the 5-year period preceding the date as of 
which such evaluation is made. 
‘‘(2) TIMELY PROVISION OF INFORMATION.—In-
formation under this subsection shall be provided at 
least 30 calendar days before the date provided for 
each election under section 254(f), and in a manner 
designed to facilitate informed decisionmaking with 
respect to each such election. 
‘‘(h) ASSUMPTION OF RISK.—Each account holder 
who elects to invest in the Fixed Income Investment Fund, 
the Common Stock Index Investment Fund, the Small 
Capitalization Stock Index Investment Fund, or the Inter-
national Stock Index Investment Fund described in para-
graphs (2), (3), (4), and (5), respectively, of section 
254(a) shall sign an acknowledgement prescribed by the 
Executive Director which states that the account holder 
understands that an investment in either such Fund is 
made at the account holder’s risk, that the account holder 
is not protected by the Government against any loss on 
such investment, and that a return on such investment 
is not guaranteed by the Government. 
‘‘(i) TREATMENT OF MINORS AND INCOMPETENT IN-
DIVIDUALS.—An election under this part to be made by 
a minor, or an individual mentally incompetent or under 
other legal disability, may be made by the person who is
constituted guardian or other fiduciary by the law of the 
State of residence of the individual or is otherwise legally 
vested with the care of the individual or his estate. Pay-
ment under this part due a minor, or an individual men-
tally incompetent or under other legal disability, may be 
made to the person who is constituted guardian or other 
fiduciary by the law of the State of residence of the claim-
ant or is otherwise legally vested with the care of the 
claimant or his estate. In any case in which a guardian 
or other fiduciary of the individual under legal disability 
has not been appointed under the law of the State of resi-
dence of the individual, if any other person, in the judg-
ment of the Executive Director, is responsible for the care 
of such individual, any election under this part which may 
otherwise be made by such individual may be made by 
such person, any payment under this part which is other-
wise payable to such individual may be made to such per-
son, and the payment of an annuity payment under this 
part to such person bars recovery by any other person. 
‘‘SEC. 253. CONTRIBUTIONS TO THE SOCIAL SECURITY IN-
VESTMENT TRUST FUND. 
‘‘(a) IN GENERAL.—The Executive Director shall 
prescribe regulations under which each individual who is 
eligible to claim a deduction under section 224 of the In-
ternal Revenue Code of 1986 for contributions to a per-
sonal Social Security investment account shall be afforded 
a reasonable opportunity to make contributions to the 
Trust Fund, for crediting to such account, either from 
time to time or under arrangements providing for regular, 
periodic contributions. Such arrangements may include ar-
rangements for contributions of wages by employers on be-
half of employees. Any such arrangement shall also pro-
vide individuals a reasonable opportunity to modify the 
amount to be contributed under this part, or to terminate 
such contributions. 
‘‘(b) LIMITATION
ON
CONTRIBUTIONS.—Notwith-
standing any other provision of this section, no contribu-
tion may be made under this section to any account for 
any year to the extent that such contribution, when added 
to prior contributions to such account for such year, ex-
ceeds $10,000. 
‘‘(c) CREDITING PROCEDURES.—Amounts contrib-
uted by (or on behalf of) an account holder under this 
section shall be deposited in the Trust Fund to the credit 
of that account holder’s investment account in accordance 
with such procedures as the Comptroller General of the 
United States may, in consultation with the Executive Di-
rector, prescribe in regulations.
‘‘(d) NONFORFEITABILITY OF CONTRIBUTIONS.—All 
contributions made under this section shall be fully non-
forfeitable when made. 
‘‘SEC. 254. INVESTMENT OF SOCIAL SECURITY INVESTMENT 
TRUST FUND. 
‘‘(a) INVESTMENT FUNDS.—The Board shall estab-
lish—
‘‘(1) a Government Securities Investment Fund 
under which sums in the Trust Fund are invested in 
securities of the United States Government issued as 
provided in subsection (e); 
‘‘(2) a Fixed Income Investment Fund under 
which sums in the Trust Fund are invested in—
‘‘(A) insurance contracts, 
‘‘(B) certificates of deposit, or 
‘‘(C) other instruments or obligations se-
lected by qualified professional asset managers, 
which return the amount invested and pay interest, 
at a specified rate or rates, on that amount during 
a specified period of time; 
‘‘(3) a Common Stock Index Investment Fund 
as provided in subsection (b); 
‘‘(4) a Small Capitalizaion Stock Index Invest-
ment Fund as provided in subsection (c); and