhld. Income Quintile
$234,849+	0.0%	0.0%	0.0%	0
$125,659 - $234,849	0.0%	0.0%	0.0%	0
$74,813 - $125,659	0.0%	0.0%	0.0%	0
$41,558 - $74,813	0.0%	0.0%	0.0%	0
$0-$41,558	5.9%	6.0%	0.1%	12,814
Shared Earn. Quintile
$129,152+	0.0%	0.0%	0.0%	0
$89,585 - $129,152	0.0%	0.0%	0.0%	0
$63,685 - $89,585	0.0%	0.0%	0.0%	0
$39,226 - $63,685	0.1%	0.1%	0.0%	9,270
$0-$39,226	5.8%	5.8%	0.0%	3,544
Benefit Type
Retired Worker	1.1%	1.1%	0.0%	0
Spousal & Worker	0.1%	0.4%	0.2%	9,004
Spousal Only	2.4%	2.4%	0.0%	0
Survivor & Worker	0.3%	0.3%	0.0%	0
Survivor Only	5.0%	5.0%	0.0%	0
Retired Disabled	2.0%	2.0%	0.0%	3,809
Disabled Worker	2.3%	2.3%	0.0%	0
Claiming Age
62 or younger	1.8%	1.8%	0.0%	10,978
63–66	0.5%	0.5%	0.0%	1,835
67 or older	0.8%	0.8%	0.0%	0
Quarters of Coverage
201+	0.0%	0.0%	0.0%	0
161–200	0.0%	0.0%	0.0%	0
81–160	0.7%	0.7%	0.0%	7,169
0–80	7.8%	7.8%	0.1%	5,645
Own AIME Quintile
$11,030+	0.0%	0.0%	0.0%	0
$7,326 - $11,030	0.0%	0.0%	0.0%	0
$5,076 - $7,326	0.0%	0.0%	0.0%	0
$2,910 - $5,076	0.0%	0.0%	0.0%	0
$0-$2,910	5.8%	5.9%	0.1%	12,814
Paying AIME Quintile
$12,519+	0.0%	0.0%	0.0%	0
$8,545 - $12,519	0.0%	0.0%	0.0%	0
$6,145 - $8,545	0.0%	0.0%	0.0%	9,004
$3,923 - $6,145	0.0%	0.0%	0.0%	3,809
$0-$3,923	5.8%	5.8%	0.0%	0
Hhld. Benefit Quintile
$4,389+	0.0%	0.0%	0.0%	0
$3,216 - $4,389	0.0%	0.0%	0.0%	0
$2,435 - $3,216	0.0%	0.0%	0.0%	0
$1,690 - $2,435	0.0%	0.0%	0.0%	0
$0-$1,690	5.9%	5.9%	0.1%	12,814
Adj. Gross Income
$181,671+	0.0%	0.0%	0.0%	0
$123,969 - $181,671	0.0%	0.0%	0.0%	0
$82,014 - $123,969	0.0%	0.0%	0.0%	0
$1 - $82,014	1.0%	1.0%	0.0%	0
$0.00	3.0%	3.1%	0.0%	12,814
Population: current law beneficiaries aged 60 and older Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 03/30/2012
Note: This proposal is based on specifications received from outside the Social Security Administration, unless noted otherwise. It does not represent the views of the agency.

