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Topic: Social security system


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In the News (Thu 24 Dec 09)

  
  OASiS's Social Security System Model
Social security is a system formed to provide a security cover, which society furnishes through appropriate organization against risks, to which its members are exposed.
It is true that the complex and expensive programs of social insurance and income maintenance that now form the backbone of social security systems in the developed countries are difficult to replicate in the developing countries.
Social needs such as health, child-care, education and housing are all linked to economic capabilities as well as to the provision of social security, by markets and the State.
www.geocities.com /globalhealthnw/SSSmain.htm   (1230 words)

  
 The Social Security System
Social Security is likely the most debilitating chokehold that government enforces on people’s lives, by taking one of the largest bites out of your paycheck.
In simple terms, what Social Security boils down to is the government recognizes that it is unlikely that you will save for a rainy day, so they’ll do it for you, whether you like it or not.
Social Security is not only used by 33 million citizens for old-age retirement, it provides benefits to 7 million survivors of deceased workers plus 8 million disabled workers and their dependants.
www.apatheticvoter.com /SocialSecuritySystem.htm   (7526 words)

  
 Howstuffworks "How Social Security Works"
Whether the system is truly in crisis or not, it will surely have to change in the coming decades as the number of retirees increases relative to the number of workers.
To receive most Social Security retirement benefits, a person must be "fully insured," which simply means that he or she has worked for a long enough time and has put enough money into the system.
Social Security also provides benefits for people who become disabled in a way that prevents or limits their ability to work.
money.howstuffworks.com /social-security.htm/printable   (2539 words)

  
 Social Security
AAUW is committed to a Social Security system that provides lifelong protections for women and families that include guaranteed benefits with cost-of-living adjustments.
As the 109th Congress considers proposals to reform Social Security, the economic well-being and security of women must be safeguarded.
Social Security benefits are the only source of income for many elderly women and persons with disabilities.
www.aauw.org /issue_advocacy/actionpages/socialsecurity.cfm   (297 words)

  
 The History of Major Changes to the Social Security System
Social Security’s financial woes are making headlines; both Congress and the President are publicly considering an overhaul of a system that has existed for 70 years but will face challenges in the coming decades.
Several major changes to Social Security occurred with the 1972 amendment: automatic COLAs were instituted, a minimum monthly benefit was established, monthly benefits were significantly increased to those individuals waiting until age 65 to retire, and a system for automatic increases in the amount of earnings subject to Social Security taxation was developed.
Social Security has been touted as one of the great moral successes of the 20th century, providing economic security to citizens in their old age and in the face of sickness, disability, or the death of a provider.
www.nysscpa.org /cpajournal/2006/506/infocus/p15.htm   (1912 words)

  
 Independent Women's Forum: Social Security Reform: An Investment for Women   (Site not responding. Last check: 2007-10-11)
Social Security was established in 1935, when women’s financial security was completely dependent upon men.
Putting aside the fact that Social Security will be bankrupt by the time today’s workers retire and therefore, benefits are far from guaranteed, here’s the real bottom line: The money working women or any other workers pay into Social Security is not being saved for their retirement.
Unlike Social Security today, the money in these accounts would be the property of the individual, so if you die before reaching 65 you can pass this nest egg on to your loved ones.
www.iwf.org /articles/article_detail.asp?ArticleID=737   (684 words)

  
 Bold and Responsible: The President's Plan To Improve Retirement Security   (Site not responding. Last check: 2007-10-11)
Social Security would calculate how large the PRA would have been if it had only earned 3 percent annually after inflation (the average amount earned by government bonds) and, using an annuity calculator, convert that hypothetical lump sum into a monthly payment.
Under the current system’s benefit formula, workers who retire this year will receive benefits that, on average, are about 5 percent to 7 percent higher (after inflation) than workers with identical work histories who retired five years ago.
David C. John is Research Fellow in Social Security and Financial Institutions in the Thomas A. Roe Institute for Economic Policy Studies at The Heritage Foundation.
www.heritage.org /Research/SocialSecurity/wm650.cfm   (1891 words)

