Social Security System

Running Head : Social Security SystemNameUniversityCourseTutorDateThesisThe current loving security department System should be replaced by a required occult dodgeThe in the unite States is a federal pass over that benefits the retirees and the disablight-emitting diode that was introduced in 1935 This computer programme contains the dispower income , earthly concern living accommodations , retreat benefits , food stamps program and similarly the veterans pension . These benefits be not like any other regimen public assistance programs . This is because the amicable security welf are system follows in truth intensive eligibility guidelines which are mostly based on the handicraft write up of the soulfulnesss and also their contributions they have so farthermost made to the ( HYPERLINK hypertext transfer protocol / web .injuryboard .com / face .cfm / 1237 vane .injuryboard .com / find out .cfm / 1237In America , the inelegant uses a organisation-man maturated type of excellently known as the Pay-As-You-Go system . Under this system , all(prenominal) useer is obliged to patch up a social security tax and it is the number of geezerhood that person has been employed and the add contributed that bequeath eventually secure the summate of benefits that a person is entitle to ( HYPERLINK http /www .injuryboard .com /view .cfm / 1237 www .injuryboard .com /view .cfm / 1237Therefore , amount of contributions made by a worker with the number of geezerhood under employment has a direct and proportionate race with the benefits that maven is entitled to . The higher the amount contributed coupled with big years of work , the higher the benefits that an individual receivesIn addition , the social security program in the U .S . is made up of contributions that are mandate and are mostly collected from employees , free! lance and employers . These contributions are hence distributed to workers who have retired including their survivors and dependants .

The government has set 1 ,750 as the upper limit benefits as per month for any worker who retires at age of 65 and 2 months which is the social security s appropriate privacy age ( HYPERLINK http /www .injuryboard .com /view .cfm / 1237 www .injuryboard .com /view .cfm / 1237The current should be replaced by a mandatory hush-hush pension system . I concur the idea to diverge the current government- managed system to avoid taxing the current workers and enhancing its ability to tax t he generations to come . I also do not support the current in United States as it has led to the establishment of class conflicts and moreover the benefits that the U .S . workers tick are low as compared to their Chilean counterpartsI purpose that we move to an only when new system of social security for instance the one practiced by the Chilean government . The Chilean government practices the privately individual owned retirement system If the American government adopts this new system of which is a mandatory private pension system , it means that either month , workers will be able to deposit close to amount to their individual pension saving accounts that will be managed...If you want to get a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper