social security tax
The official name for the Social Security program in the United States is the Old-Age, Survivors, and Disability Insurance (OASDI) program. It provides benefits to retired workers, disabled individuals, and survivors of deceased workers. The program is funded through payroll taxes collected under the Federal Insurance Contributions Act (FICA).
Government payments to retired workers are commonly known as Social Security benefits in the United States. π Key Term: Social Security Social Security is a federal program that provides monthly income to eligible retired workers. Itβs administered by the Social Security Administration (SSA). Funded through payroll taxes collected under the Federal Insurance Contributions Act (FICA). π Other Related Terms: Retirement Benefits: The portion of Social Security paid to individuals who have reached retirement age. Pension: A separate form of retirement income, often provided by employers (not the government). Supplemental Security Income (SSI): A separate program for low-income seniors or disabled individuals, which may provide additional assistance. π‘ Summary: The government payments made to retired workers are called Social Security retirement benefits.
Pensions
the social security taxes you pay provide benefits for workers who have already retired. ======= There might not be enough younger workers if populations are declining or the younger workers may not earn enough to support themselves and pay the promised benefits to the older workers as the economy declines.
The Netherlands addresses the issue of disabled individuals engaging in prostitution within their legal framework by allowing them to work as sex workers if they choose to do so. The country's laws on prostitution do not discriminate against individuals with disabilities, and they have access to the same rights and protections as other sex workers. Additionally, there are support services available to assist disabled individuals in the sex industry.
People of old age, Unemployed, blindness, physical handicaps, delinquent children, and other dependents.People who already have retired; people who are disabled; survivors of workers who have died; and dependents of beneficiaries all receive Social Security benefits.
The Treasury department
pensions
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in a way yes
Social Security Administration collects taxes from workers to pay benefits and living expenses for those who became permanently disabled.
Social Security Administration collects taxes from workers to pay benefits and living expenses for those who became permanently disabled.