Choosing the Nation's Fiscal Future

Questions? Call 800-624-6242

About | Ordering | New

LoginRegister

| Items in cart [0]

PAPERBACK
price:$53.95
add to cart

Rights & Permissions

Free PDF Access

Free Resources

Related Titles

Choosing the Nation's Fiscal Future (2010)
National Research Council (NRC)

Citation Manager Export the bibliographic data for this book in your chosen format
Web Search Builder Use this book's key terms to search within this book, across our collection, or across the Web.
Skim This Chapter Skim this chapter and use this chapter's key terms to search within this book.
Reference Finder Paste in your own text to find books that relate to your topic.

Citation Manager

. "Appendix C: Social Security Options." Choosing the Nation's Fiscal Future. Washington, DC: The National Academies Press, 2010.

Please select a format:

Page
256


E-mail Share on facebook Facebook Share on delicious Delicious Share on stumbleupon Stumble Share on twitter Twitter More Sharing ServicesMore

The following HTML text is provided to enhance online readability. Many aspects of typography translate only awkwardly to HTML. Please use the page image as the authoritative form to ensure accuracy.

Choosing the Nation’s Fiscal Future

TABLE C-3 Projected Monthly Social Security Benefits in 2009 Dollars, Selected Years, for Workers Newly Retired at Age 65, Scheduled Under Current Law Compared with Options 1-4, and at Various Illustrative Earning Levels

Selected Years	Current Law	Option 1^a	Option 2^b	Option 3^c	Option 4^d
Scaled Very Low Earner ($10,510 for 2009)
2000	564	NA	NA	NA	NA
2010	638	638	638	638	638
2020	689	642	689	689	689
2035	754	714	754	754	754
2050	887	799	887	887	887
2065	1,041	903	1,041	1,041	1,041
2082	1,249	1,029	1,249	1,249	1,249
Scaled Low Earner ($18,919 for 2009)
2000	738	NA	NA	NA	NA
2010	834	834	834	834	834
2020	901	840	901	901	901
2035	986	934	986	986	986
2050	1,161	1,045	1,161	1,161	1,161
2065	1,362	1,181	1,362	1,362	1,362
2082	1,633	1,347	1,633	1,633	1,633
Scaled Medium Earner ($42,042 for 2009)
2000	1,217	NA	NA	NA	NA
2010	1,375	1,375	1,375	1,375	1,375
2020	1,485	1,324	1,421	1,421	1,485
2035	1,625	1,359	1,435	1,523	1,625
2050	1,912	1,405	1,559	1,792	1,912
2065	2,244	1,572	1,711	2,069	2,244
2082	2,691	1,707	2,052	2,264	2,691
Scaled High Earner ($67,267 for 2009)
2000	1,582	NA	NA	NA	NA
2010	1,822	1,822	1,822	1,822	1,822
2020	1,968	1,716	1,842	1,842	1,968
2035	2,154	1,683	1,777	1,951	2,154
2050	2,534	1,653	1,835	2,295	2,534
2065	2,974	1,836	1,917	2,627	2,974
2082	3,567	1,926	2,299	2,720	3,567
Steady Maximum Earner^e ($106,800 for 2009)
2000	1,779	NA	NA	NA	NA
2010	2,156	2,156	2,156	2,156	2,156
2020	2,396	2,062	2,213	2,213	2,396
2035	2,634	1,977	2,088	2,340	2,634
2050	3,094	1,875	2,082	2,748	3,094
2065	3,628	2,073	2,101	3,126	3,628
2082	4,350	2,122	2,520	3,128	4,350
NOTE: NA = not applicable. ^aBenefit changes only. ^b2/3 benefit-growth reductions; 1/3 payroll-tax increases. ^c1/3 benefit-growth reductions; 2/3 payroll-tax increases. ^dPayroll-tax increases only. ^eThat is, at the cap under the current-law Social Security payroll tax.