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

Save/Print

Excel

Reduce the 90%, 32%, and 15% PIA factors to 90%, 21%, and 10% over a 31-year period

Projected effects on beneficiaries in 2070

Compare all options »

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

Table 1. Individual benefits 2070: PIA Factors to 90 21 10 versus Scheduled
Characteristic	Median Percent Change	Percent With
Characteristic	Median Percent Change	Lower Benefits	Higher Benefits
Total	-17%	95%	0%
Sex
Female	-16%	93%	0%
Male	-19%	96%	0%
Race/Ethnicity
Hispanic	-15%	92%	0%
White	-19%	96%	0%
Black	-16%	93%	0%
Other	-18%	94%	0%
Immigration
Immigrant	-16%	91%	0%
Native Born	-18%	96%	0%
Age
60–69	-16%	92%	0%
70–79	-18%	95%	0%
80–89	-19%	96%	0%
90+	-17%	98%	0%
Marital Status
Never Married	-15%	90%	0%
Married	-18%	96%	0%
Divorced	-18%	94%	0%
Widowed	-18%	96%	0%
Education
Graduate	-21%	97%	0%
Bachelor	-21%	97%	0%
Associate	-17%	96%	0%
High School	-16%	93%	0%
Less than 12 Yrs	-12%	85%	0%
Indiv. Income Quintile
$141,869+	-22%	99%	0%
$76,273 - $141,869	-20%	99%	0%
$47,225 - $76,273	-18%	98%	0%
$28,018 - $47,225	-16%	96%	0%
$0-$28,018	-8%	80%	0%
Hhld. Income Quintile
$234,849+	-22%	99%	0%
$125,659 - $234,849	-20%	98%	0%
$74,813 - $125,659	-18%	97%	0%
$41,558 - $74,813	-16%	96%	0%
$0-$41,558	-10%	83%	0%
Shared Earn. Quintile
$129,152+	-23%	100%	0%
$89,585 - $129,152	-21%	99%	0%
$63,685 - $89,585	-18%	99%	0%
$39,226 - $63,685	-14%	99%	0%
$0-$39,226	-6%	76%	0%
Benefit Type
Retired Worker	-18%	94%	0%
Spousal & Worker	-20%	99%	0%
Spousal Only	-15%	87%	1%
Survivor & Worker	-18%	99%	0%
Survivor Only	-14%	85%	0%
Retired Disabled	-15%	93%	0%
Disabled Worker	-13%	89%	0%
Claiming Age
62 or younger	-16%	93%	0%
63–66	-19%	97%	0%
67 or older	-19%	92%	0%
Quarters of Coverage
201+	-22%	100%	0%
161–200	-19%	100%	0%
81–160	-14%	95%	0%
0–80	-7%	70%	0%
Own AIME Quintile
$11,030+	-23%	100%	0%
$7,326 - $11,030	-20%	100%	0%
$5,076 - $7,326	-16%	100%	0%
$2,910 - $5,076	-12%	100%	0%
$0-$2,910	-5%	73%	0%
Paying AIME Quintile
$12,519+	-23%	100%	0%
$8,545 - $12,519	-21%	100%	0%
$6,145 - $8,545	-18%	100%	0%
$3,923 - $6,145	-14%	100%	0%
$0-$3,923	-5%	73%	0%
Hhld. Benefit Quintile
$4,389+	-22%	100%	0%
$3,216 - $4,389	-20%	100%	0%
$2,435 - $3,216	-19%	99%	0%
$1,690 - $2,435	-16%	97%	0%
$0-$1,690	-7%	77%	0%
Adj. Gross Income
$181,671+	-22%	99%	0%
$123,969 - $181,671	-20%	99%	0%
$82,014 - $123,969	-19%	98%	0%
$1 - $82,014	-15%	91%	0%
$0.00	-14%	90%	0%
Population: current law beneficiaries aged 60 and older Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 03/09/2012
