The Purpose of the Social Security Retirement Program Is to

question 196

Multiple Choice

The purpose of the Social Security retirement program is to

• A)increase retirement income to 75 percent of pre-retirement income.
• B)pay for health care costs.
• C)replace defunct pension fund plans.
• D)provide a basic adequate income to eligible retirees.
• E)none of these.

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Definitions:

Disposable Income

After-tax income. Term applies to individuals and to the nation.

Welfare Rolls

A list or register of individuals who are receiving welfare benefits provided by a government.

Hours Per Year

A measure of the amount of time expressed in hours over the course of a year, often used in the context of work hours or operational hours.

Labor Force

The aggregate count of individuals who are either engaged in work or are in pursuit of a job.