In 2007, the Social Security Trustees suggested that either the payroll tax could increase to 16.41 percent in 2041 and steadily increased to 17.60 percent in 2081 or a cut in benefits by 25 percent in 2041 and steadily increased to an overall cut of 30 percent in 2081.
effective rate of protection. the real amount of PROTECTION accorded to domestic suppliers of a final product when a TARIFF is applied to a competing imported final product (see IMPORTS), but either no tariff, or a lower rate of tariff, is applied on FACTOR INPUTS that are imported to produce that product.
Premium rates Rates are a percentage of insurance premium and vary according to area as per below: â¢ Tier A (central districts): 12%â¢ Tier B (urban areas): 4%â¢ Tier C (rural areas): 2%These should remain static unless a significant claim is made on the scheme, in which case rates may be increased by up to 300%.