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Friday 12 April 2013

Social Security system in the United Sates. The History and what it is like today.

SOCIAL SECURITY

Social certification is a government program that helps act asers and retired workers and their families gain a degree of economic tribute. Social security, in like manner called societal redress, provides cash payments to help replace income lost as a result of retirement, unemployment, deterioration, or death (Haydock, 2002) . In this paper we go out take a closer look at The coupled States Social Security System.

The social security in the unite States has three parts. The first part consists of old age, disability, survivors, and hospital insurance (OASDHI). The second is Unemployment and the third is workers compensation.

To become eligible for social security one essential attain earned work commendation or have a family member that has. The number of work credit earned depends on the amount of money the somebody has earns per year. A worker can earn a supreme of four work credits a year, regardless of how much(prenominal) money they make.

To qualify for retirement benefits a person must have 40 credits. If a person turns 62 forward 1991 they may have fewer than 40 credits. You must also be fully insured or currently insured.

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Workers disability before the age of 31 may collect if they have earned at least six work credits and if they have earned work credit for at least half the cartridge clip between their 21st birthday and the time they became disabled. Workers disabled after their 31st birthday generally wish at least five years of work credit in the 10-year period before they became disabled.

The United States was one of the drop dead major industrialized nations to establish a social security system. In 1911, Wisconsin passed the first state workers compensation law to be held constitutional. At that time, most Americans believed the government should not have to fearfulness for the aged, disabled,

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