Table 7. Poverty 2070: Prog Price Index (Shield30) versus Payable
Characteristic	Poverty Rate			# of Poor Change
Characteristic	Payable	Option	Diff	# of Poor Change
Total	2.3%	1.2%	-1.1%	-1,051,785
Sex
Female	3.0%	1.6%	-1.4%	-708,407
Male	1.5%	0.7%	-0.8%	-343,377
Race/Ethnicity
Hispanic	3.3%	1.7%	-1.6%	-320,699
White	1.5%	0.8%	-0.7%	-404,819
Black	4.6%	2.2%	-2.3%	-232,333
Other	2.1%	1.2%	-0.9%	-93,932
Immigration
Immigrant	3.0%	1.5%	-1.5%	-314,329
Native Born	2.1%	1.1%	-1.0%	-737,455
Age
60–69	2.9%	1.5%	-1.3%	-380,420
70–79	2.3%	1.2%	-1.1%	-399,817
80–89	1.9%	0.9%	-1.0%	-226,434
90+	1.4%	0.7%	-0.7%	-45,113
Marital Status
Never Married	6.2%	3.4%	-2.8%	-383,129
Married	0.8%	0.4%	-0.4%	-210,620
Divorced	3.3%	1.6%	-1.7%	-325,925
Widowed	2.2%	1.2%	-0.9%	-132,110
Education
Graduate	0.7%	0.2%	-0.5%	-53,634
Bachelor	0.7%	0.4%	-0.3%	-71,028
Associate	1.7%	0.7%	-1.0%	-225,947
High School	3.3%	1.7%	-1.5%	-478,591
Less than 12 Yrs	6.1%	3.6%	-2.5%	-222,582
Indiv. Income Quintile
$141,869+	0.0%	0.0%	0.0%	0
$76,273 - $141,869	0.0%	0.0%	0.0%	0
$47,225 - $76,273	0.0%	0.0%	0.0%	0
$28,018 - $47,225	0.0%	0.0%	0.0%	0
$0-$28,018	11.6%	6.0%	-5.6%	-1,051,785
Hhld. Income Quintile
$234,849+	0.0%	0.0%	0.0%	0
$125,659 - $234,849	0.0%	0.0%	0.0%	0
$74,813 - $125,659	0.0%	0.0%	0.0%	0
$41,558 - $74,813	0.0%	0.0%	0.0%	0
$0-$41,558	11.6%	6.0%	-5.6%	-1,051,785
Shared Earn. Quintile
$129,152+	0.0%	0.0%	0.0%	-2,661
$89,585 - $129,152	0.0%	0.0%	0.0%	0
$63,685 - $89,585	0.0%	0.0%	0.0%	0
$39,226 - $63,685	0.2%	0.1%	-0.1%	-23,146
$0-$39,226	11.2%	5.8%	-5.4%	-1,025,977
Benefit Type
Retired Worker	2.2%	1.1%	-1.1%	-694,089
Spousal & Worker	0.5%	0.4%	-0.1%	-3,066
Spousal Only	4.0%	2.4%	-1.6%	-19,953
Survivor & Worker	0.8%	0.3%	-0.5%	-48,280
Survivor Only	6.5%	5.0%	-1.5%	-11,921
Retired Disabled	3.7%	2.0%	-1.7%	-150,374
Disabled Worker	4.9%	2.3%	-2.6%	-124,099
Claiming Age
62 or younger	3.5%	1.8%	-1.6%	-765,206
63–66	1.1%	0.5%	-0.6%	-238,464
67 or older	1.6%	0.8%	-0.8%	-48,114
Quarters of Coverage
201+	0.0%	0.0%	0.0%	0
161–200	0.1%	0.0%	-0.1%	-24,867
81–160	2.1%	0.7%	-1.4%	-497,879
0–80	12.5%	7.8%	-4.7%	-529,038
Own AIME Quintile
$11,030+	0.0%	0.0%	0.0%	0
$7,326 - $11,030	0.0%	0.0%	0.0%	0
$5,076 - $7,326	0.0%	0.0%	0.0%	-1,669
$2,910 - $5,076	0.6%	0.0%	-0.6%	-109,274
$0-$2,910	10.9%	5.9%	-5.0%	-940,841
Paying AIME Quintile
$12,519+	0.0%	0.0%	0.0%	0
$8,545 - $12,519	0.0%	0.0%	0.0%	0
$6,145 - $8,545	0.1%	0.0%	0.0%	-1,470
$3,923 - $6,145	0.1%	0.0%	-0.1%	-17,130
$0-$3,923	11.3%	5.8%	-5.5%	-1,033,183
Hhld. Benefit Quintile
$4,389+	0.0%	0.0%	0.0%	0
$3,216 - $4,389	0.0%	0.0%	0.0%	0
$2,435 - $3,216	0.0%	0.0%	0.0%	0
$1,690 - $2,435	0.0%	0.0%	0.0%	0
$0-$1,690	11.5%	5.9%	-5.6%	-1,051,785
Adj. Gross Income
$181,671+	0.0%	0.0%	0.0%	0
$123,969 - $181,671	0.0%	0.0%	0.0%	0
$82,014 - $123,969	0.0%	0.0%	0.0%	0
$1 - $82,014	1.7%	1.0%	-0.7%	-114,533
$0.00	6.1%	3.1%	-3.0%	-937,252
Population: current law beneficiaries aged 60 and older Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 03/30/2012
Note: This proposal is based on specifications received from outside the Social Security Administration, unless noted otherwise. It does not represent the views of the agency.

