Social Security

Is complaisant aegis System broken? What exactly is cheerful Security? societal Security was a program that was created by the federal government that was supported by nearly all(prenominal) analyze person in America. The Social Security mold was sign in 1935 by President Franklin D. Roosevelt, which was to provide retirement, survivors, and handicap well-beings to workers and their families, and to relieve some of the health care costs borne by the elder and the long term disabled. jibe to Epstein (2010), President Roosevelt wanted to be sure that this area 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 such as retirement, disabili ty, or death of the family member that get the income. To repugn the contributions that were being collected, Social Security numbers were generated. The U.S. postal expediency 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 initiative three digits as an area number that was depute geographically, beginning in the northeast and moving westward across the country (p. 14). because came the creation of the federal Insurance Contributions consummation (FICA). Federal Insurance Contributions Act was another tax created where two employees and employers were taxed. The tot 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 hire of Social Security was back in 1942. According to the Social Security website, The earliest rep orted applicant for a lump-sum benefit was a! retired Cleveland motorman...If you want to get a full essay, redact it on our website: OrderCustomPaper.com

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