Social Insurance
Full form of OASDI is -----
What is Old-Age Survivors and Disability Insurance?
Social Security Act was enacted in the year ---
What is 1935?
Full form of FICA is ----
What is Federal Insurance Contribution Act?
Social security is not a retirement program rather it is a --- program
What is safety net?
The Social Security Trust Fund ---- is a subject of concern and debates
What is solvency?
Long term protection and preventative provision of OASDI is ----
What is social insurance?
Social security was developed in the background of ---
What is Great Depression?
From workers’ paycheck --- percent is deducted for OASDI as per FICA
What is 6.2%?
Social security is not funded through general taxes but --- taxes
What is payroll?
------ solution to the solvency concern is controversial
What is privatization?
The residual provision of short-term cash assistance of OASDI is….
What is public assistance?
Social security was developed by the committee headed by ----
Who is Frances Perkins?
From workers’ paycheck – percent is deducted for Medicare as per FICA
What is 1.45%?
Social security originally did not include--- and ---- workers
What is farm and domestic?
Social security trust funds are projected to run out of surplus funds by ---
What is 2033?
Without social security almost – percent of elderly would be below poverty line.
What is 50 percent?
Social security originally in 1935 was ------
What is controversial?
FICA requires employers to pay --- amount
What is matching?
Social security benefits for women are lower than men because—
What is lower lifetime earnings of women?
Only --- of the anticipated benefits will be funded between 2034 and ---
What is 2088?
Social security is the main source of income for – percent of all elderly
What is 2/3 or 66%?
Social security put --- at the head of social welfare
What is Federal Government?
The FICA contributions are put in the -----
What is Social Security Trust Fund?
It was in --- farm and domestic workers were added to the social security program
What is 1954?
Social security emphasizes ---- value and ---- approach?
What is social responsibility and preventative?
What was the average life expectancy of US citizens when Social Security Act in 1935 set retirement age at 65 years and what is the current average life expectancy?
60 for men and 64 for women in 1935 and (74 for men and 79 for women in 2021-covid