Table 4. Median Monthly Scheduled Benefit, 2070
Characteristic	Wage-Adjusted (2012 $)	Inflation-Adjusted (2012 $)	Nominal (2070 $)
Total	$1,016	$2,062	$9,821
Sex
Female	$920	$1,867	$8,892
Male	$1,131	$2,295	$10,929
Race/Ethnicity
Hispanic	$879	$1,784	$8,495
White	$1,084	$2,200	$10,478
Black	$945	$1,917	$9,129
Other	$1,051	$2,132	$10,156
Immigration
Immigrant	$907	$1,840	$8,765
Native Born	$1,046	$2,122	$10,105
Age
60–69	$966	$1,960	$9,337
70–79	$1,031	$2,093	$9,967
80–89	$1,033	$2,095	$9,979
90+	$1,076	$2,184	$10,401
Marital Status
Never Married	$927	$1,881	$8,961
Married	$991	$2,010	$9,575
Divorced	$1,067	$2,165	$10,312
Widowed	$1,121	$2,276	$10,838
Education
Graduate	$1,297	$2,632	$12,534
Bachelor	$1,231	$2,498	$11,897
Associate	$1,000	$2,030	$9,669
High School	$907	$1,841	$8,768
Less than 12 Yrs	$759	$1,541	$7,339
Indiv. Income Quintile
$141,869+	$1,435	$2,911	$13,865
$76,273 - $141,869	$1,237	$2,510	$11,954
$47,225 - $76,273	$1,090	$2,211	$10,532
$28,018 - $47,225	$942	$1,912	$9,105
$0-$28,018	$625	$1,268	$6,039
Hhld. Income Quintile
$234,849+	$1,354	$2,747	$13,082
$125,659 - $234,849	$1,200	$2,435	$11,599
$74,813 - $125,659	$1,080	$2,192	$10,438
$41,558 - $74,813	$949	$1,926	$9,171
$0-$41,558	$699	$1,419	$6,757
Shared Earn. Quintile
$129,152+	$1,532	$3,109	$14,809
$89,585 - $129,152	$1,265	$2,568	$12,229
$63,685 - $89,585	$1,034	$2,098	$9,993
$39,226 - $63,685	$841	$1,707	$8,130
$0-$39,226	$588	$1,193	$5,682
Benefit Type
Retired Worker	$1,032	$2,095	$9,978
Spousal & Worker	$656	$1,331	$6,341
Spousal Only	$440	$892	$4,251
Survivor & Worker	$1,183	$2,400	$11,429
Survivor Only	$850	$1,725	$8,217
Retired Disabled	$1,010	$2,050	$9,765
Disabled Worker	$1,001	$2,032	$9,678
Claiming Age
62 or younger	$874	$1,773	$8,446
63–66	$1,154	$2,341	$11,148
67 or older	$1,404	$2,849	$13,567
Quarters of Coverage
201+	$1,409	$2,858	$13,612
161–200	$1,167	$2,367	$11,274
81–160	$853	$1,731	$8,247
0–80	$555	$1,126	$5,361
Own AIME Quintile
$11,030+	$1,586	$3,218	$15,327
$7,326 - $11,030	$1,247	$2,531	$12,054
$5,076 - $7,326	$976	$1,979	$9,427
$2,910 - $5,076	$762	$1,545	$7,360
$0-$2,910	$551	$1,117	$5,320
Paying AIME Quintile
$12,519+	$1,590	$3,227	$15,370
$8,545 - $12,519	$1,317	$2,672	$12,728
$6,145 - $8,545	$1,052	$2,135	$10,168
$3,923 - $6,145	$831	$1,685	$8,027
$0-$3,923	$562	$1,141	$5,432
Hhld. Benefit Quintile
$4,389+	$1,390	$2,820	$13,429
$3,216 - $4,389	$1,179	$2,392	$11,392
$2,435 - $3,216	$1,285	$2,606	$12,414
$1,690 - $2,435	$976	$1,981	$9,434
$0-$1,690	$610	$1,237	$5,893
Adj. Gross Income
$181,671+	$1,354	$2,748	$13,087
$123,969 - $181,671	$1,202	$2,440	$11,619
$82,014 - $123,969	$1,112	$2,257	$10,749
$1 - $82,014	$897	$1,819	$8,665
$0.00	$833	$1,690	$8,050
Population: current law beneficiaries aged 60 and older Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 03/30/2012
Note: This proposal is based on specifications received from outside the Social Security Administration, unless noted otherwise. It does not represent the views of the agency.

