The Purpose of the Social Security Trust Fund Created in 1983

question 42

Multiple Choice

The purpose of the Social Security Trust Fund created in 1983 was to:

• A) create private accounts for taxpayers born after 1964.
• B) transform social security from a pay-as-you-go system to a fully funded pension plan.
• C) build a surplus to help fund benefit payments to retirees born between 1946 and 1964.
• D) prevent the federal government from using payroll tax revenues to fund other programs.

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Definitions:

Christian Religious Congregations

Communities of individuals who come together for worship, fellowship, and service within the Christian faith.

Racial Diversity

The inclusion and representation of individuals from various racial and ethnic backgrounds within a community or organization.

Ethnicity

The shared cultural practices, perspectives, and distinctions that set apart one group of people from another.

Labor Unions

Organizations formed by workers to advocate for their rights, better wages, benefits, and working conditions through collective bargaining with employers.