It is also more than double the payout rate that existed in the late 1990s and 2000, before the technology stock bubble burst.

The average percentage, or payout rate, shrank to 4.8 percent last year from 5 percent.

At age 75, the payout rate would be 7 to 10 percent.

Factor that in, and you get an annual payout rate of 25 percent.

One drawback: the payout rate will be much lower than with other payment providers.

State law governs whether the payout rates are published or posted near the machines themselves.

Those cuts reduced the annual payout rate from $12.58 at the end of 1992 to a low of $12.39 in late February.

At its current payout rate of 3.75 cents a quarter, Nortel stock yields 0.15 percent a year.

That would reduce the affected fund's annual payout rate to 5.30 percent from 5.55 percent.

And by lowering the payout rate, he said, the company will be able to increase dividends again.