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: PIA Factors to 90 21 10 versus Payable
Characteristic	Median Percent Change	Percent With
Characteristic	Median Percent Change	Lower Benefits	Higher Benefits
Total	6%	9%	77%
Sex
Female	8%	7%	82%
Male	5%	12%	71%
Race/Ethnicity
Hispanic	9%	5%	87%
White	5%	11%	73%
Black	9%	6%	83%
Other	6%	11%	73%
Immigration
Immigrant	9%	8%	81%
Native Born	6%	9%	76%
Age
60–69	8%	10%	78%
70–79	6%	9%	77%
80–89	5%	10%	73%
90+	7%	4%	88%
Marital Status
Never Married	9%	5%	85%
Married	6%	11%	75%
Divorced	6%	9%	75%
Widowed	6%	6%	80%
Education
Graduate	2%	21%	58%
Bachelor	2%	17%	62%
Associate	6%	5%	81%
High School	9%	4%	87%
Less than 12 Yrs	13%	2%	93%
Indiv. Income Quintile
$141,869+	0%	28%	45%
$76,273 - $141,869	2%	12%	65%
$47,225 - $76,273	5%	4%	81%
$28,018 - $47,225	9%	1%	95%
$0-$28,018	19%	0%	99%
Hhld. Income Quintile
$234,849+	0%	27%	49%
$125,659 - $234,849	3%	12%	66%
$74,813 - $125,659	5%	5%	80%
$41,558 - $74,813	8%	1%	92%
$0-$41,558	16%	0%	99%
Shared Earn. Quintile
$129,152+	0%	34%	29%
$89,585 - $129,152	2%	6%	70%
$63,685 - $89,585	6%	3%	90%
$39,226 - $63,685	11%	1%	97%
$0-$39,226	22%	0%	99%
Benefit Type
Retired Worker	6%	10%	75%
Spousal & Worker	3%	20%	65%
Spousal Only	9%	8%	81%
Survivor & Worker	5%	8%	76%
Survivor Only	10%	8%	87%
Retired Disabled	10%	3%	89%
Disabled Worker	12%	2%	92%
Claiming Age
62 or younger	8%	5%	83%
63–66	4%	12%	71%
67 or older	4%	16%	68%
Quarters of Coverage
201+	1%	22%	54%
161–200	4%	10%	72%
81–160	10%	4%	87%
0–80	20%	5%	91%
Own AIME Quintile
$11,030+	0%	32%	12%
$7,326 - $11,030	3%	4%	94%
$5,076 - $7,326	8%	3%	95%
$2,910 - $5,076	14%	3%	94%
$0-$2,910	23%	5%	90%
Paying AIME Quintile
$12,519+	0%	38%	15%
$8,545 - $12,519	1%	4%	75%
$6,145 - $8,545	6%	2%	97%
$3,923 - $6,145	11%	1%	98%
$0-$3,923	23%	0%	100%
Hhld. Benefit Quintile
$4,389+	0%	23%	49%
$3,216 - $4,389	3%	12%	67%
$2,435 - $3,216	4%	4%	77%
$1,690 - $2,435	8%	2%	96%
$0-$1,690	20%	4%	96%
Adj. Gross Income
$181,671+	0%	28%	48%
$123,969 - $181,671	3%	13%	66%
$82,014 - $123,969	4%	8%	75%
$1 - $82,014	9%	3%	88%
$0.00	11%	1%	93%
Population: current law beneficiaries aged 60 and older Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 03/09/2012
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: PIA Factors to 90 21 10 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	39%	43%	13%	5%	0%	0%	0%
Sex
Female	32%	45%	16%	7%	0%	0%	0%
Male	46%	40%	10%	4%	0%	0%	0%
Race/Ethnicity
Hispanic	25%	48%	19%	8%	0%	0%	0%
White	45%	41%	10%	4%	0%	0%	0%
Black	31%	44%	17%	7%	0%	0%	0%
Other	42%	39%	12%	6%	0%	0%	0%
Immigration
Immigrant	32%	42%	18%	9%	0%	0%	0%
