Most Americans today have some insurance against long-term illness or injury, or the death of the family wage-earner. Nearly all who work, including the self-employed, are covered by retirement programs. Four out of five employees now have access to unemployment benefits.
The Social Security law, which covers more than 90 percent of the work force, provides a national system of payments in old age and disability benefits. Over the years the law has been broadened’ to give greater protection in all categories.
The Social Security system is financed through a tax paid by workers and their employers during the years of employment. Self-employed persons, who also pay into the system, are covered as well. When workers retire at age 65, they receive monthly payments on a scale to their previous earnings; reduced benefits am paid to those retiring at ages 62 through 64. Benefits are also paid to nonworking widows and widowers, to children under 18 and to dependent
A. taxes for social security
B. a tax for unemployment insurance
C. for the group health program
D. for the pension system
Most Americans today have some insurance against long-term illness or injury, or the death of the family wage-earner. Nearly all who work, including the self-employed, are covered by retirement programs. Four out of five employees now have access to unemployment benefits.
The Social Security law, which covers more than 90 percent of the work force, provides a national system of payments in old age and disability benefits. Over the years the law has been broadened’ to give greater protection in all categories.
The Social Security system is financed through a tax paid by workers and their employers during the years of employment. Self-employed persons, who also pay into the system, are covered as well. When workers retire at age 65, they receive monthly payments on a scale to their previous earnings; reduced benefits am paid to those retiring at ages 62 through 64. Benefits are also paid to nonworking widows and widowers, to children under 18 and to dependent
A. the Social Security law
B. the social security and insurance system
C. unemployment insurance
D. retirement benefits
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