Table 3--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: Sensitivity = 1 Percent Higher than Expected Yield
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: 6.20
Ultimate Real SSGP Annuity Yield Rate: 6.20
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
10.77
12.75
1.98
393
 
12.40
 
2.36
2009
10.97
12.77
1.80
408
 
12.40
 
2.36
2010
11.14
12.79
1.64
423
 
12.40
 
2.36
2011
11.33
12.83
1.51
436
 
12.40
 
2.36
2012
11.53
12.85
1.32
448
 
12.40
 
2.36
2013
11.76
12.87
1.11
456
 
12.40
 
2.36
2014
12.01
12.89
0.88
462
 
12.40
 
2.36
2015
12.28
12.91
0.63
466
 
12.40
 
2.36
2016
12.57
12.93
0.35
467
 
12.40
 
2.36
2017
12.88
12.95
0.07
466
 
12.40
 
2.36
2018
13.20
12.97
-0.22
462
 
12.40
 
2.36
2019
13.51
13.00
-0.52
456
 
12.40
 
2.36
2020
13.83
13.02
-0.81
449
 
12.40
 
2.36
2021
14.14
13.04
-1.09
441
 
12.40
 
2.36
2022
14.42
13.07
-1.35
431
 
12.40
 
2.36
2023
14.68
13.09
-1.59
421
 
12.40
 
2.36
2024
14.91
13.11
-1.80
411
 
12.40
 
2.36
2025
15.11
13.13
-1.98
400
 
12.40
 
2.36
2026
15.29
13.15
-2.14
389
 
12.40
 
2.36
2027
15.43
13.17
-2.26
378
 
12.40
 
2.36
2028
15.53
13.19
-2.34
367
 
12.40
 
2.36
2029
15.58
13.20
-2.38
357
 
12.40
 
2.36
2030
15.60
13.22
-2.38
347
 
12.40
 
2.36
2031
15.57
13.23
-2.35
337
 
12.40
 
2.36
2032
15.52
13.24
-2.28
329
 
12.40
 
2.36
2033
15.43
13.25
-2.18
321
 
12.40
 
2.36
2034
15.30
13.26
-2.04
314
 
12.40
 
2.36
2035
15.13
13.27
-1.87
309
 
12.40
 
2.36
2036
14.93
13.27
-1.66
306
 
12.40
 
2.36
2037
14.70
13.28
-1.43
304
 
12.40
 
2.36
2038
14.45
13.28
-1.17
304
 
12.40
 
2.36
2039
14.18
13.29
-0.89
307
 
12.40
 
2.36
2040
13.89
13.29
-0.60
311
 
12.40
 
2.36
2041
13.59
13.29
-0.30
319
 
12.40
 
2.36
2042
13.29
13.30
0.01
329
 
12.40
 
2.36
2043
12.98
13.30
0.33
342
 
12.40
 
2.36
2044
12.68
13.31
0.63
358
 
12.40
 
2.36
2045
12.39
13.32
0.93
377
 
12.40
 
2.36
2046
12.11
13.33
1.22
400
 
12.40
 
2.36
2047
11.83
13.33
1.51
426
 
12.40
 
2.36
2048
11.56
13.34
1.79
456
 
12.40
 
2.36
2049
11.30
13.36
2.06
490
 
12.40
 
2.36
2050
11.04
13.37
2.32
527
 
12.40
 
2.36
2051
10.81
13.38
2.57
569
 
12.40
 
2.36
2052
10.59
13.40
2.81
614
 
12.40
 
2.36
2053
10.38
13.41
3.03
663
 
12.40
 
2.36
2054
10.18
13.43
3.25
717
 
12.40
 
2.36
2055
9.99
13.45
3.46
775
 
12.40
 
2.36
2056
9.81
13.47
3.66
838
 
12.40
 
2.36
2057
9.63
13.49
3.86
905
 
12.40
 
2.36
2058
9.46
13.51
4.05
976
 
12.40
 
2.36
2059
9.30
13.53
4.23
1,052
 
12.40
 
2.36
2060
9.15
13.55
4.40
1,133
 
12.40
 
2.36
2061
9.01
13.58
4.56
1,218
 
12.40
 
2.36
2062
8.89
13.60
4.71
1,306
 
12.40
 
2.36
2063
8.79
13.63
4.84
1,397
 
12.40
 
2.36
2064
8.68
13.65
4.98
1,493
 
12.40
 
2.36
2065
8.58
13.67
5.10
1,593
 
12.40
 
2.36
2066
8.49
13.70
5.20
1,696
 
12.40
 
2.36
2067
8.42
13.72
5.30
1,800
 
12.40
 
2.36
2068
8.36
13.74
5.38
1,906
 
12.40
 
2.36
2069
8.32
13.77
5.45
2,013
 
12.40
 
2.36
2070
8.28
13.79
5.50
2,120
 
12.40
 
2.36
2071
8.26
13.81
5.55
2,229
 
12.40
 
2.36
2072
8.25
13.83
5.58
2,336
 
12.40
 
2.36
2073
8.25
13.84
5.60
2,444
 
12.40
 
2.36
2074
8.26
13.86
5.60
2,551
 
12.40
 
2.36
2075
8.27
13.87
5.60
2,657
 
12.40
 
2.36
2076
8.29
13.89
5.60
2,763
 
12.40
 
2.36
2077
8.36
13.89
5.53
2,854
 
12.40
 
2.36
 
Summarized
 
 
 
 
 
 
Cost
Rate
Income
Rate
Acturial
Balance
Change in
Acturial
Balance
 
 
 
 
2002-
2076
12.17
13.79
1.61
3.49
 
 
 
 
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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