Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
Page 1 · column 5 of 9 · from the scan, no model involved
includes interest at 3.5 per cent. What he and his wife will get back, assuming they live the usual number of years, is $33,183, the report shows. Taking the local 21-year-old male population, now number ing close to 40, as an example, their tax payments plus interest would amount to $1,300, 000 in the 44 years and their total returns, if married and living a normal life span, to $1,327,000. For those who are older it pays off much more handsomely. A local man who is retiring this year, after having paid at a maximum rate since social security began, in 1937, will have contributed $2,270. However, he and hie wife will collect no less than $26,050 if they live the expected number of years. Thus far, the report brings out, people have not been paying their own way under social security. Eventually, after 1981, a balance will be reached. Until then, the younger workers will be at a disadvantage compared with those who entered the system at an older age.
86.7%