Table 1--Financial Effects of the Social Security Guarantee Plus (SSGP) Plan (H.R. 75)--Individual Account (IA) Contributions from General Fund Indefinitely with Average Investment at 65 Percent Equity
IA proceeds
go to estate
if worker dies
before entitlement
Expected SSGP Yield
Ultimate Real Trust Fund Interest Rate: 3.00
Ultimate Real SSGP Account Yield Rate: 5.20
Ultimate Real SSGP Annuity Yield Rate: 5.20
SSGP Transfer Rate to Trust Funds = 95%;
Assumed SSGP Participation Rate = 100.0%
Year
OASDI
Trust
Fund
Ratio
1-1-Year
Marginal
Change
in OASDI
Contribution
Rate
Net
OASDI
Contribution
Rate
SSGP
Contribution
from
Trust Funds
Average
IA
Contribution
Rate
Cost
Rate 1/
Income
Rate
Annual
Balance
2002
10.84
12.73
1.88
261
 
12.40
 
 
2003
10.51
12.72
2.21
288
 
12.40
 
2.36
2004
10.59
12.73
2.14
309
 
12.40
 
2.36
2005
10.61
12.73
2.12
330
 
12.40
 
2.36
2006
10.65
12.73
2.08
351
 
12.40
 
2.36
2007
10.68
12.74
2.06
373
 
12.40
 
2.36
2008
10.78
12.75
1.97
393
 
12.40
 
2.36
2009
10.97
12.77
1.79
408
 
12.40
 
2.36
2010
11.15
12.79
1.64
423
 
12.40
 
2.36
2011
11.33
12.83
1.50
436
 
12.40
 
2.36
2012
11.54
12.85
1.31
447
 
12.40
 
2.36
2013
11.77
12.87
1.10
456
 
12.40
 
2.36
2014
12.02
12.89
0.86
462
 
12.40
 
2.36
2015
12.30
12.91
0.61
465
 
12.40
 
2.36
2016
12.60
12.93
0.33
466
 
12.40
 
2.36
2017
12.91
12.95
0.04
464
 
12.40
 
2.36
2018
13.24
12.97
-0.26
459
 
12.40
 
2.36
2019
13.57
13.00
-0.57
453
 
12.40
 
2.36
2020
13.89
13.02
-0.87
445
 
12.40
 
2.36
2021
14.21
13.04
-1.17
436
 
12.40
 
2.36
2022
14.51
13.07
-1.44
426
 
12.40
 
2.36
2023
14.79
13.09
-1.70
415
 
12.40
 
2.36
2024
15.04
13.11
-1.93
404
 
12.40
 
2.36
2025
15.26
13.13
-2.13
392
 
12.40
 
2.36
2026
15.46
13.15
-2.31
379
 
12.40
 
2.36
2027
15.63
13.17
-2.46
366
 
12.40
 
2.36
2028
15.76
13.18
-2.57
354
 
12.40
 
2.36
2029
15.85
13.20
-2.64
341
 
12.40
 
2.36
2030
15.90
13.21
-2.68
329
 
12.40
 
2.36
2031
15.91
13.23
-2.69
317
 
12.40
 
2.36
2032
15.91
13.24
-2.67
305
 
12.40
 
2.36
2033
15.87
13.25
-2.62
294
 
12.40
 
2.36
2034
15.78
13.26
-2.53
283
 
12.40
 
2.36
2035
15.67
13.26
-2.40
274
 
12.40
 
2.36
2036
15.52
13.27
-2.25
265
 
12.40
 
2.36
2037
15.35
13.27
-2.08
258
 
12.40
 
2.36
2038
15.16
13.28
-1.89
251
 
12.40
 
2.36
2039
14.96
13.28
-1.68
246
 
12.40
 
2.36
2040
14.74
13.28
-1.46
242
 
12.40
 
2.36
2041
14.53
13.28
-1.24
240
 
12.40
 
2.36
2042
14.31
13.29
-1.02
238
 
12.40
 
2.36
2043
14.09
13.29
-0.80
239
 
12.40
 
2.36
2044
13.88
13.29
-0.58
241
 
12.40
 
2.36
2045
13.67
13.30
-0.37
244
 
12.40
 
2.36
2046
13.47
13.30
-0.17
249
 
12.40
 
2.36
2047
13.28
13.31
0.03
255
 
12.40
 
2.36
2048
13.10
13.31
0.21
263
 
12.40
 
2.36
2049
12.92
13.32
0.40
272
 
12.40
 
2.36
2050
12.75
13.32
0.57
284
 
12.40
 
2.36
2051
12.60
13.33
0.73
296
 
12.40
 
2.36
2052
12.46
13.33
0.87
310
 
12.40
 
2.36
2053
12.34
13.34
1.00
325
 
12.40
 
2.36
2054
12.22
13.35
1.13
342
 
12.40
 
2.36
2055
12.11
13.35
1.24
360
 
12.40
 
2.36
2056
12.01
13.36
1.35
379
 
12.40
 
2.36
2057
11.91
13.37
1.46
400
 
12.40
 
2.36
2058
11.82
13.38
1.56
422
 
12.40
 
2.36
2059
11.73
13.38
1.65
445
 
12.40
 
2.36
2060
11.65
13.39
1.74
470
 
12.40
 
2.36
2061
11.58
13.40
1.82
496
 
12.40
 
2.36
2062
11.52
13.40
1.89
522
 
12.40
 
2.36
2063
11.47
13.41
1.94
549
 
12.40
 
2.36
2064
11.42
13.42
1.99
578
 
12.40
 
2.36
2065
11.39
13.42
2.03
606
 
12.40
 
2.36
2066
11.37
13.43
2.07
636
 
12.40
 
2.36
2067
11.35
13.44
2.09
665
 
12.40
 
2.36
2068
11.34
13.44
2.10
695
 
12.40
 
2.36
2069
11.34
13.45
2.11
725
 
12.40
 
2.36
2070
11.35
13.46
2.11
756
 
12.40
 
2.36
2071
11.36
13.46
2.10
786
 
12.40
 
2.36
2072
11.38
13.47
2.09
816
 
12.40
 
2.36
2073
11.41
13.47
2.07
847
 
12.40
 
2.36
2074
11.43
13.48
2.04
877
 
12.40
 
2.36
2075
11.47
13.48
2.01
907
 
12.40
 
2.36
2076
11.51
13.49
1.98
937
 
12.40
 
2.36
2077
11.57
13.49
1.93
965
 
12.40
 
2.36
 
Summarized
 
 
 
 
 
 
Cost
Rate
Income
Rate
Acturial
Balance
Change in
Acturial
Balance
 
 
 
 
2002-
2076
13.04
13.74
0.70
2.57
 
 
 
 
Based on Intermediate Assumptions of the 2002 Trustees Report.
1/ Net of Benefit Cost Reductions from SSGP Transfers.
Office of the Actuary
Social Security Administration
January 7, 2003

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