THE EMPLOYEES’ SOCIAL SECURITY ACT 1969 (“SOCSO”) WHAT IS SOCSO? It is an organization set up to administer‚ enforce and implement the Employees’ Social Security Act‚ 1969 and the Employees’ Social Security (General) Regulations 1971. WHAT IS IT IMPORTANT? It provides social security protection by social insurance including: • • • • medical and cash benefits‚ provision of artificial aids‚ rehabilitation to employees to reduce the sufferings‚ provide financial guarantees and protection
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The New Deal was an extraordinary plan that involved the united states rebuilding its self after the Great Depression by stabilizing the economy‚ creating long term job opportunities‚ decreasing agricultural supply to drive prices up‚ and helping homeowners pay mortgages and stay in their homes” created by‚ Franklin D. Roosevelt. Some of these plans also known as programs were called Federal Housing Administration‚ Public Works Administration‚ Social Security Act‚ Home Owners Loan Corporation‚ Civilian
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the American economy was in its worst state yet‚ and many fearful citizens wanted a leader who would do more to alleviate the crisis. They found that leader in Franklin D. Roosevelt‚ who promised the nation a "New Deal" and with that promise won the election of 1932. Roosevelt’s New Deal had profound effects upon American history. Although it was intended to restore America’s devastated economy‚
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Social Insecurity Social Security‚ which has been an entitlement program since 1937‚ is in danger of having inadequate funding for future retirees. This iconic program that almost everyone is counting on to help fund his or her retirement is paying out more money than it collects (Sanger-Katz). Opportunities to help Social Security remain a viable entitlement program lie within our abilities to revise existing policies that are currently unsuccessful. Our current Social Security structure requires
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early will get an early start on all of those fun things that others will have to wait a few more years to enjoy‚ such as indulging in a favorite hobby‚ traveling‚ doing volunteer work and spending time with family and friends. The freedom to start a new career Not everyone wants to stop working when they retire some might choose to keeping working. Using there past experience some may start their own business using their knowledge and professional contacts. Better health Those who are able to stop
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HISTORY LESSON ON YOUR SOCIAL SECURITY CARD Just in case some of you young whippersnappers (& some older ones) didn’t know this. It’s easy to check out‚ if you don’t believe it. Be sure and show it to your family and friends. They need a little history lesson on what’s what and it doesn’t matter whether you are Democrat or Republican. Facts are Facts. Social Security Cards up until the 1980s expressly stated the number and card were not to be used for identification purposes. Since nearly everyone
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run for some people is social security there are some things that should change in that system. Social security is any government system that provides help to people with no income. With this system there is some laws in it and is one of the systems that deserves change in the government. In the article "Updating Social Security for the 21st Century: 12 Proposals You Should... - AARP." AARP. this article states some of the flaws that is need of change in the social security system “The age when a
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The Social Security Administration announced earlier today that the millions of Americans receiving Social Security would not receive a cost of living adjustment for 2016. This is just the third time in the last 40 years that recipients did not receive a cost of living adjustment. The last two were in 2010 and 2011. These increases link to the consumer price index (CPI). The CPI used is for urban wage earners and clerical workers (CPI_W). This takes into consideration the spending habits of working
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Studies show that African Americans receive diffidently more in social security benefits for each dollar they pay in payroll taxes than the whites do. They earn 73% as much than as white individuals‚ especially on average‚ but because of social security liberal benefit structure‚ their average retirement is about 85% as much as whites. In addition‚ studies show that African Americans benefit excessively from social security’s disability and survivor’s benefits‚ since they are more likely than the
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Social Security Reform in the United States by Todd Goren An assignment submitted in partial fulfillment of the requirements for PAD 620 (Foundations of Public Administration) School of Professional Studies National University Professor Robert Ripley April 24‚ 2013 Abstract Reform proposals for the permanent appropriations that fund Social Security‚ aptly known as a mandatory entitlement along with its sister program Medicare; have dominated politics since the program’s inception
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