Social security is a social insurance program that is funded through dedicated pay tool taxes. In today’s world ‘retirement’ or federal old age survivors and disability insurance program are the social old age problem that help people who need the help of government sector for the aid of old age, poverty, unemployment, the widows and the fatherless children, this was called the “social security act “, it was created on 14th 1935 by president Roosevelt, he became the first president to advocate its old age law.
Today the social security act is further more diverse on the social welfare and social insurance, the larger and the better known programmed are
*Unemployment benefit.
*federal old age (retirement), survivors, and disability insurance.
*temporary assistance for needy family.
*health insurance for aged and disable (medication)
*supplemental security income.
*social security is a social insurance program
The main people who come under the criteria of federal insurance contributations, the this deal is only for retirement, disability, survivorship and dead, these are the four who will be benefited from sector pension plan, by dollars paid Us security program is the largest governmental program in the world so far.
There were proposal to make this government sector privatize this became one of the most and highly debated topic under the presidential ship of bill Clinton and George bush
