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For2: Social Security (United States), National Insurance (UK), Social Security (Sweden), Social Security (Australia)

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Wikipedia About Social Security

For2: Social Security (United States), National Insurance (UK), Social Security (Sweden), Social Security (Australia)

Social security primarily refers to a social insurance program providing social protection, or protection against socially recognized conditions, including poverty, old age, disability, unemployment and others. Social security may refer to:

  • social insurance, where people receive benefits or services in recognition of contributions to an insurance scheme. These services typically include provision for retirement pensions, disability insurance, survivor benefits and unemployment insurance.
  • income maintenance—mainly the distribution of cash in the event of interruption of employment, including retirement, disability and unemployment
  • services provided by administrations responsible for social security. In different countries this may include medical care, aspects of social work and even industrial relations.
  • More rarely, the term is also used to refer to basic security, a term roughly equivalent to access to basic necessities—things such as food, clothing, shelter, education and medical care.

Social Insurance

Main: Social insurance Actuaries define social insurance as a government-sponsored insurance program that is defined by statute, serves a defined population, and is funded through premiums or taxes paid by or on behalf of participants. Participation is either compulsory or the program is heavily enough subsidized that most eligible individuals choose to participate.

In the U.S., programs that meet this definition include Social Security, Medicare, the PBGC program, the railroad retirement program and state-sponsored unemployment insurance programs.

Income maintenance

This policy is usually applied through various programs designed to provide a population with income at times when they are unable to care for themselves. Income maintenance is based in a combination of five main types of program:

  • social insurance, considered above
  • means-tested benefits. This is financial assistance provided for those who are unable to cover basic needs, such as food, clothing and housing, due to poverty or lack of income because of unemployment, sickness, disability, or caring for children. While assistance is often in the form of financial payments, those eligible for social welfare can usually access health and educational services free of charge. The amount of support is enough to cover basic needs and eligibility is often subject to a comprehensive and complex assessment of an applicant's social and financial situation. See also, Income Support.
  • non-contributory benefits. Several countries have special schemes, administered with no requirement for contributions and no means test, for people in certain categories of need - for example, veterans of armed forces, people with disabilities and very old people.
  • discretionary benefits. Some schemes are based on the discretion of an official, such as a social worker.
  • universal or categorical benefits, also known as demogrants. These are non-contributory benefits given for whole sections of the population without a test of means or need, such as family allowances or the public pension in New Zealand (known as New Zealand Superannuation). See also, Alaska Permanent Fund Dividend.

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News about Social Security

Social Security, Medicare Dwindling In Recession

Hartford CourantSocial Security and Medicare are fading even faster under the weight of the recession, heading for insolvency years sooner than previously expected, the government warned Tuesday.http://www.courant.com/news/nationworld/hc-social-security-t...

Recession hurts Medicare and Social Security

Reuters via Yahoo! NewsThe U.S. Social Security and Medicare retirement and health programs for the elderly will run short of funds sooner than previously thought because the recession has taken a toll on tax revenues, a government report released on Tuesday showed.http://news.yahoo.com/s/nm/20090513/us_nm/us_usa_socialsecur...

The Great Social Security and Medicare Panic

Time MagazineThe new report on Social Security andMedicare is causing needless panichttp://www.time.com/time/business/article/0,8599,1897884,00....

The gathering storm on Social Security and Medicare

The Washington DC ExaminerEarlier this week, the trustees for Social Security and Medicare issued their latest annual report warning of the impending financial catastrophe when the federal government must pay out more in benefits it has promised under the two entitlements than it collects in taxes to pay for the programs.http://www.washingtonexaminer.com/opinion/44970857.html

Social security institutions pool funds for the unified ID system

GMA NewsThe Government Service Insurance System (GSIS), Social Security System (SSS), Philippine Health Insurance Corporation (Philhealth), the Home Development Mutual Fund (HDMF) will pool funds to bid out the production of the unified multi-purpose ID.http://www.gmanews.tv/story/161135/Social-security-instituti...

News about Social Security

Stimulus funds for Social Security payees -- for now

NewsdayWASHINGTON - About 52 million Social Security recipients started receiving $250 economic recovery checks Thursday, including many who will have to repay the money at tax time next year through a smaller refund or a larger tax bill. The payments were ... http://www.newsday.com/news/nationworld/ny-ussoc0812744206ma...

