Us Government Research Paper On Social Security

Social trade protection is a government program that helps workers and retired workers and their families strain a degree of economic protective covering. Social bail in any case called amicable restitution (aarp.org) provides cash payments to help replace income befogged as a result of retirement, unemployment, disability, or death. The program as well as helps pay the cost of medical care for people fester 65 or older and for some disabled workers. around one-sixth of the people in the United States receive mixer security benefits.
People become eligible to receive benefits by working in a certain period in a job covered by social security.
Employers and workers finance the program through payroll taxes. Participation in the social security system is required for about 95 share of all U. S. workers.
Social security differs from public assistance. Social security pays benefits to individuals, and their families, largely on the basis of work histories. Public assistance, or welfare, aids the needy, regardless of their work records.
All industrialized countries as well as many developing nations set out a social security system. The social security program in the United States has three main parts. They are old-aged, survivors, disability, and hospital insurance (OASDHI), unemployment insurance; and workers compensation.




THE SOCIAL SECURITY PAYROLL TAX
This tax was to be taken from the payrolls of the nations employers and employees. The government felt that, like unemployment benefits, the social security should be financed by those who got the greatest benefit, those who worked, and were liable to need those benefits in the future.
A plan that would affect those only who had paid much(prenominal) a tax for a number of years would have done those who were currently suffering under the Depression no good at all. As a result, the social security plan began paying out benefits almost immediately to those who had been retired, or elderly and out of work, and who were unable, primarily because of the depressed...If you want to get a full essay, order it on our website: Ordercustompaper.com



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