Social Security

(redirected from State benefits)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia.

Social Security

A program of the United States federal government that provides income to disabled and (especially) elderly people. That is, persons who have paid into the Social Security system for a certain period of time are eligible to receive what amounts to a government pension in retirement or in the event of disability. It is paid out of the Social Security trust fund and is financed through FICA taxes. Because Social Security is the single largest expense of the federal budget, periodic attempts are made to wholly or partly privatize Social Security, though opponents claim that doing so would make the American social safety net less secure. See also: SSI, TANF, SCHIP.

Social Security.

Social Security is a federal government program designed to provide income for qualifying retired people, their dependents, and disabled people who meet the Social Security test for disability.

You qualify for retirement benefits if you have had at least the minimum required payroll tax withheld from your wages for 40 quarters, the equivalent of 10 years.

The minimum for each quarter is set by Congress and increases slightly each year. You earn credits toward disability coverage in the same way.

The amount you receive in Social Security retirement benefits, up to the annual cap, is determined by the payroll taxes you paid during your working life, which were matched by an equal tax paid by your employers. Some of your benefit may be subject to income tax if your income plus half your benefit is higher than the ceiling Congress sets.

References in periodicals archive ?
Yet Jane Gelfand, an attorney and benefits counseling program director at Positive Resource Center--a nonprofit organization in San Francisco that assists those affected by HIV and AIDS--has spent much of the year exhaustively researching the impact the law will have on means-tested state benefits.
While that is part of Buchanan's concern, he sees the main threat arising from immigrant eligibility for generous welfare state benefits, such as medical care, food stamps, education, and other benefits.
About 70,000 medicals are carried out each month on people claiming state benefits for the first time, such as disability living allowance, invalidity or incapacity allowance.
Gray Davis and immigrant-rights groups, angering supporters of the initiative denying education and state benefits to illegal immigrants.
Employment, labor productivity, and straight-time pay are up, while state benefits have been cut by 10 percent, the budget is in surplus, inflation has held at 2 percent per year, and government debt has fallen from 50 to 30 percent of GDP.
2 With all the talk about balancing budgets, neither candidate was willing to confront the demographic time-bomb that will explode the federal deficit early in the next century when the post-world War II `baby boom' generation starts to draw on social security, medicare and other state benefits.
The payments are calculated pursuant to a formula designed to measure the net direct state benefits accruing from the new business establishment.
In addition, without filling out any other questionnaire, the BenefitsCheckUpRx-Extra Help feature will tell users if they qualify for other federal or state benefits programs such as Supplemental Security, food stamps or state prescription assistance programs.
Over 64% of budget of the Ministry of Social Development accounts for payment of state benefits, including 32% of unified monthly benefits to low income families having children.
These series are politically motivated against all the people who rely on state benefits to survive.
State benefits are an entitlement - they are not a handout from government, neither are they charity.

Full browser ?