Appendix Table 28: The Impact of Potential OASI Reforms on Average Benefits Non-White (r=5%) Quintile of Average Benefits Lowest Middle Highest All Birth Cohort 1945-49 0 Current Rules 3755. 8662. 16692. 9294. 1 38% Tax Hike Beginning in Year 2000 3755. 8662. 16692. 9294. 2 25% Benefit Cut Beginning in Year 2000 2836. 6499. 12650. 7047. 3 Acclerated Increase in NRA 2869. 6811. 13589. 7424. 4 CPI Indexing of Covered Earnings 3368. 7893. 15786. 8565. 5 Indexing Benefits by CPI Minus 1% 3423. 7727. 14890. 8314. 6 Stabilize Real Per Capita Benefits 3303. 7674. 14707. 8237. 7 Freeze Bend Points in Real Terms 3631. 8411. 15962. 8969. 8 Eliminate Earnings Ceiling 3755. 8651. 17863. 9456. 9 Eliminate Earnings Ceiling w/o Benefit Change 3755. 8662. 16692. 9294. 10 Increase Computation Years from 35 to 40 3498. 8343. 16230. 8947. Birth Cohort 1970-74 0 Current Rules 3793. 9192. 20196. 10429. 1 38% Tax Hike Beginning in Year 2000 3793. 9192. 20196. 10429. 2 25% Benefit Cut Beginning in Year 2000 2907. 6975. 15141. 7866. 3 Acclerated Increase in NRA 3141. 7717. 17056. 8739. 4 CPI Indexing of Covered Earnings 3347. 8376. 19026. 9576. 5 Indexing Benefits by CPI Minus 1% 3444. 8210. 18019. 9242. 6 Stabilize Real Per Capita Benefits 2374. 5756. 12414. 6420. 7 Freeze Bend Points in Real Terms 3465. 8273. 17590. 9180. 8 Eliminate Earnings Ceiling 3782. 9329. 28409. 11935. 9 Eliminate Earnings Ceiling w/o Benefit Change 3793. 9192. 20196. 10429. 10 Increase Computation Years from 35 to 40 3527. 8852. 19885. 10090. Birth Cohort 1995-00 0 Current Rules 4790. 12156. 25467. 12710. 1 38% Tax Hike Beginning in Year 2000 4790. 12156. 25467. 12710. 2 25% Benefit Cut Beginning in Year 2000 3588. 9174. 19099. 9564. 3 Acclerated Increase in NRA 3928. 10188. 22016. 10670. 4 CPI Indexing of Covered Earnings 4110. 11083. 23970. 11684. 5 Indexing Benefits by CPI Minus 1% 4298. 10736. 22795. 11338. 6 Stabilize Real Per Capita Benefits 1188. 3159. 6547. 3277. 7 Freeze Bend Points in Real Terms 4013. 10073. 20217. 10164. 8 Eliminate Earnings Ceiling 4781. 12261. 32911. 13862. 9 Eliminate Earnings Ceiling w/o Benefit Change 4790. 12156. 25467. 12710. 10 Increase Computation Years from 35 to 40 4445. 11708. 25019. 12305. ____________________________________________________________________________ Source: Author's calculations.