Table 6--Financial Effects of the Social Security Guarantee Plus (SSGP) Plan (H.R. 75)--Individual Account (IA) Contributions from General Fund Indefinitely: Sensitivity = All Investments at 60 Percent Equity, 40 Percent Corporate Bonds
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: 5.05
Ultimate Real SSGP Annuity Yield Rate: 5.05
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
455
 
12.40
 
2.36
2014
12.03
12.89
0.86
461
 
12.40
 
2.36
2015
12.30
12.91
0.60
465
 
12.40
 
2.36
2016
12.60
12.93
0.32
465
 
12.40
 
2.36
2017
12.92
12.95
0.03
463
 
12.40
 
2.36
2018
13.24
12.97
-0.27
459
 
12.40
 
2.36
2019
13.57
13.00
-0.58
453
 
12.40
 
2.36
2020
13.90
13.02
-0.88
445
 
12.40
 
2.36
2021
14.22
13.04
-1.18
436
 
12.40
 
2.36
2022
14.52
13.07
-1.46
425
 
12.40
 
2.36
2023
14.80
13.09
-1.71
414
 
12.40
 
2.36
2024
15.06
13.11
-1.95
403
 
12.40
 
2.36
2025
15.28
13.13
-2.15
390
 
12.40
 
2.36
2026
15.48
13.15
-2.33
378
 
12.40
 
2.36
2027
15.66
13.17
-2.49
365
 
12.40
 
2.36
2028
15.79
13.18
-2.60
352
 
12.40
 
2.36
2029
15.88
13.20
-2.68
339
 
12.40
 
2.36
2030
15.94
13.21
-2.72
326
 
12.40
 
2.36
2031
15.96
13.23
-2.73
314
 
12.40
 
2.36
2032
15.96
13.24
-2.72
302
 
12.40
 
2.36
2033
15.92
13.25
-2.67
290
 
12.40
 
2.36
2034
15.85
13.26
-2.59
279
 
12.40
 
2.36
2035
15.74
13.26
-2.47
269
 
12.40
 
2.36
2036
15.60
13.27
-2.33
260
 
12.40
 
2.36
2037
15.44
13.27
-2.16
252
 
12.40
 
2.36
2038
15.26
13.28
-1.98
245
 
12.40
 
2.36
2039
15.06
13.28
-1.78
238
 
12.40
 
2.36
2040
14.86
13.28
-1.57
234
 
12.40
 
2.36
2041
14.65
13.28
-1.37
230
 
12.40
 
2.36
2042
14.44
13.29
-1.16
227
 
12.40
 
2.36
2043
14.23
13.29
-0.94
226
 
12.40
 
2.36
2044
14.03
13.29
-0.74
227
 
12.40
 
2.36
2045
13.84
13.30
-0.54
228
 
12.40
 
2.36
2046
13.65
13.30
-0.35
231
 
12.40
 
2.36
2047
13.47
13.30
-0.17
235
 
12.40
 
2.36
2048
13.30
13.31
0.01
241
 
12.40
 
2.36
2049
13.13
13.31
0.18
248
 
12.40
 
2.36
2050
12.97
13.32
0.35
256
 
12.40
 
2.36
2051
12.83
13.32
0.49
266
 
12.40
 
2.36
2052
12.70
13.33
0.63
277
 
12.40
 
2.36
2053
12.59
13.34
0.75
289
 
12.40
 
2.36
2054
12.48
13.34
0.86
302
 
12.40
 
2.36
2055
12.38
13.35
0.96
317
 
12.40
 
2.36
2056
12.29
13.35
1.06
332
 
12.40
 
2.36
2057
12.20
13.36
1.16
349
 
12.40
 
2.36
2058
12.12
13.37
1.25
366
 
12.40
 
2.36
2059
12.04
13.37
1.33
385
 
12.40
 
2.36
2060
11.97
13.38
1.41
405
 
12.40
 
2.36
2061
11.91
13.39
1.48
425
 
12.40
 
2.36
2062
11.85
13.39
1.54
447
 
12.40
 
2.36
2063
11.81
13.40
1.59
468
 
12.40
 
2.36
2064
11.78
13.41
1.63
491
 
12.40
 
2.36
2065
11.75
13.41
1.66
514
 
12.40
 
2.36
2066
11.73
13.42
1.68
538
 
12.40
 
2.36
2067
11.73
13.42
1.70
561
 
12.40
 
2.36
2068
11.72
13.43
1.71
585
 
12.40
 
2.36
2069
11.73
13.44
1.71
609
 
12.40
 
2.36
2070
11.74
13.44
1.70
633
 
12.40
 
2.36
2071
11.76
13.45
1.69
657
 
12.40
 
2.36
2072
11.78
13.45
1.67
682
 
12.40
 
2.36
2073
11.81
13.46
1.65
706
 
12.40
 
2.36
2074
11.84
13.46
1.62
730
 
12.40
 
2.36
2075
11.88
13.47
1.59
753
 
12.40
 
2.36
2076
11.92
13.47
1.56
777
 
12.40
 
2.36
2077
11.98
13.48
1.50
799
 
12.40
 
2.36
 
Summarized
 
 
 
 
 
 
Cost
Rate
Income
Rate
Acturial
Balance
Change in
Acturial
Balance
 
 
 
 
2002-
2076
13.15
13.73
0.59
2.46
 
 
 
 
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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