Cost analysis (21 - 21 of 21 items)
Potential Savings to the Social Security Administration of Rounding Benefits Payments to the Nearest Penny
HRD-78-160: Published: Sep 8, 1978. Publicly Released: Sep 8, 1978.
There is a potential for significant savings to the social security system if benefits were calculated to the nearest penny rather than rounded up to the next highest dime as required by law. An estimated savings of $386 million would accrue to the Retirement and Survivors Insurance Program from calendar years 1980 through 1986 if section 215(g) of the Social Security Act were amended to provide t...