Description
Conduct research on the current state of Social Security. Based on your research, write a three-to-five page paper (not including the title and reference pages). Your paper should be written in a scholarly third-person tone; it should be in APA format. The essay should address the following:
- Explain the concept of Social Security as originally envisioned by President Roosevelt.
- Evaluate the viability of Social Security within the next 20-30 years.
- Provide two or three recommendations that would improve the viability of Social Security for the next generation.
- Evaluate how these recommendations can best be implemented within the highly political environment that exists with this issue (including factors such as the implementation itself, communication, education, support, etc.).
Explanation & Answer
View attached explanation and answer. Let me know if you have any questions.
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Compensation and Benefits
Explain the concept of Social Security as originally envisioned by President Roosevelt.
Social security is a program managed by the federal government to benefit qualified
retirees, the disabled, their children, and spouses. President Roosevelt said they put the
payroll contributions to ensure contributors get legal, moral, and political rights to take their
unemployment benefits and pensions (Westerveld & Oliver, 2019). His mission about Social
Security Act was a plan to protect against the hazards and vicissitudes of life. According to
President Roosevelt's concept of social security, the Social Security Act contained two types
of provisions. The two types of provisions for old-age security include federal aid to the
States to authorize them to give cash pensions to their needy aged and a system of Federal
old-age benefits for retired employees (Westerveld & Oliver, 2019). The retired employees
and the older adults would get cash to sustain their lives.
Based on Roosevelt’s concept of Social Security, the needy persons were to get
benefits. According to the Social Security Act title I, the needy people with the age of 65 and
above got old-age benefits through Federal grants-in-aid to pay half amounts of the pensions
on condition that the Federal share did not surpass $15 month each (Westerveld & Oliver,
2019). The conditions favored the old-age and the needy people since they could benefit
directly from the cash. According to Social Security Act title II, the working population under
the age of 65 had an Old-Age Reserve Account as well as authorized payments of old-age
compensations from thi...
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