  
 Strengthening Social Security
Social Security was one of the great moral successes of the 20th century by providing a critical foundation of income for retired and disabled workers.
Social Security is sound for today’s seniors and for those nearing retirement, but it needs to be fixed for younger workers – our children and grandchildren.
That savings would provide a nest egg to supplement that worker’s traditional Social Security check, or to pass on to his or her children.
www.whitehouse.gov /infocus/social-security   (761 words)

  
 Howstuffworks "How does the Social Security system work?"
The ratio of workers to retirees meant that workers did not have to pay much into the system in 1935 to support the retirees (this table shows that up through 1950, only 2% of income (1% employee, 1% employer) was withheld for Social Security, compared to 15.30% (7.65% employee, 7.65% employer) today).
Currently a worker pays 7.65% of his or her gross income into the Social Security system (with a cap at a gross income of around $70,000), and the employer pays another 7.65% for the worker as well.
Social Security Calculator -- talks about the formula used to calculate your SS benefit once you retire.
people.howstuffworks.com /question385.htm   (859 words)

  
 Social security - Wikipedia, the free encyclopedia
Social security is identified in the Universal Declaration of Human Rights of 1948:
Many of the systems in continental Europe were developed, not through the state, but through occupational, mutualist and voluntary organisations.
Introduction to social security in Germany, in english.
en.wikipedia.org /wiki/Social_security   (1060 words)

  
 Bush Proposes Social Security System that Tilts Toward Poorest Retirees
Social Security has provided a safety net that has provided dignity and peace of mind for millions of Americans in their retirement.
Social Security is too important for "politics as usual." We have a shared responsibility to fix Social Security and make the system better; to keep seniors out of poverty and expand ownership for people of every background.
Social Security is too important to pass this problem on to the next generation.
www.seniorjournal.com /NEWS/SocialSecurity/5-04-28BushSpeaks.htm   (10581 words)

  
 Social Security (United States) - Wikipedia, the free encyclopedia
Social Security in the United States is a social insurance program funded through dedicated payroll taxes called FICA (Federal Insurance Contributions Act).
The Social Security Act was drafted by President Roosevelt's committee on economic security, under Edwin E. Witte, and passed by Congress as part of the New Deal.
The arguments opposed to the Social Security Act (articulated by justices Butler, McReynolds, and Sutherland in their opinions) were that the social security act went beyond the powers that were granted to the federal government in the Constitution.
en.wikipedia.org /wiki/Social_Security_(United_States)   (7086 words)

  
 Introduction To Social Security
The amount of your Social Security benefit is calculated by averaging the earnings from your 35 highest income-generating years.
According to the Social Security Administration, "the three major elements of your retirement portfolio are benefits from pensions, savings and investments, and Social Security benefits." Just keep in mind that the Social Security Administration expects the program to be unable to meet its financial obligations beginning in 2042.
With the stability of the Social Security system in doubt and defined-benefit plans disappearing at an alarming pace, the best way to achieve a secure retirement may be to take matters into your own hands.
www.investopedia.com /articles/retirement/06/socialsecurity.asp   (988 words)

  
 Social Security   (Site not responding. Last check: 2007-10-11)
Bush said in August 2001 the Social Security fund should not be tapped unless the nation was at war or in a recession - (see Well, here's a scary thought 8/28/01)
Bush commission aiming to reduce Social Security benefits - the commission is offering three private investment proposals, and two of them would reduce benefits for retirees — even those who do not choose a private investment option.12/11
Bush said last week the Social Security fund should not be tapped unless the nation was at war or in a recession (Tall.
www.whitecloud.com /social_security.htm   (1296 words)

  
 [No title]
As New York Times columnist Fred Brock recently wrote, "So-called reform of the Social Security system is looking more and more like a solution in search of a problem." In this accessible and insightful work, Baker and Weisbrot seek to cut through some of the myths and fallacies surrounding this crucial policy issue.
For example, 68 percent of respondents told the Times that they believed the Social Security system was either in crisis or in serious trouble.
A headline on a June 24 analysis of a Social Security proposal by House Republicans incorrectly said that a bill by Ways and Means Committee Chairman Bill Thomas (R-Calif.) does not address the system's solvency.
www.lycos.com /info/social-security--system.html   (413 words)

