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| Topic: |
Business
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| Number of pages / Number of words: |
15 / 3975 |
Essay's paper body
Payroll taxes were 3%.
1956 - Disability Insurance was created, and expanded over the following years. Early retirement at age 62 for women was permitted. Payroll taxes were 4%.
1961 - Early retirement at age 62 for men was permitted. Payroll taxes were 6%.
1972 - Automatic cost-of-living-adjustments (COLAs), which index benefits to inflation, were introduced...
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The formula to calculate increases initially overstated inflation by 25%, and people born between 1910 and 1916 received an unintended windfall. Payroll taxes were 9.2%.
1977 - The mistake in the benefit formula was corrected. The "notch" refers to the difference in benefits paid to the group that received the windfall and those who retired following the formula correction...
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General points of the essay
Bankruptcy of Social Security
Screening Disability Insurance Applications
Social Security Reform: Increasing Taxes and the Retirement Age
The reformation of Social Security
Privitization of Social Security
Prc Social Security Scheme
Should Social Security Be Privatized
The Social Security Dilemma
Distribution of Social Security
History Of Social Security
Privatization Of Social Security
Privatizing Social Security
Social Security In The Future? Maybe Not
Social Security Reform
social security
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