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Social Security is based on a simple concept: While you work, you pay taxes into the Social Security system, and when you retire or become disabled, you, your spouse, and your dependent children receive monthly benefits that are based on your reported earnings.
- English-Spanish Glossary
This English-Spanish Wordbank of Social Security Terminology...
- SSA Handbook, Chapter 17
Social Security Handbook Chapter 17 Evidence Required to...
- Retirement Benefits
The Social Security Retirement benefit is a monthly check...
- English-Spanish Glossary
Apr 21, 2021 · Also known as the contribution and benefit base, this is the amount of a person's yearly gross income that is subject to Social Security taxes, and the maximum amount of earnings that can be counted in the Social Security benefit calculation.
Benefits-to-Unemployed Contributor ratio. BDM. Benefit Delivery Modernization. CANSIM. Canadian Socio-Economic Information Management System. CAWS. Citizen Access Workstation Services. CCAJ. Connecting Canadians with Available Jobs.
Nov 2, 2017 · Are you familiar with the lingo used to describe Social Security benefits, or does it sound like a new vocabulary to you? Social Security employees strive to explain benefits using easy-to-understand, plain language.
- Overview
- The rationale for social security
government program
Written byBrian Abel-Smith
Brian Abel-Smith
Professor of Social Administration, London School of Economics and Political Science, University of London, 1965–91. Author of The Poor and the Poorest and others.
Fact-checked byThe Editors of Encyclopaedia Britannica
The Editors of Encyclopaedia Britannica
Because general social security schemes based on compulsory insurance did not come into being until the last two decades of the 19th century, it has often been argued that social security in its modern form has been a response to industrialization, which caused large numbers of people to become dependent for their security solely on earnings from employment. Indeed many families became dependent on one male earner and thus on his capacity to find work, to undertake it, and to remain in it. Moreover, industrialization led to the migration of people toward centres of work, thus separating them from the support given by the wider family. In addition, the development of compulsory education prolonged the period during which children were dependent on their parents; later the system of enforced retirement created dependency at the other end of life. This situation is contrasted with an often idealized image of the extended rural family with access to land, on which both husband and wife worked, children started work early, and old people continued to work until they became too frail or disabled to do so. On the basis of this oversimplification, some theorists have proposed that social security developed out of a need peculiar to industrial societies and that there is less need or no need for social security programs in the rural areas of developing countries today.
It is true that support from the extended family, often enforced by local custom and religious beliefs, contributes to the survival of peasant societies. But by no means do all the rural populations of developing countries have access to land, and many people work for wages in agricultural estates and mines. Moreover, peasant farmers are subject to formidable risks of crop failure, quite apart from the risks associated with the shorter average life span that characterizes developing countries. Although there is a need for social security in rural societies, the importance of specific risks may vary from region to region. Moreover, the irregular incomes in cash and kind emanating from agriculture do not lend themselves to the payment of regular social insurance contributions. Thus, what may be lacking in rural societies is the economic and administrative base for providing such security. Furthermore, provision for sickness and old age is not generally seen as the highest priority by peasant farmers overwhelmed by problems of weather and debt.
Aug 22, 2019 · Social Security’s acronyms function as verbal shorthand in your financial planning conversations. If you’re nearing retirement, you may want to know what PIA (primary insurance amount), FRA (full retirement age), and DRCs (delayed retirement credits) mean.
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What are social security acronyms?
What is Social Security & how does it work?
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What is a Social Security number?
But have you ever wondered what Social Security numbers mean? In this guide, discover what a Social Security number is, how to decode the numbers, if they’re reused, and what your number says about you.
