Social Security

Is complaisant certification System broken? What exactly is satisfactory Security? affable Security was a program that was created by the federal government that was supported by nearly all(prenominal) perusal person in America. The Social Security mold was subscribe in 1935 by President Franklin D. Roosevelt, which was to provide retirement, survivors, and handicap earns to workers and their families, and to wear some of the health care costs borne by the aged(a) and the long term disabled. jibe to Epstein (2010), President Roosevelt wanted to be sure that this landed estate would never again organisation a crisis so disastrous to so many lives (p. 4). Social Security is made up of the following programs, retirement, disability, dependents, and survivor benefits. These programs work together to provide a supplemental income to workers and their families when the normal income shrinks payable to events much(prenomi nal) as retirement, disability, or death of the family member that get the income. To command the contributions that were being collected, Social Security numbers were generated. The U.S. postal assistance was given the job of handing out applications back in 1936.

agree to Epstein (2010), The SSB care aboundingy crafted the Social Security numbering system, separate the archetypical three digits as an area number that was depute geographically, jump in the northeast and moving westward across the country (p. 14). therefore came the creation of the national Insurance Contributions consummation (FICA ). Federal Insurance Contributions Act was! another tax created where two employees and employers were taxed. The nub of this tax changed every calendar year. The employees subdivision was deducted from the paycheck. Then the employer matched this deduction at 100 percent. The first save pay of Social Security was back in 1942. According to the Social Security website, The earliest reported applicant for a lump-sum benefit was a retired Cleveland motorman...If you want to get a full essay, parliamentary procedure it on our website: OrderCustomPaper.com

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