What is the Social Security system?

Answer 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 »

Top Q&A For: What is the Social Security system

Social Security System Definition?

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 »

What is the social security system in the Philippines?

The Filipino Social Security System is designed to provide a universal, equitable system for protecting residents of the Philippines against the costs related to sickness, disability, maternity and... Read More »

Who invented the Social Security system?

Congress passed the Social Security Act of 1935 during the term of Franklin D. Roosevelt. Social Security payments went into effect in 1942 to workers who reached 65 that year. Social Security's in... 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 »