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Hicks - Mock
The marriage of Miss Patri cia Ann Mock, daughter of Mr. and Mrs. Kermit L. Mock of Glens Falls, New York to Walter Lee Flicks, son of Mrs Vernon E. Doss and the late Walter D. Hicks of Richmond Virginia, took place on Saturday, July 15th. at First Presbyterian Church, Glens Falls, New York. Mr. Hicks is the nephew of Mr. and Mrs. Charles Thomas of Washington, Virginia and attended the Rappahannock County schools. After a honey moon trip to Bermuda the young couple will live in Alexandria.
child’s benefits can be continued up until age 22 if he or she continues in school. Under the schedule of taxes in the present social security law even the group of young workers who will start work in 1Q"4 after the maximum tax rates for old-age, survivors and disability insurance go into effect, will pay only about 80 to 85 per cent of the value of their potential benefits. The matching contributions paid by their employers will account for the other 15 to 20per cent. .Over a working lifetime of 45 years, ending with his re tirement at 65 in the year 2019, a young worker who earned the top amount covered by social security in every year would contribute a total of $10, 318 toward his retire ment protection. Adding interest, compounded at 3-3/4 per cent, the value of the worker’s contributions at age 65 would be $26,412. The value of the benefits payable to him and his wife in retirement, assuming average life expectancy, would be $32,853, 20 per cent more than the value of his total social security contributions. “These calculations," Mrs. Daly said, “are based on an assumption that the law will not be changed at all during the young worker’s lifetime. It can be expected that there will continue to be
85.1%