Social Security

Is complaisant security system System broken? What exactly is comfortable Security? social Security was a program that was created by the federal government that was supported by nearly all(prenominal) canvas person in America. The Social Security mold was gestural in 1935 by President Franklin D. Roosevelt, which was to provide retirement, survivors, and handicap advantages to workers and their families, and to have a bun in the oven some of the health care costs borne by the ripened and the long term disabled. jibe to Epstein (2010), President Roosevelt wanted to be sure that this res publica 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 in concert to provide a supplemental income to workers and their families when the normal income shrinks payable to events much(prenominal) as retirement, disability, or death of the family member that get the income. To cover the contributions that were being collected, Social Security numbers were generated. The U.S. postal service of process was given the job of handing out applications back in 1936.

match to Epstein (2010), The SSB care aboundingy crafted the Social Security numbering system, separate the firstly three digits as an area number that was depute geographically, start in the northeast and moving westward across the country (p. 14). hence came the creation of the national Insurance Contributions consummation (FICA). Federal Insurance Con! tributions Act was another tax created where two employees and employers were taxed. The quantity 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 fee 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, localise it on our website: OrderCustomPaper.com

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