Table 2--Financial Effects of the Social Security Guarantee Plus (SSGP) Plan (H.R. 75)--with Average Investment at 65 Percent Equity--Assume Subsequent Legislation = Full Individual Account (IA) Contributions from Trust Funds by 2060
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
12.88
-1.86
242
-0.400
12.00
0.40
2.36
2041
14.53
12.88
-1.64
237
 
12.00
0.40
2.36
2042
14.31
12.89
-1.42
233
 
12.00
0.40
2.36
2043
14.09
12.89
-1.20
230
 
12.00
0.40
2.36
2044
13.88
12.89
-0.98
229
 
12.00
0.40
2.36
2045
13.67
12.60
-1.07
229
-0.300
11.70
0.70
2.36
2046
13.47
12.60
-0.87
228
 
11.70
0.70
2.36
2047
13.28
12.61
-0.67
229
 
11.70
0.70
2.36
2048
13.10
12.61
-0.49
231
 
11.70
0.70
2.36
2049
12.92
12.62
-0.30
234
 
11.70
0.70
2.36
2050
12.75
12.12
-0.63
238
-0.500
11.20
1.20
2.36
2051
12.60
12.13
-0.47
240
 
11.20
1.20
2.36
2052
12.46
12.13
-0.33
243
 
11.20
1.20
2.36
2053
12.34
12.14
-0.20
247
 
11.20
1.20
2.36
2054
12.22
12.15
-0.07
252
 
11.20
1.20
2.36
2055
12.11
11.55
-0.56
258
-0.600
10.60
1.80
2.36
2056
12.01
11.56
-0.45
260
 
10.60
1.80
2.36
2057
11.91
11.57
-0.34
262
 
10.60
1.80
2.36
2058
11.82
11.58
-0.24
266
 
10.60
1.80
2.36
2059
11.73
11.58
-0.15
270
 
10.60
1.80
2.36
2060
11.65
11.03
-0.61
276
-0.556
10.04
2.36
2.36
2061
11.58
11.04
-0.53
277
 
10.04
2.36
2.36
2062
11.52
11.05
-0.47
278
 
10.04
2.36
2.36
2063
11.47
11.06
-0.41
280
 
10.04
2.36
2.36
2064
11.42
11.06
-0.36
282
 
10.04
2.36
2.36
2065
11.39
11.07
-0.32
285
 
10.04
2.36
2.36
2066
11.37
11.08
-0.29
287
 
10.04
2.36
2.36
2067
11.35
11.08
-0.27
290
 
10.04
2.36
2.36
2068
11.34
11.09
-0.25
293
 
10.04
2.36
2.36
2069
11.34
11.09
-0.25
295
 
10.04
2.36
2.36
2070
11.35
11.10
-0.25
298
 
10.04
2.36
2.36
2071
11.36
11.11
-0.26
301
 
10.04
2.36
2.36
2072
11.38
11.11
-0.27
303
 
10.04
2.36
2.36
2073
11.41
11.12
-0.29
305
 
10.04
2.36
2.36
2074
11.43
11.12
-0.31
307
 
10.04
2.36
2.36
2075
11.47
11.13
-0.34
309
 
10.04
2.36
2.36
2076
11.51
11.13
-0.37
310
 
10.04
2.36
2.36
2077
11.57
11.14
-0.43
311
 
10.04
2.36
2.36
 
Summarized
 
 
 
 
 
 
Cost
Rate
Income
Rate
Acturial
Balance
Change in
Acturial
Balance
 
 
 
 
2002-
2076
13.04
13.21
0.17
2.04
 
 
 
 
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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