Social Security System Definition?

Answer Born from the turbulent economic times of the 1930s, social security has become a pivotal social policy for virtually every nation. While many think of social security as a government-sponsored ret... Read More »

Top Q&A For: Social Security System Definition

What is the Social Security system?

According to the AFL-CIO, the Social Security system is a source of "guaranteed income" for retired persons, the families of deceased workers and disabled persons. Approximately 47 million people r... Read More »

What is social security's definition of disability?

There is a five-step process to determining disability through the Social Security Administration (SSA). Disability is determined by your condition's impact on your daily life and ability to work. ... Read More »

When did the social security system begin?

The Social Security system began on August 14, 1935 with the Social Security Act, signed by Franklin Delano Roosevelt. Funding for the program was provided by payroll taxes. There have been numerou... Read More »

Do congressmen pay into the social security system?

According to the Social Security Administration (SSA), members of Congress--including both the President and Vice President--must pay into Social Security. The SSA began requiring members of Congre... Read More »