Essay On Social Security - 1655 Words

In the America society, we want to develop a system that our Americans can live a happy and comfortable life. That’s why America created a system called social security in 1935, this system is to help those who are older and have disabilities. (see staff.) Social security has three main part: first is the objective and comprehensive introduction to the American social security system; the second is the information authority, novel, the policies and data are from the US government and the legislature; third is the academic and practical combination of the US social security system Of the policy practice at the same time, through the appendix, glossary and reference literature and other means for the reader to provide a comparative study and†¦show more content†¦elderly legal retirement insurance with a mandatory, contribution and welfare, retirement and medical insurance fund has a normal source of channels, self-adjustment and self-adjustment. (see Myers. Pg. 173.) Th e pension income and support is in accordance with the current pay, balance of payments to determine the principle, according to the population aging forecast, the need for retirement expenses, and constantly adjust the insurance tax rate, through self-adjustment to achieve self-circulation normal operation purpose. (see Findlaw.) Social Insurance Social insurance is a form of compensation under government control for elderly, disable, or unemployed people. The program is only for people who meet certain requirement, they typically include a chain of work from doctors and hospitals that is under the service of health care. (see Business dictionary.) These providers are selected by the government to work with and do the service. Medicaid, Medicare, and unemployment compensation are all includes in the social insurance programs. The development of insurance companies operating a voluntary insurance pension insurance, absorb idle funds to enhance economic strength, to prepare for the aging population. (see Williamson. Pg. 101.) Some life insurance companies in the United States, in addition to operating life insurance, property insurance, death insurance, but alsoShow MoreRelatedSocial Security Essay1042 Words   |  5 PagesSocial Security has been around since 1935 and for generations many Americans have dep ended on these programs for retirement or in the event of permanent disability. Recent news articles lead Americans to believe that Social Security is in financial trouble that the taxes it depends upon to finance the programs for retirement, disability, and medical care soon will not be enough (Huffington post,2010). In part because of the large numbers of people reaching retirement age, this has left a large numberRead MoreEssay on Social Security1184 Words   |  5 Pages Social Security nbsp;nbsp;nbsp;nbsp;nbsp;Social Security is a public program designed to provide income and services to individuals in the event of retirement, sickness, disability, death, or unemployment. In the United States, the word social security refers to the programs established in 1935 under the Social Security Act. Societies throughout history have devised ways to support people who cannot support themselves. In 1937 the government began issuing Social Security identification cardsRead More social security Essay1234 Words   |  5 Pages In reading the book â€Å"Social Security and the Family† I learned a lot about the system that I had no idea about before. The book was fact filled and almost fun to read the need to know information. 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The program was designed as a social (old-age) insurance plan which provides a guaranteed income to retired and disabled workers whose loss of wages promises an uncertain economic future. I emphasize the word guaranteed, as this is the issue in contention when consideringRead MoreSocial Security Act Essay950 Words   |  4 Pages It is about eighty two years since Franklin D. Roosevelt signed Social Security Act. FDR stated â€Å"We can never insure one hundred percent of the population against one hundred percent of the hazards and vicissitudes of life...we have tried to frame a law which will give some measure of protection to the average citizen and to his family against the loss of a job and against poverty-ridden old age.† The social secu rity plan had established itself as one of the most popular federal program. The programRead MoreSocial Security Act Essay686 Words   |  3 PagesThe Social Security Act of 1935, signed by Franklin D. Roosevelt, created a program that included social insurance programs, as well as public assistance. Both programs came about due to the depression and were created as part of the New Deal to benefit the citizens who needed assistance. While both programs were created to assist the public, each program had different eligibility requirements and accomplished different tasks. Social insurance programs were designed to provide continuing incomeRead MoreEssay about Social Security999 Words   |  4 PagesSocial Security On a daily basis senior citizens face a choice between buying food, paying the rent, or buying medicine. Senior citizens slice pills into halves because they cant afford their full prescriptions. (Federal News Service Sept. 2002) Social Security is what keeps many elderly and disabled Americans from being stricken by poverty. Without Social Security in our society 15.3 million elderly would have incomes below the poverty line, however