Essays on Social Security

Indexation of benefits It is an adjustment of pensions and other cash benefits to take account of price movements and protection against inflation to the beneficiaries. Indexes may include prevailing statutory minimum wages, yearly average earnings of the contributors e. t. c. Portability of Benefits …

New Labour promised to halve child poverty by 2010 and to eradicate it by 2020, (Walker, 1999). Social security is not merely about poverty relief, as the relief of poverty requires more than just social security reform, it is important to address the position of …

Social Security was a good idea but somewhere along the way, it was not thought out to last. The Social Security Act was signed in to law by President Franklin D. Roosevelt on August 14, 1935. It included several provisions for the general welfare and …

The current Social Security system should be replaced by a mandatory private pension system. The current system entails workers being forced to give a certain percentage of money out of their pay checks to Social Security. This tax money is used to pay benefits to …

Social security policy is a major, convoluted issue in all societies. Millions of people are heavily reliant on social security as a means of support to achieve a basic standard of living. There is thought to be three main welfare regimes, in western society. These …

Bush administration’s continuous emphasis on the issue of privatization of social security services has generated much hype in the recent years. Many a social security scholars and workers take into account its bad effects on the socio-cultural sector and economic domain of United States rather …

Bush has proposed allowing workers to invest some of their federal retirement taxes themselves to earn a better rate of return — a partial privatization of the 65-year-old retirement system. (more…)

Expected Lifetime Costs of Significant “Aging Shocks” for a 65-Year-Old Today Population Needing Long-term Care If we also look at another issue as to why long-term care could be a large burden is the rapid inflation in expenditures for long-term care in recent years. Medicare …