Which of the Following Is True About the Social Security

question 14

Multiple Choice

Which of the following is true about the Social Security pension system in the United States?

• A)Pensions received by retired workers are based entirely on their contributions to the Social Security pension trust fund and the investment return on that fund.
• B)Pensions received by married retirees with dependents are greater than that received by those without dependents.
• C)Gross replacement rates are inversely related to preretirement earnings.
• D)Both (b) and (c) are correct.

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Definitions:

Contractual Rights

Legal rights granted to parties in a contract, specifying what each is entitled to receive or obligated to perform under the agreement.

Balancing Act

The process of attempting to maintain equilibrium or optimal performance in face of conflicting interests or demands.

Chaos

A state of extreme confusion and disorder, marked by a lack of predictability and control, often referenced in the context of systems, science, and societal conditions.

Federal Statute

A law passed by the United States Congress and signed by the President.