  
 No Quick Fix for Social Security System   (Site not responding. Last check: 2007-10-11)
Participants would also be entitled to Social Security benefits, reduced according to their reduction in contributions.
Since it was established in 1937, Social Security has been a "pay as you go" social contract, with current workers paying taxes to provide benefits for current retirees, with the understanding the system will work the same when they retire.
The last time the system underwent a big fix, to avert a short-term cash crisis, was in 1983 during the Reagan administration, and an economist named Alan Greenspan headed a bipartisan commission bearing his name.
www.thestreet.com /_googlen/funds/annperry/10195908_2.html   (656 words)

  
 Social Security Issue Guide
Social Security is one of America's most important and successful programs, providing over $471 billion in benefits to more than 47 million people in 2003.
The Social Security system provides three distinct types of benefits for workers and their families: lifetime retirement benefits for retirees who have worked at least ten years, their spouses, and their children; disability insurance for workers, their spouses, and their children; and survivors' insurance for the families of deceased workers.
Despite the fact that the Social Security trust fund is as robust today as it has been in recent years, the administration proposes to radically change the Social Security program by cutting benefits while at the same time allowing workers to create individual private accounts.
www.epinet.org /content.cfm/issueguide_socialsecurity   (2410 words)

  
 Reform Social Security System
Such a retirement scheme, if conducted by a private company, would be considered illegal by the same government that operates social security.
Tax status of social security benefits were changed in 1983, and again in 1993.
When payments to your social security account stop, then you obviously do not receive the associated, additional credit toward future retirement benefits.
www.mclendon.net /issues/socialsecurity.htm   (288 words)

  
 Bush unbowed on restructuring Social Security system   (Site not responding. Last check: 2007-10-11)
Asked about an ABC-Washington Post poll that shows only 35 percent of Americans approve of his handling of the Social Security issue, Bush stressed that he was still in the early stages of selling his ideas.
Key lawmakers have said Social Security legislation would have to be tackled this year to succeed, but Bush would not set a deadline for members of Congress to bring forward their own ideas.
He did not pinpoint a time when he had first begun thinking about personal accounts as a part of Social Security, but said his views on personal accounts were also influenced by the gradual move within American society from defined benefit plans to defined contribution plans.
www.post-gazette.com /pg/05075/472191.stm   (846 words)

  
 Social Security Online
Learn about Social Security's work incentives program for people with disabilities.
Social Security releases the FY 2006 Performance and Accountability Report
Social Security Delivers the Most Popular Baby Names for 2005
www.ssa.gov   (244 words)

  
 Social Security Online (via CobWeb/3.1 planetlab2.cs.unc.edu)   (Site not responding. Last check: 2007-10-11)
Government Pension Offset provisions are changed by recent legislation.
Help us prevent fraud, waste, and abuse in Social Security programs and operations.
Social Security has released its FY 2007 and Revised FY 2006 Annual Performance Plan
www.ssa.gov.cob-web.org:8888   (244 words)

  
 Social Security (United States) - Wikipedia, the free encyclopedia (via CobWeb/3.1 planetlab2.cs.unc.edu)   (Site not responding. Last check: 2007-10-11)
President Roosevelt signs Social Security Act, 14 August 1935.
“Whether on our online website or by phone, Social Security will never ask you for your credit card information or your PIN” Commissioner Jo Anne B. Barnhart reported.
This page was last modified 21:51, 11 December 2006.
en.wikipedia.org.cob-web.org:8888 /wiki/Social_Security_(United_States)   (7089 words)

  
 Social Security Online History Pages:
In this extensive collection of history-related materials, we present both the institutional history of the Social Security Administration and the history of the Social Security program.
Video and Audio Clips of Social Security History
Last reviewed or modified Tuesday Dec 05, 2006
www.ssa.gov /history/history.html   (42 words)

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