Appendix Table 31: The Impact of Potential OASI Reforms on Average Benefits White, College-Educated Men (r=5%) Quintile of Average Benefits Lowest Middle Highest All Birth Cohort 1945-49 0 Current Rules 3685. 8692. 17465. 12417. 1 38% Tax Hike Beginning in Year 2000 3685. 8692. 17465. 12417. 2 25% Benefit Cut Beginning in Year 2000 2779. 6493. 13134. 9413. 3 Accelerated Increase in NRA 2943. 7087. 13526. 9357. 4 CPI Indexing of Covered Earnings 3298. 7897. 16420. 11629. 5 Indexing Benefits by CPI Minus 1% 3323. 7746. 15588. 11204. 6 Stabilize Real Per Capita Benefits 3214. 7706. 15462. 11037. 7 Freeze Bend Points in Real Terms 3532. 8440. 16756. 11931. 8 Eliminate Earnings Ceiling 3685. 8710. 19499. 13198. 9 Eliminate Earnings Ceiling w/o Benefit Change 3685. 8692. 17465. 12417. 10 Increase Computation Years from 35 to 40 3491. 8368. 16966. 12049. Birth Cohort 1970-74 0 Current Rules 3643. 9222. 20622. 13224. 1 38% Tax Hike Beginning in Year 2000 3643. 9222. 20622. 13224. 2 25% Benefit Cut Beginning in Year 2000 2676. 7078. 15519. 9986. 3 Accelerated Increase in NRA 2964. 7895. 17136. 10756. 4 CPI Indexing of Covered Earnings 3077. 8470. 19325. 12350. 5 Indexing Benefits by CPI Minus 1% 3218. 8223. 18284. 11866. 6 Stabilize Real Per Capita Benefits 2182. 5762. 12566. 8089. 7 Freeze Bend Points in Real Terms 3308. 8352. 17839. 11550. 8 Eliminate Earnings Ceiling 3643. 9341. 28588. 15806. 9 Eliminate Earnings Ceiling w/o Benefit Change 3643. 9222. 20622. 13224. 10 Increase Computation Years from 35 to 40 3454. 8950. 20293. 12908. Birth Cohort 1995-00 0 Current Rules 4878. 12320. 27902. 18885. 1 38% Tax Hike Beginning in Year 2000 4878. 12320. 27902. 18885. 2 25% Benefit Cut Beginning in Year 2000 3662. 9420. 20968. 14190. 3 Accelerated Increase in NRA 3975. 10583. 24608. 16102. 4 CPI Indexing of Covered Earnings 4383. 11282. 26118. 17557. 5 Indexing Benefits by CPI Minus 1% 4296. 10891. 24927. 16983. 6 Stabilize Real Per Capita Benefits 1161. 3153. 7133. 4763. 7 Freeze Bend Points in Real Terms 3981. 10244. 22070. 14960. 8 Eliminate Earnings Ceiling 4863. 12455. 39076. 22923. 9 Eliminate Earnings Ceiling w/o Benefit Change 4878. 12320. 27902. 18885. 10 Increase Computation Years from 35 to 40 4527. 11908. 27345. 18397. ____________________________________________________________________________ Source: Author's calculations.