social security n. 1.oftenSocial SecurityAbbr.SSA government program that provides economic assistance to persons faced with unemployment, disability, or agedness, financed by assessment of employers and employees. 2.The economic assistance provided by social security. ...
unemployment insurance funded by employers health insurance for people in financial distress financial assistance for widows with children financial assistance for disabled individuals After much debate, Congress passed the Social Security Act to provide benefits to retirees based on their earnings history an...
Unemployment has been 10 percent or higher twice in the past 15 years.…shore up Social Security. …Young people have seen the headlines that, if nothing changes, Social Security will start having to reduce benefits in 2034. …a better way to ensure that Social Security will be there for ...
families have their roots in the Social Security Act (the Act) of 1935. This Act provided for unemployment insurance, old-age insurance, and means-tested welfare programs. The Great Depression was clearly a catalyst for the Social Security Act of 1935, and some of its provisions--notably ...
Roosevelt signed the Social Security Act into law, creating a system of retirement benefits for individuals over the age of 65. The act also includedprovisions for unemployment insurance and assistance for dependent children and individuals with disabilities. Importance of Social Security Social Security...
* Social Security’s payroll tax rate has risen by 6.2 times since the outset of the program: [49] Taxable Maximum History * The Social Security Act of 1935 initially set the annual taxable maximum at $3,000. Income earned above this amount was not subject to Social Security taxes. Th...
capitalized both Ss a U.S. government program established in 1935 to include old-age and survivors insurance, contributions to state unemployment insurance, and old-age assistance social security 例句 1.Most of the families in our road are on social security. ...
Social Security is a government program that provides economic assistance to persons faced with unemployment, disability, or agedness, financed by assessment of employers and employees. In the Indian context, Social Security is a comprehensive approach designed to prevent deprivation, assure the individua...
The Social Security Act established a benefits system in 1935 for people who are retired, jobless, or have a disability. A payroll tax funds these benefits.
History of the Social Security Administration The Social Security Board was created in 1935 when President Franklin D. Roosevelt signed theSocial Security Actinto law. The board was responsible for old age insurance, unemployment compensation, and public assistance. The Social Security Board was abolish...