Social Security Guarantee Act of 2005

The Social Security Guarantee Act of 2005 proposed requiring the Department of the Treasury to issue a "benefit guarantee certificate" to every person eligible for Social Security benefits. These certificates would have served as a legally binding obligation of the federal government to pay the full amount of monthly benefits, including cost-of-living adjustments, regardless of future legislative changes. For citizens, this bill was intended to provide a formal guarantee that their promised retirement, disability, and survivor benefits would be protected and paid in full.