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Social Security - New Issues & Developments (Hardcover)
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Social Security - New Issues & Developments (Hardcover)
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Social Security, in the United States, currently refers to the
Federal Old-Age, Survivors, and Disability Insurance (OASDI)
program. The original Social Security Act[1] and the current
version of the Act, as amended encompass several social welfare or
social insurance programs. The larger and better known initiatives
of the program are: Federal Old-Age, Survivors, and Disability
Insurance; Unemployment Insurance; Temporary Assistance to Needy
Families; Health Insurance for Aged and Disabled (Medicare); Grants
to States for Medical Assistance Programs (Medicaid); State
Children's Health Insurance Program (SCHIP); Supplemental Security
Income (SSI). Social Security in the United States is a social
insurance program funded through dedicated payroll taxes called
Federal Insurance Contributions Act (FICA). The term, in everyday
speech, is used only to refer to the benefits for retirement,
disability, survivorship, and death, which are the four main
benefits provided by traditional private-sector pension plans. By
dollars paid, the U.S. Social Security program is the largest
government program in the world. Largely because of solvency
questions ranging from immediate crisis to large projected future
shortfalls, reform of the Social Security system has been a major
political issue for more than three decades. This book presents the
latest issues and developments related to this program.
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