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According to government statistics, a 20-year-old worker has a roughly 30 percent chance of becoming disabled before reaching retirement age. The social security system is not designed to function like a savings account, where people are eligible to receive back what they've paid in, but disability benefits are figured based on... more »
Social Security began in America in 1935 without any allocation of funds from the government. The idea has always been that current workers paying into the system will fund the benefits of the retired. The result is a sort of revolving door where money withheld from paychecks for Social Security tax are more or less immediately... more »
Every time that you get your paycheck, you notice several items removed. Usually there's state and federal tax, a local tax if you have one, Old-Age Survivors and Disability Insurance (OASDI) and Medicare tax. OASDI and Medicare tax are both part of FICA, the Federal Insurance Contributions Act, also called Social Security tax. The... more »
The chances of becoming disabled during your working lifetime are greater than you might think. According to the Social Security Administration's (SSA) website, "Studies show that a 20-year-old worker has a 3-in-10 chance of becoming disabled before reaching retirement age." So what do you do financially if you are disabled and no... more »
Social Security, the system and the concept, has been the topic of considerable discussion in recent elections. Concern about solvency and bureaucracy, protection of benefits and COLA's are just a few of the topics that Americans "agree to disagree" on. The system itself has only been in operation for a little more than 70 years but... more »
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Social Security numbers are a national identifying system in the United States, used for a variety of official purposes. While originally designed... more »
When you reach retirement age or in the event you become disabled you are entitled to Social Security benefits, if you've paid into the system... more »
If you have a medical condition that prohibits you from working, you may be able to receive Social Security Disability. The process is pretty... more »
The U.S. Social Security Administration considers all the information in an applicant's case before making decisions about eligibility or benefit... more »
Social Security Disability is available to Americans who are unable to work, because of either injury or a chronic health condition that is... more »
Social Security is the common term for the U.S. government's group of public disability and pension schemes. Starting in 1935, they have... more »
The term Social Security has several uses.
* Social security - the general concept of providing welfare
* Social Security (play) - a play by Andrew Bergman
* Social Security (Australia) - system of welfare payments in Australia
* Social Security (Sweden)
* Social Security (United States) - the United States retirement/disability program
* Social Security Administration - the agency which administers the U.S. program
* Social Security number - an identification number used in the U.S. to track individuals for taxation purposes
* Social Security Trust Fund - the financial accounts for the U.S. retirement program
* South African Social Security Agency - an Agency of the South African Government
See also
* Canada Pension Plan - Canadian Social Insurance
* National Insurance (UK)
read more at » http://en.wikipedia.org/wiki/Social+Security
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