SSID. The alterative program after the "dot com bubble" and the "great recession" is fully funded as of 2016.
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>I don't know where you are getting your information from. The 3121 FICA Alternative Savings Plan is only for part-time, seasonal, or (temporary government employees & it is not the same thing as social security so I'm confused as to what your asking me...???


This link gives the basics: https://www.forbes.com/sites/merrillmatthews/2011/05/12/how-three-texas-counties-created-personal-social-security-accounts-and-prospered/2/#6f3a85b82f9f
And the plan has some other great features as far as disability and medical insurance and death benefits - when you die your heirs don't just get $225 like SS and that's it - they own your plan.

For those of you who don't want to look it up the highlights are below( 2011 figures) and it is 100% funded thru 2016. The 2017 figures are not yet available:

•A lower-middle income worker making about $26,000 at retirement would get about $1,007 a month under Social Security, but $1,826 under the Alternate Plan, according to First Financial’s calculations.

•A middle-income worker making $51,200 would get about $1,540 monthly from Social Security, but $3,600 from the banking model.
•And a high-income worker who maxed out on his Social Security contribution every year would receive about $2,500 a month from Social Security vs. $5,000 to $6,000 a month from the Alternate Plan.


I understand the payoff numbers have increased 3-4% per year since this was written while SS has gone up a total of 7.1% in the last 6 years. Employees pay in about the same or less % than they would under SS.