Native Born	41%	43%	12%	4%	0%	0%	0%
Age
60–69	34%	42%	16%	8%	0%	0%	0%
70–79	40%	42%	13%	5%	0%	0%	0%
80–89	45%	41%	10%	4%	0%	0%	0%
90+	30%	57%	12%	2%	0%	0%	0%
Marital Status
Never Married	28%	44%	18%	10%	0%	0%	0%
Married	41%	42%	12%	4%	0%	0%	0%
Divorced	40%	42%	12%	6%	0%	0%	0%
Widowed	38%	45%	12%	4%	0%	0%	0%
Education
Graduate	60%	31%	6%	3%	0%	0%	0%
Bachelor	56%	34%	7%	3%	0%	0%	0%
Associate	36%	48%	13%	4%	0%	0%	0%
High School	27%	49%	17%	7%	0%	0%	0%
Less than 12 Yrs	16%	44%	25%	15%	0%	0%	0%
Indiv. Income Quintile
$141,869+	74%	23%	2%	1%	0%	0%	0%
$76,273 - $141,869	57%	37%	4%	1%	0%	0%	0%
$47,225 - $76,273	41%	48%	9%	2%	0%	0%	0%
$28,018 - $47,225	19%	65%	13%	4%	0%	0%	0%
$0-$28,018	2%	40%	38%	19%	0%	0%	0%
Hhld. Income Quintile
$234,849+	69%	26%	4%	1%	0%	0%	0%
$125,659 - $234,849	55%	37%	6%	2%	0%	0%	0%
$74,813 - $125,659	41%	47%	10%	3%	0%	0%	0%
$41,558 - $74,813	24%	57%	15%	4%	0%	0%	0%
$0-$41,558	5%	46%	32%	17%	0%	0%	0%
Shared Earn. Quintile
$129,152+	86%	13%	1%	0%	0%	0%	0%
$89,585 - $129,152	66%	32%	1%	1%	0%	0%	0%
$63,685 - $89,585	30%	66%	4%	1%	0%	0%	0%
$39,226 - $63,685	9%	76%	14%	1%	0%	0%	0%
$0-$39,226	2%	27%	47%	24%	0%	0%	0%
Benefit Type
Retired Worker	41%	41%	12%	6%	0%	0%	0%
Spousal & Worker	54%	37%	9%	1%	0%	0%	0%
Spousal Only	30%	38%	19%	12%	0%	0%	1%
Survivor & Worker	42%	49%	8%	1%	0%	0%	0%
Survivor Only	24%	42%	18%	15%	0%	0%	0%
Retired Disabled	23%	49%	21%	7%	0%	0%	0%
Disabled Worker	16%	48%	25%	11%	0%	0%	0%
Claiming Age
62 or younger	31%	45%	17%	7%	0%	0%	0%
63–66	46%	41%	9%	3%	0%	0%	0%
67 or older	47%	33%	11%	8%	0%	0%	0%
Quarters of Coverage
201+	69%	30%	1%	0%	0%	0%	0%
161–200	48%	48%	4%	0%	0%	0%	0%
81–160	24%	48%	23%	5%	0%	0%	0%
0–80	15%	27%	27%	30%	0%	0%	0%
Own AIME Quintile
$11,030+	96%	3%	0%	0%	0%	0%	0%
$7,326 - $11,030	63%	37%	0%	0%	0%	0%	0%
$5,076 - $7,326	8%	91%	1%	0%	0%	0%	0%
$2,910 - $5,076	9%	64%	26%	0%	0%	0%	0%
$0-$2,910	16%	19%	38%	27%	0%	0%	0%
Paying AIME Quintile
$12,519+	92%	8%	0%	0%	0%	0%	0%
$8,545 - $12,519	89%	11%	1%	0%	0%	0%	0%
$6,145 - $8,545	9%	89%	1%	0%	0%	0%	0%
$3,923 - $6,145	2%	95%	3%	0%	0%	0%	0%
$0-$3,923	1%	11%	61%	27%	0%	0%	0%
Hhld. Benefit Quintile
$4,389+	73%	27%	1%	0%	0%	0%	0%
$3,216 - $4,389	53%	40%	6%	0%	0%	0%	0%
$2,435 - $3,216	48%	41%	9%	1%	0%	0%	0%
$1,690 - $2,435	14%	72%	11%	2%	0%	0%	0%
$0-$1,690	5%	33%	39%	23%	0%	0%	0%
Adj. Gross Income
$181,671+	70%	26%	3%	1%	0%	0%	0%
$123,969 - $181,671	56%	37%	6%	1%	0%	0%	0%
$82,014 - $123,969	45%	44%	8%	2%	0%	0%	0%
$1 - $82,014	25%	49%	16%	9%	0%	0%	0%
$0.00	17%	50%	23%	10%	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: 03/09/2012