Immigration bill about protecting American jobs

Journal-NewsHAMILTON — A bill that would require employers to check the Social Security numbers of new employees to assure they are in the country legally is all about giving jobs to Americans and taking away a paycheck from illegal immigrants during tough ... http://www.journal-news.com/news/hamilton-news/immigration-b...

Health Costs Are the Real Deficit Threat

Wall Street JournalThe numbers speak for themselves. The Medicare and Social Security trustees' reports released this week show that health-care costs drive our long-term entitlement problem. An example illustrates the point: If costs per enrollee in Medicare and ... http://online.wsj.com/article/SB124234365947221489.html

Reich: The Truth Behind the Social Security and Medicare Alarm Bells

OpEdNews.comSocial Security is a tiny problem. Medicare is a terrible one, but the problem is not really Medicare; it's quickly rising health-care costs. Look more closely and the real problem isn't even health-care costs; it's a system that pushes up costs by ... http://www.opednews.com/populum/link.php?id=89830

In Europe, social safety net softens the slump

MSNBC ... activating measures and a low degree of job security — relatively efficient at creating employment but bad at preventing poverty.  The Nordic model (Denmark, Finland and Sweden, plus the Netherlands and Austria): High spending on social security ... http://www.msnbc.msn.com/id/30363790

Search results for Social Security

Social Security Administration - Wikipedia, the free encyclopedia

The United States Social Security Administration (SSA) [2] is an independent agency of the United States federal government that administers Social Security, a social insurance ... http://en.wikipedia.org/wiki/Social_Security_Administration

Social Security Awards

http://www.socialsecurityawards.com/

Social Security Disability Insurance (SSDI) Q&A

General Questions About SSDI. What is SSDI? Social Security Disability Insurance (SSDI) is a monthly benefit for people who have worked in the past and paid Social ... http://www.cms.hhs.gov/apps/firststep/content/ssdi-qa.html

Project on Social Security Choice

By 2012, Social Security will pay out more in benefits than it collects in revenues. Read about privatization and benefits of moving current Social Security systems capital into ... http://www.socialsecurity.org/

Larry's Website On Social Security Around The World

DISCLAIMER - THIS WEBSITE IS NOT ENDORSED BY OR AFFILIATED WITH THE U.S. SOCIAL SECURITY ADMINISTRATION , OR ANY GOVERNMENTAL ENTITY. This web site is owned by private parties and ... http://socialsecurity.com/
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Social Security not in trouble

Social Security not in troubleBob Weiner, former Chief of State of the House Aging Committee, talks to CNN's John Roberts about Social Security.Windows Media - Video

Medicare, Social Security running d...

Medicare, Social Security running dryMay 12: Treasury Secretary Tim Geithner says Medicare faces more challenges than Social Security, but both face shortfalls and rising costs, which reform efforts could help...Windows Media - Video

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Computer security and ChinaCNN's Kitty Pilgrim reports on hopes the U.S. will beef up computer security to match China's cyber-defenses.Windows Media - Video

Tight security for Pope in Jordan

Tight security for Pope in JordanMay 10: Pope Benedict delivered an open-air Mass to a large crowd in Amman, Jordan, even though many people were turned away at the gates due to heavy security. (MSNBC)Windows Media - Video

Answers for Social Security

butterfly234social security?butterfly234The computation is based on the 35 years of highest earnings, with earlier years assigned a multiplier based on cost of living. So wages earned long ago are adjusted to today's dollars. It is not ...wolfSocial Security card and birth certificate mailed to a wrong address?wolfJohnsonSocial security benefits are indexed to inflation. Would my benefit be reduced if we have negative inflation?JohnsonNo! Social Security would not reduce your check. You would just not receive a cost of living increase and I have never seen that happen. Here are the COLAs back 2000 to present: Year COLA 2000...poorboySocial Security: Is there a downside to not working in the 5 years leading up to full retirement?poorboyit is cumulative, so if you have reached peak benifit, then any more work will not increase your benifit and any less work will not reduce it. good luckmikeIf i draw social security can I work in a foreign country?mikeYou can work all you want and draw the retirement benefit. It used to be there were income restrictions, but those were abolished during the Clinton years. If you are on SSI, you're supposed to be ...
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