[20050922]RS22278_社会保障改革：《2005年工人实际所有权增长（增长）法案》H.R.3304.pdf

Congressional Research Service The Library of CongressCRS Report for CongressReceived through the CRS WebOrder Code RS22278September 22, 2005Social Security Reform: Growing RealOwnership for Workers (GROW) Act of 2005,H.R. 3304Kathleen RomigAnalyst in Social SecurityDomestic Social Policy DivisionSummaryH.R. 3304 would establish voluntary individual accounts, called GROW accounts,as part of Social Security. It would also reduce the traditional Social Security benefitsof account owners. If accounts are invested in Treasury bonds, account owners wouldhave combined account payments and reduced Social Security benefits that are equal totheir current law Social Security benefits. If other investment options are offered,account owners are expected to receive higher combined payments on average (thoughtheir combined payments could also be lower than under current law).Social Security currently runs a surplus, though over the long term it faces afunding shortfall. Under H.R. 3304, bonds equal to Social Securitys annual cashsurplus (i.e., taxes not needed to pay current benefits and costs) would be credited to theSocial Security Trust Funds, as they are under current law. General funds equa