Table 4--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 = 1Percent Lower 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: 4.20
Ultimate Real SSGP Annuity Yield Rate: 4.20
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
10.98
12.77
1.79
408
 
12.40
 
2.36
2010
11.15
12.79
1.64
423
 
12.40
 
2.36
2011
11.34
12.83
1.50
436
 
12.40
 
2.36
2012
11.55
12.85
1.30
447
 
12.40
 
2.36
2013
11.78
12.87
1.09
455
 
12.40
 
2.36
2014
12.04
12.89
0.85
461
 
12.40
 
2.36
2015
12.32
12.91
0.59
464
 
12.40
 
2.36
2016
12.62
12.93
0.30
464
 
12.40
 
2.36
2017
12.94
12.95
0.01
462
 
12.40
 
2.36
2018
13.28
12.97
-0.30
457
 
12.40
 
2.36
2019
13.61
13.00
-0.61
451
 
12.40
 
2.36
2020
13.95
13.02
-0.93
442
 
12.40
 
2.36
2021
14.28
13.04
-1.24
432
 
12.40
 
2.36
2022
14.59
13.07
-1.52
421
 
12.40
 
2.36
2023
14.88
13.09
-1.79
410
 
12.40
 
2.36
2024
15.15
13.11
-2.04
397
 
12.40
 
2.36
2025
15.39
13.13
-2.26
384
 
12.40
 
2.36
2026
15.61
13.15
-2.46
371
 
12.40
 
2.36
2027
15.80
13.17
-2.63
356
 
12.40
 
2.36
2028
15.95
13.18
-2.77
342
 
12.40
 
2.36
2029
16.06
13.20
-2.87
328
 
12.40
 
2.36
2030
16.14
13.21
-2.93
314
 
12.40
 
2.36
2031
16.19
13.23
-2.97
300
 
12.40
 
2.36
2032
16.22
13.24
-2.98
286
 
12.40
 
2.36
2033
16.22
13.25
-2.97
272
 
12.40
 
2.36
2034
16.17
13.26
-2.92
259
 
12.40
 
2.36
2035
16.10
13.26
-2.84
246
 
12.40
 
2.36
2036
16.00
13.27
-2.73
234
 
12.40
 
2.36
2037
15.87
13.27
-2.60
222
 
12.40
 
2.36
2038
15.74
13.27
-2.46
211
 
12.40
 
2.36
2039
15.59
13.28
-2.31
201
 
12.40
 
2.36
2040
15.43
13.28
-2.15
191
 
12.40
 
2.36
2041
15.27
13.28
-1.99
182
 
12.40
 
2.36
2042
15.12
13.28
-1.84
174
 
12.40
 
2.36
2043
14.97
13.29
-1.69
166
 
12.40
 
2.36
2044
14.83
13.29
-1.54
159
 
12.40
 
2.36
2045
14.69
13.29
-1.40
153
 
12.40
 
2.36
2046
14.57
13.29
-1.27
147
 
12.40
 
2.36
2047
14.44
13.30
-1.15
142
 
12.40
 
2.36
2048
14.33
13.30
-1.03
137
 
12.40
 
2.36
2049
14.22
13.31
-0.92
134
 
12.40
 
2.36
2050
14.13
13.31
-0.82
130
 
12.40
 
2.36
2051
14.05
13.31
-0.73
127
 
12.40
 
2.36
2052
13.98
13.32
-0.66
125
 
12.40
 
2.36
2053
13.92
13.32
-0.60
123
 
12.40
 
2.36
2054
13.87
13.33
-0.54
121
 
12.40
 
2.36
2055
13.83
13.34
-0.50
119
 
12.40
 
2.36
2056
13.80
13.34
-0.45
118
 
12.40
 
2.36
2057
13.76
13.35
-0.42
117
 
12.40
 
2.36
2058
13.73
13.35
-0.38
116
 
12.40
 
2.36
2059
13.71
13.36
-0.35
116
 
12.40
 
2.36
2060
13.68
13.36
-0.32
115
 
12.40
 
2.36
2061
13.67
13.37
-0.30
115
 
12.40
 
2.36
2062
13.66
13.37
-0.28
115
 
12.40
 
2.36
2063
13.66
13.38
-0.28
114
 
12.40
 
2.36
2064
13.67
13.39
-0.28
114
 
12.40
 
2.36
2065
13.68
13.39
-0.29
114
 
12.40
 
2.36
2066
13.70
13.40
-0.30
114
 
12.40
 
2.36
2067
13.72
13.40
-0.32
113
 
12.40
 
2.36
2068
13.75
13.41
-0.35
113
 
12.40
 
2.36
2069
13.79
13.41
-0.38
112
 
12.40
 
2.36
2070
13.83
13.42
-0.41
110
 
12.40
 
2.36
2071
13.87
13.42
-0.44
109
 
12.40
 
2.36
2072
13.91
13.43
-0.48
107
 
12.40
 
2.36
2073
13.96
13.43
-0.53
105
 
12.40
 
2.36
2074
14.01
13.44
-0.57
103
 
12.40
 
2.36
2075
14.06
13.44
-0.62
101
 
12.40
 
2.36
2076
14.11
13.44
-0.66
98
 
12.40
 
2.36
2077
14.17
13.45
-0.72
94
 
12.40
 
2.36
 
Summarized
 
 
 
 
 
 
Cost
Rate
Income
Rate
Acturial
Balance
Change in
Acturial
Balance
 
 
 
 
2002-
2076
13.74
13.73
-0.01
1.87
 
 
 
 
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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