Appendix Table  30:
The Impact of Potential OASI Reforms on Average Benefits
                             Non-College (r=5%)                  

Quintile of Average Benefits                     Lowest  Middle Highest  All 

                                                      Birth Cohort 1945-49

 0 Current Rules                                  3782.  8597. 17179.  9071.
 1 38% Tax Hike Beginning in Year 2000            3782.  8597. 17179.  9071.
 2 25% Benefit Cut Beginning in Year 2000         2841.  6520. 12937.  6861.
 3 Acclerated Increase in NRA                     2837.  6846. 13653.  7217.
 4 CPI Indexing of Covered Earnings               3414.  7885. 16255.  8411.
 5 Indexing Benefits by CPI Minus 1%              3416.  7664. 15373.  8117.
 6 Stabilize Real Per Capita Benefits             3346.  7634. 15231.  8053.
 7 Freeze Bend Points in Real Terms               3667.  8347. 16461.  8759.
 8 Eliminate Earnings Ceiling                     3783.  8634. 18428.  9300.
 9 Eliminate Earnings Ceiling w/o Benefit Change  3782.  8597. 17179.  9071.
10 Increase Computation Years from 35 to 40       3555.  8271. 16716.  8742.
  
                                                      Birth Cohort 1970-74

 0 Current Rules                                  3744.  9369. 20128. 10022.
 1 38% Tax Hike Beginning in Year 2000            3744.  9369. 20128. 10022.
 2 25% Benefit Cut Beginning in Year 2000         2824.  7090. 15140.  7547.
 3 Acclerated Increase in NRA                     3039.  7761. 17059.  8369.
 4 CPI Indexing of Covered Earnings               3268.  8522. 18986.  9221.
 5 Indexing Benefits by CPI Minus 1%              3353.  8250. 17896.  8897.
 6 Stabilize Real Per Capita Benefits             2278.  5770. 12342.  6151.
 7 Freeze Bend Points in Real Terms               3392.  8377. 17464.  8805.
 8 Eliminate Earnings Ceiling                     3744.  9446. 25704. 10948.
 9 Eliminate Earnings Ceiling w/o Benefit Change  3744.  9369. 20128. 10022.
10 Increase Computation Years from 35 to 40       3470.  8957. 19812.  9704.
  
                                                      Birth Cohort 1995-00

 0 Current Rules                                  4881. 12146. 26627. 12898.
 1 38% Tax Hike Beginning in Year 2000            4881. 12146. 26627. 12898.
 2 25% Benefit Cut Beginning in Year 2000         3653.  9200. 20011.  9714.
 3 Acclerated Increase in NRA                     3957. 10306. 23189. 10946.
 4 CPI Indexing of Covered Earnings               4267. 11145. 24987. 11881.
 5 Indexing Benefits by CPI Minus 1%              4362. 10793. 23826. 11516.
 6 Stabilize Real Per Capita Benefits             1207.  3140.  6848.  3288.
 7 Freeze Bend Points in Real Terms               4053. 10067. 21049. 10305.
 8 Eliminate Earnings Ceiling                     4888. 12259. 32896. 13904.
 9 Eliminate Earnings Ceiling w/o Benefit Change  4881. 12146. 26627. 12898.
10 Increase Computation Years from 35 to 40       4572. 11668. 26153. 12478.
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Source: Author's calculations.