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: PIA Factors to 90 21 10 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	1%	1%	8%	14%	40%	23%	14%
Sex
Female	1%	0%	6%	11%	39%	26%	18%
Male	1%	1%	10%	17%	41%	20%	11%
Race/Ethnicity
Hispanic	1%	0%	4%	8%	38%	28%	21%
White	1%	1%	9%	16%	42%	20%	11%
Black	1%	0%	5%	11%	36%	28%	19%
Other	1%	1%	10%	16%	36%	22%	15%
Immigration
Immigrant	1%	0%	7%	11%	35%	25%	22%
Native Born	1%	1%	8%	15%	41%	22%	12%
Age
60–69	2%	2%	6%	12%	34%	25%	19%
70–79	0%	0%	9%	15%	41%	22%	14%
80–89	0%	0%	10%	17%	42%	20%	10%
90+	0%	0%	4%	8%	50%	29%	9%
Marital Status
Never Married	1%	1%	4%	10%	36%	27%	23%
Married	1%	1%	9%	14%	39%	22%	13%
Divorced	1%	1%	8%	15%	40%	22%	14%
Widowed	0%	0%	6%	14%	45%	23%	12%
Education
Graduate	1%	1%	18%	21%	38%	13%	6%
Bachelor	1%	1%	15%	21%	40%	15%	7%
Associate	1%	1%	4%	14%	44%	25%	12%
High School	1%	0%	3%	9%	40%	28%	18%
Less than 12 Yrs	1%	0%	1%	5%	31%	30%	32%
Indiv. Income Quintile
$141,869+	2%	1%	25%	27%	35%	8%	2%
$76,273 - $141,869	2%	1%	9%	23%	47%	14%	4%
$47,225 - $76,273	0%	0%	4%	14%	53%	21%	8%
$28,018 - $47,225	0%	0%	1%	4%	50%	33%	12%
$0-$28,018	0%	0%	0%	0%	13%	39%	47%
Hhld. Income Quintile
$234,849+	2%	1%	24%	24%	35%	10%	4%
$125,659 - $234,849	1%	1%	9%	22%	45%	16%	6%
$74,813 - $125,659	1%	0%	4%	15%	49%	22%	9%
$41,558 - $74,813	0%	0%	1%	7%	47%	30%	14%
$0-$41,558	0%	0%	0%	1%	22%	37%	40%
Shared Earn. Quintile
$129,152+	2%	1%	31%	37%	25%	3%	1%
$89,585 - $129,152	1%	1%	4%	24%	61%	8%	1%
$63,685 - $89,585	1%	0%	2%	6%	68%	20%	2%
$39,226 - $63,685	0%	0%	1%	1%	37%	51%	9%
$0-$39,226	0%	0%	0%	1%	7%	33%	59%
Benefit Type
Retired Worker	1%	1%	8%	15%	40%	21%	14%
Spousal & Worker	1%	1%	18%	15%	40%	19%	6%
Spousal Only	3%	0%	5%	11%	31%	24%	26%
Survivor & Worker	0%	0%	7%	16%	46%	24%	6%
Survivor Only	4%	0%	4%	5%	33%	24%	29%
Retired Disabled	0%	0%	3%	8%	38%	29%	22%
Disabled Worker	0%	0%	2%	6%	31%	32%	29%
Claiming Age
62 or younger	0%	0%	5%	11%	38%	27%	19%
63–66	1%	1%	10%	17%	43%	20%	9%
67 or older	1%	0%	16%	15%	34%	17%	17%
Quarters of Coverage
201+	2%	1%	18%	24%	46%	8%	0%
161–200	1%	1%	8%	18%	50%	20%	2%
81–160	0%	0%	4%	9%	34%	33%	20%
0–80	1%	0%	4%	5%	18%	20%	52%
Own AIME Quintile
$11,030+	2%	1%	29%	57%	11%	1%	0%
$7,326 - $11,030	1%	1%	2%	3%	92%	2%	0%
$5,076 - $7,326	1%	0%	2%	2%	68%	27%	0%
$2,910 - $5,076	0%	0%	2%	3%	11%	74%	9%
$0-$2,910	1%	0%	4%	5%	16%	11%	63%
Paying AIME Quintile
$12,519+	2%	1%	35%	48%	13%	2%	0%
$8,545 - $12,519	1%	1%	2%	21%	71%	4%	0%
$6,145 - $8,545	1%	0%	1%	0%	92%	5%	1%
$3,923 - $6,145	0%	0%	1%	0%	22%	75%	1%
$0-$3,923	0%	0%	0%	0%	0%	30%	70%
Hhld. Benefit Quintile
$4,389+	0%	0%	22%	28%	41%	7%	0%
