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Response to eniwetok (Reply #22)

Mon Mar 28, 2016, 02:01 PM

28. Well, yeah Congress can always amend the SS Act. But until they do that, it's pretty much a market

 

rate defined at your link as: "The current formula was established by the 1960 amendments to the Social Security Act. The formula sets the rate applicable in a given month to the average market yield on marketable interest-bearing securities of the Federal government which are not due or callable until after 4 years from the last business day of the prior month (the day when the rate is determined). The average yield must then be rounded to the nearest eighth of 1 percent. This formula became effective with the October 1960 rate."

I don't really see that changing to a significant degree.

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eniwetok Mar 2016 OP
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LineLineLineLineLineReply Well, yeah Congress can always amend the SS Act. But until they do that, it's pretty much a market
Hoyt Mar 2016 #28
eniwetok Mar 2016 #43
FBaggins Mar 2016 #33
eniwetok Mar 2016 #21
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eniwetok Mar 2016 #44
Wounded Bear Mar 2016 #16
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strategery blunder Mar 2016 #47
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