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Unformatted text preview: contributed plus interest in 3.78 years. As of December 31, 1999, the value of this employees trust fund (using the effective annual interest rates for the OASI trust fund, compounded annually, and as published in Actuarial Note, Number 138, October 1997, by the Social Security Administrations Office of the Chief Actuary) is $64,998.21. The maximum social security benefit for a worker retiring at age 65 in January of 2000 is $1,433 per month (Social Security Administration Fact Sheet, revised April 26, 2000). $64 998 21 / $1 433 = 45 36 months Will social security be there for you? Click 23 $64,998.21 / $1,433 = 45.36 months. Will social security be there for you? Click on the links in the slide above and draw your own conclusion....
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This note was uploaded on 12/29/2011 for the course ECO 210 taught by Professor Malls during the Fall '10 term at SUNY Stony Brook.
- Fall '10