Social Security

Is complaisant shelter System broken? What exactly is genial Security? favorable 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 gestural in 1935 by President Franklin D. Roosevelt, which was to provide retirement, survivors, and handicap avails to workers and their families, and to discover some of the health care costs borne by the old and the long term disabled. jibe to Epstein (2010), President Roosevelt wanted to be sure that this rude 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 unitedly to provide a supplemental income to workers and their families when the normal income shrinks payable to events such as retirement, disability, or death of the family member that get the income. To oversee the contributions that were being collected, Social Security numbers were generated. The U.S. postal swear out was given the job of handing out applications back in 1936.

harmonise to Epstein (2010), The SSB care aboundingy crafted the Social Security numbering system, separate the maiden three digits as an area number that was depute geographically, kickoff in the northeast and moving westward across the country (p. 14). thence came the creation of the national Insurance Contributions consummation (FICA). Federal Insurance Contribution s Act was another tax created where two emp! loyees and employers were taxed. The criterion 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 recompense 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, dedicate it on our website: OrderCustomPaper.com

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