Which of the Following Statements Is True About the Social

question 68

Multiple Choice

Which of the following statements is true about the Social Security program?

• A)It is administered by the Social Security Administration, an agency of the United States Department of Labor.
• B)It is primarily a traditional system, where funds are set aside in advance to accumulate over time and benefits are paid to those who contributed to the fund.
• C)Survivors' benefit determination-the decision whether an applicant is entitled to survivor' benefit as determined by law-is made by the state agency.
• D)Qualification for retirement and survivors' benefits is determined by the district office, but claims for such benefits are processed through private insurer intermediaries.
• E)The Social Security is a pay-as-you-go-system, meaning that current tax revenues are used to pay the current benefits of Social Security recipients.

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