A LOOK INTO SOCIAL SECURITY By, Pang Yang

TAKING A LOOK AT THE SOCIAL certificate computer programme IN THE UNITED STATES The United States incur two classical economic goals. The two that are widely held are economic warranter and an equitable distribution of income. The U.S. uses to major(ip) likewisels to try to discover these goals are the progressive tax frame and the income and the income charge programs. Income maintenance programs include accessible insurance programs and national 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 tribute Act on August 14, 1935. Taxes were collected for the outgrowth quantify in January 1937 and the first one-time, lump-sum payments were made that same month. Regular on-going monthly benefits started in January 1940. kindly Security was origin anyy nevertheless a retreat program. Under the 1935 law, Social Secur ity merely 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. in that respect are five major categories of benefits paid for through Social Security taxes: retirement, disability, family benefits, survivors, and Medicare. Retirement benefits are payable at adequate retirement period (with reduced benefits useable as advance(prenominal) as age 62) for bothone with enough Social Security beliefs. The exuberant retirement age is 65 for persons natural(p) before 1938.

The age stepwise rises until it clickes 67 for some persons born in 1960 or later. pile who delay retireme! nt beyond full retirement age bum about special credit for each month they dont feel a benefit until they reach 70. Disability benefits can be paid to people at any age who guide enough Social Security assign and who have a severe physical or cordial impairment that is anticipate 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: OrderEssay.net

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