Social Security Solvency Act of 1999

[AI summary unavailable — showing source text] Social Security Solvency Act of 1999 - Title I: Individual Retirement Security Program - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act (SSA) to create a new Individual Retirement Security Program (Program) in which a covered individual and spouse, upon the attainment of a minimum deposit balance of $2,500 in the Interim Investment Fund (IIF) established by this Act in the Treasury and governed by the Board (Board) of Trustees of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund, may designate one or more personal retirement savings accounts to which the Secretary of the Treasury shall make deposits from the IIF with respect to the individual according to prescribed formulae. (Sec. 101) Directs the Commissioner of Social Security to conduct a public education effort regarding the Program. Mandates that the Board divide the IIF into three accounts for investment in common stock and corporate bonds according to prescribed guidelines. Requires the Secretary to deposit into the IIF, from amounts otherwise available in the general fund of the Treasury, a total amount equal, in the aggr…