INDEX A Actuarial balance 11, 17, 51, 162, 175 Actuarial deficit 4, 17, 24, 69, 205 Actuarial estimates, LR 51 Actuarial estimates, SR 40 Adjusted program amounts 113 Administrative expenses 7, 37, 52, 149, 153, 169, 206, 214 Advance tax transfers 64, 155 Amendments 39 Annual balance 22, 51, 74 Asset reserves 2, 7, 10, 31, 169, 182, 200, 212 Assumptions 10, 80, 97, 113, 162, 175, 201, 206, 211, 223 Automatic cost-of-living benefit increase 44, 98, 113 Auxiliary benefits 123 Average benefits 146 Average earnings assumptions 100 Average indexed monthly earnings (AIME) 116 Average wage index 113, 211 Award 124 B Baby-boom generation 4, 24, 52, 60, 106, 131 Bend points 116 Beneficiaries, DI 130 Beneficiary 14, 44, 60, 80, 114, 165, 176, 206, 214, 223 Beneficiary, OASI 124 Benefit payments 7, 52, 146, 153, 169 Benefit termination 9 Best estimate 9, 40, 80 Board of Trustees 40, 97, 151 C Constant dollars 216 Consumer Price Index 98, 180, 211, 228 Contribution and benefit base 43, 100, 114, 228 Contributions 7, 151, 169, 200, 206, 214, 227 Cost 3, 46 Cost rate 4, 52, 200 Cost-of-living adjustment 113 Covered earnings 7, 113, 210 Covered employment 9, 43, 100, 121, 151, 179 Covered worker 62, 121, 178 Creditable earnings 230 Current dollars 211 Current-payment status 46, 135, 137, 228 D Deemed wage credit 52 Delayed retirement credit 120 Demographic assumptions 9, 22, 40, 81, 106, 113, 162, 212, 227 Deterministic model 186, 195 DI beneficiaries 130 Disability 151, 178, 223 Disability conversion ratio 136 Disability incidence rate 80, 131, 133, 178, 183, 227 Disability Insurance Trust Fund 229 Disability prevalence rate 137, 139 Disability termination rate 183 Disabled-worker benefit 134, 230 Disbursements 27, 29, 32, 33, 35, 40, 169, 170, 171, 224, 226 E Earnings 2, 7, 43, 52, 100, 114, 151, 163, 200, 210, 211, 227 Earnings test 100, 114, 228 Economic assumptions 9, 22, 40, 49, 97, 106, 113, 162, 212, 227 Excess wages 52, 211 Expenditures 7, 9, 31, 38, 40, 153, 231 F Federal Insurance Contributions Act 200, 237 Fertility assumptions 81 Financial interchange 7, 149, 153 Fiscal year 85, 155, 168 Full advance funding 232 G General Fund of the Treasury 42, 44, 46, 48, 155, 157, 159, 172, 173, 174, 227 General fund reimbursement 232 Gross domestic product 4, 11, 57, 80, 98, 108, 206 Gross domestic product projections 108 H High-cost assumptions 9, 19, 40, 41, 53, 80, 97, 134, 175, 193, 201, 206, 211, 227 Hospital Insurance program 143, 200, 235 Hospital Insurance Trust Fund 206 I Immigration 9, 80, 81, 85, 89, 178, 186, 227, 233 Immigration assumptions 85 Income rate 4, 12, 52, 200 Infinite horizon 11 Inflation 9, 80, 98, 211, 227 Inflation assumptions 98 Insured population 9, 122 Insured status 118 Interest 43, 109, 152, 162, 169, 202, 227 Interest rate 80, 162, 182, 227 Interest rate projections 109 Interest rates 9 Interfund borrowing 155, 234 Intermediate assumptions 9, 40, 44, 53, 80, 134, 175, 202, 206, 211, 215, 216, 217, 223, 227 L Labor force projections 105 Legal immigration 85, 90, 234 Life expectancy 4, 24, 80, 93, 105, 234 Life expectancy estimates 93 Long range 11, 51, 81, 125, 162, 200, 206 Low-cost assumptions 9, 19, 40, 53, 80, 97, 134, 175, 193, 201, 211, 227 Lump-sum death payment 147 M Medicare 83, 235 Military service 42, 46, 48, 52, 150, 151, 155, 157, 159, 172, 173, 174 N National average wage index 113, 211 Normal retirement age 114, 130, 147, 230 O OASI beneficiaries 124 Old-Age and Survivors Insurance Trust Fund 151, 229 Old-law base 118 Other immigration 85, 178, 236 P Par value 152 Partial advance funding 236 Pay-as-you-go financing 162 Payroll taxes 2, 113, 141, 165, 196, 200, 214 Population estimates 91 Population in the Social Security area 43, 63, 91, 121, 178 Present value 162 Primary insurance amount (PIA) 116 Productivity assumptions 98 Q Quarters of coverage 122 R Railroad Retirement 52, 68, 118, 149, 153, 169, 170, 171, 200, 206, 214, 229 Reallocation of tax rates 238 Real-wage differential 103, 179 Retired-worker benefit 125, 178, 223 Retirement age 114, 147, 230 Retirement earnings test 100, 114 Retirement eligibility age 178 S Scenario-based model 238 Scheduled benefits 181, 206, 214, 225, 238 scheduled benefits 41 Self-employment 52, 98, 201, 237 Self-Employment Contributions Act 237, 238 Sensitivity analysis 175 Short range 10, 40, 124 Social Security Act 113, 152, 211, 223, 229 Social Security amendments 39 Solvency 239 Special public-debt obligation 112, 152, 182 Stochastic projections 186 Substantial gainful activity 130, 230 Summarized balance 207 Summarized income and cost rates 68, 162, 175, 204, 227 Supplemental Security Income 169 Supplementary Medical Insurance program 200, 235 Survivor benefit 2, 8, 128, 228 Sustainable solvency 64, 65 T Taxable earnings 43, 63, 114, 163, 228 Taxable payroll 4, 24, 52, 98, 122, 162, 176, 200, 206, 211, 229 Taxable self-employment income 240 Taxable wages 145, 201, 240 Taxation of benefits 7, 145, 206, 214, 233 Taxes 7, 113, 201 Termination 80 Termination rate 9, 125, 183, 227 Test of short-range financial adequacy 41, 238 Total fertility rate 81, 175 Trust fund financial operations 7, 27, 41, 151 Trust fund ratio 10, 40, 51, 64, 155, 172, 242 Trust fund reserves 40 U Unemployment projections 105 Unfunded obligation 4, 11, 17, 19, 51, 71, 72, 197, 198, 199, 236, 243 Unnegotiated check 169 V Valuation period 17, 48, 51, 162, 175, 204, 227 Vocational rehabilitation 52, 153, 170, 206, 214, 225, 229 Y Year of depletion 12, 16, 51, 66