Table 8. Median Monthly Payable Benefit, 2070
Characteristic	Wage-Adjusted (2012 $)	Inflation-Adjusted (2012 $)	Nominal (2070 $)
Total	$780	$1,584	$7,542
Sex
Female	$707	$1,434	$6,829
Male	$868	$1,762	$8,393
Race/Ethnicity
Hispanic	$675	$1,370	$6,524
White	$833	$1,690	$8,047
Black	$725	$1,472	$7,011
Other	$807	$1,638	$7,800
Immigration
Immigrant	$697	$1,413	$6,732
Native Born	$803	$1,629	$7,761
Age
60–69	$742	$1,506	$7,171
70–79	$792	$1,607	$7,654
80–89	$793	$1,609	$7,664
90+	$827	$1,677	$7,988
Marital Status
Never Married	$712	$1,445	$6,882
Married	$761	$1,544	$7,354
Divorced	$819	$1,663	$7,919
Widowed	$861	$1,748	$8,323
Education
Graduate	$996	$2,021	$9,626
Bachelor	$945	$1,918	$9,137
Associate	$768	$1,559	$7,426
High School	$697	$1,414	$6,734
Less than 12 Yrs	$583	$1,183	$5,636
Indiv. Income Quintile
$141,869+	$1,102	$2,236	$10,649
$76,273 - $141,869	$950	$1,928	$9,181
$47,225 - $76,273	$837	$1,698	$8,089
$28,018 - $47,225	$724	$1,468	$6,993
$0-$28,018	$480	$974	$4,638
Hhld. Income Quintile
$234,849+	$1,040	$2,110	$10,047
$125,659 - $234,849	$922	$1,870	$8,908
$74,813 - $125,659	$830	$1,683	$8,017
$41,558 - $74,813	$729	$1,479	$7,043
$0-$41,558	$537	$1,090	$5,189
Shared Earn. Quintile
$129,152+	$1,177	$2,388	$11,373
$89,585 - $129,152	$972	$1,972	$9,392
$63,685 - $89,585	$794	$1,611	$7,675
$39,226 - $63,685	$646	$1,311	$6,244
$0-$39,226	$452	$916	$4,364
Benefit Type
Retired Worker	$793	$1,609	$7,663
Spousal & Worker	$504	$1,022	$4,870
Spousal Only	$338	$685	$3,264
Survivor & Worker	$908	$1,843	$8,777
Survivor Only	$653	$1,325	$6,311
Retired Disabled	$776	$1,575	$7,499
Disabled Worker	$769	$1,561	$7,432
Claiming Age
62 or younger	$671	$1,362	$6,487
63–66	$886	$1,798	$8,562
67 or older	$1,078	$2,188	$10,420
Quarters of Coverage
201+	$1,082	$2,195	$10,454
161–200	$896	$1,818	$8,659
81–160	$655	$1,330	$6,333
0–80	$426	$865	$4,117
Own AIME Quintile
$11,030+	$1,218	$2,471	$11,771
$7,326 - $11,030	$958	$1,944	$9,258
$5,076 - $7,326	$749	$1,520	$7,240
$2,910 - $5,076	$585	$1,187	$5,653
$0-$2,910	$423	$858	$4,086
Paying AIME Quintile
$12,519+	$1,221	$2,478	$11,804
$8,545 - $12,519	$1,011	$2,052	$9,775
$6,145 - $8,545	$808	$1,640	$7,809
$3,923 - $6,145	$638	$1,294	$6,165
$0-$3,923	$432	$876	$4,172
Hhld. Benefit Quintile
$4,389+	$1,067	$2,165	$10,313
$3,216 - $4,389	$905	$1,837	$8,749
$2,435 - $3,216	$987	$2,002	$9,534
$1,690 - $2,435	$750	$1,521	$7,245
$0-$1,690	$468	$950	$4,526
Adj. Gross Income
$181,671+	$1,040	$2,110	$10,051
$123,969 - $181,671	$923	$1,874	$8,924
$82,014 - $123,969	$854	$1,733	$8,255
$1 - $82,014	$689	$1,397	$6,654
$0.00	$640	$1,298	$6,183
Population: current law beneficiaries aged 60 and older Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 03/30/2012
Note: This proposal is based on specifications received from outside the Social Security Administration, unless noted otherwise. It does not represent the views of the agency.