Appendix Table 25: The Impact of Potential OASI Reforms on Average Benefits Men (r=5%) Quintile of Average Benefits Lowest Middle Highest All Birth Cohort 1945-49 0 Current Rules 3640. 8611. 17365. 10934. 1 38% Tax Hike Beginning in Year 2000 3640. 8611. 17365. 10934. 2 25% Benefit Cut Beginning in Year 2000 2733. 6479. 13087. 8291. 3 Acclerated Increase in NRA 2819. 6925. 13548. 8277. 4 CPI Indexing of Covered Earnings 3266. 7874. 16388. 10188. 5 Indexing Benefits by CPI Minus 1% 3252. 7677. 15521. 9886. 6 Stabilize Real Per Capita Benefits 3247. 7636. 15387. 9734. 7 Freeze Bend Points in Real Terms 3524. 8351. 16660. 10534. 8 Eliminate Earnings Ceiling 3640. 8649. 18803. 11335. 9 Eliminate Earnings Ceiling w/o Benefit Change 3640. 8611. 17365. 10934. 10 Increase Computation Years from 35 to 40 3404. 8297. 16897. 10598. Birth Cohort 1970-74 0 Current Rules 3789. 9327. 20397. 11958. 1 38% Tax Hike Beginning in Year 2000 3789. 9327. 20397. 11958. 2 25% Benefit Cut Beginning in Year 2000 2839. 7131. 15330. 9024. 3 Acclerated Increase in NRA 3102. 7878. 16951. 9736. 4 CPI Indexing of Covered Earnings 3225. 8522. 19146. 11106. 5 Indexing Benefits by CPI Minus 1% 3264. 8270. 18162. 10738. 6 Stabilize Real Per Capita Benefits 2281. 5807. 12435. 7319. 7 Freeze Bend Points in Real Terms 3432. 8391. 17688. 10460. 8 Eliminate Earnings Ceiling 3783. 9424. 27011. 13627. 9 Eliminate Earnings Ceiling w/o Benefit Change 3789. 9327. 20397. 11958. 10 Increase Computation Years from 35 to 40 3523. 8949. 20074. 11652. Birth Cohort 1995-00 0 Current Rules 4978. 12286. 27581. 16313. 1 38% Tax Hike Beginning in Year 2000 4978. 12286. 27581. 16313. 2 25% Benefit Cut Beginning in Year 2000 3721. 9372. 20723. 12282. 3 Acclerated Increase in NRA 4055. 10509. 24177. 13769. 4 CPI Indexing of Covered Earnings 4354. 11262. 25858. 15136. 5 Indexing Benefits by CPI Minus 1% 4390. 10906. 24725. 14712. 6 Stabilize Real Per Capita Benefits 1209. 3159. 7068. 4129. 7 Freeze Bend Points in Real Terms 4089. 10229. 21824. 12963. 8 Eliminate Earnings Ceiling 4977. 12411. 36697. 18632. 9 Eliminate Earnings Ceiling w/o Benefit Change 4978. 12286. 27581. 16313. 10 Increase Computation Years from 35 to 40 4623. 11834. 27074. 15881. ____________________________________________________________________________ Source: Author's calculations.