Faculty Advisor

Abraham, Jon P.

Abstract

The goal of the project was to offer mathematical solutions to the issue of Old Age Social Security Trust Fund’s dissipating as a result of the Baby Boomer generation retiring in numbers too great to sustain. We constructed a model in Microsoft Excel that uses a number of adjustable factors to save the program and found that raising the retirement age eligible to collect benefits and simultaneously increasing the contribution tax rate would prevent the expiration of the program.

Publisher

Worcester Polytechnic Institute

Date Accepted

April 2013

Major

Actuarial Mathematics

Project Type

Major Qualifying Project

Accessibility

Unrestricted

Advisor Department

Mathematical Sciences

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