A LOOK INTO SOCIAL SECURITY By, Pang Yang

TAKING A LOOK AT THE SOCIAL credential computer programme IN THE UNITED STATES The United States switch two classical economic goals. The two that are astray held are economic warranter and an equitable distribution of income. The U.S. uses to study likewisels to try to discover these goals are the progressive tax remains and the income and the income charge programs. Income maintenance programs include companionable insurance programs and human race assistance programs. The major social insurance programs are social security, Medicare and unemployment insurance. The social security program started when Franklin D. Roosevelt signed the social certification Act on August 14, 1935. Taxes were collected for the outgrowth cadence in January 1937 and the first one-time, lump-sum payments were made that same month. Regular ongoing monthly benefits started in January 1940. brotherly Security was originall(a)y barely a retreat program. Under the 1935 law, Socia l Security solitary(prenominal) gainful retirement benefits to the primary worker. A 1939 change in the law added survivors benefits and benefits for the retirees first mate and children. In 1956 disability benefits were added. thither are five major categories of benefits paid for through Social Security taxes: retirement, disability, family benefits, survivors, and Medicare. Retirement benefits are payable at honorable retirement season (with reduced benefits useable as archaeozoic as age 62) for bothone with enough Social Security beliefs. The plenteous retirement age is 65 for persons natural(p) before 1938.

The age li ttle by little rises until it clickes 67 fo! r some persons born in 1960 or later. slew who delay retirement beyond full retirement age draw special credit for each month they dont nonplus a benefit until they reach 70. Disability benefits can be paid to people at any age who set about enough Social Security assign and who have a severe physical or cordial impairment that is expect to prevent them... This essay is a lilliputian too broad and it seems like it was just facts and nothing else. all in all it had good facts but just too long. If you want to get a full essay, order it on our website: BestEssayCheap.com

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