Which of the Following Is True About the Coverage of OASDHI

question 99

Multiple Choice

Which of the following is true about the coverage of OASDHI program?

• A)Only about fifty percent U.S. employees are covered by the program.
• B)Federal, state, and local government employees account for a high percentage of employees covered under this program.
• C)There are no eligibility requirements to be met by an individual to receive benefits.
• D)Old-age insurance benefits for fully insured workers begin at the age of 50.
• E)High earners help subsidize benefit payments to low earners.

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Definitions:

Negotiation

The process of discussing terms between parties to reach a mutual agreement or resolve differences.

Arbitration

A method of dispute resolution where an impartial third party, called an arbitrator, makes a decision to resolve a dispute outside of court.

Private Civil Trial

Trials run according to the same rules of procedure and evidence as trials run under the official auspices of the court. In a private trial, the parties can hold the trial when and where they choose, and they can choose the judge. Lengthy civil cases are well-suited to this approach.

Retired Judge

A former judge who has ended their official career on the bench but may still perform certain judicial duties on a temporary or part-time basis.