Appendix Table 32: The Impact of Potential OASI Reforms on Average Benefits Non-White, Non-College-Educated Women (r=5%) Quintile of Average Benefits Lowest Middle Highest All Birth Cohort 1945-49 0 Current Rules 3843. 8771. 17136. 8187. 1 38% Tax Hike Beginning in Year 2000 3843. 8771. 17136. 8187. 2 25% Benefit Cut Beginning in Year 2000 2879. 6581. 12873. 6227. 3 Accelerated Increase in NRA 2900. 6856. 13539. 6783. 4 CPI Indexing of Covered Earnings 3411. 8012. 15799. 7544. 5 Indexing Benefits by CPI Minus 1% 3465. 7851. 14795. 7298. 6 Stabilize Real Per Capita Benefits 3310. 7758. 14790. 7253. 7 Freeze Bend Points in Real Terms 3731. 8563. 15987. 7927. 8 Eliminate Earnings Ceiling 3843. 8723. 19544. 8356. 9 Eliminate Earnings Ceiling w/o Benefit Change 3843. 8771. 17136. 8187. 10 Increase Computation Years from 35 to 40 3556. 8598. 16565. 7889. Birth Cohort 1970-74 0 Current Rules 3548. 9121. 20753. 9278. 1 38% Tax Hike Beginning in Year 2000 3548. 9121. 20753. 9278. 2 25% Benefit Cut Beginning in Year 2000 2775. 7006. 15705. 7031. 3 Accelerated Increase in NRA 3028. 7704. 17431. 7974. 4 CPI Indexing of Covered Earnings 3157. 8371. 19706. 8525. 5 Indexing Benefits by CPI Minus 1% 3395. 8084. 18474. 8095. 6 Stabilize Real Per Capita Benefits 2281. 5778. 12917. 5824. 7 Freeze Bend Points in Real Terms 3266. 8170. 18064. 8232. 8 Eliminate Earnings Ceiling 3548. 9308. 29288. 10313. 9 Eliminate Earnings Ceiling w/o Benefit Change 3548. 9121. 20753. 9278. 10 Increase Computation Years from 35 to 40 3325. 8813. 20369. 8986. Birth Cohort 1995-00 0 Current Rules 4419. 12007. 25030. 11076. 1 38% Tax Hike Beginning in Year 2000 4419. 12007. 25030. 11076. 2 25% Benefit Cut Beginning in Year 2000 3326. 9023. 18775. 8335. 3 Accelerated Increase in NRA 3668. 10165. 22116. 9452. 4 CPI Indexing of Covered Earnings 3830. 10948. 23509. 10148. 5 Indexing Benefits by CPI Minus 1% 4037. 10537. 22233. 9760. 6 Stabilize Real Per Capita Benefits 1119. 3214. 6533. 2905. 7 Freeze Bend Points in Real Terms 3831. 9929. 19897. 8942. 8 Eliminate Earnings Ceiling 4401. 12054. 32478. 12009. 9 Eliminate Earnings Ceiling w/o Benefit Change 4419. 12007. 25030. 11076. 10 Increase Computation Years from 35 to 40 4136. 11590. 24527. 10711. ____________________________________________________________________________ Source: Author's calculations.