$3,216 - $4,389	1%	0%	11%	21%	45%	18%	4%
$2,435 - $3,216	0%	0%	4%	19%	52%	18%	7%
$1,690 - $2,435	1%	1%	1%	1%	53%	33%	10%
$0-$1,690	2%	1%	1%	0%	6%	38%	52%
Adj. Gross Income
$181,671+	2%	1%	24%	25%	36%	9%	3%
$123,969 - $181,671	1%	1%	11%	22%	45%	16%	5%
$82,014 - $123,969	1%	1%	6%	17%	48%	20%	7%
$1 - $82,014	0%	0%	3%	8%	40%	28%	20%
$0.00	0%	0%	1%	6%	35%	33%	26%
Population: current law beneficiaries aged 60 and older Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 03/09/2012
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: PIA Factors to 90 21 10 versus Scheduled
Characteristic	Poverty Rate			# of Poor Change
Characteristic	Scheduled	Option	Diff	# of Poor Change
Total	1.2%	1.2%	0.0%	37,143
Sex
Female	1.6%	1.6%	0.0%	22,571
Male	0.7%	0.7%	0.0%	14,572
Race/Ethnicity
Hispanic	1.7%	1.8%	0.1%	12,690
White	0.8%	0.8%	0.0%	20,210
Black	2.2%	2.2%	0.0%	3,243
Other	1.2%	1.2%	0.0%	998
Immigration
Immigrant	1.5%	1.6%	0.0%	4,952
Native Born	1.1%	1.1%	0.0%	32,191
Age
60–69	1.5%	1.5%	0.0%	4,109
70–79	1.1%	1.2%	0.0%	16,336
80–89	0.9%	1.0%	0.1%	15,028
90+	0.7%	0.7%	0.0%	1,669
Marital Status
Never Married	3.4%	3.5%	0.1%	15,447
Married	0.4%	0.4%	0.0%	2,743
Divorced	1.5%	1.6%	0.1%	14,032
Widowed	1.2%	1.3%	0.0%	4,920
Education
Graduate	0.2%	0.3%	0.0%	2,617
Bachelor	0.4%	0.4%	0.0%	998
Associate	0.6%	0.7%	0.0%	10,226
High School	1.7%	1.8%	0.1%	16,966
Less than 12 Yrs	3.6%	3.7%	0.1%	6,334
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%	6.1%	0.2%	37,143
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%	6.1%	0.2%	37,143
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%	6,583
$0-$39,226	5.8%	5.9%	0.2%	30,559
Benefit Type
Retired Worker	1.1%	1.1%	0.0%	20,100
Spousal & Worker	0.1%	0.3%	0.2%	6,318
Spousal Only	2.4%	2.5%	0.1%	998
Survivor & Worker	0.3%	0.3%	0.0%	0
Survivor Only	5.0%	5.0%	0.0%	0
Retired Disabled	2.0%	2.0%	0.1%	7,452
Disabled Worker	2.3%	2.4%	0.0%	2,273
Claiming Age
62 or younger	1.8%	1.9%	0.1%	31,211
63–66	0.5%	0.5%	0.0%	4,934
67 or older	0.8%	0.8%	0.0%	998
Quarters of Coverage
201+	0.0%	0.0%	0.0%	0
161–200	0.0%	0.0%	0.0%	1,409
81–160	0.7%	0.7%	0.1%	22,704
0–80	7.8%	7.9%	0.1%	13,030
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	0.0%	0.0%	0.0%	3,694
$0-$2,910	5.8%	6.0%	0.2%	31,780
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%	6,318
$3,923 - $6,145	0.0%	0.0%	0.0%	5,479
$0-$3,923	5.8%	6.0%	0.1%	25,346
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%	6.1%	0.2%	37,143
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%	469
$0.00	3.0%	3.2%	0.1%	36,674
