1

a) Payment size of superannuation benefits depends on the recipients (retirees)

average earnings over the highest earning years, and it is currently 3years in Ghana, but 35 years in United States of America. Learning from America, Social Security and National Insurance Trust (SSNIT) is proposing to increase the number of years of earnings counted when computing the Social Security earnings amount from 3 years to 35 years.

Require:

Analyse the effects of this policy change on the

i. retirement behaviour of workers? [9 marks]

ii. Social Security trust fund balance. [5 marks]

please i need more details and explanation.

note : no plagiarism , use your own word , thank you