Social Security Paper

Social insurance programs were designed to provide continuing income to citizens over 65 after retirement, health benefits and provide benefits for the unemployed, survivors and disabled. Social insurance programs are non-means tested, work based and incorporate a large number of people while public assistance

The Social Security system is perhaps the most successful government social insurance program in the nation 's history; and began with the Social Security Act in 1935. Social Security is a needed federal system that encourages income stability to millions of people across the United States. This is accomplished by giving a stable flow of income to replenish lost wages that occur as a result of disability, retirement, or death of a family member. There are about 59 million people in the U.S. that receive Social Security. Most of them are the required 65 years of age or older. Sadly about half of the 59 million people rely solely on Social Security to pay their bills and everyday necessities.

Social security was created in response to the Great Depression. The purpose of it is to protect aged and disabled persons from illness expenses, to give children a chance to grow up healthy and secure, keep families together, and to augment the material needs of individuals and families. The Social Security Act was first passed in 1935 and later amended in 1956 to provide disability benefits. Some programs included under the Social Security Act are: retirement insurance, survivor’s insurance, disability insurance, and some public assistance and welfare services. The Social Security program is meant to provide benefits,social security numbers, and generate its own finances.

The Social Security Act was created as a way to help keep families together. It helped disabled individuals against the expense of their illness. As well as it gave children and families a chance to live a healthy and secure life. The first two programs were the most essential at this time. The first program Title I, was a grant for old-age assistance. The second program that developed was Title II, which was a federal assistance for old-age, survivors and individuals with disabilities that included insurance benefits. The act includes a large list of programs that one might qualify for such as, retirement insurance, disability insurance, medical insurance for elderly, veterans benefits, unemployment insurance and much more. According

This is only possible if: One has been entitled to social security disability benefits for a period of 12 months, You have received a disability pension from the railroad retirement board together with attaining certain conditions, In a case one has Lou Gehrig’s disease but receives social security disability benefits. Other qualifications include; that you are a widow(er) or yourself worked for the government for long paying Medicare taxes together with the fact that you received a social security disability benefit for 24 months. In addition, a person who has had a permanent kidney failure and has received a maintenance dialysis or a transplant and meets social security benefits also qualifies for the

The Social Security program is based on contributions that workers pay into the system. While you are working, a portion of

My first source is the annual report to Congress on Title XX of the Social Security Act. I found it in the government documents section of the library among other economic government sources. This source contains various details about the program form the 1980 fiscal year. The details of the program are quite extensive, but the true value of this source comes from the executive summary. In this summary there is a description of funding for social security over the past five years. The 1980 fiscal year was the first year in which funding dropped. Coincidentally 1980 is the same year that Ronald Reagan was elected President. This source is a clear example of his plan to cut spending in order to reduce spending. This source is one of the first

     Several federal agencies today support and administer the various Social Security programs. The programs associated with Social Security include Old-Age, Survivors, and Disability Insurance (OASDI), Medicare, Unemployment Compensation, and Supplemental Security Income (SSI). For people who have worked for a living, OASDI and Medicare provide support during their older years and when they have stopped working. Unemployment Compensation provides temporary financial help during periods between jobs. SSI provides income to people who cannot work for various reasons. The OASDI

The Social Security Act (SSA) of 1935 was drafted during the Great Depression as part of President Franklin D. Roosevelt’s New Deal. The SSA was an attempt to limit what were seen as dangers in the American life, including old age, poverty, unemployment, and the burden of widows and fatherless children. The SSA was intended to provide a minimal level of sustenance to older Americans, saving them from poverty. By signing the Social Security Act, President Roosevelt became the first president to advocate federal assistance for the elderly. The SSA provided benefits to retirees and the unemployed, and a lump-sum benefit at death. Payment to current retirees are financed through payroll taxes on current workers’ wages, half directly as a payroll tax and half paid by the employer. The SSA also gave money to states to provide assistance to the elderly, health care, maternal and child welfare, and assistance for the disabled and blind. In 1965, Congress expanded the system to include

The Social Security Administration (SSA) is a U.S. government office made in 1935 by President Franklin D. Roosevelt, the SSA directs the social protection programs in the United States. The organization covers an extensive variety of standardized savings administrations, for example, inability, retirement and survivors' advantages. Already working under the Department of Health and Human Services, the SSA has worked as a completely free organization since

"The Social Security and Supplemental Security Income disability programs are the largest of several Federal programs that provide assistance to people with disabilities. While these two programs are different in many ways, both are administered by the Social Security Administration and only individuals who have a disability and meet medical criteria may qualify for benefits under either program."

For a start, as my policy analysis term paper, I subjectively selected the Supplemental Security Income (SSI) policy administered by the Social Security Administration Act, based on my personal experience with the policy and from curiosity as how the mechanisms of the policy truly operate. The Supplemental Security Income (SSI) or Title XVI, is a United States federal government income supplement program that is “funded by tax revenues not social security taxes – it is designed to help aged, blind, and disabled people, who have little or no income; and it provides cash to meet basic needs for food, clothing, and shelter” (Social Security Administration, 2016). Although overseen by the Social Security Administration (SSA), as aforementioned,

Franklin D. Roosevelt signed the original Social Security Act. It comprised of two services: a Social Security retirement benefit that applied only to workers, and a welfare program for the elderly called Old Age Assistance. Social

Social Security is what keeps many elderly and disabled Americans from being stricken by poverty. Without Social Security in our society 15.3 million elderly would have incomes below the poverty line, however after Social Security was added to the equation only 3.8 million elderly have incomes below poverty. Three-fourths of those elderly people who would have been poor without Social Security were removed from below the poverty line by Social

     The Social Security program provides benefit payments to workers who are too severely disabled to engage in gainful employment. In order to be eligible for such benefits, an individual’s disability must have existed for at least 6 month and must be expected to continue for at least 12 months. Those eligible for disability benefits must have worked under Social Security for a t least 5 out of the 10 years before becoming disabled. Disability benefits, which include auxiliary benefits for dependents, are computed on the same basis as retirement benefits and are converted to retirement