Population: current law beneficiaries aged 60 and older Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 03/09/2012
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: PIA Factors to 90 21 10 versus Payable
Characteristic	Poverty Rate			# of Poor Change
Characteristic	Payable	Option	Diff	# of Poor Change
Total	2.3%	1.2%	-1.1%	-1,027,456
Sex
Female	3.0%	1.6%	-1.4%	-693,132
Male	1.5%	0.7%	-0.8%	-334,323
Race/Ethnicity
Hispanic	3.3%	1.8%	-1.5%	-309,717
White	1.5%	0.8%	-0.7%	-392,940
Black	4.6%	2.2%	-2.3%	-231,863
Other	2.1%	1.2%	-0.9%	-92,934
Immigration
Immigrant	3.0%	1.6%	-1.4%	-309,377
Native Born	2.1%	1.1%	-1.0%	-718,078
Age
60–69	2.9%	1.5%	-1.3%	-380,833
70–79	2.3%	1.2%	-1.1%	-391,773
80–89	1.9%	1.0%	-0.9%	-211,405
90+	1.4%	0.7%	-0.7%	-43,443
Marital Status
Never Married	6.2%	3.5%	-2.7%	-367,682
Married	0.8%	0.4%	-0.4%	-207,876
Divorced	3.3%	1.6%	-1.7%	-324,707
Widowed	2.2%	1.3%	-0.9%	-127,190
Education
Graduate	0.7%	0.3%	-0.5%	-51,016
Bachelor	0.7%	0.4%	-0.3%	-70,030
Associate	1.7%	0.7%	-1.0%	-222,304
High School	3.3%	1.8%	-1.5%	-467,855
Less than 12 Yrs	6.1%	3.7%	-2.4%	-216,247
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%	6.1%	-5.5%	-1,027,456
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%	6.1%	-5.5%	-1,027,456
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%	-25,832
$0-$39,226	11.2%	5.9%	-5.3%	-998,961
Benefit Type
Retired Worker	2.2%	1.1%	-1.0%	-673,988
Spousal & Worker	0.5%	0.3%	-0.2%	-5,753
Spousal Only	4.0%	2.5%	-1.5%	-18,955
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%	-146,731
Disabled Worker	4.9%	2.4%	-2.5%	-121,825
Claiming Age
62 or younger	3.5%	1.9%	-1.6%	-744,973
63–66	1.1%	0.5%	-0.6%	-235,365
67 or older	1.6%	0.8%	-0.8%	-47,116
Quarters of Coverage
201+	0.0%	0.0%	0.0%	0
161–200	0.1%	0.0%	-0.1%	-23,457
81–160	2.1%	0.7%	-1.3%	-482,344
0–80	12.5%	7.9%	-4.6%	-521,653
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	0.6%	0.0%	-0.6%	-105,580
$0-$2,910	10.9%	6.0%	-4.9%	-921,875
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%	-4,157
$3,923 - $6,145	0.1%	0.0%	-0.1%	-15,461
$0-$3,923	11.3%	6.0%	-5.3%	-1,007,837
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%	6.1%	-5.4%	-1,027,456
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%	-114,063
$0.00	6.1%	3.2%	-2.9%	-913,392
Population: current law beneficiaries aged 60 and older Source: SSA's Office of Retirement Policy, using MINT 6/TR11 Assumptions/SSMBA 4. Run: 03/09/2012
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: 03/09/2012
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: 03/09/2012
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.